Financial Highlights
Scroll
| For the year ended 31 December | ||
| 2023 | 2022 | |
|---|---|---|
| Key Financial Information (US$’000) | ||
| Revenue | 2,177,329 | 2,490,966 |
| Cost of sales | 1,759,548 | 2,027,616 |
| Gross Profit | 417,781 | 463,350 |
| Profit for the period | 164,122 | 173,229 |
| Key Financial Ratios | ||
| Gross profit margin (%) | 19.2% | 18.6% |
| Net profit margin (%) | 7.5% | 7.0% |
Scroll
| At 31 December | ||
| 2023 | 2022 | |
|---|---|---|
| Key Financial Information (US$’000) | ||
| Total assets | 1,974,562 | 1,894,965 |
| Total liabilities | 535,660 | 549,666 |
| Total equity | 1,438,902 | 1,345,299 |
| Net debt (note a) | - | - |
| Bank balances and cash | 543,444 | 455,056 |
| Key Financial Ratios | ||
| Net debt to equity ratio (%) (note b) | - | - |
| Cash conversion cycle (days) (note c) | 69 | 63 |
Notes:
(Extracted from 2023 Annual Report)
- Net debt represents total interest-bearing bank borrowings less short-term bank deposit and bank balances and cash.
- Net debt to equity ratio represents total interest-bearing bank borrowings less short-term bank deposit and bank balances and cash, divided by total equity.
- Cash conversion cycle represents inventory turnover days plus trade and bills receivables turnover days, less trade and bills payables turnover days.
(Extracted from 2023 Annual Report)