Current Ratio = Current Assets / Current Libialities

2018 (In mill. €) 2019 (In mill. €)

Current Ratio TUI IAG TUI
Current Assets 4,940 10093 4313.5
Current Libialities 6858 11050 6540.4
Current Ratio (:1) 0.72 0.91 0.66
0.72:1 0.91:1 0.66:1

Quick Ratio = (Current Assets-inventories) / current libialities

2018 (In mill. €) 2019 (In mill. €)
Quick Ratio TUI IAG TUI
Current Assets 4,940 10093 4313.5
Inventory 114.7 509 118.5
Current Libialities 6858 11050 6540
Quick Ratio (:1) 0.70 0.87 0.64
0.70:1 0.87:1 0.64:1

2018 (In mill. €) 2019 (In mill. €)

Inventory Turnover Days TUI IAG TUI
inventory 114.7 509 118.5
cost of sales 16465.8 18881.5 17257.5
Inventory Turnover Days 2.54 9.84 2.51
 2019 (In mill. €)
IAG
11327
12748
0.89
0.89:1

s) / current libialities
2019 (In mill. €)
IAG
11327
565
12748
0.84
0.84:1

2019 (In mill. €)

IAG
565
17734.2
11.63
 Gross profit margin =( Gross Profit/Total sales) *100%
2018 (In mill. €) 2019 (In mill. €)
Gross Profit Margin TUI IAG TUI
Gross Profit 2003 5727 1671
Total Sales 18,382 24,142 18,823
Gross Profit margin (%) 10.90 23.72 8.88

Operating Profit Margin = (Operating Profit/Total Sales)*100%

2018 (In mill. €) 2019 (In mill. €)
Operating Profit Margin TUI IAG TUI
Operating Profit 708 3678 452
Total Sales 18,382 24,142 18,823
Operating Profit Margin (%) 3.85 15.23 2.40

Expense:Sales Ratio = (Expenses/Total Sales)*100%

2018 (In mill. €) 2019 (In mill. €)
Expenses:Sales Ratio TUI IAG TUI
Expenses 17761 20,507 18476
Total Sales 18,382 24,142 18,823
Expenses:Sales Ratio (%) 96.6 84.9 98.2

Use of Assets = Total Sales/Net Sales

2018 (In mill. €) 2019 (In mill. €)
Use of Assets TUI IAG TUI
Total Sales 18,382 24,142 18,823
Net Assets 4276 6720 4166
Use of Assets 4.30 3.59 4.52
0%
2019 (In mill. €)
IAG
4455
25,171
17.70

*100%
2019 (In mill. €)
IAG
2613
25,171
10.38

%
2019 (In mill. €)
IAG
22,900
25,171
91.0

2019 (In mill. €)

IAG
25,171
6826
3.69
 Asset Turnover= Net sales / Average Assets
2018 (In mill. €) 2019 (In mill. €)
Asset Turnover TUI IAG TUI
Net sales 18468 24258 18928
Average Assets 14899 27635 15941
Asset Turnover 1.24 0.88 1.19

ROCE= Earning before interest and tax/ (Total Assets - Current Liabilities) *100
2018 (In mill. €) 2019 (In mill. €)
Return on Capital Employed TUI IAG TUI
Earning before interest and Tax 1054.5 2275 768.4
Total Assets 15612 28034 16271
Current Liabilities 6857.6 11050 6540.4
Return on Capital Employed (%) 12.05 13.39 7.90

Return on Equity= Net Income / Shareholder's Equity

2018 (In mill. €) 2019 (In mill. €)
Return on Equity TUI IAG TUI
Net Income 733 1715 416
Shareholder's Equity 3648 2714 3438
Return on Equity 0.20 0.63 0.12

Return on assets= (Net Income/Total Assets)*100

2018 (In mill. €) 2019 (In mill. €)
Return on Assets TUI IAG TUI
Net Income 733 1715 416
Total Assets 15612 28034 16271
Return on Assets (%) 4.70 6.12 2.56
es / Average Assets
2019 (In mill. €)
IAG
25506
31848
0.80

Assets - Current Liabilities) *100

2019 (In mill. €)
IAG
2947
35661
12748
12.86

Income / Shareholder's Equity

2019 (In mill. €)
IAG
2387
6823
0.35

e/Total Assets)*100
2019 (In mill. €)
IAG
2387
35661
6.69
 EPS= Profit after Tax/ No.of ordinary shares
2018 2019
Earning Per Share (EPS) TUI IAG TUI IAG
Profit after tax 774.9 2897 532.1 1715
No. of Ordinary Share 429 2099 1091 2018
Earning Per Share (EPS) 1.81 1.38 0.49 0.85

Earning Yield= (EPS/ Per share market price)*100%

2018 2019
Earning Yield TUI IAG TUI IAG
Earning per share 1.81 1.38 0.49 0.85
Per share market price 704.6 252.14 667.03 223.17
Earning yield (%) 0.26 0.55 0.07 0.38

Price to Earning (PE) ratio= Per share market price / EPS

2018 2019
Price to Earning (PE) ratio TUI IAG TUI IAG
Per share market price 704.6 252.14 667.03 223.17
Earning per share 1.81 1.38 0.49 0.85
Price to Earning (PE) ratio 390 183 1368 263

Divident per share ratio= Total divident paid / No. of Ordinary Shares
2018 2019
Divident per share ratio TUI IAG TUI IAG
Total divident paid 0 0 0 0
No. of Ordinary Share 429 2099 1091 2018
Divident per share ratio 0 0 0 0

Dividend yield ratio= (Dividend paid per share/Per share market price)*100%
2018 2019
Dividend yield ratio TUI IAG TUI IAG
Dividend paid per share 54 14.5 72 14.5
Per share market price 704.6 252.14 667.03 223.17
Dividend yield ratio (%) 7.66 5.75 10.79 6.50

divident cover ratio= earning per share/ divident per share

2018 2019
Dividend Cover ratio TUI IAG TUI IAG
Earning per share 1.81 1.38 0.49 0.85
Divident per share 0.54 0.69 0.72 0.66
Divident cover ratio (%) 3.34 2.00 0.68 1.29
Divident per share ratio 2018 2019
TUI 0 0
IAG 0 0
 Current Ratio 2018 2019 Quick Ratio
TUI 0.72 0.66 TUI
IAG 0.91 0.89 IAG

Comparision of Current Ra- Comparision of Quick Ratios

tios 1.00
0.87
0.90 0.84
1 0.91 0.80
0.89
0.9 0.70
0.70 0.64
0.8 0.72
0.66 0.60

Quick Ratio
0.7
TUI
Current Ratio

0.6 0.50
0.5 IAG
0.40
0.4 0.30
0.3
0.20
0.2
0.1 0.10
0 0.00
2018 2019 2018 2019
Years Years
 2018 2019 Inventory Turnover Days 2018
0.70 0.64 TUI 2.54
0.87 0.84 IAG 9.84

mparision of Quick Ratios Comparision of Inventory

Turnover Days
0.87 0.84 14.00
0.70 12.00 11.63
0.64
9.84

Inventory turnover days

TUI 10.00
IAG TUI
8.00
IAG
6.00

4.00
2.54 2.51
2018 2019 2.00
Years
0.00
2018 2019
Years
 2019
2.51
11.63

Inventory
Days

11.63

TUI
IAG

2.51

2019
 Gross Profit Margin 2018 2019
TUI 10.90 8.88
IAG 23.72 17.70

Comparision Of Gross Profit Margins

25.00 23.72 Comparisi
20.00 17.70 15
Gross Profit Margin

16.00
15.00 14.00

Operating Profit margin

10.90 TUI 12.00
10.00 8.88 IAG 10.00
8.00
5.00 6.00
3.85
4.00
0.00
2018 2019 2.00
0.00
Years 2018
 Operating Profit Margin 2018 2019
TUI 3.85 2.40
IAG 15.23 10.38

Comparision Of Expen
Comparision Of Operating Profit
100.0 98.2
Margins 96.6

16.00 15.23 95.0

Expense to sales ratio

14.00
Operating Profit margin

90.0
12.00 10.38
10.00 TUI
IAG 85.0
8.00
6.00
3.85 80.0
4.00 2.40
2.00
75.0
0.00 TUI
2018 2019
Years
Years
 Expenses:Sales Ratio 2018 2019 Use of Assets
TUI 96.6 98.2 TUI
IAG 84.9 98.2 IAG

Comparision Of Expense:Sales Ratio Comparision for use of

100.0 98.2 98.2 5.00
4.52
96.6 4.50 4.30
95.0 4.00 3.59
Expense to sales ratio

3.50

Use of Assets
90.0 3.00
2018
2.50
84.9 2019
85.0 2.00
1.50
80.0 1.00
0.50
75.0 0.00
TUI IAG TUI IA
Years Years
 2018 2019
4.30 4.52
3.59 3.69

Comparision for use of Assets

4.52
4.30

3.59 3.69

2018
2019

TUI IAG
Years
 Asset Turnover 2018 2019
TUI 1.24 1.19
IAG 0.88 0.80

Comparision of Assets Turnover Ratio Comparison

1.40 E
1.20 16.00
13.39

Return on capital employed

14.00
Assets turnover ratio

1.00 12.05
12.00
0.80 TUI 10.00
0.60 IAG 8.00
6.00
0.40
4.00
0.20 2.00
0.00 0.00
2018 2019 2018

Years
 Return on Capital Employed 2018 2019 Return on Equity
TUI 12.05 7.90 TUI
IAG 13.39 12.86 IAG

Comparison of Return on Capital Comparision of R

Employed 0.70
0.63
16.00
13.39 0.60
Return on capital employed

14.00 12.86
12.05
12.00 0.50

Return on equity
10.00 TUI
7.90 0.40
8.00 IAG
0.30
6.00
0.20
4.00 0.20
2.00 0.10
0.00
2018 2019 0.00
2018
Years
Years
 2018 2019 Return on Assets 2018 2019
0.20 0.12 TUI 4.70 2.56
0.63 0.35 IAG 6.12 6.69

omparision of Return on Equity

Comparison of return on assets
0.63
8.00
7.00 6.69
6.12
6.00

Return on assets
0.35 TUI 5.00 4.70
IAG TUI
4.00
IAG
0.20
3.00 2.56
0.12
2.00
1.00
2018 2019 0.00
2018 2019
Years
Years
urn on assets

6.69

TUI
IAG
2.56

2019
 Price to Earning (PE) ratio 2018 2019
TUI 390 1368
IAG 183 263

Comparision of Price to Earning ratio Comparisi

1600 12.00
1368
1400
10.00
Price to earning ratio

1200

Dividend yield ratio

1000 8.00 7.66
TUI
800
IAG 6.00
600
390
400 263 4.00
183
200
2.00
0
2018 2019 0.00
Years 2

Earning Yield 2018 2019

TUI 0.26 0.07
IAG 0.55 0.38

Comparision of Earning Yield

Comparisi
0.60 0.55
4.00
0.50 3.34
3.50
0.40 0.38
3.00
Dividend cover ratio
Yield Ratio

TUI
0.30 0.26 2.50
IAG
0.20 2.00
1.50
0.10 0.07
1.00
0.00
2018 2019 0.50
Years 0.00
20
Dividend yield ratio 2018 2019
TUI 7.66 10.79
IAG 5.75 6.50

Comparision of Dividend yield ratio Comparision E

12.00 2.00 1.81
10.79
1.80
10.00 1.60
1.38
1.40
Dividend yield ratio

Earning per share

8.00 7.66
6.50 1.20
5.75 TUI 1.00
6.00
IAG 0.80
4.00 0.60
0.40
2.00 0.20
0.00
0.00 2018
2018 2019
Years

Dividend Cover ratio 2018 2019

TUI 3.34 0.68
IAG 2.00 1.29

Comparision of dividend cover ratio

4.00
3.50 3.34

3.00
Dividend cover ratio

2.50
2.00 TUI
2.00
IAG
1.50 1.29
1.00 0.68
0.50
0.00
2018 2019
Years
Earning Per Share (EPS) 2018 2019
TUI 1.81 0.49
IAG 1.38 0.85

Comparision Earning Per Share

2.00 1.81
1.80
1.60
1.38
1.40
Earning per share

1.20
TUI
1.00 0.85 IAG
0.80
0.60 0.49
0.40
0.20
0.00
2018 2019
Years