Gtl Ltd
Ratios
Returns X-Ray — ROE vs ROCE vs ROA
| Year | ROE | ROCE | ROA |
|---|---|---|---|
| FY2021 | — | — | 23.4% |
| FY2020 | — | — | -11.3% |
| FY2019 | — | — | -133.9% |
| FY2018 | — | — | -45.5% |
| FY2017 | — | — | -62.5% |
| FY2016 | — | — | -119.2% |
Computed from reported annual figures: ROE = net profit ÷ year-end equity; ROCE = (PBT + interest) ÷ (equity + borrowings); ROA = net profit ÷ total assets. Year-end balances, so values can differ slightly from sites that use averages. Educational data only.
Working-Capital Days
Number of daysDebtor DaysInventory DaysDays Payable
How to read this: these lines track how the company manages day-to-day cash. Debtor days is how long customers take to pay; inventory days is how long stock sits before selling; days payable is how long the company takes to pay its own suppliers. Fewer debtor and inventory days generally means cash comes in faster; more days payable means the company holds its cash longer. The right level varies a lot by industry, so the trend over time matters more than any single number.
| Period | Debtor Days | Inventory Days | Days Payable | Cash Conversion Cycle | Working Capital Days | ROCE % |
|---|---|---|---|---|---|---|
| FY2010 | 60 | 72 | 208 | -76 | 189 | 13 |
| 2011Jun | 94 | 55 | 193 | -43 | 75 | 16 |
| FY2012 | 225 | 112 | 149 | 188 | 366 | — |
| FY2013 | 179 | 678 | 663 | 194 | -98 | 0 |
| FY2014 | 206 | 180 | 332 | 55 | -541 | 3 |
| FY2015 | 120 | 145 | 612 | -347 | -737 | -6 |
| FY2016 | 46 | 32 | 587 | -508 | -1,428 | — |
| FY2017 | 23 | — | — | 23 | -2,093 | — |
| FY2018 | 0 | — | — | 0 | -2,646 | — |
| FY2019 | 0 | — | — | 0 | -12,525 | — |
| FY2020 | 0 | — | — | 0 | -12,773 | — |
| FY2021 | 0 | — | — | 0 | -12,176 | — |
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Debtor Days
- The average number of days the company takes to collect payment from its customers after a sale.How a beginner reads it: A beginner reads fewer days as cash coming in faster. A rising trend can mean customers are taking longer to pay, which ties up cash; readers compare it to the company's own past and to peers.
- Inventory Days
- The average number of days goods sit as inventory before being sold.How a beginner reads it: A beginner reads lower inventory days as stock moving quickly. A rising trend can signal slowing sales or overstocking; the right level varies a lot by industry, so comparison matters.
- Days Payable
- The average number of days the company takes to pay its own suppliers.How a beginner reads it: A beginner reads more days as the company holding onto cash longer — useful, within reason. Reading it next to debtor days shows whether the company collects from customers faster than it pays suppliers.
- Cash Conversion Cycle
- The number of days it takes to turn money spent on inventory back into cash from customers: inventory days plus debtor days minus days payable.How a beginner reads it: A beginner reads a shorter cycle as cash being tied up for less time. A negative cycle — paying suppliers after collecting from customers — is generally a sign of strong working-capital efficiency.
- Working Capital Days
- How many days of sales are tied up in the day-to-day running of the business (receivables and inventory, net of payables).How a beginner reads it: A beginner watches the trend: fewer days means less cash locked into operations. A steadily rising figure can mean growth is consuming more and more cash to sustain.
- ROCE %
- Return on Capital Employed — operating profit as a percentage of the total capital (equity plus debt) the business uses. It measures how efficiently the company turns all its capital into operating profit.How a beginner reads it: A beginner uses ROCE to judge how well a company uses every rupee of capital, regardless of how it is financed. Consistency over many years often matters more to readers than a single high year.