MAIR · Ratios · TradingHolo

MAIR · Ratios · TradingHolo

Ratio	FY2021	FY2022	FY2023	FY2024	FY2025	Trend	YoY
Gross margin	21.4%	17.7%	18.5%	18.5%	16.4%		−2.1 pts
Operating margin	7.6%	7.7%	6.8%	6.7%	6.0%		−0.7 pts
Net margin	9.9%	17.0%	1.9%	7.4%	9.8%		+2.3 pts
EBITDA margin	16.4%	14.5%	12.4%	12.7%	12.1%		−0.6 pts
Return on equity	12.3%	13.9%	0.6%	3.6%	4.4%		+0.8 pts
Return on assets	7.8%	7.2%	0.4%	2.7%	3.4%		+0.7 pts
Return on capital employed	7.7%	3.7%	1.7%	2.7%	2.3%		−0.4 pts
Debt / equity	0.3×	0.8×	0.3×	0.2×	0.2×		−8.7%
Debt / assets	17.8%	38.9%	22.8%	15.3%	14.4%		−0.9 pts
Interest coverage	3.7×	2.5×	1.4×	1.4×	2.9×		+108.3%
Current ratio	1.6×	1.5×	2.5×	1.9×	1.7×		−11.5%
Quick ratio	1.2×	1.1×	2.1×	1.5×	1.3×		−16.5%
Cash ratio	0.6×	0.5×	0.7×	0.5×	0.3×		−38.9%
Asset turnover	0.8×	0.4×	0.2×	0.4×	0.3×		−4.0%
Inventory turnover	6.4×	6.7×	4.5×	8.2×	8.8×		+6.6%
Receivables turnover	10.6×	10.3×	7.3×	8.0×	10.7×		+34.1%
Dividend payout	78.3%	33.5%	159.5%	88.5%	77.4%		−11.1 pts

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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