ACCOUNTING RATIOS (Phần 2)

ACCOUNTING RATIOS

(Phần 2)

accounting ratios

Case study:

	20X1	20X0
	$'000	$'000
Revenue	25,500	17,250
Cost of sales	-14,800	-10,350
Gross profit	10,700	6,900
Distribution costs	-2,700	-1,850
Administrative expenses	-2,100	-1,450
Finance costs	-650	-100
Profit before taxation	5,250	3,500
Income tax expense	-2,250	-1,000
Profit for the year	3,000	2,500

STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH
		20X1		20X0
	$'000	$'000	$'000	$'000
Non-current assets
Property, plant and equipment		9,500		5,400
Intangibles		6,200		0
		15700		5,400
Current assets
Inventory	3,600		1,800
Trade receivables	2,400		1,400
Bank	0		4,000
Non-current assets held for sale	2,000	8,000	0	7,200
Total assets		23,700		12,600
Equity and liabilities
Equity
Equity shares of $1 each		5,000		5,000
Retained earnings		4,500		2,250
		9,500		7,250
Non-current liabilities
5% loan notes		2,000		2,000
8% loan notes		7,000		0
Current liabilities
Bank overdraft	200		0
Trade payables	2,800		2,150
Current tax payable	2,200	5,200	1,200	3,350
Total equity and liabilities		23,700		12,600

Answer:

		20X1	20X0
PBIT	5,250+650/ 3,500+100	5,900	3,600
Capital employed	(9,500+2,000+7,000)/(7,250+2,000)	18,500	9,250
ROCE:	(5,900 / 18,500) / (3,600 / 9,250)	31.90%	38.90%
Asset turnover ratio:	(25,500/18,500)/(17,250/9,250)	1.38 times	1.86 times
Net profit margin:	(5,900 / 25,500) / 3,600/ 17,250)	23.10%	20.80%
Gross profit margin:	(10,700 / 25,500) / (6,900 / 17,250)	42%	40%
ROE	(3,000 / 9,500) / (2,500 / 7,250)	31.50%	34.50%
Gearing	(9,000 / 18,500) / (2,000 / 9,250)	48.60%	21.60%
Interest cover	(5,900 / 650) / (3,600 / 100)	9 times	36 times
Current ratio	(8,000 / 5,200) / (7,200 / 3,350)	1.5	2.1
Quick ratio	(2,400 / 5,200) / (5,400 / 3,350)	0.5	1.6

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