To conclude on the profitability and the financial strength, the first step is to distinguish the relevant financial ratios. [...] The ‘total’ and the ‘averages’ of the relevant ratios of the eight lease companies are compared with the data from Leaseurope which reports industry ratios. [...] 1.1 Introduction While in the last part of this section data from Leaseurope summarize over 90% of the European lease industry, the first part of the section dives deeper in the profit & loss accounts and the balance sheets of eight leading car lease companies. [...] In the financial accounts’ segment of the annual reports, the revenue, operating profit and pre-tax profit numbers are slightly higher than in the text part of the annual report. [...] 1.11.5 Return on asset of the eight companies Although the return on assets ratio (ROA) is less useful to decide on profitability, the following summary table compares the outcome for the various companies and with Leaseurope analysis.
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- Belgium