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Current Liabilities
= 1.32
Current Assets
24,223,000
Current / Working Capital Ratio Current Liabilities
16,206,000 =1.49
2.Leverage / Solvency Ratios
Total Liabilities
Debt To Equity Ratio Total Equity
25,967,000
69,919,000
= 0.37
Total Equity
Total Assets
69,919,000
95,886,000
= 0.73
Total Liabilities
Total Assets
25,967,000
95,886,000
= 0.27
Equity Ratio =
Debt Ratio =
Gearing Ratio =
LongTerm Liabilities
100
Long Term Liabilities+ Equity
9,761,000
100
9,761,000+ 69,919,000
= 12.25%
3,278,000
517,000
= 6.34
67.36 times
636,000
365
44,859,000
= 5.17
days
Net Sales
Average Total Assets
365
Asset Turnover
44,859,000
(696,000+636,000)/2
Net Sales
Average Accounts Receivable
61,463,000
(99,847,000+95,886,000)/2
= 0.63
365
0.63
= 579.37 days
61,463,000
(14,258,000+15,699,000)/2
= 4.10
Total Purchases
Average Accounts Payables
365
Accounts Payable Turnover
(14,258,000+15,699,000)/2
365
61,463,000
= 88.95 days
44,859,000
(8,748,000+8,968,000)/ 2
= 5.06
365
5.06
= 72.13 days
4.Profitability Ratios
Profit Margin Ratio =
Net Income
Net Sales
Gross Margin
Net Sales
Earnings Before Interest Tax
Net Sales
Net Income
Average Total Assets
1,779,000
61,463,000
= 0.029
16,604,000
61,463,000
= 0.27
3,278,000
61,463,000
= 0.053
99,847,000+95,886,000
1,779,000
0.018
Return on Equity =
Retention Rate =
0.041
1,779,000
69,919,000
Net Income
Shareholder Equity
Net IncomeDividend Distributed
Net Income
3,278,000
95,886,00016,206,000
100
= 0.025
1,779,0003,346,000
1,779,000
100
= -88.08%
5.Investment / Market Prospect Ratios
Earnings Per Share =
Profit After Taxation Attributable
Equity Holders
Number of Ordinary Shares Issue
628,000
473,286,000
0.159
0.0013
= 0.13 cents
= 122.31
Total Dividends
Net Income
Cash Dividend Per Share
Market Value Per Share
3,346,000
1,779,000
0.005
0.159
= 1.88
= 0.032
1,779,000
3,346,000
= 0.53
2014
1.Liquidity Ratios
29,382,000+3,012,000+7,685,000
Quick / Acid Test Ratio
Cash+Cash Equivalents+ Short Term Investments+ Current Receivables
9,068,000
Current Liabilities
= 4.42
Current Assets
41,301,000
Current / Working Capital Ratio Current Liabilities
9,068,000 = 4.55
2.Leverage / Solvency Ratios
Total Liabilities
Debt To Equity Ratio Total Equity
16,167,000
64,813,000
= 0.25
Total Equity
Total Assets
64,813,000
80,980,000
= 0.80
Total Liabilities
Total Assets
16,167,000
80,980,000
= 0.20
Equity Ratio =
Debt Ratio =
Gearing Ratio =
LongTerm Liabilities
100
Long Term Liabilities+ Equity
7,099,000
100
7,099,000+64,813,000
= 9.87%
15,264,000
325,000
= 46.97
3.81days
Net Sales
Average Total Assets
365
Asset Turnover
Net Sales
Average Accounts Receivable
Total Purchases
Average Accounts Payables
365
Accounts Payable Turnover
49,729,000
(95,886,000+80,980,000)/2
= 0.56
365
0.56
= 651.79 days
49,729,000
(15,699,000+7,685,000)/2
= 4.25
(15,699,000+7,685,000)/2
365
49,729,000
= 85.82 days
37,195,000
(8,968,000+6,428,000)/2
= 4.83
365
4.83
= 75.57 days
4.Profitability Ratios
Profit Margin Ratio =
Net Income
Net Sales
72.65 times
388,000
365 =
37,195,000
37,195,000
(636,000+388,000)/2
13,923,000
49,729,000
= 0.28
Gross Margin
Net Sales
Earnings Before Interest Tax
Net Sales
Net Income
Average Total Assets
12,534,000
49,729,000
= 0.25
15,264,000
49,729,000
= 0.31
13,923,000
(95,886,000+80,980,000)/2
= 0.16
Return on Equity =
Retention Rate =
0.21
13,923,000
64,813,000
Net Income
Shareholder Equity
Net IncomeDividend Distributed
Net Income
15,264,000
80,980,0009,068,000
100
= 0.21
13,923,00018,931,000
13,923,000
100
= -35.97%
Equity Holders
Number of Ordinary Shares Issue
13,596,000
473,286,000
0.138
0.0287
Total Dividends
Net Income
Cash Dividend Per Share
Market Value Per Share
= (0.14+0.15+0.16+0.17+0.11+0.12+0.13+0.13+0.14+0.13+0.13+0.14)/12
= 1.36
= 0.29
13,923,000
18,931,000
= 0.138
= 4.81
18,931,000
13,923,000
0.04
0.138
= 2.87 cents
= 0.735