RATIOS - FORMULA SHEET - FINANCIAL MANAGEMENT

(A) (B)
PROFITABILITY RATIOS ASSET MANAGEMENT/ACTIVITY RATIOS
(in relation to sales)
Profit after Tax (524 844 033)
NET PROFIT RATIO/ = DEBTORS TURNOVER =
PROFIT MARGIN Sales (16 682 951 936)
0.031459902
Gross Profit (17 781 390 276) DAYS SALES OUTSTANDING/
GROSS PROFIT RATIO = COLLECTION PERIOD =
1.065841652 Sales (16 682 951 936) (days)
Operating Profit* (722 497 576)
OPERATING PROFIT = CREDITORS TURNOVER =
RATIO Sales (16 682 951 936)
0.043307538
(in relation to investment)
Profit after Tax (524 844 033)
RETURN ON EQUITY = PAYMENTS PERIOD =
(ROE) Common Equity** (1 715 965 265) (days)
0.305859357
Operating Profit* (722 497 576) Cost of Sales (12 538 071 773)
RETURN ON CAPITAL = INVENTORY TURNOVER =
EMPLOYED (ROCE) Capital Employed*** 7.376570594
Profit after Tax
RETURN ON TOTAL = STOCK PERIOD (days) =
ASSETS (ROA) Average Total Assets
Operating Profit*
BASIC EARNING POWER = TOTAL ASSET TURNOVER =
(BEP) Average Total Assets
(C)
SHAREHOLDER'S FUNDS/MARKET VALUE RATIOS
Dividends per share
DIVIDEND YIELD =
Market Price per share
Profit after Tax - Pref. Div. Notes
EARNINGS PER SHARE =
# of Ord. shares in issue * Operating Profit = Profit before Interest and Taxes
** Common Equity = Ordinary Shares + All Reserves
Profit after Tax - Pref. Div.
DIVIDEND COVER =
Ordinary dividends
Market price per share
PRICE EARNINGS RATIO =
Earnings per share
or Total Assets - Short-Term Debt
or Fixed Assets + Working Capital
Market price per share
MARKET TO BOOK = **** Book Value per share =
VALUE RATIO Book value per share****
or Total Assets - Total Debt
***Capital Employed=Common Equity+Long-Term Debt
Note - Long-Term Debt includes Preference Shares
because they belong to "outside'' owners who are given
preference (to ordinary shareholders) along with debt
holders when a company is liquidated.
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RATIOS - FORMULA SHEET - FINANCIAL MANAGEMENT
(D)
DEBT RATIOS
TIMES-INTEREST-EARNED/
INTEREST COVER =
EBITDA
Coverage Ratio =
CASH FLOW INTEREST =
COVERAGE
OPERATING CASH FLOW
TO SALES
OPERATING CASH FLOW
TO NET PROFIT
GEARING RATIO =
DEBT RATIO/ =
DEBT TO ASSET RATIO
DEBT TO EQUITY =
(E)
LIQUIDITY RATIOS
2 725 432 515
Current Assets
CURRENT RATIO = QUICK RATIO =
0.764105995 Current Liabilities
3 566 825 197
Net Cash Flow from Operating Activities
OPERATING CASH FLOW TO CURRENT LIABILITIES =
Average Current Liabilities
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RATIOS - FORMULA SHEET - FINANCIAL MANAGEMENT
(B)
ASSET MANAGEMENT/ACTIVITY RATIOS
Credit Sales
Average Debtors
Average Debtors X 360
Credit Sales
Credit Purchases
Average Creditors
Average Creditors X 360
Credit Purchases
Cost of Sales (12 538 071 773)
Average Inventory
1 699 715 554
Average Stock X 360
Cost of Sales
Sales (16 682 951 936)
Average Total Assets
* Operating Profit = Profit before Interest and Taxes
** Common Equity = Ordinary Shares + All Reserves
or Total Assets - Short-Term Debt
or Fixed Assets + Working Capital
Common Equity
# of Ord. shares in issue
or Total Assets - Total Debt
***Capital Employed=Common Equity+Long-Term Debt
Note - Long-Term Debt includes Preference Shares
because they belong to "outside'' owners who are given
preference (to ordinary shareholders) along with debt
holders when a company is liquidated.
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RATIOS - FORMULA SHEET - FINANCIAL MANAGEMENT
(D)
DEBT RATIOS
Operating Profit
Interest chagres
Operating profit +
Depreciation +
Lease payments
Interest + principal
pmts + lease pmts
Net Cash Flow from
Operating Activities +
Interest Paid+Taxes Paid
Interest Paid
Net Cash Flow from
Operating Activities
Sales (16 682 951 936)
Net Cash Flow from
Operating Activities
Profit after Tax
Long-Term Debt
Capital Employed***
Total Debt
Total Assets
Total Debt
Common Equity
Current Assets - Stock
Current Liabilities
Net Cash Flow from Operating Activities
Average Current Liabilities
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