Westpac Banking Corporation

The principal activities of the Group are the provision of financial services including lending, deposit taking, payments services, investment platforms, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.

Australian Securities Exchange: WBC

Westpac Banking Corporation

Profitability

Net Margin

Year	Net Margin (%)
2013	20.9
2014	23.6
2015	25.0
2016	23.4
2017	25.6
2018	24.9
2019	20.9
2020	8.5
2021	24.5
2022	24.5
Average	22.2

Management Effectiveness

Current Ratio

Year	Current Ratio
2013	1.1
2014	1.1
2015	1.1
2016	1.1
2017	1.1
2018	1.1
2019	1.1
2020	1.1
2021	1.1
2022	1.1
Average	1.1

Debt to Equity Ratio

Year	Debt to Equity Ratio
2013	13.9
2014	14.6
2015	13.8
2016	13.2
2017	12.9
2018	12.4
2019	12.5
2020	12.4
2021	11.6
2022	13.4
Average	13.1

Return on Assets

Year	Return on Assets (%)
2013	1.0
2014	1.0
2015	1.0
2016	0.9
2017	0.9
2018	0.9
2019	0.7
2020	0.3
2021	0.6
2022	0.6
Average	0.8

Return on Equity

Year	Return on Equity (%)
2013	14.8
2014	15.5
2015	15.0
2016	12.8
2017	13.0
2018	12.5
2019	10.4
2020	3.4
2021	7.6
2022	8.1
Average	11.3

Valuation

Dividend Yield

Year	Dividend Yield (%)
2013	4.9
2014	5.8
2015	4.6
2016	5.5
2017	4.5
2018	6.0
2019	4.8
2020	4.1
2021	3.0
2022	6.0
Average	4.9

Price to Sales Ratio

Year	Price to Sales Ratio
2013	3.1
2014	3.1
2015	2.9
2016	3.1
2017	3.5
2018	2.9
2019	3.2
2020	2.2
2021	4.3
2022	3.1
Average	3.1

Price to Earnings Ratio

Year	Price to Earnings Ratio
2013	14.8
2014	13.1
2015	11.7
2016	13.2
2017	13.5
2018	11.8
2019	15.2
2020	26.5
2021	17.5
2022	12.7
Average	15.0

Price to Book Ratio

Year	Price to Book Ratio
2013	2.2
2014	2.0
2015	1.8
2016	1.7
2017	1.8
2018	1.5
2019	1.6
2020	0.9
2021	1.3
2022	1.0
Average	1.6