Liquidity , Activity, Profitability and

Debits Ratios
Liquidity ratios 2015 2016 2017 2018

Current ratio 0.76 0.64 0.73 0.77

Quick ratio 0.48 0.37 0.40 0.30

Cash ratio 0.31 0.23 0.21 0.10

Working capital $ (3,592,184) $ (8,002,121) $ (6,192,482) $ (6,143,034)

 Activity Ratios 2015 2016 2017 2018

advances to suppliers DOH 6 3 6 6

Advances to suppliers T/O 56.50 122.47 60.70 62.52

A/R DOH 33 452 165 276

Receivables T/O 152 9 18 11

Inventory DOH 102 108 73 108

Inventory T/O 3.59 3.37 5.01 3.38

Accounts payables DOH 62 79 47 55

Accounts payables T/O 5.88 4.63 7.83 6.60

 Profitability Ratios 2015 2016 2017 2018

Sales growth rate   39% 80% 18%

Gross profit margin 7% 11% 10% 11%

Operating profit margin 2% 7% 7% 8%

Net Profit Margin -4% 2% -3% -2%

ROA -2% 1% -2% -2%

ROE -13% 5% -12% -16%

ROS -4% 2% -3% -2%

EPS 0.78 0.3 3.29 3.29

Debt Ratios 2015 2016 2017 2018

Debt-Equity Ratio 5.06 3.54 4.28 6.98

Debt Ratio 0.84 0.78 0.81 0.87

Times interest earned   4.22 2.23 0.11