HERO MOTOCORP
RATIOS
Current
Ratio
Quick Ratio
Inventory
Turnover
Ratio
Debtors
Turnover
Ratio
Asset
Turnover
Ratio
2014-13
2013-12
2012-11
2011-10
0.65
0.47
0.67
0.52
0.42
0.28
0.24
0.15
37.75
37.33
40.84
43.88
31.88
50.72
117.09
162.08
4.63
4.49
4.85
4.85
HERO MOTOCORP
Year
Loans and
Debtors to
Inventories to Cash and Bank Advances to
current assets current assets Balance to
current assets
current assets
0.539
0.392
0.069
0.705
2014-13
0.448
0.429
0.122
0.945
2013-12
0.271
0.673
0.056
0.923
2012-11
0.186
0.746
0.068
1.114
2011-10
MOTAALS TEST
Year
Debtors to
current
assets
Cash and
Inventories Bank
to current
Balance to
assets
current
assets
1
3
Loans and
Advances to Cumulative Overall
current
ranking
assets
1
9
2
2014-13
2013-12
12
2012-11
2011-10
11
The company(hero motocorp) performed better in year 2011-12 but its liquidity position
has fluctuated over the years and has gone better in the year 2013-14
TVS MOTORS
TVS MOTORS
RATIOS
Current
Ratio
Quick
Ratio
Inventory
Turnover
Ratio
Debtors
Turnover
Ratio
Asset
Turnover
Ratio
2014-13
2013-12
2012-11
2011-10
0.87
0.85
0.71
0.57
0.51
0.44
0.59
14.52
13.86
12.19
13.27
25.09
26.43
28.24
25.17
4.35
3.87
3.88
3.38
TVS
Year
Debtors to
current assets
Inventories to
current assets
Loans and
Advances to
current assets
2014-13
0.346
0.568
0.086
0.549
2013-12
0.363
0.616
0.021
0.453
2012-11
0.281
0.703
0.016
0.361
2011-10
0.336
0.656
0.007
0.577
MOTAALS TEST
Year
Debtors to
current
assets
Inventories
to current
assets
Cash and
Bank
Balance to
current
assets
Loans and
Advances to Cumulative Overall
current
ranking
assets
2014-13
11
2013-12
11
2012-11
2011-10
10
Correlations (TVS)
Correlations
Operating Profit
Margin
Current Ratio
Quick Ratio
Pearson
Correlation
Sig. (2-tailed)
N
Pearson
Correlation
Sig. (2-tailed)
N
Pearson
Correlation
Sig. (2-tailed)
.030
4
1
.180
4
.935
.697
4
.484
.254
4
-.884
.346
4
-.463
.030
4
-.820
4
.935
.065
4
1
.516
4
.686
.116
4
-.986*
.537
4
-.138
.180
.065
.314
.014
.862
4
-.970*
Debtor
Invento
s
Operati
ry
Turnov
ng Profit Curren Quick Turnov
er
Margin t Ratio Ratio er Ratio Ratio
Pearson
Correlation
Sig. (2tailed)
N
Debtors Turnover Ratio
Pearson
Correlation
Sig. (2tailed)
N
Assets Turnover Ratio
Pearson
Correlation
Sig. (2tailed)
N
*. Correlation is significant at the 0.05 level
-.303
.484
.686
.697
.516
.314
4
.746
4
-.884
4
-.986*
.254
.116
.014
.203
4
.654
4
-.463
4
-.138
4
.502
.346
.537
.862
.498
4
(2-tailed).
4
-.797
-.797
.502
.203
.498
4
1
4
-.004
.996
4
-.004
4
1
.996
4
TATA MOTORS
RATIOS / YEAR
Operating Profit
Margin(%)
Current Ratio
0.43 0.42
Quick Ratio
0.36
Inventory Turnover
Ratio
Mean
S.D.
C.O.V
9.9
6.00
3.40 56.66%
0.5 0.52
0.47
0.05 10.68%
0.43
0.08 17.85%
10.72
1.52 14.21%
20.43
1.60
1.02
1.38
7.83%
0.27 19.25%
Correlations
Current Ratio
Quick Ratio
Operati
ng
Inventory
Profit Current
Turnover
Margin Ratio Quick Ratio
Ratio
Pearson
1
.836
.875
.978*
Correlat
ion
Sig. (2-
.164
.125
.022
tailed)
N
4
4
4
4
Pearson
.836
1
.850
.918
Correlat
ion
Sig. (2.164
.150
.082
tailed)
N
4
4
4
4
Pearson
.875
.850
1
.851
Correlat
ion
Sig. (2.125
.150
.149
tailed)
N
4
4
4
4
Debtors
Turnover
Ratio
-.894
Assets
Turnover
Ratio
.850
.106
.150
4
-.555
4
.611
.445
.389
4
-.827
4
.491
.173
.509
Pearson
Correlat
ion
.978*
.918
.851
Sig. (2tailed)
N
Pearson
Correlat
ion
.022
.082
.149
4
-.894
4
-.555
4
-.827
.106
.445
.173
.218
4
.850
4
.611
4
.491
4
.849
Sig. (2.150
.389
tailed)
N
4
4
*. Correlation is significant at the 0.05 level (2-tailed).
.509
.151
Sig. (2tailed)
N
Pearson
Correlat
ion
4
-.782
-.782
.849
.218
.151
4
1
4
-.687
.313
4
-.687
4
1
.313
4
INVENTORIES/
CURRENT ASSET DEBTORS/CA
BANK/CA
LOAN/CA
2013-14
72.08
22.93
4.26
82.40
2012-13
66.13
26.99
6.87
78.77
2011-12
50.21
29.63
20.14
63.81
2010-11
43.60
29.16
27.22
60.82
MOTAALS TEST
Year
Debtors to
current
assets
Inventories
to current
assets
Cash and
Bank
Balance to
current
assets
Loans and
Advances to Cumulative Overall
current
ranking
assets
2014-13
13
2013-12
11
2012-11
2011-10
RATIOS / YEAR
Mean
S.D.
C.O.V
Operating Profit
Margin(%)
9.9
9.875
1.943 20.27%
Current Ratio
1.105
0.285 25.79%
Quick Ratio
0.9375
0.197 21.00%
23.54
2.78
36.81
5.74 15.61%
2.322
0.10 10.81%
Inventory Turnover
Ratio
11.6%
Operating Profit Margin
Current Ratio
Opera
ting
Profit Curre
Inventory Debtors
Assets
Margi nt Quick Turnover Turnover Turnover
n
Ratio Ratio
Ratio
Ratio
Ratio
Pears
1 -.390 -.631
.885
-.492
-.291
on
Correl
ation
Sig.
.610 .369
.115
.508
.709
(2tailed)
N
4
4
4
4
4
4
Pears -.390
1 .960*
.084
.994**
.964*
on
Correl
ation
Sig.
.610
.040
.916
.006
.036
(2tailed)
N
4
4
4
4
4
4
Quick Ratio
Pearson
Correlati
on
Sig. (2tailed)
-.631
.960*
.369
.040
N
Pearson
Correlati
on
Sig. (2tailed)
4
.885
4
.084
4
-.197
.115
.916
.803
N
Pearson
Correlati
on
Sig. (2tailed)
4
-.492
4
.994**
4
.986*
4
-.029
.508
.006
.014
.971
N
Pearson
Correlati
on
Sig. (2tailed)
4
-.291
4
.964*
4
.905
4
.173
4
.947
.709
.036
.095
.827
.053
-.197
.986*
.905
.803
.014
.095
4
1
4
-.029
4
.173
.971
.827
4
1
4
.947
.053
4
1
INVENTORIES/
CURRENT ASSET DEBTORS/CA
BANK/CA
LOAN/CA
2013-14
45.44
37.77
16.82
86.86
2012-13
45.56
35.20
19.18
94.78
2011-12
34.74
18.10
47.11
55.17
2010-11
29.80
17.30
52.83
45.88
MOTAALS TEST
Year
Debtors to
current
assets
Inventories
to current
assets
Cash and
Bank
Balance to
current
assets
Loans and
Advances to Cumulative Overall
current
ranking
assets
11
11
10
2014-13
2013-12
2012-11
2011-10