Financial Highlights and Market Update
Financial Highlights (3/3)
Asset Turnover Ratio (1)(2)
Focus on Capital efficiency and healthy return ratios
ROCE (ex-cash) (3) / ROCE (4) / RONW (5)
(%)
0.8
0.7
0.7
3.6
3.1
2.8
49%
32%
Ж
33%
(8)
Total asset turnover
Fixed asset turnover
Q1 FY21
Q1 FY21 ■FY21
■ Q1 FY22
Cash Flow from Operations
(INR Mn)
2,931
Q1 FY21
*ROCE (Ex-Cash)
42%
35%
*
*
23%
21%
23%
21%
(8)
FY21
Q1 FY22
ROCE
RONW
Cash Conversion Cycle (CCC) (6)(7)
(# of Days)
1,813
65 67
64
Q1 FY22
178 184
276
Receivable days
Inventory days
234
192
170
106
73
59
Payable days
Cash conversion
cycle
Q1 FY21 ■FY21 Q1 FY22
5
Note: (1) Asset Turnover is calculated as Total Income for the period divided by average total assets for the period; (2) Fixed Asset Turnover is calculated as Total Income for the period divided by average total fixed assets for the period (Property, plant and equipment + Right-of-use assets + Capital work in
progress); (3) ROCE (ex cash) = (EBIT - Taxes- Interest Income (net of taxes)) / Average Capital Employed for the period. Capital Employed represents Total Assets (excluding Cash and Bank balances) - Current Liabilities (4) Return on Capital Employed (ROCE) = (EBIT - Taxes)/ Average Capital Employed
for the period. Capital Employed represents Total Assets - Current Liabilities; (5) Return on Net Worth (RONW) = Profit for the period / Average Net Worth for the period. Net Worth represents sum of equity share capital and other equity; (6) COGS mean cost of goods sold includes cost of materials consumed,
purchases of traded goods, change in inventories of finished goods, traded goods and work-in-progress and manufacturing overheads; (7) Receivable days calculated as average trade receivables for the period divided by revenue from operations * over 90/360 days (as applicable), Inventory days calculated
as average inventory for the period divided by COGS* over 90/360 days (as applicable), & Payable days calculated as average trade payable for the period divided by COGS* over 90/360 days (as applicable). CCC calculated as Receivable days + Inventory days - Payable days; (8) Annualised
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