Sanofi Aventis

Ration Analysis for the year 2009 & 2008

RATIOS 2009 2008
LIQUIDITY RATIO

CURRENT RATIO = CURRENT ASSETS = 2,037,205.00 = 0.98 1 : 0.98 1,769,820.00 = 0.98 1 : 0.98
CURRENT LIABILITES 2,075,329.00 1,797,596.00

ACID TEST RATIO = QUICK ASSETS = 900,468.00 = 0.43 1 : 0.24 664,876.00 = 0.37 1 : 0.16
CURRENT LIABILITES 2,075,329.00 1,797,596.00

CASH RATIO = QUICK ASSETS - RECEIVABLE = 414,261.00 = 0.200 1 : .0.001 377,673.00 = 0.210 1 : 0.001
CURRENT LIABILITES 2,075,329.00 1,797,596.00

WORKING CAPITAL CURRENT ASSETS - CURRENT LIABILITIES (38,124.00) (27,776.00)

ASSETS UTILIZATION RATIO :

ACCOUNT RECEIVABLE TURNOVER = TURN OVER = 6,725,708.00 = 27.02 Times 4,346,528.00 = 28.60 Times A
AVG.ACCOUNT RECEIVABLE 248,879.50 151,951.00

DAYS SALES UNCOLLECTED = ACCOUNT RECEIVABLE X 365 = 345,808.00 = 18.77 Days 151,951.00 = 12.76 Days
NET SALES 6,725,708.00 4,346,528.00

INVENTORY TURNOVER = COST OF GOOD SOLD = 5,099,109.00 = 4.55 Times 3,290,705.00 = 2.98 Times A
AVG. INVENTORY 1,120,840.50 1,104,944.00

DAYS SALES IN INVENTORY = ENDING INVENTORY X 365 = 1,120,840.50 = 80.23 Days 1,104,944.00 = 122.56 Days
COST OF GOODS SOLD 5,099,109.00 3,290,705.00

TOTAL ASSETS TURNOVER = NET SALES = 6,725,708.00 = 2.09 Times 4,346,528.00 = 1.46 Times A
AVG. TOTAL ASSETS 3,211,724.00 2,984,355.00

FIXED ASSETS TURNOVER = NET SALES = 6,725,708.00 = 4.83 Times 4,346,528.00 = 3.63 Times
FIXED ASSETS 1,393,461.00 1,195,978.00

SOLVENCY RATION

TIME INTEREST EARNED = NET PROFIT BEFORE INTEREST EXPENSE & TAX = 384,071.00 2.93 171,478.00 = 1.97
INTEREST EXPENSES 131,012.00 87,113.00

EQUITY GEARING = PREFERED SHARE CAPITAL + LOAN 1,209,593.00 = 32.79 1,000,008.00 = 23.57
ORDNARY SHARE CAPITAL + RESERV 3,689,273.00 4,241,886.00

DEBT TO EQUITY = TOTAL LIABILITES = 2,146,644.00 = 0.62 1,867,743.00 = 0.63

TOTAL EQUITY 3,439,093.00 2,984,355.00
PROFITABILTY RATIO

GROSS MARGION RATIO = (NET SALES - COST OF SALES ) GROSS PROFIT = 1,626,599.00 = 0.24 1,055,823.00 = 0.24
NET SALES 6,725,708.00 4,346,528.00

PROFIT MARGION RATIO = NET INCOME 167,371.00 = 0.02 38,269.00 = 0.01

NET SALES 6,725,708.00 4,346,528.00

OPERATING PROFIT MARGIN = OPERATING INCOME 384,071.00 = 0.12 171,478.00 = 0.06

AVG.TOTAL ASSETS 3,211,724.00 2,984,355.00 A

RETURN ON COMMON SHARE = NET INCOME - PRE DIVIDEND 167,371.00 = 1.74 38,269.00 = 0.40
HOLDER EQUITY AVG.COMMON SHARE HOLDER EQUITY 96,448.00 96,448.00

RETURN ON CAPITAL EMPLOYED = EBIT 384,071.00 = 0.32 171,478.00 = 0.15 A

AVG.CAPITAL EMPLOYED 1,204,530.50 1,116,612.00

MARKET RATIOS

EARNING PER SHARE = NET INCOME - PREFERRED DIVDENDS 167,371.00 = 17.35 38,269.00 = 3.97
WT.AVG COMMON SHARES OUTSTANDING 9,646.74 9,639.55

PRICE EARNING RATIO = MARKET PRICE PER SHARE 155.00 = 8.93 100.00 = 25.19
EARNING PER SHARE 17.35 3.97

DIVIDEND YIELD = ANNUAL DIVIDENDS PER SHARE 7.00 = 0.05 = #DIV/0!

MARKET PRICE PER SHARE 155.00

EARNING YIELD = EARNING PER SHARE 17.35 = 2.48 = #DIV/0!

MARKET PRICE PER SHARE 7.00

DIVIDEND COVER = ERNING PER SHARES 17.35 = 2.48 = #DIV/0!

ANNUAL DIVIDENDS PER SHARE 7.00
 Sanofi Aventis
Ration Analysis for the year 2009 & 2008

Ratios. 2009 2008

LIQUIDITY RATIO
Current ratio 1 : 0.98 1 : 0.98
We can easly clear our Liabities there is No change in current Ratio Sanofi
Avenities maintain there Currect assets with Currect liabities its increase current
Liabilites but also increaes in current Assets
Quick ratio 1 : 0.24 1 : 0.16

Quick Ratio is increase 0.24 from 0.16 due to increas in cash or cash equelen
assets and increaes assets more then liabilites
Cash Ratio 1 : .0.001 1 : 0.001
Organization maintance cash ratio as per last year there is no any change

Working Capital (38,124.00) (27,776.00)

In year 2008 Working Capital is nagetive Rs. 27,776,000/= and also increase in
nagetive and working capital in 2009 is 38,124,000/= and the reasion is
increase in currect liabilties due to more purchases and credit
ASSETS UTILIZATION RATIO :
Inventory Turnover 4.5 3.0

Invetory turn over is 4.5 in 2009 which is morethen last year 2008 I/T is 3 due to
increase in Turnv of and also maintane some level of invernty .
Days Sales in Inv 80.2 122.6
Days Sales Inverntory is reduce by management from 122.6 to 80.20 the
inventory level is maintaine some as last year bus turn over increase and
increase and no of order and purchase inventory on requirment.
Account Receivable Turnover 27.0 28.6

Account Receivable Turnover is not change magament maintain this Turn over
ratio
Days Sales Uncollected 18.8 12.8

Days sales Uncollected is incrrease in 2009 due to increase in sales and some
give credit to debtors for increasing sales
Total Assets Turnover 2.09 1.46

Total Assets Turn over is Increase 2.09 from 1.46 Management purchasesa
assets but more focus on sales which is higher then last year
Fixed Assets Turnover 4.83 3.63
Total Fixed Assets Turn over is Increase 4.83 from 3.63 Management Invest in
Fixed Assets to Maintain thre goods Fixed Assets Ratio and also increase sales
in 2009
SOLVENCY RATION
Time Interest Earned 2.932 1.968

Time Intrest Earned Ratio is increases 2.932 from 1.968 due to Lease some
Vehicle of Mangment
Debt to Equity (L/E) 0.624 0.626

The magment Must Maintain the Debt to Equity as both year comparision
liabilites are increase and also increases in equity
EQUITY GEARING 32.787 23.575

The return on common equity is increase 32.787 from 23.575 due to increase in
sales.
Debt to Equity (L/L+E) 0.603 0.601
Dent tp Equity is no change magement maintaince there ratio
PROFITABILTY RATIO
Gross Margin Ratio 0.24 0.24

No change in Gross margion Ratio sales is increase but Cost of good sold is
also iincrease.
Profit Margin Ratio 0.02 0.01

Profit Margion Ration is Increase .02 from .01 due to reduction and other
expenses
Operating Profit Margin Ratio 0.12 0.06

Operating Profit margion Ratio is increases .12 from .06 which in double due to
reduction in operating Expeneses of the organization
RETURN ON COMMON SHARE HOLDER EQUITY 1.74 0.40

Return on Common share holder is increase 1.74 from .40 which is more effect
for Buyer which depend on profit
RETURN ON CAPITAL EMPLOYED 31.9% 15.4%

Return on Capital Employed is increas 31.9 from 15.40 which is Twise and
increase due to EBIT Increase
MARKET RATIOS
EARNING PER SHARE 17.35 3.97
Earing Per Share is 17.35 in 2009 and in 2008 EPS is just3.97 which is very low
and this show firm increse there profit due to increase in sales
PRICE EARNING RATIO 8.93 25.19

Price Earning Ration is cunsurned with Market Price which is change on the
market Level of News
DIVIDEND YIELD 0.05 #DIV/0!

Dividend Yield is .05 and the last year data is not avaibale
EARNING YIELD 2.48 #DIV/0!
Earning Yield is 2.48 and the last year data is not avaibale
DIVIDEND COVER 2.48 #DIV/0!
Dividend Cover is 2.48 and the last year data is not avaibale
 RATIOS 2009 2008
LIQUIDITY RATIO

CURRENT RATIO = CURRENT ASSETS = 2,037,205.00 = 0.98 1 : 0.98 1,769,820.00 = 0.98 1 : 0.98 There is No change in current Ratio Sanofi Avenities maintain there Currect assets with Currect liabities its increase current Liabilites but also increaes in current Assets
CURRENT LIABILITES 2,075,329.00 1,797,596.00

ACID TEST RATIO = QUICK ASSETS = 900,468.00 = 0.43 1 : 0.24 664,876.00 = 0.37 1 : 0.16 Company Cash or Cash Equilant Position is very strong easly clear all Current Liability on request and Increase Cash position and receivable in 2001 ( 0.72 )
CURRENT LIABILITES 2,075,329.00 1,797,596.00

CASH RATIO = QUICK ASSETS - RECEIVABLE = 414,261.00 = 0.200 1 : .0.001 377,673.00 = 0.210 1 : 0.001
CURRENT LIABILITES 2,075,329.00 1,797,596.00

WORKING CAPITAL CURRENT ASSETS - CURRENT LIABILITIES (38,124.00) (27,776.00)

ASSETS UTILIZATION RATIO :

ACCOUNT RECEIVABLE TURNOVER = TURN OVER = 6,725,708.00 = 27.02 Times 4,346,528.00 = 28.60 Times A
AVG.ACCOUNT RECEIVABLE 248,879.50 151,951.00

DAYS SALES UNCOLLECTED = ACCOUNT RECEIVABLE X 365 = 345,808.00 = 18.77 Days 151,951.00 = 12.76 Days
NET SALES 6,725,708.00 4,346,528.00

INVENTORY TURNOVER = COST OF GOOD SOLD = 5,099,109.00 = 4.55 Times 3,290,705.00 = 2.98 Times A
AVG. INVENTORY 1,120,840.50 1,104,944.00

DAYS SALES IN INVENTORY = ENDING INVENTORY X 365 = 1,120,840.50 = 80.23 Days 1,104,944.00 = 122.56 Days
COST OF GOODS SOLD 5,099,109.00 3,290,705.00

TOTAL ASSETS TURNOVER = NET SALES = 6,725,708.00 = 2.09 Times 4,346,528.00 = 1.46 Times A
AVG. TOTAL ASSETS 3,211,724.00 2,984,355.00

FIXED ASSETS TURNOVER = NET SALES = 6,725,708.00 = 4.83 Times 4,346,528.00 = 3.63 Times
FIXED ASSETS 1,393,461.00 1,195,978.00

SOLVENCY RATION

TIME INTEREST EARNED = NET PROFIT BEFORE INTEREST EXPENSE & TAX = 384,071.00 2.93 171,478.00 = 1.97
INTEREST EXPENSES 131,012.00 87,113.00

EQUITY GEARING = PREFERED SHARE CAPITAL + LOAN 1,209,593.00 = 32.79 1,000,008.00 = 23.57
ORDNARY SHARE CAPITAL + RESERV 3,689,273.00 4,241,886.00

DEBT TO EQUITY = TOTAL LIABILITES = 2,146,644.00 = 0.62 1,867,743.00 = 0.63

TOTAL EQUITY 3,439,093.00 2,984,355.00

PROFITABILTY RATIO

GROSS MARGION RATIO = (NET SALES - COST OF SALES ) GROSS PROFIT = 1,626,599.00 = 0.24 1,055,823.00 = 0.24
NET SALES 6,725,708.00 4,346,528.00

PROFIT MARGION RATIO = NET INCOME 167,371.00 = 0.02 38,269.00 = 0.01

NET SALES 6,725,708.00 4,346,528.00

OPERATING PROFIT MARGIN = OPERATING INCOME 384,071.00 = 0.12 171,478.00 = 0.06

AVG.TOTAL ASSETS 3,211,724.00 2,984,355.00 A

RETURN ON COMMON SHARE = NET INCOME - PRE DIVIDEND 167,371.00 = 1.74 38,269.00 = 0.40
HOLDER EQUITY AVG.COMMON SHARE HOLDER EQUITY 96,448.00 96,448.00

RETURN ON CAPITAL EMPLOYED = EBIT 384,071.00 = 0.32 171,478.00 = 0.15 A

AVG.CAPITAL EMPLOYED 1,204,530.50 1,116,612.00

MARKET RATIOS

EARNING PER SHARE = NET INCOME - PREFERRED DIVDENDS 167,371.00 = 17.35 38,269.00 = 3.97
WT.AVG COMMON SHARES OUTSTANDING 9,646.74 9,639.55

PRICE EARNING RATIO = MARKET PRICE PER SHARE 155.00 = 8.93 155.00 = 39.04
EARNING PER SHARE 17.35 3.97

DIVIDEND YIELD = ANNUAL DIVIDENDS PER SHARE 7.00 = 0.05 = #DIV/0!

MARKET PRICE PER SHARE 155.00

EARNING YIELD = EARNING PER SHARE 17.35 = 2.48 = #DIV/0!

MARKET PRICE PER SHARE 7.00

DIVIDEND COVER = ERNING PER SHARES 17.35 = 2.48 = #DIV/0!

ANNUAL DIVIDENDS PER SHARE 7.00
Sanofi Aventis
Ration Analysis for the year 2009 & 2008
Comparison of Ration of Sonafi Aventis Between year 2008
Ratios. 2009 2008 and 2009

We can easly clear our Liabities there is No change in

LIQUIDITLIQUIDITLIQUIDITLIQUIDITY RATIO current Ratio Sanofi Avenities maintain there Currect assets
with Currect liabities its increase current Liabilites but also
Current ratio 1 : 0.98 1 : 0.98 increaes in current Assets
We can easly clear our Liabities there is No change in current Ratio Sanofi Avenities maintain
there Currect assets with Currect liabities its increase current Liabilites but also increaes in
current Assets

Quick ratio 1 : 0.24 1 : 0.16 Quick Ratio is increase 0.24 from 0.16 due to increas in cash or c
Quick Ratio is increase 0.24 from 0.16 due to increas in cash or cash equelen assets and
increaes assets more then liabilites
Cash Ratio 1 : .0.001 1 : 0.001 Organization maintance cash ratio as per last year there is no any
Organization maintance cash ratio as per last year there is no any change
Working Capital Million (38,124.00) (27,776.00) In year 2008 Working Capital is nagetive Rs. 27,776,000/= and al
In year 2008 Working Capital is nagetive Rs. 27,776,000/= and also increase in nagetive and working capital in 2009 is 38,124,000/= and the reasion is increase in currect liabilties du
ASSETS A USSETS A USSETS A USSETS UTILIZATION RATIO :
Inventory
Invetory Turnover
turn over is 4.5 in 2009 which is morethen lastTimes
year 2008 I/T is 34.5
due to increase 3.0
in Invetory turn over is 4.5 in 2009 which is morethen last year 2008
Turnv of and also maintane some level of invernty .
Daysmaintaine
Sales in Inv
some as last year bus turn over increase Days
and increase and80.2 122.6
no of order and Days Sales Inverntory is reduce by management from 122.6 to 80
purchase inventory on requirment.
Account Receivable Turnover Times 27.0 28.6 Account Receivable Turnover is not change magament maintain t
Account Receivable Turnover is not change magament maintain this Turn over ratio
Days
DaysSales
salesUncollected Days in sales and
Uncollected is incrrease in 2009 due to increase 18.8 12.8
some give credit to Days sales Uncollected is incrrease in 2009 due to increase in sa
debtors for increasing sales
Total
TotalAssets
AssetsTurnover Times
Turn over is Increase 2.09 from 1.46 Management 2.09 assets but more
purchasesa 1.46 Total Assets Turn over is Increase 2.09 from 1.46 Management p
focus on sales which is higher then last year
Fixed Assets Turnover Times 4.83 3.63 Total Fixed Assets Turn over is Increase 4.83 from 3.63 Managem
 Total Fixed Assets Turn over is Increase 4.83 from 3.63 Management Invest in Fixed Assets
to Maintain thre goods Fixed Assets Ratio and also increase sales in 2009
SOLVENC SOLVENC SOLVENC SOLVENCY RATION
Time Interest
Time Earned
Intrest 2.932
Earned Ratio is increases 2.932 from 1.968 due to Lease some Vehicle 1.968
of Time Intrest Earned Ratio is increases 2.932 from 1.968 due to Le
Mangment
DebtThe
to Equity
magment(L/E)Must Maintain the Debt to Equity as both year comparision
0.624 liabilites are
0.626 The magment Must Maintain the Debt to Equity as both year com
increase and also increases in equity
EQUITY GEARING 32.787 23.575 The return on common equity is increase 32.787 from 23.575 due
The return on common equity is increase 32.787 from 23.575 due to increase in sales.
Debt to Equity (L/L+E) 0.603 0.601 Dent tp Equity is no change magement maintaince there ratio
Dent tp Equity is no change magement maintaince there ratio
PROFITAPROFITAPROFITAPROFITABILTY RATIO

Gross Margin Ratio 0.24 0.24 No change in Gross margion Ratio sales is increase but Cost of g
No change in Gross margion Ratio sales is increase but Cost of good sold is also iincrease.
Profit Margin Ratio 0.02 0.01 Profit Margion Ration is Increase .02 from .01 due to reduction an
Profit Margion Ration is Increase .02 from .01 due to reduction and other expenses
Operating
OperatingProfit
ProfitMargin Ratio
margion Ratio is increases .12 from .06 which in double 0.12
due to reduction0.06
in Operating Profit margion Ratio is increases .12 from .06 which in
operating Expeneses of the organization
RETURN
Return ON COMMON
on Common SHARE
share HOLDER
holder EQUITY
is increase 1.74effect for Buyer
1.74 from .40 which is more 0.40 Return on Common share holder is increase 1.74 from .40 which
which depend on profit
RETURN
Return on ONCapital
CAPITAL EMPLOYED
Employed is increas 31.9 from 15.40 which is Twise31.9%
and increase due 15.4%
to Return on Capital Employed is increas 31.9 from 15.40 which is T
EBIT Increase
MARKET RATIOS

EARNING PER SHARE 17.35 3.97 Earing Per Share is 17.35 in 2009 and in 2008 EPS is just3.97 wh
17.35 in 2009 and in 2008 EPS is just3.97 which is very low and this show firm increse there profit due to increase in sales
PRICE EARNING RATIO 8.93 25.19 Price Earning Ration is cunsurned with Market Price which is cha
Price Earning Ration is cunsurned with Market Price which is change on the market Level of News
DIVIDEND YIELD 0.05 #DIV/0! Dividend Yield is .05 and the last year data is not avaibale
Dividend Yield is .05 and the last year data is not avaibale
EARNING YIELD 2.48 #DIV/0! Earning Yield is 2.48 and the last year data is not avaibale
Earning Yield is 2.48 and the last year data is not avaibale
DIVIDEND COVER 2.48 #DIV/0! Dividend Cover is 2.48 and the last year data is not avaibale
Dividend Cover is 2.48 and the last year data is not avaibale
or cash equelen assets and increaes assets more then liabilites

any change

d also increase in nagetive and working capital in 2009 is 38,124,000/= and the reasion is increase in currect liabilties due to more purchases and credit
s due to more purchases and credit

008 I/T is 3 due to increase in Turnv of and also maintane some level of invernty .

o 80.20 the inventory level is maintaine some as last year bus turn over increase and increase and no of order and purchase inventory on requirment.

ain this Turn over ratio

n sales and some give credit to debtors for increasing sales

nt purchasesa assets but more focus on sales which is higher then last year

agement Invest in Fixed Assets to Maintain thre goods Fixed Assets Ratio and also increase sales in 2009
to Lease some Vehicle of Mangment

comparision liabilites are increase and also increases in equity

due to increase in sales.

of good sold is also iincrease.

n and other expenses

h in double due to reduction in operating Expeneses of the organization

hich is more effect for Buyer which depend on profit

is Twise and increase due to EBIT Increase

7 which is very low and this show firm increse there profit due to increase in sales

change on the market Level of News