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Saritow spinning Mills Ltd.

Liquidity ratios

Current ratio

current ratio = current assets/current liabilities

year current assets current liabilities Current Ratio results2006 362644 397958 0.91

2007 358165 409656 0.87

2008 303442 332562 0.91

2009 228616 329467 0.69

2010 160492 202120 0.79

Quick ratio

Quick ratio = current assets - ( inventory + prepaid exp)/ current liabilities

year current assets current liabil it ies Inventory P. exp/ other exp Quick Ratio results

2006 362644 397958 3679 189988 0.42

2007 358165 409656 6634 117656 0.57

2008 303442 332562 6082 100755 0.59

2009 228616 329467 3520 50552 0.53

2010 160492 202120 12405 59253 0.44

Absolute liquid ratio

CASH+BANKBALANCE+MKTSECURITIES/C.LIABILITES

year Cash+bank balan Mkt secu/S.term invest current liabilities ratio result

2006 3679 0 397958 0.01

2007 6634 0 409656 0.02

2008 6082 0 332562 0.02

2009 3520 0 329467 0.01

2010 12405 0 202120 0.06

Profitability ratio

Gross profit to sales

gross profit to sales = G. profit/sales *100

year G. profit Sales gross profit to sales ratios results

2006 53761 411289 0.13

2007 60539 464522 0.13

2008 61570 450555 0.14

2009 40553 472088 0.09

2010 129330 716581 0.18

Net profit to sales

Net profit to sales = profit /Net sales *100

year N.profit befor taxes Net sale Net profit to sales results

2006 8151 411289 1.98%2007 6088 461522 1.32%

2008 10516 450555 2.33%

2009 -26966 472088 -5.71%

2010 64349 716581 8.98%

Operating ratio

operating ratio = cost of good solde + operating expence /sales

year CGS Operating exp sales Operating ratio results

2006 357528 0 411289 0.87

2007 403983 0 461522 0.88

2008 338685 0 450555 0.75

2009 431536 93278 472088 1.11

2010 587251 79711 716581 0.93

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leverage ratios

Debt to equity ratio

debt to equity ratio = total long term liabilities/ owner's equity

year current liab non current liab owner's equity debt to equity ratio results

2006 397958 111268 88704 5.74

2007 409656 108740 82877 6.262008 332562 141009 121539 3.90

2009 329467 214177 26734 20.34

2010 202120 208371 109978 3.73

Debt to total asset ratio

Debt to total asset ratio = total liabilities /total assets

current liab non current liab current assets non current assets debt to assets ratio results

2006 397958 111268 362644 235286 0.85

2007 409656 108740 358165 243108 0.86

2008 332562 141009 303442 291668 0.80

2009 329467 214177 228616 341762 0.95

2010 202120 208371 160492 359976 0.79

Capitalization ratio

Capitalization ratio = total longterm liabilities/share holder's equity + longterm liabilities

year non current liab owner's equity Capitalization ratio results

2006 111268 88704 0.56

2007 108740 82877 0.57

2008 141009 121539 0.54

2009 214177 26734 0.89

2010 208371 109978 0.65

Proprietory /Equity ratio

propritory = share holder's equity/total assets

year owner's equity current assets non current assets propritory ratio result

2006 88704 362644 235286 0.15

2007 82877 358165 243108 0.14

2008 121539 303442 291668 0.20

2009 26734 228616 341762 0.05

2010 109978 160492 359976 0.21

Interest coverage ratio/Debt servicce ratio

interest coverage ratio/debt servicce ratio = EBIT/interest

year N profit befor taxes interest exp EBIT Interest coverage result

2006 8151 31180 39331 1.26

2007 6088 39241 45329 1.16

2008 10516 34738 45254 1.30

2009 -26966 49888 22922 0.46

2010 64349 39640 103989 2.62

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Activity ratio/ asset management ratio

Recivable turnover ration

Recivable turnover ration = net sales / average recieiables

year Net sales Avg recivables/Trade debt Recivables turnover results turnover in days

2006 411289 6588 62.43002429 5.846545859

2007 464522 77602 5.98595397 60.97607864

2008 450555 7974 56.50300978 6.459832873

2009 472088 97 4866.886598 0.074996611

2010 716581 99 7238.191919 0.050426958

Inventory turnover ratio

inventory turnover = CGS/Avg inventory

year C.G.S Avg inventory Inventory turnover results

2006 357528 162389 2.201676222

2007 403983 166272 2.429651415

2008 338685 189631 1.786021273

2009 431536 174447 2.473737009

2010 587251 108671 5.403934812

Payable turn over

Payable turnover = Credit purchase/Account payable

year C. purchase/Inventory AP / other c.liabilities ratio result turn over in days

2006 3679 227300 0.02 22550.8

2007 6634 255000 0.03 14030.0

2008 6082 165307 0.04 9920.6

2009 3520 181279 0.02 18797.4

2010 12405 102392 0.12 3012.7