Ratios	Dec 23	Dec 22	Dec 21	Dec 20
Liquidity Ratios
Current Ratio	―	1.76	1.97	1.80	2.03
Quick Ratio	―	1.76	1.97	2.54	2.89
Cash Ratio	―	0.88	0.96	0.82	0.86
Solvency Ratio	―	-0.05	0.03	<0.01	0.06
Operating Cash Flow Ratio	―	0.05	<0.01	0.16	0.23
Short-Term Operating Cash Flow Coverage	―	13.01	2.43	0.00	0.00
Net Current Asset Value	€ ―	€ 1.83M	€ 1.97M	€ 1.89M	€ 1.55M
Leverage Ratios
Debt-to-Assets Ratio	―	<0.01	<0.01	<0.01	<0.01
Debt-to-Equity Ratio	―	<0.01	<0.01	<0.01	<0.01
Debt-to-Capital Ratio	―	<0.01	<0.01	<0.01	<0.01
Long-Term Debt-to-Capital Ratio	―	0.00	0.00	0.00	<0.01
Financial Leverage Ratio	―	2.32	2.09	2.26	2.33
Debt Service Coverage Ratio	―	-13.75	6.93	3.02	20.18
Interest Coverage Ratio	―	0.00	4.63	37.12	13.13
Debt to Market Cap	―	<0.01	<0.01	0.00	<0.01
Interest Debt Per Share	―	0.02	0.02	0.03	0.02
Net Debt to EBITDA	―	21.22	-25.24	-13.74	-8.79
Profitability Margins
Gross Profit Margin	―	43.28%	19.15%	68.10%	72.65%
EBIT Margin	―	-1.67%	0.39%	5.30%	1.24%
EBITDA Margin	―	-1.34%	1.00%	1.79%	2.61%
Operating Profit Margin	―	-1.06%	0.54%	5.54%	1.54%
Pretax Profit Margin	―	-1.67%	0.46%	5.39%	1.43%
Net Profit Margin	―	-2.03%	0.38%	3.56%	0.80%
Continuous Operations Profit Margin	―	-2.14%	0.39%	3.82%	0.87%
Net Income Per EBT	―	121.99%	82.49%	66.12%	55.97%
EBT Per EBIT	―	156.58%	85.67%	97.31%	92.40%
Return on Assets (ROA)	―	-3.17%	0.65%	5.82%	1.27%
Return on Equity (ROE)	―	-7.35%	1.36%	13.14%	2.95%
Return on Capital Employed (ROCE)	―	-3.37%	1.67%	17.70%	4.27%
Return on Invested Capital (ROIC)	―	-4.31%	1.69%	13.31%	3.54%
Return on Tangible Assets	―	-3.42%	0.70%	6.29%	1.38%
Earnings Yield	―	-3.89%	0.70%	6.57%	1.75%
Efficiency Ratios
Receivables Turnover	―	6.09	7.24	6.14	5.99
Payables Turnover	―	6.76	12.88	4.17	4.95
Inventory Turnover	―	0.00	3.36M	-1.44	-1.19
Fixed Asset Turnover	―	361.37	289.78	191.52	179.26
Asset Turnover	―	1.56	1.71	1.63	1.59
Working Capital Turnover Ratio	―	3.87	4.01	4.15	3.70
Cash Conversion Cycle	―	5.88	22.06	-281.11	-320.58
Days of Sales Outstanding	―	59.90	50.39	59.40	60.98
Days of Inventory Outstanding	―	0.00	<0.01	-253.07	-307.77
Days of Payables Outstanding	―	54.02	28.33	87.45	73.79
Operating Cycle	―	59.90	50.39	-193.66	-246.79
Cash Flow Ratios
Operating Cash Flow Per Share	―	0.26	0.01	0.79	0.90
Free Cash Flow Per Share	―	-0.88	-2.11	0.75	0.85
CapEx Per Share	―	1.14	2.12	0.05	0.06
Free Cash Flow to Operating Cash Flow	―	-3.35	-187.86	0.94	0.94
Dividend Paid and CapEx Coverage Ratio	―	0.23	<0.01	16.24	11.55
Capital Expenditure Coverage Ratio	―	0.23	<0.01	16.92	15.93
Operating Cash Flow Coverage Ratio	―	13.01	2.43	202.80	208.67
Operating Cash Flow to Sales Ratio	―	0.02	<0.01	0.05	0.06
Free Cash Flow Yield	―	-11.01%	-23.96%	8.34%	12.91%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	-25.74	142.63	15.21	57.00
Price-to-Sales (P/S) Ratio	―	0.52	0.54	0.54	0.45
Price-to-Book (P/B) Ratio	―	1.89	1.94	2.00	1.68
Price-to-Free Cash Flow (P/FCF) Ratio	―	-9.08	-4.17	12.00	7.75
Price-to-Operating Cash Flow Ratio	―	30.47	784.09	11.29	7.26
Price-to-Earnings Growth (PEG) Ratio	―	0.04	-1.59	0.03	-6.84
Price-to-Fair Value	―	1.89	1.94	2.00	1.68
Enterprise Value Multiple	―	-17.79	29.22	16.60	8.61
Enterprise Value	―	1.87M	2.42M	2.51M	1.66M
EV to EBITDA	―	-17.79	29.22	16.60	8.61
EV to Sales	―	0.24	0.29	0.30	0.23
EV to Free Cash Flow	―	-4.14	-2.24	6.56	3.83
EV to Operating Cash Flow	―	13.90	420.72	6.18	3.59
Tangible Book Value Per Share	―	3.91	3.45	3.42	2.78
Shareholders’ Equity Per Share	―	4.23	4.54	4.48	3.89
Tax and Other Ratios
Effective Tax Rate	―	-0.28	-0.01	0.25	0.17
Revenue Per Share	―	15.29	16.23	16.51	14.40
Net Income Per Share	―	-0.31	0.06	0.59	0.11
Tax Burden	―	1.22	0.82	0.66	0.56
Interest Burden	―	1.00	1.18	1.02	1.15
Research & Development to Revenue	―	0.00	0.00	0.00	0.00
SG&A to Revenue	―	0.00	0.00	0.00	0.00
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	-0.80	0.18	1.26	7.22

Pacte Novation (MLPAC) Ratios

Pacte Novation Ratios