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Financial Ratio Analysis
Financial Ratio Analysis
Investment
Utilization
Ratios
Financial Liquidity
Ratio Analysis Ratios
Stability
Ratios
Growth Ratios
COGS to Sales
Operating Expenses
to Sales
Earnings Before
Interest & Tax
Profitability Ratios
Net Income to Sales
Return on
Investment
Return on Asset
Return on Equity
Inventory
Turnover
Total Asset
Turnover
Current Ratio
Working capital
Age of
inventory
Liquidity Ratios
Acid test ratio
Age of accounts
receivable
Age of accounts
payable
Net worth to
total assets
Total debt to
total assets
Stability
Ratios
Debt to equity
ratio
Long-term
debt interest
coverage
Sales Ratios
Growth
Profit Growth
Ratios
Assets
Growth
Profitability Ratios 2005 2004 2003
COGS to Sales 60.00% 60.00% 58.82%
Gross Profit to Sales 40.00% 40.00% 41.18%
Operating Expenses to Sales 21.25% 24.29% 36.27%
EBIT to Sales 18.75% 15.71% 4.90%
Net Income to Sales (Profit Margin) 10.97% 8.86% 1.18%
Return on Assets (Net Income) 41.00% 30.29% 2.35%
Return on Assets (EBIT) 70.09% 53.75% 9.80%
Return on Equity 60.88% 51.96% 4.53%
Investment Utilization Ratios 2005 2004 2003