Financial Year Ended 31 December 2019 2018 2017 2016 2015
  12 months
Audited
12 months
Audited
12 months
Audited
12 months
Audited
12 months
Audited
 
KEY FINANCIALS          
Revenue (RM'000) 215,935 219,582 93,914 22,703 21,393
Cost of Sales (RM'000) (143,076) (174,349) (60,187) (10,829) (12,896)
Profit Before Taxation (PBT) (RM'000) 57,572 31,861 19,268 6,086 5,604
Profit After Taxation (PAT) (RM'000) 52,297 31,719 19,056 5,809 5,598
Total Assets (RM'000) 344,640 152,354 105,349 37,721 25,066
Total Equity (RM'000) 195,590 69,866 40,498 24,442 14,988
 
KEY RATIOS          
Basic Earnings Per Share (1) (sen) 8.35 5.07 3.04 0.92 0.89
GP Margin (2) (%) 33.74 20.60 35.91 52.30 39.72
PBT Margin (3) (%) 26.66 14.51 20.52 26.81 26.20
PAT Margin (4) (%) 24.22 14.45 20.29 25.59 26.17
Trade Receivables Turnover (5) (days) 19 8 61 103 90
Trade Payables Turnover (6) (days) 28 60 124 34 30
Inventories Turnover (7) (days) 7 8 45 212 66
Current Ratio (8) (times) 2.22 1.54 1.41 3.33 1.97
Gearing Ratio (9) (times) 0.12 0.12 0.23 0.31 0.34

Notes:

(1) Basic EPS is calculated based on the profit for the financial year attributable to equity holders of the parents divided by the number of ordinary shares issued upon the acquisition of subsidiaries in business combination under common control and after Initial Public Offering
(2) Gross profit margin is calculated based on gross profit divided by revenue.
(3) PBT margin is calculated based on PBT divided by revenue.
(4) PAT margin is calculated based on PAT divided by revenue.
(5) For the FYE 31 December 2015 to 2019, calculated based on trade receivables of the respective financial years over the revenue of the respective financial years, multiplied by 365 days.
(6) For the FYE 31 December 2015 to 2019, calculated based on trade payables of the respective financial years over the cost of sales of the respective financial years, multiplied by 365 days.
(7) For the FYE 31 December 2015 to 2019, calculated based on inventories of the respective financial years over the cost of sales of the respective financial years, multiplied by 365 days.
(8) Current ratio is calculated based on total current assets over total current liabilities as at financial year end.
(9) Gearing ratio is calculated based on total borrowings over shareholders' equity as at financial year end.Total borrowings comprise of term loans, lease liabilities, hire purchase creditors, bank overdrafts and bankers' acceptances

Please read this section in conjunction with Greatech Technology Berhad’s Annual Report and Prospectus dated 13 May 2019.