Page 105 - Pakistan Oilfield Limited - Annual Report 2022

103
Annual Report 2022

2017 2018 2019 2020 2021 2022
KEY FINANCIAL RATIOS
Profitability Ratios
Gross profit % 51.58 52.46 58.19 61.22 60.02 65.35
Net profit to sales % 35.48 34.85 38.64 44.82 37.13 49.93
EBITDA margin to sales % 59.38 57.85 68.24 70.18 67.58 80.44
Operating leverage Time 0.76 0.83 1.12 0.88 0.88 1.11
Return on equity employed % 30.73 34.74 44.32 40.67 34.00 50.79
Return on average capital employed % 31.40 35.43 47.63 41.81 33.61 57.36
Shareholders’ funds % 54.63 46.70 46.72 43.96 41.72 43.25
Return on shareholders’ funds % 30.73 34.74 44.32 40.67 34.00 50.79
Liquidity Ratios
Current ratio Time 2.22 1.72 2.05 1.95 1.87 2.15
Quick asset test ratio Time 1.80 1.53 1.87 1.78 1.71 1.99
Cash to current liabilities Time 1.38 1.03 1.40 1.41 1.39 1.65
Cash flow from operations to sales % 57.45 59.17 49.06 63.66 54.05 53.72
Cash flow to capital expenditures % 35.35 22.18 3.92 18.37 3.64 6.75
Cash flow coverage ratio 4 % - - - - - -
Cash flow from operating activity Time 1.52 0.92 0.84 0.76 0.57 0.68
Activity / Turnover Ratios
Inventory turnover 1 Time - - - - - -
Inventory turnover 1 Days - - - - - -
Debtors turnover Time 8.23 5.66 5.09 4.42 4.81 6.00
Average collection period Days 44.35 64.49 71.71 82.58 75.88 60.83
Creditors turnover 1 Time - - - - - -
Average payment period 1 Days - - - - - -
Total assets turnover Time 0.48 0.51 0.58 0.42 0.39 0.49
Fixed assets turnover Time 1.07 1.31 1.98 1.73 1.66 2.55
Operating cycle 1 Time - - - - - -
Investment / Market Ratios
Earnings per share - basic 2 Rs 40.92 48.13 59.44 57.69 47.14 91.37
Earnings per share - restated 3 Rs 34.10 40.10 59.44 57.69 47.14 91.37
Price earning ratio Times 11.20 13.96 6.83 6.08 8.35 4.44
Cash dividend yield % 9.93 7.52 9.28 13.22 13.43 17.51
Cash dividend payout % 97.76 88.31 84.12 86.67 106.06 76.61
Cash dividend cover % 102.29 113.24 118.88 115.38 94.29 130.52
Cash dividend per share Rs 40.00 42.50 50.00 50.00 50.00 70.00
Bonus shares % - 20.00 - - - -
Market value / share at year end Rs 458.15 671.79 405.89 350.63 393.86 405.81
Market value/share-high during the year Rs 570.00 719.00 680.00 486.00 443.00 424.90
Market value/share-low during the year Rs 344.55 419.90 363.51 223.03 304.50 328.00
Market value/share-average during the year Rs 452.02 587.07 504.21 374.43 392.19 378.67
Break-up value (Net assets/shares) Rs 133.16 138.53 134.12 141.86 138.67 179.89
Price to Book ratio Rs 13.32 13.86 13.41 14.18 13.87 17.99
Capital Structure Ratios
Financial leverage ratio 4 % - - - - - -
Weighted average cost of debt 4 % - - - - - -
Debt: equity ratio 4 % - - - - - -
Net Assets per share Rs 243.72 247.19 287.08 322.69 332.37 415.90
Interest cover 4 Time - - - - - -
Others
Spares Inventory as % of Assets Cost % 6.76 5.09 4.81 4.91 4.94 4.87
Maintenance Cost as % of Operating Expenses % 0.61 0.59 0.56 0.82 0.65 0.57

Notes:
1- Not applicable in view of the nature of the company's business. 3- Calculated on shares outstanding as at June 30, 2022
2- Calculated on shares outstanding as at June 30, of each year 4- Not applicable as the Company does not have debt.