Tropicana Corporation Berhad (group)

1) Liquidity Ratios
Current ratio=

current assets
current liabilities

2011 (RM000)

2012 (RM000)

742925
390840

1104387
563135

= 1.90

1857992
883085

= 2.10

current assetsinventory
current liabilities

2011 (RM000)
74292519772
390840

= 1.96

Quick (acid-test) ratio=

2013 (RM000)

2012 (RM000)
=

110438731079
563135

= 1.85

2013 (RM000)
=

185799267089
883085

= 1.91

= 2.03

2) Activity Ratios
Inventory turnover =
2011 (RM000)
217197
= 19772

= 10.99 times

cost of good sold

inventory

2012 (RM000)
=

351790
31079

= 11.32 times

2013 (RM000)
=

893576
67089

= 13.32 times

365

Average age of inventory = inventory turnover

2011 (RM000)
365

2012 (RM000)
365

2013 (RM000)
365

= 10.99

= 11.32

= 13.32

= 33.2 days

= 32.2 days

= 27.4 days

Average collection period =

accounts rece ivable

annual sales per day

2011 (RM000)

2012 (RM000)

156514
375218
(
)
365

= 83.7 days

Average payment period =

accounts payable
average purchases per day

2011 (RM000)

2012 (RM000)

323246
31079+ 351790
(
)
365

= 11.7 days

2013 (RM000)

144622
630363
(
)
365

= 152.3 days

238513
19772+217197
(
)
365

account receivable
annual sales
365

383287
1475503
(
)
365

= 94.8 days
=

accounts payable
annual purchases
365

2013 (RM000)
=

414918
67089+ 893576
(
)
365

= 10.1 days

= 6.0 days

2012 (RM000)

2013 (RM000)

sales

Total assets turnover = total assets

2011 (RM000)
375218

630363
4578979

= 2471095

1475503

= 5425716

= 0.14

= 0.27

2012 (RM000)

2013 (RM000)

= 0.15
3) Debt Ratios
Debt ratio =

total liabilities
total assets

2011 (RM000)
=

1402496
2471095

= 56.8%

2352731
4578979

= 51.4%

2691682
5425716

= 49.6%

Debt-to-equity ratio =

total liabiliti es
common stock equity

2011 (RM000)
=

1402496

Time interest earned ratio =

2012 (RM000)
2352731
=

2013 (RM000)
=

earnings before interest taxes( EBIT )

taxes

2691682