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FINANCIAL RATIO

ANALYSIS
ANTHONY 291 17 005
SOFIA PUJIASTI 291 17 053
AFRISKA YUNI ANGGRAINI 291 17 238 SYNDICATE 10
ARFAN NUR AKBAR 291 17 246
Financial Ratio Analysis
Evaluate the financial performance and condition
of a business enterpise
Financial Goals

Growth Return on Investments Financial Position


(ROI)
✘ Increasing in size ✘ Short-term - Liquidity
✘ Acquiring more of ✘ Profitability ✘ Long-term - Stability
something ✘ Investment Utilitzation

Never depends on single
INCOME
make investment to create a second
SOURCE

- Warren Buffet -
Novella Ltd.
INCOME STATEMENT
For the Years Ending December 3 1
($ 0 0 0 s)

20 0 5 20 0 4 20 0 3
Net Sales $ 3 ,20 0 $ 2,10 0 $ 1,0 20
Cost of Goods Sold:
Beginning Invent ory $ 340 $ 20 0 $ 300
Purchases 2,0 0 0 1,4 0 0 500

INCOME
Cost of Goods Available $ 2,3 4 0 $ 1,6 0 0 $ 800
Less : Ending Invent ory 4 20 340 20 0
Cost of Goods Sold $ 1,9 20 $ 1,26 0 $ 600

STATEMENT
Gross Profit $ 1,28 0 $ 840 $ 4 20

Operating Expenses:
Selling $ 445 $ 3 10 $ 19 5
General Administ rat ion 18 6 14 4 10 7
Amort izat ion 34 46 64
Ot her 15 10 5
Total Operating Expense 680 5 10 3 70

Earnings Before Interest & Tax $ 600 $ 330 $ 50


Less: Int erest Expense 15 20 30

Income Bef ore Tax $ 585 $ 3 10 $ 20


Less: Income Taxes 23 4 124 8

Net Income $ 351 $ 18 6 $ 12


Novella Ltd.
BALANCE SHEET
As at December 3 1
($ 0 0 0 s)

20 0 5 20 0 4 20 0 3

Assets
Current Asset s:
Cash $ 91 $ 34 $ 40
Account s Receiveable 356 20 5 85
Invent ory 4 20 340 20 0
Prepaid Expenses 2 5 5

BALANCE
Tot al Current Asset s $ 869 $ 584 $ 330

Plant and Equipment :


Of f ice Equipment (net ) $ 51 $ 64 $ 80
Vehicles (net ) 74 70 10 0
Tot al Fixed Asset s $ 125 $ 13 4 $ 18 0

SHEET
Total Assets $ 994 $ 718 $ 5 10

Liabilities & Shareholders' Equity


Current Liabilit ies:
Account s Payable $ 210 $ 13 3 $ 40
Not es Payable (Bank) - 40 10 0
Taxes Payable 20 10 1
Accrued Expenses 2 4 4
Current Port ion of Long-Term Debt 20 20 20
Tot al Current Liabilit ies $ 25 2 $ 20 7 $ 16 5

Long-t erm Liabilit ies:


Long-t erm Debt $ 40 $ 60 $ 80
Total Liabilities $ 29 2 $ 26 7 $ 24 5

Shareholders' Equit y:
Capit al St ock $ 25 0 $ 25 0 $ 25 0
Ret ained Earning 452 20 1 15
Total Shareholders' Equity $ 70 2 $ 451 $ 26 5

Total Liabilities & Shareholders' Equity $ 994 $ 718 $ 5 10


Profitability Ratios
2005 2004 2003

Cost of Goods
60% 60% 58,82% OKAY
Sold to Sales

Gross Profit to
40% 40% 41,18% OKAY
Sales
Operating
Expense to 21,25% 24,29% 36,27% GOOD
Sales

EBIT to Sales 18,75% 15,71% 4,90% GOOD

Net Income to
10,97% 8,86% 1,18% GOOD
Sales
Profitability Ratios
Cost of Goods Sold to Sales OK
Gross Profit to Sales OK
Operating Expense to Sales GOOD
EBIT to Sales GOOD
Net Income to Sales GOOD
Investment Utilization Ratios

2005 2004 2003

Inventory
5,05 times 4,67 times 3,00 times OKAY
Turnover
Fixed Asset
24,71 times 13,38 times 5,67 times OKAY
Turnover

Total Asset
3,74 times 3.42 times 2,00 times GOOD
Turnover
Investment Utilization Ratios
Inventory Turnover OK
Fixed Asset Turnover OK
Total Asset Turnover GOOD
Liquidity Ratios
2005 2004 2003

Current Ratio 3,45 times 2,82 times 2,00 times GOOD

Quick Ratio 1,78 times 1,18 times 0,79 times GOOD

Working Capital 3,45 times 2,82 times 2,00 times GOOD

Average Daily
8,89 $/day 5,83 $/day 2,83 $/day GOOD
Sales
Age of Account
40 $/day 35 $/day 30 $/day OKAY
Receivable
Liquidity Ratios – cont.
2005 2004 2003

Average Daily
Cost of Goods 5,33 $/day 3,50 $/day 1,67 $/day GOOD
Sold

Age of Inventory 79 $/day 97 $/day 120 $/day GOOD

Average Daily
5,56 $/day 3,89 $/day 1,39 $/day GOOD
Purchase
Age of Account
38 $/day 34 $/day 29 $/day GOOD
Payable
Liquidity Ratios
Current Ratio GOOD
Quick Ratio GOOD
Working Capital GOOD
Average Daily Sales GOOD
Age of Account Receivable OK
Liquidity Ratios – cont.
Average Daily Cost of Goods Sold GOOD
Age of Inventory GOOD
Average Daily Purchase GOOD
Age of Account Payable GOOD
Stability Ratios
2005 2004 2003

Net Worth to
70,62 % 62,81 % 51,96% GOOD
Total Asset

Total Debt to
29,38 % 37,19 % 48,04% GOOD
Total Asset

Debt to Equity 0,42 times 0,59 times 0,92 times GOOD

Long-term Debt
Interest 40,00 times 16,50 times 1,67 times GOOD
Coverage
Fixed Payment
5,90 times 2,36 times 0,27 times GOOD
Coverage
Stability Ratios
Net Worth to Total Asset GOOD
Total Debt to Total Asset GOOD
Debt to Equity GOOD
Long-term Debt Interest Coverage GOOD
Fixed Payment Coverage GOOD
Growth Ratios

2003-2005 2004-2005 2003-2004

Sales Growth 213,73 % 52,38 % 105,88% GOOD

Profit Growth 2825,00 % 88,71 % 1450,00 % GOOD

Asset Growth 94,9 % 38,44 % 40,78 % GOOD


Growth Ratios
Sales growth GOOD
Profit growth GOOD
Asset growth GOOD
thanks!
Any questions?

Don’t forget to smile every single day – gjy

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