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Balance Sheet
ASSETS
Current assets:
Cash 459,540 677,144 1,184,398 835,546 1,550,861
Accounts receivable 347,139 612,811 1,249,381 2,269,845 2,800,115
Inventories 134,523 255,907 396,267 682,400 621,611
Prepaid expenses 948,532 700,945 1,175,103 1,349,467 1,051,289
Other current assets 139,824 63,321 226,599 371,129 479,455
2,029,558 2,310,128 4,231,748 5,508,387 6,503,331
Non-current assets
Property, plant and equipment 139,824 487,579 705,955 1,334,648 1,956,581
Goodwill and intangible assets 114,955 248,114 584,443 1,204,099 1,476,924
Other non-current assets 0 8,339 4,546 404 0
2,284,337 3,054,160 5,526,692 8,047,538 9,936,836
Income Statement
Revenue 2,065,845 3,037,103 6,009,395 11,065,186 14,953,224
Total Revenue 2,065,845 3,037,103 6,009,395 11,065,186 14,953,224
Cost of Revenue, Total 925,598 1,379,301 2,928,814 5,967,888 8,368,961
Gross Profit 1,140,247 1,657,802 3,080,581 5,097,298 6,584,263
Selling/General/Administrative Expenses, Tot 515,625 537,428 880,964 1,495,195 1,849,000
Research & Development 158,887 236,173 359,828 684,702 964,842
Depreciation/Amortization 49,951 76,879 108,112 194,803 310,357
Unusual Expenses (Income) 0 0 0 0 163,800
Other Operating Expenses, Total 0 0 0 0 0
Operating Income 415,784 807,322 1,731,677 2,722,598 3,296,264
Interest Expense 483 494 518 502 100
Income Before Tax 415,301 806,828 1,731,159 2,722,096 3,296,164
Income Tax - Total 106,863 227,373 516,653 907,747 809,366
Income After Tax 308,438 579,455 1,214,506 1,814,349 2,486,798
Total Extraordinary Items 0 0 0 0 0
Net Income 308,438 579,455 1,214,506 1,814,349 2,486,798
Ratios
Income Statement
Gross Profit Ratio 55.2% 54.6% 51.3% 46.1% 44.0%
Operating Profit Ratio 20.1% 26.6% 28.8% 24.6% 22.0%
Net Profit Ratio 14.9% 19.1% 20.2% 16.4% 16.6%
Balance Sheet
Quick Ratio 7.4 4.0 2.7 2.3 2.7
Current Ratio 7.9 4.5 2.9 2.7 3.0
Total Asset Turnover Ratio 0.9 1.0 1.1 1.4 1.5
Net Asset Turnover Ratio 1.0 1.2 1.5 1.8 1.9
Efficiency
Inventory Turnover Ratio 6.9 5.4 7.4 8.7 13.5
Inventory Days 53.0 67.7 49.4 41.7 27.1
Accounts Receivable Ratio 6.0 5.0 4.8 4.9 5.3
Accounts Receivable Days 61.3 73.6 75.9 74.9 68.3
Accounts Payable Ratio 9.7 10.6 10.8 13.3 13.6
Accounts Payable Days 37.4 34.5 33.8 27.4 26.8
PP&E Turnover Ratio 14.8 6.2 8.5 8.3 7.6
Working Capital Turnover 5.34 4.11 4.37 4.42 5.33
Cash Turnover 4.50 4.49 5.07 13.24 9.64
Rates of Return
Return on Equity 15.43% 23.33% 30.41% 30.89% 32.71%
Return on Assets 13.50% 18.97% 21.98% 22.55% 25.03%
Pyramid Analysis
Return on Equity
Year 1 Year 2 Year 3 Year 4 Year 5
15.43% 23.33% 30.41% 30.89% 32.71%
Net Profit Ratio Total Assets to Equity Total Asset Turnover Ratio
Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5
14.93% 19.08% 20.21% 16.40% 16.63% 1.14 1.23 1.38 1.37 1.31 0.90 0.99 1.09 1.37 1.50
Capital Structure Impact Tax Ratio PP&E Turnover Ratio Working Capital Turnover
Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5
1.00 1.00 1.00 1.00 1.00 25.73% 28.18% 29.84% 33.35% 24.55% 14.77 6.23 8.51 8.29 7.64 5.34 4.11 4.37 4.42 5.33
Gross Profit Ratio SG&A Accounts Payable Ratio Inventory Turnover Ratio
Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5
55.20% 54.58% 51.26% 46.07% 44.03% 24.96% 17.70% 14.66% 13.51% 12.37% 9.75 10.59 10.80 13.31 13.59 6.88 5.39 7.39 8.75 13.46