Ecoba brand has been affirmed in the construction market, always associated with construction quality and progress, trusted by many Investors and assigned to large projects. For many years, Ecoba has strived to perfect the processes of quality improvement, cost savings, and supply chain optimization, the results of which are reflected in the impressive growth of gross profit margin on revenues on consolidated financial statements from 6.6% in 2018, to 7.6% in 2019, and 8.4% in 2020.
And also, the strong focus on perfecting the enterprise's internal management system and information technology application in operation has helped to improve the net profit to revenue ratio over the years. Especially in 2020, despite being adversely affected by the pandemic, the company still achieved a net profit margin on revenue of 2.3%, which is significantly higher than other companies in the same industry and equivalent to the market leader.
Besides, Ecoba has good credit relationship with leading credit institutions in Vietnam such as Vietinbank, BIDV, Vietcombank, Techcombank, MB Bank... Although the total limit is granted from the banking system up to more than 4,250 billion VND, however, Ecoba always maintains low financial leverage ratios compared to other enterprises in the industry, specifically in 2020, the ratio of liabilities to total assets is 0.67 times, and debt-to-equity ratio is 0.72 times.
This is the basis for Ecoba to strengthen the company's financial reserve capacity to ensure the availability of capital to receive the construction of new projects of great scale and value.