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AirAsia BHD

This document contains financial data for AirAsia from 2009 to 2011. It shows that from 2009 to 2010: - Return on capital employed increased from 10.29% to 16.43%, with profit before interest and tax rising. - Fixed asset turnover ratio grew from 0.39 to 0.42 times, indicating more effective use of assets. - Gearing ratio declined from 72.93% to 68.03%, meaning AirAsia used less borrowed funds. - Interest cover decreased from 2.66 to 2.42 times, suggesting a higher level of financial risk.

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PhuiWoon Tan
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28 views2 pages

AirAsia BHD

This document contains financial data for AirAsia from 2009 to 2011. It shows that from 2009 to 2010: - Return on capital employed increased from 10.29% to 16.43%, with profit before interest and tax rising. - Fixed asset turnover ratio grew from 0.39 to 0.42 times, indicating more effective use of assets. - Gearing ratio declined from 72.93% to 68.03%, meaning AirAsia used less borrowed funds. - Interest cover decreased from 2.66 to 2.42 times, suggesting a higher level of financial risk.

Uploaded by

PhuiWoon Tan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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AlrAsla 8hd 1lger Alrways

?ear 2009 2010 2011 2009 2010 2011


8eLurn Cn
CaplLal
Lmployed
1029 1643 3981 737 1009
neL proflL
before
lnLeresL and
Lax
3183 4749 1232 427
llxed asseLs
Lurnover
raLlo
039 Llmes 042 Llmes 303 Llmes 132 Llmes
Cearlng
8aLlo
7293 6803 3836 4683 6814
lnLeresL
cover
266 Llmes 242 Llmes 13923
Llmes
2634 Llmes
rlce
Larnlngs
8aLlo
0039
Llmes
0046 Llmes 026 Llmes 018 Llmes
ulvldend
?leld
0 1196 0 0 0


ROCE has increased by 6.16, Irom 10.29 to 16.45. Separating this ratio into its
component parts, we can see that there has been improvement in the proIit beIore interest
and tax ratio, Irom 31.83 to 47.49. The Iixed assets turnover ratio also increased Irom
0.39 times to 0.42 times. This means that AirAsia made more eIIective use oI its assets in
2010 than in 2009.
The gearing ratio has declined Irom 72.95 to 68.05. This indicates AirAsia use less
borrowed Iunds in 2010 than in 2009 to Iinance its activities. (Page 36). The interest
cover also decreased Irom 2.66 times Irom 2.42 times. This shows AirAsia more likely
the chance that interest payments will not be met; hence it might associate with higher
level oI Iinancial risk.
0.55 2010
0.71 2009

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