Patback Business Limited Annual Report and Financials

Patback Business Limited Balance Sheet (Rs In Thousands)

 Patback Business Limited Profit & Loss Statement (Rs In Thousand)

 Patback Business Limited Consolidated Cash Flow Statement (Rs In Thousand)

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

1. Net Profit Before Tax and After Exceptional Items:

In 2023, the net profit before tax and after exceptional items stands at Rs 8,407.17, showing a significant increase from the previous year 's figure of Rs 1,889.81.

2. Adjustments for Items:

Interest received saw a positive adjustment of Rs 405.39 in 2023, compared to a negative adjustment of Rs -101.84 in 2022.

3. Operating Profit Before Working Capital Changes:

The operating profit before working capital changes in 2023 is Rs 8,812.56, marking a substantial rise from the 2022 figure of Rs 1,787.97.

4. Working Capital Adjustments:

There was an increase in inventories by Rs 114.33 in 2023, whereas there was a decrease of Rs -143.64 in 2022.

Other financial assets increased by Rs -75.55 in 2023, as opposed to an increase of Rs 94.01 in 2022.

Other current assets saw an increase of Rs 2.47 in 2023, compared to a significant increase of Rs 1,926.80 in 2022.

Other financial liabilities increased by Rs 84.96 in 2023, whereas there was a decrease of Rs -83.14 in 2022.

Other current liabilities increased by Rs 23.8 in 2023, compared to an increase of Rs 2.75 in 2022.

5. Cash Generated from Operations:

The cash generated from operations in 2023 is Rs 8,962.57, a notable increase from the 2022 figure of Rs 3,584.75.

6. Direct Taxes Paid:

Direct taxes paid in 2023 were Rs -1,031.98, while in 2022, they were Rs -287.28.

7. Net Cash Flow from Operating Activities:

The net cash flow from operating activities in 2023 is Rs 7,930.59, showing an increase from Rs 3,297.48 in 2022.

Cash Flow from Investing Activities:

1. Loans (Given)/Recovered:

In 2023, there was a significant change in loans given/recovered, with a value of -Rs 5,902.50, compared to -Rs 3,288.02 in 2022.

2. Interest Received:

Interest received in 2023 was -Rs 405.39, contrasting with Rs 101.84 in 2022.

3. Net Cash Flow from Investing Activities:

The net cash flow from investing activities in 2023 is -Rs 6,307.89, compared to -Rs 3,186.18 in 2022.

Net Cash Flow During the Year:

The net cash flow during 2023 is Rs 1,622.70, significantly higher than the 2022 figure of Rs 111.31.

Components of Cash and Cash Equivalents:

Cash on hand increased to Rs 85.26 in 2023 from Rs 92.73 in 2022.

Balances with banks in current accounts increased to Rs 1,759.95 in 2023 from Rs 129.78 in 2022.

The total cash and cash equivalents at the end of 2023 stand at Rs 1,845.21, a substantial increase from Rs 222.51 in 2022.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Patback Business Limited for the years 2023 and 2022:

1. Current Ratio:

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. In 2023, the current ratio is 1.6, indicating a decrease from the robust 5.2 in 2022. This may suggest a relative decrease in short-term liquidity.

2. Debt-Equity Ratio:

The debt-equity ratio reflects the proportion of debt and equity used to finance the company 's assets. In 2023, the ratio is 0.14, showing a slight increase from 0.03 in 2022. This could imply a higher reliance on debt for financing in the current year.

3. Return on Equity Ratio:

The return on equity (ROE) ratio measures the profitability of the company in relation to shareholders ' equity. Patback Business Limited achieved an ROE of 0.94 in 2023, compared to 0.67 in 2022, indicating improved profitability relative to equity.

4. Inventory Turnover Ratio:

The inventory turnover ratio measures how efficiently a company manages its inventory. In 2023, the ratio is 63.92, showing a decrease from the 82.93 recorded in 2022. A lower ratio may suggest that the company is holding inventory for a more extended period.

5. Net Capital Turnover Ratio:

The net capital turnover ratio assesses how efficiently a company utilizes its capital to generate revenue. In 2023, the ratio is 12.78, reflecting a decrease from 22.79 in 2022. This could indicate a less efficient utilization of capital for revenue generation.

6. Net Profit Ratio:

The net profit ratio measures the percentage of net profit to total revenue. In 2023, the net profit ratio is 0.62, showing a significant increase from 0.18 in 2022. This signals a notable improvement in profitability as a percentage of total revenue.

7. Return on Capital Employed:

The return on capital employed (ROCE) ratio evaluates the efficiency of capital utilization in generating profits. In 2023, the ROCE is 0.86, indicating an increase from 0.54 in 2022. This suggests improved efficiency in capital utilization for generating returns.