VARE.L · Ratios · TradingHolo

VARE.L · Ratios · TradingHolo

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	Trend	YoY
Gross margin	−6.4%	7.2%	9.0%	4.2%	7.0%	1.6%	—		—
Operating margin	−75.5%	−30.2%	−6.4%	−9.2%	−1.9%	−2.7%	−2.7%		+0.0 pts
Net margin	−87.7%	−16.7%	−17.7%	−14.7%	−6.8%	−5.2%	−5.2%		+0.0 pts
EBITDA margin	−58.3%	8.4%	−1.2%	3.0%	9.3%	10.3%	—		—
Return on equity	−53.0%	−15.4%	−40.2%	−58.9%	−11.4%	−10.0%	−10.0%		+0.0 pts
Return on assets	−19.9%	−5.3%	−10.1%	−10.0%	−4.6%	−3.9%	−3.9%		+0.0 pts
Return on capital employed	−21.0%	−14.4%	−5.5%	−10.6%	−1.6%	−2.7%	—		—
Debt / equity	1.3×	1.5×	2.5×	4.0×	1.2×	2.1×	2.1×		+0.0%
Debt / assets	50.0%	53.1%	62.5%	67.3%	46.8%	81.6%	—		—
Interest coverage	−6.2×	−4.1×	−1.3×	−1.7×	−0.4×	−0.7×	—		—
Current ratio	2.0×	0.9×	0.5×	0.2×	0.6×	0.6×	0.6×		+0.0%
Quick ratio	1.9×	0.9×	0.5×	0.2×	0.6×	0.5×	—		—
Cash ratio	0.1×	0.8×	0.4×	0.1×	0.4×	0.4×	0.4×		+0.0%
Asset turnover	0.2×	0.3×	0.6×	0.7×	0.7×	0.7×	—		—
Inventory turnover	43.7×	38.0×	45.8×	40.4×	40.2×	43.2×	—		—
Receivables turnover	—	24.2×	24.6×	35.3×	35.4×	41.0×	—		—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—		—

Margins, returns, leverage and liquidityUpdated 30 Sep 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.