Summary of Dayton Products, Inc.

Ratios (2014-2015)

Year Evaluation
OUTPERFORMED or UNDERPERFORMED
Ratio Formula 2014 2015 relative to the prior year

Liquidity
Current Assets
Current Ratio 1.18 1.15 underperformed
Current Liabilities

Current Assets - Inventory

Quick (acid-test) ratio 0.92 0.91 underperformed
Current Liabilities

Activity
Cost of Goods Sold
Iventory Turnover 14.12 13.6 underperformed
Inventory

Accounts Receivable
Average Collection Period 38.05 43.18 underperformed
Average Sales per day

Accounts Payable
Average Payment Period 74.74 days 45.89 days outperformed
Average Purchases per day

Sales
Total Assets Turnover 0.55 0.49 underperformed
Total Assets
Debt
Total Liabilities
Debt Ratio 20.65% 20.94% underperformed
Total Assets

Earnings Before Interest and Taxes

Times Interest Earned Ratio 187.83 112.43 underperformed
Interest

Earnings Before Interest and Taxes +

Lease Payments
Fixed-payment coverage
ratio Interest + Lease Payments +
{[(Principal Payments + Preferred
Stock Dividends) x [1/(1-T)]}

Profitability
Gross Profits
Gross Profit Margin 40.47% 38.68% underperformed
Sales

Operating Profits
Operating Profit Margin 29.35% 25.01% underperformed
Sales

Earnings Available for Common

Net Profit Margin Stockholders 13.17% 7.78% underperformed
Sales

Earnings Available for Common

Stockholders
Earnings per Share 3.63 2.08 underperformed
Number of shares common to stock
outsanding
 Earnings Available for Common
Return on Total Assets Stockholders 17.24% 9.12% underperformed
Total Assets

Earnings Available for Common

Return on Equity Stockholders 33.74% 18.67% underperformed
Common Stock Equity

Market
Market Price per Share of Common
Price/Earnings Ratio Stock 24.79 43.27 outperformed
Earnings per Share

Market Price per Share of Common

Stock
Market/Book Ratio 8.36 8.09 underperformed
Book Value per Share of Common
Stock