Net Profit Margin
19.49% 19.90%
17.85%
16.58%
15.49%
2014 2015 2016 2017 2018
Net Profit Margin:
Companies net profit margin indicates that from 2014 to 2017 , It had an increasing trend which means
that company is converting sales to profit efficiently but in the last year the trend is decreased which
means that the company had not perform well to convert sales into profit.
Gross profit margin
33.93% 33.12%
31.28%
28.50%
26.24%
2014 2015 2016 2017 2018
Gross Profit Margin:
Companies gross profit margin indicates that company is going at a increasing trend from 2014 to 2017
as it is making profit after paying its cost of goods sold which means that company uses its labor and raw
material efficiently but in last year company had a decreasing trend which means the company is not
working efficiently.
Earnings per share
53.78
49.45 50.01
45.32
38.88
2014 2015 2016 2017 2018
Earnings per Share:
Earnings per share is the same as any profitability or market prospect ratio. Higher earnings per share is
always better than a lower ratio because this means the company is more profitable and the company
has more profits to distribute to its shareholders.
Book value per share
338.85
297.50
251.90
211.82
174.98
2014 2015 2016 2017 2018
Book Value Per Share:
This measurement is used by investors to evaluate the price of a company's common stock. For
instance, if the market value per share is lower than the book value per share, then the stock price may
be undervalued. However, book value is not market value.
Debt to Tangible Net worth ratio
0.64
0.62
0.56 0.55
0.50
2014 2015 2016 2017 2018
Debt to tangible net worth ratio:
a ratio indicating the level of creditors’ protection in case of the firm’s insolvency by comparing
company’s total liabilities with shareholder’s equity (excluding intangible assets, such as trademarks,
patents etc.). the Company ratio indicates that if the company is going to bankrupt, 1 dollar of tangible
net worth for every 0.64 cents of debt in 2014, 0.62 in 2015, 0.56 in 2016, 0.50 in 2017, 0.55 in 2018.
The decrease in trend is good for the company.
Debt to Asset
0.36 0.36
0.34
0.34
0.32
2014 2015 2016 2017 2018
Debt to asset:
As Debt to asset ratio is less then one which mean company had more assets then it liabilities so in case
of any obligations company can easily pay off.
Operating income Margin
27% 26%
23%
21%
19%
2014 2015 2016 2017 2018
Operating income Margin Ratio:
The operating profit margin ratio is a key indicator for investors and creditors to see how businesses are
supporting their operations. If companies can make enough money from their operations to support the
business, the company is usually considered more stable. On the other hand, if a company requires both
operating and non-operating income to cover the operation expenses, it shows that the business’
operating activities are not sustainable.
The Company had a increasing trend from 2014 to 2016, as it shows that company is making enough
money from its ongoing operations where as from 2017 and 2018 the company is not going well which
means it is not making enough money from its ongoing operations.
Price/Earnings Ratio
16.09 16.84
12.22
10.88
7.53
2014 2015 2016 2017 2018
Price to Earnings Ratio:
A company with a lower ratio, is usually an indication of poor current and future performance. This
could prove to be a poor investment. A higher ratio means that investors anticipate higher performance
and growth in the future. Here company had a decline phase inn 2018
Days Sales in Receivables
12.84
12.04
9.51 9.33
8.99
2014 2015 2016 2017 2018
Days Sales In Receivables:
Days Sales receivables are increasing which means that customers of this company are unable or
unwilling to pay on their purchases.
Time Interest Earning Ratio
33.07
28.68
22.02
18.74
15.62
2014 2015 2016 2017 2018
Time Interest Earning Ratio:
The ratio indicates how many times a company could pay the interest with its before tax income. So
company do have a increasing trend but In last year t is declining.
Debt to Equity Ratio
0.56 0.55
0.51
0.51
0.47
2014 2015 2016 2017 2018
Debt to Equity Ratio:
A lower debt to equity ratio usually implies a more financially stable business. Companies with a higher
debt to equity ratio are considered more risky to creditors and investors than companies with a lower
ratio. So the company is in stable condition.
Sales/Equity
0.92
0.77
0.66
0.62
0.59
2014 2015 2016 2017 2018
Sales to Equity:
The decreasing trend shows that company is not using it equity well to generate sales/
Total Asset Turnover
0.69
0.58
0.49
0.45 0.44
2014 2015 2016 2017 2018
Total asset Turnover:
The decreasing trend show the company is not using its assets efficiently to generate sales.
Cash Conversion Cycle (days)
2014 2015 2016 2017 2018
-12.75
-43.65
-73.50
-79.23
-83.14
Cash Conversion Cycle:
the cash conversion cycle can be viewed as a sales efficiency calculation. So It shows that company is not
quickly and efficiently is buying, selling, and collecting on its inventory.
Operating cycle (Days)
80.59
78.02
77.15
75.39
73.15
2014 2015 2016 2017 2018
Operating Cycle(Days):
The Company overall performance is not good but it take less time in converting inventories to cash in
year 2014 and 2018 as compare to other years.
A/P Turnover (days)
160.29 159.82
148.89
121.67
85.90
2014 2015 2016 2017 2018
Account Payable turnover (days):
Company is taking much time to pay cash to its suppliers, it may indicate that company had a worst
financial condition. but as compare to 2016 the turnover is slightly decreasing that may show that
company is utilizing the discount from suppliers. So that’s why the days of payments has decrease.
A/P Turnover
4.25
3.00
2.45
2.28 2.28
2014 2015 2016 2017 2018
A/P turnover:
It is decreasing which means company has started paying to is supplier to avail some benefits.
Receivables Turnover (days)
17.20
14.78
13.90 13.67
13.22
2014 2015 2016 2017 2018
Receivable Turnover days:
It is increasing that shows that company is having sales on credit term.
Receivables Turnover
27.61
26.27 26.71
24.69
21.21
2014 2015 2016 2017 2018
Receivables Turnover:
It shows that company had Less amount in its receivable accounts.
Inventory Turnover(Days)
65.81
64.12
63.49
59.93
58.18
2014 2015 2016 2017 2018
Inventory Turnover Days:
As compare to other years company is taking less time in converting inventory to sales.
Inventory Turnover
6.34
5.93
5.43 5.26
4.97
2014 2015 2016 2017 2018
Inventory Turnover:
It shows that inventory is in excess amount or having poor sales in 2018 as compare to other years.
Current Ratio
4.34
3.45 3.41 3.38
2.95
2014 2015 2016 2017 2018
Current Ratio:
Increase in trend show company had adequate asset settle it liabilities whereas decrease in trend shows
the opposite.
Quick Ratio
2.29
2.20
2.06
1.71
1.62
2014 2015 2016 2017 2018
Quick Ratio:
Overall performance to pay it current liabilities is in favorable condition.
Return on Assets
14.29%
13.77%
12.96%
12.33%
9.79%
2014 2015 2016 2017 2018
Return on Assets:
Decrease in trend indicates that it is not favorable to investors because it shows that the company is not
effectively managing its assets to produce greater amounts of net income.
Return on Equity
22.22%
21.40%
19.63%
18.08%
14.76%
2014 2015 2016 2017 2018
Return on Equity:
Company is having decreasing trend, which shows that company is not utilizing its shareholder equity to
generate profit.
Degree of financial leverage
1.06
1.03
1.00
0.95
0.92
2014 2015 2016 2017 2018
Degree of financial Leverage:
Degree of financial leverage is low which means that company may not face financial issues.
working capital
39,132,725
36,492,047
32,221,830
20,028,664 19,142,280
2014 2015 2016 2017 2018
Working Capital:
Working Capital is increasing which shows that current assets are more than current liabilities.
Cash Ratio
1.56
1.40
1.06
0.92 0.93
2014 2015 2016 2017 2018
Cash Ratio:
Cash Ratio is increasing which means that company is more liquid and can easily fund its debt.
Sales to working
8.58
8.10
5.09 5.35
4.47
2014 2015 2016 2017 2018
Sales to Working:
Decrease in trend shows that company is not using it working capital to sales.
Cash Basis times Interest Earned
40.74
35.21
29.02
19.02
15.86
2014 2015 2016 2017 2018
Cash Basis Times interest Earned:
high TIE-CB ratio indicates that a company has a lot of cash on hand that it can devote to repaying debts,
thus lowering its probability of default. This makes the business a more attractive investment for debt
providers. Conversely, a low TIE-CB means that a company has less cash on hand to devote to debt
repayment. Thus, there would be a higher probability of default. Thus the company is in Favorable
condition though it has decrease in last year.
Dupont analysis
11% 10%
10%
9%
7%
2014 2015 2016 2017 2018
Dupont Analysis:
The decrease in trend shows that company need to improve its strategy. To Increase profits and returns.
sales to fixed assets
4.63
4.43
4.39
4.14
4.08
2014 2015 2016 2017 2018
Sales to fixed Assets:
It indicate that company using small amount of asset to generate more sales.
return on common equity
61%
58%
52%
47%
37%
2014 2015 2016 2017 2018
Return on Common Equity:
Decrease in trend mean that company is not earning profit efficiently from its equity.
return on investment
24% 23% 23%
20%
15%
2014 2015 2016 2017 2018
Return on investment:
Decrease in trend shows that company is not utilizing it investment or assets to generate sales.
Dividend Payout
0.28
0.24 0.24
0.21 0.22
2014 2015 2016 2017 2018
Dividend Payout:
Increase in dividend payout means that companies operation are going well and so they are paying high
dividends
Dividend Yield
4%
2%
2%
1% 1%
2014 2015 2016 2017 2018
Dividend Yield:
Overall trend is decreasing means that investors are not getting high compensation on their investment.
Whereas increase in last year investors were highly compensated by company.
% of RE
98%
98%
98%
97%
97%
2014 2015 2016 2017 2018
% of RE:
Increase in trend means after paying all the dividend company have retained its earning efficiently.
Book value per share
338.85
297.50
251.90
211.82
174.98
2014 2015 2016 2017 2018
Book Value per Share:
Book Value per share is increasing so means that company is going good.