A Presentation on

Course: Corporate Finance

Ratios analysis of

Apex Adelchi Footwear Limited

Saiera Kabir | 2546

Md.Sohel | 2287

Moin Sarker | 2534

Group Introduction

Chandrima Majumder | 2543

DHM Golam Dastagir | 2544

Nasrin Sultana | 2548

01 02 03 04

Let’s Go

Current Ratio

Year 2010 2011 2012 2013 2014

Current Assets 4,258,672,075 5,290,770,436 6057169775 7,420,556,241 9,809,373,339

Current Liabilities

3,950,977,717 4,651,574,679 5060830061 6,260,776,879 8412539684

Current Ratio 1.08 1.14 1.20 1.19 1.17

Table 1: Current Ratio of Apex Adelchi Footwear Limited

Liquidity Ratios

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Year 2010 2011 2012 2013 2014

Current Assets-Inventories

2,019,472,096 2,462,437,209 2695454735 3,010,099,407 3,538,151,806

Current Liabilities

3,950,977,717 4,651,574,679 5060830061 6,260,776,879 8412539684

Quick Ratio 0.51 0.53 0.53 0.48 0.42

Table 2: Quick ratio of Apex Adelchi Footwear Limited

Quick Ratio

Asset Management Ratios

Inventory Turnover Ratio

Year 2010 2011 2012 2013 2014

sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330

Inventories 2,239,199,979 2,828,333,227 3361715040 4,410,456,834 6,271,221,533

Inventory Turnover Ratio

3.11 3.36 2.90 2.48 1.83

Table 3: Inventory Turnover Ratio of Apex Adelchi Footwear Limited

Days Sales Outstanding(DSO):

Year 2010 2011 2012 2013 2014

Receivables 881,553,360 953,496,096 792733240 963,826,558 1,295,107,098

Sales ÷ 360 days

19,336,432 26,386,824 27078830.3 30,388,988 31844175.92

DSO 45.59 36.14 29.28 31.72 40.67

Table 4: Days Sales Outstanding of Apex Adelchi Footwear Limited

Fixed Assets Turnover Ratio

Year 2010 2011 2012 2013 2014

Sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330

Net Fixed Assets or Net Non-Current Assets

418,371,710 1,889,270,537 2111103023 2,153,982,977 2,411,991,520

Fixed Assets Turnover Ratio

16.64 5.03 4.62 5.08 4.75

Table 5: Fixed Assets Turnover Ratio of Apex Adelchi Footwear Limited

Total Assets Turnover Ratio

Table 6: Total Assets Turnover Ratio of Apex Adelchi Footwear LimitedYear 2010 2011 2012 2013 2014

Sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330

Total Assets

4,677,043,785 7,180,040,973 3107442737 9,574,539,218 12,221,364,859

Total Assets Turnover Ratio

1.48 1.32 1.19 1.14 0.94

Debt Management RatiosYear 2010 2011 2012 2013 2014

Total Debt

3950977717 5152165002 5689405219 1226178410 9352845065

Total Asset 4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859Debt Ratio

84% 72% 70% 13% 77%

Table 7: Debt Ratio of Apex Adelchi Footwear Limited

Debt Ratio

Equity Multiplier

Year 2010 2011 2012 2013 2014

Total assets 4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859

Stockholder equity 726,066,068 2,027,875,971 2286730921 2,496,114,103 2,637,333,839

Equity multiplier 6.44 3.54 3.58 3.83 4.63

Table 8: Equity multiplier Ratio of Apex Adelchi Footwear Limited

Profitability Ratios

Net Profit Margin

Table 9: Net Profit Margin of Apex Adelchi Footwear LimitedYear 2010 2011 2012 2013 2014

Net Profit 228,226,667 261,011,193 258854949 265,633,182 203,094,736

Sales 6,931,516,622 9,499,256,667 9748378905 10,940,035,731 11,463,903,330

Net Profit Margin 3.29% 2.75% 2.65% 2.43% 1.77%

Return on Total Asset

YEAR 2010 2011 2012 2013 2014NET INCOME

228,226,667 261,011,193 258854949 265,633,182 203,094,736

TOTAL ASSETS

4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859

RETURN ON TOTAL ASSET

4.88% 3.64% 3.17% 2.77% 1.66%

Table 10: Return on total asset Ratio of Apex Adelchi Footwear Limited

Return on Common Equity

Table 11: Return on common equity Ratio of Apex Adelchi Footwear LimitedYear 2010 2011 2012 2013 2014 Net Income 228,226,667 261,011,193 258854949 265,633,182 203,094,736common equity 726,066,068 2,027,875,971 2286730921 2,496,114,103 2,637,333,839Return on common equity 31.43% 12.87% 11.32% 10.64% 7.70%

Table 12: Earning per share of Apex Adelchi Footwear Limited

Earnings Per Share

Year 2010 2011 2012 2013 2014 Net Profit 228,226,667 261,011,193 258854949 265,633,182 203,094,736Number of shares 1124989.73 11250482.46 11249671.84 11250875.98 11251785.93earnings per share 202.87 23 23.01 24 18

Table 13: PE ratio of Apex Adelchi Footwear Limited

Price / Earnings (PE) Ratio

Year 2010 2011 2012 2013 2014

PE Ratio 20.27 12.74 10.04 17.45 24.57

Table 14: Market / Book ratio of Apex Adelchi Footwear Limited

Market / Book value Ratio

Year 2010 2011 2012 2013 2014MVPS 0.0999162 295.568 231.0204 411.9945 443.4885BVPS 645.397952 180 203.2709001 222 234Market/Book value

0.00016 1.63979 1.13651 1.85700 1.89208

Summery Dissatisfactory Satisfactory• 2.1. Liquidity Ratios• Current Ratio – Dissatisfactory• Quick Ratio -Dissatisfactory • 2.2. Asset Management Ratios• 2.2.1. Inventory Turnover Ratio - Dissatisfactory• 2.2.2. Days Sales Outstanding - Dissatisfactory• 2.2.3. Fixed Assets Turnover Ratio - Dissatisfactory • 2.2.4. Total Assets Turnover Ratio - Dissatisfactory• 2.3. Debt Management Ratios• 2.3.1 Debt Ratio - Dissatisfactory• 2.3.2 Equity Multiplier - Dissatisfactory• 2.4. Profitability Ratios• 2.4.1. Net Profit Margin - Dissatisfactory• 2.4.2. Return on Total Assets - Dissatisfactory• 2.4.3. Return on Common Equity - Dissatisfactory• 2.4.4. Earnings per Share (EPS) - Dissatisfactory

• 2.5. Market Value Ratios

• 2.5.1. Price/Earnings (P/E) Ratio -satisfactory

• 2.5.2. Market/Book (M/B) Ratio - satisfactory

ANY QUESTIO

N ?

Thanks For Listening