Financial Year Ended 31 December 2023 2022 2021 2020 2019
  12 months
Audited
12 months
Audited
12 months
Audited
12 months
Audited
12 months
Audited
 
Key Financials          
Revenue (RM'000) 548,644 437,954 344,334 168,261 43,157
Gross Profit (GP) (RM'000) 87,342 61,629 41,891 32,421 3,395
Earnings Before Interest, Tax, Depreciation & Amortisation (EBITDA) (RM'000) 85,812 68,141 41,305 32,594 5,064
Profit Before Taxation (PBT) (RM'000) 57,700 40,844 25,355 22,697 1,123
Profit After Taxation (PAT) (RM'000) 44,342 33,540 26,264 20,232 3,818
PAT Attributable to the Owners of The Company (RM'000) 44,377 33,540 26,264 20,232 3,818
Total Assets (RM'000) 773,673 484,339 402,140 257,166 100,983
Total Equity (RM'000) 455,156 195,025 169,562 81,368 21,009
 
Key Ratios          
GP Margin (1) (%) 15.92 14.07 12.17 19.27 7.87
EBITDA Margin (2) (%) 15.64 15.56 12.00 19.37 11.73
PBT Margin (3) (%) 10.52 9.33 7.36 13.49 2.60
PAT Margin (4) (%) 8.08 7.66 7.63 12.02 8.85
Basic Earnings Per Share (EPS) (5) (sen) 4.47 3.63 2.85 2.19 0.41
Average Trade Receivables Turnover (6) (days) 107 94 86 146 315
Average Trade Payables Turnover (7) (days) 69 56 61 129 244
Average Inventories Turnover (8) (days) 41 35 37 42 21
Current Ratio (9) (times) 2.72 1.54 1.52 1.36 1.11
Gearing Ratio (10) (times) 0.39 0.98 0.92 1.16 0.99

Notes:

(1) Computed based on GP divided by revenue.
(2) Computed based on EBITDA divided by revenue.
(3) Computed based on PBT divided by revenue.
(4) Computed based on PAT divided by revenue.
(5) Calculated based on PAT over the issued share capital of 992,000,000 shares after considering the private placement of 69,000,000 new ordinary shares on 12 December 2023. The number of ordinary shares used in calculating the comparative figures have been restated to reflect the enlarged number of shares of 923,000,000 after the listing of Company on 10 March 2023.
(6) Computed based on the average trade receivables over revenue of the respective financial year multiplied by 365 days.
(7) Computed based on the average trade payables over the cost of sales of the respective financial year multiplied by 365 days.
(8) Computed based on the average inventory over the cost of sales of the respective financial year multiplied by 365 days.
(9) Computed based on current assets over current liabilities.
(10) Computed based on total borrowings including lease liabilities and interest-bearing advances from third parties divided by total equity.

* Please read this section in conjunction with Cape EMS Berhad’s Prospectus dated 16 February 2023 and latest Annual Report.