2022 2021 Change

Profitability
Gross profit margin 17.71% 20.14% -2.43%
Operating profit margin 6.68% 8.65% -1.97%
Net profit margin 6% 8% -2%
ROA 12% 16% -4%
ROE 25% 30% -5%

Efficiency
Inventory Turnover Ratio 620% 590% 30%
Accounts Receivable Turnover Ratio 2268% 2400% -132%
Accounts Payable Turnover Ratio 527% 524% 3%
Assets Turnover Ratio 209% 211% -2%
Day's Sales in Inventory 59 62 -3

Liquidity
Current Ratio 113% 117% -4%
Quick Ratio 65% 59% 6%

Solvency
Solvency Ratio 62% 78% -15%
Interest Coverage Ratio 6134% 28473% -22340%
Debt - to - Equity Ratio 127% 97% 30%
Debt - to - Capital Ratio 56% 49% 7%
 2022 2021 Change
Gross profit 270,873,045,110 297,996,727,360 (27,123,682,250)
Operating profit 102,145,374,681 128,009,313,792 (25,863,939,111)
Net profit 88,155,063,012 113,363,537,475 (25,208,474,463)
Net sales revenue 1,529,909,122,362 1,479,644,749,575 50,264,372,787

Beginning assets 704,509,866,629 695,640,970,403 8,868,896,226

Ending assets 758,946,958,924 704,509,866,629 54,437,092,295
Average Asset 731,728,412,777 700,075,418,516 31,652,994,261
Beginning Shareholder's equity 358,090,817,256 387,122,523,781 (29,031,706,525)
Ending Shareholder's equity 334,254,010,268 358,090,817,256 (23,836,806,988)
Average Shareholder's Equity 346,172,413,762 372,606,670,519 (26,434,256,757)

COGS 1,259,036,077,252 1,181,648,022,215 77,388,055,037

Beginning Inventory 201,792,623,838 198,920,247,289 2,872,376,549
Ending Inventory 204,562,354,324 201,792,623,838 2,769,730,486
Average Inventory 203,177,489,081 200,356,435,564 2,821,053,518
Net Credit Sales 1,529,909,122,362 1,479,644,749,575 50,264,372,787
Beginning Accounts Receivable 64,703,359,421 58,608,876,742 6,094,482,679
Ending Accounts Receivable 70,216,051,396 64,703,359,421 5,512,691,975
Average Accounts Receivable 67,459,705,409 61,656,118,082 5,803,587,327
Beginning Accounts Payable 250,017,710,824 201,953,380,112 48,064,330,712
Ending Accounts Payable 228,667,429,679 250,017,710,824 (21,350,281,145)
Average Accounts Payable 239,342,570,252 225,985,545,468 13,357,024,784
Net Credit Purchases 1,261,805,807,738 1,184,520,398,764 77,285,408,974
Ending Inventory 204,562,354,324 201,792,623,838 2,769,730,486

Current Assets 481,207,043,158 405,908,491,608 75,298,551,550

Current Liabilities 424,592,948,656 346,319,049,373 78,273,899,283
Inventory 204,562,354,324 201,792,623,838 2,769,730,486
Prepaid Expenses 724,637,300 0 724,637,300

Depreciation 175,619,657,681 155,130,699,783 20,488,957,898

Total Liabilities 424,692,948,658 346,419,049,373 78,273,899,285
EBIT 101,716,326,537 130,965,382,283 (29,249,055,746)
Total Interest Payments 1,658,342,636 459,960,964 1,198,381,672
Shareholders' Equity 334,254,010,268 358,090,817,256 (23,836,806,988)