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Financial Benchmarking as an Airline Competitiveness Assessment Tool

Table 7:

Group Indicator (symbol) Score factors in points
number 2012 2013 2014
Liquidity
1 CL 2 2 2
QL 2 2 2
AL 2 3 2
Group average 2.00 2.30 2.00
Significance of the group in the overall rating, rel. units 0.30 0.30 0.30
Evaluation of indicators based on the significance of the group, points 0.60 0.69 0.60
Capital structure
2 D/E 2 2 2
NWC/CA 5 5 5
E/LTA 2 2 2
Group average 3.00 3.00 3.00
Significance of the group in the overall rating, rel. units 0.15 0.15 0.15
Evaluation of indicators based on the significance of the group, points 0.45 0.45 0.45
Operating Performance or Profitability ratios
3 ROA 3 3 4
ROE 2 2 4
ROS 2 2 2
Group average 2.30 2.30 3.30
Significance of the group in the overall rating, rel. units 0.40 0.40 0.40
Evaluation of indicators based on the significance of the group, points 0.92 0.92 1.32
Assets usage ratios
4 S/CA 3 3 3
S/LA 5 5 5
S/E 5 5 5
Group average 4.30 4.30 4.30
Significance of the group in the overall rating, rel. units 0.15 0.15 0.15
Evaluation of indicators based on the significance of the group, point 0.65 0.65 0.65
Rating 2.62 2.71
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