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3 tayangan22 halamansinger Bangladesh financial performance

Mar 01, 2018

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singer Bangladesh financial performance

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3 tayangan

singer Bangladesh financial performance

© All Rights Reserved

- Financial Ratio Analysis
- Abbot Pakistan
- 102-Sol_0503
- Additional Data – Better Performance_1.pdf
- sbr fbk
- TML Annual Report 2003-2004
- Investor Update Q4FY18
- 120518_01
- Financial Ratio Analyses and Their Implications to Management.pptx
- Financial Ratios.docx
- Bank Analysis
- Grendene
- Ratio Trend
- INCOME FROM OTHER SOURCES.docx
- Performance of IFIC, NCC, & MTV Bank Over the Last Five Years
- Godfrey
- 0610_s14_qp_32
- 404a.docx
- Finacial Ratios
- Module 2 -Sums

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of

Singer Bangladesh Limited

Submitted by

WWW.ASSIGNMENTPOINT.COM

www.AssignmentPoint.com

OBJECTIVE OF THE STUDY

To understand and compare a company’s internal position to

make necessary aid.

We can’t get the current Annual Report of SBL (2008).

Sources

Dhaka Stock Exchange.

SBL Main Office.

www.AssignmentPoint.com

Company Profile

Company Name:

SINGER BANGLADESH LIMITED (SBL)

Corporate History.

# Year of Establishment of/ Incorporation 1979

# Commencement of Leasing Business 1987

# Establishment of Branch in the main port city,

Chittagong 1991

# Listed on the Dhaka Stock Exchange 1993

# Licensed by Bangladesh Bank for

deposit taking 1995

His vision

To be the most admired and respected family company in the country.

His mission

Our mission is to improve the quality of life of people by providing comforts

and conveniences at affordable prices.

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Communize Analysis/ Time Series Analysis

This analysis we can evaluates performance of the internal

progress year to year. Here we have analyzed of the year 2007,

2006, 2005, and 2004.

SBL

TK-in million

SI Name of the Ratio 2007 2006 2005 2004

Profitability Ratio

Profitability Ratio

Profitability Ratio

Asset Utilization

Period-Asset Utilization

Asset Utilization

Ratio- Asset Utilization

Ratio- Asset Utilization

Ratio

Ratio

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11 Debt. Ratio- Debt 83.74% 81.62% 86.38% 81.85%

Utilization ratio

Debt Utilization ratio.

Debt Utilization ratio

14 Earning Per Share(EPS) 61.26 70.18 29.13 47.75

Share(DPS)

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Profit Margin Ratio

sales money remaining after all costs and expenses, including

interest, taxes and preferred stock dividends, have been deducted.

It is calculates as this formula:

Net Profit

Profit Margin Ratio =

Sales

2.86% 4.58% 2.83% 5.68%

Interpretation

In 2007 the net profit margin ratio was 2.86% which is lower then

2006 and 2004 where the ratios were 4.58% and 5.68% and this as

not better performance of the firm.

Recommendation

Company should increase their EBIT to keep increasing net profit.

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Return on Asset

the overall effectiveness of management in generating profits with

its available assets. We can get this ratio by this formula,

Net Income

ROA =

Total Assets

firm. Our analysis of the firm SBL are:

4.44% 6.51% 3.10% 7.17%

Interpretation

In 2004 the ratio was 7.17% which was higher then 2005, 2006

and 2007 where the ratios were 3.10%,6.51% and 4.44% and

these indicates the poor position then 2004.

Recommendation

should need to increase its Net income as soon as possible to

improve or increase the company situation.

Return on Stockholders Equity

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The ratio of net income to common equity measures the return on

common equity or the rate of return on stockholders investment,

Net Income

Return on equity =

Total stockholders equity

indicates the better position to the present then past. Our analysis

of ROE of SBL are given below

27.29% 35.42% 22.76% 42.41%

Interpretation

is higher then 2005 where the ratio was 22.76%. The best position

of the ratio was in 2004 where the ratio was 42.41% and in 2006

and 2007 ratio were 35.42% and 27.29%.

Recommendation

equity to improve the situation of this company.

Receivables turnover

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The receivables turnover indicates the number of times on the

average that receivables turnover each year. Receivables turnover

is calculated follows:

Credit sales

Receivables turnover =

Receivables

6.76 6.68 7.80 8.16

Interpretation:

In 2004 the debt ratio of the SBL was 8.16 which is higher then

2005, where the ratio was7.80. But this is higher then 2006, 2007

where the ratios were 6.68& 6.76.

Recommendation

Company must increase the ratio by decreasing total liabilities or

increasing total asset for achieving better position.

Average collection period (DSO)

(DSO), is used evaluate the firm’s ability to collect its credit sales

in a timely manner. DSO is calculated as follows:

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Receivables

Average collection period =

Average daily credit sales

below:

53.28 53.86 46.17 44.15

Recommendation:

In 2004 the DSO of SBL was 44.15 days which was increased.

But this also too much time to collect A/R. In 2005, 2006, 2007

the time was 46.17, 53.86 and 53.28.

Interpretation:

Much should aware about this fact that they should try to decrease

the time period to collect money from A/R to get a good position.

Inventory turnover:

The inventory turnover ratio is defined as follows:

Cost of goods sold

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Inventory turnover =

Inventory

The ratio of inventory turnover of this firm is given below:

2.54 2.53 2.73 2.54

Interpretation:

In 2004 the inventory turnover ratio of the SBL was 2.54 which is

very close to one another. And here in 2005, 2006, 2007 the ratio

was 2.73, 2.53 and 2.54.

Recommendation

Company must increase the ratio by decreasing total liabilities or

increasing total asset in better position.

The fixed asset turnover ration measures how effectively the firm

uses its plant and equipment to help generate sales. It is the ration

of sales to fixed assts.

Sales

Fixed Assets Turnover Ratio =

Fixed Assets

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If the present fixed asset turnover ratio is greater than past ratio

that would be better for a company. Our analyses of SBL for fixed

asset turnover ratio of 4ears are

10.87 8.36 10.23 10.675

Interpretation

In 2004, fixed asset turnover ratio was 10.675which was less then

2007, where the ratio was10.87. We can also see in 2005 & 2006’s

ratio were 10.23 &8.36.

Recommendation

according to its fixed asset which indicates that company’s

effective uses the fixed assets. So to improve this salutation

company should increase it sales by using its fixed assets most

effectively.

Total Asset Turnover

The total Asset turnover ratio measures how effectively the firm

uses its total assets to help generate sales. It is the ratio of sales to

total assets.

Sales

Total asset turnover:

Total assets

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If the present total assets turnover ratio is higher then previous it

would be better for the company’s present performance. Our

analysis of this ratio of SBL of 4 ears is,

1.55 1.42 1.094 1.353

Interpretation

2007 where the ratio was 1.55 But there are lower performance

in2005, 2006 where the ratio were 1.094, 1.42.

Recommendation

sales.

Current Ratio

The Current ration measures then ability firm’s to meet its short-

tern obligations. It is expressed as follows:

Current assets

Current Ratio:

Current liabilities

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Current Asset includes cash, account receivable and inventories.

And current liabilities consist of all payables, current maturities of

long tern debt, accrued expenses. It the current liabilities are

rising fast than current Assets, the CR will fall and when CR is

increased this post year, the present performance of the company

will be better then post performance. Here is the 4years CR of

SBL:

2007 2006 2005 2004

1.21 1.23 1.41 1.66

Interpretation:

In 2007 the CR of SBL was tell which was lower than 2004 when

the ratio 1.21which is worst position during 4 years. 2004 are the

sure which was considered as good performance.

Recommendation:

By the analysis of 4 years CR of SBL. We can find that the

company hasn’t done well over the year and to improve the

situation it should graphically enlarge CR by increasing CA or

decreasing CL.

Quick ratio:

The quick ratio or acid test ratio is calculated by deducting

inventories from current assets and dividing the result by current

liabilities. The quick ratio is a variation of the current ratio. The

quick ratio or acid test ratio is calculated as follows:

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Current assets-Inventory

Quick ratio =

Current liabilities

0.51 0.54 0.82 0.67

Interpretation:

In 2004 the debt ratio of the SBL was 0.67which is higher then

2007, where the ratio was0.51. But this is lower then 2005, 2006,

where the ratios were 0.82, 0.54.

Recommendation

increasing total asset in better position.

Debt Ratio

the firm’s creditors. It’s formula:

Total Liabilities

Debt Ratio

Total Assets

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Total debt includes both CL and LLB tern debt, creditors prefer

low debt ratios because the lower the ratio the greater the cushion

against creditors losses in the event of liquidation. Our analysis of

this ratio of SBL for 4 years is given below:

83.74% 81.62% 86.38% 81.85%

Interpretation:

In 2004 the debt ratio of the SBL was 81.86 which is lower then

2007, where the ratio was 83.74. But this is lower then 2005

where the ratios 86.38%

Recommendation:

Company must decrease the ratio by decreasing total liabilities or

increasing total asset in better position.

The time interest earned ratio, measures the firm’s ability to make

contractual interest payment, Sometimes it also called as interest

coverage ratio, the formula of this ratio is:

Time interest earned Ratio =

Interest Charges

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This ratio measures the extent to which operating income can

decline before the form is unable to meet its annual interest costs.

If the present ratio is higher then post then it would better for the

firm. But the company has to pay tax fewer for lower time interest

earned. Our analyses of this SBL are,

1.79 2.08 4.17 13.46

Interpretation

In 2004 the time interest earned ratio was 13.46 which were

higher then 2007, where the ratio was 1.79. In 2006 though ratio

was 2.08 which was lower than 2005.

Recommendation

By the analysis of 4 years ratio we can say that, if the company

wishes to decrease its taxation, the company should increase their

EBIT.

Fixed charge coverage

fixed obligations rather then interest payment alone, on the

assumption that failure to meet any financial obligation will

endanger the position of the firm. The formula of this ratio is:

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Income before fixed charge and taxes

Fixed charge coverage =

Fixed charge

2007 2006 2005 2004

1.79 2.08 4.16 13.46

Interpretation:

In 2004 the time interest earned ratio was 13.46 which were

higher then 2007, where the ratio was 1.79. In 2006 though ratio

was 2.08 which was lower than 2005.

Recommendation:

By the analysis of 4 years ratio we can say that, if the company

wishes to decrease its taxation, the company should increase their

EBIT.

share of common stock not the amount of earnings actually

distributed to share holders. EPS is calculated as follows.

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Earning Per Share =

Number of shares

61.26 70.18 29.13 47.75

Interpretation:

In 2007 the earning per share of SBL was 61.26% which is lower

than 2006, where the ratio was 70.18%. But the ratio of 2005 was

29.1% which is lower than 2004 where the ratio was 47.75%.

Recommendation:

EPS is closely watched by then investing public and is considered

an important indictor of corporate EPS success and by the above

analysis we can see the good position of the firm.

shareholder. It is calculated by

Cash Dividend

DPS =

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Number of Share

35.00 35.00 30.00 80.00

Interpretation:

The ratio of dividend per share of 2007, 2006, 2005 and 2004 are

35%, 35%, 30%and 80%. Which are same over 2 years and it

decreases 50% in 2005.It rises 5%in 2006.

Recommendation:

Ratio rate was by this analysis we can see the increasing and this

should be encourage to be attract the shareholder.

Final Recommendation

The EPS and DPS of the SBL were in good position but the firm

must should be were of its increasing liabilities. And it also try to

utilize it’s assets by effective uses. In other hands the time period

of required account receivable collecting which should be

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decreased. And to increase the total asset turnover the firm should

increase its sales and to increase its net income, it should increase

its EBT company must should were of these fact to reach in the

better position.

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