Bangkok Sheet Metal Public Company Limited (BM.BK)

Analysis: Margins & Ratios Industry: Manufacturing - Metal Fabrication Sector: Industrials Live Price: $1.13

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Revenue	45,270,237	40,606,642	34,236,767	52,949,171	47,709,664	49,719,825	45,115,112	40,975,774	35,633,564	31,588,935	28,854,067	31,316,148	26,747,942	26,922,151	25,494,148	22,216,641	26,793,342	21,606,905
Cost of Revenue	38,077,160	33,867,199	28,059,974	43,200,520	39,920,766	41,713,028	37,726,831	34,791,622	29,304,457	25,800,055	22,603,826	25,929,248	21,853,975	21,047,733	19,828,971	17,741,250	22,162,040	18,492,536
Cost of Revenue Margin	84.14%	83.27%	81.51%	81.59%	83.67%	83.90%	83.62%	84.91%	82.24%	81.67%	78.34%	82.80%	81.70%	78.18%	77.78%	79.86%	82.71%	85.59%
Gross Profit	7,193,077	6,739,443	6,176,792	9,748,652	7,788,898	8,006,797	7,388,281	6,184,152	6,329,106	5,788,880	6,250,242	5,386,900	4,893,967	5,874,418	5,665,177	4,475,390	4,631,302	3,114,369
Gross Profit Margin	15.86%	16.73%	18.49%	18.41%	16.33%	16.10%	16.38%	15.09%	17.76%	18.33%	21.66%	17.20%	18.30%	21.82%	22.22%	20.14%	17.29%	14.41%
R&D Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D Expenses Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	5,136,631	4,718,050	4,096,061	5,380,011	6,052,391	5,791,086	5,528,026	4,090,781	4,089,555	4,090,802	3,807,184	4,010,609	3,292,344	3,543,824	2,716,403	2,377,016	2,207,146	2,019,219
SG&A Expenses Margin	11.29%	11.66%	12.04%	10.16%	12.69%	11.65%	12.25%	9.98%	11.48%	12.95%	13.19%	12.81%	12.31%	13.16%	10.66%	10.70%	8.24%	9.35%
Operating Expenses	4,965,368	4,491,623	3,940,383	4,754,425	5,974,385	5,791,086	5,528,026	3,576,993	3,632,297	3,929,713	3,807,184	4,010,609	3,122,656	3,419,457	2,585,806	2,377,016	2,207,146	2,019,219
Operating Expenses Margin	10.88%	11.05%	11.58%	8.98%	12.52%	11.65%	12.25%	8.73%	10.19%	12.44%	13.19%	12.81%	11.67%	12.70%	10.14%	10.70%	8.24%	9.35%
Operating Income (EBIT)	2,692,376	2,579,241	2,339,709	5,222,588	2,179,274	3,257,204	2,212,765	2,607,159	2,959,908	1,859,167	1,818,950	1,376,291	1,771,311	2,454,961	3,079,371	2,098,374	2,424,156	1,095,151
Operating Income (EBIT) Margin	5.94%	6.40%	7.05%	9.86%	4.57%	6.55%	4.90%	6.36%	8.31%	5.89%	6.30%	4.39%	6.62%	9.12%	12.08%	9.45%	9.05%	5.07%
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	362,423	410,084	368,823
Interest Income Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.63%	1.53%	1.71%
Interest Expense	298,981	310,684	272,438	397,887	304,435	397,505	252,527	246,912	379,812	276,663	280,607	171,359	104,566	220,184	394,243	0	0	0
Interest Expense Margin	0.65%	0.78%	0.82%	0.75%	0.64%	0.80%	0.56%	0.60%	1.07%	0.88%	0.97%	0.55%	0.39%	0.82%	1.55%	0.00%	0.00%	0.00%
Net Interest Income	-298,981	-310,684	-272,438	-397,887	-304,435	-397,505	-252,527	-246,912	-379,812	-276,663	-280,607	-171,359	-104,566	-220,184	-394,243	0	0	0
Net Interest Income Margin	-0.65%	-0.78%	-0.82%	-0.75%	-0.64%	-0.80%	-0.56%	-0.60%	-1.07%	-0.88%	-0.97%	-0.55%	-0.39%	-0.82%	-1.55%	0.00%	0.00%	0.00%
Unusual Items	942,451	808,955	644,197	973,879	569,562	1,044,542	961,728	821,081	1,073,412	144,009	561,214	382,632	224,498	440,368	788,485	0	0	0
Unusual Items Margin	2.08%	1.94%	1.84%	1.84%	1.19%	2.10%	2.13%	2.00%	3.01%	0.46%	1.95%	1.22%	0.84%	1.64%	3.09%	0.00%	0.00%	0.00%
EBT Excluding Unusual Items	1,106,456	1,272,015	1,323,752	3,672,717	1,344,585	1,565,625	541,835	1,211,908	1,192,896	1,847,812	977,129	782,385	1,426,881	1,794,409	1,896,643	1,735,952	2,014,072	726,327
EBT Excluding Unusual Items Margin	2.44%	3.30%	4.18%	6.94%	2.82%	3.15%	1.20%	2.96%	3.35%	5.85%	3.39%	2.50%	5.33%	6.67%	7.44%	7.81%	7.52%	3.36%
Pre-Tax Income	2,048,907	2,080,970	1,967,949	4,646,595	1,914,147	2,610,167	1,503,564	2,032,989	2,266,308	1,991,821	1,538,343	1,165,018	1,651,379	2,234,777	2,685,128	1,735,952	2,014,072	726,327
Pre-Tax Income Margin	4.51%	5.24%	6.03%	8.78%	4.01%	5.25%	3.33%	4.96%	6.36%	6.31%	5.33%	3.72%	6.17%	8.30%	10.53%	7.81%	7.52%	3.36%
Income Tax Expense	158,648	119,356	249,356	430,012	66,818	-28,077	223,434	280,586	-85,834	206,673	393,666	380,818	243,105	346,041	533,142	294,670	344,095	215,048
Income Tax Expense Margin	0.37%	0.31%	0.84%	0.81%	0.14%	-0.06%	0.50%	0.68%	-0.24%	0.65%	1.36%	1.22%	0.91%	1.29%	2.09%	1.33%	1.28%	1.00%
Net Income	1,885,895	1,959,149	1,717,362	4,212,366	1,604,007	2,630,752	1,276,883	1,750,050	2,352,605	1,785,455	1,144,676	784,200	1,408,274	1,888,736	2,151,987	1,441,282	1,669,978	511,279
Net Income Margin	4.13%	4.93%	5.18%	7.96%	3.36%	5.29%	2.83%	4.27%	6.60%	5.65%	3.97%	2.50%	5.26%	7.02%	8.44%	6.49%	6.23%	2.37%
Depreciation and Amortization	1,791,819	1,733,962	1,411,639	2,089,917	1,874,217	2,041,696	1,623,695	1,710,067	1,736,165	1,558,187	1,358,530	1,316,510	1,091,325	884,071	796,146	649,232	624,592	813,592
Depreciation and Amortization Margin	3.96%	4.34%	4.11%	3.95%	3.93%	4.11%	3.60%	4.17%	4.87%	4.93%	4.71%	4.20%	4.08%	3.28%	3.12%	2.92%	2.33%	3.77%
EBITDA	4,401,018	4,263,296	3,839,543	7,134,399	3,963,711	5,049,368	3,836,460	4,317,226	4,696,073	3,417,354	3,980,166	3,065,308	2,862,636	3,317,604	3,853,233	2,747,606	3,048,748	1,908,743
EBITDA Margin	9.73%	10.64%	11.49%	13.47%	8.31%	10.16%	8.50%	10.54%	13.18%	10.82%	13.79%	9.79%	10.70%	12.32%	15.11%	12.37%	11.38%	8.83%
NOPAT	2,474,503	2,432,356	2,049,499	4,739,272	2,103,201	3,292,241	1,883,941	2,247,327	3,072,012	1,666,259	1,353,475	926,413	1,510,550	2,074,826	2,467,951	1,742,185	2,010,000	770,903
NOPAT Margin	5.43%	6.04%	6.09%	8.95%	4.41%	6.62%	4.18%	5.48%	8.62%	5.27%	4.69%	2.96%	5.65%	7.71%	9.68%	7.84%	7.50%	3.57%
Owner's Earnings	232,956	44,611	12,159	4,501,519	-302,239	2,502,409	-1,343,118	-460,424	1,498,831	-1,974,642	897,355	-1,212,103	-2,363,010	643,068	1,933,223	146,927	-93,510	-387,071
Owner's Earnings Margin	0.31%	-0.22%	-0.07%	8.50%	-0.63%	5.03%	-2.98%	-1.12%	4.21%	-6.25%	3.11%	-3.87%	-8.83%	2.39%	7.58%	0.66%	-0.35%	-1.79%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Revenue	45,270,237	40,606,642	34,236,767	49,719,825	45,115,112	40,975,774	35,633,564	31,588,935	28,854,067	31,316,148	26,747,942	26,922,151	25,494,148	22,216,641	26,793,342	21,606,905
Cash & Cash Equivalents	1,254,467	1,008,982	607,676	1,715,471	910,673	1,137,258	745,701	535,809	104,803	28,227	189,364	687,275	22,181	12,803	7,359	4,324
Cash & Cash Equivalents Margin	2.75%	2.41%	1.58%	3.45%	2.02%	2.78%	2.09%	1.70%	0.36%	0.09%	0.71%	2.55%	0.09%	0.06%	0.03%	0.02%
Short-Term Investments	0	0	571,366	0	0	0	0	0	0	0	2,040,804	3,672,857	0	0	0	0
Short-Term Investments Margin	0.00%	0.00%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.63%	13.64%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	1,254,467	1,008,982	1,179,042	1,715,471	910,673	1,137,258	745,701	535,809	104,803	28,227	2,230,168	4,360,132	22,181	12,803	7,359	4,324
Cash & Short-Term Investments Margin	2.75%	2.41%	3.71%	3.45%	2.02%	2.78%	2.09%	1.70%	0.36%	0.09%	8.34%	16.20%	0.09%	0.06%	0.03%	0.02%
Net Receivables	10,213,782	8,641,668	7,353,512	10,823,009	11,910,043	7,908,294	6,820,052	5,746,941	6,531,550	7,238,152	5,778,919	5,135,447	5,642,710	6,365,976	5,870,961	5,926,861
Net Receivables Margin	22.49%	20.96%	21.34%	21.77%	26.40%	19.30%	19.14%	18.19%	22.64%	23.11%	21.61%	19.08%	22.13%	28.65%	21.91%	27.43%
Inventory	6,334,100	6,108,569	4,326,503	5,724,881	6,757,439	6,519,979	6,645,381	4,895,166	3,245,304	3,292,254	2,307,510	1,998,057	1,879,060	1,719,555	1,132,943	1,787,011
Inventory Margin	14.13%	15.31%	12.17%	11.51%	14.98%	15.91%	18.65%	15.50%	11.25%	10.51%	8.63%	7.42%	7.37%	7.74%	4.23%	8.27%
Other Current Assets	443,662	520,157	318,412	1,441	4	1,329,540	958,712	311,090	129,284	74,101	119,139	129,801	131,012	81,444	191,417	18,740
Other Current Assets Margin	1.08%	1.38%	0.90%	0.00%	0.00%	3.24%	2.69%	0.98%	0.45%	0.24%	0.45%	0.48%	0.51%	0.37%	0.71%	0.09%
Total Current Assets	17,946,024	16,087,373	13,133,905	18,331,237	19,690,938	15,815,898	15,131,616	11,467,177	9,981,275	10,586,737	10,399,847	12,263,888	7,670,437	8,179,779	7,202,679	7,736,936
Total Current Assets Margin	39.70%	39.58%	38.08%	36.87%	43.65%	38.60%	42.46%	36.30%	34.59%	33.81%	38.88%	45.55%	30.09%	36.82%	26.88%	35.81%
Property, Plant & Equipment	29,085,537	27,161,340	21,794,845	30,135,790	30,178,830	26,941,992	24,789,380	23,760,708	19,860,488	19,423,029	17,248,687	13,523,997	12,085,552	11,593,139	9,317,419	7,412,780
Property, Plant & Equipment Margin	64.42%	67.61%	63.10%	60.61%	66.89%	65.75%	69.57%	75.22%	68.83%	62.02%	64.49%	50.23%	47.41%	52.18%	34.78%	34.31%
Goodwill	0	0	2	0	0	0	0	0	0	0	0	6	12	0	0	0
Goodwill Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	132,675	111,837	150,304	104,549	145,792	147,684	48,253	112,909	135,859	164,977	208,168	227,852	207,000	77,365	55,886	0
Intangible Assets Margin	0.30%	0.28%	0.48%	0.21%	0.32%	0.36%	0.14%	0.36%	0.47%	0.53%	0.78%	0.85%	0.81%	0.35%	0.21%	0.00%
Long-Term Investments	1,052,177	2,055,155	1,924,873	736,248	981,804	1,438,479	1,765,722	5,353,519	4,906,027	3,718,009	62,832	143,043	143,043	0	0	0
Long-Term Investments Margin	2.39%	5.81%	5.93%	1.48%	2.18%	3.51%	4.96%	16.95%	17.00%	11.87%	0.23%	0.53%	0.56%	0.00%	0.00%	0.00%
Tax Assets	561,601	507,018	392,658	657,405	534,352	493,045	471,303	378,986	310,491	211,749	334,523	290,249	244,476	0	0	0
Tax Assets Margin	1.24%	1.25%	1.13%	1.32%	1.18%	1.20%	1.32%	1.20%	1.08%	0.68%	1.25%	1.08%	0.96%	0.00%	0.00%	0.00%
Other Non-Current Assets	439,170	355,055	256,279	351,157	510,188	456,166	456,152	1,612	192,318	335,339	239,995	9,019	10,846	375,315	307,482	-7,412,780
Other Non-Current Assets Margin	0.98%	0.85%	0.69%	0.71%	1.13%	1.11%	1.28%	0.01%	0.67%	1.07%	0.90%	0.03%	0.04%	1.69%	1.15%	-34.31%
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	940,015
Other Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.35%
Total Non-Current Assets	31,271,160	30,190,405	24,518,961	31,985,149	32,350,966	29,477,366	27,530,811	29,607,733	25,405,183	23,853,102	18,094,204	14,194,166	12,690,929	12,045,819	9,680,787	7,412,780
Total Non-Current Assets Margin	69.33%	75.79%	71.33%	64.33%	71.71%	71.94%	77.26%	93.73%	88.05%	76.17%	67.65%	52.72%	49.78%	54.22%	36.13%	34.31%
Total Assets	49,217,185	46,277,778	37,652,866	50,316,386	52,041,904	45,293,265	42,662,427	41,074,910	35,386,458	34,439,840	28,494,051	26,458,054	20,361,366	20,225,598	16,883,466	16,089,731
Total Assets Margin	109.03%	115.37%	109.41%	101.20%	115.35%	110.54%	119.73%	130.03%	122.64%	109.97%	106.53%	98.28%	79.87%	91.04%	63.01%	74.47%
Accounts Payable	8,261,177	7,329,520	5,940,599	8,920,914	9,336,534	6,526,082	5,101,625	6,762,446	3,788,708	5,066,214	4,434,503	5,412,124	4,056,836	4,372,771	3,549,954	6,421,166
Accounts Payable Margin	18.19%	18.06%	17.22%	17.94%	20.69%	15.93%	14.32%	21.41%	13.13%	16.18%	16.58%	20.10%	15.91%	19.68%	13.25%	29.72%
Short-Term Debt	3,287,679	4,038,380	3,195,082	3,173,973	3,861,244	2,827,820	6,161,281	4,167,584	4,181,692	3,283,910	255,430	556,371	3,481,514	4,761,813	4,921,323	0
Short-Term Debt Margin	7.28%	10.47%	9.40%	6.38%	8.56%	6.90%	17.29%	13.19%	14.49%	10.49%	0.95%	2.07%	13.66%	21.43%	18.37%	0.00%
Tax Payables	75,785	45,471	110,366	41,394	104,446	81,513	0	0	345,484	0	76,997	109,004	344,817	0	0	0
Tax Payables Margin	0.17%	0.10%	0.38%	0.08%	0.23%	0.20%	0.00%	0.00%	1.20%	0.00%	0.29%	0.40%	1.35%	0.00%	0.00%	0.00%
Deferred Revenue	70,886	421,145	567,073	0	0	212,658	885,979	1,007,089	1,264,236	977,971	868,980	109,004	344,817	0	0	0
Deferred Revenue Margin	0.17%	1.24%	1.87%	0.00%	0.00%	0.52%	2.49%	3.19%	4.38%	3.12%	3.25%	0.40%	1.35%	0.00%	0.00%	0.00%
Other Current Liabilities	496,667	514,708	521,198	147,996	911,729	430,277	589,014	494,522	646,352	416,792	283,105	642,654	649,537	523,184	536,752	3,157,424
Other Current Liabilities Margin	1.12%	1.32%	1.62%	0.30%	2.02%	1.05%	1.65%	1.57%	2.24%	1.33%	1.06%	2.39%	2.55%	2.35%	2.00%	14.61%
Total Current Liabilities	13,919,350	13,601,040	11,085,446	14,421,276	15,862,797	11,473,976	13,213,655	13,033,493	10,248,476	9,886,090	5,868,945	7,587,855	9,257,899	10,531,488	9,678,755	9,578,590
Total Current Liabilities Margin	30.72%	34.10%	32.40%	29.01%	35.16%	28.00%	37.08%	41.26%	35.52%	31.57%	21.94%	28.18%	36.31%	47.40%	36.12%	44.33%
Long-Term Debt	5,110,600	3,959,770	2,403,895	6,022,093	5,032,068	4,277,639	2,025,526	2,441,527	1,033,721	1,853,206	96,675	352,682	903,810	1,290,836	655,160	876,494
Long-Term Debt Margin	11.24%	9.42%	6.18%	12.11%	11.15%	10.44%	5.68%	7.73%	3.58%	5.92%	0.36%	1.31%	3.55%	5.81%	2.45%	4.06%
Capital Lease Obligations	916,958	1,459,705	1,176,381	400,597	922,075	1,428,203	1,988,759	2,558,890	1,608,258	232,450	510,256	820,963	1,293,354	1,410,749	926,913	0
Capital Lease Obligations Margin	2.11%	4.00%	3.64%	0.81%	2.04%	3.49%	5.58%	8.10%	5.57%	0.74%	1.91%	3.05%	5.07%	6.35%	3.46%	0.00%
Deferred Tax Liabilities	0	0	410	0	0	0	0	0	0	0	636	3,465	0	0	0	0
Deferred Tax Liabilities Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	1,289,645	1,197,299	886,022	1,398,986	1,307,109	1,162,841	1,124,971	992,588	867,505	634,159	541,878	449,742	380,441	200,552	162,121	-876,494
Other Non-Current Liabilities Margin	2.85%	2.97%	2.51%	2.81%	2.90%	2.84%	3.16%	3.14%	3.01%	2.03%	2.03%	1.67%	1.49%	0.90%	0.61%	-4.06%
Total Non-Current Liabilities	6,826,312	6,078,655	4,033,212	7,568,304	6,681,361	6,229,270	4,523,189	5,391,152	3,141,996	2,578,613	880,224	1,232,811	2,105,196	2,503,734	1,455,616	876,494
Total Non-Current Liabilities Margin	15.08%	15.00%	11.02%	15.22%	14.81%	15.20%	12.69%	17.07%	10.89%	8.23%	3.29%	4.58%	8.26%	11.27%	5.43%	4.06%
Total Liabilities	20,745,661	19,679,695	15,118,658	21,989,580	22,544,159	17,703,246	17,736,844	18,424,645	13,390,472	12,464,703	6,749,169	8,820,666	11,363,096	13,035,222	11,134,372	11,711,216
Total Liabilities Margin	45.80%	49.10%	43.43%	44.23%	49.97%	43.20%	49.78%	58.33%	46.41%	39.80%	25.23%	32.76%	44.57%	58.67%	41.56%	54.20%
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	9,429,174	8,556,172	7,488,614	10,416,895	9,630,395	8,240,231	7,500,108	6,993,230	6,993,230	6,993,230	6,993,230	6,357,482	4,768,112	2,892,654	2,892,654	2,892,654
Common Stock Margin	20.80%	21.12%	22.06%	20.95%	21.35%	20.11%	21.05%	22.14%	24.24%	22.33%	26.14%	23.61%	18.70%	13.02%	10.80%	13.39%
Retained Earnings	3,970,654	3,817,074	3,369,456	1,780,735	4,836,801	5,294,426	4,168,329	3,005,076	2,441,102	2,526,598	2,407,600	3,496,440	3,737,455	3,805,017	2,363,736	993,156
Retained Earnings Margin	9.07%	9.69%	10.16%	3.58%	10.72%	12.92%	11.70%	9.51%	8.46%	8.07%	9.00%	12.99%	14.66%	17.13%	8.82%	4.60%
Accumulated OCI	2,416,095	1,760,465	3,065,871	5,349,638	993,293	905,353	801,726	752,314	671,256	564,910	12,344,053	7,783,465	492,705	0	0	0
Accumulated OCI Margin	5.06%	3.96%	10.09%	10.76%	2.20%	2.21%	2.25%	2.38%	2.33%	1.80%	46.15%	28.91%	1.93%	0.00%	0.00%	0.00%
Minority Interest	15,781	13,068	6,534	21,858	14,366	11,120	8,767	9,229	0	0	0	0	0	0	0	0
Minority Interest Margin	0.03%	0.03%	0.02%	0.04%	0.03%	0.03%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	28,455,742	26,585,016	22,527,674	28,304,949	29,483,379	27,578,899	24,916,816	22,641,035	21,995,987	21,975,137	21,744,883	17,637,387	8,998,271	7,190,377	5,749,095	4,378,515
Total Shareholders’ Equity Margin	63.20%	66.24%	65.97%	56.93%	65.35%	67.31%	69.93%	71.67%	76.23%	70.17%	81.30%	65.51%	35.30%	32.36%	21.46%	20.26%
Total Equity	28,471,524	26,598,084	22,534,208	28,326,807	29,497,745	27,590,019	24,925,583	22,650,264	21,995,987	21,975,137	21,744,883	17,637,387	8,998,271	7,190,377	5,749,095	4,378,515
Total Equity Margin	63.23%	66.27%	65.98%	56.97%	65.38%	67.33%	69.95%	71.70%	76.23%	70.17%	81.30%	65.51%	35.30%	32.36%	21.46%	20.26%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	1,052,177	2,055,155	2,481,934	736,248	981,804	1,438,479	1,765,722	5,353,519	4,906,027	3,718,009	2,103,636	3,672,857	143,043	0	0	0
Total Investments Margin	2.39%	5.81%	8.00%	1.48%	2.18%	3.51%	4.96%	16.95%	17.00%	11.87%	7.86%	13.64%	0.56%	0.00%	0.00%	0.00%
Net Debt	8,060,763	8,448,871	6,167,679	7,881,192	8,904,713	7,396,384	9,429,873	8,632,194	6,718,874	5,341,326	672,997	1,042,741	5,656,498	7,450,595	6,496,037	-4,324
Net Debt Margin	17.88%	21.49%	17.63%	15.85%	19.74%	18.05%	26.46%	27.33%	23.29%	17.06%	2.52%	3.87%	22.19%	33.54%	24.24%	-0.02%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Revenue	45,270,237	40,606,642	34,236,767	49,719,825	45,115,112	40,975,774	35,633,564	31,588,935	28,854,067	31,316,148	26,747,942	26,922,151	25,494,148	22,216,641	26,793,342	21,606,905
Working Capital	4,026,675	2,486,334	2,048,459	3,909,962	3,828,140	4,341,922	1,917,961	-1,566,317	-267,201	700,647	4,530,903	4,676,033	-1,587,462	-2,351,709	-2,476,076	-1,841,655
Working Capital Margin	8.98%	5.47%	5.68%	7.86%	8.49%	10.60%	5.38%	-4.96%	-0.93%	2.24%	16.94%	17.37%	-6.23%	-10.59%	-9.24%	-8.52%
Total Capital	37,770,973	36,042,869	29,303,030	37,901,612	39,298,765	36,112,542	35,092,390	31,809,038	28,819,663	27,344,690	22,607,244	19,367,404	14,676,949	14,653,774	12,252,491	5,255,009
Total Capital Margin	83.82%	90.13%	85.19%	76.23%	87.11%	88.13%	98.48%	100.70%	99.88%	87.32%	84.52%	71.94%	57.57%	65.96%	45.73%	24.32%
Capital Employed	35,297,835	32,676,739	26,567,420	35,895,111	36,179,106	33,819,289	29,448,772	28,041,416	25,137,983	24,553,750	22,625,107	18,870,199	11,103,467	9,694,110	7,204,711	6,511,141
Capital Employed Margin	78.31%	81.27%	77.01%	72.19%	80.19%	82.53%	82.64%	88.77%	87.12%	78.41%	84.59%	70.09%	43.55%	43.63%	26.89%	30.13%
Invested Capital	36,516,505	35,033,887	28,695,354	36,186,141	38,388,092	34,975,284	34,346,690	31,273,229	28,714,860	27,316,463	22,417,880	18,680,128	14,654,769	14,640,971	12,245,132	5,250,686
Invested Capital Margin	81.08%	87.72%	83.60%	72.78%	85.09%	85.36%	96.39%	99.00%	99.52%	87.23%	83.81%	69.39%	57.48%	65.90%	45.70%	24.30%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Revenue	45,270,237	40,606,642	34,236,767	49,719,825	45,115,112	40,975,774	35,633,564	31,588,935	28,854,067	31,316,148	26,747,942	26,922,151	25,494,148	22,216,641	26,793,342	21,606,905
Net Income	1,889,176	1,960,964	1,907,946	2,638,244	1,276,883	1,752,403	2,352,142	1,785,148	1,538,343	1,165,018	1,651,379	2,234,777	2,685,128	1,441,282	1,669,978	511,279
Net Income Margin	4.14%	4.93%	5.87%	5.31%	2.83%	4.28%	6.60%	5.65%	5.33%	3.72%	6.17%	8.30%	10.53%	6.49%	6.23%	2.37%
Depreciation & Amortization	1,822,561	1,752,408	1,420,863	2,041,696	1,715,916	1,710,070	1,736,166	1,558,191	1,358,532	1,316,510	1,091,335	884,067	796,146	649,232	624,592	813,592
Depreciation & Amortization Margin	4.03%	4.38%	4.13%	4.11%	3.80%	4.17%	4.87%	4.93%	4.71%	4.20%	4.08%	3.28%	3.12%	2.92%	2.33%	3.77%
Deferred Income Tax	165,520	124,123	62,062	-28,077	244,051	280,586	-85,834	209,891	0	0	0	0	0	0	0	0
Deferred Income Tax Margin	0.39%	0.32%	0.16%	-0.06%	0.54%	0.68%	-0.24%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	182,828	-636,141	-559,322	1,527,853	-2,313,778	1,334,410	-5,442,944	1,713,755	-728,509	738,257	130,769	-2,751,123	198,093	-1,005,807	576,603	-485,304
Change in Working Capital Margin	0.40%	-1.73%	-1.78%	3.07%	-5.13%	3.26%	-15.27%	5.43%	-2.52%	2.36%	0.49%	-10.22%	0.78%	-4.53%	2.15%	-2.25%
Accounts Receivable	-1,211,979	-802,374	-437,968	664,667	-4,706,414	405,810	-1,252,711	876,778	631,597	-1,502,485	63,305	-319,718	759,497	-471,501	165,731	-213,174
Accounts Receivable Margin	-2.70%	-1.77%	-0.94%	1.34%	-10.43%	0.99%	-3.52%	2.78%	2.19%	-4.80%	0.24%	-1.19%	2.98%	-2.12%	0.62%	-0.99%
Inventory	207,440	-564,062	-452,071	1,019,025	-453,926	57,222	-1,676,600	-1,766,028	-41,583	-888,523	-459,147	-143,654	-167,495	-624,008	502,770	-272,130
Inventory Margin	0.39%	-1.82%	-1.50%	2.05%	-1.01%	0.14%	-4.71%	-5.59%	-0.14%	-2.84%	-1.72%	-0.53%	-0.66%	-2.81%	1.88%	-1.26%
Accounts Payable	1,466,068	987,571	466,933	-155,934	2,846,562	1,707,576	-2,053,331	2,592,983	-1,245,096	968,451	-952,364	1,230,109	-269,621	0	0	0
Accounts Payable Margin	3.39%	2.52%	1.13%	-0.31%	6.31%	4.17%	-5.76%	8.21%	-4.32%	3.09%	-3.56%	4.57%	-1.06%	0.00%	0.00%	0.00%
Other Working Capital	-298,863	-269,374	-2,239	-60,392	0	-836,198	-460,301	10,022	-73,426	2,160,815	1,478,974	-2,607,469	365,588	89,701	-91,899	0
Other Working Capital Margin	-0.72%	-0.68%	0.05%	-0.12%	0.00%	-2.04%	-1.29%	0.03%	-0.25%	6.90%	5.53%	-9.69%	1.43%	0.40%	-0.34%	0.00%
Other Non-Cash Items	914,401	669,933	396,700	1,110,194	1,594,976	38,033	336,727	269,733	1,078,177	140,575	-46,058	-306,779	-248,576	899,388	-2,054,696	1,175,381
Other Non-Cash Items Margin	1.95%	1.53%	0.96%	2.23%	3.54%	0.09%	0.94%	0.85%	3.74%	0.45%	-0.17%	-1.14%	-0.98%	4.05%	-7.67%	5.44%
Net Cash from Operating Activities	4,974,486	3,638,345	3,111,779	7,289,909	2,518,047	5,115,503	-1,195,966	4,464,232	3,246,543	3,360,360	2,827,425	60,942	3,430,791	1,984,094	816,477	2,500,253
Net Cash from Operating Activities Margin	10.91%	8.70%	8.97%	14.66%	5.58%	12.48%	-3.36%	14.13%	11.25%	10.73%	10.57%	0.23%	13.46%	8.93%	3.05%	11.57%
Capital Expenditures (PPE)	-3,477,154	-3,667,938	-3,126,562	-2,175,002	-4,335,917	-3,920,544	-2,589,940	-5,318,289	-1,605,852	-3,312,813	-4,862,619	-2,129,735	-1,014,909	-1,943,586	-2,388,080	-1,711,943
Capital Expenditures (PPE) Margin	-7.85%	-9.53%	-9.39%	-4.37%	-9.61%	-9.57%	-7.27%	-16.84%	-5.57%	-10.58%	-18.18%	-7.91%	-3.98%	-8.75%	-8.91%	-7.92%
Acquisitions (Net)	0	611,947	-406,053	0	0	0	3,047,022	12,715	-1,983,534	-5,063,146	-78,197	3,338	1,271	0	0	0
Acquisitions (Net) Margin	0.00%	1.72%	-1.47%	0.00%	0.00%	0.00%	8.55%	0.04%	-6.87%	-16.17%	-0.29%	0.01%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	-18,486	-63,858	-566,344	-1,418	-54,039	0	-158,937	-104,898	-12,079	-5,158,508	-173,559	0	0	0	0	0
Purchases of Investments Margin	-0.04%	-0.18%	-1.81%	0.00%	-0.12%	0.00%	-0.45%	-0.33%	-0.04%	-16.47%	-0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0	606,861	301,655	0	0	0	3,047,022	-12,715	-17,761	0	0	0	0	0	0	0
Sales / Maturities of Investments Margin	0.00%	1.70%	0.84%	0.00%	0.00%	0.00%	8.55%	-0.04%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	77,714	-447,949	-122,245	195,901	20,589	16,651	-2,699,927	227,042	171,945	932,960	-92,218	3,334	1,271	-26,387	22,292	314,536
Other Investing Activities Margin	0.16%	-1.28%	-0.31%	0.39%	0.05%	0.04%	-7.58%	0.72%	0.60%	2.98%	-0.34%	0.01%	0.00%	-0.12%	0.08%	1.46%
Net Cash from Investing Activities	-3,417,926	-2,960,937	-3,386,804	-1,980,519	-4,369,367	-3,903,893	645,240	-5,196,145	-3,447,282	-7,442,998	-5,033,034	-2,126,401	-1,013,638	-1,969,973	-2,365,787	-1,397,407
Net Cash from Investing Activities Margin	-7.73%	-7.57%	-10.42%	-3.98%	-9.68%	-9.53%	1.81%	-16.45%	-11.95%	-23.77%	-18.82%	-7.90%	-3.98%	-8.87%	-8.83%	-6.47%
Net Debt Issuance	-93,678	573,894	227,653	-278,270	1,078,581	-1,081,344	879,818	2,270,683	1,396,251	2,354,205	-1,000,589	-1,171,205	-2,171,595	-373,381	-25,821	0
Net Debt Issuance Margin	-0.27%	1.77%	0.46%	-0.56%	2.39%	-2.64%	2.47%	7.19%	4.84%	7.52%	-3.74%	-4.35%	-8.52%	-1.68%	-0.10%	0.00%
Long-Term Debt Issuance	786,974	627,571	304,239	422,344	322,452	1,616,127	-1,240,208	2,017,142	597,801	2,354,205	-1,000,589	-1,171,205	-875,680	-373,381	-25,821	0
Long-Term Debt Issuance Margin	1.84%	1.68%	0.65%	0.85%	0.71%	3.94%	-3.48%	6.39%	2.07%	7.52%	-3.74%	-4.35%	-3.43%	-1.68%	-0.10%	0.00%
Short-Term Debt Issuance	-1,112,003	-192,488	-218,178	-700,614	756,129	-3,391,522	2,120,026	253,542	798,450	2,126,750	0	-2,848,629	-1,295,909	0	0	0
Short-Term Debt Issuance Margin	-2.67%	-0.25%	-0.74%	-1.41%	1.68%	-8.28%	5.95%	0.80%	2.77%	6.79%	0.00%	-10.58%	-5.08%	0.00%	0.00%	0.00%
Net Stock Issuance	-1,404,821	-842,892	1,128,381	-4,214,462	0	0	0	0	0	0	4,742,682	8,880,131	1,875,457	0	0	0
Net Stock Issuance Margin	-2.83%	-1.70%	4.96%	-8.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.73%	32.98%	7.36%	0.00%	0.00%	0.00%
Common Stock Issuance	1,251,962	953,931	2,054,257	0	2,275,643	1,480,244	1,013,752	16	0	0	4,742,682	9,154,774	1,875,457	0	0	0
Common Stock Issuance Margin	2.89%	2.30%	7.06%	0.00%	5.04%	3.61%	2.84%	0.00%	0.00%	0.00%	17.73%	34.00%	7.36%	0.00%	0.00%	0.00%
Common Stock Repurchased	-1,898,235	-1,341,695	-670,847	-4,214,462	0	-1,480,244	-1,013,752	-16	0	0	0	0	0	0	0	0
Common Stock Repurchased Margin	-4.03%	-2.99%	-1.49%	-8.48%	0.00%	-3.61%	-2.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0	0	-27,464	0	0	0	0	0	0	0	0	-274,643	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	-0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.02%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-1,192,349	-1,162,976	-1,376,904	-1,328,995	-1,648,046	-600,005	-1,118,917	-1,118,917	-1,118,917	-559,458	-2,034,394	-2,129,750	-2,111,638	0	-289,265	-202,486
Net Dividends Paid Margin	-2.60%	-2.89%	-4.39%	-2.67%	-3.65%	-1.46%	-3.14%	-3.54%	-3.88%	-1.79%	-7.61%	-7.91%	-8.28%	0.00%	-1.08%	-0.94%
Common Dividends Paid	-1,192,349	-1,162,976	-1,376,904	-1,328,995	-1,648,046	-600,005	-1,118,917	-1,118,917	-1,118,917	-559,458	-2,034,394	-2,129,750	-2,111,638	0	-289,265	-202,486
Common Dividends Paid Margin	-2.60%	-2.89%	-4.39%	-2.67%	-3.65%	-1.46%	-3.14%	-3.54%	-3.88%	-1.79%	-7.61%	-7.91%	-8.28%	0.00%	-1.08%	-0.94%
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	1,399,141	1,044,145	449,885	1,331,286	2,079,942	786,194	1,013,752	9,552	0	2,126,750	0	-2,848,622	0	364,704	1,867,432	-896,824
Other Financing Activities Margin	3.07%	2.42%	0.83%	2.68%	4.61%	1.92%	2.84%	0.03%	0.00%	6.79%	0.00%	-10.58%	0.00%	1.64%	6.97%	-4.15%
Net Cash from Financing Activities	-1,291,706	-387,829	429,016	-4,490,441	1,510,477	-895,156	774,653	1,161,319	277,334	3,921,496	1,707,698	2,730,554	-2,407,776	-8,677	1,552,346	-1,099,310
Net Cash from Financing Activities Margin	-2.62%	-0.40%	1.85%	-9.03%	3.35%	-2.18%	2.17%	3.68%	0.96%	12.52%	6.38%	10.14%	-9.44%	-0.04%	5.79%	-5.09%
Effect of FX on Cash	58,400	32,555	16,278	-14,135	114,246	75,088	-14,008	1,586	0	0	0	0	0	0	0	0
Effect of FX on Cash Margin	0.14%	0.07%	0.04%	-0.03%	0.25%	0.18%	-0.04%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	323,253	322,134	170,268	804,814	-226,597	391,543	209,918	430,992	76,594	-161,142	-497,911	665,095	9,378	5,444	3,035	3,535
Net Change in Cash Margin	0.69%	0.81%	0.44%	1.62%	-0.50%	0.96%	0.59%	1.36%	0.27%	-0.51%	-1.86%	2.47%	0.04%	0.02%	0.01%	0.02%
Cash at Beginning of Period	931,223	686,859	437,414	910,673	1,137,270	745,727	535,809	104,817	28,222	189,364	687,275	22,181	12,803	7,359	4,324	788
Cash at Beginning of Period Margin	2.06%	1.60%	1.14%	1.83%	2.52%	1.82%	1.50%	0.33%	0.10%	0.60%	2.57%	0.08%	0.05%	0.03%	0.02%	0.00%
Cash at End of Period	1,254,477	1,008,993	607,682	1,715,487	910,673	1,137,270	745,727	535,809	104,817	28,222	189,364	687,275	22,181	12,803	7,359	4,324
Cash at End of Period Margin	2.75%	2.41%	1.58%	3.45%	2.02%	2.78%	2.09%	1.70%	0.36%	0.09%	0.71%	2.55%	0.09%	0.06%	0.03%	0.02%
Operating Cash Flow	4,974,486	3,638,345	3,111,779	7,289,909	2,518,047	5,115,503	-1,195,966	4,464,232	3,246,543	3,360,360	2,827,425	60,942	3,430,791	1,984,094	816,477	2,500,253
Operating Cash Flow Margin	10.91%	8.70%	8.97%	14.66%	5.58%	12.48%	-3.36%	14.13%	11.25%	10.73%	10.57%	0.23%	13.46%	8.93%	3.05%	11.57%
Capital Expenditure	-3,475,500	-3,666,946	-3,126,066	-2,170,038	-4,335,917	-3,920,544	-2,589,940	-5,318,289	-1,605,852	-3,312,813	-4,862,619	-2,129,735	-1,014,909	-1,943,586	-2,388,080	-1,711,943
Capital Expenditure Margin	-7.85%	-9.53%	-9.39%	-4.36%	-9.61%	-9.57%	-7.27%	-16.84%	-5.57%	-10.58%	-18.18%	-7.91%	-3.98%	-8.75%	-8.91%	-7.92%
Free Cash Flow	1,497,332	-29,593	-14,783	5,114,907	-1,817,869	1,194,959	-3,785,907	-854,056	1,640,690	47,547	-2,035,194	-2,068,793	2,415,882	40,508	-1,571,603	788,310
Free Cash Flow Margin	3.06%	-0.83%	-0.41%	10.29%	-4.03%	2.92%	-10.62%	-2.70%	5.69%	0.15%	-7.61%	-7.68%	9.48%	0.18%	-5.87%	3.65%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Revenue	45,270,237	40,606,642	34,236,767	49,719,825	45,115,112	40,975,774	35,633,564	31,588,935	28,854,067	31,316,148	26,747,942	26,922,151	25,494,148	22,216,641	26,793,342	21,606,905
EBITDA	4,401,018	4,263,296	3,839,543	5,049,368	3,836,460	4,317,226	4,696,073	3,417,354	3,980,166	3,065,308	2,862,636	3,317,604	3,853,233	2,747,606	3,048,748	1,908,743
EBITDA Margin	9.73%	10.64%	11.49%	10.16%	8.50%	10.54%	13.18%	10.82%	13.79%	9.79%	10.70%	12.32%	15.11%	12.37%	11.38%	8.83%
(-) Tax Adjustment	370,548	257,675	500,909	-54,315	570,111	595,849	-177,859	354,587	1,018,536	1,001,980	421,419	513,710	765,073	466,394	520,864	565,132
(-) Tax Adjustment Margin	0.87%	0.65%	1.64%	-0.11%	1.26%	1.45%	-0.50%	1.12%	3.53%	3.20%	1.58%	1.91%	3.00%	2.10%	1.94%	2.62%
(-) Change In Working Capital	182,828	-636,141	-559,322	1,527,853	-2,313,778	1,334,410	-5,442,944	1,713,755	-728,509	738,257	130,769	-2,751,123	198,093	-1,005,807	576,603	-485,304
(-) Change In Working Capital Margin	0.40%	-1.73%	-1.78%	3.07%	-5.13%	3.26%	-15.27%	5.43%	-2.52%	2.36%	0.49%	-10.22%	0.78%	-4.53%	2.15%	-2.25%
(-) Capital Expenditure	-3,475,500	-3,666,946	-3,126,066	-2,170,038	-4,335,917	-3,920,544	-2,589,940	-5,318,289	-1,605,852	-3,312,813	-4,862,619	-2,129,735	-1,014,909	-1,943,586	-2,388,080	-1,711,943
(-) Capital Expenditure Margin	-7.85%	-9.53%	-9.39%	-4.36%	-9.61%	-9.57%	-7.27%	-16.84%	-5.57%	-10.58%	-18.18%	-7.91%	-3.98%	-8.75%	-8.91%	-7.92%
Unlevered Free Cash Flow	372,142	974,817	771,890	1,405,792	1,244,211	-1,533,578	7,726,936	-3,969,277	2,084,286	-1,987,742	-2,552,170	3,425,281	1,875,158	1,343,433	-436,799	116,972
Unlevered Free Cash Flow Margin	0.61%	2.19%	2.24%	2.83%	2.76%	-3.74%	21.68%	-12.57%	7.22%	-6.35%	-9.54%	12.72%	7.36%	6.05%	-1.63%	0.54%
(-) Net Interest Income After Taxes	-276,538	-294,354	-238,714	-401,781	-215,000	-212,834	-394,197	-247,956	-208,799	-115,345	-89,173	-186,090	-315,964	300,903	340,023	259,624
(-) Net Interest Income After Taxes Margin	-0.60%	-0.74%	-0.71%	-0.81%	-0.48%	-0.52%	-1.11%	-0.78%	-0.72%	-0.37%	-0.33%	-0.69%	-1.24%	1.35%	1.27%	1.20%
Net Debt Issuance	-93,678	573,894	227,653	-278,270	1,078,581	-1,081,344	879,818	2,270,683	1,396,251	2,354,205	-1,000,589	-1,171,205	-2,171,595	-373,381	-25,821	0
Net Debt Issuance Margin	-0.27%	1.77%	0.46%	-0.56%	2.39%	-2.64%	2.47%	7.19%	4.84%	7.52%	-3.74%	-4.35%	-8.52%	-1.68%	-0.10%	0.00%
Levered Free Cash Flow	555,002	1,843,064	1,238,257	1,529,303	2,537,792	-2,402,088	9,000,952	-1,450,637	3,689,335	481,808	-3,463,586	2,440,166	19,528	669,150	-802,642	-142,652
Levered Free Cash Flow Margin	0.95%	4.70%	3.40%	3.08%	5.63%	-5.86%	25.26%	-4.59%	12.79%	1.54%	-12.95%	9.06%	0.08%	3.01%	-3.00%	-0.66%