Company 's Name: Duc Thanh Joint

2021 2020
BALANCE SHEET
A. ASSETS
I. Cash & cash equivalent 8,499,528,295 896,972,677
Cash 1,499,528,295 896,972,677
Cash Equivalent 7,000,000,000 0
II.Short-term investments 90,900,079,076 171,500,000,000
Hold to maturity investments 90,900,079,076 171,500,000,000
III.Short term receivable 26,529,587,844 41,540,661,053
Short-term receivables from customers 18,273,304,208 34,376,806,758
Short-term prepaid for sellers 4,752,639,903 3,057,924,082
Other short-term receivables 3,503,643,733 4,105,930,213
IV.Inventories 94,354,774,960 71,277,351,429
Inventories 94,354,774,960 71,277,351,429
V.Other current assets 8,226,729,382 10,965,930,167
Short-term prepaid expenses 4,758,567,529 201,434,916
Deductible vat 3,468,161,853 10,764,495,251
Current Assets 228,510,699,557 296,180,915,326
I. Long-term receivables 30,150,000,000 150,000,000
Long-term receivables 30,000,000,000 0
Other long-term receivables 150,000,000 150,000,000
II.Fixed assets 96,812,379,068 98,166,620,671
Tangible fixed assets: 42,234,488,931 41,945,410,408
Historical costs 108,349,009,265 103,312,551,365
Accumulated depreciation 66,114,520,334 61,367,140,957
Intangible fixed assets: 54,577,890,137 56,221,210,263
Historical costs 60,693,114,013 60,693,114,013
Accumulated depreciation 6,115,223,876 4,471,903,750
III. Long-term investments 22,000,000,000 0
Held to maturity investments 22,000,000,000 0
IV. Other long-term assets 3,491,960,906 4,363,798,896
Long-term prepaid expenses 2,874,119,676 3,720,786,231
Deffered income tax 617,841,230 643,012,665
TOTAL ASSETS 380,965,039,531 398,861,334,893

C. LIABILITIES
I. Short-term liabilities
Short-term payables for sellers 14,521,145,769 21,677,039,386
Short-term prepayments from customers 14,627,128,242 8,630,613,296
Taxes and other payables to government budget 4,590,972,411 7,132,697,869
Payables to employees 8,412,910,584 9,269,868,293
Short-term accrued expenses 2,851,556,502 2,947,021,345
Other short-term payments 859,947,956 6,725,291,783
Short-term borrowings 60,794,284,000 62,784,967,500
Bonus and welfare fund 4,612,275,946 4,764,165,436
Short-term liabilities 111,270,221,410 123,931,664,908
II. Long-term liabilities 4,301,927,770 4,395,501,128
Other long-term payables 1,052,500,270 1,010,059,118
Provision for long-term payments 3,249,427,500 3,385,442,010
TOTAL LIABILITIES 115,572,149,180 128,327,166,036

D. SHAREHOLDERS' EQUITY
Ordinary shares with voting rights 179,803,580,000 171,369,680,000
Capital surplus 6,024,317,006 6,039,317,006
Treasury shares 3,496,600,000 2,993,350,000
Development and investment funds 18,669,340,514 18,669,340,514
Undistributed profit after tax (RE) 64,392,252,831 77,449,381,347
Undistributed profit after tax brought forward 42,026,985,347 33,644,733,434
Undistributed profit after tax for the current year 22,365,267,484 43,804,647,913
TOTAL SHAREHOLDERS' EQUITY 265,392,890,351 270,534,368,867
TOTAL LIABILITIES AND EQUITY 380,965,039,531 398,861,534,903

INCOME STATEMENT
Sale Revenue 340,145,626,776 402,975,121,341
Revenue deductions 1,516,244,078 2,570,296,197
Net revenues from sales and services rendered 338,629,382,698 400,404,825,144
(Costs of goods sold) 237,385,555,678 275,640,723,125
Gross Profit 101,243,827,020 124,764,102,019
Financial income 16,560,470,109 17,209,838,910
Financial expenses 3,519,005,167 4,222,077,016
In which: interest expenses 950,735,950 764,259,528
Selling expenses 14,748,419,315 18,463,050,825
General administration expenses 23,006,786,668 19,711,407,867
Net Income from operating activities 76,530,085,979 99,577,405,221
Other income 1,926,958,818 544,729,910
Other expenses 2,116,486,575 36,908,091
Other Income 189,527,757 507,821,819
Total net income before tax 76,340,558,222 100,085,227,040
Current corporate income tax income (expenses) 15,529,372,593 20,059,520,400
Deffered corporate income tax income (expenses) 25,171,435 48,733,534
Net Income after enterprise income tax 60,786,014,194 79,976,973,106
Basic earnings per share 3,340 4,584
Deluted earning per share 3,340 4,584

STATEMENT OF CASHFLOW (reported)

I.Cash flows from operating activities
1.Total net profit before tax 76,340,558,222 100,085,227,040
2.Adjustments for
Depreciation of fixed assets 6,390,699,503 4,824,500,047
Provisions 136,014,500 120,437,167
Gains (losses) on exchange rate differences from
84,165,350 30,546,175
revaluation of accounts derived from foreign currencies
Gains (losses) on investing activities 13,361,554,462 14,855,912,443
Interest expenses 950,735,950 764,259,528
3.Operating profit before changes in working capital 70,100,259,363 90,667,090,830
Increase (decrease) in receivables 20,902,033,587 24,554,204,195
Increase (decrease) in inventories 23,077,423,531 13,680,630,551
Increase (decrease) in payables 7,690,636,836 14,807,140,527
Increase (decrease) in prepaid expenses 3,710,266,058 828,582,714
Paid interests 950,735,950 764,259,528
Enterprise income tax paid 18,034,220,113 18,615,326,057
Other proceeds from operating activities 3,191,190,200 4,455,912,400
Net cash flows from operating activities 34,347,820,262 71,593,742,442

II.Cash flows from investing activities

Expenditures on purchase of fixed assets 5,036,457,900 57,906,496,231
Proceeds from disposal of fixed assets and other long-
term assets
Term deposit payment at the bank 222,100,079,076 292,400,000,000
Proceeds from term deposit of other 250,700,000,000 337,963,528,219
Deposit interest 14,716,575,680 15,833,852,451
Net cash flows from investing activities 38,280,038,704 3,490,884,439

III.Cash flows from financial activities

Proceeds from issuing shares 8,418,900,000 0
Repayment of contributed capital and repurchase of stock
503,250,000 768,500,000
issued
Proceeds from borrowings 87,909,090,000 79,237,195,000
Repayment of principal 89,975,829,500 76,957,094,000
Dividends paid 71,084,787,000 84,546,971,800
Net cash flows from financial activities 65,235,876,500 83,035,370,800

Total Net cash flows during the fiscal year 7,391,982,466 7,950,743,919

Net change in cash 7,602,555,618 7,788,955,164

Cash-opening balance 896,972,677 8,685,927,841
The effect of changes in exchange rate 210,573,152 161,788,755
Cash-ending balance 8,499,528,295 896,972,677

STATEMENT OF CASHFLOW (computed)

I.Cash flows from operating activities
Total net profit after tax 76,340,558,222 100,085,227,040
Add back depreciation and amortization expenses 6,390,699,503 4,824,500,047
Net cash flows for working capital 13,576,292,838 4,762,149,597
Other net addbacks/subtractions 34,807,144,625 38,078,134,242
Net cash flows from operating activities 34,347,820,262 71,593,742,442

II.Cash flows from investing activities

Capital expenditures (net) 5,036,457,900 57,906,496,231
Investments 28,599,920,924 45,563,528,219
Other investing transactions 14,716,575,680 15,833,852,451
Net cash flows from investing activities 38,280,038,704 3,490,884,439

III.Cash flows from financial activities

Net proceeds from short-term borrowing 1,990,683,500 2,419,933,500
Net proceeds from long-term borrowing 136,014,510 120,437,157
Net proceeds from share issues and repurchases 7,915,650,000 768,500,000
Dividends 71,084,787,000 84,546,971,800
Net cash flows from financial activities 65,295,835,010 83,015,975,457

Total Net cash flows during the fiscal year 7,332,023,956 7,931,348,576

Net change in cash 602,555,618 7,788,955,164

Cash-opening balance 896,972,677 8,685,927,841
Cash-ending balance 1,499,528,295 896,972,677
: Duc Thanh Joint Stock Company

2019 2018 COMMON SIZE 2021 2020

8,685,927,841 16,949,327,615
8,685,927,841 16,949,327,615 0.39% 0.22%
0 0 1.84% -
217,063,528,219 157,700,000,000 23.86% 43.00%
217,063,528,219 157,700,000,000 23.86% 43.00%
27,267,267,406 40,950,025,233 6.96% 10.41%
21,477,863,145 33,594,980,819 4.80% 8.62%
656,254,292 3,113,099,658 1.25% 0.77%
5,133,149,969 4,241,944,756 0.92% 1.03%
84,957,981,980 77,599,148,209 24.77% 17.87%
84,957,981,980 77,599,148,209 24.77% 17.87%
2,380,755,565 4,053,120,111 2.16% 2.75%
927,720,774 465,644,983 1.25% 0.05%
1,453,034,791 3,587,475,128 0.91% 2.70%
340,355,461,011 297,251,621,168 59.98% 74.26%
150,000,000 255,689,179 7.91% 0.04%
0 0
150,000,000 255,689,179 0.04% 0.04%
42,359,174,487 43,463,256,367 25.41% 24.61%
31,346,541,404 32,159,200,464 11.09% 10.52%
88,576,447,934 85,219,924,519 28.44% 25.90%
57,229,906,530 53,060,724,055 -17.35% -15.39%
11,012,633,083 11,304,055,903 14.33% 14.10%
15,193,114,013 15,193,114,013 15.93% 15.22%
4,180,480,930 3,889,058,110 -1.61% -1.12%
0 0 -
0 0 -
4,515,029,286 2,913,042,689 0.92% 1.09%
3,823,283,087 2,217,878,431
691,746,199 695,164,258 0.16% 0.16%
387,379,664,784 343,883,609,403 100.00% 100.00%

- -
- -
19,454,902,191 8,714,852,609 3.81% 5.43%
3,263,298,687 4,233,306,711 3.84% 2.16%
7,126,434,035 6,913,920,915 1.21% 1.79%
4,208,898,725 15,896,670,311 2.21% 2.32%
 2,862,422,401 2,130,121,226 0.75% 0.74%
1,443,681,981 8,489,953,226 0.23% 1.69%
60,365,034,000 27,541,530,600 15.96% 15.74%
6,820,768,643 7,697,158,820 1.21% 1.19%
105,545,440,663 81,617,514,418 29.21% 31.07%
3,509,379,167 3,576,258,750 1.13% 1.10%
3,500,000 244,040,000 0.28% 0.25%
3,505,879,167 3,332,218,750 0.85% 0.85%
109,054,819,830 85,193,773,168 30.34% 32.17%

- -
171,369,680,000 163,941,760,000 47.20% 42.96%
6,039,317,006 6,034,317,006 1.58% 1.51%
2,224,850,000 1,151,600,000 -0.92% -0.75%
18,669,340,514 18,669,340,514 4.90% 4.68%
84,471,357,434 71,196,018,715 16.90% 8.44%
45,642,944,215 38,623,685,607 11.03% 10.98%
38,828,413,219 32,572,333,108 5.87% 67.83%
278,324,844,954 258,689,836,235
387,379,664,784 343,883,609,403 100.00% 100.00%

345,633,977,802 392,848,907,745 100.45% 100.64%

3,788,043,414 3,014,676,675 0 -0.45% -0.64%
341,845,934,388 389,834,231,070 389,834,231,070 100.00% 100.00%
229,849,409,196 250,106,307,122 -70.10% -68.84%
111,996,525,192 139,727,923,948 29.90% 31.16%
14,260,133,729 12,458,354,997 4.89% 4.30%
1,423,290,016 3,150,327,660 -1.04% -1.05%
632,547,202 206,966,592 -0.28% -0.19%
16,978,182,425 16,923,181,608 -4.36% -4.61%
15,502,150,901 20,786,250,179 -6.79% -4.92%
92,353,035,579 111,326,519,498 22.60% 24.87%
539,897,933 1,206,205,853 0.57% 0.14%
143,782,600 163,599,280 -0.63% -
396,115,333 1,042,606,573 -0.06% 0.13%
92,749,150,912 112,369,126,071 22.54% 25.00%
18,524,886,711 22,712,230,906
3,418,059 47,818,943 -4.59% -5.01%
74,220,846,142 89,704,714,108 17.95% 19.97%
4,276 5,492 - -
4,276 5,492 - -
- -
 92,749,150,912 112,369,126,071
Company 's N

4,693,481,225 4,465,061,765
237,936,167 206,695,166

47,148,173 143,602,540

13,813,574,412 11,780,480,671
632,547,202 206,966,592
84,452,392,921 105,610,971,463
17,131,899,442 8,231,544,979
7,358,833,771 18,275,860,322
1,205,896,425 7,891,948,730
2,067,480,447 66,602,457
632,547,202 206,966,592
18,813,925,114 22,570,287,482
2,425,082,850 1,871,319,940
69,080,526,554 46,629,645,875

3,428,176,507 5,506,008,568

185,454,545 104,545,455

337,063,528,219 349,600,000,000
277,700,000,000 398,000,000,000
12,443,776,448 13,496,235,118
50,162,473,733 56,494,772,005

0 7,427,920,000

1,073,250,000 465,750,000

86,630,914,500 61,537,784,000
53,794,412,600 69,614,695,850
58,991,441,150 85,822,006,550
27,228,189,250 86,936,748,400

8,310,136,429 16,187,669,480

8,263,399,774 16,206,545,347
16,949,327,615 742,782,268
46,736,655 18,875,867
8,685,927,841 16,949,327,615
92,749,150,912
4,693,481,225
6,499,688,799
34,861,794,382
69,080,526,554

3,242,721,962
59,363,528,219
12,443,776,448
50,162,473,733

32,823,503,400
173,660,417
1,073,250,000
58,991,441,150
27,067,527,333

8,149,474,512

8,263,399,774
16,949,327,615
8,685,927,841
 2019 2018 % CHANGE 2021 2020 2019

847.58% -89.67% -48.75%

2.24% 4.93% 67.18% -89.67% -48.75%
- -
56.03% 45.86% -47.00% -20.99% 37.64%
56.03% 45.86% -47.00% -20.99% 37.64%
7.04% 11.91% -36.14% 52.35% -33.41%
5.54% 9.77% -46.84% 60.06% -36.07%
0.17% 0.91% 55.42% 365.97% -78.92%
1.33% 1.23% -14.67% -20.01% 21.01%
21.93% 22.57% 32.38% -16.10% 9.48%
21.93% 22.57% 32.38% -16.10% 9.48%
0.61% 1.18% -24.98% 360.61% -41.26%
0.24% 0.14% 2262.34% -78.29% 99.23%
0.38% 1.04% -67.78% 640.83% -59.50%
87.86% 86.44%
0.04% 0.07% 20000.00% - -41.34%

0.04% 0.07% - - -41.34%

10.93% 12.64% -1.38% 131.75% -2.54%
8.09% 9.35% 0.69% 33.81% -2.53%
22.87% 24.78% 4.87% 16.64% 3.94%
-14.77% -15.43% 7.74% 7.23% 7.86%
2.84% 3.29% -2.92% 410.52% -2.58%
3.92% 4.42% - 299.48% -
-1.08% -1.13% 36.75% 6.97% 7.49%

1.17% 0.85% -19.98% -3.35% 54.99%

0.18% 0.20% -3.91% -7.05% -0.49%

100.00% 100.00% -4.49% 2.96% 12.65%

- -
- -
5.02% 2.53% -33.01% 11.42% 123.24%
0.84% 1.23% 69.48% 164.48% -22.91%
1.84% 2.01% -35.63% 0.09% 3.07%
1.09% 4.62% -9.24% 120.24% -73.52%
 0.74% 0.62% -3.24% 2.96% 34.38%
0.37% 2.47% -87.21% 365.84% -83.00%
15.58% 8.01% -3.17% 4.01% 119.18%
1.76% 2.24% -3.19% -30.15% -11.39%
27.25% 23.73% -10.22% 17.42% 29.32%
0.91% 1.04% -2.13% 25.25% -1.87%
- 0.07% 4.20% 28758.83% -98.57%
0.91% 0.97% -4.02% -3.44% 5.21%
28.15% 24.77%

- -
44.24% 47.67% 4.92% - 4.53%
1.56% 1.75% -0.25% - 0.08%
-0.57% -0.33% 16.81% 34.54% 93.20%
4.82% 5.43% - - -
21.81% 20.70% 91.39% -60.17% 18.65%
11.78% 11.23% -4.06% -4.03% 18.17%
10.02% 9.47% 19.21%

100.00% 100.00% -4.49% 2.96% 12.65%

101.11% 100.77% -15.59% 16.59% -12.02%

-1.11% -0.77% -41.01% -32.15% 25.65%
100.00% 100.00% -15.43% 17.13% -12.31%
-67.24% -64.16% -13.88% 19.92% -8.10%
32.76% 35.84% -18.85% 11.40% -19.85%
4.17% 3.20% -3.77% 20.68% 14.46%
-0.42% -0.81% -16.65% 196.64% -54.82%
-0.19% -0.05%
-4.97% -4.34% -20.12% 8.75% 0.33%
-4.53% -5.33% 16.72% 27.15% -25.42%
27.02% 28.56% -23.15% 7.82% -17.04%
0.16% 0.31% 253.75% 0.89% -55.24%
-0.04% -0.04% 5634.48% -74.33% -12.11%
0.12% 0.27% -137.32% 28.20% -62.01%
27.13% 28.82% -23.72% 7.91% -17.46%

-5.42% -5.83% -22.58% 8.28% -18.44%

21.71% 23.01% -24.00% 7.76% -17.26%
- -
- -
- - -27.14% 7.20% -22.14%
Company 's Name: Duc Thanh Joint Stock Company
 Company 's Name: Duc Thanh Joint Stock Company
Year 2021 2020 2019 2018
PROFITABILITY FACTORS:
RETURN ON ASSETS
Profit Margin for ROA 18.23% 20.16% 21.90% 23.06%
x Asset Turnover 0.87 1.02 0.93
= Return on Assets 15.83% 20.54% 20.47%

RETURN ON COMMON EQUITY

Profit Margin for ROCE 17.95% 19.97% 21.71% 23.01%
x Asset Turnover 0.87 1.02 0.93
x Capital Structure Leverage 1.42 1.45 1.44
= Return on Common Equity 22.16% 29.57% 29.29%

OPERATING PERFORMANCE
Gross Profit / Revenues 29.90% 31.16% 32.76% 35.84%
Operating Profit / Revenues 22.60% 24.87% 27.02% 28.56%
Net Income / Revenues 17.95% 19.97% 21.71% 23.01%
COGS/Revenues 70.10% 68.84% 67.24% 64.16%
Selling and administrative expense/Revenues 15.90% 13.85% 14.13% 15.08%

EFFICIENCY (ACTIVITY) RATIOS

Accounts receivable turnover 12.86 14.34 12.41
Days of sales outstanding (DSO) 28 25 29
Inventory turnover 2.87 3.53 2.83
Days of inventory on hand (DOH) 127 103 129
Fixed assets turnover 2.21 3.85 6.32
Working capital turnover 2.34 1.97 1.52

OPERATING CONTROL
Gross Profit Control Index 95.95% 95.11% 91.41%
Operating Profit Contol Index 89.24% 89.91% 90.27%

PROFIT MARGIN DECOMPOSITION

Gross Profit Margin 29.90% 31.16% 32.76% 35.84%
Operating Profit Index 22.60% 24.87% 27.02% 28.56%
Leverage Index 99.75% 100.51% 100.43% 100.94%
Tax Index 79.62% 79.91% 80.02% 79.83%
Net Profit Margin 17.95% 19.97% 21.71% 23.01%

RISK FACTORS:
SHORT-TERM LIQUIDITY
Current Ratio 2.05 2.39 3.22 3.64
Quick Ratio 1.21 1.81 2.42 2.69
Operating Cash Flow to Current Liabilities 0.29 0.62 0.74
Assets Turnover Ratios:
Accounts receivable turnover 9.95 11.64 10.02
Days of sales outstanding (DSO) 37 31 36
Inventory turnover 2.87 3.53 2.83
Days of inventory on hand (DOH) 127 103 129
Accounts payable turnover 14.39 12.74 16.84
Days Payables outstanding 25 29 22

LONG-TERM SOLVENCY
Debt Ratios:
Total Liabilities / Total Assets 30.34% 32.17% 28.15% 24.77%
Total Liabilities / Total Equity 43.55% 47.43% 39.18% 32.93%
LT Debt / LT Capital 1.60% 1.60% 1.25% 1.36%
LT Debt / Total Equity 1.62% 1.62% 1.26% 1.38%
Interest Coverage Ratios:
Interest Coverage Ratio (Net Income Basis) 81.30 131.96 147.63 543.93
Operating Cash Flow to Total Liabilities Ratio:
Operating cash flows / Total liabilities 28.17% 60.32% 71.13%

RETURN ON ASSETS ANALYSIS

Level 1 RETURN ON ASSETS

2021 2020 2019
15.83% 20.54% 20.47%

Level 2 PROFIT MARGIN FOR ROA

2021 2020 2019 2018
18.23% 20.16% 21.90% 23.06%

Level 3 2021 2020 2019 2018

Sale Revenues 100.45% 100.64% 101.11% 100.77%
<Cost of goods sold> 0.45% 0.64% 1.11% 0.77%
Gross Profit 100.00% 100.00% 100.00% 100.00%
<Selling, general and administrative expenses> 11.15% 9.53% 9.50% 9.67%
Operating Profit 22.60% 24.87% 27.02% 28.56%
Net Income 17.95% 19.97% 21.71% 23.01%

Gross Profit / Revenues 29.90% 31.16% 32.76% 35.84%

Operating Profit / Revenues 22.60% 24.87% 27.02% 28.56%
Net Income / Revenues 17.95% 19.97% 21.71% 23.01%
COGS/Revenues 70.10% 68.84% 67.24% 64.16%
 Selling and administrative expense/Revenues 15.90% 13.85% 14.13% 15.08%

RETURN ON COMMON SHAREHOLDERS' EQUITY A

Level 1 RETURN ON COMMON SHAREHOLDERS' EQUIT

2021 2020 2019 2018
22.16% 29.57% 29.29% 0.00%

Level 2 PROFIT MARGIN FOR ROCE

2021 2020 2019 2018
17.95% 19.97% 21.71% 23.01%

CAPITAL STRUCTURE LEVERAGE

2021 2020 2019 2018
1.42 1.45 1.44 0.00

Level 3 2021 2020 2019 2018

Total Revenues 100.00% 100.00% 100.00% 100.00%
Net Operating Profit After Tax (NOPAT) 18.01% 20.01% 21.75% 23.02%
Net Financing Expense After Tax 0.06% 0.04% 0.04% 0.01%
Average Net Operating Assets 99.74% 86.22% 94.53% 38.13%
Average Financing Obligations 19.23% 16.24% 13.86% 3.96%
Average Common Equity 79.13% 68.54% 78.55% 66.36%

Profit margin for operating ROA 18.01% 20.01% 21.75% 23.02%

Net operating asset turnover 100.26% 115.98% 105.79% 262.28%
Operating ROA (NOPAT/Average NOA) 18.05% 23.21% 23.01% 60.38%

Net Borrowing Rate 0.30% 0.24% 0.27% 0.27%

Spread 18.35% 23.45% 23.27% 60.65%
Leverage 24.30% 23.69% 17.64% 5.97%
Leverage*Spread 4.46% 5.55% 4.11% 3.62%

ROCE = Operating ROA+Leverage*Spread 22.51% 28.76% 27.11% 64.00%

(In the computations above, a #DIV/0! message indicates that a ratio denominator is zero.)
tock Company
2020 2019 2018

9.59% 7.91% 5.06%

14.73% 8.94%
22.91% 0.32%

10.13% 8.00% 5.65%

14.73% 8.94%
2.18% 0.74%
25.04% 0.96%

4.05% 4.89% 8.59%

9.12% 7.95% 5.40%
10.13% 8.00% 5.65%
1.83% 2.38% 4.80%
14.84% 1.99% 6.28%

10.28% 15.49%
11.46% 13.41%
18.76% 24.77%
23.10% 19.86%
42.54% 39.03%
18.92% 29.61%

0.89% 4.05%
0.75% 0.40%

4.05% 4.89% 8.59%

9.12% 7.95% 5.40%
0.75% 0.08% 0.50%
0.36% 0.14% 0.24%
10.13% 8.00% 5.65%
 14.07% 25.89% 11.46%
33.56% 25.00% 10.09%
53.19% 15.47%

14.51% 16.12%
16.98% 13.89%
18.76% 24.77%
23.10% 19.86%
12.98% 24.37%
11.49% 32.22%

5.71% 14.28% 13.63%

8.19% 21.06% 18.98%
0.23% 28.40% 8.7%
0.23% 28.86% 8.8%

38.39% 10.62% 72.86%

53.31% 15.19%

TS ANALYSIS

2018
0.00%

ASSET TURNOVER
2021 2020 2019 2018
0.87 1.02 0.93 0.00

2021 2020 2019 2018 Turnovers

12.86 14.34 12.41 0.00 Receivables
2.87 3.53 2.83 0.00 Inventory
2.21 3.85 6.32 0.00 Fixed Assets
OLDERS' EQUITY ANALYSIS

HAREHOLDERS' EQUITY

ASSETS TURNOVER
2021 2020 2019 2018
0.87 1.02 0.93 0.00