of days of inventory 36 32 Collection period (days) 49 43 Accounts payable (days) 50 43 Profitability Ratios Gross profit margin (%) 35.4 34.8 EBITDA margin (%) 20.8 21.0 Net profit margin for the
ratio (times) 1.7 2.1 1.7 2.1 Number of days of inventory 48 30 41 32 Collection period (days) 53 43 49 43 Accounts payable (days) 57 42 50 42 Profitability Ratios Gross profit margin (%) 33.6 35.3 34.5
Collection Period (Days) 37 37 Inventory Turnover Period (Days) 21 19 Average Payable Period (Days) 19 16 Cash Cycle (Days) 39 40 Total Debt to Equity Ratio (Times) 0.43 0.47 Interest Coverage Ratio (Times
Liquidity Ratio (Times) 1.05 0.62 Account Receivable Turnover Ratio (Times) 7.98 7.42 Average Collection Period (Days) 45 48 Inventory Turnover Period (Days) 16 18 Average Payable Period (Days) 15 16 Cash
As at December 31, 2016 Current Ratio (Times) 0.93 1.25 Quick Ratio (Times) 0.46 0.61 Cash flow Liquidity Ratio (Times) 0.72 0.66 Account Receivable Turnover Ratio (Times) 7.76 7.61 Average Collection
Liquidity Ratio (Times) 0.89 0.54 Account Receivable Turnover Ratio (Times) 9.24 8.58 Average Collection Period (Days) 39 42 Inventory Turnover Period (Days) 13 19 Average Payable Period (Days) 16 18 Cash
December 31, 2018 Current Ratio (Times) 1.51 1.48 Quick Ratio (Times) 0.61 0.65 Cash flow Liquidity Ratio (Times) 0.70 0.54 Account Receivable Turnover Ratio (Times) 9.69 8.58 Average Collection Period (Days
Liquidity Ratio (Times) 0.99 0.74 Account Receivable Turnover Ratio (Times) 9.62 9.77 Average Collection Period (Days) 37 37 Inventory Turnover Period (Days) 19 19 Average Payable Period (Days) 16 16 Cash
payable days slightly increased from 65 days to 72 days due to higher vendor financing following network expansion. Credit term and collection period The normal credit term granted by the Company ranges
. Account payable days slightly increased from 72 days to 73 days due to higher capex payable following 5G network expansion. Credit term and collection period The normal credit term granted by the Company