2023

Performance Measurement Report

MILAT TRACTOR LIMITED AND AL-GHAZI TRACTOR LIMITED

MUHAMMAD ABUZAR
Table of Contents
Abstract........................................................................................................................................................ 2
Introduction ................................................................................................................................................. 2
Analysis ........................................................................................................................................................ 2
Methodology ............................................................................................................................................ 2
Findings.................................................................................................................................................... 2
Ratios............................................................................................................................................................ 4
Conclusion ................................................................................................................................................... 4
References:................................................................................................................................................... 4
Abstract
This report provides an analysis of the performance of Milat Tractor Limited and Al-Ghazi Tractor
Limited by reviewing their financial statements and calculating basic financial and operating
ratios. The report includes an analysis of the ratios, a comparison of the performance of the two
companies, and an identification of areas where improvement is needed.

Introduction
This report provides an analysis of the performance of Milat Tractor Limited and Al-Ghazi Tractor
Limited. The analysis was conducted by reviewing the financial statements of both companies and
calculating basic financial and operating ratios in the categories of cost centres and profit centers.
The report includes an analysis of the ratios, a comparison of the performance of the two
companies, and an identification of areas where improvement is needed.

Analysis
Methodology
The analysis was conducted by reviewing the financial statements of both companies and
calculating basic financial and operating ratios in the categories of cost centers and profit centers.
The financial statements of both companies were downloaded from the stock market data portal
website. The relevant information was extracted from the financial statements and used to calculate
basic financial and operating ratios for the two companies. The ratios were used to compare the
performance of the two companies and identify areas where improvement is needed.

Findings

The results of the analysis show that Milat Tractor Limited had a higher gross profit margin than
Al-Ghazi Tractor Limited in both 2021 and 2022. In 2021, Milat Tractor Limited had a gross profit
margin of 21.09%, compared to 22.94% for Al-Ghazi Tractor Limited. In 2022, Milat Tractor
Limited had a gross profit margin of 19.11%, compared to 17.60% for Al-Ghazi Tractor Limited.

In terms of net profit margin, Milat Tractor Limited had a higher net profit margin than Al-Ghazi
Tractor Limited in both 2021 and 2022. In 2021, Milat Tractor Limited had a net profit margin of
13.15%, compared to 14.37% for Al-Ghazi Tractor Limited. In 2022, Milat Tractor Limited had a
net profit margin of 10.17%, compared to 7.65% for Al-Ghazi Tractor Limited.

The results also show that Milat Tractor Limited had a higher total assets than Al-Ghazi Tractor
Limited in both 2021 and 2022. In 2021, Milat Tractor Limited had total assets of 24,806,249,
compared to 9,490,115 for Al-Ghazi Tractor Limited. In 2022, Milat Tractor Limited had total
assets of 20,066,325, compared to 12,280,729 for Al-Ghazi Tractor Limited. As Show in Graphs.

2021
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Revenue Cost of Gross Profit Operating Net income Total assets, Total
goods sold expenses liabilities

Al Ghazi MTL

2022
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Revenue Cost of Gross Profit Operating Net income Total Total
goods sold expenses assets, liabilities

Al-Ghazi MTL
Ratios
MTL

AGTL

Conclusion
The analysis of the financial and operating ratios of Milat Tractor Limited and Al-Ghazi Tractor
Limited shows that Milat Tractor Limited had a higher gross profit margin and net profit margin
than Al-Ghazi Tractor Limited in both 2021 and 2022. In addition, Milat Tractor Limited had a
higher total assets than Al-Ghazi Tractor Limited in both 2021 and 2022. The analysis also
identified areas where improvement is needed, such as increasing the gross profit margin and net
profit margin of Al-Ghazi Tractor Limited.

References:
Al-Ghazi Tractor Limited. (2021). Annual Report 2021.
https://www.psx.com.pk/
Milat Tractor Limited. (2022). Annual Report 2022.
https://www.psx.com.pk/