Profitability and Market Ratios _BlueScope

(Profit after Tax attributable to

Return on Equity Shareholders / Average Equity) x 100

Return on Assets (After Tax) (Profit after Tax/ Average Assets)x 100

Gross Profit Margin (Gross Profit / Sales Revenue) x 100

(Operating Expense / Sales Revenue) x

Operating Expense Ratio 100

(Profit before Interest and Tax / Sales

Operating Profit Margin Revenue)x 100

Profit Margin (Profit after Tax/ Total Revenue) x 100

Earnings per share EPS taken from annual report

Dividends per share DPS

Dividend Payout Ratio DPS/EPS x 100

Share price Share price last day of reporting year

Share price last day of reporting year /

Price earnings ratio EPS
ility and Market Ratios _BlueScope Steel

Average for
2023 2022 Industry 2023

(Profit after Tax attributable to (Profit after Tax attributable to

Shareholders 2023)/((Equity 2023 + Shareholders 2022)/((Equity 2022 +
Equity 2022)/2)*100 Equity 2021)/2)*100
1009.2/((11030.7+10448.1/2)*100 2810.1/((10448.1+8160.4)/2)*100
9.39717302642606 30.2023
9.39% 30.20% 9.17%

(Profit after Tax 2023)/(( Assets (Profit after Tax 2022)/((Assets

2023 + Assets 2022)/2)x100 2022 + Assets 2021)/2) x100
1092.7/((15935.1+16610.5)/2)*100 2980/((16610.5+13149.0)/2)*100
6.71488619045278 20.0272181992305
6.71% 20.03% 6.18%

(Gross Profit 2023 / Sales Revenue (Gross Profit 2022 / Sales

2023) x 100 Revenue 2022) x 100
6691.4/18242.5*100 8263.8/18990.9*100
36.6802795669453 43.5145253779442
36.68% 43.51%

(Operating Expense 2023 / Sales (Operating Expense 2022 / Sales

Revenue 2023) x 100 Revenue 2022) x 100
5226.7/18242.5*100 4435.9/18990.9*100
28.6512265314513 23.3580293719624
28.65% 23.36%

(Profit before Interest and Tax 2023 (Profit before Interest and Tax
/ Sales Revenue 2023) x 100 2022 / Sales Revenue 2022) x 100
1464.7/18242.5*100 3827.9/18990.9*100
8.02905303549404 20.1564960059818
8.03% 20.15%
(Profit after Tax 2022 /
(Profit after Tax 2023 / Total Revenue 2022) x
Total Revenue 2023) x 100 100
1092.7/18435.1*100 2980/19146.3*100
5.92728002560333 15.5643649164591
5.93% 15.69% 5.31%

$2.174 $5.715 $1.45

 $0.500 $0.5

23.00% 8.75%

$20.55 $15.90

9.45 times 2.78 times

2.66666666666667
 Efficiency Ratios

Asset Turnover Total Revenue / Average Assets

Inventory Turnover Cost of Sales / Average Inventory

Days Inventory Average Inventory / Cost of Sales x 365

Accounts Receivable Turnover Sales Revenue / Average Trade Receivables

Days Accounts Receivable Average Trade Receivables / Sales Revenue x 365

Days Accounts Payable Average Trade Payables / Cost of Sales x 365

Efficiency Ratios

2023 2022
(Total Revenue 2023)/(( Assets 2023 + (Total Revenue 2022)/((Assets 2022 +
Assets 2022)/2) Assets 2021)/2)
18435.1/((15935.1+16610.5)/2) 19146.3/((16610.5+13149.0)/2)
1.13 1.2867
1.13 times 1.29 times

Cost of Sales / ((Inventory 2023 + Cost of Sales / ((Inventory 2022 +

Inventory 2022) /2) Inventory 2021) /2)
11551.1/((3141+3699)/2) 10727.1/((3699.0+2318.2)/2)
3.37751461988304 3.56547896031377
3.38 times 3.57 times

((Inventory 2023 + Inventory 2022) /2) / ((Inventory 2022 + Inventory 2021)

Cost of Sales x 365 /2) / Cost of Sales x 365
((3141+3699)/2)/11551.1*365 ((3699.0+2318.2)/2)/10727.1*365
108.067629922691 102.370538169682
108.07 days 102.37 days

(Sales Revenue 2023)/ (( Trade (Sales Revenue 2022)/ (( Trade

Receivables 2023 + Trade Receivables 2022 + Trade
Receivables 2022)/2) Receivables 2021)/2)
18242.5/((1713.1+1990.9)/2) 18990.9/((1990.9 + 1497.1)/2)
9.85016198704104 10.8892775229358
9.85 times 10.89 times

(( Trade Receivables 2023 + Trade (( Trade Receivables 2022 + Trade

Receivables 2022)/2)/Sales Revenue Receivables 2021)/2)/Sales Revenue
2023 x 365 2022 x 365
((1713.1+1990.9)/2)/18242.5*365 ((1990.9 + 1497.1)/2)/18990.9*365
37.0552281759627 33.5192118330358
37.06 days 33.51days

(( Trade Payables 2023 + Trade (( Trade Payables 2022 + Trade

Payables 2022)/2)/Cost of Sales 2023 Payables 2021)/2)/Cost of Sales 2022
x 365 x 365
((1747.5+2151.2)/2)/11551.1*365 ((2151.2+1735.7)/2)/10227.1*365
61.5969691198241 69.3607425369851
61.60 days 69.36 days
 Average for
Industry 2023

1.16 times

3.90 times

93.69 days

12.5 times

29.20 days

45.25 days
 Liquidity Ratios

Current Ratio Total Current Assets / Total Current Liabilities

Quick Ratio (Total Current Assets - Inventory) / Total Current Liabilities

Net Cash from Operating Activities / Total Current

Cash flow Ratio Liabilities

Cash Ratio Cash / Total Current Liabilities

idity Ratios

Average for
2023
Current Assets 2022
Current Assets 2022 Industry 2023
2023/ Current / Current Liabilities
Liabilities 2023 2022
6757.8/3474.4 7883.8/4743.1
1.94502647939213 1.66216187725327
1.96:1 1.66:1 1.88:1
(Current Assets 2023 - (Current Assets 2022 -
Inventory 2023) / Inventory 2022) /
Current Liabilities Current Liabilities
2023 2022
(6757.8 - 3141)/3474.4 (7883.8 -3699) /4743.1
1.04098549389823 0.882292171786384
1.04:1 0.88:1 1:1

Net Cash from Net Cash from

Operating Activities Operating Activities
2023 / Total Current 2022 / Total Current
Liabilities 2023 Liabilities 2022
2150.9/3474.4 2472.0/4743.1
0.619070918719779 0.521178132445025
0.62 0.52
Cash 2023 / Total Cash 2022/ Total
Current Liabilities Current Liabilities
2023 2022
1489.8/3474.4 1682.7/4743.1
0.428793460741423 0.354767978748076
0.43 0.35 0.38
 Gearing Ratios/Capital Structu

Debt to Equity Total Liabilities / Total Equity

Debt Ratio Total Liabilities / Total Assets

Equity Ratio Equity / Total Assets

Profit Before Interest and Tax / Interest

Interest Coverage Ratio Expense
Gearing Ratios/Capital Structure Ratios

2023 2022
Total Liabilities 2023/Total Equity 2023 Total Liabilities 2022/Total Equity 2022
4904.4/11030.7 6162.4/10448.1
0.444613669123446 0.589810587570946
44.46% 58.98%

Total Liabilities 2023/Total Assets 2023 Total Liabilities 2022/Total Assets 2022
4904.4/15935.1 6162.4/16610.5
0.307773405877591 0.370994250624605
0.3078 0.3710

Equity 2023/ Total Assets 2023 Equity 2022 / Total Assets 2022
11030.7/15935.1 10448.1/16610.5
0.692226594122409 0.629005749375395
0.6922 0.6290

Profit Before Interest and Tax 2023 / Profit Before Interest and Tax 2022 /
Interest Expense 2023 Interest Expense 2022
1464.7/55.9 3827.9/54.5
26.2021466905188 70.2366972477064
26.20 times 70.24 times
 Average for
Industry 2023

48.87%

0.3264

0.6736

15.95 times