Evince Textile Limited

1.Liquidity Ratio
i)Current Ratio=(Current assets/currentLiabilities)
ii)Quick ratio=(Current Assets-inventory)/Current Liabilities

2.Activity Ratios
i) Inventory Turnover=(Cost of goods sold/Inventory)
ii)Average Collection Period=(Account Receivable)/(Sales/365)
iii)Average Payment Period=(Account Payable)/(Sales/365)
iv)Total asset turnover=(Sales/Total Assets)

3.Debt Mnagement Ratio

i)Debt Ratio=(Total Liability/Total Asset)
ii)Times Interest Earned=(EBIT/Interest Charges)
iii)Debt to Equity Ratio=(Total Liabilities/Common Stock equity)
iv) Fixed-Payment Coverage Ratio=(Earning before interest and taxes+Lease Payments)/Interest+Lease payment +{(Principle p
4. Profitability Ratio
i)Gross Profit Margin=( Gross Profit/Sales)
ii)Operating Profit Margin=(Operating Profit/Sales)
iii)Net Profit Margin=(Net Profit/Sales)
iv)Earning Per Share
v) Return on Assets
vi)Return on Equity

c
i)Price Earning Ratio(Market Value per share/Earning per share=2.46)
ii)Market to book value ratio(Market value pr share /Book value per share=10)
 2016-17 2017-2018 2018-2019 2019-2020 2020-2021
2.86 1.27 1.28 1.29 3.87
1.55 2.13 0.73 0.66 0.68

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

5.27 2.38 2.43 3.56 1.38
54 46.16 98.40 84.56 145.35
4.83 1.99 1.21 3.92 8.00
1.76 1.77 0.52 4.03 0.30

2016-2017 2017-2018 18-19 19-20 20-21

0.24 0.16 0.51 0.53
9.99 1.79 1.21 1.17
0.323 0.931 1.063 1.133
ment +{(Principle payments+ Preferred stock dividends)*[1/(1-T]}
2016-2017 2017-2018 2018-2019 2019-2020 20-21
20.59% 9.74% 18.22% 17.48% 15.85%
5.85% 13.47% 10.70% 9.90%
4.09%
1.23 2.860 1.070 0.020 0.140
0.083 0.079 0.036 0.007 -0.085

10
 2016-2017
i)Current Ratio=(Current assets/current Liabilities)
ii)Quick ratio=(Current Assets-inventory)/Current Liabilities

2.Asset Management Ratio

i) Inventory Turnover=(Cost of goods sold/Inventory)
ii)Average Collection Period=(Account Receivable)/(Sales/365)
iii)Average Payment Period=(Account Payable)/(Sales/365)
iv)Total asset turnover=(Sales/Total Assets)

3.Debt Mnagement Ratio

i)Debt Ratio=(Total Liability/Total Asset)
ii)Times Interest Earned=(EBIT/Interest Charges)
iii)Debt to Equity Ratio=(Total Liabilities/Common Stock equity)
iv) Fixed-Payment Coverage Ratio=(Earning before interest and taxes+Lease Payments)/Interest+Lease payment +{(

4. Profitability Ratio
i)Gross Profit Margin=( Gross Profit/Sales)
ii)Operating Profit Margin=(Operating Profit/Sales)
iii)Net Profit Margin=(Net Profit/Sales)
iv)Earning Per Share
v) Return on Assets=(Earning available for common stockholders)/Total Assests
vi)Return on Equity

5. Market Value Ratio

i)Price Earning Ratio(Market Value per share/Earning per share)
ii)Market to book value ratio(Market value per share /Book value per share)
 Hwa Well Textile
2016-20172017-20182018-20192019-20202020-2021
61 34.7 36.3 41.3 36
4.26 7.44 3.97 3.71 5.3

2016-2017 2017-2018 2018-2019

34.73 8.76 5.87 5.37 6.41 14.2 13.48 15.2
2.74 3.65 6.09 10.41 9.49
35.34 51.89 34.8 11.51 33.89
0.66 0.65 0.69 0.65 0.67

14.51% 16.59% 15.61% 9.80% 15.86%

61 times 34.7 times 36.3 times 41.3 times 36 times
16.97% 19.90% 18.50% 10.80% 18.85%
ments)/Interest+Lease payment +{(Principle payments+ Preferred stock dividends)*[1/(1-T]}

2016-2017 2017-2018
13.81% 13.84% 14.45% 14.08% 14.83% 1.27
9.54% 9.49% 10.37% 9.69% 10.93% 5.45 4.2
9.74% 10.12% 10.41% 10.57% 11.92% 1.17 1.18
2.1 2.27 2.53 2.31 3.01 1.4
6.38% 6.53% 7.15% 6.84% 8.03% 1.14 1.06
7.46% 7.83% 8.48% 7.58% 9.54%

14.2 13.48 15.2 17.52 14.26

2019-2020 2020-2021
17.52 14.26

2018-2019 2019-2020 2020-2021

1.28 1.29 3.87
4.79 9.1 4.96
1.25 0.85 0.96
1.48 1.34 1.42
1.05 1.09 1.31

Chart Title
20
18
16 17.52

14 15.2
14.2 14.26
12 13.48

10
8
6
4
2
0
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Current Ratio=(Current assets/current Liabilities)
ii)Quick ratio=(Current Assets-inventory)/Current Liabilities

2.Asset Management Ratio

i) Inventory Turnover=(Cost of goods sold/Inventory)
ii)Average Collection Period=(Account Receivable)/(Sales/365)
iii)Average Payment Period=(Account Payable)/(Sales/365)
iv)Total asset turnover=(Sales/Total Assets)

3.Debt Mnagement Ratio

i)Debt Ratio=(Total Liability/Total Asset)
ii)Times Interest Earned=(EBIT/Interest Charges)
iii)Debt to Equity Ratio=(Total Liabilities/Common Stock equity)
iv) Fixed-Payment Coverage Ratio=(Earning before interest and taxes+Lease Payments)/Interest+Lease payment +{(

4. Profitability Ratio
i)Gross Profit Margin=( Gross Profit/Sales)
ii)Operating Profit Margin=(Operating Profit/Sales)
iii)Net Profit Margin=(Net Profit/Sales)
iv)Earning Per Share
v) Return on Assets=(Earning available for common stockholders)/Total Assests
vi)Return on Equity

c
i)Price Earning Ratio(Market Value per share/Earning per share=2.46)
ii)Market to book value ratio(Market value pr share /Book value per share=10)
 2021 2020 2019 2018 2017
1.17 1.18 1.25 0.85 0.96
0.667 0.653 0.806 0.5268 0.6

4 3.17 5.15 5.3 4.45

0 5 8.7 13.6 21
65 80 99 116 130
0.8 0.62 0.84 1.24 1.08
3.06
3.17
0.7 0.7 0.6 0.76 0.75 1.5 0.75
2 times 1.9 times 2.17 times 2.25 0.76
2.9 2.25 1.5 3.17 3.06 2.9 0.6
nts)/Interest+Lease payment +{(Principle payments+ Preferred stock dividends)*[1/(1-T]} 0.7
0.7

14.66% 14.42% 14.22% 14.17% 14.70%

3.55% 2.27% 2.91% 3.28% 3.44% 3.55% 2.27%
2.43% 1.27% 2.07% 2.12% 2.21%
2.89 1.11 1.91 1.7 1.43
1.94% 0.79% 1.74% 2.65% 2.40%
 14.7
14.17
14.22
14.42
14.66

2.17 1.4
1.9
1.17 1.18
2 1.2

1
Current Ratio=(Current
0.8

0.6
2.91% 3.28% 3.44%
0.4

0.2

0
2021 2020
 1.25
1.17 1.18

0.96
Current Ratio=(Current assets/current Liabilities)
0.85

2021 2020 2019 2018 2017

 1.Liquidity Ratio 2021 2020 2019 2018
Current Ratio=(Current assets/current Liabilities) 1.14 1.06 1.05 1.09
ii)Quick ratio=(Current Assets-inventory)/Current Liabilities 0.37 0.31 0.24 0.3

2.Activity Ratios
i) Inventory Turnover=(Cost of goods sold/Inventory) 1.42 1.65 2.04 1.89
ii)Average Collection Period=(Account Receivable)/(Sales/365) 7.53 9.96 14.252 5.55
iii)Average Collection Period=(Account Payable)/(Sales/365) 16.75 10.62 21.6 7.7
iv)Total asset turnover=(Sales/Total Assets) 0.51 0.6 0.73 0.63

3.Debt Mnagement Ratio

i)Debt Ratio=(Total Liability/Total Asset) 61 0.6 0.64 0.61
ii)Times Interest Earned=(EBIT/Interest Charges) 2.49 2.52 2.48 2.95
iii)Debt to Equity Ratio=(Total Liabilities/Common Stock equity) 1.59 1.48 1.74 1.74
iv) Fixed-Payment Coverage Ratio=(Earning before interest and taxes 2.49 2.52 2.48 2.95
4. Profitability Ratio
i)Gross Profit Margin=( Gross Profit/Sales) 15.41 15.45 15.07 16.59
ii)Operating Profit Margin=(Operating Profit/Sales) 10.65 10.7 10.32 11.59
iii)Net Profit Margin=(Net Profit/Sales) 13.18 12.78 7.25 6.74
iv)Earning Per Share 4.27 4.46 3.04 2.15
v) Return on Assets 6.04 7.4 4.99 3.78
vi)Return on Equity 15.67 18.39 13.7 10.35

c
i)Price Earning Ratio(Market Value per share/Earning per share=2.46)
ii)Market to book value ratio(Market value pr share /Book value per share=10)
2017
1.31 0.96
0.5 16.82 0.56 1.74
16.59 0.61 1.74
15.07 0.64 1.48
15.45 0.6 1.59
1.96 15.41 0.61
3.15
3.63
0.64
1.4 1.31

0.56 1.2 1.14 Current Ratio=(Current assets/current Liabilities)

1.06 1.09
1.05
3.24
1
0.96
3.24 0.8

0.6
16.82
11.06 0.4
6.71
0.2
1.92
4.63 0
2021 2020 2019 2018 2017
9.11
 Square Envoy
Year Net Revenue Cost Per Unit Net Revnue
2017-2018 348,045,000 250.01 289,968,605.00
2018-2019 435,911,000 238.43 287,038,404.00
2019-2020 90,140,000 229.46 652,781,750.00
2020-2021 733,098,000 243.46 357,481,310.00

Year Average Cost Per Unit

2018 1515.95
2019 1531.1095
2020
2021
 HR
Cost Per Unit Net Revenue Cost Per Unit
140.87 64,886,486
142.74 65,550,890
159.59 44,737,981 450.242010878623
161.61 101,880,000 521.398163383263

ost Per Unit

3.895

15.1595
 Quick ratio Evince Tex
Evince Tex Hwa Well H R Tex Paramount Tex 2017 1
2017 4.26 0.6 0.5 2018 1.27
2018 2.13 7.44 0.5268 0.3 2019 1.28
2019 0.73 3.97 0.806 0.24 2020 1.29
2020 0.66 3.71 0.653 0.31 2021 3.87
2021 0.68 5.3 0.667 0.37

i) Inventory Turnover=(Cost of goods sold/Inventory) ii)Average Collection Period=(Account

Evince Tex Hwa Well H R Tex Paramount Tex Evince Tex
2017 34.73 4.45 1.96 2017
2018 2.38 8.76 5.3 1.89 2018 46.1566
2019 2.43 5.87 5.15 2.04 2019 98.398068
2020 3.56 5.37 3.17 1.65 2020 84.56237
2021 1.38 6.41 4 1.42 2021 145.3479

iv)Total asset turnover=(Sales/Total Assets iii)Average Payment Period=(Account Payable

Evince Tex Hwa Well H R Tex Paramount Tex Evince Tex
2017 0.66 1.08 0.64 2017
2018 1.77 0.65 1.24 0.63 2018 1.98636
2019 0.52 0.69 0.84 0.73 2019 1.2116876
2020 4.03 0.65 0.62 0.6 2020 3.923021537
2021 0.30 0.67 0.8 0.51 2021 7.99629
 Current Ratio
Hwa Well H R TexParamount Tex i)Debt Ratio=(Total Liability/Total Asset)
5.45 0.96 1.31 Evince Tex Hwa Well H R TexParamount Tex
4.2 0.85 1.09 2017 14.51% 0.75 0.56
4.79 1.25 1.05 2018 24.41% 16.59% 0.76 0.61
9.1 1.18 1.06 2019 16.38% 15.61% 0.6 0.64
4.96 1.17 1.14 2020 51.39% 9.80% 0.7 0.6
2021 53.11% 15.86% 0.7 0.61

ection Period=(Account Receivable)/(Sales/365) ii)Times Interest Earned=(EBIT/Interest Charges)

Hwa Well H R TexParamount Tex Evince Tex Hwa Well H R TexParamount Tex
2.74 21 3.15 2017 61 times 3.24
3.65 13.6 5.55 2018 9.99 34.7 times 2.95
6.09 8.7 14.252 2019 1.79 36.3 times 2.17 2.48
10.41 5 9.96 2020 1.21 41.3 times 1.9 2.52
9.49 0 7.53 2021 1.17 36 times 2 2.49

eriod=(Account Payable)/(Sales/365) iii)Debt to Equity Ratio=(Total Liabilities/Common Stock equity)

Hwa Well H R TexParamount Tex Evince Tex Hwa Well H R TexParamount Tex
35.34 130 3.63 2017 16.97% 3.06 0.96
51.89 116 7.7 2018 32.29% 19.90% 3.17 1.74
34.8 99 21.6 2019 93.07% 18.50% 1.5 1.74
11.51 80 10.62 2020 106.35% 10.80% 2.25 1.48
33.89 65 16.75 2021 113.28% 18.85% 2.9 1.59
aramount Tex

aramount Tex

ommon Stock equity)

aramount Tex
iv) Fixed-Payment Coverage Ratio
Evince Tex Hwa Well H R Tex Shaiham Tex
Paramount Tex
2017 3.24
2018 2.95
2019 2.48
2020 2.52
2021 2.49

i)Gross Profit Margin=( Gross Profit/Sales)

Evince Tex Hwa Well H R Tex Shaiham Tex
Paramount Tex
2017 20.59% 13.81 14.7 15.14 16.82
2018 9.74% 13.84% 14.17 12.02 16.59
2019 18.22% 14.45% 14.22 12.86 15.07
2020 17.48% 14.08 14.42 6 15.45
2021 15.85% 14.83 14.66 15.41