Page 31 - PWA_2023_Annual_Report

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Financial Ratio Analysis

Pro tability
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The net profit margin was 16.88% and the within one year. The average debt collection period
operating profit margin was 22.79%, increasing from in 2023 was 10 days, decreasing 1 day from the year
2022. This was a result of the increasing profit from 2022 due to the decrease in average receivables in
the increase of PWA operating income in 2023, 2023, while the revenue from the sale of water and
mainly from the increase in residential water services increased.
distribution with the decrease in operating expenses
for production materials. Financial Structure and Debt Obligations
The debt ratio and the debt-to-equity ratio as
Operational Efficiency of September 30, 2023, were equal to 0.69 times
The return on assets was 3.41%, increasing and 2.21 times, respectively. The debt ratio was
from 2022 due to the increase in net profit. equal to 2022, while the debt-to-equity ratio
decreased. This was because, in 2023, PWA
Liquidity redeemed bonds due within one year. The interest
The current ratio was 1.22 times, decreasing coverage ratio in 2023 was equal to 3.86, increasing
when compared to 2022 due to PWA’s current assets from the previous year caused by the increase in
increased from other current financial assets and the operating profit. PWA, therefore, still has operating
current liabilities increased from long-term loans due profit sufficient for interest payment.