SAMPOERNA

RATIOS
2012

2011

1.7758
0.4588
0.0659
0.7758

1.7747
0.7096
0.2474
0.7747

7.4174
4.2519
48.5346
15.6428
2.5384

7.4436
5.9301
48.3635
13.1348
2.7345

Financial Leverage ratios

Total Debt Ratio (TD/TA)
Debt/Equity
Equity Ratio (TE/TA)
Long-term Debt Ratio (LTD/TA)
Times Interest Earned Ratio (EBIT/TI)

0.4930
0.9722
0.5070
0.0326
0.0000

0.4670
0.8762
0.5330
0.0288
0.0000

Profitability ratios
Gross Profit Margin
Net Profit Margin
ROA (NI/TA)
ROE (NI/TE)

0.2778
0.1472
0.3736
0.7368

0.2875
0.1523
0.4165
0.7815

Short term solvency ratios

Current Ratio
Quick Ratio
Cash Ratio
Net Working Capital to Current Liabilities
Asset Utilization or Turnover ratios
Average Collection Period
Inventory Turnover Ratios
Receivable Turnover
Fixed Asset Turnover
Total Asset Turnover

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

FINANCIAL STATEMENTS

Balance Sheet
Three Years Ended December 25, 2010
(In Millions, Except Par Value)
Assets
Current Assets:
Cash and cash equivalents
Short-term investments
Trading assets
Accounts receivable, net of allowance for doubtful accounts
($28 in 2010, $19 in 2009, and $17 in 2008)
Inventories
Deferred tax assets
Other current assets
Total current assets
Property, plant and equipment, net
Marketable equity securities
Other long-term investments
Goodwill
Other long-term assets
Total assets
Liabilities and stockholders' equity
Current Liabilities
Short-term debt
Accounts payable
Accrued compensation and benefits
Share based payment liabilities
Accruals
Other accrued liabilities
Income tax payable
Total current liabilities
Long-term income taxes payable
Long-term debt
Long-term deferred tax liabilities
Other long-term liabilities
Total Liabilities
Stockholders' equity:
Preferred stock,
Share Capital, $0.001 par value, 10,000 shares authorized; 5,581
issued and 5,511 outstanding (5,523 issued and outstanding in 2009)
(5,562 issued and outstanding in 2008)and capital in excess of par
value
Translation adjustment
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity

2012

2011

783,505

2,070,123

35,484
1,372,754

29,564
1,092,906

15,669,906
599,090
2,667,574
21,128,313
4,259,217
165,788

8,913,348
511,105
2,234,414
14,851,460
4,024,184
22,177

60,423
633,786
26,247,527

60,423
371,514
19,329,758

2,306,203
2,428,111
30,388

1,938,105
25,977

443,485
25,588
6,664,202
11,897,977

438,276
30,161
5,935,889
8,368,408

854,970
5,091
181,069
12,939,107

556,869
5,549
96,262
9,027,088

575,237
617,596
12,115,587
13,308,420
26,247,527

581,258
586,679
9,134,733
10,302,670
19,329,758

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Income Statement
Three Years Ended December 25, 2010
(In Millions, Except Per Share Data)
Net revenue
Cost of sales
Gross margin
Marketing
General and administrative
Other operation
Other income
Operating expenses
Operating income
Gains (losses) on equity method investments, net
Gains (losses) on other equity investments, net
Interest and other, net
Income before taxes
Provision for taxes
Net income

2012
66,626,123
48,118,835
18,507,288
4,183,635
973,203
149,207
(182,014)
5,124,031
13,383,257

2011
52,856,708
37,661,205
15,195,503
3,562,619
1,015,497
225,478
(519,173)
4,284,421
10,911,082

(139,875)

(13,369)

13,243,382
3,437,961
9,805,421

10,897,713
2,846,656
8,051,057

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Gudang Garam
RATIOS

2012

2011

2.17
0.24
0.09
1.17

2.24
0.17
0.08
1.24

Asset Utilization or Turnover ratios

Average Collection Period
Inventory Turnover Ratios
Receivable Turnover
Fixed Asset Turnover
Total Asset Turnover

10.15
1.84
35.46
4.72
1.18

7.94
1.49
45.35
5.11
1.07

Financial Leverage ratios

Total Debt Ratio (TD/TA)
Debt/Equity
Equity Ratio (TE/TA)
Long-term Debt Ratio (LTD/TA)
Times Interest Earned Ratio (EBIT/TI)

0.36
0.56
0.64
0.02
(11.17)

0.37
0.59
0.63
0.02
(26.15)

0.19
0.08
0.10
0.15

0.24
0.12
0.13
0.20

16.20

16.20

Short term solvency ratios

Current Ratio
Quick Ratio
Cash Ratio
Net Working Capital to Current Liabilities

Profitability ratios
Gross Profit Margin
Net Profit Margin
ROA (NI/TA)
ROE (NI/TE)
Market value ratios
Price/Earnings Ratio

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

FINANCIAL STATEMENTS

Balance Sheet
Three Years Ended December 25, 2010
(In Millions, Except Par Value)
Assets
Current Assets:
Cash and cash equivalents
Short-term investments
Trading assets
Accounts receivable, net
other current asset
Inventories
Deferred tax assets
Prepaid Expenses and Other current assets
Total current assets
Property, plant and equipment, net
Acquisition related to intangible assets, net
Goodwill
Other long-term assets
Total assets
Liabilities and stockholders' equity
Current Liabilities
Short-term debt
Accounts payable
Accrued liabilities
Other Short-Term Obligations
Deferred income
Other current liabilities
Income tax payable
Total current liabilities
Long-term income taxes payable
Long-term debt
Long-term deferred tax liabilities
Other long-term liabilities
Total Liabilities
Stockholders' equity:
Treasury Stock, at cost

2012

2011

1,285,799

1,094,895

1,382,539
308,499
26,649,777
186,623
140,784
29,954,021
10,389,326

923,522
100,653
28,020,017
141,185
101,482
30,381,754
8,189,881

1,165,978
41,509,325

517,070
39,088,705

8,164,350
457,633
100,987
283,435

6,163,978
1,515,811
83,592
216,353

4,795,912
13,802,317

5,554,585
13,534,319

881,200
220,095

759,206
244,252

14,903,612

14,537,777

Common stock, par value $0.01; 1,500 shares authorized on December

25, 2010 and December 26, 2009; shares issued: 691on December 25,
2010 and 679 on December 26, 2009; shares outstanding: 683 on
December 25, 2010 and 671 on December 26, 2009.
962,044
Additional paid in capital
53,700
Accumulated other comprehensive income (loss)
(13,109)
Retained earnings
25,603,078
Total stockholders' equity
26,605,713
Total liabilities and stockholders' equity
41,509,325

962,044
53,700
23,535,184
24,550,928
39,088,705

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Income Statement
Three Years Ended December 25, 2010
(In Millions, Except Per Share Data)
Net revenue
Cost of sales
Gross margin
Marketing
General and administrative
Other operation
Other income
Operating expenses
Operating income
Interest Income
Interest Expense
Interest and other, net
Income before taxes
Provision for taxes
Equity in net loss of investee
Net income

2012
49,028,696
39,843,974
9,184,722
3,177,516
54,824
(73,299)
3,159,041
6,025,681

2011
41,884,352
31,754,984
10,129,368
3,290,726
16,991
(46,322)
3,261,395
6,867,973

495,035

253,002

5,530,646
1,461,935

6,614,971
1,656,869

4,068,711

4,958,102

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

Intel Corporation Ratios Financial Statements

Cynthia Kenyon and Michael DavisFIN 135, September 23, 2011

DuPont Analysis 2011

Income
Statement

Balance
Sheet

Sales
52,856,708.00
Cost of Goods Sold
37,661,205.00
Operating Expenses
4,284,421.00
Other Inc./Exp.
(13,369.00)
Taxes
2,846,656.00

Current Assets
14,851,460.00
Net Fixed Assets
4,478,298.00
Current Liabilities
8,368,408.00
Long-term Debt
658,680.00

Net Income
8,051,057.00

Sales
52,856,708.00

Sales
52,856,708.00

Total Assets
19,329,758.00

Total Liabilities
9,027,088.00

Stockholders Equity
10,302,670.00

SAMPOERNA

ont Analysis 2011

Net Profit Margin

SMPN
15.23%
GGRM
11.84%

Return on Assets
(ROA)
SMPN
41.65%

T.A. Turnover

GGRM

SMPN

12.68%

273.45%
GGRM
107.15%

Return on Equity
(ROE)
SMPN
78.15%

Total Liab. & Equity

GGRM

SMPN

20.20%

19,329,758.00
GGRM
39,088,705.00

Financial Leverage
Mult. (FLM)
SMPN
1.88

Stockholders Equity

GGRM

SMPN

1.59

10,302,670.00
GGRM
24,550,928.00

COMMENTARY

DuPont Analysis 2012

Income
Statement

Balance
Sheet

Sales
66,626,123.00
Cost of Goods Sold
48,118,835.00
Operating Expenses
5,124,031.00
Other Inc./Exp.
(139,875.00)
Taxes
3,437,961.00

Current Assets
21,128,313.00
Net Fixed Assets
5,119,214.00
Current Liabilities
11,897,977.00
Long-term Debt
1,041,130.00

Net Income
9,805,421.00

Sales
66,626,123.00

Sales
66,626,123.00

Total Assets
26,247,527.00

Total Liabilities
12,939,107.00

Stockholders Equity
13,308,420.00

SAMPOERNA

ont Analysis 2012

Net Profit Margin

SMPN
14.72%
GGRM
8.30%

Return on Assets
(ROA)
SMPN
37.36%

T.A. Turnover

GGRM

SMPN

9.80%

253.84%
GGRM
118.11%

Return on Equity
(ROE)
SMPN
73.68%

Total Liab. & Equity

GGRM

SMPN

15.29%

26,247,527.00
GGRM
41,509,325.00

Financial Leverage
Mult. (FLM)
SMPN
1.97

Stockholders Equity

GGRM

SMPN

1.56

13,308,420.00
GGRM
26,605,713.00

COMMENTARY

DuPont An
SAMPOERNA
Three-Step DuPont Model:
Net Profit Margin (Net Income Sales)
Asset Turnover (Sales Average Assets)
Equity Multiplier (Average Assets Average Equity)
Return on Equity
Five-Step DuPont Model:
Pre-Interest Pretax Margin (EBIT Sales)
Asset Turnover (Sales Average Assets)
Interest Burden [(EBIT - Interest Expense) EBIT]
Tax Efficiency [1 - (Tax Expense (EBIT - Interest Expense))]
Equity Multiplier (Average Assets Average Equity)
Return on Equity

DuPont Analysis Summary

2011

2012

2012

2011

15.23%
273.45%
1.88
78.15%

14.72%
253.84%
1.97
73.68%

8.30%
118.11%
1.56
15.29%

11.84%
107.15%
1.59
20.20%

20.64%
273.45%
1.00
0.74
1.88
78.15%

20.09%
253.84%
0.99
0.74
1.97
73.68%

12.29%
118.11%
0.92
0.74
1.56
15.29%

16.40%
107.15%
0.96
0.75
1.59
20.20%

mmary
GUDANG GARAM
Three-Step DuPont Model:
Net Profit Margin (Net Income Sales)
Asset Turnover (Sales Average Assets)
Equity Multiplier (Average Assets Average Equity)
Return on Equity
Five-Step DuPont Model:
Pre-Interest Pretax Margin (EBIT Sales)
Asset Turnover (Sales Average Assets)
Interest Burden [(EBIT - Interest Expense) EBIT]
Tax Efficiency [1 - (Tax Expense (EBIT - Interest Expense))]
Equity Multiplier (Average Assets Average Equity)
Return on Equity