nishat balance sheet and income statement
TRANSCRIPT
NISHAT MILLS LIMITEDBALANCE SHEETS
Rupees ‘000 Rupees ‘000
2,006 2,007
SHARE CAPITAL AND RESERVES
Share capital 1,452,597 1,597,857
Reserves 19,141,812 28,359,567
20,594,409 29,957,424
NON-CURRENT LIABILITIES
Long term financing 2,982,353 1,773,820
Deferred tax
Liabilities against assets subject to finance lease 33,031 0
TOTAL NON-CURRENT LIABILITIES 3,015,384 1,773,820
CURRENT LIABILITIES
Trade and other payables 960,436 926,593
Accrued markup 151,236 131,744
Short term finances 4,315,708 5,018,664
Current portion of long term liabilities 1,342,771 1,341,565
Provision for taxation 281,382 230,807
TOTAL CURRENT LIABILITIES 7,051,533 7,649,373
TOTAL LIABILITIES 10,066,917 9,423,193CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 30,661,326 39,380,617
NON-CURRENT ASSETS
Fixed assets - property, plant and equipment 10,611,353 10,586,159
Investment properties 0 0
Long term investments 10,289,746 15,466,506
Long term loans 6,377 9,523
Long term deposits, prepayments and deferred cost 10,130 9,342
TOTAL NON-CURRENT ASSETS 20,917,606 26,071,530
CURRENT ASSETS
Stores and spares 471,520 422,428
Stock-in-trade 3,003,174 3,106,436
Trade debts 1,026,884 831,653
Short term investments 4,335,426 8,118,459
Loans and advances 418,794 411,270
Short term deposits and prepayments 30,525 26,395
Other receivables 407,147 322,839
Accrued interest 0 0
Cash and bank balances 50,250 69,607
TOTAL CURRENT ASSETS 9,743,720 13,309,087TOTAL ASSETS 30,661,326 39,380,617
INCOME STATEMENTS
Rupees ‘000 Rupees ‘000
2,006 2,007
Net sales 16,659,607 17,180,192Cost of sales 13,701,626 14,335,254
Gross profit 2,957,981 2,844,938Selling, marketing and distribution expenses 905,920 928,778
Administrative expenses 264,807 320,202Other operating expenses 78,689 91,758
Other operating income 277,961 562,710
GAIN ON SALE OF INVESTMENT 0 0
Operating profit 1,986,526 2,066,910Financial charges 755,054 819,267
SHARE OF PROFIT IN ASSOCIATED COMPANIES 527,394 571,527
Profit before taxation 1,758,866 1,819,170
Taxation 126,000 145,000
Profit after taxation 1,632,866 1,674,170
Earnings per share (Rs) 10.22 10.48
NISHAT MILLS LIMITEDBALANCE SHEETS
Rupees ‘000 Rupees ‘000 Rupees ‘000
2,008 2,009 2,010
1,597,857 2,424,827 3,515,999
23,549,323 16,905,940 27,860,314
25,147,180 19,330,767 31,376,313
1,047,794 2,334,411 2,980,694
245,243 1,256,892
0 0 0
1,047,794 2,579,654 4,237,586
1,141,227 1,309,658 2,139,321
201,847 202,777 232,247
9,175,518 7,342,600 6,649,447
926,025 433,313 1,128,632
276,988 313,917 418,768
11,721,605 9,602,265 10,568,415
12,769,399 12,181,919 14,806,001
37,916,579 31,512,686 46,182,314
10,647,310 11,199,635 11,841,667
0 41,049 132,550
13,321,088 11,952,949 21,959,543
8,122 12,367 498,803
10,541 11,848 16,823
23,987,061 23,217,848 34,449,386
490,229 561,251 688,832
4,103,648 4,092,512 6,060,441
1,329,027 1,300,366 2,041,256
7,129,154 1,414,310 1,554,543
403,295 462,025 504,046
30,400 29,880 31,912
370,013 323,000 724,407
0 0 16,906
73,752 111,494 110,585
13,929,518 8,294,838 11,732,928
37,916,579 31,512,686 46,182,314
INCOME STATEMENTS
Rupees ‘000 Rupees ‘000 Rupees ‘000
2,008 2,009 2,010
19,267,633 23,870,379 31,535,64716,298,857 19,518,838 25,555,462
2,968,776 4,351,541 5,980,185961,711 1,315,630 1,714,598
398,757 435,012 545,166110,781 191,608 289,080
746,460 599,006 981,650
5,060,413 0 0
7,304,400 3,008,297 4,412,991907,432 1,446,796 1,126,922
0 0
6,396,968 1,561,501 3,286,069
258,000 293,500 370,608
6,138,968 1,268,001 2,915,461
38.42 6.23 10.50
NISHAT MILLS LIMITEDRATIO'S
RATIO'SLIQUIDITY RATIO'S
PROFITABILITY RATIO'S
ACTIVITY RATIO'S
Annual Purchases
Current Ratio = Current Assets / Current Liabilities
Quick Ratio = Current Assets - Inventory / Current Liabilities
Gross Profit Margin = (Gross Profit / Sales) * 100
Operating Profit Margin = (Operating Profit / Sales) * 100
Net profit Margin = (EAT / Sales) * 100
Return on Assets = (EAT / Total Assets) * 100
Return on Equity = (EAT / Common Stockholders' Equity) * 100
Inventory Turnover = CGS / Avg Inventory
Age of Inventory = 365 / Inventory Turnover
Receivable Turnover = Credit Sales / A/C Receivable
Age of Receivable = 365 / Receivable Turnover
Payable Turnover = Purchase / A/C Payable
LEVERAGE RATIO'S
COVERAGE RATIO
OPERATING CYCLE
DUO PONT ANALYSIS
Age of Payable = 365 / Payable Turnover
Assets Turnover = Net Sales / Total Assets
Debt Ratio = Total Debt / Total Assets
Debt-to-Equity = Total Debt / Common Stockholders' Equity
Total Capitalization = Long Term Debt + Stockholders' Equity
Capitalization Ratio = Long Term Debt / Total Capitalization
Coverage Ratio = EBIT / Interest Expense
Operating Cycle = Inventory Turnover in Days + Receviable Turnover in Days
Earning Power = Sales Profitabilities * Assets Efficency
Earning Power = (EAT / Sales) * (Sales / Total Assets)
ROE = Sales Profitabilities * Assets Efficency * Equity Efficency Multiplies
ROE = (EAT / Sales) * (Sales / Total Assets) * (Total Assets / Stockholders' Equity)
NISHAT MILLS LIMITEDRATIO'S
2,006 2,007 2,008 2,009 2,010LIQUIDITY RATIO'S
1.38 1.74 1.19 0.86 1.11
0.96 1.33 0.84 0.44 0.54
PROFITABILITY RATIO'S
17.76 16.56 15.41 18.23 18.96
11.92 12.03 37.91 12.60 13.99
9.80 9.74 31.86 5.31 9.24
5.33 4.25 16.19 4.02 6.31
112.41 104.78 384.20 52.29 82.92
ACTIVITY RATIO'S
4.56 4.61 3.97 4.77 4.22
80.00 79.10 91.90 76.53 86.56
16.22 20.66 14.50 18.36 15.45
22.50 17.67 25.18 19.88 23.63
4,488,131.00 4,759,081.00 6,054,256.00 5,517,538.00 7,405,307.00
4.67 5.14 5.31 4.21 3.46
78.11 71.07 68.80 86.64 105.44
0.54 0.44 0.51 0.76 0.68
LEVERAGE RATIO'S
0.33 0.24 0.34 0.39 0.32
6.93 5.90 7.99 5.02 4.21
4,467,981.00 3,371,677.00 2,645,651.00 5,004,481.00 7,753,585.00
0.67 0.53 0.40 0.52 0.55
COVERAGE RATIO
2.63 2.52 8.05 2.08 3.92
OPERATING CYCLE
102.50 96.76 117.07 96.41 110.19
DUO PONT ANALYSIS
0.05 0.04 0.16 0.04 0.06
1.12 1.05 3.84 0.52 0.83
NISHAT MILLS LIMITEDINDEX ANALYSIS
BALANCE SHEETSRupees ‘000 Base year
2006 2006
SHARE CAPITAL AND RESERVES
Share capital 1,452,597 100.00
Reserves 19,141,812 100.00
20,594,409 100.00
NON-CURRENT LIABILITIES
Long term financing 2,982,353 100.00
Deferred tax 100.00
Liabilities against assets subject to finance lease 33,031 100.00
TOTAL NON-CURRENT LIABILITIES 3,015,384 100.00
CURRENT LIABILITIES
Trade and other payables 960,436 100.00
Accrued markup 151,236 100.00
Short term finances 4,315,708 100.00
Current portion of long term liabilities 1,342,771 100.00
Provision for taxation 281,382 100.00
TOTAL CURRENT LIABILITIES 7,051,533 100.00
TOTAL LIABILITIES 10,066,917 100.00
CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 30,661,326 100.00
NON-CURRENT ASSETS
Fixed assets - property, plant and equipment 10,611,353 100.00
Investment properties 0 100.00
Long term investments 10,289,746 100.00
Long term loans 6,377 100.00
Long term deposits, prepayments and deferred cost 10,130 100.00
TOTAL NON-CURRENT ASSETS 20,917,606 100.00
CURRENT ASSETS
Stores and spares 471,520 100.00
Stock-in-trade 3,003,174 100.00
Trade debts 1,026,884 100.00
Short term investments 4,335,426 100.00
Loans and advances 418,794 100.00
Short term deposits and prepayments 30,525 100.00
Other receivables 407,147 100.00
Accrued interest 0 100.00
Cash and bank balances 50,250 100.00
TOTAL CURRENT ASSETS 9,743,720 100.00
TOTAL ASSETS 30,661,326 100.00
NISHAT MILLS LIMITED
INDEX ANALYSIS
INCOME STATEMENTSRupees ‘000 Base Year
2006 2006
Net sales 16,659,607 100.00
Cost of sales 13,701,626 100.00
Gross profit 2,957,981 100.00Selling, marketing and distribution expenses 905,920 100.00Administrative expenses 264,807 100.00
Other operating expenses 78,689 100.00
Other operating income 277,961 100.00
GAIN ON SALE OF INVESTMENT 0 100.00
Operating profit 1,986,526 100.00Financial charges 755,054 100.00
SHARE OF PROFIT IN ASSOCIATED COMPANIES 527,394 100.00
Profit before taxation 1,758,866 100.00Taxation 126,000 100.00
Profit after taxation 1,632,866 100.00
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETSRupees ‘000 Base year
2006 2006SHARE CAPITAL AND RESERVESShare capital 1,452,597 4.74Reserves 19,141,812 62.43
20,594,409 67.17
NON-CURRENT LIABILITIESLong term financing 2,982,353 9.73Deferred taxLiabilities against assets subject to finance lease 33,031 0.11
TOTAL NON-CURRENT LIABILITIES 3,015,384 9.83
CURRENT LIABILITIESTrade and other payables 960,436 3.13Accrued markup 151,236 0.49Short term finances 4,315,708 14.08Current portion of long term liabilities 1,342,771 4.38Provision for taxation 281,382 0.92
TOTAL CURRENT LIABILITIES 7,051,533 23.00
TOTAL LIABILITIES 10,066,917 32.83
CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 30,661,326 100.00
NON-CURRENT ASSETSFixed assets - property, plant and equipment 10,611,353 34.61Investment properties 0 0.00Long term investments 10,289,746 33.56Long term loans 6,377 0.02Long term deposits, prepayments and deferred cost 10,130 0.03
TOTAL NON-CURRENT ASSETS 20,917,606 68.22
CURRENT ASSETSStores and spares 471,520 1.54Stock-in-trade 3,003,174 9.79Trade debts 1,026,884 3.35Short term investments 4,335,426 14.14Loans and advances 418,794 1.37Short term deposits and prepayments 30,525 0.10Other receivables 407,147 1.33Accrued interest 0 0.00Cash and bank balances 50,250 0.16
TOTAL CURRENT ASSETS 9,743,720 31.78
TOTAL ASSETS 30,661,326 100.00
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
INCOME STATEMENTSRupees ‘000 Base Year
2006 2006
Net sales 16,659,607.00 100.00Cost of sales 13,701,626.00 82.24
Gross profit 2,957,981.00 17.76
Selling, marketing and distribution expenses 905,920.00 5.44Administrative expenses 264,807.00 1.59Other operating expenses 78,689.00 0.47Other operating income 277,961.00 1.67GAIN ON SALE OF INVESTMENT 0.00 0.00
Operating profit 1,986,526.00 11.92
Financial charges 755,054.00 4.53SHARE OF PROFIT IN ASSOCIATED COMPANIES 527,394.00 3.17
Profit before taxation 1,758,866.00 10.56
Taxation 126,000.00 0.76
Profit after taxation 1,632,866.00 9.80
NISHAT MILLS LIMITEDINDEX ANALYSISBALANCE SHEETS
Rupees ‘000 Rupees ‘000 Rupees ‘000
2007 2007 2008 2008 2009 2009
1,597,857 110.00 1,597,857 110.00 2,424,827 166.93
28,359,567 148.16 23,549,323 123.03 16,905,940 88.32
29,957,424 145.46 25,147,180 122.11 19,330,767 93.86
1,773,820 59.48 1,047,794 35.13 2,334,411 78.27
245,243
0 0.00 0 0.00 0 0.00
1,773,820 58.83 1,047,794 34.75 2,579,654 85.55
926,593 96.48 1,141,227 118.82 1,309,658 136.36
131,744 87.11 201,847 133.46 202,777 134.08
5,018,664 116.29 9,175,518 212.61 7,342,600 170.14
1,341,565 99.91 926,025 68.96 433,313 32.27
230,807 82.03 276,988 98.44 313,917 111.56
7,649,373 108.48 11,721,605 166.23 9,602,265 136.17
9,423,193 93.61 12,769,399 126.85 12,181,919 121.01
39,380,617 128.44 37,916,579 123.66 31,512,686 102.78
10,586,159 99.76 10,647,310 100.34 11,199,635 105.54
0 0 41,049
15,466,506 150.31 13,321,088 129.46 11,952,949 116.16
9,523 149.33 8,122 127.36 12,367 193.93
9,342 92.22 10,541 104.06 11,848 116.96
26,071,530 124.64 23,987,061 114.67 23,217,848 111.00
422,428 89.59 490,229 103.97 561,251 119.03
3,106,436 103.44 4,103,648 136.64 4,092,512 136.27
831,653 80.99 1,329,027 129.42 1,300,366 126.63
8,118,459 187.26 7,129,154 164.44 1,414,310 32.62
411,270 98.20 403,295 96.30 462,025 110.32
26,395 86.47 30,400 99.59 29,880 97.89
322,839 79.29 370,013 90.88 323,000 79.33
0 0 0
69,607 138.52 73,752 146.77 111,494 221.88
13,309,087 136.59 13,929,518 142.96 8,294,838 85.13
39,380,617 128.44 37,916,579 123.66 31,512,686 102.78
NISHAT MILLS LIMITED
INDEX ANALYSIS
INCOME STATEMENTSRupees ‘000 Rupees ‘000 Rupees ‘000
2007 2007 2008 2008 2009 2009
17,180,192 103.12 19,267,633 115.65 23,870,379 143.28
14,335,254 104.62 16,298,857 118.96 19,518,838 142.46
2,844,938 96.18 2,968,776 100.36 4,351,541 147.11928,778 102.52 961,711 106.16 1,315,630 145.23320,202 120.92 398,757 150.58 435,012 164.28
91,758 116.61 110,781 140.78 191,608 243.50
562,710 202.44 746,460 268.55 599,006 215.50
0 5,060,413 0
2,066,910 104.05 7,304,400 367.70 3,008,297 151.44819,267 108.50 907,432 120.18 1,446,796 191.61
571,527 108.37 0 0
1,819,170 103.43 6,396,968 363.70 1,561,501 88.78145,000 115.08 258,000 204.76 293,500 232.94
1,674,170 102.53 6,138,968 375.96 1,268,001 77.65
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETSRupees ‘000 Rupees ‘000 Rupees ‘000
2007 2007 2008 2008 2009 2009
1,597,857 4.06 1,597,857 4.21 2,424,827 7.6928,359,567 72.01 23,549,323 62.11 16,905,940 53.65
29,957,424 76.07 25,147,180 66.32 19,330,767 61.34
1,773,820 4.50 1,047,794 2.76 2,334,411 7.410.00 0.00 245,243 0.78
0 0.00 0 0.00 0 0.00
1,773,820 4.50 1,047,794 2.76 2,579,654 8.19
926,593 2.35 1,141,227 3.01 1,309,658 4.16131,744 0.33 201,847 0.53 202,777 0.64
5,018,664 12.74 9,175,518 24.20 7,342,600 23.301,341,565 3.41 926,025 2.44 433,313 1.38230,807 0.59 276,988 0.73 313,917 1.00
7,649,373 19.42 11,721,605 30.91 9,602,265 30.47
9,423,193 23.93 12,769,399 33.68 12,181,919 38.66
39,380,617 100.00 37,916,579 100.00 31,512,686 100.00
10,586,159 26.88 10,647,310 28.08 11,199,635 35.540 0.00 0 0.00 41,049 0.13
15,466,506 39.27 13,321,088 35.13 11,952,949 37.939,523 0.02 8,122 0.02 12,367 0.049,342 0.02 10,541 0.03 11,848 0.04
26,071,530 66.20 23,987,061 63.26 23,217,848 73.68
422,428 1.07 490,229 1.29 561,251 1.783,106,436 7.89 4,103,648 10.82 4,092,512 12.99831,653 2.11 1,329,027 3.51 1,300,366 4.13
8,118,459 20.62 7,129,154 18.80 1,414,310 4.49411,270 1.04 403,295 1.06 462,025 1.4726,395 0.07 30,400 0.08 29,880 0.09
322,839 0.82 370,013 0.98 323,000 1.020 0.00 0 0.00 0 0.00
69,607 0.18 73,752 0.19 111,494 0.35
13,309,087 33.80 13,929,518 36.74 8,294,838 26.32
39,380,617 100.00 37,916,579 100.00 31,512,686 100.00
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
INCOME STATEMENTSRupees ‘000 Rupees ‘000 Rupees ‘000
2007 2007 2008 2008 2009 2009
17,180,192.00 100.00 19,267,633.00 100.00 23,870,379.00 100.0014,335,254.00 83.44 16,298,857.00 84.59 19,518,838.00 81.77
2,844,938.00 16.56 2,968,776.00 15.41 4,351,541.00 18.23
928,778.00 5.41 961,711.00 4.99 1,315,630.00 5.51320,202.00 1.86 398,757.00 2.07 435,012.00 1.8291,758.00 0.53 110,781.00 0.57 191,608.00 0.80
562,710.00 3.28 746,460.00 3.87 599,006.00 2.510.00 0.00 5,060,413.00 26.26 0.00 0.00
2,066,910.00 12.03 7,304,400.00 37.91 3,008,297.00 12.60
819,267.00 4.77 907,432.00 4.71 1,446,796.00 6.06571,527.00 3.33 0.00 0.00 0.00 0.00
1,819,170.00 10.59 6,396,968.00 33.20 1,561,501.00 6.54
145,000.00 0.84 258,000.00 1.34 293,500.00 1.23
1,674,170.00 9.74 6,138,968.00 31.86 1,268,001.00 5.31
NISHAT MILLS LIMITEDINDEX ANALYSIS
BALANCE SHEETSRupees ‘000
2010 2010
3,515,999 242.05
27,860,314 145.55
31,376,313 152.35
2,980,694 99.94
1,256,892
0 0.00
4,237,586 140.53
2,139,321 222.74
232,247 153.57
6,649,447 154.08
1,128,632 84.05
418,768 148.83
10,568,415 149.87
14,806,001 147.08
46,182,314 150.62
11,841,667 111.59
132,550
21,959,543 213.41
498,803 7,821.91
16,823 166.07
34,449,386 164.69
688,832 146.09
6,060,441 201.80
2,041,256 198.78
1,554,543 35.86
504,046 120.36
31,912 104.54
724,407 177.92
16,906
110,585 220.07
11,732,928 120.42
46,182,314 150.62
NISHAT MILLS LIMITED
INDEX ANALYSIS
INCOME STATEMENTSRupees ‘000
2010 2010
31,535,647 189.29
25,555,462 186.51
5,980,185 202.171,714,598 189.27545,166 205.87
289,080 367.37
981,650 353.16
0
4,412,991 222.151,126,922 149.25
3,286,069 186.83370,608 294.13
2,915,461 178.55
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETSRupees ‘000
2010 2010
3,515,999 7.6127,860,314 60.33
31,376,313 67.94
2,980,694 6.451,256,892 2.72
0 0.00
4,237,586 9.18
2,139,321 4.63232,247 0.50
6,649,447 14.401,128,632 2.44418,768 0.91
10,568,415 22.88
14,806,001 32.06
46,182,314 100.00
11,841,667 25.64132,550 0.29
21,959,543 47.55498,803 1.0816,823 0.04
34,449,386 74.59
688,832 1.496,060,441 13.122,041,256 4.421,554,543 3.37504,046 1.0931,912 0.07
724,407 1.5716,906 0.04
110,585 0.24
11,732,928 25.41
46,182,314 100.00
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
INCOME STATEMENTSRupees ‘000
2010 2010
31,535,647.00 100.0025,555,462.00 81.04
5,980,185.00 18.96
1,714,598.00 5.44545,166.00 1.73289,080.00 0.92981,650.00 3.11
0.00 0.00
4,412,991.00 13.99
1,126,922.00 3.570.00
3,286,069.00 10.42
370,608.00 1.18
2,915,461.00 9.24
NISHAT MILLS LIMITEDINDEX ANALYSIS
BALANCE SHEET 2010Rupees ‘000
2010 2010
SHARE CAPITAL AND RESERVES
Share capital 3,515,999 242.05
Reserves 27,860,314 145.55
31,376,313 152.35
NON-CURRENT LIABILITIES
Long term financing 2,980,694 99.94
Deferred tax 1,256,892
Liabilities against assets subject to finance lease 0 0.00
TOTAL NON-CURRENT LIABILITIES 4,237,586 140.53
CURRENT LIABILITIES
Trade and other payables 2,139,321 222.74
Accrued markup 232,247 153.57
Short term finances 6,649,447 154.08
Current portion of long term liabilities 1,128,632 84.05
Provision for taxation 418,768 148.83
TOTAL CURRENT LIABILITIES 10,568,415 149.87
TOTAL LIABILITIES 14,806,001 147.08
CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 46,182,314 150.62
NON-CURRENT ASSETS
Fixed assets - property, plant and equipment 11,841,667 111.59
Investment properties 132,550
Long term investments 21,959,543 213.41
Long term loans 498,803 7,821.91
Long term deposits, prepayments and deferred cost 16,823 166.07
TOTAL NON-CURRENT ASSETS 34,449,386 164.69
CURRENT ASSETS
Stores and spares 688,832 146.09
Stock-in-trade 6,060,441 201.80
Trade debts 2,041,256 198.78
Short term investments 1,554,543 35.86
Loans and advances 504,046 120.36
Short term deposits and prepayments 31,912 104.54
Other receivables 724,407 177.92
Accrued interest 16,906
Cash and bank balances 110,585 220.07
TOTAL CURRENT ASSETS 11,732,928 120.42
TOTAL ASSETS 46,182,314 150.62
NISHAT MILLS LIMITED
INDEX ANALYSIS
INCOME STATEMENT 2010Rupees ‘000
2010 2010
Net sales 31,535,647 189.29
Cost of sales 25,555,462 186.51
Gross profit 5,980,185 202.17Selling, marketing and distribution expenses 1,714,598 189.27Administrative expenses 545,166 205.87
Other operating expenses 289,080 367.37
Other operating income 981,650 353.16
GAIN ON SALE OF INVESTMENT 0
Operating profit 4,412,991 222.15Financial charges 1,126,922 149.25
SHARE OF PROFIT IN ASSOCIATED COMPANIES
Profit before taxation 3,286,069 186.83Taxation 370,608 294.13
Profit after taxation 2,915,461 178.55
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETSRupees ‘000
2010 2010SHARE CAPITAL AND RESERVESShare capital 3,515,999 7.61Reserves 27,860,314 60.33
31,376,313 67.94
NON-CURRENT LIABILITIESLong term financing 2,980,694 6.45Deferred tax 1,256,892 2.72Liabilities against assets subject to finance lease 0 0.00
TOTAL NON-CURRENT LIABILITIES 4,237,586 9.18
CURRENT LIABILITIESTrade and other payables 2,139,321 4.63Accrued markup 232,247 0.50Short term finances 6,649,447 14.40Current portion of long term liabilities 1,128,632 2.44Provision for taxation 418,768 0.91
TOTAL CURRENT LIABILITIES 10,568,415 22.88
TOTAL LIABILITIES 14,806,001 32.06
CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 46,182,314 100.00
NON-CURRENT ASSETSFixed assets - property, plant and equipment 11,841,667 25.64Investment properties 132,550 0.29Long term investments 21,959,543 47.55Long term loans 498,803 1.08Long term deposits, prepayments and deferred cost 16,823 0.04
TOTAL NON-CURRENT ASSETS 34,449,386 74.59
CURRENT ASSETSStores and spares 688,832 1.49Stock-in-trade 6,060,441 13.12Trade debts 2,041,256 4.42Short term investments 1,554,543 3.37Loans and advances 504,046 1.09Short term deposits and prepayments 31,912 0.07Other receivables 724,407 1.57Accrued interest 16,906 0.04Cash and bank balances 110,585 0.24
TOTAL CURRENT ASSETS 11,732,928 25.41
TOTAL ASSETS 46,182,314 100.00
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSISINCOME STATEMENT 2010
Rupees ‘0002010 2010
Net sales 31,535,647.00 100.00Cost of sales 25,555,462.00 81.04
Gross profit 5,980,185.00 18.96
Selling, marketing and distribution expenses 1,714,598.00 5.44Administrative expenses 545,166.00 1.73Other operating expenses 289,080.00 0.92Other operating income 981,650.00 3.11GAIN ON SALE OF INVESTMENT 0.00 0.00
Operating profit 4,412,991.00 13.99
Financial charges 1,126,922.00 3.57SHARE OF PROFIT IN ASSOCIATED COMPANIES 0.00
Profit before taxation 3,286,069.00 10.42
Taxation 370,608.00 1.18
Profit after taxation 2,915,461.00 9.24
PROFITABILITY RATIO'S
RATIO'SLIQUIDITY RATIO'S
2,006 2,007
NISHAT MILLS LIMITED 1.38 1.74
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 0.96 1.33
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 17.76 16.56
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 0.54 0.44
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 4.67 5.14
KOHINOOR TEXTILE MILLS LIMITED2,006 2,007
NISHAT MILLS LIMITED 78.11 71.07
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 0.67 0.53
KOHINOOR TEXTILE MILLS LIMITED
Current Ratio = Current Assets / Current Liabilities
Quick Ratio = Current Assets - Inventory / Current Liabilities
Gross Profit Margin = (Gross Profit / Sales) * 100
Assets Turnover = Net Sales / Total Assets
Payable Turnover = Purchase / A/C Payable
Age of Payable = 365 / Payable Turnover
Capitalization Ratio = Long Term Debt / Total Capitalization
2,006 2,007
NISHAT MILLS LIMITED
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 102.50 96.76
KOHINOOR TEXTILE MILLS LIMITED
2,006 2,007
NISHAT MILLS LIMITED 1.12 1.05
KOHINOOR TEXTILE MILLS LIMITED
Total Capitalization = Long Term Debt + Stockholders' Equity
Operating Cycle = Inventory Turnover in Days + Receviable Turnover in Days
ROE = Sales Profitabilities * Assets Efficency * Equity Efficency Multiplies
ROE = (EAT / Sales) * (Sales / Total Assets) * (Total Assets / Stockholders' Equity)
PROFITABILITY RATIO'S
2,008 2,009 2,0101.19 0.86 1.11
0.72
2,008 2,009 2,0100.84 0.44 0.54
0.43
2,008 2,009 2,01015.41 18.23 18.96
18.71
2,008 2,009 2,0100.51 0.76 0.68
0.63
2,008 2,009 2,0105.31 4.21 3.46
3.36
2,008 2,009 2,01068.80 86.64 105.44
108.52
2,008 2,009 2,0100.40 0.52 0.55
0.56
2,008 2,009 2,010
2,008 2,009 2,010117.07 96.41 110.19
145.85
2,008 2,009 2,010
3.84 0.52 0.83
0.19
NISHAT MILLS LIMITEDRATIO'S
RATIO'S 2006LIQUIDITY RATIO'S
4.42
3.04
PROFITABILITY RATIO'S 38.33
26.28
16.50
17.63
22.09
ACTIVITY RATIO'S 12.91
28.28
34.06
68.13
5.36
1.95
2.72
133.96
1.07
LEVERAGE RATIO'S 0.02
Current Ratio = Current Assets / Current Liabilities
Quick Ratio = Current Assets - Inventory / Current Liabilities
Gross Profit Margin = (Gross Profit / Sales) * 100
Operating Profit Margin = (Operating Profit / Sales) * 100
Net profit Margin = (EAT / Sales) * 100
Return on Assets = (EAT / Total Assets) * 100
Return on Equity = (EAT / Common Stockholders' Equity) * 100
Inventory Turnover = CGS / Avg Inventory
Age of Inventory = 365 / Inventory Turnover
Receivable Activity = Annual Credit Sales / Avg A/C Receivable
Receivable Turnover = Credit Sales / A/C Receivable
Age of Receivable = 365 / Receivable Turnover
Payable Activity = Annual Credit Purchases / Avg A/C Payable
Payable Turnover = Purchase / A/C Payable
Age of Payable = 365 / Payable Turnover
Assets Turnover = Net Sales / Total Assets
Debt Ratio = Total Debt / Total Assets
0.02
0.03
7,536,918.00
COVERAGE RATIO 137.25
OPERATING CYCLE
33.64
DUO PONT ANALYSIS
0.18
0.22
Debt-to-Equity = Total Debt / Common Stockholders' Equity
Total Capitalization = Long Term Debt / Common Stockholders' Equity
Capitalization Ratio = Long Term Debt / Total Capitalization
Coverage Ratio = EBIT / Interest Expense
Operating Cycle = Inventory Turnover in Days + Receviable Turnover in Days
Earning Power = Sales Profitabilities * Assets EfficencyEarning Power = (EAT / Sales) * (Sales / Total Assets)
ROE = Sales Profitabilities * Assets Efficency * Equity Efficency Multiplies
ROE = (EAT / Sales) * (Sales / Total Assets) * (Total Assets / Stockholders' Equity)
NISHAT MILLS LIMITEDRATIO'S
2007 2008 2009 2010LIQUIDITY RATIO'S
4.27 4.11 2.81 2.71
2.85 1.73 1.01 1.38
PROFITABILITY RATIO'S 37.25 28.77 25.30 25.66
25.16 22.96 10.45 10.32
15.74 14.59 6.22 5.59
16.43 18.40 7.22 7.10
20.58 23.40 12.85 9.79
ACTIVITY RATIO'S 12.73 8.69 8.36 11.92
28.68 42.00 43.68 30.61
213.67 259.95 45.20 19.56
427.34 519.91 90.40 39.13
0.85 0.70 4.04 9.33
1.96 2.56 2.48 2.05
2.74 3.58 3.47 2.87
132.99 101.98 105.18 127.15
1.04 1.26 1.16 1.27
LEVERAGE RATIO'S 0.01 0.10 0.10 0.04
0.02 0.12 0.18 0.05
0.04 0.04 0.05 0.05
8,117,641.00 8,354,891.00 8,104,099.00 10,799,814.00
COVERAGE RATIO 231.18 40.05 39.23 97.46
OPERATING CYCLE
29.53 42.70 47.71 39.94
DUO PONT ANALYSIS
0.16 0.18 0.07 0.07
0.21 0.23 0.13 0.10
NISHAT MILLS LIMITEDINDEX ANALYSIS
BALANCE SHEETSRupees ‘000 Bass Rupees ‘000
2006 2006 2007SHARE CAPITAL AND RESERVESShare capital 1,365,375 100 1,706,718 Reserves 6,171,543 100 6,410,923
7,536,918 100 8,117,641
NON-CURRENT LIABILITIESStaff retirement benefit - staff gratuity 66,057 100 23,192 Deferred taxation 137,041 100 262,458 TOTAL NON-CURRENT LIABILITIES 203,098 100 285,650 CURRENT LIABILITIESTrade and other payables 1,598,432 100 1,698,374 Provision - 100 62,844 Taxation - provision less payments 105,374 100 -Short-term borrowing-running finance - 100 - Mark-up accurued - 100 -TOTAL CURRENT LIABILITIES 1,703,806 100 1,761,218 TOTAL LIABILITIES 1,906,904 100 2,046,868CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 9,443,822 100 10,614,509
NON-CURRENT ASSETSFixed assets - property, plant and equipment 1,774,449 100 2,236,720 Intangibles - 100 -Long-term loans to employees 35,786 100 53,755 Long-term deposits 6,808 100 6,808 Investments 96,425 100 346,824 TOTAL NON-CURRENT ASSETS 1,913,468 100 2,644,107
CURRENT ASSETSStores and spares 64,996 100 107,199 Stock-in-trade 2,195,407 100 2,277,175 Trade debts 84,697 100 116,847 Loans and advances 64,589 100 81,039 Trade deposits and prepayments 76,420 100 84,348 Accrued return 189,829 100 -Refunds due from government - 100 109,851 Other receivables 88,846 100 14,898 Taxation - payments less provision - 100 378,071 Investments 99,100 100 98,299 Cash and bank balances 4,666,470 100 4,252,745
TOTAL CURRENT ASSETS 7,530,354 100 7,520,402 TOTAL ASSETS 9,443,822 100 10,164,509
INCOME STATEMENTSRupees ‘000 Bass Rupees ‘000
2006 2006 2007Net sales 10,088,247 100 10,610,882 Cost of sales (6,221,581) 100 (6,658,753)Gross profit 3,866,666 100 3,952,129 Selling, marketing and distribution expenses (1,053,388) 100 (1,210,818)Administrative expenses (436,821) 100 (486,721)Other operating expenses (221,662) 100 (223,912)Other operating income 496,390 100 639,415 Operating profit 2,651,185 100 2,670,093 Financial charges (19,316) 100 (11,550)Profit before taxation 2,631,869 100 2,658,543 Taxation (966,906) 100 (988,018)Profit after taxation 1,664,963 100 1,670,525
NISHAT MILLS LIMITEDINDEX ANALYSIS
BALANCE SHEETS 1st Year Rupees ‘000 2nd Year Rupees ‘000 3rd Year Rupees ‘000 4th Year
2007 2008 2008 2009 2009 2010 2010
125.00 1,706,718 125.00 1,706,718 125.00 1,964,118 143.85 103.88 6,648,173 107.72 6,397,381 103.66 8,835,696 143.17 107.71 8354891 110.85 8,104,099 107.53 10,799,814 143.29
35.11 20,802 31.49 58,894 89.16 115,240 174.46 191.52 312,270 227.87 320,435 233.82 416,452 303.89 140.65 333,072 164.00 379,329 186.77 531,692 261.79
106.25 1,867,275 116.82 2,524,426 157.93 3,429,292 214.54 #VALUE! 70,387 #VALUE! 236,934 #VALUE! 131,001 #VALUE!#VALUE! - #VALUE! - #VALUE! - #VALUE!#VALUE! - #VALUE! 4520 #VALUE! - #VALUE!#VALUE! - #VALUE! 2369 #VALUE! - #VALUE! 103.37 1,937,662 113.73 3,346,868 196.43 3,560,293 208.96 107.34 2,270,734 119.08 3,726,197 195.41 4,091,985 214.59
112.40 10,625,625 112.51 11,007,854 116.56 14,891,799 157.69
126.05 2,415,255 136.11 3,829,588 215.82 4,189,996 236.13 #VALUE! - #VALUE! 956,045 #VALUE! 955,742 #VALUE! 150.21 61,666 172.32 61,299 171.29 73,590 205.64 100.00 6,788 99.71 12,347 181.36 11,871 174.37 359.68 171,855 178.23 168,687 174.94 - #VALUE! 138.18 2,655,564 138.78 5,027,966 262.77 5,231,199 273.39
164.93 116,084 178.60 142,065 218.57 150,632 231.76 103.72 3,494,054 159.15 4,543,689 206.96 4,312,535 196.43 137.96 1,016,968 1,200.71 1,328,457 1,568.48 295,762 349.20 125.47 119,242 184.62 914,848 1,416.41 144,267 223.36 110.37 93,377 122.19 106,224 139.00 96,234 125.93 #VALUE! - #VALUE! 22,522 11.86 19,443 10.24 #VALUE! 80,596 #VALUE! 3,050 #VALUE! 17,534 #VALUE! 16.77 15,468 17.41 111,196 125.16 290,056 326.47 #VALUE! 153,864 #VALUE! 352,849 #VALUE! 623,410 #VALUE! 99.19 155,511 156.92 644,889 650.75 901,955 910.15 91.13 2,724,897 58.39 2,053,153 44.00 2,808,772 60.19
99.87 7,970,061 105.84 9,402,942 124.87 9,660,600 128.29 107.63 10,625,625 112.51 14,430,908 152.81 14,891,799 157.69
INCOME STATEMENTS 1st Year Rupees ‘000 2nd Year Rupees ‘000 3rd Year Rupees ‘000 4th Year
2007 2008 2008 2009 2009 2010 2010 105.18 13,403,224 132.86 16,753,873 166.07 18,916,191 187.51 107.03 (9,547,619) 153.46 -12,514,592 201.15 -14,063,242 226.04 102.21 3,855,605 99.71 4,239,281 109.64 4,852,949 125.51 114.95 (1,328,925) 126.16 -1,949,079 185.03 -2,301,516 218.49 111.42 (520,216) 119.09 -850,868 194.79 -826,236 189.15 101.02 (208,355) 94.00 -151,802 68.48 -171,143 77.21 128.81 1,279,790 257.82 463,693 93.41 397,696 80.12 100.71 3,077,899 116.10 1,751,225 66.05 1,951,750 73.62 59.79 (76,859) 397.90 -44,645 231.13 -20,026 103.68 101.01 3,001,040 114.03 1,706,580 64.84 1,931,724 73.40 102.18 (1,045,853) 108.16 -665,289 68.81 -874,341 90.43 100.33 1,955,187 117.43 1,041,291 62.54 1,057,383 63.51
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETSRupees ‘000 1st Year Rupees ‘000
2006 2006 2007SHARE CAPITAL AND RESERVESShare capital 1,365,375 14.46 1,706,718 Reserves 6,171,543 65.35 6,410,923
7,536,918 79.81 8,117,641
NON-CURRENT LIABILITIESStaff retirement benefit - staff gratuity 66,057 0.70 23,192 Deferred taxation 137,041 1.45 262,458 TOTAL NON-CURRENT LIABILITIES 203,098 2.15 285,650 CURRENT LIABILITIESTrade and other payables 1,598,432 16.93 1,698,374 Provision - #VALUE! 62,844 Taxation - provision less payments 105,374 1.12 -Short-term borrowing-running finance - #VALUE! - Mark-up accurued - #VALUE! -TOTAL CURRENT LIABILITIES 1,703,806 18.04 1,761,218 TOTAL LIABILITIES 1,906,904 20.19 2,046,868CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 9,443,822 100.00 10,614,509
NON-CURRENT ASSETSFixed assets - property, plant and equipment 1,774,449 18.79 2,236,720 Intangibles - #VALUE! -Long-term loans to employees 35,786 0.38 53,755 Long-term deposits 6,808 0.07 6,808 Investments 96,425 1.02 346,824 TOTAL NON-CURRENT ASSETS 1,913,468 20.26 2,644,107
CURRENT ASSETSStores and spares 64,996 0.69 107,199 Stock-in-trade 2,195,407 23.25 2,277,175 Trade debts 84,697 0.90 116,847 Loans and advances 64,589 0.68 81,039 Trade deposits and prepayments 76,420 0.81 84,348 Accrued return 189,829 2.01 -Refunds due from government - #VALUE! 109,851 Other receivables 88,846 0.94 14,898 Taxation - payments less provision - #VALUE! 378,071 Investments 99,100 1.05 98,299 Cash and bank balances 4,666,470 49.41 4,252,745
TOTAL CURRENT ASSETS 7,530,354 79.74 7,520,402 TOTAL ASSETS 9,443,822 100.00 10,164,509
INCOME STATEMENTSRupees ‘000 1st Year Rupees ‘000
2006 2006 2007Net sales 10,088,247 100.00 10,610,882 Cost of sales (6,221,581) (61.67) (6,658,753)Gross profit 3,866,666 38.33 3,952,129 Selling, marketing and distribution expenses (1,053,388) (10.44) (1,210,818)Administrative expenses (436,821) (4.33) (486,721)Other operating expenses (221,662) (2.20) (223,912)Other operating income 496,390 4.92 639,415 Operating profit 2,651,185 26.28 2,670,093 Financial charges (19,316) (0.19) (11,550)Profit before taxation 2,631,869 26.09 2,658,543 Taxation (966,906) (9.58) (988,018)Profit after taxation 1,664,963 16.50 1,670,525
NISHAT MILLS LIMITEDCOMMON SIZE ANALYSIS
BALANCE SHEETS 2nd Year Rupees ‘000 3rd Year Rupees ‘000 4th Year Rupees ‘000 5th Year
2007 2008 2008 2009 2009 2010 2010
16.79 1,706,718 16.06 1,706,718 11.83 1,964,118 13.19 63.07 6,648,173 62.57 6,397,381 44.33 8,835,696 59.33 85.96 8354891 88.47 8,104,099 85.81 10,799,814 114.36
0.23 20,802 0.20 58,894 0.41 115,240 0.77 2.58 312,270 2.94 320,435 2.22 416,452 2.80 2.81 333,072 3.13 379,329 2.63 531,692 3.57
16.71 1,867,275 17.57 2,524,426 17.49 3,429,292 23.03 0.62 70,387 0.66 236,934 1.64 131,001 0.88 #VALUE! - #VALUE! - #VALUE! - #VALUE!#VALUE! - #VALUE! 4520 0.03 - #VALUE!#VALUE! - #VALUE! 2369 0.02 - #VALUE!
17.33 1,937,662 18.24 3,346,868 23.19 3,560,293 23.91 20.14 2,270,734 21.37 3,726,197 25.82 4,091,985 27.48
104.43 10,625,625 100.00 11,007,854 76.28 14,891,799 100.00
22.01 2,415,255 22.73 3,829,588 26.54 4,189,996 28.14 #VALUE! - #VALUE! 956,045 6.62 955,742 6.42
0.53 61,666 0.58 61,299 0.42 73,590 0.49 0.07 6,788 0.06 12,347 0.09 11,871 0.08 3.41 171,855 1.62 168,687 1.17 - #VALUE! 26.01 2,655,564 24.99 5,027,966 34.84 5,231,199 35.13
1.05 116,084 1.09 142,065 0.98 150,632 1.01 22.40 3,494,054 32.88 4,543,689 31.49 4,312,535 28.96 1.15 1,016,968 9.57 1,328,457 9.21 295,762 1.99 0.80 119,242 1.12 914,848 6.34 144,267 0.97 0.83 93,377 0.88 106,224 0.74 96,234 0.65 #VALUE! - #VALUE! 22,522 0.16 19,443 0.13
1.08 80,596 0.76 3,050 0.02 17,534 0.12 0.15 15,468 0.15 111,196 0.77 290,056 1.95 3.72 153,864 1.45 352,849 2.45 623,410 4.19 0.97 155,511 1.46 644,889 4.47 901,955 6.06 41.84 2,724,897 25.64 2,053,153 14.23 2,808,772 18.86
73.99 7,970,061 75.01 9,402,942 65.16 9,660,600 64.87 100.00 10,625,625 100.00 14,430,908 100.00 14,891,799 100.00
INCOME STATEMENTS 2nd Year Rupees ‘000 3rd Year Rupees ‘000 4th Year Rupees ‘000 5th Year
2007 2008 2008 2009 2009 2010 2010 100.00 13,403,224 100.00 16,753,873 100.00 18,916,191 100.00 (62.75) (9,547,619) (71.23) -12,514,592 (74.70) -14,063,242 (74.34) 37.25 3,855,605 28.77 4,239,281 25.30 4,852,949 25.66 (11.41) (1,328,925) (9.91) -1,949,079 (11.63) -2,301,516 (12.17) (4.59) (520,216) (3.88) -850,868 (5.08) -826,236 (4.37) (2.11) (208,355) (1.55) -151,802 (0.91) -171,143 (0.90) 6.03 1,279,790 9.55 463,693 2.77 397,696 2.10 25.16 3,077,899 22.96 1,751,225 10.45 1,951,750 10.32 (0.11) (76,859) (0.57) -44,645 (0.27) -20,026 (0.11) 25.05 3,001,040 22.39 1,706,580 10.19 1,931,724 10.21 (9.31) (1,045,853) (7.80) -665,289 (3.97) -874,341 (4.62) 15.74 1,955,187 14.59 1,041,291 6.22 1,057,383 5.59
KOHINOOR TEXTILE MILLS LIMITEDBALANCE SHEET
Rupees ‘000
2,010
SHARE CAPITAL AND RESERVES
Share capital 1,455,262
Reserves 1,906,006
3,361,268Surplus on revaluation of property 3,673,825
NON-CURRENT LIABILITIES
Long term financing 1,628,067
Deferred tax 157,996
Liabilities against assets subject to finance lease 67,005
TOTAL NON-CURRENT LIABILITIES 1,853,068CURRENT LIABILITIES
Trade and other payables 1,040,257
Accrued markup 289,987
Short term finances 6,070,435
Current portion of long term liabilities 768,459
TOTAL CURRENT LIABILITIES 8,169,138TOTAL LIABILITIES 10,022,206CONTINGENCIES AND COMMITMENTS
TOTAL LIBILITIES AND ONWERS' EQUITY 17,057,299
NON-CURRENT ASSETS
Fixed assets - property, plant and equipment 6,496,299
Investment properties 1,720,835
Long term investments 2,249,170
Long term deposits, prepayments and deferred cost 34,887
TOTAL NON-CURRENT ASSETS 10,501,191
CURRENT ASSETS
Stores and spares 345,798
Stock-in-trade 2,393,113
Trade debts 1,329,065
Short term investments 642,111Loans and advances 596,795
Short term deposits and prepayments 15,578
Other receivables 401,928
Taxation recoverable 99,805
Accrued interest 141
Cash and bank balances 78,851
TOTAL CURRENT ASSETS 5,903,185Non-current assets classified as held for sale 652,923
TOTAL ASSETS 17,057,299
KOHINOOR TEXTILE MILLS LIMITEDINCOME STATEMENT
Rupees ‘000
2,010
Net sales 10,693,338
Cost of sales 8,692,529
Gross profit 2,000,809Selling, marketing and distribution expenses 397,818
Administrative expenses 195,103
Other operating expenses 37,323
Other operating income 78,651
Operating profit 1,449,216
Financial charges 1,072,768
SHARE OF PROFIT IN ASSOCIATED COMPANIES 0
Profit before taxation 376,448Taxation 98,587
Profit after taxation 277,861
Earnings per share (Rs) 1.91
KOHINOOR TEXTILE MILLS LIMITEDRATIO'S
RATIO'S 2010LIQUIDITY RATIO'S
0.72
0.43
PROFITABILITY RATIO'S
18.71
13.55
2.60
1.63
19.09
ACTIVITY RATIO'S
3.63
100.49
8.05
45.37
Annual Purchases 3,498,981
3.36
108.52
Current Ratio = Current Assets / Current Liabilities
Quick Ratio = Current Assets - Inventory / Current Liabilities
Gross Profit Margin = (Gross Profit / Sales) * 100
Operating Profit Margin = (Operating Profit / Sales) * 100
Net profit Margin = (EAT / Sales) * 100
Return on Assets = (EAT / Total Assets) * 100
Return on Equity = (EAT / Common Stockholders' Equity) * 100
Inventory Turnover = CGS / Avg Inventory
Age of Inventory = 365 / Inventory Turnover
Receivable Turnover = Credit Sales / A/C Receivable
Age of Receivable = 365 / Receivable Turnover
Payable Turnover = Purchase / A/C Payable
Age of Payable = 365 / Payable Turnover
0.63
LEVERAGE RATIO'S
0.59
6.89
3,308,330.00
0.56
COVERAGE RATIO
1.35
OPERATING CYCLE
145.85
DUO PONT ANALYSIS
0.02
0.19
Assets Turnover = Net Sales / Total Assets
Debt Ratio = Total Debt / Total Assets
Debt-to-Equity = Total Debt / Common Stockholders' Equity
Total Capitalization = Long Term Debt + Stockholders' Equity
Capitalization Ratio = Long Term Debt / Total Capitalization
Coverage Ratio = EBIT / Interest Expense
Operating Cycle = Inventory Turnover in Days + Receviable Turnover in Days
Earning Power = Sales Profitabilities * Assets Efficency
Earning Power = (EAT / Sales) * (Sales / Total Assets)
ROE = Sales Profitabilities * Assets Efficency * Equity Efficency Multiplies
ROE = (EAT / Sales) * (Sales / Total Assets) * (Total Assets / Stockholders' Equity)