Profitability Stability Analysis

Profitability Stability Analysis

○ Kia Motors Growth Analysis

(Unit : %)

Kia Motors Growth Analysis
Consolidated 2013 2014 2015 2016 Trailing Q4
Sales Growth 0.8 -1.1 5.1 6.4 0.4
Gross Profit Growth -5.8 -7.4 5.6 5.7 -1.0
EBITDA Growth -4.5 -10.7 -3.4 9.8 -4.7
Operating Profit Growth -9.8 -19.0 -8.5 4.6 -10.2
Profit before Income Taxes Growth -6.5 -21.0 -18.8 11.0 -8.1
Net Profit Growth -1.2 -21.6 -12.1 4.7 -6.5
Net Profit (CI) Growth -1.2 -21.6 -12.1 4.7 -6.5
Total Assets Growth 11.7 13.4 12.0 10.7 2.3
Current Assets Growth 20.9 23.6 10.4 13.7 7.3
Tangible Assets Growth 0.6 3.5 28.9 3.5 -2.6
Shareholders' Equity Growth 20.2 11.0 7.7 9.8 -0.4
Kia Motors Growth Analysis
Parent-based 2013 2014 2015 2016 Trailing Q4
Sales Growth 1.2 5.4 9.5 -3.2 0.8
Gross Profit Growth -2.2 -0.2 21.0 -0.8 -1.8
EBITDA Growth -2.5 1.6 42.2 -5.4 -3.8
Operating Profit Growth -9.9 -3.2 60.0 -15.2 -7.8
Profit before Income Taxes Growth 13.2 -5.6 8.1 -18.7 -13.2
Net Profit Growth 23.3 -8.1 3.1 -17.0 -16.8
Comprehensive Income Growth 21.4 -10.2 -5.8 -5.0 -11.6
Total Assets Growth 9.7 12.8 12.4 6.8 5.2
Current Assets Growth 26.1 28.3 12.5 9.2 14.3
Tangible Assets Growth 1.9 5.3 29.1 1.2 -0.2
Shareholders' Equity Growth 15.4 11.4 8.4 7.8 1.7

○ Kia Motors Profitability Analysis

(Unit : %)

Kia Motors Profitability Analysis
Consolidated 2013 2014 2015 2016 Trailing Q4
Gross Profit Margin 21.2 19.8 19.9 19.8 19.5
EBITDA Margin 9.2 8.3 7.6 7.9 7.5
Operating Profit Margin 6.7 5.5 4.8 4.7 4.2
Pretax Income Margin 10.1 8.1 6.3 6.5 6.0
Net Income Margin 8.0 6.4 5.3 5.2 4.9
Return on Equity (ROE) 20.6 14.0 11.3 10.8 9.7
Return on Asset (ROA) 11.1 7.8 6.0 5.7 5.0
Return on Invested Capital 37.9 27.9 20.5 16.3 14.2
Kia Motors Profitability Analysis
Parent-based 2013 2014 2015 2016 Trailing Q4
Gross Profit Margin 20.2 19.2 21.2 21.7 21.2
EBITDA Margin 8.2 7.9 10.3 10.0 9.6
Operating Profit Margin 5.2 4.8 7.0 6.2 5.6
Pretax Income Margin 10.4 9.4 9.2 7.8 6.7
Net Income Margin 9.3 8.1 7.6 6.5 5.4
Return on Equity (ROE) 16.4 13.3 12.5 9.6 7.6
Return on Asset (ROA) 10.3 8.5 7.8 5.9 4.6
Return on Invested Capital 21.7 17.7 20.6 15.1 12.3

○ Kia Motors Stability Analysis

(Unit : %)

Kia Motors Stability Analysis
Consolidated 2013 2014 2015 2016 Trailing Q4
Shareholders' Equity to Total Assets 56.0 54.8 52.6 52.2 50.9
Current Assets Ratioh 1.2 1.4 1.3 1.3 1.3
Quick Ratio 0.8 0.9 0.7 0.7 0.8
Cash Ratio 0.6 0.6 0.5 0.5 0.6
Debt to Equity Ratio 78.6 82.5 90.0 91.5 96.6
Current Liabilities Ratio 53.4 53.3 60.2 61.1 63.8
Interest-bearing Liabilities to Equity 16.4 20.9 26.1 30.4 34.1
Interest-bearing Liabilities to Total Assets 9.2 11.4 13.7 15.9 17.3
Net-Debt to Equity -15.0 -11.6 -3.0 -2.0 -2.4
Debt to EBITDA 3.6 4.4 5.3 5.6 6.3
Interest Coverage Ratio 35.4 44.9 26.4 17.7 13.5
Kia Motors Stability Analysis
Parent-based 2013 2014 2015 2016 Trailing Q4
Shareholders' Equity to Total Assets 64.2 63.3 61.1 61.7 59.6
Current Assets Ratioh 1.2 1.5 1.3 1.4 1.5
Quick Ratio 1.0 1.3 1.2 1.3 1.3
Operating Profit Growth 0.7 0.8 0.7 0.8 0.8
Debt to Equity Ratio 55.9 57.9 63.7 62.2 37.8
Current Liabilities Ratio 41.1 37.6 44.6 43.0 45.0
Interest-bearing Liabilities to Equity 16.1 21.5 23.8 27.7 32.8
Interest-bearing Liabilities to Total Assets 10.3 13.6 14.5 17.1 19.6
Net-Dabet to Equity -11.9 -8.9 -4.4 -4.6 -2.6
Debt to EBITDA 2.1 2.4 2.0 2.2 2.5
Interest Coverage Ratio 23.6 40.4 34.8 18.6 14.3

○ Kia Motors Activity Analysis

(Unit: X, Days)

Kia Motors Activity Analysis
Consolidated 2013 2014 2015 2016 Trailing Q4
Asset Turnover Ratio 1.4 1.2 1.1 1.1 1.0
Shareholders' Equity Turnover Ratio 2.6 2.2 2.1 2.1 2.0
Tangible Asset Turnover Ratio 4.9 4.7 4.3 4.0 4.0
Inventory Turnover Ratio 8.8 7.3 5.8 5.1 4.7
Receivable Turnover Ratio 24.6 21.0 20.6 22.0 21.8
Payable Turnover Ratio 7.4 6.8 6.7 7.0 6.9
Days of inventory on hand 42 50 63 71 77
Days of Sales Outstanding 15 17 18 17 17
Days of payables 50 54 54 52 53
Opearting Cycle 56 68 81 88 94
Cash Conversion Cycle 7 14 27 36 41
Kia Motors Activity Analysis
Parent-based 2013 2014 2015 2016 Trailing Q4
Asset Turnover Ratio 1.1 1.0 1.0 0.9 0.9
Shareholders' Equity Turnover Ratio 1.8 1.6 1.6 1.5 1.4
Tangible Asset Turnover Ratio 3.8 3.9 3.6 3.1 3.1
Inventory Turnover Ratio 19.5 19.9 21.4 20.8 18.3
Receivable Turnover Ratio 13.9 10.8 8.2 7.0 6.9
Payable Turnover Ratio 6.8 7.1 7.3 6.8 7.0
'Days of inventory on hand 19 18 17 18 20
Days of Sales Outstanding 26 34 45 52 53
Days of payables 54 51 50 54 52
Opearting Cycle 45 52 62 70 73
Cash Conversion Cycle -9 1 12 16 21

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