China Airline_Comparative Analysis

	A	B	C	D	E
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2	Exhibit 1: CAL	2021	2022	2023	2024
3	Net Margin	6.76%	1.90%	3.69%	4.43%
4	Asset Turnover	0.47	0.51	0.63	0.67
5	Equity Multiplier	3.82	4.06	3.76	3.75
6	ROA	3.18%	0.97%	2.34%	2.96%
7	ROE	12.1%	3.9%	8.8%	11.1%
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11	Exhibit 2: EVA	2021	2022	2023	2024
12	Net Margin	6.90%	5.60%	11.5%	12.21%
13	Asset Turnover	0.32	0.43	0.61	0.62
14	Equity Multiplier	3.51	3.32	2.82	2.79
15	ROA	2.2%	2.4%	7.0%	7.6%
16	ROE	7.7%	8.0%	19.7%	21.1%
17	SOURCE (1)
18	SOURCE (2)
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