ASICS
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.1311.767.066.17-3.3011.83-5.7312.096.6023.0043.24-3.30
Price/Sales ratio
0.440.280.270.200.170.220.280.280.271.423.620.17
Price/Book Value ratio
0.730.600.540.400.400.550.730.770.763.959.100.40
Price/Cash Flow ratio
23.006.582.892.156.075.674.782.31-6.129.0091.526.07
Price/Free Cash Flow ratio
-150.0715.873.823.4924.8524.739.092.87-3.9910.8990.5724.85
Price/Earnings Growth ratio
0.53-0.320.13-0.370.01-0.080.01-0.070.05-0.410.010.01
Dividend Yield
1.54%3.69%4.05%5.56%N/A5.39%3.55%5.79%3.90%1.10%0.00%5.39%
Profitability Indicator Ratios
Gross Profit Margin
43.82%42.50%44.23%45.80%46.71%47.53%46.47%49.45%49.67%52.04%53.14%46.71%
Operating Profit Margin
8.05%6.40%6.38%4.89%2.71%2.81%-1.58%5.43%7.01%9.50%12.78%2.71%
Pretax Profit Margin
8.40%4.02%5.54%5.45%-3.69%2.70%-4.88%3.49%5.92%8.86%12.08%-3.69%
Net Profit Margin
4.89%2.38%3.89%3.24%-5.25%1.87%-4.90%2.32%4.10%6.18%8.46%-5.25%
Effective Tax Rate
37.73%40.19%28.52%39.37%-40.68%27.75%-0.40%33.57%30.28%29.89%29.78%-40.68%
Return on Assets
4.52%2.98%4.54%3.72%-6.67%2.24%-4.83%2.71%4.67%7.59%10.19%-6.67%
Return On Equity
8.01%5.15%7.77%6.48%-12.30%4.66%-12.73%6.42%11.63%17.19%23.36%-12.30%
Return on Capital Employed
9.52%10.55%9.27%7.16%5.06%4.52%-2.25%8.50%12.38%16.91%22.00%5.06%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.32N/A
Quick Ratio
2.121.932.392.251.561.491.451.851.061.401.491.49
Cash ratio
0.700.620.941.050.700.480.801.090.440.790.670.48
Days of Sales Outstanding
85.4261.3362.3363.5861.1361.5054.35N/A51.0639.60N/A61.50
Days of Inventory outstanding
198.09147.16144.58145.46157.80171.43182.71143.04202.90161.76160.28157.80
Operating Cycle
283.52208.50206.91209.05218.93232.93237.06143.04253.96201.37160.28232.93
Days of Payables Outstanding
53.7841.2837.1651.7355.1961.7968.4254.4366.8558.6070.2955.19
Cash Conversion Cycle
229.73167.21169.75157.32163.73171.14168.6388.61187.11142.7789.99171.14
Debt Ratios
Debt Ratio
0.200.140.160.150.160.140.260.220.220.170.120.14
Debt Equity Ratio
0.360.250.280.270.310.300.700.530.550.400.260.30
Long-term Debt to Capitalization
0.220.160.210.200.100.200.330.330.250.230.190.10
Total Debt to Capitalization
0.270.200.220.210.230.230.410.340.350.280.200.23
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A14.94N/A
Cash Flow to Debt Ratio
0.080.350.660.660.210.310.210.63-0.221.090.370.21
Company Equity Multiplier
1.761.731.711.741.842.072.632.362.482.262.061.84
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.040.090.090.020.030.050.12-0.040.150.030.02
Free Cash Flow / Operating Cash Flow Ratio
-0.150.410.750.610.240.220.520.801.530.8210.24
Cash Flow Coverage Ratio
0.080.350.660.660.210.310.210.63-0.221.090.370.21
Short Term Coverage Ratio
0.411.7813.046.650.352.310.739.45-0.574.503.830.35
Dividend Payout Ratio
14.11%43.51%28.62%34.37%N/A63.84%-20.42%70.08%25.77%25.41%N/A63.84%