Financial Year Ended 31 December 2019 2018 2017 2016 2015
No. of Months 12 12 12 12 12
  Audited Audited Audited Audited Audited
Key Financials
Revenue (RM'000) 61,431 50,382 48,276 41,287 36,425
Earnings Before Interest, Tax, Depreciation & Amortisation (EBITDA) (RM'000) 12,591 10,577 12,034 11,296 9,578
Profit Before Taxation (PBT) (RM'000) 10,441 8,433 10,142 9,594 8,104
Profit After Taxation (PAT) (RM'000) 8,069 6,229 7,860 7,474 7,194
Total Assets (RM'000) 81,920 50,152 34,796 27,909 25,324
Total Equity (RM'000) 63,998 36,053 26,811 18,951 17,276
Key Ratios
Gross Profit Margin (%)29.1 28.5 29.3 31.3 31.1
PBT Margin (%) 17.0 16.7 21.0 23.2 22.2
PAT Margin (%) 13.1 12.4 16.3 18.1 19.8
Earnings Per Share (EPS) (sen) 4.35 2.0(1) 2.5(1) 2.4(1) 2.3(1)
Diluted EPS (sen) 0.0 1.5(2) 1.9(2) 1.8(2) 1.7(2)
Average Trade Receivables Turnover(3) (days) 30 35 35 43 36
Average Trade Payables Turnover(4) (days) 32 24 22 26 28
Average Inventory Turnover(5) (days) 60 64 56 60 59
Current Ratio (times) 5.2 3.6 3.9 2.4 2.5
Gearing Ratio (times) 0.1 0.2 0.2 0.2 0.2

Notes:

(1)Calculated based on the PAT divided by the share capital of 318,000,000 Shares before the Group's IPO.

(2)Calculated based on the PAT divided by the enlarged share capital of 415,687,000 Shares after the Group's IPO.

(3)Computed based on the average trade receivables multiplied by 365 days

(4)Computed based on the average trade payables multiplied by 365 days

(5)Computed based on the average inventories multiplied by 365 days

#Please read this section in conjunction with Spring Art Holdings Berhad's Prospectus dated 16 October 2019.