Dayton Inc.

Statement of Financial Position

December 31, 2015

Assets
Current Assets Current Assets
Cash 6,547 4.57%
Accounts Receivable 19,549 13.65%
Inventories 7,904 5.52%
Other Current Assets 1,681 1.17%
Total Current Assets 35,681

Non Current Assets Non Current A

Property Plant and Equipment 187,519
Accum. Depn. & depletion 97,917 89,602 62.58%
Other Non Current Assets 17,891 12.50%
Total Non Current Assets 107,493
Total Assets 143,174 100.00% Total Assets

Liabilities and Shareholder's Equity

Current Liabilities Current Liabiliti
Accounts Payable 22,862 15.97%
Short-term debt payable 3,703 2.59%
Other Current Liabilities 3,549 2.48%
Total Current Liabilities 30,114

Non Current Liabilities Non Current Li

Long-term debt payable 7,099 4.96%
Deferred income taxes 16,359 11.43%
Other noncurrent liabilities 16,441 11.48%
Total Non-current Liabilities 39,899
Total Liabilities 70,013 Total Liabilities

Shareholder's Equity Shareholder's

Common Stock & Retained Earnings 73,161 51.10%
Total Shareholder's Equity 73,161 Total Sharehol
Total Liabilities and Shareholder's Equity 143,174 100.00% Total Liabilitie
 Dayton Inc.
Statement of Financial Position
December 31, 2016

Assets
Current Assets
Cash 7,229 4.74%
Accounts Receivable 21,163 13.86%
Inventories 8,068 5.29%
Other Current Assets 1,831 1.20%
Total Current Assets 38,291

Non Current Assets

Property Plant and Equipment 204,960
Accum. Depn. & depletion 110,020 94,940 62.20%
Other Non Current Assets 19,413 12.72%
Total Non Current Assets 114,353
Total Assets 152,644 100.00%

Liabilities and Shareholder's Equity

Current Liabilities
Accounts Payable 13,792 9.04%
Short-term debt payable 4,093 2.68%
Other Current Liabilities 15,290 10.02%
Total Current Liabilities 33,175

Non Current Liabilities

Long-term debt payable 6,655 4.36%
Deferred income taxes 16,484 10.80%
Other noncurrent liabilities 21,733 14.24%
Total Non-current Liabilities 44,872
Total Liabilities 78,047

Shareholder's Equity
Common Stock & Retained Earnings 74,597 48.87%
Total Shareholder's Equity 74,597
Total Liabilities and Shareholder's Equity 152,644 100.00%
 Dayton Inc.
Statement of Financial Position

2015 2016
Assets
Current Assets
Cash 6,547 100% 7,229 110.42%
Accounts Receivable 19,549 100% 21,163 108.26%
Inventories 7,904 100% 8,068 102.07%
Other Current Assets 1,681 100% 1,831 108.92%
Total Current Assets 35,681 38,291

Non Current Assets

Property Plant and Equipment 187,519 204,960
Accum. Depn. & depletion 97,917 89,602 100% 110,020 94,940 105.96%
Other Non Current Assets 17,891 100% 19,413 108.51%
Total Non Current Assets 107,493 114,353
Total Assets 143,174 100% 152,644 106.61%

Liabilities and Shareholder's Equity

Current Liabilities
Accounts Payable 22,862 100% 13,792 60.33%
Short-term debt payable 3,703 100% 4,093 110.53%
Other Current Liabilities 3,549 100% 15,290 430.83%
Total Current Liabilities 30,114 33,175

Non Current Liabilities

Long-term debt payable 7,099 100% 6,655 93.75%
Deferred income taxes 16,359 100% 16,484 100.76%
Other noncurrent liabilities 16,441 100% 21,733 132.19%
Total Non-current Liabilities 39,899 44,872
Total Liabilities 70,013 78,047

Shareholder's Equity
Common Stock & Retained Earnings 73,161 100% 74,597 101.96%
Total Shareholder's Equity 73,161 74,597
Total Libailities and Shareholder's Equity 143,174 100% 152,644 106.61%
 Dayton Inc.
Statement of Financial Performance
December 31, 2015

Sales 187,510 100.00%

Cost of Goods Sold (111,631) -59.53%
Gross Margin 75,879 40.47%
Expenses
Selling, General & Administrative Expense (12,900) -6.88%
Other Tax Expense (33,377) -17.80%
EBITDA 29,602 15.79%
Depreciation and Expense (7,944) -4.24%
EBIT 21,658 11.55%
Other Income 3,323 1.77%
Interest Expense (293) -0.16%
EBT 24,688 13.17%
Income Tax (9,369.096) -5.00%
Net Income 15,318.904 8.17%
 Dayton Inc.
Statement of Financial Performance
December 31, 2016

Sales 178,909 100.00%

Cost of Goods Sold (109,701) -61.32%
Gross Margin 69,208 38.68%
Expenses
Selling, General & Administrative Expense (12,356) -6.91%
Other Tax Expense (33,572) -18.76%
EBITDA 23,280 13.01%
Depreciation and Expense (12,103) -6.76%
EBIT 11,177 6.25%
Other Income 3,147 1.76%
Interest Expense (398) -0.22%
EBT 13,926 7.78%
Income Tax (4,918.6632) -2.75%
Net Income 9,007.3368 5.03%
 Dayton Inc.
Statement of Financial Performance

2015 2016

Sales 187,510 100.00% 178,909 95.41%

Cost of Goods Sold (111,631) 100.00% (109,701) 98.27%
Gross Margin 75,879 100.00% 69,208 91.21%
Expenses
Selling, General & Admin. Expense (12,900) 100.00% (12,356) 95.78%
Other Tax Expense (33,377) 100.00% (33,572) 100.58%
EBITDA 29,602 100.00% 23,280 78.64%
Depreciation and Expense (7,944) 100.00% (12,103) 152.35%
EBIT 21,658 100.00% 11,177 51.61%
Other Income 3,323 100.00% 3,147 94.70%
Interest Expense (293) 100.00% (398) 135.84%
EBT 24,688 100.00% 13,926 56.41%
Income Tax (9,369.096) 100.00% (4,918.6632) 52.50%
Net Income 15,318.904 100.00% 9,007.3368 58.80%
 Dayton Inc. Operating Ratios
Liquidity Ratios
Current ratio
Quick ratio
Cash ratio
Activity Ratios
Inventory turnover
Receivable turnover
Total Asset turnover
Working Capital turnover
Debt Ratios
Debt-to-Assets ratio
Component- Long-term Debt-to-Assets ratio
Percentage
Solvency Ratios Debt-to-Equity ratio
Financial Leverage 195.70% 204.60% Worse than the prior year
Profitability Ratios
Gross profit margin
Operating profit margin
Net profit margin
Pretax profit margin
Operating return on Assets
Return on Assets
Returns
Return on Total Capital
Return on Equity
Market Value Ratios
Earnings per share
Book value per share
Price-earnings Ratio
Market-to-Book ratio
Dividend yield
2015 2016 Results
1.18 1.15 Worse than the prior year
0.87 0.86 Worse than the prior year
0.22 0.22 Same with the prior year
- 13.74 Not applicable
- 8.79 Not applicable
- 1.21 Not applicable
- 33.49 Not applicable
48.90% 51.13% Worse than the prior year
4.96% 4.36% Better than the prior year
95.70% 104.62% Worse than the prior year
40.47% 38.68% Worse than the prior year
15.79% 13.01% Worse than the prior year
8.17% 5.03% Worse than the prior year
13.17% 7.78% Worse than the prior year
- 15.74% Not applicable
- 6.09% Not applicable
- Not applicable
- 12.19% Not applicable
2.25 1.34 Worse than the prior year
10.76 11.13 Better than the prior year
- 67.16 Not applicable
- 8.09 Not applicable
- 79.65 Not applicable
Better than the prior year
Worse than the prior year

But really depends on the industry

But really depends on the industry
But really depends on the industry
But really depends on the industry
 2013 2014 2015 2016 2017
Sales Growth % 13.40% 11.40% 11.10% 10.90%
Sales 655.10 743.15 827.52 919.45 1019.43
Net Income 61.73 79.21 95.05 144.41 164.25
Total Assets 765.15 879.92 1011.91 1163.72 1338.25
Equity 564.24 621.55 695.43 723.18 777.82
Dividends 11.10 15.70 20.00 35.10 48.70

ROA = Profit Margin x Total Asset Turnover

ROA = (Net Income/Sales) x (Sales/Total Assets)
ROA = Net Income/Total Assets

ROE = ROA x Equity Multiplier

ROE = Net Profit Margin x Total Asset Turnover x Equity Multiplier
ROE = (Net Income/Sales) x (Sales/Total Assets) x (Total Assets/Shareholder' s Equity)
ROE = Net Income/Shareholder's Equity

Financial Leverage = Total Assets/Shareholders' Equity

Total Asset Turnover = Total Revenue/Total Assets
Net Profit Margin = Net Income/Total Revenue
Equity Multiplier = Financial Leverage
 2013 2014 2015 2016 2017
ROA 8.07% 9.00% 9.39% 12.41% 12.27%
ROE 10.94% 12.74% 13.67% 19.97% 21.12%

Financial Leverage 1.36 1.42 1.46 1.61 1.72

Total Asset Turnover 0.86 0.84 0.82 0.79 0.76
Net Profit Margin 0.09 0.11 0.11 0.16 0.16