RWS Annual Report 2022 web - Flipbook - Page 24
Key Performance Indicators
GROUP REVENUE
ADJUSTED PROFIT BEFORE TAX
£749.2m
£135.7m
2022
2021
2020
2019
£749.2m
£694.5m
£355.8m
£355.7m
Description Reflects the total value of work sold
during the financial year.
GROSS MARGIN
46.7%
2022
2021
2020
2019
46.7%
45.1%
39.2%
40.1%
Description Reflects gross profits, being revenues
less costs directly incurred in generating revenues,
expressed as a percentage of revenues.
2022
2021
2020
2019
£135.7m
£116.4m
£70.2m
£74.2m
Description Adjusted profit before tax is profit
before tax before amortisation of acquired intangible
assets, acquisition costs, share-based payment
expense and exceptional items. The Directors believe
this alternative performance measure provides a
more consistent measure of the Group’s performance.
See page 160 for further details.
CASH CONVERSION
110.2%
2022
2021
2020
2019
110.2%
96.7%
118.5%
105.4%
Description Cash conversion is calculated as
underlying cash flow from adjusted operating activities
divided by adjusted operating profit. This is viewed as a
key adjusted performance measure to understand how
much of the Group's profits have been converted to
cash. See page 161 for further details.
ADJUSTED BASIC EARNINGS
PER SHARE
26.6p
2022
2021
2020
2019
26.6p
23.8p
19.9p
21.3p
Description Adjusted basic earnings per share is
calculated as adjusted earnings (calculated as profit
for the year less amortisation of acquired intangible
assets, acquisition costs, share-based payment
expense and exceptional items, net of any associated
tax effects) divided by the weighted average number
of ordinary shares in issue during the financial year.
See Note 11 for further details.
COLLEAGUE ATTRITION
15.9%
2022
2021
2020
15.9%1
19.2%1
16.8%2
Description Colleague turnover is calculated
as the number of FTE leavers compared with the
average number of FTE during the financial year. This
includes our managed services employees where the
fluctuation is much higher as it varies according to
client needs.
1 Figure based on strongest collation possible from multiple data sources,
arising from wide range of HR systems across the enlarged Group.
2 SDL plc's turnover figures have been included in 19/20 number, however
Iconic Translation Machines and Webdunia's pre-acquisition figures have
not been included.
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RWS — Annual Report 2022
STRATEGIC REPORT
