RATIO

ANALYSIS

ANALYSIS

BALANCE
SHEET

PROFIT AND
LOSS

CASH FLOW
STATEMENT

BALANCE
SHEET

PROFIT AND
LOSS

CASH FLOW
STATEMENT

CONSOLIDATED BALANCE SHEET Rs. Million

Share Capital
Reserves and surplus
SHAREHOLDERS FUNDS

CONSOLIDATED BALANCE SHEET

2007
82,455.00
404,670.00
487,125.00

FLY ASH UTILISATION FUND

DEFERRED REVENUE ON ACCOUNT OF ADVANCE AGAINST DEPRECIATION
DEFERRED INCOME FROM FOREIGN CURRENCY FLUCTUATION
Secured loans
Unsecured loans
LOAN FUNDS
DEFERRED FOREIGN CURRENCY FLUCTUATION LIABILITY
DEFERRED TAX LIABILITY (NET)
Less: Recoverable
Current Liabilities
Provisions
Total
MINORITY INTEREST
TOTAL
GOODWILL ON CONSOLIDATION
FIXED ASSETS
Gross Block
Less: Depreciation
Net Block
Capital Work-in-Progress
Construction stores and advances

6,567.00
93,580.00
176,615.00
270,195.00
54,527.00
(54,526.00)
1.00
60,789.00
16,145.00
76,934.00
478.00
841,300.00
6.00
510,944.00
(252,166.00)
258,778.00
160,228.00
42,636.00
461,642.00

INVESTMENTS
DEFERRED FOREIGN CURRENCY FLUCTUATION ASSET

151,428.00

Inventories
Sundry debtors
Cash and bank balances
Other current assets
Loans and advances
CURRENT ASSETS, LOANS AND ADVANCES

25,899.00
13,806.00
136,981.00
10,635.00
40,903.00
228,224.00

DEFERRED EXPENDITURE FROM FOREIGN CURRENCY FLUCTUATION

TOTAL

841,300.00

Schedule G
Current Liabilities
Acceptances

Sundry Creditors
Trade (payables)
Others
Investor Education etc
Other Liabilities

Assumptions:
Fixed Assets
Net Fixed Assets - Opening
Add: Capex
Add: Acquisitions / (Disposals)/WIP addns
Less: Depreciation
Net Fixed Assets - Ending
Capex (as a % of sales)
Depreciation (as a % of sales)
Debt
Average Debt
Interest paid
Interest cost %
258778
Interest earned
Interest rate %
Ratio Analysis
Solvency Ratios
Current ratio
Quick ratio
Cash ratio
Turnover Ratios
Receivables turnover
Inventory turnover
Payables turnover
Average receivables collection period
Average inventory processing period
Average payment period
Cash Conversion Cycle
Other Receivables
Other Current Assets as % of Sales
Loans and Advances as % of Sales

Other Payables
Acceptances as % of COGS
Others Creditors as % of COGS
Investor Education etc as % of COGS
Other Liabilities as % of COGS
Operating Efficiency
Total asset turnover
Net fixed asset turnover
Equity turnover

Operating Profitability
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on total capital
Return on total equity

ROE DuPont Analysis

Profit Margin
Asset Turnover
Financial Leverage
ROE

Financial Risk Ratios

Debt to equity ratio
Debt ratio
Interest coverage ratio

LANCE SHEET
2008
82,455.00
446,174.00
528,629.00
13,734.00
104,388.00
198,759.00
303,147.00
2,554.00
56,043.00
(56,041.00)
2.00
62,155.00
24,070.00
86,225.00
1,242.00
935,533.00
6.00

2009
82,455.00
491,621.00
574,076.00
19,360.00
6,077.00
132,117.00
256,109.00
388,226.00
545.00
51,520.00
(51,519.00)
1.00
87,191.00
33,143.00
120,334.00
1,662.00
1,110,281.00
6.00

2010
82,455.00
543,824.00
626,279.00
16,108.00
153,764.00
287,721.00
441,485.00
611.00
30,869.00
(28,572.00)
2,297.00
97,579.00
31,503.00
129,082.00
2,790.00
1,218,652.00
6.00

2011
82,454.60
601,391.00
683,845.60
589.60
7,920.50
624.30
174,264.00
333,284.30
507,548.30
966.70
46,401.40
(39,684.90)
6,716.50
124,387.60
28,356.70
152,744.30
4,850.50
1,365,806.30
6.20

556,472.00
(274,868.00)
281,604.00
206,991.00
49,305.00
537,900.00

647,410.00
(297,755.00)
349,655.00
247,647.00
61,646.00
658,948.00

715,268.00
(327,226.00)
388,042.00
312,559.00
64,261.00
764,862.00

792,095.10
(343,463.00)
448,632.10
385,661.10
62,888.90
897,182.10

134,470.00

116,960.00
9,734.00

117,776.00
3,652.00

83,573.30
4,591.50

27,512.00
31,727.00
153,605.00
9,272.00
41,041.00
263,157.00

33,616.00
38,189.00
172,505.00
9,934.00
70,389.00
324,633.00

35,330.00
70,808.00
160,530.00
8,680.00
56,807.00
332,155.00

39,108.30
83,998.70
178,598.30
10,715.80
68,032.10
380,453.20

935,533.00

1,110,281.00

1,218,451.00

1,365,806.30

2012

2013

2014

2015

2016

2007
9.80%
48.10%
57.90%
0.00%
0.78%
0.00%
11.12%
20.99%
32.12%
0.00%
6.48%
-6.48%
0.00%
7.23%
1.92%
9.14%
0.06%
100.00%

COMMON SIZE STATEMENT

2008
2009
2010
8.81%
7.43%
7.43%
53.03%
44.28%
48.98%
62.83%
51.71%
56.41%
0.00%
0.00%
0.00%
1.63%
1.74%
1.45%
0.00%
0.55%
0.00%
12.41%
11.90%
13.85%
23.63%
23.07%
25.91%
36.03%
34.97%
39.76%
0.30%
0.05%
0.06%
6.66%
4.64%
2.78%
-6.66%
-4.64%
-2.57%
0.00%
0.00%
0.21%
7.39%
7.85%
8.79%
2.86%
2.99%
2.84%
10.25%
10.84%
11.63%
0.15%
0.15%
0.25%
100.00%
100.00%
100.00%

0.00%

0.00%

0.00%

0.00%

60.73%
-29.97%
30.76%
19.05%
5.07%
54.87%

59.48%
-29.38%
30.10%
22.13%
5.27%
57.50%

58.31%
-26.82%
31.49%
22.30%
5.55%
59.35%

58.70%
-26.86%
31.85%
25.65%
5.27%
62.77%

18.00%
0.00%

14.37%
0.00%

10.53%
0.88%

9.67%
0.30%

3.08%
1.64%
16.28%
1.26%
4.86%
27.13%
0.00%
100.00%

2.94%
3.39%
16.42%
0.99%
4.39%
28.13%
0.00%
100.00%

3.03%
3.44%
15.54%
0.89%
6.34%
29.24%
0.00%
100.00%

2.90%
5.81%
13.17%
0.71%
4.66%
27.26%
0.00%
100.00%

EMENT
2011 Average percentage
6.04%
7.90%
44.03%
47.69%
50.07%
55.78%
0.04%
0.01%
0.58%
1.24%
0.05%
0.12%
12.76%
12.41%
24.40%
23.60%
37.16%
36.01%
0.07%
0.10%
3.40%
4.79%
-2.91%
-4.65%
0.49%
0.14%
9.11%
8.07%
2.08%
2.54%
11.18%
10.61%
0.36%
0.19%
100.00% 100.00%
0.00%
57.99%
-25.15%
32.85%
28.24%
4.60%
65.69%

59.04%
-27.64%
31.41%
23.47%
5.15%
60.04%

6.12%
0.34%

11.74%
0.30%

2.86%
6.15%
13.08%
0.78%
4.98%
27.86%
0.00%
100.00%

2.96%
4.09%
14.90%
0.93%
5.05%
27.92%
0.00%
100.00%

Share Capital

82455

82455

82455

82455

82454.6

82455.1

82455

82454.9

82454.8

82454.7

82454.6

82454.5

82454.4
2007

2008

Share Capital

2008

2009

2010

2011

CONSOLIDATED PROFIT & LOSS ACCOUNT

CONSOLIDATED PROFIT & LOSS ACCOUNT Rs. Million
Sales (Gross)
Less: Electricity duty
Sales (Net)
Energy Internally consumed
Provisions written back
Total Revenue
Fuel
Electricity purchased
Cost of material and services
cost of good sold

2007
34,042.90
(203.70)
33,839.20
36.50
4.10
33,879.80
19,820.10
986.00
95.20
20,901.30

2008
38,863.00
(228.00)
38,635.00
40.90
6.40
38,682.30
22,218.70
947.10
136.40
23,302.20

2009
42,897.40
(236.00)
42,661.40
51.40
17.10
42,729.90
27,346.40
124.40
27,470.80

Gross profit
Employees remuneration and benefi ts
Generation, administration & other expenses

12,978.50
1,200.70
1,600.60

15,380.10
1,953.30
1,684.20

15,259.10
2,532.50
1,974.90

OPERATING EXPENSES
EBITDA
Depreciation
EBIT
Interest and finance charges
EBT/profit before tax and prior period adjestment
Prior Period income/expenditure (net)
Profit before tax
Other income
EBT(including other income)
Provisions
Provision for :
Current tax
Earlier years
Fringe Benefi t tax
Current tax
Earlier years
Deferred tax
Current tax
Earlier years
Less: Deferred tax recoverable
Current/Fringe Benefi t Tax transferred to expenditure
during construction/Development of coal mines

2,801.30
10,177.20
2,099.80
8,077.40
1,887.30
6,190.10
10.90
6,201.00
2,772.00
8,973.00
11.60

3,637.50
11,742.60
2,206.00
9,536.60
1,858.10
7,678.50
(274.80)
7,403.70
2,954.70
10,358.40
7.40

4,507.40
10,751.70
2,494.90
8,256.80
2,116.70
6,140.10
109.50
6,249.60
3,306.60
9,556.20
29.90

1,697.20
355.00

2,504.20
368.00

2,589.60
(1,395.30)

16.30
(3.90)
(1.50)
2,063.10
6,921.50
102.50
127.20

22.60
(4.50)
0.10
(9.30)
2,881.10
7,484.70
136.70
175.00

21.90
0.00
(452.00)
452.10
(1.50)
1,214.80
8,371.30
-

Profit after tax

Balance brought forward
Write back from Bond Redemption Reserve

Balance available for appropriation

Appropriations
Transfer to Bonds Redemption Reserve
Transfer to Capital Reserve
Transfer to General Reserve
Dividend
Interim
Final-Proposed
Tax on Dividend
Interim
Final-Proposed
Balance carried to Balance Sheet
Key Figures
Gross Profit
EBITDA
Operating Profit (EBIT)
PBT
Net Income
Margins
Gross Profit
EBITDA
Operating Profit (EBIT)
PBT
Net Income
Purchases
Assumptions
Sales (Growth - YoY)
Fule (as a % of Sales)
Electricity purchased (as a % of sales)
Cost of material and services (as a % of sales)
Overheads
Employee Cost (as a % of sales)
generation and electricity (as a % of sales)
Other income (Growth - YoY)
Other income (as a % of sales)
Effective Tax Rate (tax /EBT)
Dividend Payout Ratio
Divident Tax Rate
Minority Interest as % of PAT

7,151.20

7,796.40

8,371.30

348.70
0.40
3,603.90

382.20
3,926.70

1,981.70
664.90

2,228.30
665.60

278.40
113.30
159.90

378.80
114.10
100.70

8,371.30

12,937.90 15,332.80 15,190.60

10,136.60 11,695.30 10,683.20
8,077.40 9,536.60 8,256.80
6,201.00 7,403.70 6,249.60
6,921.50 7,484.70 8,371.30

38.23%
29.96%
23.87%
18.32%
20.45%

39.69%
30.27%
24.68%
19.16%
19.37%

35.61%
25.04%
19.35%
14.65%
19.62%

58.57%
2.91%
0.28%

14.17%
57.51%
2.45%
0.35%

10.42%
64.10%

3.54%
4.73%

5.05%
4.36%

5.93%
4.63%

8.19%
22.99%

0.29%

0.0659091 0.1190984
7.65%
7.75%
27.81%
12.71%

2010
48,530.74
(274.29)
48,256.45
55.14
12.79
48,324.38
30,187.66
1.21
182.36
30,371.23

2011
57,731.93
(313.47)
57,418.46
64.71
7.84
57,491.01
36,414.35
7.90
247.14
36,669.39

2012

2013

2014

2015

2016

2017

17,953.15
2,523.09
2,334.81

20,821.62 24,946.54 29,686.38 35,326.80

2,922.26 3,416.40 4,065.51 4,837.96
2,921.00 3,416.40 4,065.51 4,837.96

42,038.89
5,757.17
5,757.17

50,026.28
6,851.04
6,851.04

59,531.27
8,152.73
8,152.73

4,857.90
13,095.25
2,894.38
10,200.87
2,078.78
8,122.09
59.59
8,181.68
2,879.18
11,060.86
12.35

5,843.26
14,978.36
2,719.69
12,258.67
2,492.87
9,765.80
1,662.13
11,427.93
2,517.17
13,945.10
1,552.77

6,832.80 8,131.03 9,675.92

18,113.74 21,555.36 25,650.87

11,514.35
30,524.54

13,702.08
36,324.20

16,305.47
43,225.80

18,113.74 21,555.36 25,650.87

30,524.54

36,324.20

43,225.80

18,113.74 21,555.36 25,650.87

30,524.54

36,324.20

43,225.80

18,113.74 21,555.36 25,650.87

2,733.12 3,252.41 3,870.37
20,846.86 24,807.77 29,521.24

30,524.54
4,605.74
35,130.28

36,324.20
5,480.83
41,805.03

43,225.80
6,522.19
49,747.99

2,504.48
(525.40)

2,546.14
56.02

0.00
2.70
229.63
0.05
2,211.46
8,861.75
(77.26)
200.00

0.00
0.00
181.49
260.45
3,044.10 4,377.84 5,209.63 6,199.46
12,453.77 16,469.02 19,598.14 23,321.78
3.35
250.00

7,377.36
27,752.92

8,779.06
33,025.97

10,447.08
39,300.91

68,327.97 81,310.28 96,759.23 115,143.49 137,020.75 163,054.70

68,327.97 81,310.28 96,759.23 115,143.49 137,020.75 163,054.70

43,046.62 51,225.48 60,958.32 72,540.40 86,323.07 102,724.46
6.83
8.13
9.68
11.51
13.70
16.31
327.97
390.29
464.44
552.69
657.70
782.66
43,381.43 51,623.90 61,432.44 73,104.60 86,994.48 103,523.43

8,984.49

12,707.12

497.78
4.97
4,772.70

494.94
6.87
5,216.14

2,473.63
675.53

2,473.63
662.18

420.40
112.03
27.45

410.84
107.65
3,334.87

17,885.22
13,027.32
10,200.87
8,181.68
8,861.75

20,749.07
14,905.81
12,258.67
11,427.93
12,453.77

37.06%
27.00%
21.14%
16.95%
18.36%

36.14%
25.96%
21.35%
19.90%
21.69%

13.12%
62.56%
0.00%
0.38%

18.99%
63.42%
0.01%
0.43%

19%
63.00%
0.01%
0.48%

19%
63.00%
0.01%
0.48%

19%
63.00%
0.01%
0.48%

19%
63.00%
0.01%
0.48%

19%
63.00%
0.01%
0.48%

19%
63.00%
0.01%
0.48%

5.22%
4.84%

5.08%
5.09%

5%
5%

5%
5%

5%
5%

5%
5%

5%
5%

5%
5%

-0.12926269 -0.125734
5.97%
4.38%
19.99%
21.83%

4%
21%

4%
21%

4%
21%

4%
21%

4%
21%

4%
21%

common size statement

2007
2008

100.00%
58.50%
2.91%
0.28%
61.69%
38.31%
3.54%
4.72%
0.00%
8.27%
30.04%
6.20%
23.84%
5.57%
18.27%
0.03%
18.30%
8.18%
26.48%
0.03%
0.00%
5.01%
1.05%
0.00%
0.05%
#VALUE!
-0.01%
#VALUE!
#VALUE!
#VALUE!
0.00%
#VALUE!
6.09%
20.43%
0.30%
0.38%

2009

2010

2011

100.00% 100.00%
57.44%
64.00%
2.45% #VALUE!
0.35%
0.29%
60.24%
64.29%

100.00%
62.47%
0.00%
0.38%
62.85%

100.00%
63.34%
0.01%
0.43%
63.78%

37.15%
5.22%
4.83%
0.00%
10.05%
27.10%
5.99%
21.11%
4.30%
16.81%
0.12%
16.93%
5.96%
22.89%
0.03%
0.00%
5.18%
-1.09%
0.00%
0.00%
0.01%
#VALUE!
0.48%
#VALUE!
#VALUE!
0.00%
#VALUE!
4.58%
18.34%
-0.16%
0.41%

36.22%
5.08%
5.08%
0.00%
10.16%
26.05%
4.73%
21.32%
4.34%
16.99%
2.89%
19.88%
4.38%
24.26%
2.70%
0.00%
4.43%
0.10%
0.00%
0.00%
0.00%
#VALUE!
0.32%
0.45%
#VALUE!
#VALUE!
#VALUE!
5.29%
21.66%
0.01%
0.43%

39.76%
5.05%
4.35%
0.00%
9.40%
30.36%
5.70%
24.65%
4.80%
19.85%
-0.71%
19.14%
7.64%
26.78%
0.02%
0.00%
6.47%
0.95%
0.00%
0.06%
-0.01%
0.00%
#VALUE!
#VALUE!
#VALUE!
-0.02%
#VALUE!
7.45%
19.35%
0.35%
0.45%

35.71%
5.93%
4.62%
0.00%
10.55%
25.16%
5.84%
19.32%
4.95%
14.37%
0.26%
14.63%
7.74%
22.36%
0.07%
0.00%
6.06%
-3.27%
0.00%
0.05%
0.00%
-1.06%
#VALUE!
#VALUE!
1.06%
0.00%
#VALUE!
2.84%
19.59%
#VALUE!
#VALUE!

21.11%
20.15%
0.00%
0.00%
1.03%
0.99%
0.00% #VALUE!
10.64%
10.15%
0.00%
0.00%
5.85%
5.76%
1.96%
1.72%
0.00%
0.00%
0.82%
0.98%
0.33%
0.29%
0.47%
0.26%

19.59%
0.00%
#VALUE!
#VALUE!
#VALUE!
0.00%
#VALUE!
#VALUE!
0.00%
#VALUE!
#VALUE!
19.59%

18.59%
0.00%
1.03%
0.01%
9.88%
0.00%
5.12%
1.40%
0.00%
0.87%
0.23%
0.06%

22.10%
0.00%
0.86%
0.01%
9.07%
0.00%
4.30%
1.15%
0.00%
0.71%
0.19%
5.80%

#REF!
12000

10000

8000

6000

4000

2000

0
2007

2008

2009

#REF!

#REF!

2009

2010

2011

CASH FLOW STATEMENT

A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax and Prior Period Adjustments
Adjustment for:
Depreciation
Provisions
Deferred revenue on account of Advance Against Depreciation
Interest charges
Guarantee Fee & other Finance charges
Interest/Income on Bonds/Investment
Prior Period Adjustments (Net)
Dividend Income
Provisions Written Back
Deferred income from foreign currency fluctuation
Others (Bonds issue and Servicing Expenses)
Deferred foreign currency fluctuation assets/liabilities
Prior period depriciation/amortisation
Deffered revenue expenditure written off
Loss on maturity of current investment
Exchange rate variation on long term borrowings
Waiver of interest
Operating Profit before Working Capital Changes
Adjustment for:
Trade and Other Receivables
Inventories
Trade Payables and Other Liabilities
Loans and Advances
Other Current Assets
Cash generated from operations
Direct Taxes Paid
Net Cash from Operating Activities - A
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
Investment in Goodwill
Purchase of Investments
Sale of Investment
Interest/Income on Bonds/Investment Received
Income Tax on Interest/Income on Bonds/Investment
Dividend Received
Net cash used in Investing Activities - B
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Long Term Borrowings
Repayment of Long Term Borrowings
Securities premium on issue of share capital
Grant Received
Interest Paid
Guarantee Fee & other Finance charges Paid
Dividend Paid

Tax on Dividend
Others ( Equity /Bonds issue & Servicing Expenses)
Net Cash flow from Financing Activities - C
Net Increase/Decrease in Cash and Cash equivalents (A+B+C)
Cash and cash equivalents(Opening balance) *
Cash and cash equivalents(Closing balance) *
Notes : Cash and Cash Equivalents consists of Cash in Hand and balance with Banks.
NTPC Limited Consolidated Financial Statements

2007

2008

2009

2010

2011

89505.00

106258.00

94168.00

109895.00

107302.00

20998.00
116.00
2159.00
15406.00
528.00
15070.00
109.00
109.00
41.00
21.00
3.00
695.00
640.00
113570.00
137635.00

22060.00
74.00
7167.00
18792.00
390.00
12578.00
2748.00
73.00
64.00
12.00
2554.00
1123.00
142967.00
179676.00

24949.00
299.00
5626.00
27292.00
360.00
11330.00
1095.00
60.00
171.00
6470.00
64.00
11743.00
134829.00
175490.00

28944.00
123.00
3252.00
29779.00
639.00
10080.00
596.00
68.00
128.00
6400.00
26.00
6148.00
156222.00
202549.00

4079.00
1206.00
7835.00
4998.00
2131.00

17924.00
510.00
6593.00
5398.00
317.00

6473.00
5298.00
22031.00
15634.00
1375.00

32632.00
424.00
1735.00
21778.00
542.00

25928.00

21962.00

25663.00

27986.00

27196.90
15527.70
8187.90
38046.60
620.90
8529.30
16621.30
211.30
78.40
904.60
25.30
582.80
11707.20
176948.40
246594.80
2522.00
14809.30
6898.60
2737.50
151090.60
30341.60
120749.00
30341.60
137358.40

84686.00

99442.00

113444.00

140093.00

23598.00
57142.00
16912.00
47.00
109.00

4385.00
21322.00
13645.00
1593.00
73.00

0.00
17500.00
12053.00
59.00
60.00

105208.00
104396.00
10792.00
26.00
68.00

63027.00
16140.00
588.00
975.00
15081.00
528.00
26500.00

56531.00
22397.00
840.00
18386.00
390.00
28932.00

85185.00
22944.00
614.00
420.00
26451.00
358.00
29743.00

91757.00
27514.00
1765.00
29769.00
632.00
31386.00

158481.70
192680.70
9231.20
211.30
93716.90
113708.20
51084.40
3275.00
37456.20
0.00
31491.60
5230.80
25.30

2012

3721.00
21.00

4921.00
12.00

5058.00
64.00

5334.00
26.00

8305.10
18727.00

86075.00
136981.00

136981.00
153605.00

153605.00
172505.00

172505.00
160530.00

16053.01
17859.83

2013

2014

2015

2016

BACK

24,065
113,570

-4,579
108,991
83,063
-

-34,168

2,011
50,906

40661

134829
36,709
142,967

-6749
128080
-16,922
126,045

102417

104,083

-83890
-70,380

373
18900
-17,079
16,624

-1,170.72
1,552.77
-818.79
-58.28
90.46
3,804.66
62.09
-852.93
1,662.13
-21.13
-7.84
46327
2.53

156222

6,964.64
17,694.84
-2,850.90
-252.2
1,480.93
-689.86
-9001
-273.75
147221 -2,585.78
15,109.06
119235
12,074.90
########
########
19,268.07
923.12
-130071
21.13
-9,371.69
11,370.82
-5,108.44
327.5
-3,745.62
-65.88
-3,149.16
-523.08
-2.53
-1139
-11975

-896.39
1,806.82
16,053.01
17,859.83

RATIO ANALYSIS

2007

2008

2009

2010

2011

38.31%
30.04%
20.43%

39.76%
30.36%
19.35%

35.71%
25.16%
19.59%

37.15%
27.10%
18.34%

36.22%
26.05%
21.66%

30.04%
4.03%
76.63%
172.71%
77.14%
1.24%

30.36%
4.13%
80.52%
176.97%
72.26%
1.29%

25.16%
3.85%
74.36%
193.40%
87.60%
1.22%

27.10%
3.97%
79.62%
194.55%
80.12%
1.33%

26.05%
4.21%
79.66%
199.72%
89.31%
1.56%

Activity ratio
Fixed assets turnover
Total assets turnover
Working capital turnover
Receivables turnover
Inventory turnover
Payables turnover
Average receivables collection period
Average inventory processing period
Average payment period
Liquidity Ratio
Current Ratio
Quick Ratio
Cash ratio
Defebsive interval ratio
Solvency Ratio
Debts to assets Ratio
Debt to capital ratio
Debt to equity ratio
Financial average Ratio
Coverage Ratio
Interest Coverage
Fixed charge coverage
ROE DuPont Analysis
Net Profit Margin
Asset Turnover
Financial Leverage
ROE
ROE Extended DuPont Analysis
Operating profit margin
Asset turnover
Interest expense rate
Financial leverage
Tax retention rate
ROE

Profitability Ratio
Gross profit margin
Operating Profit Margin
Pretax Margin
Net profit Margin
Rreturn on investment
Operating ROA

Return on Total capital

ROE
Return on Common Equity
Valuation
P/E
P/B
P/S
P/CF

Payables turnover
1

0.8

0.8

0.6

0.6
Payables turnover

0.4

0.4

0.2

0.2

0
1

Gross Profit Margin

35.00%
30.00%
25.00%
20.00%
Gross Profit Margin

15.00%
10.00%
5.00%
0.00%
1

Payables turnover

0
6

Solvency Ratios
Current ratio
Quick ratio

#REF!

#REF!

#REF!

#REF!

#REF!

Cash ratio

#REF!

#REF!

#REF!

21.58%
#REF!
2.69%

23.65%
29.54%
#REF!
#REF!
2.49% #VALUE!

#REF!

#REF!

27.06%
#REF!
2.77%

28.06%
#REF!
2.38%

29.54%

27.06%

Receivables turnover
Inventory turnover
Payables turnover
Average receivables collection period
Average inventory processing period
Average payment period
Operating Profitability
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on total capital
Return on total equity
Return on owner's equity

1 Gross Profit Margin

21.58%

23.65%

28.06%

Equity turnover

Equity turnover

Equity turnover
3

Operating Efficiency
Total asset turnover
Net fixed asset turnover

Equity turnover
cash turnover ratio
inventory turnover ratio
debtor turnover ratio

Operating profit margin

Interest expense rate

4.00%

5.00%

4 YEAR 4

5.00%

Operating profit
Assetmargin
turnover
YEAR 1

YEAR 2
YEAR 3
YEAR 4
YEAR 5

1.00%
3.00%
4.00%
5.00%
6.00%

8.00%

4.00%

Interest expense rate

5.00%
6.00%
7.00%
8.00%
9.00%

2.00%
3.00%
4.00%
4.00%
3.00%

5.00%
Financial leverage

3.00%
4.00%
3.00%
5.00%
6.00%

6.00%
4.00%
3.00%
4.00%
5.00%

ROE
0.00%

Tax retention rate

50.00%

4.00%

20.00%

Tax retention
ROE
rate

50.00% 0.000000009
40.00%
3.456E-08
30.00%
3.024E-08
20.00% 0.000000064
30.00%
1.458E-07

Asset turnover
8.00%

0.00%

Financial leverage
4.00%

2003
100
20
80

sales
cog
g.p

2004
150
30
120

2005
300
40
260

year
g.p

2003
80

2004
120

g.p
300
250
200
150

g.p

100
50

2005
260

0
2003

2004

2005

g.p

date
1 2-Jan-12
1 3-Jan-12
2 2-Feb-12
2 3-Feb-12
3 2-Mar-12
3 3-Mar-12

1
2
3
4
5
6

2-Feb-12
3-Feb-12

closing price

54
45

1
DATE
CLOSE PRICE
2-Jan-12
12
3-Jan-12
23
2-Feb-12
54
3-Feb-12
45
2-Mar-12
34
3-Mar-12
67

jan
12 feb
23 mar
54
45
34
67

3
2-Jan-12
3-Jan-12
2-Feb-12
#N/A
#N/A
#N/A
#N/A

12
23
54
#N/A
#N/A
#N/A
#N/A

23

54
0-Jan-00