When we looked at Ayala Corporation's financial statements, we also looked at the efficiency

ratios which are used in analyzing a company’s ability to effectively employ its resources,
such as capital and assets, to produce income. The ratios serve as a comparison of expenses
made to revenues generated, essentially reflecting what kind of return in revenue or profit a
company can make from the amount it spends to operate its business. We discovered that the
company has a accounts receivable turn-over ratio of 1.70 in 2019 and 1.18 in 2020.  As we
compared the both accounts of 2019 and 2020 it decreases means that the company’s
collection process is poor. This can be due to the company extending credit terms to non-
creditworthy customers who are experiencing financial difficulties. As for the company’s
asset turnover ratio it decreases to 0.14. It indicates that the company is not efficient in using
it’s asset to generate sales. Ayala corporation inventory turnover ratio is 0.80. It means that
the company’s sales are poor, it is carrying too much inventory, or experiencing poor
inventory management. Unsold inventory can face significant risks from fluctuating market
prices.