Question: How does this change influence the company's performance? Profitability Ratios 12/31/20 12/31/21 12/31/22 Net Profit Margin Ratio 5.53% 7.10% -0.53% Total Asset Turnover 1.202 1.1172
How does this change influence the company's performance?
| Profitability Ratios | 12/31/20 | 12/31/21 | 12/31/22 | |
| Net Profit Margin Ratio | 5.53% | 7.10% | -0.53% | |
| Total Asset Turnover | 1.202 | 1.1172 | 1.1109 | |
| Return on Assets | 6.64% | 7.93% | -0.59% | |
| Operating Income Margin | 5.93% | 5.30% | 2.38% | |
| Sales to Fixed Assets | ||||
| ROE | 22.84% | 24.13% | -1.86% | |
| Return on Common Equity | 27.40% | 28.8%. | -1.9%. | |
| Gross Profit Margin | 39.57% | 42.81% | 43.81% |
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