Académique Documents
Professionnel Documents
Culture Documents
Current Liabilities
Operating Cycle: (A/R collection per.+Inv. conv ) #DIV/0! #DIV/0! #DIV/0! 212
Payment deferral period #DIV/0! #DIV/0! #DIV/0! 176
Cash conversion cycle: Operating cycle-pay.def #DIV/0! #DIV/0! #DIV/0! 36
0.60 0.50
0.45
0.50
0.40
0.40 0.35
0.30
0.30 0.25
0.20
0.20 0.15
0.10 0.10
0.05
0.00 0.00
1995 1996 2004 2005 2006 2007 2008 1995 1996 2004
2005
Net liquid balance 14074170
current asset 20174015
current liability 6099845
30000000
25000000
20000000
15000000
10000000
5000000
0
1
-5000000
2005 2006
comprehensive liquidity index 0.67762294 0.52659631786
modified current asset
inventories 144432993 115902771.401
loan to employees 1216169 863482
advances deposits and prepayments 37387499 33235676
trade debtors 1542739.68 1354039.05942
advance income tax 18085995 15165898
accurued interest on investment 426230 603455
receivables from BTB 912290 913152.698063
cash and bank balance 20174015 20589507
30000000
25000000
20000000
15000000
Row 68
10000000
5000000
0
1 2 3 4
-5000000
2007 2008
0.42857989375 0.486498696
112610358.505 111954180.9
741064 687904
32078608 45873178
41388373.6673 45927814.53
16348449 4894270
700792 976072
758457.028157 815287.4803
15358057 39662974
219984159.2 250791680.9
325530615 317742144
16990565 15695116
253343 253343
5862785 5856885
76782468 75687667
59936020 68895734
9590864 13032833
18339573 18339573
513286233 515503295
unts Recivable Turnover Inventory Turnover(Times)
3
2
Accounts Recivable Inve
Turnover Tur
1
0
150 200 250 300 350 1995 1996 2004 2005 2006 2007 2008
nover(Times)
Inventory
Turnover(Times)
2007 2008
Alltex Industries
Pre- IPO Po
1995 1996 2004
Current Assets:
1.Stocks inhand and in transit 129914350 129811449 436516099
2.Trade debtors 18025607 7939809 234982786
3.Share Issue expenses 2849821
4.Advances, deposits & receivable 60697477 98743276 188860155
5.Cash & bank balances 16692553 17217336 85209041
Total current assets 225329987 253711870 948417902
Current Liabilities
6.bank Overdraft-secured 890804321
7.Goods Supplied 19242425
8.Liabilities for expenses 24276680
9.Overdue installmnets of long term liabilities 28785630
10.Overdue installments of leasing expenses 1607280
11.other finance 751249
12.Long term loan cuurrent maturity
13.Lease liability current maturity
14.Other liabilities
15.Unclaimed dividend 1310815
16.Dividend distribution tax 4800000
Total Current Liabilities 92911532 68409685 971578400
17.Sales 275955640 288355528 2119877374
18.COGS 198971117 213601963 1828071623
Net working capital 115725902 168084849 -108369539
Total ASSET 422046997 450791595 1888632422
Total Share holders equity 181681671 235718451 738019123
Net Profit after tax 53388838 54036780 14369698
NO. of Shares outstanding 900000 2000000 4800000
ROA 12.65% 11.99% 0.76%
ROE 29.39% 22.92% 1.95%
EPS 59.32 27.02 2.99
Ratio Analysis:
Current ratio:(C A/C L) 2.43 3.71 0.98
Quick ratio:((CA-Cash)/CL) 2.25 3.46 0.89
Accounts Receivable turnover:(sales/AR) 15 36 9
A/R Collection Period:(360/AR turnover) 24 10 40
Inventory Turnover ratio:(COGS/Inv) 2 2 4
Inventory conversion period:(360/Inv.Turnover) 235 219 86
73 139 97 82
9 9 11 3
63 130 86 79
Quick ratio A/R Turnover time
00
2008
50
00 2007
50 2006
00 Quick 2005
ratio
50 2004
00
1996
50
1995
00
1995 1996 2004 2005 2006 2007 2008 0 5 10 15 20 25 30 35
/R Turnover times Inventory Turnover( Times)
6
0
5 20 25 30 35 40 1995 1996 2004 2005 2006 2007 2008
Times)
Inventory
Turnover( Times)
8
Apex spinning and knitting mills ltd.,Dhaka
Current Liabilities
6.Trade creditors 42173550 203165717 231150220
7.Sundry creditors 4719765 24438484 38050912
8.Working capital loan 25958539 8837239 41321950
9.Directors loan 2828155
10.term loan current maturity
11.Long term loan current maurity
12.Short term loan
Total Current Liabilities 75680009 236441440 310523082
13.Sales 98262557 1009893080 1427363785
14.Cogs 68795006 885983889 1274859754
Net working capital 23656990 -40804810 -52054553
Total ASSET 210337525 565507138 686319475
Total Share holders equity 63990168 249540397 284134701
Net Profit after tax 18834249 37575530 47194304
NO. of Shares outstanding 350000 840000 840000
ROA 8.95% 6.64% 6.88%
ROE 29.43% 15.06% 16.61%
EPS 53.81 44.73 56.18
Ratio Analysis:
Current ratio:(C A/C L) 1.31 1.02 1.00
Quick ratio:((CA-Cash)/CL) 1.31 0.83 0.83
Accounts Receivable turnover:(sales/AR) 2 9 12
A/R Collection Period:(360/AR turnover) 150 39 29
Inventory Turnover ratio:(COGS/Inv) 1 21 14
Inventory conversion period:(360/Inv.Turnover) 297 17 25
Current Ratio
1.40 1.40
1.20 1.20
Ratio
Ratio
1.00 1.00
Current Ratio
1.40 1.40
1.20 1.20
Ratio
Ratio
1.00 1.00
0.80 0.80
0.60 0.60
0.40 0.40
0.20 0.20
0.00 0.00
1993 2004 2005 2006 2007 2008 1993 2004
Post-IPO
2006 2007 2008
49503546 66406108
29447322
48661588
418693292 421183825 528794507
1924903564 1601979126 1718675403
1734680303 1401084522 1527219980
-61493213 -54495630 -51778826
779529808 852303813 979431940
316907104 350746360 400339127
47892403 48959256 66392767
840000 840000 840000
6.14% 5.74% 6.78%
15.11% 13.96% 16.58%
57.01 58.28 79.04
62 80 84
67 65 101
-5 16 -17
1.00 2007
Quick ratio Accounts Rece
1.40
2008
1.20
Ratio
1.00 2007
0.80 2006
0.60 2005
0.40
2004
0.20
1993
0.00
1993 2004 2005 2006 2007 2008 0 2 4 6
Accounts Receivable Turnover Inventory Turnover rati
25
20
Accounts Receivable Turnover Inventory Turnover rati
25
20
15
10
0
2 4 6 8 10 12 14 1993 2004 2005 2006 2007 2008
ory Turnover ratio
ory Turnover ratio
Current Liabilities
6.Trade Creditors 6266575 11078730 23579528 35973476
7.deferred liability
8.WPFF 852878 2909567 3227857
9.current portion of long term loan 45962000 69157173
10.Short term loan from bank 38307659 50021403 175982835 432938807
11.Liabilities for expenses 6871640 6824090 11101952 19090210
12.Provision for tax 566957 1321834
Total Current Liabilities 51445874 68777101 260102839 561709357
13.Sales 108469310 130886220 288301610 397645482
14.Cost of goods sold 73394125 85255819 217746129 319501550
Net working capital 3460471 22179813 -104071290 -262968074
Total ASSET 266900321 293368864 511092544 813156743
Total Share holders equity 42159582 47057574 102006619 99534279
Net Profit after tax 8511707 6263505 12033735 5447659
NO. of Shares outstanding 3000000 3000000 6000000 6000000
ROA 3.19% 2.14% 2.35% 0.67%
ROE 20.19% 13.31% 11.80% 5.47%
EPS 2.84 2.09 2.01 0.91
Ratio Analysis:
Current ratio:(C A/C L) 1.12 1.33 0.64 0.55
Quick ratio:((CA-Cash)/CL) 1.07 1.32 0.60 0.53
Accounts Receivable turnover:(sales/AR) 168 861 7 7
A/R Collection Period:(360/AR turnover) 2 0 49 51
Inventory Turnover ratio:(COGS/Inv) 1 1 3 2
Inventory conversion period:(360/Inv.Turnover) 246 330 120 229
Operating Cycle: (A/R collection per.+Inv. conv ) 249 331 169 280
Payment deferral period:((6+11)/14)*360 64 76 57 62
Cash conversion cycle: Operating cycle-pay.def 184 255 112 218
Current Ratio
1.40 1.40
1.20 1.20
Ratio
Ratio
1.00 1.00
Current Ratio
1.40 1.40
1.20 1.20
Ratio
Ratio
1.00 1.00
0.80 0.80
0.60 0.60
0.40 0.40
0.20 0.20
0.00 0.00
2000 2001 2004 2005 2006 2007 2008 2000
Post-IPO
2006 2007 2008
2007
1.00
Quick Ratio A/ R Turn
1.40 2008
1.20
Ratio
2007
1.00
2006
0.80
2005
0.60
2004
0.40
2001
0.20
2000
0.00
2000 2001 2004 2005 2006 2007 2008 0 100 200 300 400 50
A/ R Turnover Inventory Turnover ratio
Axis Title
5
5
4
4
A/ R Turnover Inventory Turnover ratio
Axis Title
5
5
4
4
3
3
2
2
1
1
0
200 300 400 500 600 700 800 900 1000 2000 2001 2004 2005 2006 2007
nover ratio
nover ratio
Current Liabilities
6.short term loan secured 117786206 147144965 121646322
7.Long term loan current portion 14479224
8.Creditors for goods 720989 182447 372596128
9.Other current liabilities 89238191 39933577 109993684
Total Current Liabilities 207745386 201740213 604236134
10.Sales 373191009 471286052 1481539512
11.Cost of Goods sold 219163902 330176706 1340166739
Net working capital 95815252 295258994 68808307
Total ASSET 880552056 1511054489 2533077054
Total Share holders equity 171516793 650518057 1077493586
Net Profit after tax 47078654 50402784 21520784
NO. of Shares outstanding 821710 1910000 3820000
ROA 5.35% 3.34% 0.85%
ROE 27.45% 7.75% 2.00%
EPS 57.29 26.39 5.63
Ratio Analysis:
Current ratio:(C A/C L) 1.50 2.79 1.14
Quick ratio:((CA-Cash)/CL) 1.46 2.46 1.11
Accounts Receivable turnover:(sales/AR) 5 4 6
A/R Collection Period:(360/AR turnover) 73 85 64
Inventory Turnover ratio:(COGS/Inv) 1 1 4
Inventory conversion period:(360/Inv.Turnover) 277 247 87
Current Ratio Q
Axis Title
3.00
Axis Title
3.00
2.50
2.50
2.00
2.00
1.50
1.50
1.00
1.00
0.50
3.00
Axis Ti
Axis Titl
2.50
2.50
2.00
2.00
1.50
1.50
1.00
1.00
0.50
0.50
0.00
1994 1995 2004 2005 2006 2007 2008 0.00
1994 1995 20
Post-IPO
2005 2006 2007 2008
3.00
2008
2.50 2007
2.00 2006
1.50 2005
1.00 2004
1995
3.00
Axis Titl
2008
2.50 2007
2.00 2006
1.50 2005
1.00 2004
1995
0.50
1994
0.00
1994 1995 2004 2005 2006 2007 2008 0 1 2 3 4 5
A/R Turnover Ratio Inventory Turnover Ratio
Axis Title
5
4
4
3
3
2
2
1
5
Axis Titl
4
4
3
3
2
2
1
1
0
2 3 4 5 6 7 8 9 10 1994 1995 2004 2005 2006 2007
ver Ratio
5 2006 2007 2008