Industry analysis

Liquidity ratio
Current ratio
current tatio = current assets/current liabilities

year
2006
2007
2008
2009
2010

current assets
current liabilities
197687321
236377124
277744869
222359663
228019036

Industry Current Ratio results

1.08
1.10
1.11
0.86
0.93

183180209
215101682
250533128
259039910
245735894

Quick ratio
quick ratio = current assets - ( inventory + prepaid exp)/ current liabilities
year
2006
2007
2008
2009
2010

current assets
197687321
236377124
277744869
222359663
228019036

current liabilities
183180209
215101682
250533128
259039910
245735894

Inventory
82927224
86741516
111657992
114123287
111395963

Prepaid expence/ other expences

29953589
53744226
51896756
33649927
42417699

Absolute liquid ratio

year
2006
2007
2008
2009
2010

CASH+BANKBALANCE+MKTSECURITIES/C.LIABILITES
Cash+bank balan
Mkt secur/S.term invest
6235092
46168830
6495639
51321939
4621159
63622133
6370601
4564263
7372362
5403029

current liabilities
183180209
215101682
250533128
259039910
245735894

ratio result
0.29
0.27
0.27
0.04
0.05

IndustryQuick Ratio results

0.46
0.45
0.46
0.29
0.30

Profitability ratio
year
2006
2007
2008
2009
2010

Gross profit to sales

gross profit to sales = G. profit/sales
G. profit
Sales
36206548
311856124
39841421
350130616
40332666
383736985
56543537
445046300
80616563
506377977

Industry gross profit ratios results

0.12
0.11
0.11
0.13
0.16

Net profit to sales

Net profit to sales = profit /Net sales
year
2006
2007
2008
2009
2010

N profit befor taxes

10431678
10283156
6388872
-43273366
28588516

Net sale
311856124
350130616
383736985
445046300
506377977

year
2006
2007
2008
2009
2010

Operating ratio
operating ratio = cost of good solde + operating expence /sales
CGS
Operating exp
sales
275649576
0
311856124
310289195
0
350130616
343454319
0
383736985
388502763
20555273
445046300
425761413
27909704
506377977

Industry Net profit to sales results

0.03
0.03
0.02
-0.10
0.06

Industry Operating ratio results

0.88
0.89
0.90
0.92
0.90

leverage ratios

year
2006
2007
2008
2009
2010

Debt to equity ratio

debt to equity ratio = total long term liabilities/ owner's equity
current liab
non current liab
owner's equity
183180209
80275107
146482463
215101632
78166031
171210007
250533128
85972326
162147141
259039910
135840245
175530155
245735894
140858607
213321961

Industry debt to equity ratio results

1.80
1.71
2.08
2.25
1.81

Debt to total asset ratio

Debt to total asset ratio = total liabilities /total assets
year
2006
2007
2008
2009
2010

current liab
183180209
215101632
250533128
259039910
245735894

non current liab

80275107
78166031
85972326
135840245
140858607

current assets
197687321
236377124
277744869
222359663
228019036

non current assets

212250458
228100596
220912726
348050648
374697427

Industry debt to assets ratio results

0.64
0.63
0.67
0.69
0.64

Capitalization ratio

year
2006
2007
2008
2009
2010

Capitalization ratio = Total longterm liabilities/share holder's equity + longterm liabilities

non current liab
owner's equity
capitalization ratio results
80275107
146482463
0.35
78166031
171210007
0.31
85972326
162147141
0.35
135840245
175530155
0.44
140858607
213321961
0.40

Proprietory /Equity ratio

year
2006
2007
2008
2009
2010

owner's equity
146482463
171210007
162147141
175530155
213321961

propritory = share holder's equity/total assets

current assets
non current assets
197687321
212250458
236377124
228100596
277744869
220912726
222359663
348050648
228019036
374697427

Industry propritory ratio results

0.36
0.37
0.33
0.31
0.35

Interest coverage ratio/Debt servicce ratio

interest coverage ratio/debt servicce ratio = EBIT/interest
year
2006
2007
2008
2009
2010

N profit befor taxes

10431678
10283156
6388872
-43273366
28588516

interest exp
31180
39241
34738
49888
39640

EBIT
10462858
10322397
6423610
-43223478
28628156

IndustryInterest coverage ratio results

335.56
263.05
184.92
-866.41
722.20

Activity ratio/ asset management ratio

Recivable turnover ration
Recivable turnover ration = net sales / average recieiables
year
2006
2007
2008
2009
2010

Net sales
311856124
350130616
383736985
445046300
506377977

Avg recivables/Trade debt

32402586
38073754
45946845
58651584
61429982

Industry recivables turnover results

Industry turnover in days
9.624420841
37.92436
9.196114888
39.690674
8.35175919
43.703367
7.587967275
48.102474
8.24317313
44.279065

Inventory turnover ratio

inventory turnover = CGS/Avg inventory
year
2006
2007
2008
2009
2010

C.G.S
275649576
310289195
343454319
388502763
425761413

Avg inventory
82927224
86741516
111657992
114123287
111395963

Industry inventory turnover results

3.323993771
3.577170533
3.07594927
3.40423741
3.822054243

Payable turn over

year
2006
2007
2008
2009
2010

Payable turnover = Credit purchase/Account payable

C. purchase/Inventory
82927224
86741516
111657992
114123287
111395963

AP/other c.liabilities
86993714
104194527
100911838
74843672
73978933

ratio result
0.95
0.83
1.11
1.52
1.51

turn over in days

382.9
438.4
329.9
239.4
242.4

Liquidity ratio
Current ratio
year
Company
2006
2007
2008
2009
2010

1.20

Industry
0.91
0.87
0.91
0.69
0.79

1.08
1.10
1.11
0.86
0.93

1.00

0.80
Company

0.60

Industry
0.40
0.20

0.00
2006

2007

2008

2009

2010

Quick Ratio

year
Compny
2006
0.42
2007
0.57
2008
0.59
2009
0.53
2010
0.44

Industry

0.70

0.46
0.45
0.46
0.29
0.30

0.60
0.50
0.40
Compny
0.30

Industry

0.20
0.10
0.00
2006

2007

2008

2009

2010

Absolute liquid ratio

year
Company
2006
2007
2008
2009
2010

industry
0.01
0.02
0.02
0.01
0.06

0.29
0.27
0.27
0.04
0.05

0.35
0.30
0.25
0.20
Company

0.15

industry

0.10
0.05

0.00
2006

2007

2008

2009

2010

Profitability ratio
Gross profit to sales
year
Company
2006
2007
2008
2009
2010

Industry
0.13
0.13
0.14
0.09
0.18

0.12
0.11
0.11
0.13
0.16

0.20
0.18
0.16
0.14
0.12
0.10

Company

0.08
0.06

Industry

0.04
0.02
0.00
2006

2007

2006

2007

2008

2009

2010

Net profit to sales

year
Company
2006
2007
2008
2009
2010

industry
0.02
0.01
0.02
-0.06
0.09

0.09
0.03
0.02
-0.10
0.06

0.15
0.10

0.05
Company

0.00
2008

2009

2010

industry

-0.05
-0.10
-0.15

Operating ratio
year
company
2006
2007
2008
2009
2010

Industry
0.87
0.88
0.75
1.11
0.93

0.88
0.89
0.90
0.92
0.90

1.20
1.00
0.80
company

0.60

Industry

0.40
0.20
0.00
2006

2007

2008

2009

2010

leverage ratios
Debt to equity ratio
year

Company

Industry

2006
2007
2008

5.74
6.26
3.90

1.80
1.71
2.08

2009
2010

20.34
3.73

2.25
1.81

25.00

20.00

15.00

Company
10.00

Industry

5.00

0.00
2006

2007

2008

2009

2010

Debt to total asset ratio

year
Company
2006
2007
2008
2009
2010

Industry
0.85
0.86
0.80
0.95
0.79

0.64
0.63
0.67
0.69
0.64

1.20
1.00
0.80

0.60

Company
Industry

0.40
0.20

0.00
2006

2007

2008

2009

2010

Capitalization ratio
year
Company
2006
0.56
2007
0.57
2008
0.54
2009
0.89
2010
0.65

Industry
0.35
0.31
0.35
0.44
0.40

1.00
0.90

0.80
0.70
0.60
0.50

Company

0.40

Industry

0.30
0.20
0.10
0.00
2006

2007

2008

2009

2010

Proprietory /Equity ratio

year
Company
2006
2007
2008
2009
2010

Industry
0.15
0.14
0.20
0.05
0.21

0.40

0.36
0.37
0.33
0.31
0.35

0.35
0.30

0.25
Company

0.20

Industry

0.15
0.10
0.05
0.00
2006

2007

2008

2009

2010

Interest coverage ratio/Debt servicce ratio

year
Company
2006
2007
2008
2009
2010

Industry
1.26
1.16
1.30
0.46
2.62

335.56
263.05
184.92
-866.41
722.20

1000.00
800.00
600.00
400.00
200.00

Company

0.00
-200.00
-400.00
-600.00
-800.00
-1000.00

2006

2007

2008

2009

2010

Industry

Activity ratio/ asset management ratio

Recivable turnover ration
year
Company
2006
2007
2008
2009
2010

62.430
5.986
56.503
4866.887
7238.192

Company turnover in days

5.846546
60.97608
6.459833
0.074997
0.050427

Industry
9.624420841
9.196114888
8.35175919
7.587967275
8.24317313

8000.000

Industry turnover in days

37.92436
39.69067
43.70337
48.10247
44.27907

70

7000.000

60

6000.000

50

5000.000
4000.000

Company

3000.000

Industry

40

2000.000

20

1000.000

10

0.000
2006

2007

2008

2009

2010

Company turnover in days

30

Industry turnover in days

0
2006

2007

2008

2009

2010

10

Inventory turnover ratio

year
Company
Industry
2006
2.201676222
2007
2.429651415
2008
1.786021273
2009
2.473737009
2010
5.403934812

3.323993771
3.577170533
3.07594927
3.40423741
3.822054243

6
5
4
Company

Industry
2

1
0
2006

2007

2008

2009

2010

Payable turn over

year
Company
2006
2007
2008
2009
2010

0.02
0.03
0.04
0.02
0.12

company turnover in days

22550.8
14030.0
9920.6
18797.4
3012.7

Industry Industry turnover in days

0.95
382.9
0.83
438.4
1.11
329.9
1.52
239.4
1.51
242.4

1.60

25000.0

1.40
1.20

20000.0

1.00
0.80

Company

0.60

Industry

15000.0

company turnover in
days

10000.0

Industry turnover in
days

0.40

5000.0

0.20
0.00

0.0
2006

2007

2008

2009

2010

2006

2007

2008

2009

2010