Liquidity ratios

• Liquidity ratios :

 Current ratio (current assets / current liabilities)

= 14 520 / 9 376 = 1.55

 Quick ratio [ (CA – inventory ) / (CL )]

= 14 520 – 10 325 / 9 376 = 0.45

• Long term solvency

 Debt/equity ratio ratio [ (TA – SH) / (SH) ]:

= 40 518 – 17 898 / 17 898 = 1.26

• Coverage ratio :

 Time interest Earned (EBIT / interest)

= 6 068 / 593 = 10.23

• Asset management ratios :

 Inventory turnover (COGS / Inventory)

= 46 133 / 10 325 = 4.47

 Receivables turnover (sales / account receivable)

= 70 395 / 1 245 = 56.5

 Total asset turnover (sales/TA)

= 70 395 / 40 518 = 1.73

• Profitability ratios

 Profit margin before taxes

= 6 068/70 398 = 8.6 %

 ROA (profit before taxes / total assets)

= 6 068 / 40 518 = 14.9%

 ROE (profit before taxes / tangible net worth )

= 6 068 / (RE + accumulated other)

= 6 068 / (17 246 + 293)

= 34.6%

GROWTH RATES % COMPANY INDUSTRY S&P 500

Sales (Qtr vs year ago qtr) 5.9 7.4 8.8

Net Income (Qtr vs year ago qtr) 31.9 19.9 55.8

Sales (5-Year Annual Avg.) -2.29 -1.03 8.15

Net Income (5-Year Annual Avg.) -5.91 -6.97 8.22

Dividends (5-Year Annual Avg.) 9.03 13.54 5.11

As we can notice in terms of sales the company has a lower increase than their competitors : a difference of 1.5. But on the other hand, their net income has increased higher than the industry : a difference of 10.

Moreover the company give less dividends to their shareholders than in the industry.

PRICE RATIOS COMPANY INDUSTRY S&P 500

Current P/E Ratio 21.3 21.4 19.9

P/E Ratio 5-Year High NA 1 121.1

P/E Ratio 5-Year Low NA 0.1 2.5

Price/Sales Ratio 1.14 334.08 2.3

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