Percentage Analysis

8/9/2019 Percentage Analysis

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Percentage Analysis

Trend Analysis

There has been the constant uprising trend in the Net Sales of the Ferozsons right from the start

of the 2004. There is the general rising trend. However the Increase in cash has been in

consistent throughout the whole period as can be seen in the year 2008n and 2009. But the

Accounts receivables had sharp rises. Most of the work was been done on credit. But in 2008 the

receivables are also on decline. Seems like the hidden costs consumed most of the cash and

receivables declined in the process as well. The reason of it could be the constant increase in the

costs that can be sited in the Financial Statement. The fixed assets also appear in the constant

rise hence the extra cash earned could have been spent to increase the assets and the accounts

receivables may had been replaced with the assets.

The company also increased its Net Total Investment in the number of companies hence most of

the cash was diversified. The increase in investment is tremendous after the year 2006.n the

increase is evident from the increase in the Share in profit of Farmica by 2008 of around 285% as

compared to that of loss of 64% in the year 2004.

Companys prepaid expenses have been increasing constantly for the year 2005 and 2006 but

however most of them were used upp till the end of the 2008 and the increase declined sharply

by the end. Companys inventory rose constantly hence overall there has been the constant and

sharp increase in the current assets of the company hence the company would have been on the

financial boom during the tenure. Company provides the facility of loans and has invested in

many deposits as well hence the company has its legs spread to all sides wide and open. Thus the

cash and income sources are a lot but the cash in hand seems to be low as compared to all the

investments being made by the firm hence the liquid assets accounts doesnt appear to be rich.

One can easily notice the increase in the tax provision by the government and the increase has

been seen throughout the period. Increase in the profit after tax has hit the maximum point till

2008 of about 318% as compared to that of year 2004. The financial heath has been more than


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satisfactory alone by the fact but the increase in receivables has been more so the cash in hand

and the dividends to be distributed hold a question mark at their face.

The assets and the Stockholders Equity section show a remarkable increase. Total Assets have

been increasing constantly hence a bright future can be predicted rightly as they increased by400% till 2008. The Companys reliability and good market repute can be guaranteed.

Common Size Analysis and Index Analysis

In the total Stockholders Equity, the net profit constitutes for around 21% in 2007, the amount increased

to 23% in the preceding year. The trend is upward hence the growth is positive and the margins are

attractive for the stockholders. The company has managed well its distribution channels and as a result the

part of Total Equity allocated to it has decreased from 23% in 2007 to 21% in 2008. The company seems

to be gaining the economies of scale, a good sign after all. The companys share in the profit of the

farmica increased as well as you can see in the figures stated hence the overall Equity increased due to the

reason. So the companys investments can be termed as profitable and the Equity financing is in good

shape. Company faces the threat from the increased tax provision by the government and the profit

margins are said to be reduced due to the same effect. The companys administrative expenses increased

its share in the total equity hence the official expenditures need to be controlled or in a way employs are

too much easy going for what they spend during the working hours. The increase in Gross profit is indeed

a very remarkable signal fro the companys well being an a promise of good dividends for the stock

holders an case the other expenses maybe reduced somehow. Overall the total Stockholders Equity has

increased allowing them to claim high profits and fruitful results for them. The Index Analysis performed

for the financial Statement makes it clear and completely backs our analysis. The Costs of Goods sold

other Operating Income, Selling and Distribution Cost and Financial Cost all have been reduced. The

Other Operating Income fell by 18% which is the decline in the total Equity. The Reduction In costs is a

positive trend towards the EOS (Economies of Scales). The Net Profit of the company has increased by

around 8% leaving the overall positive impact.

The operating Income has decreased as the relationship can be derived from the increase in the Fixed

assets as the operating Income is invested in the buying process of the land, plant and equipments. The

inventory has increased around 35% that shows the positive trend in the production process and indication

for the rising demand for the products of the company. The prepaid expenses are declining as the


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expenses accrued overtime are depreciating with the consumption of services and the investments. The

cash has declined in the bank and the receivables are also on a big decline at about 88%. The companys

income has been reinvested immediately as stated by the financial reports so there are no withheld

finances and the firm is doing well to do with it. But as seen from the earlier analysis the companys

doing much of its dealings at credit hence the companys liquid assets are at low scale. Companys total

current assets are increasing. The total current assets have increased by 15% bringing a net change of

21% in Total assets.


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Ratios Analysis

Gross Profit Ratio.

Company

name 2008 2007 2006 2005 2004

Gross Profit

Ratio

Ferozson 0.58000614 0.54952121 0.570820202 0.573764428 0.616516

Otsuka 0.3306322 0.35257923 0.34392416 0.344812343 0.3684616

Highnoon 0.35531101 0.40795047 0.404083156 0.361214325 0.3659792

This ratio measures the share of Gross Profit in the Net Sales of the Company. The Gross Profit

of the Ferozsons shared 58% in 2008 while Otuska and Highnoon had the 33% and 35.5%. hence

the gross profit of the ferozsons was the highest in the 3 companies in question. The Gross Profitof all three companies has been in decline but ferozsons has got somewhat stable Gross Profit

Ratio. Otsuka faced the constant decline in the ratio of Gross profit with its Net Sales with

highest in 2004 of about 36.8% which was only 33.6%. for highnoon the record has been very

fluctuating as lowest in 2008 at 35.5% and highest in 2007 at 440.8%. But for the ferozsons the

record was on level for the whole span and the decline was minimal. With highest of 61.6% of

gross profit ratio in 2004 and lowest in 2007 at around 55%, still higher than the highest of the

other two.


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Operating Profit (Margin) Ratio

Company

name 2008 2007 2006 2005 2004

Operating

Profit

(Margin)

Ratio

Ferozson 0.23278376 0.21710862 0.233799066 0.23417928 0.2015356

Otsuka 0.10291753 0.12678236 0.116507012 0.108450197 0.1405999

Highnoon 0.03264985 0.05450274 0.049633124 0.040477108 0.037446

This ratio indeed measures the profits of the company in case there were no tax provisions by the

govt. and it measures the Earnings of the company if the tax has not been intact. It is also called

the Earning Before Income Tax(EBIT) Ratio. As we can see in the table, the EBIT Ratio is

highest in case of the ferozsons abd has increased contantly. However, the trend in the Otsuka is

quite the opposite as there can be seen the constant decrease but it has still got higher EBIT Ratio

than those of the Highnoon throughout the year. Highnoon has unpredictable and fluctuating

trend. In 2008 23.2% of Net Sales of ferozsons were its operating profits while the figures for

Otsuka and the Highnoon are 10.2% and 3.2% respectively. Ferozsons had highest EBIT ratio

23.4% in 2005 and lowest in 2004 i-e 20.1%. otsuka had its peak in 2004 at 14% and went

through the constant decline to 10.3% in 2008. Highnoon showed the 2008 to be the worst EBITratio year at 3.2% and the best was 2007 at 5.45% of Net Sales were Operating profits. Hence the

ferozsons had greater Operating profits and that would have led to greater Retained Earnings and

better Dividend and Dividend Yield.


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Net Profit Ratio

Company

name 2008 2007 2006 2005 2004

Operating

Profit Ratio

Ferozson 0.53719832 0.29164291 0.286260186 0.312326973 0.3084021

Otsuka 0.09561896 0.11670042 0.108648461 0.10244144 0.1306161

Highnoon 0.04974683 0.0678697 0.064956857 0.052383419 0.0682321

This ratio states that how much Net Profit the company earns on the Net Sales of $1. Ferozsons

net profit shows a downward trend in 2006 and 2007 before reaching the boom in 2008 at

earning $ 0.54 approximately at every 1$ sale. This ratio is low for the other two competitors

throughout the year as they never overtook the Ferozsons. Otsuka was in decline as seen by its

gross profit and EBIT and Highnoon follows the random walk. Otsuka had the highest Net profit

in 2004 at 13% and highnoon had the 6.8% highest in same year. They couldnt even touch the

lowest of Ferozsons in 2006 at 28.6%

Return on Equity

Company

name 2008 2007 2006 2005 2004

Return on


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Equity

Ferozson 0.28766949 0.33384367 0.390578767 0.753235369 0.4780264

Otsuka 0.20981676 0.22851634 0.200239369 0.187752138 0.0405014

Highnoon 0.09300011 0.17066903 0.153013747 0.112851799 0.1133259

This ratio shows the profitability of owner investment. The ratio states the returns that common

stockholders get on their share in the total stockholders equity and their capital investment. The

return on equity for ferozsons is the highest as compared to the other two competitors. Ferozsons

maintained the greater return for its common stockholders throughout the year. In 2004 Otsuka

provided less return but by 2008 Highnoon was not in lead in lead against Otsuka by 20.9%

against 9.3%. ferozsons have been giving the 75% return in 2005 to be its highest and otsuka

gave 22% as highest in 2007 and in 2007 17% return on equity to the common stockholders of

Highnoon.

Price Earning (Times)

Company

name 2008 2007 2006 2005 2004

Price Earning

Ratio(Times)

Ferozson 20.6 14.9307646 11.70759566 7.80070458 8.2012028

Otsuka

Highnoon

Earning Yield

Company

name 2008 2007 2006 2005 2004

Earning Yield


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Ferozson 4.85436893 6.69758065 8.541463415 12.81935484 12.193333

Otsuka

Highnoon

Dividend Payout Ratio

Company

name 2008 2007 2006 2005 2004

Dividends

payout Ratio

Ferozson 262.647619 29.3363421 34.0212033 40.04483523 113.1438

Otsuka

Highnoon

Dividend Yield

Company

name 2008 2007 2006 2005 2004

Dividend yield

Ferozson 0.97087379 2.62096774 1.951219512 2.820512821 2.6666667

Otsuka

Highnoon


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Return on Assets

Company

name 2008 2007 2006 2005 2004

Return on

Asset

Ferozson 16.0758993 18.5349515 23.27746035 31.39176969 25.891884

Otsuka 0.08277676 0.09840681 0.101597977 0.104238024 0.1421988

Highnoon 0.04484603 0.08088142 0.067778039 0.047967891 0.0450313

It measures the efficiency of assets in producing the sales. Thus it is the measure that how

efficiently the assets are being used to increase the sales or how much sales are being produced..

the return on assets is much greater in the ferozsons with minimum of 1600% in 2008 and

maximum of 3100% in 2005. The return on assets of ferozsons is far beyond comparison with

the other two in which otsuka had the highest of 14% in 2004 compared to 2500% of ferozsons

and 4% of Highnoon. Highnoon had the highest return of only 8% in 2007 as compared to 9%

and 1800% of otsuka and ferozsons respectively.

Current Ratio

Company

name 2008 2007 2006 2005 2004

Current

Ratio

Ferozson 2.5974409 2.93994356 2.863706923 2.77114431 1.6951172

Otsuka 1.13033361 1.16593385 1.308744197 1.421122845 1.6649051

Highnoon 0.04484603 0.08088142 0.067778039 0.047967891 0.0450313

It is the measurement of short term loan paying ability of an organization. The measurements

suggest that how much liability each of the asset has to pay. Like the current ratio of ferozsons in


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2007 state that for every 1$ of liabilities, there are3 2.93 $ of assets to payback there loan.

Ferozsons had least current ratio of 1.66 in 2004 but still was the greatest than the other two and

it suggested the strong financial condition of the company. Otsuka was quiet a sound company

and had enough assets to back its liabilities and the current ratio was highest in 2004 at 1.66,

although it then fell to 1.13 by 2008. The weakest of the three is the highnoon, as the company

seems to be already in the lot of debts as the ratio is decimals which means the liabilities that the

company owes have not sufficient funds are the assets to back these conditions. The situation is

alarming for the Highnoon and it must prefer to pay as much as possible.

QuickRatio

Company

name 2008 2007 2006 2005 2004

Quick (Acid-

Test) Ratio

Ferozson 1.675852 2.07246189 1.550928766 1.821307576 0.978441

Otsuka 0.65372902 0.65078604 0.965228522 0.99353963 1.0721013

Highnoon 0.50895043 0.51106865 0.497153352 0.520678878 0.4568279

It measures the intermediate short term debt paying ability. And as foreseen the ferozsons is

doing best with the more assets to back up the liabilities at hand and the assets are quite in good

shape and have more cash in hand. However the otsuka and Highnoon are both not doing well.

The ratio fell for otsuka in 2004 declining with the passage of time from 107% to 65.3%. but the

trend is alarming for the sirens. For the Highnoon the ratio remained low but cautiously stable

between the range of 45% and 52%.

Receivables Turnover


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Company

name 2008 2007 2006 2005 2004

Receiveable

turnover

Ferozson 33.0649179 41.4085149 81.87459246 108.0877334 72.802062

Otsuka 6.66418596 6.32575972 5.041980146 4.750715939 4.4738278

Highnoon 2 2 0.394991142 1.102251105 0.7781751

This ratio measures the efficiency of collection of Cash against the sales. And to see how much

of the cash is in credit and need to be relieved. The recovery or cash collection is not so good

with the ferozsons as the sales seem to be high but so does the Average Account Receivables. It

is a symbol so the loss of liquid asset such as cash. However Highnoon gives you the chock to

see that most of its work has been the cash basis not on the credit but through case. Ferozsons

have more to recover, followed by otuska and then the highnoon. The lesser the better.

Receivables Turnover Days

Company

name 2008 2007 2006 2005 2004

Receiveable

turnover days

Ferozson 11.0388903 8.81461217 4.458037458 3.376886429 5.0135943

Otsuka 54.7703804 57.7005792 72.39219303 76.83052507 81.585617

Highnoon 182.5 182.5 924.0713562 331.1405162 469.04612

This ratio measures the liquidity of Accounts Recievebable. It states that how much time a $1 in

Accounts Receivables takes to turn into the cash. Greater the ratio means more the recievablesare and the less is the cash in hand. In the table given here ferosons has the the lowest ratios of

the other two. Highnoon has been a weak company and it takes a lot of days to convert its

receivables to cash. As in 2006 highnoon had the ratio around 924 and even the lowest is 182.5

in years 2007 and 2008. The otsuka has the less ratio values fro the span of four years with


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highest of 81.5 in 2004 and has decreased the ratio constantly to 54.77 till 2008. Overall it takes

minimum days with the ferozsons to convert its receivables to cash, then to otsuka and highnoon.

Inventory Turnover Ratio

Company

name 2008 2007 2006 2005 2004

Inventory

Turnover

Ratio

Ferozson 2.48922114 2.97686874 2.663480923 3.076899012 4.1762586

Otsuka 2.02600756 1.90749369 2.713307088 2.255176115 1.3538944

Highnoon 2.8708317 2.8183066 2.835770263 2.903233247 2.6434932

Inventory turnover ratios measures how efficient a company is in managing its inventory. It

states how long a company keeps its inventory before selling it and how efficiently it does that.

With the above data we can conclude that although Feroz Sons have a high and low graphs,

highnoon come out to be the most efficient out of three with constant or nearly constant ratios

across the span of 5 years. The lowest figure for Feroz sons was in the 2008 with 2.48 while for

otsuka it was 1.90 in 2007 and for highnoob it was way back in 2004 with 2.64.While the highest

figures for Feroz sons were in 2004 with 4.17, for otsuka in 2006 with 2.71 and for highnoon in

2005 with 2.90. Feroz Sons has been seeing a constant decline in inventory management

efficiency since 2004 with the exception of 2007 which showed a little improvement. While for

Otsuka the efficient inventory management has been variable, increasing constantly from 2004 to

2006, decreasing in 2007 and again increasing in 2008. While Highnoon had more of a stable

inventory management with minor changes.It only decreases from 2.90 in 2005 to 2.835 in 2006

other then that the company has seen little changes regarding its inventory turnover ratio.

Highnoon is the most efficient inventory manager out of these three.


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Inventory turnover days

Company

name 2008 2007 2006 2005 2004

Inventory

Turnover

Days

Ferozson 146.632211 122.612057 137.0387138 118.6259278 87.398803

Otsuka 180.157274 191.350568 134.5221857 161.8498873 269.59267

Highnoon 127.140856 129.510395 128.7128244 125.7219 138.07488

Inventory turnover days measure how long inventory has been kept before selling it out. The

lower the time the company kept its inventory the better it is. With above data Feroz Sons has the

lowest inventory turnover days in 2004 with 87.39 and highest in 2008 with 146.63. Otsuka had

the lowest in 2006 with 134.52 and highest in 2004 with 269.59. While Highnoon had the lowest

in 2005 with 125.72 and highest in 2004 with 138.07. The above data shows that HIghnoon

among the three has the least inventory turnover days over the period of 5 years with Feroz Sons

and Otsuka lagging behind.

Total Assets Turnover ratio

Company

name 2008 2007 2006 2005 2004

Total Assest

turnover ratio


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Ferozson 0.69059369 0.85371791 0.995618191 1.340501591 1.2346492

Otsuka 1.28681654 1.31554735 1.477659 1.567304119 1.6311616

Highnoon 1.37354462 1.36558075 1.365580747 1.185062212 1.2025682

Total assets turnover ratio measures how much assets are efficient in producing sales for the

company. It states how much efficient a company is in using its assets to generate sales thus

making it an important factor to calculate the operating efficiency of the company. From the

above figures we can see that Feroz Sons had the most efficient operating year in 2004 with total

assets to turnover ratio being 1.23, otsuka also had it in 2004 with operating efficiency being

1.63 but highnoon had the highest operating efficiency and assets to turnover ratio in 2008. Feroz

Sons as a company had been seeing the constant decline in assets to turnover ratio from 2004 to

2008. Although Feroz Sons as a company has been growing but the company has not been ableto use its assets efficiently to generate sales. Same is the case for Otsuka the company has been

growing constantly over the span of 5 years but hasnt been able to use its assets efficiently to

pull sales. But there is a different case for Highnoon, the company has been growing constantly

and also has been improving its assets to turnover ratio and is most efficient company out of the

three to use its assets in producing sales.

Interest Coverage Ratio

Company

name 2008 2007 2006 2005 2004

Interest

Coverage

Ratio

Ferozson 196.783703 62.3162967 96.15905534 119.8551075 109.07116

Otsuka 14.1010521 12.5751906 12.73475936 63.88825758 74.118731

Highnoon 1.43264195 2.94076062 2.582359487 1.96346259 3.2643812

Interest coverage ratio measure the ability of the company to pay its interest expenses. The larger

this ratio will be the less risky the company is for creditors. Feroz Sons has the best Interest

coverage ratio among 3 with highest in 2008 with 196.78 and lowest in 2007 with

62.31.Feroz Sons has seen few declines along the way as well with 2006 and 2007 being bad


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years for the company but it recovered in 2008 to become the most trusted company for

creditors. While Otsuka is second less risky company for creditors with highest ratio in 2004

with 74.11 and lowest in 2007 with 12.57. Highnoon has the most riskier company for creditors

with highest ratio in 2004 with 3.26 and lowest in 2008. Highnoon among three is the most risky

company for creditors with ratio alarmingly low.

Working Capital

Company

name 2008 2007 2006 2005 2004

Working

Capital

Ferozson 313369443 299252267 206336018 181018088 82060014

Otsuka 53879 48796 73085 90282 99900

Highnoon 194314626 192211908 137199317 76589918 62976334

Working capital measures the operating liquidity available to business. A company requires

positive working capital in order to run its operations efficiently. Feroz Sons has the best current

assets to current liabilities ratio with lowest in 2004 with 82060014 and highest in 2008 with

313369443, with a constant increase in working capital over the span of 5 years. Otsuka has the

worst working capital as compared to other two. Otsuka had the highest working capital in 2004with 999000 and lowest in 2007 with 48796. Otsuka has seen a constant decline from 2004 to

2007 with new hopes in 2008 as the company managed to increase its working capital in 2008 as

compared to 2007. Highnoon had the lowest working capital in 2004 with 62976334 and highest

in 2008 with 194314626. Highnoon has seen a constant rise in working capital over the span of 5

years. Among these three Feroz Sons has the best working capital.


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Overall Ratio Analysis

The Gross Profit of all three companies has been in decline but ferozsons has got somewhat

stable Gross Profit Ratio. Otsuka faced the constant decline in the ratio of Gross profit and for

Highnoon the record has been fluctuating. While these other two companies had the decreasing

gross profit Feroz Sons has been continuously seeing the stable gross profit ratios over the span

of 5 years. The EBIT Ratio is highest in case of the ferozsons abd has increased contantly.

However, the trend in the Otsuka is quite the opposite as there can be seen the constant decrease

but it has still got higher EBIT Ratio than those of the Highnoon throughout the year. Ferozsons

net profit shows a downward trend in 2006 and 2007 before reaching the boom in 2008 at

earning $ 0.54 approximately at every 1$ sale. Net profit ratio of Otsuka and Highnoon is very

low as they never seem to overtake Feroz Sons.

The return on equity for ferozsons is the highest as compared to the other two competitors.

Ferozsons maintained the greater return for its common stockholders throughout the year. In

2004 Otsuka provided less return but by 2008 Highnoon was not in lead in lead against Otsuka

by 20.9% against 9.3%.

The return on assets is much greater in the ferozsons with minimum of 1600% in 2008 and

maximum of 3100% in 2005. The return on assets of ferozsons is far beyond comparison with

the other two. The current ratio of ferozsons in 2007 state that for every 1$ of liabilities, thereare3 2.93 $ of assets to payback there loan. Ferozsons had least current ratio of 1.66 in 2004 but

still was the greatest than the other two and it suggested the strong financial condition of the

company.

Ferozsons is doing best with the more assets to back up the liabilities at hand and the assets are

quite in good shape and have more cash in hand. However the otsuka and Highnoon are both not

doing well. Ferozsons have more to recover, followed by otuska and then the highnoon, the

lesser the better. It takes minimum days with the ferozsons to convert its receivables to cash, then

to otsuka and highnoon. Feroz Sons has been seeing a constant decline in inventory management

efficiency, while otsuka has also seen constant declines. Highnoon has been the most efficient

inventory manager over the span of 5 years. Although Feroz Sons as a company has been

growing but the company has not been able to use its assets efficiently to generate sales. Same is

the case for Otsuka the company has been growing constantly over the span of 5 years but hasnt


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been able to use its assets efficiently to pull sales. But there is a different case for Highnoon, the

company has been growing constantly and also has been improving its assets to turnover ratio

and is most efficient company out of the three to use its assets in producing sales.

HIghnoon among the three has the least inventory turnover days over the period of 5 years with

Feroz Sons and Otsuka lagging behind.Feroz Sons has seen few declines along the way as well

with 2006 and 2007 being bad years for the company but it recovered in 2008 to become the

most trusted company for creditors.

Otsuka is the less riskier company among the three, and that makes Highnoon the most riskier

company for creditors.Highnoon has seen a constant increase in working capital over the 5 year

period alongwith highnoon sharing the same trend. While otsuka had seen a constant decline

from 20047 to 2007, recovering back a bit in 2008.

Conclusion

Feroz Sons is the best company to Invest in with the its current financial health and its

performance over the time period of 5 years. The second best company to invest in is Otsuka

lagging behind Feroz Sons in numbers.Otsuk has good financial health and the company is

performing relatively good. While Highnoon is the worst company to invest in with its liabilities

exceeding its assets. But highnoon is the most efficient company when it comes to using assets to

produce sales, with other two companies having relatively smaller assets to turnover ratio.

Summary ofRatios

Company

name 2008 2007 2006 2005 2004

Gross Profit

Ratio


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Ferozson 0.58000614 0.54952121 0.570820202 0.573764428 0.616516

Otsuka 0.3306322 0.35257923 0.34392416 0.344812343 0.3684616

Highnoon 0.35531101 0.40795047 0.404083156 0.361214325 0.3659792

Operating

Profit

(Margin)

Ratio

Ferozson 0.23278376 0.21710862 0.233799066 0.23417928 0.2015356

Otsuka 0.10291753 0.12678236 0.116507012 0.108450197 0.1405999

Highnoon 0.03264985 0.05450274 0.049633124 0.040477108 0.037446

Operating

Profit Ratio

Ferozson 0.53719832 0.29164291 0.286260186 0.312326973 0.3084021

Otsuka 0.09561896 0.11670042 0.108648461 0.10244144 0.1306161

Highnoon 0.04974683 0.0678697 0.064956857 0.052383419 0.0682321

Return on

Equity

Ferozson 0.28766949 0.33384367 0.390578767 0.753235369 0.4780264

Otsuka 0.20981676 0.22851634 0.200239369 0.187752138 0.0405014

Highnoon 0.09300011 0.17066903 0.153013747 0.112851799 0.1133259

Price Earning

Ratio(Times)

Ferozson 20.6 14.9307646 11.70759566 7.80070458 8.2012028

Otsuka

Highnoon

Earning Yield

Ferozson 4.85436893 6.69758065 8.541463415 12.81935484 12.193333

Otsuka

Highnoon

Dividends

payout Ratio

Ferozson 262.647619 29.3363421 34.0212033 40.04483523 113.1438

Otsuka


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Highnoon

Dividend yield

Ferozson 0.97087379 2.62096774 1.951219512 2.820512821 2.6666667

Otsuka

Highnoon

Return on

Asset

Ferozson 16.0758993 18.5349515 23.27746035 31.39176969 25.891884

Otsuka 0.08277676 0.09840681 0.101597977 0.104238024 0.1421988

Highnoon 0.04484603 0.08088142 0.067778039 0.047967891 0.0450313

Current Ratio

Ferozson 2.5974409 2.93994356 2.863706923 2.77114431 1.6951172

Otsuka 1.13033361 1.16593385 1.308744197 1.421122845 1.6649051

Highnoon 0.04484603 0.08088142 0.067778039 0.047967891 0.0450313

Quick (Acid-

Test) Ratio

Ferozson 1.675852 2.07246189 1.550928766 1.821307576 0.978441

Otsuka 0.65372902 0.65078604 0.965228522 0.99353963 1.0721013

Highnoon 0.50895043 0.51106865 0.497153352 0.520678878 0.4568279

Receiveable

turnover

Ferozson 33.0649179 41.4085149 81.87459246 108.0877334 72.802062

Otsuka 6.66418596 6.32575972 5.041980146 4.750715939 4.4738278

Highnoon 2 2 0.394991142 1.102251105 0.7781751

Receiveable

turnover days

Ferozson 11.0388903 8.81461217 4.458037458 3.376886429 5.0135943

Otsuka 54.7703804 57.7005792 72.39219303 76.83052507 81.585617

Highnoon 182.5 182.5 924.0713562 331.1405162 469.04612

Inventory

Turnover

Ratio

Ferozson 2.48922114 2.97686874 2.663480923 3.076899012 4.1762586


20/20

Otsuka 2.02600756 1.90749369 2.713307088 2.255176115 1.3538944

Highnoon 2.8708317 2.8183066 2.835770263 2.903233247 2.6434932

Inventory

Turnover

Days

Ferozson 146.632211 122.612057 137.0387138 118.6259278 87.398803

Otsuka 180.157274 191.350568 134.5221857 161.8498873 269.59267

Highnoon 127.140856 129.510395 128.7128244 125.7219 138.07488

Total Assest

turnover ratio

Ferozson 0.69059369 0.85371791 0.995618191 1.340501591 1.2346492

Otsuka 1.28681654 1.31554735 1.477659 1.567304119 1.6311616

Highnoon 1.37354462 1.36558075 1.365580747 1.185062212 1.2025682

Interest

Coverage

Ratio

Ferozson 196.783703 62.3162967 96.15905534 119.8551075 109.07116

Otsuka 14.1010521 12.5751906 12.73475936 63.88825758 74.118731

Highnoon 1.43264195 2.94076062 2.582359487 1.96346259 3.2643812

Working

Capital

Ferozson 313369443 299252267 206336018 181018088 82060014

Otsuka 53879 48796 73085 90282 99900

Highnoon 194314626 192211908 137199317 76589918 62976334

Current Ratio

Ferozson 2.5974409 2.93994356 2.863706923 2.77114431 1.6951172

Otsuka 1.13033361 1.16593385 1.308744197 1.421122845 1.6649051

Highnoon 1.37333004 1.41544649 1.310250776 1.179019429 1.1669732

Date post:	30-May-2018
Category:	Documents
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