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Efficiency ratios: Efficiency ratios(million) Non-current assets turnover Stockturn Debtors collection Creditors payment 2010 4 times 46.

74 days 66.4 days 76.28 days 2009 4.3 times 47.69 days 67.47 days 67.27 days

Efficiency Ratio can be defined as how efficiently the company utilizes the assets and liabilities. The Non-current assets turnover has reduced by 7% compared with year 2009 due to the decreased in revenue in 2010. As for the stockturn, it shows the period of time that the company needs in order to sell its inventory. In 2010, the company only needed 46, 74 days to sell the inventories compared to 47.69 days in the previous year. With the shorter period mean high demand turnover of stock so the company cans use the fund for other profitable purpose Debtors collection period shows the period of time that company collects they money from its trade debtors. They have paid off the debt faster in 2010 with only 66.4 days compared to 67.47 days in the previous. Besides that the company has paid to the creditors much slower with 76.28 days compared to 67.27 days in 2009. With extend in time for paying the creditors, so the companies can use the money that paid by the debtors to cover up the creditor payment since no interest to the business. But the company needs to choose the reasonable time to settle down the payment if they want to have good relationship with the creditor in the future. http://www.investopedia.com/terms/e/efficiencyratio.asp#axzz1e5t0Qw2C Shareholder ratios: Shareholder ratios 2010 2009 Earnings per share( eps) 14.04 9.18 Price/ earnings (p/e) ratio 13.6 times 18.25 times Dividend cover 2.16 times 2.29 times Dividend yield 3.4 % 2.4 % The table above shows the shareholder ratios which known as how much the investors recevided in the return on investment. With the earing pershare( eps) increased around 52% in 2010 mainly because of increasing in profit for the year after tax, it simply means that there are the high potential of companys share. In the other hand,price earing ratio, has dropped down 25% compared to 2009 firgue. The dividend cover or also known as interest cover whereby it compares between profit available and dividided paid. In 2010 and 2009 the figure almost the same, just a small amount changing due to the increasing in in profit in 2010 only more than 50% but the dividivend paid increase up to 62%. Dividend yield shows how much in term of cash return on investors investment in the company. The dividend yield in 2010 was more than the previous whereby from 2.4% increase to 3.4%. It due to the higher in term of dividend pers hare by 62.5%.


Capital Structure Ratios: Capital Structure Ratios Gearing Ratio Interest covered 2010 79% 11.9 times 2009 75.3% 7.06 times

Capital Structure Ratios is how a firm finances its overall operation and growth by usign different sources of funds ( Investopedia, 2011).Gearing Ratio has increased by 5% due to decreased in long-term loans during 2003 to 2004. It can be understanded that the firm has used quite high the amount of money from outsider, this issue needs to be taken into account the firm need to pay back the borrowings back in the future. In order to do so they need to increase the profit. Interest rate, shows amount of profit available before taxation to cover interest expense, has increased more than 68.5% during the year 2010. It implies that the profit is enough to cover the interest expense. http://www.investopedia.com/terms/c/capitalstructure.asp#axzz1eNeUOm6S