Novartis: Reporte anual 2012

Balance sheet

Income statement

Current Ratio= current asset/current liab

28,004/24,051=1.16435 1.16 en activos Corrientes por cada $1 en deudas
Corrientes.
Quick Ratio= Current Asset- Inventory= X/current liabilities

28,004-6,744= 21,260 =.88395 .88 centavos por cada $1 de deudas Corrientes

Average Collection Period= Account Receivable/ Average sale per day=

56,673/365=155.2684932
( mas pequeno mejor)
ACP= Trade Rececivable 10,051/155.2684932 = 64.73 dias
Un ACP alto puede deberse a un mal gestionamiento a la hora de cobrar las
cuentas.
Inventory turnover= Cost of good solds/Inventory
18,756/6,744= 2.78113879 veces (entre mas altas las veces mejor)
( menos das mejor) 365/2.78113879= 131 dias al ano en revovar el inventario (Se
esta tardando en renovar el inventario ya sea por que hay exceso de inventario o es
inventario obsoleto o viejo)
Actividad y Rentabilidad
Total Asset Turnover= Sales/ Total Asset (Mas alto major, mas eficiencia)
56,673/124,216= .4562455722 .47 por cada $1 invertido en activos
No esta usando sus activos de forma eficiente para generar ventas.

Fixed Asset Turnover= Sales/ fixed asset Mientras mas alto major, mas eficiencia
Net fixed asset + Current Asset = Total Asset -> Total Asset-Current Asset= Net
Fixed Asset
124,216-28,004= 96,212
56,673/96,212= .58904 .59
Operating return on asset (ORA)= Operating profits/ Total assets (mas alto
major)

11,511/124,216= .092669 9.2669 9.3% Los administradores estan generando

9.3 centavos de beneficio neto por cada $1 de activos.
9,618 / 124,216 = .0774296 7.74 % 7.74 centavos

Rentabilidad

Gross Profit Margin= Gross Profit / Sales

38,805/56,673= .68471759 68.47
Operating Profit Margin= EBIT / Sales
11,511 / 56, 673 = .20311259 20.31
Net Profit Margin= Earnings Available to Common Stockholders / Sales
9,505 / 56,673 = .167716 16.77 %
ROE, Return on common equity= Earning Avalaible to common stockholders /
Common stock equity(commond stock + Retain earning)
9,505 / 69,219 = .1373177885 13. 73 %
Financiamiento
Time Interest Earned= Operating Income/ Interest
Interest = (interest expense 724 + 96 ) -552= 268
11,511 /268= 42.95149 42.95

PE= Price per share ? / Earning per share = $57.37 / $3.93 =14.60

Price to book= Price per Share/ Equity book value per share
$57.37 / $ 28.64 = 2.00

Equity book value per share= 69,219/ 2,418= 28.62655087 $ 28. 63

Equity book value per share= Common equity/ common stock outstanding

Earning per share= 9,505 / 2418 = 3.93