StrategyExpert.

com

Ratio Tree for Company X

Item Short 2004 2003 2002 Comment Item Short 2004 2003 2002 Comment
Profit bf. Int & tax PBIT 824 729 629 (PnL account) Stock S 398 362 325
Total capital TC 5,492 5,000 5,441 Total assets less current liabilities (Balance sheet) Debt D 2,865 2,308 2,807
Turnover T 8,302 8,019 8,135 (PnL account) Shareholders Equity SE 2,454 2,108 3,081
Current assets CA 3,870 3,246 3,761 (Balance sheet) Interest payable I 136 137 117
Current liabilities CL -1,885 -1,711 -1,751 (Balance sheet) Cost of goods CoG 5,260 5,118 5,191
Net Profit P 552 507 153 (PnL account) Trade debtors TD 31 32 22
Gross profit GP 3,042 2,901 2,944 Note 2 Trade creditors TRC 210 202 200
Operating expences OE -2,218 -2,172 -2,343 Gross profit - profit of the year = operating expences Purchases PU 5,260 5,118 5,191
Net assets NA 2,454 2,108 3,081 (Balance sheet) Divident Div 263 246 239
Fixed assets FA 3,498 3,435 3,381 (Balance sheet) Number of shares SH 2,267 2,294 2,842
Working capital WC 1,985 1,535 2,010 Net current liabilities (c. assets-c. liabilities) (Balance sheet) Share price SP 0.2780 0 0.3850
EBITDA 1107.9 1007.9 4.79% 4.51% 4.00%
EBITDA margin 13.35% 12.57% 2.53% 2.51% 2.45%

FIGURE X: Ratio Tree

Return on PBIT
=
capital TC
employment
For 2004 824
= = 15.0%
5,492
For 2003 729
= = 14.6%
5,000
For 2002 629
= = 11.6%
5,441

Return on sales PBIT Turnover on capital T

=
T emplayment TC
For 2004 824 8,302
= 9.9% For 2004 = = 1.51
8,302 5,492
For 2002 729 8,019
= 9.1% For 2003 = = 1.60
8,019 5,000
For 2002 629 8,135
= 7.7% For 2002 = = 1.50
8,135 5,441

Gross margin GP Overheads to sales OE Net margin P F. asset turnover T W. Capital T Asset T
= = = = = =
T T T FA turnover WC turnover TC
3,042 -2,218 552 8,302 8,302 8,302
For 2004 = = 36.6% For 2004 = = -26.7% For 2004 = = 6.7% For 2004 = 2.37 For 2004 = = ### For 2004 = = 1.51
8,302 8,302 8,302 3,498 1,985 5,492
2,901 -2,172 507 8,019 8,019 8,019
For 2003 = = 36.2% For 2003 = = -27.1% For 2003 = = 6.3% For 2003 = 2.33 For 2003 = = ### For 2003 = = 1.60
8,019 8,019 8,019 3,435 1,535 5,000
2,944 -2,343 153 8,135 8,135 8,135
For 2002 = = 36.2% For 2002 = = -28.8% For 2002 = = 1.9% For 2002 = 2.41 For 2002 = = ### For 2002 = = 1.50
8,135 8,135 8,135 3,381 2,010 5,441

Liquidity ratios Stability ratios

Current ratio CA Quick ratio CA-S Gearing ratio D Debt/Equit D Interest PBIT
= = = = =
CL CL D+CnR y ratio SE cover I
3,870 3,472 2,865 2,865 824
For 2004 = = (2.05) For 2004 = = (1.84) For 2004 = 53.9% For 2004 = = ### For 2004 = = 6.05
-1,885 -1,885 5,319 2,454 136
3,246 2,885 2,308 2,308 729
For 2003 = = (1.90) For 2003 = = (1.69) For 2003 = 52.3% For 2003 = = ### For 2003 = = 5.32
-1,711 -1,711 4,416 2,108 137
3,761 3,435 2,807 2,807 629
For 2002 = = (2.15) For 2002 = = (1.96) For 2002 = 47.7% For 2002 = = ### For 2002 = = 5.38
-1,751 -1,751 5,888 3,081 117

Working capital ratios

Stock holding S x365 Debtor days TD x365 Creditor TRC x365

= = =
period CoG T days PU
145,270 11,133 76,723
For 2004 = = 27.6 For 2004 = = 1.3 For 2004 = = 14.59
5,260 8,302 5,260
132,057 11,717 73,584
For 2003 = = 25.8 For 2003 = = 1.5 For 2003 = = 14.38
5,118 8,019 5,118
118,735 7,994 72,854
For 2002 = = 22.9 For 2002 = = 1.0 For 2002 = = 14.03
5,191 8,135 5,191

Investor ratios

Dividents per Div Divident cover P Divident Div p share /(1-t) Earnings per share P P/E ratio SP Net assets NA
= = = = = =
share SH Div yield SP SH EPS p. share SH
263 552 0.13 552 0.2780 2,454
For 2004 = = 0.12 For 2004 = = 2.10 For 2004 = = 0.46 For 2004 = 0.24 For 2004 = = ### For 2004 = = 1.08
2,267 263 0.2780 2,267 0 2,267
246 507 507 2,108
For 2003 = = 0.11 For 2003 = = 2.06 For 2003 = 0.22 For 2003 = = 0.92
2,294 246 2,294 2,294
239 153 153 3,081
For 2002 = = 0.08 For 2002 = = 0.64 For 2002 = 0.05 For 2002 = = 1.08
2,842 239 2,842 2,842

Free resource template from StrategyExpert.com