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Ratio
Liquidity
Current Ratio
Quick Ratio
Activity
Inventory Turnover
Description
Debt
Debt ratio
Debt-to-Equity ratio
Profitability
Gross profit margin
ROA
(Return on Total Assets)
ROE
(Return on equity)
Market
Formula
Statoil ASA
Y2004
Y2005
BP plc
Y2005
1.06
0.99
1.05
(Current Assets-Inventory)/Current
Liabilities
0.95
0.88
0.78
26.99
27.30
9.81
13.52
13.37
37.22
31,736.00
43,361.00
42,632.00
832.21
1,069.97
683.47
38.13
40.53
62.38
1.22
1.35
1.21
AR (Account Receivable)
Average sales/day
AR/Annual Sales/365
Sales/Total Assets
65.10%
1.90
Gross Profit/Sales ;
(Gross Profit = Sales-COGS)
62.58%
NOK
61.35%
1.70
1.59
38.05%
39.64%
22.32%
8.20%
7.87%
8.96%
11.50
NOK
14.19
1.14
10.04%
10.63%
10.80%
29.30%
28.82%
27.93%
1.68
N/A
0.49
N/A
Evaluation
From the comparison of this liquidity ratio specifically in the end of
2005, it was revealed that Statoil has ability to pay its short term
payable (such as payment to the vendor/contractor) is lower than
BP.
From the comparison of this liquidity ratio specifically in the end of
2005, it was revealed that Statoil has more liquid assets to pay its
short term payable (such as payment to the vendor/contractor)
than BP. These liquid assets are ready to be converted to the cash
whenever the company needs to pay its short term debts.