Name: WARDAH MUKHATR

20396

Section-B

Assignment # 02

Prof. Ajid-ur-Rehman
 THE PREMIER SUGAR MILLS AND DISTI
SHORT TERM LIQUIDITY & SOLVENCY
2016

Current Asset 552744

Current Ratio = 1.04
Current Liabilty 526642

Current Asset - Inventory 552744-172212

Quick Ratio = 0.72
Current Liability 526642

Cash 55387
Cash Ratio = 0.11
Current Liability 526642

LONG TERM SOLVENCY MEASURES

2016
Total Asset - Total Equity 1881265-677773
Total Debt Ratio = 0.6
Total Assets 1881265

EBIT -132666
Times Interest Earned Ratio = -2.11
Interest 62864

EBIT + (Depreciation and Amortization) 386899

Cash Coverage Ratio = 6.1
Interest 62864

ASSETS MANAGEMENT OR TURNOVER MEASURES RATIO

2016
Cost of Goods Sold 1614636
Inventory Turnover = 9.3
Inventory 172212
 365 days 365
Days' Sales in Inventory = 39
Inventory turnover 9.3

Sale 1470677
Receivable Turnover = 204
Accounts Receivable 7218

365 days 365

Days' Sales in Receivables = 2
Receivables turnover 204

Sales 1470677
Total Asset turnover = 0.78
Total Assets 1881265

PROFITABILITY MEASURES
2016
Net Income -149253
Profit Margin = -0.10%
Sales 1470677

EBITDA 386899
EBITDA Margin = 26.00%
Sales 1470677

Net Income -149253

Return on Assets = -0.07%
Total Assets 1881265

Net Income -149253

Return on Equity = -0.22%
Total Equity 677773
LS AND DISTILLERY COMP.LTD

2017 2018

3805678 790651
0.78 0.66
4901748 1180276

3805678-644205 790651-371602
0.64 0.35
4901748 1180276

179283 5720
0.04 0.04
4901748 1180276

2017 2018

12871805-573238 2190236-992816
0.1 0.54
12871805 2190236

-93672 -80988
1.9 -0.94
78259 85525

12871805+820896 684356
174 1.19
78259 574879

ASURES RATIOS
2017 2018

11138724 1329872
17.2 3.5
644205 371602
 365 365
21 104
17.2 3.5

12206520 1262508
41.2 134
296479 9429

365 365
9 3
41.2 134

12206520 1262508
0.94 0.58
12871805 2190236

2017 2018

-106885 -196880
-0.01% -0.15%
12206520 1262508

2108674 684356
17.00% 54.00%
12206520 1262508

-166885 -196880
-0.01% -0.09%
12871805 2190236

-166885 -196880
-0.30% -0.19%
573238 992816
 SANGHAR SUGAR MILLS L
SHORT TERM LIQUIDITY & SOLVENCY
2016
Current Asset 915207
Current Ratio = 0.91
Current Liabilty 1003871

Current Asset - Inventory 915207-606067

Quick Ratio = 0.3
Current Liability 1003871

Cash 123255
Cash Ratio = 0.12
Current Liability 1003871

LONG TERM SOLVENCY MEASURES

2016
Total Asset - Total Equity 2424907-467266
Total Debt Ratio = 0.8
Total Assets 2424907

EBIT 53072
Times Interest Earned Ratio = 1.08
Interest 48859

EBIT + (Depreciation and Amortization) 53072+66050

Cash Coverage Ratio = 2.43
Interest 48859

ASSETS MANAGEMENT OR TURNOVER MEASURES RATIO

2016
Cost of Goods Sold 2681075
Inventory Turnover = 4.4
Inventory 606067
 365 days 365
Days' Sales in Inventory = 83
Inventory turnover 4.4

Sale 2832657
Receivable Turnover = 233
Accounts Receivable 12171

365 days 365

Days' Sales in Receivables = 1.56
Receivables turnover 233

Sales 1550709
Total Asset turnover = 0.97 times
Total Assets 1582657

PROFITABILITY MEASURES
2016
Net Income 17197
Profit Margin = 0.60%
Sales 2832657

EBITDA 119122
EBITDA Margin = 4.00%
Sales 2832657

Net Income 17197

Return on Assets = 0.70%
Total Assets 2424907

Net Income 17197

Return on Equity = 3.00%
Total Equity 467266
GAR MILLS Limited

2017 2018

1302916 1131843
0.69 0.60
1876172 1883501

1302916-1095532 1131843-790044
0.11 0.18
1876172 1883501

19721 7071
0.01 0.0003
1876172 1883501

2017 2018

308735-193947 4068853-193947
0.93 0.95
3087385 4068853

-168015 -38589
1.78 -3.16
94280 121934

-104977 48461
-1.11 0.39
94280 121934

SURES RATIOS
2017 2018

2653892 3307015
2.4 4.1
1095532 790044
 365 365
152 89
2.4 4.1

2583232 3405535
714 20.3
3613 166994

365 365
0.5 18
714 20.3

1829624 1869013
1.25 times 1.18 times
1455442 1583800

2017 2018

-287104 749159
-0.11% 21.00%
2583232 3405535

-104977 48461
-0.04% 1.40%
2583232 3405535

-287104 749159
-0.09% 18.00%
3087385 4068853

-287104 749159
-1.50% 386.00%
193947 193947
 SHAHTAJ SUGAR MILLS L
SHORT TERM LIQUIDITY & SOLVENCY
2016
Current Asset 660264
Current Ratio = 1.71
Current Liabilty 385375

Current Asset - Inventory 660264-162713

Quick Ratio = 1.29
Current Liability 385375

Cash 38579
Cash Ratio = 0.10
Current Liability 385374

LONG TERM SOLVENCY MEASURES

2016
Total Asset - Total Equity 1621003-1182175
Total Debt Ratio = 0.27
Total Assets 1621003

EBIT 312950
Times Interest Earned Ratio = -6.5
Interest -47543

EBIT + (Depreciation and Amortization) 312950+64425

Cash Coverage Ratio = -7.9
Interest -47543

ASSETS MANAGEMENT OR TURNOVER MEASURES RATIO

2016
Cost of Goods Sold -4180351
Inventory Turnover = -25
Inventory 162713
 365 days 365
Days' Sales in Inventory = -14
Inventory turnover -25

Sale 4707035
Receivable Turnover = 202.3
Accounts Receivable 23295

365 days 365

Days' Sales in Receivables = 2
Receivables turnover 202.3

Sales 4707035
Total Asset turnover = 2.9
Total Assets 1621003

PROFITABILITY MEASURES
2016
Net Income 179085
Profit Margin = 3.00%
Sales 4707035

EBITDA 377375
EBITDA Margin = 8.00%
Sales 4707035

Net Income 179085

Return on Assets = 11.00%
Total Assets 1621003

Net Income 179085

Return on Equity = 15.00%
Total Equity 1182175
GAR MILLS Limited

2017 2018

1379615 1034114
1.05 0.92
919225 1116784

1379615-804212 1034114-383474
0.62 0.58
919225 1116784

50240 56274
0.05 0.50
919225 1116784

2017 2018

3058966-1264173 3089442-797907
0.58 0.74
3058966 3089442

387326 -363472
-5.1 6.51
-74571 -55803

387326+67708 -363472+6133
-6.1 5.4
-74571 -55803

SURES RATIOS
2017 2018

-5147313 -5009896
-6.4 -13
804212 383474
 365 365
-57 -28
-6.4 -13

5807237 4878366
685 580
8473 8400

365 365
1 0.6
685 580

5807237 4878366
1.89 1.58
3058966 3089442

2017 2018

142053 -406211
2.00% 8.00%
5807237 4878366

455034 -302137
7.00% -0.06%
5807237 4878366

142053 -406211
4.00% -0.13%
3058966 3089442

142053 -406211
11.00% -0.50%
1264173 797907
 SHAHMURAD SUGAR MILLS Limited
SHORT TERM LIQUIDITY & SOLVENCY
2016 2017 2018

Current Asset 1407923 3537186 4529303

Current Ratio = 0.98 1.02 0.91
Current Liabilty 1428785 3456917 4925666

Current Asset - Inventory 1407923-1181393 3537186-991768 4529303-256892

Quick Ratio = 0.15 0.7 0.39
Current Liability 1428785 3456917 4925666

Cash 57363 38492 4552

Cash Ratio = 0.04 0.01 0.009
Current Liability 1428785 3456917 4925666

LONG TERM SOLVENCY MEASURES

2016 2017 2018

Total Asset - Total Equity 395671-1148400 6677170-1131312 9919072-3333720

Total Debt Ratio = 0.7 0.83 0.66
Total Assets 395673 6677170 9919072

EBIT 343522 128636 783430

Times Interest Earned Ratio = 1.98 0.6 -3.33
Interest 172779 -202721 -234939

EBIT + (Depreciation and Amortization) 343522+131080 128636+133288 783430+181747

Cash Coverage Ratio = 2.74 -1.2 -4.1
Interest 172779 -202721 -234939

ASSETS MANAGEMENT OR TURNOVER MEASURES RATIOS

2016 2017 2018

Cost of Goods Sold -5239364 -4471788 -6409719

Inventory Turnover = -4.43 -4.5 -2.4
Inventory 1148400 991768 2568492

365 days 365 365 365

Days' Sales in Inventory = -82 -77 -152
Inventory turnover -4.43 -4.5 -2.4

Sale 5909743 5055682 7220127

Receivable Turnover = 337 174 58
Accounts Receivable 17541 29014 125326

365 days 365 365 365

Days' Sales in Receivables = 1 2 6
Receivables turnover 337 174 58

Sales 5909743 5055682 7220127

Total Asset turnover = 1.49 0.75 0.72
Total Assets 3956713 6677170 9919072

PROFITABILITY MEASURES
2016 2017 2018

Net Income 125108 7196 1653710

Profit Margin = 2.00% 75.00% 22.00%
Sales 5909743 5055682 7220127

EBITDA 474602 261924 965177

EBITDA Margin = 8.00% 5.00% 13.00%
Sales 5909743 5055682 7220127

Net Income 125108 7196 1653710

Return on Assets = 3.00% 0.10% 16.00%
Total Assets 3956713 6677170 9919072

Net Income 125108 7196 1653710

Return on Equity = 10.00% 0.60% 49.00%
Total Equity 1148400 1131312 3333720
 AVERAGE OF RATIOS
Current Ratio
2016 2017 2018
PMRS 1.04 0.78 0.66
SANSM 0.91 0.69 0.6
SHJS 1.71 1.05 0.92
SHAML 0.98 1.02 0.91
AVERAGE 1.16 0.87 0.77

Quick ratio
2016 2017 2018
PMRS 0.72 0.64 0.35
SANSM 0.3 0.11 0.11
SHJS 1.29 0.62 0.58
SHAML 0.15 0.7 0.39
AVERAGE 0.6 0.51 0.35

Cash Ratio
2016 2017 2018
PMRS 0.11 0.04 0.04
SANSM 0.12 0.01 0.003
SHJS 0.1 0.05 0.5
SHAML 0.04 0.01 0.009
AVERAGE 0.09 0.02 0.13

T. Debt Ratio
2016 2017 2018
PMRS 0.6 0.1 0.54
SANSM 0.8 0.93 0.95
SHJS 0.27 -6.4 -13
SHAML 0.7 -4.5 -2.4
Average 0.59 -2.46 -3.47

Times interst earned ratio

2016 2017 2018
PMRS -2.11 1.9 -0.94
SANSM 1.08 1.78 -3.16
SHJS -6.5 -5.1 6.51
SHAML 1.98 0.6 -3.33
AVERAGE -1.38 -0.2 -0.22

Cash Coverage
2016 2017 2018
PMRS 6.1 174 1.19
SAMSM 2.43 -1.11 0.39
SHJS -7.9 -6.1 5.4
SHAML 2.74 -1.2 -4.1
AVERAGE 0.84 41.2 0.72

Inventory Turnover

2016 2017 2018

PMRS 9.3 17.2 3.5
SAMSM 4.4 2.4 4.1
SHJS -25 -6.4 -13
SHAML -4.43 -4.5 -2.4
AVERAGE -3.92 2.17 1.95

Days sale in inv turnover

2016 2017 2018
PMRS 39 21 104
SAMSM 83 152 89
SHJS -14 -57 -28
SHAML -82 -77 -152
AVERAGE 6.5 9.75 3.25

Recievable Turnover

2016 2017 2018

PMRS 204 41.2 134
SAMSM 233 714 20.3
SHJS 202.3 -57 580
SHAML 337 174 58
AVERAGE 244 218 198

Days sales in receivable turnover

 2016 2017 2018
PMRS 2 9 3
SAMSM 1.56 0.5 18
SHJS 2 1 0.6
SHAML 1 2 6
AVERAGE 1.64 3.1 6.9

T.Asset turnover

2016 2017 2018

PMRS 0.78 0.94 0.58
SAMSM 0.97 1.25 1.18
SHJS 2.9 1.89 1.58
SHAML 1.49 0.75 0.72
AVERAGE 1.53 1.2 1.1

Profit margin

2016 2017 2018

PMRS -0.1 -0.01 -0.15
SAMSM 0.6 -0.11 21
SHJS 3 2 8
SHAML 2 75 22
AVERAGE 1.12 19.2 12.7

EBITDA/SALE
2016 2017 2018
PMRS 26 17 54
SAMSM 4 -0.04 1.4
SHJS 8 7 -0.06
SHAML 8 5 13
AVERAGE 11.5 7.24 276

Return on Asset
2016 2017 2018
PMRS -0.07 -0.01 -0.09
SAMSM 0.7 -0.09 18
SHJS 11 4 -0.13
SHAML 3 0.1 16
AVERAGE 3.6 1 8.4

Return on equity

2016 2017 2018

PMRS -0.22 -0.3 -0.19
SAMSM 3 -1.5 386
SHJS 15 11 -0.5
SHAML 10 0.6 49
AVERAGE 6.9 2.45 108

REMARKS

Current ratio in 2016 was 1.16 which is higher than other two years

Quick ratio in 2017 was 0.51 which is higher than other two years

Cash ratio in 2018 was 0.13 which is higher than other two years

Total debt ratio in 2016 was 0.59 which other two years

Times interst earned ratio in 2016 was -1.38 which is higher than other two years

Cash coverage in 2017 was 41.2 which is higher than other two years

Inventory turnover in 2017 was 2.17 which is higher than other two years

Day sales in inventory turnover in 2017 was 9.79 which was higher than other two years

Recievable turnover in 2016 was 244 which is higher than other two years

Day sales in receivable turnover in 2018 was 6.9 which is higher than other two years

Total asset turnover in 2016 was 1.53 which is higher than other two years

Profit margin ratio in 2017 was 19.2 which is higher than other two years

EBITDA/SALES ratio in 2018 was 276 which is higher than other two years

Return on asset ratio in 2017 is 1 which is higher than other two years
Return on equity ratio in 2018 was 108 which is higher than other two years
o years

years