Tiger cubs financial KPI benchmark

The term “Tiger Cubs” is used to describe Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. It implies that these countries are in an early stage of development and are on a similar path to becoming highly industrialized nations like the Asian Tiger economies, namely Hong Kong, Singapore, South Korea, and Taiwan. They are still in the intensive development phase; they have seen rapid growth in the past two decades and their GDP is expected to further increase.

However, there are differences in the level of development among the countries. Malaysia is the most developed country, not only is the GDP per capita the highest here but the number of listed companies as well.A significant difference can be discovered between the sectors as well. The retail sector stands out in many aspects: Firstly, it is comprised of large companies; the average revenue is over four times higher than that of the sector with the second highest average. Additionally, the sector has the highest average number of employees and the largest assets and liabilities.

Operating KPIs

• Revenue
• Number of employees
• Revenue per employee

• Assets and liabilities
• Quick ratio
• Current ratio
• Asset turnover

• EBIT margin
• EBITDA margin
• Return on assets