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Year on year Triangle Tyre Co Ltd grew revenues 13.03% from 9.22bn to 10.42bn while net income improved 89.29% from 737.64m to 1.40bn.
| Gross margin | 18.80% |
|---|---|
| Net profit margin | 12.03% |
| Operating margin | 13.94% |
| Return on assets | 6.57% |
|---|---|
| Return on equity | 9.49% |
| Return on investment | 9.09% |
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Cash flow in CNYView more
In 2023, cash reserves at Triangle Tyre Co Ltd fell by 584.27m. However, the company earned 1.80bn from its operations for a Cash Flow Margin of 17.26%. In addition the company used 1.98bn on investing activities and also paid 423.92m in financing cash flows.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 16.53 |
|---|---|
| Tangible book value per share | 16.03 |
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Balance sheet in CNYView more
| Current ratio | 2.45 |
|---|---|
| Quick ratio | 2.24 |
| Total debt/total equity | 0.116 |
|---|---|
| Total debt/total capital | 0.1039 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 139.29% and 89.29%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Tires industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 2.69% |
|---|---|
| Div growth rate (5 year) | 27.35% |
| Payout ratio (TTM) | 43.85% |
| EPS growth(5 years) | 23.65 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -7.73 |
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