RWS AR 23 Final Single pages - Flipbook - Page 24
Key Performance Indicators
GROUP REVENUE
ADJUSTED PROFIT BEFORE TAX
£733.8m
£120.1m
2023
£733.8m
2023
£120.1m
2022
£749.2m
2022
£135.7m
2021
£694.5m
2021
£116.4m
2020
£355.8m
2020
£70.2m
Description Re昀氀ects the total value of work sold during
the 昀椀nancial year.
GROSS MARGIN
46.3%
2023
46.3%
2022
46.7%
2021
45.1%
2020
39.2%
CASH CONVERSION
74.0%
Description Re昀氀ects gross pro昀椀ts, being revenues
less costs directly incurred in generating revenues,
expressed as a percentage of revenues.
ADJUSTED BASIC EARNINGS PER SHARE
23.3p
2023
23.3p
2022
26.6p
2021
23.8p
2020
19.9p
Description Adjusted pro昀椀t before tax is pro昀椀t 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 164 for
further details.
2023
74.0%
2022
93.2%
2021
65.7%
2020
103.1%
Description Cash conversion is calculated as free
cash 昀氀ow expressed as a percentage of adjusted net
income. This is viewed as a key adjusted performance
measure to understand how much of the Group's
pro昀椀ts have been converted to cash. See page 165 for
further details.
COLLEAGUE ATTRITION (VOLUNTARY)
Description Adjusted basic earnings per share is
calculated as adjusted earnings (calculated as pro昀椀t
for the year less amortisation of acquired intangible
assets, acquisition costs, share-based payment
expense and exceptional items, net of any associated
tax e昀昀ects), divided by the weighted average number
of ordinary shares in issue during the 昀椀nancial year.
See Note 11 for further details.
11.9%
2023
11.9%
2022
15.9%1
2021
19.2%1
2020
16.8%2
Description Colleague turnover is calculated as the
number of FTE leavers compared with the average
number of FTE during the 昀椀nancial year. This includes
our managed services employees where the 昀氀uctuation
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 昀椀gures have been included in 19/20 number, however
Iconic Translation Machines and Webdunia's pre-acquisition 昀椀gures have
not been included.
24
RWS Holdings plc — Annual Report 2023
STRATEGIC REPORT
