Tian Lun Gas Holdings Limited (1600.HK)

Category: Company Returns Sector: Utilities Industry: Regulated Gas Live Price: $2.91

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2011-12-31	2010-12-31	2009-12-31
Net Income	58M	93M	80M	60M	101M	158M	43M	68M	63M	142M	148M	112M	81M	57M	44M	40M	31M	24M	19M	12M	10M	6M
Revenue	1,090M	1,054M	807M	573M	2,240M	2,208M	1,104M	1,096M	1,071M	1,086M	914M	929M	726M	441M	382M	320M	191M	129M	102M	64M	36M	25M
Return on Revenue	5.32%	9.05%	10.57%	13.78%	4.53%	7.18%	3.87%	6.21%	5.89%	13.08%	16.20%	12.05%	11.13%	13.00%	11.64%	12.62%	16.38%	18.53%	18.86%	18.35%	28.86%	24.72%
Cost of Revenue	893M	834M	623M	438M	1,860M	1,793M	915M	890M	873M	833M	660M	688M	523M	332M	284M	233M	125M	82M	66M	40M	19M	14M
Return on Cost of Revenue	6.51%	11.80%	14.10%	20.56%	5.45%	8.84%	4.67%	7.65%	7.23%	17.04%	22.42%	16.29%	15.44%	17.27%	15.66%	17.30%	24.95%	29.18%	29.05%	29.66%	54.53%	44.13%
Gross Profit	198M	220M	184M	135M	380M	415M	190M	206M	198M	253M	254M	242M	203M	109M	98M	86M	66M	47M	36M	24M	17M	11M
Return on Gross Profit	29.16%	40.43%	43.29%	46.30%	26.66%	38.17%	22.54%	33.01%	31.92%	56.25%	58.42%	46.32%	39.85%	52.64%	45.26%	46.69%	47.70%	50.73%	53.77%	48.10%	61.33%	56.20%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	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%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	46M	43M	34M	26M	96M	94M	48M	46M	44M	39M	36M	36M	30M	23M	20M	19M	14M	11M	10M	8M	3M	2M
Return on SG&A Expenses	126.56%	231.32%	242.48%	239.83%	105.68%	167.90%	89.36%	147.27%	143.04%	364.05%	412.90%	310.72%	273.28%	247.23%	222.66%	214.28%	219.58%	214.14%	198.58%	147.78%	392.59%	370.42%
Operating Expenses	63M	45M	35M	25M	123M	101M	66M	59M	65M	25M	12M	43M	49M	6M	15M	11M	8M	7M	8M	6M	3M	2M
Return on Operating Expenses	92.73%	420.28%	418.22%	381.04%	82.40%	156.14%	65.20%	115.51%	97.48%	562.15%	1,261.09%	258.90%	164.36%	986.84%	305.89%	364.84%	386.63%	337.81%	231.00%	184.04%	393.85%	392.44%
Operating Income (EBIT)	135M	175M	149M	109M	257M	334M	124M	147M	133M	227M	242M	207M	175M	89M	79M	69M	51M	36M	29M	18M	14M	10M
Return on Operating Income (EBIT)	42.71%	50.38%	53.16%	57.51%	39.42%	47.51%	34.46%	46.21%	47.46%	62.50%	61.26%	54.22%	46.27%	64.55%	56.03%	58.68%	61.07%	66.41%	65.73%	65.12%	72.64%	65.59%
Interest Income	2M	2M	13M	10M	-25M	86M	2M	1M	2M	1M	2M	39M	31M	21M	21M	14M	9M	5M	0M	1M	0M	0M
Return on Interest Income	3,708.03%	6,672.98%	3,468.11%	3,502.21%	-401.33%	184.53%	2,185.71%	5,086.03%	3,852.34%	12,946.98%	9,293.84%	290.47%	262.13%	267.47%	215.84%	280.35%	365.42%	458.19%	6,445.47%	1,516.87%	9,066.00%	4,155.63%
Interest Expense	52M	45M	37M	26M	54M	0M	56M	56M	46M	32M	35M	41M	37M	26M	23M	16M	9M	5M	5M	2M	1M	1M
Return on Interest Expense	112.01%	240.11%	236.49%	359.89%	188.01%	0.00%	76.63%	122.57%	136.82%	438.03%	426.49%	274.00%	219.77%	218.36%	195.33%	256.91%	331.83%	447.56%	396.33%	556.28%	1,301.42%	627.20%
Net Interest Income	-51M	-43M	-35M	-24M	-80M	0M	-54M	-54M	-44M	-31M	-33M	-39M	-31M	-24M	-21M	-15M	-9M	-5M	-5M	-1M	0M	-1M
Return on Net Interest Income	-115.62%	-249.45%	-251.12%	-466.73%	-126.53%	0.00%	-79.41%	-125.60%	-141.86%	-453.37%	-447.00%	-287.42%	-259.39%	-244.11%	-207.07%	-266.00%	-362.17%	-454.25%	-408.54%	-1,006.69%	-2,258.03%	-738.69%
Unusual Items	96M	85M	57M	39M	176M	20M	106M	100M	82M	65M	74M	49M	58M	12M	18M	9M	3M	1M	5M	3M	1M	2M
Return on Unusual Items	61.73%	120.89%	213.66%	437.65%	57.52%	798.79%	40.37%	68.17%	76.64%	218.00%	201.28%	229.19%	139.79%	478.73%	241.44%	443.01%	987.54%	1,850.84%	390.72%	439.21%	759.77%	369.34%
EBT Excluding Unusual Items	-6M	47M	58M	47M	-16M	208M	-34M	2M	13M	128M	128M	111M	65M	70M	45M	52M	46M	34M	24M	14M	12M	7M
Return on EBT Excluding Unusual Items	1,396.51%	883.24%	490.09%	352.62%	-629.53%	76.19%	-126.15%	3,821.82%	493.86%	110.72%	115.96%	100.78%	124.36%	82.27%	99.51%	77.81%	68.37%	71.28%	80.24%	83.74%	84.80%	89.40%
Pre-Tax Income	90M	133M	115M	86M	160M	228M	72M	102M	95M	193M	201M	160M	123M	82M	63M	61M	49M	35M	29M	17M	13M	9M
Return on Pre-Tax Income	64.23%	67.94%	68.24%	68.54%	63.31%	69.56%	59.37%	66.98%	66.35%	73.43%	73.57%	70.00%	65.81%	70.20%	70.47%	66.18%	63.94%	68.63%	66.57%	70.33%	76.29%	71.98%
Income Tax Expense	28M	36M	32M	24M	52M	63M	26M	30M	29M	48M	50M	45M	38M	21M	16M	16M	13M	8M	8M	4M	3M	2M
Return on Income Tax Expense	204.98%	241.63%	248.94%	259.75%	195.60%	252.90%	164.95%	228.64%	221.36%	298.98%	294.19%	251.40%	215.22%	275.60%	284.12%	254.95%	235.79%	282.21%	251.53%	303.26%	334.00%	316.60%
Depreciation and Amortization	49M	46M	36M	26M	97M	109M	48M	50M	48M	44M	37M	35M	30M	27M	25M	19M	10M	6M	5M	3M	1M	1M
Return on Depreciation and Amortization	118.43%	215.58%	226.92%	300.95%	104.43%	145.59%	88.99%	135.17%	131.13%	321.24%	401.39%	321.73%	266.05%	214.62%	181.44%	207.42%	303.64%	397.28%	380.72%	367.49%	795.87%	575.09%
EBITDA	195M	219M	185M	135M	350M	431M	184M	208M	195M	256M	255M	241M	204M	115M	103M	88M	61M	42M	33M	22M	16M	11M
Return on EBITDA	29.48%	40.39%	42.67%	47.56%	28.94%	36.75%	23.23%	32.80%	32.41%	55.42%	58.09%	46.40%	39.59%	49.95%	43.10%	45.74%	50.84%	56.90%	58.86%	53.98%	66.08%	58.05%
NOPAT	92M	126M	108M	79M	174M	242M	79M	104M	93M	171M	181M	149M	121M	66M	60M	51M	37M	27M	21M	14M	11M	7M
Return on NOPAT	62.32%	70.30%	73.37%	78.24%	58.28%	65.54%	53.83%	65.36%	67.77%	82.84%	81.69%	75.15%	66.65%	86.61%	74.52%	79.26%	83.79%	87.75%	89.39%	84.78%	94.14%	84.89%
Owner's Earnings	60M	91M	73M	50M	87M	156M	52M	73M	56M	129M	147M	102M	65M	41M	43M	22M	6M	11M	7M	-9M	9M	5M
Return on Owner's Earnings	95.99%	99.84%	115.62%	139.84%	116.48%	101.75%	82.25%	92.84%	112.88%	110.28%	100.94%	110.04%	124.69%	139.84%	102.90%	179.55%	486.29%	210.92%	261.75%	-127.42%	109.89%	115.28%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2011-12-31	2010-12-31	2009-12-31
Net Income	58M	93M	80M	60M	43M	68M	63M	142M	148M	112M	81M	57M	44M	40M	31M	24M	19M	12M	10M	6M
Cash & Cash Equivalents	161M	172M	149M	118M	157M	137M	190M	144M	233M	192M	153M	96M	107M	86M	37M	82M	52M	45M	58M	2M
Return on Cash & Cash Equivalents	36.73%	54.48%	53.15%	48.32%	27.29%	49.73%	33.18%	98.59%	63.63%	58.46%	52.90%	59.60%	41.49%	46.64%	83.52%	29.31%	36.62%	26.20%	17.71%	298.11%
Short-Term Investments	2M	2M	2M	5M	2M	2M	2M	1M	4M	7M	1M	0M	0M	0M	0M	0M	53M	0M	0M	0M
Return on Short-Term Investments	3,165.51%	5,636.18%	6,626.70%	5,154.04%	2,070.25%	3,347.03%	4,079.25%	14,831.36%	3,853.01%	1,559.58%	11,382.84%	0.00%	15,668.95%	9,474.73%	11,007.65%	0.00%	35.93%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	163M	175M	152M	123M	159M	139M	192M	149M	237M	199M	153M	96M	107M	87M	38M	82M	106M	45M	58M	2M
Return on Cash & Short-Term Investments	36.28%	53.32%	52.30%	46.48%	26.93%	49.00%	32.91%	95.15%	62.59%	56.35%	52.65%	59.60%	41.38%	46.42%	82.89%	29.31%	18.14%	26.20%	17.71%	298.11%
Net Receivables	515M	448M	274M	186M	512M	523M	511M	444M	249M	183M	164M	54M	50M	47M	33M	19M	0M	0M	0M	0M
Return on Net Receivables	11.23%	25.04%	51.70%	49.16%	8.35%	13.01%	12.34%	31.98%	59.52%	61.21%	49.11%	105.80%	89.51%	86.20%	95.74%	124.59%	0.00%	0.00%	0.00%	0.00%
Inventory	26M	23M	19M	16M	33M	26M	18M	22M	16M	29M	28M	7M	6M	9M	11M	13M	10M	6M	1M	3M
Return on Inventory	246.85%	457.63%	504.23%	455.24%	131.39%	265.19%	343.96%	647.09%	900.54%	385.06%	284.50%	867.02%	748.06%	469.46%	287.00%	181.02%	183.37%	183.57%	951.44%	250.28%
Other Current Assets	113M	116M	115M	89M	83M	128M	127M	125M	117M	142M	155M	86M	94M	87M	86M	49M	23M	23M	7M	10M
Return on Other Current Assets	51.33%	78.81%	68.50%	70.89%	51.21%	53.26%	49.51%	113.79%	126.28%	78.65%	52.12%	66.58%	47.17%	46.39%	36.46%	48.67%	84.28%	50.65%	158.31%	62.61%
Total Current Assets	839M	775M	566M	418M	851M	815M	849M	740M	619M	553M	501M	243M	257M	229M	167M	164M	139M	74M	66M	15M
Return on Total Current Assets	6.93%	12.78%	15.87%	15.82%	5.02%	8.35%	7.43%	19.19%	23.92%	20.25%	16.11%	23.58%	17.28%	17.60%	18.72%	14.66%	13.80%	15.78%	15.67%	42.88%
Property, Plant & Equipment	570M	543M	445M	325M	583M	571M	556M	538M	469M	440M	380M	334M	301M	276M	154M	103M	75M	81M	19M	18M
Return on Property, Plant & Equipment	10.20%	17.72%	18.18%	21.33%	7.32%	11.92%	11.36%	26.40%	31.60%	25.44%	21.24%	17.17%	14.75%	14.62%	20.33%	23.28%	25.66%	14.55%	54.26%	35.33%
Goodwill	374M	366M	305M	214M	345M	388M	388M	388M	319M	296M	284M	251M	217M	172M	80M	47M	34M	0M	0M	0M
Return on Goodwill	15.39%	25.83%	26.22%	27.18%	12.39%	17.52%	16.25%	36.57%	46.43%	37.81%	28.46%	22.81%	20.54%	23.40%	38.87%	50.52%	56.06%	0.00%	0.00%	0.00%
Intangible Assets	314M	308M	267M	194M	323M	301M	318M	335M	261M	254M	254M	232M	209M	179M	100M	44M	35M	60M	4M	4M
Return on Intangible Assets	18.54%	30.95%	29.92%	47.41%	13.22%	22.59%	19.81%	42.39%	56.72%	44.14%	31.85%	24.71%	21.27%	22.49%	31.33%	54.71%	54.40%	19.51%	251.96%	150.13%
Long-Term Investments	132M	127M	103M	83M	132M	130M	134M	120M	120M	126M	133M	80M	44M	13M	7M	194M	3M	8M	0M	0M
Return on Long-Term Investments	43.94%	74.70%	100.73%	146.82%	32.41%	52.19%	47.22%	118.24%	123.43%	89.06%	60.83%	71.78%	100.53%	311.60%	441.24%	12.37%	590.02%	151.43%	0.00%	0.00%
Tax Assets	2M	2M	3M	2M	2M	0M	3M	4M	4M	4M	5M	4M	4M	2M	1M	0M	0M	0M	0M	0M
Return on Tax Assets	1,529.58%	2,417.86%	2,155.76%	3,265.94%	2,124.76%	0.00%	2,463.97%	3,700.71%	3,799.84%	2,751.86%	1,689.25%	1,473.70%	1,192.87%	2,360.62%	5,988.93%	6,500.38%	6,039.20%	4,315.60%	4,587.48%	3,616.24%
Other Non-Current Assets	13M	6M	1M	-12M	22M	21M	-3M	-4M	-4M	-4M	-5M	-4M	-4M	-2M	-1M	-194M	0M	0M	3M	2M
Return on Other Non-Current Assets	-646.64%	-1,888.09%	-1,890.88%	-967.96%	194.45%	329.59%	-2,463.97%	-3,700.71%	-3,799.84%	-2,751.86%	-1,689.25%	-1,473.70%	-1,192.87%	-2,360.62%	-5,988.93%	-12.34%	6,510.70%	3,473.13%	406.80%	382.48%
Other Assets	7M	17M	38M	28M	0M	0M	20M	22M	45M	25M	71M	62M	55M	78M	22M	14M	0M	0M	0M	0M
Return on Other Assets	105.47%	257.25%	207.02%	159.11%	0.00%	0.00%	316.42%	643.80%	326.05%	443.90%	113.60%	93.25%	81.45%	51.75%	144.00%	172.45%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	1,405M	1,353M	1,124M	807M	1,407M	1,412M	1,396M	1,382M	1,169M	1,116M	1,050M	898M	771M	641M	341M	194M	148M	149M	26M	24M
Return on Total Non-Current Assets	4.13%	7.07%	7.15%	10.25%	3.04%	4.82%	4.52%	10.28%	12.67%	10.04%	7.69%	6.39%	5.77%	6.30%	9.17%	12.34%	12.95%	7.87%	39.88%	26.42%
Total Assets	2,250M	2,145M	1,728M	1,252M	2,258M	2,227M	2,265M	2,144M	1,833M	1,694M	1,623M	1,202M	1,083M	948M	529M	372M	287M	224M	92M	38M
Return on Total Assets	2.58%	4.49%	4.72%	5.51%	1.89%	3.06%	2.79%	6.62%	8.08%	6.61%	4.98%	4.77%	4.11%	4.26%	5.90%	6.45%	6.68%	5.25%	11.25%	16.35%
Accounts Payable	92M	104M	80M	58M	82M	80M	113M	118M	125M	109M	99M	26M	27M	22M	16M	11M	9M	25M	7M	6M
Return on Accounts Payable	64.39%	86.40%	119.10%	134.08%	52.35%	85.11%	55.70%	119.99%	118.83%	103.08%	81.22%	223.65%	166.44%	184.62%	190.48%	216.34%	212.16%	47.85%	153.46%	112.23%
Short-Term Debt	435M	385M	272M	199M	368M	523M	414M	293M	326M	186M	228M	137M	120M	121M	94M	33M	91M	40M	4M	6M
Return on Short-Term Debt	13.28%	26.78%	34.15%	52.53%	11.60%	13.00%	15.25%	48.55%	45.48%	60.13%	35.39%	41.73%	36.93%	33.46%	33.34%	73.65%	21.11%	29.06%	289.20%	109.65%
Tax Payables	92M	93M	60M	41M	89M	97M	91M	99M	89M	59M	33M	18M	14M	10M	7M	5M	3M	1M	0M	0M
Return on Tax Payables	62.53%	99.51%	197.14%	653.14%	48.09%	70.44%	69.05%	142.77%	167.20%	190.75%	243.92%	323.07%	321.31%	394.82%	430.73%	493.47%	575.27%	1,510.22%	4,815.94%	2,711.08%
Deferred Revenue	-138M	-141M	-150M	-108M	0M	0M	-414M	-293M	0M	-187M	-228M	-137M	-120M	-121M	-94M	-33M	0M	0M	0M	0M
Return on Deferred Revenue	-5.08%	-12.76%	-27.13%	-25.22%	0.00%	0.00%	-15.24%	-48.55%	0.00%	-59.97%	-35.39%	-41.73%	-36.93%	-33.46%	-33.34%	-73.65%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	296M	307M	228M	162M	153M	161M	573M	488M	161M	345M	148M	100M	79M	76M	60M	51M	17M	12M	4M	6M
Return on Other Current Liabilities	27.11%	40.44%	45.57%	68.38%	27.95%	42.38%	11.01%	29.13%	91.75%	32.51%	54.52%	57.41%	56.00%	53.01%	52.37%	47.19%	115.66%	94.96%	259.91%	102.91%
Total Current Liabilities	723M	692M	515M	376M	638M	810M	722M	647M	647M	470M	492M	269M	232M	221M	172M	96M	130M	78M	14M	18M
Return on Total Current Liabilities	7.95%	13.74%	16.77%	20.79%	6.70%	8.41%	8.74%	21.97%	22.90%	23.82%	16.41%	21.30%	19.19%	18.25%	18.19%	24.85%	14.74%	15.04%	71.28%	35.57%
Long-Term Debt	558M	534M	484M	340M	624M	442M	609M	603M	393M	551M	542M	413M	391M	270M	105M	111M	24M	26M	1M	5M
Return on Long-Term Debt	10.87%	18.77%	16.93%	99.26%	6.85%	15.40%	10.37%	23.56%	37.67%	20.34%	14.89%	13.89%	11.39%	14.97%	29.88%	21.63%	81.43%	44.46%	1,142.17%	125.70%
Capital Lease Obligations	2M	2M	1M	1M	2M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	4,029.30%	6,968.67%	4,300.78%	2,867.19%	1,756.91%	5,072.58%	5,258.40%	10,032.81%	12,722.65%	8,164.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	104M	100M	80M	56M	101M	104M	106M	107M	84M	78M	67M	60M	53M	45M	22M	9M	6M	4M	0M	0M
Return on Deferred Tax Liabilities	55.71%	95.16%	101.12%	133.36%	42.33%	65.17%	59.64%	132.77%	175.91%	144.39%	119.82%	96.28%	84.60%	90.27%	139.31%	264.08%	311.82%	274.05%	0.00%	7,572.48%
Other Non-Current Liabilities	36M	21M	11M	7M	0M	107M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	4M	0M	0M
Return on Other Non-Current Liabilities	21.18%	12.71%	6.35%	26.30%	0.00%	63.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	330.92%	0.00%	0.00%
Total Non-Current Liabilities	666M	638M	536M	376M	731M	550M	717M	713M	480M	551M	542M	413M	391M	270M	105M	111M	30M	34M	1M	5M
Return on Total Non-Current Liabilities	9.01%	15.56%	15.33%	96.39%	5.84%	12.38%	8.80%	19.93%	30.86%	20.34%	14.89%	13.89%	11.39%	14.97%	29.88%	21.63%	64.57%	34.29%	1,142.17%	123.65%
Total Liabilities	1,389M	1,331M	1,088M	780M	1,369M	1,360M	1,439M	1,359M	1,127M	1,100M	1,120M	760M	693M	553M	320M	217M	160M	112M	15M	23M
Return on Total Liabilities	4.17%	7.22%	7.48%	12.34%	3.12%	5.01%	4.39%	10.45%	13.15%	10.18%	7.21%	7.55%	6.42%	7.30%	9.77%	11.05%	12.00%	10.45%	67.09%	27.62%
Preferred Stock	4M	4M	5M	4M	0M	0M	11M	10M	0M	8M	9M	6M	9M	1M	2M	3M	0M	0M	0M	0M
Return on Preferred Stock	191.48%	410.13%	959.25%	826.79%	0.00%	0.00%	574.43%	1,476.22%	0.00%	1,492.09%	898.79%	970.38%	503.91%	3,676.65%	1,855.48%	953.90%	0.00%	0.00%	0.00%	0.00%
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	0M
Return on Common Stock	4,889.69%	7,762.97%	6,694.46%	5,103.03%	3,642.23%	5,803.03%	5,223.80%	11,819.89%	12,325.92%	9,361.55%	6,824.24%	4,847.12%	3,757.54%	3,339.31%	3,110.82%	2,387.24%	1,908.96%	1,169.00%	1,024.84%	0.00%
Retained Earnings	718M	661M	455M	319M	691M	834M	630M	588M	561M	412M	300M	220M	173M	139M	99M	68M	38M	21M	10M	6M
Return on Retained Earnings	8.12%	14.98%	20.97%	32.00%	6.18%	8.16%	10.01%	24.14%	26.42%	27.16%	26.89%	26.12%	25.67%	28.98%	31.61%	35.46%	49.87%	55.14%	98.13%	104.49%
Accumulated OCI	-12M	-12M	-9M	-8M	-14M	-13M	-11M	-10M	-11M	-8M	-9M	-6M	-9M	-1M	-2M	-3M	-10M	-7M	-5M	-4M
Return on Accumulated OCI	-471.96%	-852.63%	-1,180.50%	-1,012.62%	-313.87%	-527.58%	-574.43%	-1,476.22%	-1,371.04%	-1,492.09%	-898.79%	-970.38%	-503.91%	-3,676.65%	-1,855.48%	-953.90%	-183.32%	-170.57%	-221.10%	-173.60%
Minority Interest	45M	44M	46M	38M	45M	44M	45M	44M	40M	42M	42M	48M	45M	62M	47M	24M	21M	24M	0M	0M
Return on Minority Interest	129.83%	216.67%	182.55%	312.16%	94.59%	153.63%	141.27%	322.59%	371.24%	266.13%	193.65%	119.09%	97.78%	65.49%	66.51%	98.76%	93.14%	49.22%	2,549.31%	1,565.89%
Total Shareholders’ Equity	816M	771M	594M	434M	844M	823M	782M	741M	667M	552M	461M	394M	345M	333M	163M	131M	107M	87M	76M	15M
Return on Total Shareholders’ Equity	7.13%	12.56%	14.01%	14.85%	5.06%	8.27%	8.07%	19.18%	22.21%	20.28%	17.51%	14.55%	12.89%	12.10%	19.21%	18.36%	17.98%	13.43%	13.59%	41.10%
Total Equity	861M	815M	640M	472M	889M	867M	826M	785M	707M	594M	503M	443M	391M	395M	210M	155M	127M	111M	76M	16M
Return on Total Equity	6.76%	11.87%	12.88%	13.22%	4.81%	7.85%	7.64%	18.10%	20.95%	18.85%	16.06%	12.97%	11.39%	10.22%	14.91%	15.48%	15.07%	10.55%	13.51%	40.05%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	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%	0.00%	0.00%
Total Investments	134M	129M	105M	88M	134M	132M	135M	121M	124M	133M	134M	80M	45M	13M	7M	194M	57M	8M	0M	0M
Return on Total Investments	43.33%	73.38%	98.50%	107.13%	31.91%	51.39%	46.68%	117.31%	119.60%	84.25%	60.51%	71.78%	99.89%	301.68%	424.24%	12.37%	33.87%	151.43%	0.00%	0.00%
Net Debt	834M	748M	606M	421M	838M	830M	833M	752M	487M	547M	616M	453M	402M	302M	159M	62M	62M	22M	-54M	9M
Return on Net Debt	6.96%	14.03%	14.08%	17.64%	5.10%	8.20%	7.57%	18.88%	30.40%	20.49%	13.11%	12.68%	11.06%	13.36%	19.67%	38.92%	30.93%	53.38%	-19.19%	72.88%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2011-12-31	2010-12-31	2009-12-31
Net Income	58M	93M	80M	60M	43M	68M	63M	142M	148M	112M	81M	57M	44M	40M	31M	24M	19M	12M	10M	6M
Working Capital	116M	83M	51M	42M	213M	6M	127M	94M	-28M	83M	9M	-26M	26M	8M	-5M	67M	9M	-4M	51M	-3M
Return on Working Capital	411.65%	169.71%	231.07%	108.46%	20.03%	1,165.40%	49.53%	151.67%	-538.08%	134.83%	883.38%	-219.75%	173.66%	489.99%	-638.00%	35.75%	216.41%	-318.01%	20.08%	-208.55%
Total Capital	1,811M	1,692M	1,350M	972M	1,839M	1,790M	1,805M	1,637M	1,387M	1,291M	1,230M	943M	854M	722M	359M	274M	221M	154M	80M	26M
Return on Total Capital	3.21%	5.80%	6.11%	7.18%	2.32%	3.80%	3.50%	8.68%	10.68%	8.68%	6.57%	6.08%	5.21%	5.59%	8.71%	8.75%	8.68%	7.61%	12.83%	24.15%
Capital Employed	1,527M	1,453M	1,213M	876M	1,620M	1,417M	1,543M	1,497M	1,187M	1,224M	1,131M	933M	852M	727M	358M	275M	157M	146M	77M	21M
Return on Capital Employed	3.84%	6.70%	6.67%	7.85%	2.64%	4.80%	4.09%	9.49%	12.48%	9.15%	7.14%	6.15%	5.22%	5.55%	8.74%	8.71%	12.22%	8.07%	13.36%	30.25%
Invested Capital	1,650M	1,519M	1,200M	854M	1,682M	1,653M	1,615M	1,493M	1,154M	1,099M	1,078M	847M	747M	635M	322M	192M	169M	109M	22M	24M
Return on Invested Capital	3.52%	6.58%	6.97%	10.70%	2.54%	4.12%	3.91%	9.51%	12.83%	10.19%	7.50%	6.77%	5.95%	6.35%	9.72%	12.48%	11.37%	10.73%	46.56%	26.28%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2011-12-31	2010-12-31	2009-12-31
Net Income	58M	93M	80M	60M	101M	158M	43M	68M	63M	142M	148M	112M	81M	57M	44M	40M	31M	24M	19M	12M	10M	6M
Depreciation & Amortization	50M	47M	37M	26M	51M	112M	52M	50M	48M	46M	39M	35M	29M	26M	24M	19M	10M	6M	5M	3M	1M	1M
Return on Depreciation & Amortization	116.50%	208.77%	225.60%	300.06%	198.46%	141.65%	81.53%	135.17%	132.79%	310.38%	383.97%	322.64%	274.49%	220.88%	186.69%	207.42%	303.64%	397.28%	380.72%	367.49%	795.87%	575.09%
Deferred Income Tax	0M	10M	27M	19M	0M	0M	0M	0M	0M	0M	49M	58M	162M	3M	0M	2M	4M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	0.00%	59.95%	1,486.53%	1,039.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	299.76%	193.12%	49.94%	2,148.67%	10,274.72%	1,899.12%	732.94%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	0.00%	21,968.67%	15,413.27%	10,526.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	109,843.37%	12,520.69%	11,773.73%	8,801.44%	5,977.09%	5,216.41%	3,765.87%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-43M	-69M	-57M	-40M	-37M	-238M	-22M	-36M	-73M	-163M	-50M	-59M	-162M	-3M	-1M	-3M	-5M	-9M	-3M	-8M	-1M	-1M
Return on Change in Working Capital	-158.45%	-172.24%	-799.93%	-704.19%	-277.37%	-66.56%	-198.18%	-190.89%	-86.29%	-86.91%	-298.94%	-190.19%	-49.73%	-1,727.05%	-3,778.84%	-1,392.25%	-613.53%	-265.50%	-639.97%	-141.37%	-903.21%	-945.35%
Accounts Receivable	-27M	-61M	-52M	-35M	-6M	-235M	-6M	0M	-77M	-158M	-63M	-59M	-141M	-4M	-4M	-6M	-9M	-7M	0M	0M	0M	0M
Return on Accounts Receivable	6,131.96%	3,614.11%	1,449.93%	920.09%	-1,795.67%	-67.48%	-712.04%	19,190.16%	-82.24%	-89.83%	-235.50%	-191.30%	-57.26%	-1,570.70%	-1,032.92%	-719.11%	-355.07%	-342.80%	0.00%	0.00%	0.00%	0.00%
Inventory	-4M	-1M	-2M	-1M	-14M	-2M	-7M	-7M	4M	-5M	13M	0M	-21M	0M	3M	3M	4M	-2M	-1M	0M	1M	0M
Return on Inventory	65.98%	-273.46%	-1,415.17%	-1,479.83%	-715.47%	-9,283.06%	-623.93%	-929.76%	1,751.63%	-2,674.88%	1,109.65%	-32,664.69%	-378.30%	17,349.79%	1,421.48%	1,487.32%	842.88%	-1,177.48%	-1,419.83%	-7,011.02%	719.74%	2,397.13%
Accounts Payable	-9M	-4M	-2M	-1M	0M	0M	0M	-21M	-8M	9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	-381.92%	219,763.88%	107,633.57%	71,755.71%	0.00%	0.00%	0.00%	-329.34%	-816.44%	1,531.51%	1,098,433.68%	-22,483.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-3M	-4M	-3M	-3M	-17M	-2M	-9M	-8M	8M	-9M	0M	0M	-4M	0M	2M	-13M	-2M	5M	-2M	-8M	-3M	-1M
Return on Other Working Capital	-174.14%	-220,097.52%	-107,775.57%	-72,037.00%	-605.80%	-10,259.73%	-490.51%	-848.35%	816.44%	-1,531.51%	-1,098,433.68%	22,483.73%	-1,961.21%	0.00%	2,517.30%	-307.89%	-1,620.56%	531.21%	-1,165.13%	-144.28%	-400.55%	-677.98%
Other Non-Cash Items	39M	32M	10M	5M	113M	112M	28M	28M	60M	33M	11M	37M	-45M	-18M	-6M	-24M	-5M	-2M	-13M	-7M	-3M	-2M
Return on Other Non-Cash Items	166.44%	465.76%	125.44%	-63.52%	89.71%	141.07%	155.15%	239.56%	104.60%	427.44%	1,402.04%	303.78%	-181.49%	-319.55%	-711.74%	-165.37%	-576.78%	-989.66%	-142.27%	-180.60%	-317.98%	-327.10%
Net Cash from Operating Activities	124M	126M	103M	75M	229M	145M	130M	145M	98M	58M	197M	184M	66M	63M	62M	33M	32M	19M	17M	5M	10M	7M
Return on Net Cash from Operating Activities	48.10%	93.20%	93.49%	106.83%	44.29%	109.59%	32.78%	47.03%	64.51%	246.61%	75.09%	61.01%	122.95%	91.47%	72.18%	121.25%	98.09%	129.20%	110.42%	230.99%	98.88%	86.83%
Capital Expenditures (PPE)	-46M	-48M	-43M	-35M	-45M	-115M	-40M	-44M	-55M	-59M	-40M	-45M	-45M	-42M	-25M	-37M	-35M	-19M	-17M	-24M	-2M	-2M
Return on Capital Expenditures (PPE)	-124.83%	-197.20%	-183.41%	-178.51%	-224.64%	-138.29%	-105.53%	-153.66%	-115.32%	-240.75%	-370.77%	-249.27%	-177.83%	-135.57%	-177.36%	-108.09%	-88.99%	-128.60%	-113.56%	-48.62%	-463.76%	-326.35%
Acquisitions (Net)	-5M	-41M	-65M	-52M	-1M	-28M	0M	0M	-14M	-130M	-60M	-38M	-107M	-83M	-65M	-155M	-66M	-16M	-5M	-46M	0M	0M
Return on Acquisitions (Net)	-13,166.86%	-7,971.34%	-4,039.15%	-2,734.51%	-15,790.23%	-575.10%	-13,149.58%	-25,894.28%	-456.73%	-108.97%	-247.13%	-295.86%	-75.40%	-68.94%	-68.59%	-26.06%	-47.65%	-152.89%	-399.85%	-25.78%	0.00%	0.00%
Purchases of Investments	-93M	-158M	-131M	-108M	0M	0M	-250M	-9M	-19M	-7M	-507M	-48M	-349M	-100M	-13M	-8M	-74M	-47M	-65M	-118M	0M	0M
Return on Purchases of Investments	-358.26%	-646.63%	-442.64%	-303.93%	0.00%	0.00%	-17.07%	-719.84%	-337.88%	-2,129.13%	-29.23%	-232.11%	-23.14%	-57.31%	-344.37%	-536.31%	-42.37%	-50.89%	-29.37%	-9.97%	0.00%	0.00%
Sales / Maturities of Investments	85M	153M	135M	108M	0M	0M	238M	5M	11M	0M	507M	93M	351M	109M	18M	15M	65M	72M	24M	109M	0M	0M
Return on Sales / Maturities of Investments	605.36%	2,001,713.05%	1,000,928.42%	667,297.12%	0.00%	0.00%	17.93%	1,243.16%	554.97%	10,006,720.00%	29.18%	120.67%	23.04%	52.84%	252.18%	270.26%	48.28%	33.14%	80.35%	10.75%	0.00%	0.00%
Other Investing Activities	5M	-3M	-4M	-4M	-6M	-36M	1M	4M	10M	-6M	-24M	3M	3M	0M	-7M	-29M	-11M	-4M	-2M	-2M	5M	-3M
Return on Other Investing Activities	2,867.73%	1,098.31%	-36.45%	-179.91%	-1,752.45%	-436.79%	6,344.73%	1,609.00%	649.46%	-2,485.22%	-626.40%	4,025.60%	2,409.47%	-11,526.95%	-623.45%	-140.74%	-277.31%	-655.94%	-1,110.36%	-503.50%	212.89%	-210.63%
Net Cash from Investing Activities	-54M	-97M	-109M	-91M	-52M	-178M	-52M	-44M	-66M	-202M	-123M	-35M	-148M	-118M	-92M	-213M	-121M	-13M	-65M	-81M	3M	-5M
Return on Net Cash from Investing Activities	-110.30%	-104.40%	-100.86%	-58.20%	-196.63%	-88.81%	-81.86%	-153.61%	-95.43%	-70.41%	-120.69%	-315.99%	-54.69%	-48.80%	-48.17%	-18.91%	-25.83%	-188.00%	-29.58%	-14.56%	393.53%	-128.01%
Net Debt Issuance	15M	45M	65M	54M	113M	129M	20M	-70M	94M	172M	9M	-42M	203M	59M	102M	98M	45M	24M	55M	53M	-6M	-2M
Return on Net Debt Issuance	60.04%	371.47%	181.26%	124.97%	89.86%	122.74%	210.62%	-97.44%	66.95%	82.76%	1,594.44%	-267.22%	39.78%	97.97%	43.57%	41.21%	69.04%	98.77%	35.06%	21.97%	-162.93%	-342.77%
Long-Term Debt Issuance	15M	45M	65M	54M	113M	129M	20M	-69M	94M	172M	9M	-42M	203M	59M	102M	98M	45M	24M	55M	53M	-6M	-2M
Return on Long-Term Debt Issuance	59.79%	371.31%	181.19%	124.92%	89.86%	122.74%	210.62%	-98.21%	66.95%	82.76%	1,594.44%	-267.22%	39.78%	97.97%	43.57%	41.21%	69.04%	98.77%	35.06%	21.97%	-162.93%	-342.77%
Short-Term Debt Issuance	0M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-4,146.67%	-2,488.00%	-1,244.00%	-829.33%	0.00%	0.00%	0.00%	-12,440.00%	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%
Net Stock Issuance	3M	-3M	-3M	4M	0M	-67M	0M	0M	9M	-28M	3M	6M	0M	0M	-15M	0M	0M	0M	0M	8M	71M	0M
Return on Net Stock Issuance	-4,766.70%	-1,794.98%	-749.87%	-489.08%	0.00%	-235.90%	0.00%	-14,991.00%	690.90%	-498.60%	5,823.82%	1,780.88%	0.00%	0.00%	-304.75%	0.00%	0.00%	0.00%	0.00%	148.00%	14.55%	0.00%
Common Stock Issuance	16M	10M	19M	18M	0M	0M	0M	0M	47M	0M	3M	6M	0M	0M	0M	130M	0M	0M	0M	8M	71M	0M
Return on Common Stock Issuance	44.40%	1,191.40%	776.89%	528.76%	0.00%	0.00%	0.00%	0.00%	133.20%	0.00%	5,823.82%	1,780.88%	0.00%	0.00%	0.00%	31.02%	0.00%	0.00%	0.00%	148.00%	14.55%	0.00%
Common Stock Repurchased	-13M	-13M	-8M	-5M	0M	-67M	0M	0M	-38M	-28M	0M	0M	0M	0M	-15M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-5,052.01%	-3,130.92%	-1,595.94%	-1,063.96%	0.00%	-235.90%	0.00%	-14,991.00%	-165.02%	-498.60%	0.00%	0.00%	0.00%	0.00%	-304.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	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%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-26M	-30M	-21M	-15M	-46M	-51M	-24M	-22M	-32M	-41M	-33M	-30M	-11M	-11M	-10M	0M	0M	0M	0M	0M	-5M	0M
Return on Net Dividends Paid	-230.21%	-296.11%	-355.09%	-250.99%	-221.45%	-312.21%	-177.24%	-314.08%	-199.30%	-345.87%	-444.04%	-372.54%	-749.24%	-520.75%	-427.82%	0.00%	0.00%	0.00%	0.00%	0.00%	-213.93%	0.00%
Common Dividends Paid	-26M	-30M	-21M	-15M	-46M	-51M	-24M	-22M	-32M	-41M	-33M	-30M	-11M	-11M	-10M	0M	0M	0M	0M	0M	-5M	0M
Return on Common Dividends Paid	-230.21%	-296.11%	-355.09%	-250.99%	-221.45%	-312.21%	-177.24%	-314.08%	-199.30%	-345.87%	-444.04%	-372.54%	-749.24%	-520.75%	-427.82%	0.00%	0.00%	0.00%	0.00%	0.00%	-213.93%	0.00%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	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%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-58M	-46M	-23M	-16M	-265M	40M	-54M	-62M	-58M	-46M	-11M	-44M	-51M	-1M	-31M	129M	-1M	-1M	1M	0M	-17M	0M
Return on Other Financing Activities	-99.48%	-388.14%	-632.57%	-875.33%	-38.21%	396.61%	-78.63%	-110.31%	-109.51%	-308.28%	-1,333.97%	-254.51%	-159.40%	-3,858.08%	-144.33%	31.35%	-5,869.18%	-2,749.31%	1,876.35%	0.00%	-62.14%	0.00%
Net Cash from Financing Activities	-66M	-35M	18M	27M	-198M	51M	-58M	-154M	14M	56M	-33M	-110M	142M	46M	46M	227M	45M	23M	56M	61M	43M	-2M
Return on Net Cash from Financing Activities	109.93%	25.90%	32.29%	38.18%	-51.13%	309.89%	-73.47%	-44.29%	447.56%	253.66%	-453.97%	-102.10%	57.04%	124.57%	96.11%	17.80%	69.86%	102.45%	34.42%	19.13%	23.92%	-342.77%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-1M	0M	-3M	-2M	5M	3M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	-24,617.91%	-23,750.25%	-9,559.03%	-40,483.51%	-29,390.62%	228,336.61%	-13,941.36%	-77,724.80%	17,812.42%	-23,985.43%	-20,912.06%	25,917.21%	-2,541.04%	-2,639.57%	861.52%	1,562.80%	-647,508.82%	10,257.74%	148,458.24%	-6,894.17%	-15,975.33%	0.00%
Net Change in Cash	4M	-7M	12M	10M	-178M	17M	20M	-53M	46M	-89M	41M	39M	56M	-11M	21M	49M	-44M	29M	8M	-14M	56M	0M
Return on Net Change in Cash	75.37%	85.11%	62.96%	53.97%	-57.00%	912.08%	216.97%	-127.60%	136.73%	-160.08%	359.53%	288.10%	143.12%	-523.96%	214.64%	82.20%	-70.38%	81.43%	232.21%	-81.78%	18.38%	1,269.68%
Cash at Beginning of Period	157M	179M	138M	108M	357M	661M	137M	190M	144M	233M	192M	153M	96M	107M	86M	37M	82M	52M	44M	58M	2M	2M
Return on Cash at Beginning of Period	36.93%	49.82%	61.92%	83.65%	28.37%	23.98%	31.21%	35.78%	43.80%	61.01%	77.31%	73.35%	83.91%	53.52%	51.43%	107.84%	38.19%	45.79%	43.47%	20.08%	488.08%	389.58%
Cash at End of Period	161M	172M	149M	118M	357M	678M	157M	137M	190M	144M	233M	192M	153M	96M	107M	86M	37M	82M	52M	44M	58M	2M
Return on Cash at End of Period	36.73%	54.48%	53.15%	48.35%	28.37%	23.37%	27.29%	49.73%	33.18%	98.59%	63.63%	58.46%	52.90%	59.60%	41.49%	46.64%	83.52%	29.31%	36.62%	26.62%	17.71%	298.11%
Operating Cash Flow	124M	126M	103M	75M	229M	145M	130M	145M	98M	58M	197M	184M	66M	63M	62M	33M	32M	19M	17M	5M	10M	7M
Return on Operating Cash Flow	48.10%	93.20%	93.49%	106.83%	44.29%	109.59%	32.78%	47.03%	64.51%	246.61%	75.09%	61.01%	122.95%	91.47%	72.18%	121.25%	98.09%	129.20%	110.42%	230.99%	98.88%	86.83%
Capital Expenditure	-48M	-48M	-44M	-36M	-65M	-115M	-43M	-45M	-55M	-59M	-40M	-45M	-45M	-42M	-25M	-37M	-35M	-19M	-17M	-24M	-2M	-2M
Return on Capital Expenditure	-121.72%	-195.33%	-182.48%	-177.89%	-154.94%	-138.29%	-98.94%	-150.89%	-115.32%	-240.75%	-370.77%	-249.27%	-177.83%	-135.57%	-177.36%	-108.09%	-88.99%	-128.60%	-113.56%	-48.62%	-463.76%	-326.35%
Free Cash Flow	77M	77M	60M	39M	163M	30M	87M	100M	43M	-1M	157M	139M	20M	20M	37M	-4M	-3M	0M	0M	-19M	8M	5M
Return on Free Cash Flow	87.91%	-1,954.07%	-988.40%	-2,320.18%	62.01%	528.15%	49.02%	68.32%	146.40%	-10,128.26%	94.16%	80.78%	398.42%	281.21%	121.71%	-995.80%	-959.94%	-28,017.41%	3,994.59%	-61.58%	125.68%	118.30%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2011-12-31	2010-12-31	2009-12-31
Net Income	79M	105M	86M	65M	101M	158M	72M	102M	63M	142M	148M	112M	81M	57M	44M	40M	31M	24M	29M	17M	13M	9M
EBITDA	195M	219M	185M	135M	350M	431M	184M	208M	195M	256M	255M	241M	204M	115M	103M	88M	61M	42M	33M	22M	16M	11M
Return on EBITDA	40.17%	46.81%	45.88%	54.56%	28.94%	36.75%	39.13%	48.97%	32.41%	55.42%	58.09%	46.40%	39.59%	49.95%	43.10%	45.74%	50.84%	56.90%	88.42%	76.75%	86.62%	80.65%
(-) Tax Adjustment	62M	62M	52M	38M	113M	119M	66M	61M	58M	63M	64M	67M	62M	29M	26M	23M	17M	10M	9M	5M	4M	2M
Return on (-) Tax Adjustment	128.01%	168.40%	168.42%	210.00%	89.40%	133.63%	108.71%	167.18%	108.14%	225.67%	232.31%	166.65%	129.48%	196.09%	173.77%	176.20%	187.49%	233.95%	334.08%	330.97%	379.25%	354.75%
(-) Change In Working Capital	-43M	-69M	-57M	-40M	-37M	-238M	-22M	-36M	-73M	-163M	-50M	-59M	-162M	-3M	-1M	-3M	-5M	-9M	-3M	-8M	-1M	-1M
Return on (-) Change In Working Capital	-235.04%	-218.19%	-822.90%	-763.63%	-277.37%	-66.56%	-333.81%	-285.02%	-86.29%	-86.91%	-298.94%	-190.19%	-49.73%	-1,727.05%	-3,778.84%	-1,392.25%	-613.53%	-265.50%	-961.31%	-201.01%	-1,184.00%	-1,313.38%
(-) Capital Expenditure	-48M	-48M	-44M	-36M	-65M	-115M	-43M	-45M	-55M	-59M	-40M	-45M	-45M	-42M	-25M	-37M	-35M	-19M	-17M	-24M	-2M	-2M
Return on (-) Capital Expenditure	-169.09%	-223.75%	-196.69%	-202.14%	-154.94%	-138.29%	-166.64%	-225.30%	-115.32%	-240.75%	-370.77%	-249.27%	-177.83%	-135.57%	-177.36%	-108.09%	-88.99%	-128.60%	-170.58%	-69.13%	-607.94%	-453.40%
Unlevered Free Cash Flow	129M	177M	146M	102M	208M	436M	96M	137M	155M	298M	201M	188M	259M	47M	54M	31M	15M	22M	10M	1M	11M	7M
Return on Unlevered Free Cash Flow	63.23%	62.23%	73.85%	227.01%	48.73%	36.34%	74.88%	74.03%	40.78%	47.70%	73.76%	59.54%	31.23%	123.11%	82.82%	130.66%	211.52%	107.62%	286.21%	1,938.00%	123.34%	122.91%
(-) Net Interest Income After Taxes	-35M	-30M	-16M	-11M	-54M	62M	-34M	-38M	-31M	-24M	-25M	-2M	-4M	-4M	-2M	-1M	-1M	0M	-3M	-1M	-1M	-1M
Return on (-) Net Interest Income After Taxes	-225.59%	-374.76%	-1,901.30%	-3,634.59%	-189.31%	254.53%	-208.97%	-265.23%	-202.57%	-600.96%	-596.06%	-6,698.86%	-1,959.17%	-1,595.82%	-2,734.17%	-4,151.18%	-4,951.94%	-25,483.54%	-862.66%	-1,626.14%	-2,581.56%	-1,328.23%
Net Debt Issuance	15M	45M	65M	54M	113M	129M	20M	-70M	94M	172M	9M	-42M	203M	59M	102M	98M	45M	24M	55M	53M	-6M	-2M
Return on Net Debt Issuance	92.08%	390.69%	190.87%	129.79%	89.86%	122.74%	354.76%	-145.49%	66.95%	82.76%	1,594.44%	-267.22%	39.78%	97.97%	43.57%	41.21%	69.04%	98.77%	52.67%	31.24%	-213.57%	-476.21%
Levered Free Cash Flow	179M	253M	227M	167M	374M	503M	151M	106M	280M	493M	235M	148M	466M	109M	157M	130M	61M	47M	68M	55M	5M	6M
Return on Levered Free Cash Flow	55.45%	51.64%	46.34%	60.07%	27.07%	31.51%	47.71%	96.11%	22.53%	28.81%	63.05%	75.74%	17.34%	52.75%	28.25%	31.09%	51.51%	51.40%	42.30%	30.18%	262.28%	147.29%