Final Project Fundamentals of Finance: Bestway Cement Lucky Cement DG Khan Cement

Final Project
Fundamentals of Finance
Bestway cement Lucky Cement DG khan Cement
Group Members:
Hadia Shafqat 01-111202-045
Mubashir Sarfaraz 01-111202-
Mahnum Khurshid 01-111202-244
Haiqa Sheikh 01-111202-180
Asad Nawaz 01-111202-256
Date: 29-6-2022
1
Table of Content
Bestway Cement..........................................................................................................................................3
 Introduction:...............................................................................................................................3
 Vision:.........................................................................................................................................3
 Mission Statement:.....................................................................................................................3
 Nature of Business:.....................................................................................................................3
Lucky Cement..............................................................................................................................................4
 Introduction:...............................................................................................................................4
 Vision Statement:.......................................................................................................................4
DG Khan Cement.........................................................................................................................................4
 Introduction:...............................................................................................................................4
 Vision Statement:.......................................................................................................................4
Comparison of Ratios..................................................................................................................................5
 Liquidity Ratios:..........................................................................................................................5
Analysis:...............................................................................................................................................6
Analysis:...............................................................................................................................................7
 Asset Management Ratios:.........................................................................................................8
Analysis................................................................................................................................................9
Analysis..............................................................................................................................................10
Analysis..............................................................................................................................................12
Analysis..............................................................................................................................................13
 Debt Management Ratios.........................................................................................................13
Analysis:.............................................................................................................................................15
Analysis..............................................................................................................................................16
Analysis..............................................................................................................................................18
Analysis..............................................................................................................................................19
 Profitability Ratios....................................................................................................................19
Analysis..............................................................................................................................................21
Analysis..............................................................................................................................................22
Analysis..............................................................................................................................................24
2
Price Earnings Ratio...........................................................................................................................24
Analysis..............................................................................................................................................25
Common Size Statement Analysis.............................................................................................................26
 Common size statement (2020)................................................................................................27
Common Size Balance Sheet Analysis........................................................................................................31
 Common size balance sheet 2021............................................................................................31
 Annual Turnover 2021..............................................................................................................32
 Common Size Balance Sheet 2020............................................................................................32
 Annual Turnover 2020..............................................................................................................33
 Annual Turnover 2019..............................................................................................................34
 Annual Turnover 2018..............................................................................................................36
 Annual Turnover 2017..............................................................................................................37
3
Bestway Cement
Introduction:
Best way Cement Limited is a Pakistani company engaged in the manufacturing and sale of
cement. It produces consistently high-quality cement as it achieves 25% of the market share in
Northern Pakistan. Bestway Cement provides a wide variety of cement product, including all
purpose cement, early setting cement, ordinary Portland cement, low heat cement, floor and wall
tiles adhesive, etc. The company is the first one in Pakistan that set up a waste heat recovery
power plant and currently it operates such plants at Chakwal, Hattar, Farooqia and Kallar Kahar
plant sites.
Vision:
To produce high quality cement at the lowest cost.
Mission Statement:
Consistently produce high quality cement. Endeavor to be the lowest cost producer. Achieve
25% of the market share of North Zone in the short term and maintain its position as the largest
cement producer in the country. Consistently maintain a high standard of customer service.
Continue to invest in human resource through training, development and promotions from within
whenever possible in order to meet future expansion needs. Continue to set aside adequate funds
from net profits for fulfilling its various social responsibilities particularly in the field of
education and health
Nature of Business:
Bestway Cement Limited is a Pakistani company engaged in the manufacturing and sale of
cement. It produces consistently high-quality cement as it achieves 25% of the market share in
Northern Pakistan. Bestway Cement provides a wide variety of cement product, including all
purpose cement, early setting cement, ordinary Portland cement, low heat cement, floor and wall
tiles adhesive, etc. The company is the first one in Pakistan that set up a waste heat recovery
power plant and currently it operates such plants at Chakwal, Hattar, Farooqia and Kallar Kahar
plant sites.
4
Lucky Cement
Introduction:
Lucky Cement Limited was established in 1996 and now is a prominent producer of cement in
Pakistan and in Asia. The company has production facilities in Pezu (Production capacity:
13,000 Tons per day) as well as in Karachi (Production capacity: 8000 Tons per day). Lucky
Cement Limited is presently a 21,000 tons per day, dry process cement plant. The production is
focused on ordinary Portland cement, sulphate resistant cement and slag cement.
Vision Statement:
We strive to be a growth oriented company by identifying opportunities, making the right
investments, producing high quality cement and using innovative technology to achieve cost
competitiveness and customer satisfaction.
Mission Statement:
We strive to be a growth oriented company by identifying opportunities, making the right

investments, producing high quality cement and using innovative technology to achieve cost
competitiveness and customer satisfaction.
DG Khan Cement
Introduction:
DG khan was established under the management control of State Cement Corporation of
Pakistan Limited (SCCP) in 1978. The plant is located at 40 KM North West of Dera Ghazi
Khan Town. DGKCC started its commercial production in April 1986 with a capacity of 2,000
tons per day Clinker based on dry process technology. Plant and Machinery was supplied by
UBE Industries of Japan. D.G. Khan Cement Company Limited, a unit of Nishat group, is the
largest cement-manufacturing company in Pakistan with a production capacity of 7,000 tons per
day cement.
Vision Statement:
"To transform the Company into a modern and dynamic cement manufacturing company with
qualified professionals and fully equipped to play a meaningful role on a sustainable basis in the
economy of Pakistan."
5
Mission Statement:
To provide quality products to customers and explore new markets to promote/expand sales of
the Company through good governance and foster a sound and dynamic team, so as to achieve
optimum prices of products of the Company for sustainable and equitable growth and prosperity
of the Company.
Comparison of Ratios
Liquidity Ratios:
The ratio between the liquid assets and the liabilities of a bank or other institution.
1. Current Ratio:The current ratio is a liquidity ratio that measures whether a firm has enough
resources to meet its short-term obligations.
Current Ratio = Current Assets/Current Liabilities
2021 Bestway Cement Lucky Cement DG khan Cement
Current Ratio 0.56 1.21 0.94

2019 Bestway Cement Lucky Cement DGKhan Cement

2018 Bestway Cement Lucky Cement DG Khan Cement


6
Current Ratio
3
2.5
1.5
0.5
0
2021 2020 2019 2018 2017
Bestway Lucky DG Khan
Analysis:
A current ratio below 1.00 could indicate that a company might struggle to meet its short-term
obligations, whereas ratios of 1.50 or greater would generally indicate ample liquidity.
A good current ratio is between 1.2 to 2,which means that the business has 2 times more current
assets than liabilities to covers its debts. A current ratio below 1 means that the company doesn't
have enough liquid assets to cover its short-term liabilities.
So, As per this we conclude that Lucky Cement has current ratio between 1.2 to 2.7 in 5 years
from 2021 to 2017 and it has 2 times more current assets than liabilities to cover its debt.
Bestway cement has least current ratio so, to increase current ratio they have to repay and
restruct their debt.
Company having least current ratio face difficulty in fulfilling any short term commitments.
2. Quick Ratio:
The quick ratio, also known as the acid-test ratio, measures the ability of a company to pay all of
its outstanding liabilities when they come due with only assets that can be quickly converted to
cash.
These include cash, cash equivalents, marketable securities, short-term investments, and current
account receivables.
7
Quick Ratio 0.699 0.65 0.55

Quick Ratio 0.41 0.62 0.58

Quick Ratio 0.26 0.69 0.59
Quick Ratio 0.25 1.46 0.92

Quick Ratio 0.32 2.01 1.39
Quick Ratio
2.5
1.5
0.5
0
2021 2020 2019 2018 2017
Analysis:
A good quick ratio is any number greater than 1.0. If your business has a quick ratio of 1.0 or
greater, that typically means your business is healthy and can pay its liabilities.
The quick ratio measures a company’s ability to quickly convert liquid assets into cash to pay for
its short-term financial obligations.
A positive quick ratio can indicate the company’s ability to survive emergencies or other events
that create temporary cash flow problems.
8
So, if we do the comparison of the companies Lucky cement has greater quick ratio and can
easily pay its liabilities and can survive in emergency situations.
To increase the quick ratio bestway and lucky cement has to increase their sales and turnover.
DG khan cement has least quick ratio it is the sign that company is having liquidity issues.
Asset Management Ratios:
Asset management ratios are the key to analyzing how effectively and efficiently your small
business is managing its assets to produce sales.
1. ACP:The average collection period ratio measures the average number of days clients take to
pay their bills, indicating the effectiveness of the business's credit and collection policies.
2021 Bestway Lucky DG Khan

ACP 0.03 0.09 0.18

ACP 0.06 0.14 0.21

ACP 0.05 0.13 0.14

ACP 0.05 0.12 0.15

ACP 0.04 0.10 0.06
9
Asset Management Ratio
0.25
0.2
0.15
0.1
0.05
0
2021 2020 2019 2018 2017
Analysis:
A high Asset Management Ratio is always preferable and that indicates that the company is
efficiently using its assets to generate sales. This ratio above 1 claims, that the proportion of sales
is higher than the total quantum of assets deployed and the company is productive.
So, as we do the comparison of the companies DG Khan Cement has highest asset management
ratio and it is efficiently using its assets.
As, Bestway company has least asset management ratio so, it means that company is not using its
resources productively and may be experiencing internal struggles.
To increase asset management Ratio Company has to improve its revenue and improve
efficiency and the company have to sell its assets.
2. Total Asset Turnover:
Asset turnover ratio is the ratio between the value of a company's sales or revenues and the value
of its assets. It is an indicator of the efficiency with which a company is deploying its assets to
produce the revenue.
Thus, asset turnover ratio can be a determinant of a company's performance.

TAT 0.57 0.56 0.32
10
TAT 0.38 0.42 0.28

TAT 0.57 0.47 0.31

TAT 0.55 0.58 0.26

TAT 0.63 0.61 0.30
Total Asset Turnover

0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2021 2020 2019 2018 2017
Analysis:
A ratio of value 0.25 to 0.5 is considered as a 'good' total turnover asset.

So, as we do the comparison of all companies Lucky cement has highest total asset turnover and
it means that company is using its assets effectively.
DG Khan Cement has least total asset turnover it means that company is not using assets
effectively
Company can increase its total asset turnover by increasing revenue and selling assets and then
improving inventory management.
11
3. Inventory turnover:
The inventory turnover ratio is the number of times a company has sold and replenished its
inventory over a specific amount of time.

Inventory Turnover 3.7 3.2 2.39




12
Inventory Turnover
5
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
2021 2020 2019 2018 2017

Analysis:
For most industries, the ideal inventory turnover ratio will be between 5 and 10, meaning the
company will sell and restock inventory roughly every one to two months.
So, as we do the comparison of the companies Best way is the only company which has better
inventory turnover but not has best ratio like between 5 and 10. It means that bestway restock
their inventory at better cost in comparison with other companies.
DG Khan Cement has least inventory turnover it means that it has poor inventory management
policies and procedures.
Companies can improve their inventory turnover by smart pricing strategy, effective marketing
and effective restocking.
4. Fixed asset turnover:
Fixed-asset turnover is the ratio of sales to the value of fixed assets. It indicates how well the
business is using its fixed assets to generate sales.

FAT 1.03 0.95 0.54

FAT 0.66 0.64 0.47
13
FAT 0.936 0.79 0.51

FAT 0.94 1.32 0.41

FAT 1.15 1.46 0.48
Fixed Asset turnover

1.6
1.4
1.2
0.8
0.6
0.4
0.2
0
2021 2020 2019 2018 2017
Analysis:
An asset turnover ratio of 2.5 or more could be considered good, while a company in the utilities
sector is more likely to aim for an asset turnover ratio that's between 0.25 and 0.5.
All of the three companies have ratio greater than 2.5 it means that they all are generating net
sales efficiently.
In comparison of these three DG khan cement has least fixed asset turnover ratio it means that
they are somewhat underperforming in sales.
Debt Management Ratios:
14
It is a financial ratio that indicates the percentage of a company's assets that are provided via
debt.
1. Debt to equity ratio:

The debt-to-equity ratio is a financial ratio indicating the relative proportion of shareholders'
equity and debt used to finance a company's assets.

Debt to equity 0.19 0.08 0.26


Debt to equity - 0.02 0.23


15
Debt to equity
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2021 2020 2019 2018 2017
Analysis:
The maximum acceptable debt-to-equity ratio for more companies is between 1.5-2 and less.
Large companies having a value higher than 2 of the debt-to-equity ratio is acceptable.
In comparison of these companies no one has ratio between 1.2 to 2 but still DG khan cement
has highest debt to equity ratio which means that company is may be in financial distress.
Lucky cement has lowest debt to equity ratio which means it is over relying on equity to finance
their business.
2. Times Interest earned:

The times interest earned (TIE) ratio is a measure of a company's ability to meet its debt
obligations based on its current income.

TIE 13.6 19.9 1.89

TIE 0.11 2.76 0.11
16
TIE 8.87 9.32 0.97

TIE 25.0 22.5 13.7

TIE - 33.6 -
TIE
40
35
30
25
20
15
10
0
2021 2020 2019 2018 2017
Analysis:
From an investor or creditor's perspective, an organization that has times interest earned
ratio greater than 2.5 is considered an acceptable risk. Companies that have a times interest
earned ratio of less than 2.5 are considered a much higher risk for bankruptcy or default.
So, if we do the comparison lucky cement has times interest earned ratio greater than 2.5 which
means it has an acceptable risk.
Whereas lucky cement has more risk because it has ratio less than 2.5. They can increase their
ratio by improving revenue.
3. Cash Coverage ratio:
The cash coverage ratio is useful for determining the amount of cash available to pay for a
borrower's interest expense, and is expressed as a ratio of the cash available to the amount of
17
interest to be paid. To show a sufficient ability to pay, the ratio should be substantially greater
than 1:1.

Cash Coverage 16.3 25.6 3.11




18
Cash coverage
45
40
35
30
25
20
15
10
0
2021 2020 2019 2018 2017
Analysis:
In general, a cash ratio equal to or greater than 1 indicates a company has enough cash and cash
equivalents to entirely pay off all short-term debts. A ratio above 1 is generally favored, while a
ratio under 0.5 is considered risky as the entity has twice as much short-term debt compared to
cash.
All of three companies have ratio greater than 1 which shows all the three companies have
enough cash to pay off their all debts.
Whereas Bestway has highest ratio in comparison of all three companies.
4. Fixed Charge Coverage ratio:
The fixed-charge coverage ratio (FCCR) measures a firm's ability to cover its fixed charges, such
as debt payments, interest expense, and equipment lease expense. It shows how well a company's
earnings can cover its fixed expenses. Banks will often look at this ratio when evaluating
whether to lend money to a business.

FCCR 1.92 4.67 1.82

FCCR 74.0 1.59 0.15
19
FCCR 1.88 1.55 0.97

FCCR 2.01 5.76 12.48

FCCR 0.95 7.26 0.13
Fixed Charge Coverage

80
70
60
50
40
30
20
10
0
2021 2020 2019 2018 2017
Analysis:
Higher fixed cost ratios indicate that a business is healthy and further investment or loans are less
risky. Lower ratios indicate weakness and an income insufficient to meet the business' monthly
bills. Obviously, the higher the ratio, the better.
In comparison of the companies lucky cement has higher fixed ratio which means that business
is healthy.
Whereas, DG khan cement has lowest fixed ratio that they have not sufficient income to meet
business monthly bills they can increase their ratio by decreasing operating expenses and
increasing net operating income.
Profitability Ratios:
Profitability ratios are financial metrics used to assess a business's ability to generate profit
relative to items such as its revenue or assets.
20
1. Return on Sales:
Return on sales (ROS) is a ratio used to evaluate a company's operational efficiency. This
measure provides insight into how much profit is being produced per dollar of sales.

ROS 0.20 0.11 0.08

ROS 0.003 0.04 0.05

ROS 0.18 0.10 0.04

ROS 0.24 0.15 0.26

ROS 0.25 0.18 0.23
ROS
0.3
0.25
0.2
0.15
0.1
0.05
0
2021 2020 2019 2018 2017
21
Analysis:
For most companies, a ROS between 5% and 10% is excellent. This may not seem like much,
however, if your business is heading into financial trouble, this number would be in the negative.
In comparison of these companies Lucky cement has highest return on sales ration which means
that they can efficiently transform their sales into profits.
DG Khan Cement has lowest they can increase the ratio by increasing revenue and decreasing
expenses.
2. Return on equity:
The Return on Equity ratio essentially measures the rate of return that the owners of common
stock of a company receive on their shareholdings. Return on equity signifies how good the
company is in generating returns on the investment it received from its shareholders.

ROE 0.19 0.16 7.43

ROE 0.08 0.05 13.2

ROE 0.17 0.10 16.02

ROE 0.24 0.15 3.29

ROE 0.27 0.18 3.70
22
ROE
18
16
14
12
10
0
2021 2020 2019 2018 2017
Analysis:
ROEs of 15–20% are generally considered good. ROE is also a factor in stock valuation, in
association with other financial ratios.
DG Khan Cement company have highest Return on equity ratio which means it is more effective
at generating profit with existing assets.
3. Return on Assets:
The term return on assets (ROA) refers to a financial ratio that indicates how profitable a
company is in relation to its total assets.

ROA 0.117 0.06 0.02

ROA 0.05 0.02 0.01
23
ROA 0.10 0.04 0.01

ROA 0.13 0.08 0.06

ROA 0.16 0.11 0.07
ROA
0.18
0.16
0.14
0.12
0.1
0.08
0.06
0.04
0.02
0
2021 2020 2019 2018 2017
Bestway Lucky DG khan
Analysis:
In comparison of these companies best way cement has highest return on asset ratio which they
are more effective at generating profit from existing assets.
DG khan has lowest ratio which means that they have over invest in assets.
Price Earnings Ratio:
The price-to-earnings ratio is the ratio for valuing a company that measures its current

share price relative to its earnings per share (EPS).
24
2021 Bestway Lucky DG khan
PE Ratio 6.71 6.53 7.43

PE Ratio 16.7 24.30 13.2

PE Ratio 7.70 13.1 16.02

PE Ratio 5.91 10.07 3.29

PE Ratio 5.85 9.09 3.70
Price Earnings
30
25
20
15
10
0
2021 2020 2019 2018 2017
Analysis:
A “good” P/E ratio isn't necessarily a high ratio or a low ratio on its own. The market average
P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while
a lower PE ratio could be considered better.
So, in comparison bestway has highest Price earnings ratio.
25
Common Size Statement Analysis
Common size statements (2021)

Sales 56864 % 207,159 % 49,075 %
Cogs 41,132 72.3 162,535 78.45 40,440 82.40
Gross margin 15,732 27.6 44,623 21.54 8,635 17.60
Expenses 940 1.65 14,513 7.005 2,629 5.35
EBIT 14,603 25.6 29,472 14.22 5,891 12.004
Interest 1,071 1.88 1,481 0.71 3,115 6.34
Income tax 3,960 6.96 4,773 2.30 1,414 2.88
Net income 11,578 20.36 22,858 11.03 3,926 8
 In 2021, lucky cement company had the most cost of goods sold as compared to other
companies due to rising prices for supplies.
 Lucky Cement Company had the highest expense as compared to Bestway and DG khan
because lucky cement company had the most sales or revenue.
 DG khan Cement Company paid the highest interest than other companies.
 As lucky cement company had the most revenues and they also increased the prices,
therefore, this company had the highest income than other companies.
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Common size statement (2020)

Sales 37,129 % 123,768 % 41,593 %
Cogs 36,171 97.47 106,137 85.75 39,728 95.51
Gross margin 958 2.58 17,630 14.24 1,865 4.48
Expenses 1,211 3.26 10,821 8.74 2,438 5.86
EBIT (252) 0.678 6,596 5.32 (577) 1.38
Interest 2,152 5.79 2,382 1.92 5,103 12.26
Income tax (556) 1.49 1,614 1.30 (1,576) 3.78
Net income 49 0.1319 6,132 4.95 (2,211) 5.31
 In 2020, lucky cement company had the highest expenses and revenues as compared to
DG khan and Bestway cement company.
 The earnings before interest and tax of Bestway and DG khan are negative because of an
economic loss, Covid or there was a failure in investment as the total amount received
was less than the capital invested.
 Bestway and DG khan shows the negative income tax which means they have suffered
from losses and therefore the cash was given by the government due to the low earnings,
below a certain threshold.
 DG khan has a loss and not a profit because its expenses were higher than the revenues.
Bestway and lucky cement co. had a profit over a given accounting period.
27

Sales 53,602 % 108,296 % 43,627 %
Cogs 38,340 71.52 86,034 79.44 38,148 87.44
Gross margin 15,262 28.47 22,262 20.55 5,479 12.55
Expenses 1,787 3.33 8,182 7.55 1,959 4.49
EBIT 13,294 24.80 13,744 12.69 3,520 8.06
Interest 1,498 2.79 1,474 1.36 3,610 8.27
Income tax 3,148 5.87 2,811 2.59 415 0.95
Net income 10,097 18.83 11,328 10.46 1,823 4.17
 In 2019, we can see that lucky invested 7.55% more than the two other companies.
 DG khan paid more interest 8.27 to the shareholders which were the highest as compared
to Bestway and lucky cement company.
 The net income shows the health of the companies’ core operating areas.
28

Sales 52,884 % 97,542 % 33,465 %
Cogs 36,125 68.30 73,430 75.28 25,134 75.10
Gross margin 16,759 31.69 24,112 24.71 8,331 24.89
Expenses 2,185 4.13 7,129 7.30 1,699 5.07
EBIT 15,023 28.40 16,989 17.41 7,902 23.61
Interest 600 1.13 755 0.77 575 1.71
Income tax 1,807 3.41 3,700 3.79 (1,624) 4.85
Net income 13,158 24.88 14,820 15.19 8,870 26.50
 This year, the company which invested the most is lucky cement company, research
development, and advertising.
 The companies also paid interest to shareholders which is 1.13 for Bestway, 0.77 for
lucky, and DG khan 1.71.
 The net operating income of DG khan is less compared to other companies due to fewer
sales.
29

Sales 51,623 % 87,383 % 32,474 %
Cogs 31,760 61.52 60,304 69.01 21,056 64.83
Gross margin 19,863 38.47 27,079 30.98 11,419 35.16
Expenses 2,223 4.30 6,012 6.88 1,705 5.25
EBIT - - 21,003 24.03 - -
Interest 831 16.09 624 0.71 406 1.25
Income tax 5,372 10.40 6,240 7.14 3,272 10.07
Net income 13,293 25.75 16,227 18.56 7,891 24.30
 Lucky Cement Company invested 6.88% in the company which was a higher expense
than other companies.
 There were no earnings before interest and tax in Bestway and DG khan because they
might have gone to a considerable amount of trouble to gain a long-term advantage. The
EBIT in lucky cement company was 24.03%.
 All 3 companies had gained profit this year but the Lucky Company got the highest
income compared to Bestway and DG khan.
30
Common Size Balance Sheet Analysis
Common size balance sheet 2021

2021 BESTWAY LUCKY CEMENT DG KHAN
ASSETS
CURRENT ASSETS
Total cash 710 13377 1912
Receivable 1776 19573 8848
inventories 10974 50719 16872
Income taxes 3960 4773 1414
Prepaid expenses 18 641 8
Other current assets 5159 709 280
Total current assets 21710 110665 40858
NONCURRENT ASSETS
Property, plant, 55007 215959 89462
equipment
Accumulated 22384 53737 37580
depreciation
Net property 5759 22980 13091
Equity 60123 157026 75876
Good will 7062 2340 -
Intangible assets 7578 7024 -
Deferred income 11408 9902 3784
Other long term asset 77391 269696 127042
Total noncurrent asset 14482 252881 111648
Total assets 98948 363546 152506
LIAIBLITIES
CURRENT LIABILITY
Short term debt 1652 11949 20940
Account payable 3735 14976 6923
Taxes payable 1990 53 34
Accrued liability 787 1397 438
Total current liability 15344 90848 43177
NONCURRENTLIABILITY
Long term debt 11872 93730 19821
Total noncurrent 23346 113723 32789
liability
Total liability 38690 204571 75966
SHAREHOLDER
EQUITY
Common stock 5963 3234 4381
Retained earnings 43491 36206 39089
Accumulated other 2527 3692 -
income
31
Total equity 60123 157026 75876
Total equity and liability 98948 363546 152506
Annual Turnover 2021:

Total assets 3.02% 23.97% 6.23%
Total liability 39.10% 56.27% 49.81%
Total equity 60.76% 37.31% 48.32%
Common Size Balance Sheet 2020:

ASSETS
CURRENT ASSETS
Total cash 348 15732 689
Receivable 2589 18286 9003
inventories 9458 31093 14051
NONCURRENT ASSETS
Property, plant, 55789 191107 88056
equipment
Accumulated 19736 46315 33794
depreciation
Net property 5956 21334 12985
Equity 54563 131487 68674
Good will 7062 2340 -
Total assets 96051 293256 143563
LIABILITIES
CURRENT LIABILITY
Short term debt 10711 12830 25850
NONCURRENTLIABILITY
Long term debt 11542 82778 22679
32
liability
SHAREHOLDER
EQUITY
income
Total equity 54653 131487 68674

Total Assets 3.30% 28.65% 3.73%
Total liability 43.10% 55.16% 52.16%
Total Equity 56.90% 38.80% 46.43%

ASSETS
CURRENT ASSETS
Total cash 463 18270 1050
Receivable 2756 15124 6370
inventories 8595 28267 15096
NONCURRENT ASSETS
Property, plant, 57242 135476 84664
equipment
Accumulated 16890 38928 29874
depreciation
Net property 5785 20961 7765
Equity 57606 125270 73039
Good will 7062 2340 -
33
asset
Total assets 92982 227943 138398
LIABILITIES
CURRENT LIABILITY
Short term debt 10835 12161 22938
NONCURRENT
LIABILITY
Long term debt - 32772 16659
liability
SHAREHOLDER EQUITY
income
Total equity 57606 125270 73039
Total equity and 92982 227943 138398
liability

Total Assets -2.09% 37.29% 9.08%
Total Liability 38.05% 45.04% 47.23%
Total Equity 61.95% 47.83% 51.30%
34

ASSETS
CURRENT ASSETS
Total cash 273 11327 499
Receivable 2963 11731 5179
inventories 12655 21184 8765
NONCURRENT ASSETS
Property, plant, 56086 73865 81219
equipment
Accumulated 14097 33126 26153
depreciation
Net property 5174 19927 10418
Equity 53310 109575 78983
Good will 7062 2340 -
Total assets 94971 166030 126879
LIABILITIES
CURRENT LIABILITY
Accrued liability 755 - 27
NONCURRENTLIABILITY
Long term debt 5500 8790 18330
liability
SHAREHOLDER
EQUITY
income
Total equity 53310 109575 78983
35

Total Assets 16.15% 17.16% 14.13%
Total Liabilities 43.87% 34.00% 37.75%
Total Equity 56.13% 58.51% 60.68%

ASSETS
CURRENT ASSETS
Total cash 190 850 451
Receivable 2177 9084 2197
inventories 11101 13629 6983
NONCURRENT ASSETS
Property, plant, 44732 59601 66402
equipment
Accumulated 12080 27868 22446
depreciation
Net property 3265 17929 4647
Equity 47769 96206 76665
Good will 7062 2340 -
Total assets 81765 141707 111175
LIAILITIES -
CURRENT LIABILITY -
Accrued liability 1072 - 24
NONCURRENTLIABILITY
Long term debt 10000 8826 12548
36
liability
SHAREHOLDER
EQUITY
income
Total equity 47769 92206 76665

Total Assets - - -
Total Liability 41.58% 32.11% 31.04%
Total Equity 58.42% 61.37% 67.19%
37

Final Project Fundamentals of Finance: Bestway Cement Lucky Cement DG Khan Cement

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Final Project Fundamentals of Finance: Bestway Cement Lucky Cement DG Khan Cement

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Final Project

Bestway cement Lucky Cement DG khan Cement

To produce high quality cement at the lowest cost.

We strive to be a growth oriented company by identifying opportunities, making the right

2020 Bestway Cement Lucky Cement DG khan Cement

2019 Bestway Cement Lucky Cement DGKhan Cement

2018 Bestway Cement Lucky Cement DG Khan Cement

2017 Bestway Cement Lucky Cement DG khan Cement

Bestway Lucky DG Khan

2020 Bestway Cement Lucky Cement DG khan Cement

2019 Bestway Cement Lucky Cement DG Khan Cement

2017 Bestway Cement Lucky Cement DG Khan Cement

Bestway Lucky DG Khan

Asset Management Ratios:

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

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Bestway Lucky DG Khan

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Total Asset Turnover

Bestway Lucky DG Khan

A ratio of value 0.25 to 0.5 is considered as a 'good' total turnover asset.

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

2019 Bestway Lucky DG Khan

2018 Bestway Lucky DG Khan

2017 Bestway Lucky DG Khan

Bestway Lucky DG Khan

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

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Fixed Asset turnover

Bestway Lucky DG Khan

Debt Management Ratios:

1. Debt to equity ratio:

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

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2018 Bestway Lucky DG Khan

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Bestway Lucky DG Khan

2. Times Interest earned:

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

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2017 Bestway Lucky DG Khan

Bestway Lucky DG Khan

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

2019 Bestway Lucky DG Khan

2018 Bestway Lucky DG Khan

2017 Bestway Lucky DG Khan

Bestway Lucky DG Khan

2021 Bestway Lucky DG Khan

2020 Bestway Lucky DG Khan

2018 Bestway Lucky DG Khan

2017 Bestway Lucky DG Khan