Ratios	Dec 23	Dec 22	Dec 21	Dec 20
Liquidity Ratios
Current Ratio	3.79	3.79	8.59	6.97	7.07
Quick Ratio	2.79	2.79	6.75	4.65	3.34
Cash Ratio	0.54	0.54	0.58	1.32	2.14
Solvency Ratio	0.33	0.33	0.27	0.36	0.30
Operating Cash Flow Ratio	0.41	0.41	-0.18	0.55	1.77
Short-Term Operating Cash Flow Coverage	0.00	0.00	0.00	0.00	0.00
Net Current Asset Value	€ 67.60M	€ 67.60M	€ 58.62M	€ 52.46M	€ 36.98M
Leverage Ratios
Debt-to-Assets Ratio	0.00	0.00	0.00	<0.01	<0.01
Debt-to-Equity Ratio	0.00	0.00	0.00	<0.01	<0.01
Debt-to-Capital Ratio	0.00	0.00	0.00	<0.01	<0.01
Long-Term Debt-to-Capital Ratio	0.00	0.00	0.00	0.00	0.00
Financial Leverage Ratio	1.55	1.55	1.63	1.73	1.89
Debt Service Coverage Ratio	82.16	82.16	23.55	17.78	13.11
Interest Coverage Ratio	76.40	76.40	23.33	17.68	12.93
Debt to Market Cap	0.00	0.00	0.00	0.00	0.00
Interest Debt Per Share	<0.01	<0.01	0.01	0.02	0.02
Net Debt to EBITDA	-0.91	-0.91	-0.49	-1.04	-1.69
Profitability Margins
Gross Profit Margin	104.06%	104.06%	77.72%	72.63%	72.64%
EBIT Margin	8.34%	8.34%	6.55%	7.78%	6.05%
EBITDA Margin	9.54%	9.54%	7.65%	8.88%	7.22%
Operating Profit Margin	7.38%	7.38%	6.31%	7.76%	5.98%
Pretax Profit Margin	8.24%	8.24%	6.28%	7.33%	5.59%
Net Profit Margin	6.63%	6.63%	4.99%	6.27%	4.43%
Continuous Operations Profit Margin	6.64%	6.64%	5.00%	6.26%	4.43%
Net Income Per EBT	80.45%	80.45%	79.48%	85.49%	79.28%
EBT Per EBIT	111.77%	111.77%	99.51%	94.48%	93.47%
Return on Assets (ROA)	9.86%	9.86%	8.20%	12.21%	10.09%
Return on Equity (ROE)	16.29%	15.32%	13.36%	21.10%	19.05%
Return on Capital Employed (ROCE)	14.47%	14.47%	11.61%	17.50%	15.65%
Return on Invested Capital (ROIC)	11.16%	11.64%	8.00%	14.93%	12.41%
Return on Tangible Assets	9.88%	9.88%	8.25%	12.34%	10.26%
Earnings Yield	7.50%	9.25%	6.88%	9.86%	7.19%
Efficiency Ratios
Receivables Turnover	2.78	2.78	3.34	4.51	5.22
Payables Turnover	-2.29	-2.29	7.53	17.29	32.01
Inventory Turnover	-0.25	-0.25	1.87	1.69	1.28
Fixed Asset Turnover	41.52	41.52	9.44	47.41	36.11
Asset Turnover	1.49	1.49	1.64	1.95	2.28
Working Capital Turnover Ratio	2.33	2.09	2.14	2.66	3.20
Cash Conversion Cycle	-1.17K	-1.17K	256.07	276.29	343.00
Days of Sales Outstanding	131.10	131.10	109.44	80.91	69.88
Days of Inventory Outstanding	-1.46K	-1.46K	195.12	216.50	284.52
Days of Payables Outstanding	-159.57	-159.57	48.49	21.11	11.40
Operating Cycle	-1.33K	-1.33K	304.56	297.41	354.40
Cash Flow Ratios
Operating Cash Flow Per Share	0.28	0.28	-0.05	0.17	0.44
Free Cash Flow Per Share	0.23	0.23	-0.10	0.14	0.36
CapEx Per Share	0.05	0.05	0.05	0.03	0.08
Free Cash Flow to Operating Cash Flow	0.82	0.82	1.98	0.82	0.82
Dividend Paid and CapEx Coverage Ratio	3.14	3.14	-1.02	5.47	5.56
Capital Expenditure Coverage Ratio	5.67	5.67	-1.02	5.47	5.56
Operating Cash Flow Coverage Ratio	0.00	0.00	0.00	19.11K	49.04K
Operating Cash Flow to Sales Ratio	0.07	0.07	-0.01	0.04	0.10
Free Cash Flow Yield	6.25%	7.71%	-3.23%	4.90%	13.47%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	13.33	10.81	14.53	10.14	13.92
Price-to-Sales (P/S) Ratio	0.88	0.72	0.73	0.64	0.62
Price-to-Book (P/B) Ratio	2.04	1.66	1.94	2.14	2.65
Price-to-Free Cash Flow (P/FCF) Ratio	16.00	12.97	-30.92	20.40	7.42
Price-to-Operating Cash Flow Ratio	13.18	10.69	-61.11	16.67	6.09
Price-to-Earnings Growth (PEG) Ratio	0.13	0.32	-0.58	0.21	-0.02
Price-to-Fair Value	2.04	1.66	1.94	2.14	2.65
Enterprise Value Multiple	8.35	6.60	8.99	6.12	6.84
Enterprise Value	142.74M	112.78M	125.81M	105.42M	92.66M
EV to EBITDA	8.35	6.60	8.99	6.12	6.84
EV to Sales	0.80	0.63	0.69	0.54	0.49
EV to Free Cash Flow	14.42	11.39	-29.32	17.44	5.95
EV to Operating Cash Flow	11.88	9.38	-57.94	14.25	4.88
Tangible Book Value Per Share	1.80	1.80	1.58	1.32	0.99
Shareholders’ Equity Per Share	1.81	1.81	1.60	1.35	1.02
Tax and Other Ratios
Effective Tax Rate	0.19	0.19	0.20	0.15	0.21
Revenue Per Share	4.19	4.19	4.27	4.53	4.38
Net Income Per Share	0.28	0.28	0.21	0.28	0.19
Tax Burden	0.80	0.80	0.79	0.85	0.79
Interest Burden	0.99	0.99	0.96	0.94	0.92
Research & Development to Revenue	0.00	0.00	0.06	0.06	0.05
SG&A to Revenue	0.02	0.02	0.02	0.01	0.02
Stock-Based Compensation to Revenue	0.00	0.00	0.00	0.00	0.00
Income Quality	1.01	1.01	-0.24	0.61	2.29

msg life (MSGL) Ratios

msg life Ratios