Beruflich Dokumente
Kultur Dokumente
Profitability
Ratio
Equation
Explanation
Gross margin %
Gross profit/Sales
EBIT margin %
EBIT/Sales
NPAT/Sales
Return on
investment
EBIT/Total assets
- Want high
- Margin of profit on sales
- Shouldnt fluctuate between periods unless changes
to underlying data
- Without adequate GM, entity unable to pay its
operating and other expenses and build for the future
- Want high
- % of each dollar of sales revenue that is left after all
expenses have been removed, excluding net interest
and tax
- Measure of operating profitability
- Want high
- % of each dollar of sales revenue that is left after all
expenses have been removed, including net interest
and tax
- Measure of operating profitability
- Want high
- Account level of investment when assessing size of
profit generated
- Can increase by decreasing assets, increasing
revenue
Quarter ended
30/06/14
31,164/65,438 =
47.62%
Year ended
31/03/2014
133,962/277,750 =
48.23%
3,329/65,438 =
5.09%
14,622/277,750 =
5.26%
8.20%
1,551/65,438 =
2.37%
8,730/277,750 =
3.14%
4.95%
3,329/152,203 =
2.19%
14,622/145,245 =
10.07%
11.08%
Myer FY13
44.7%
Extrapolated =
8.75%
Activity
Ratio
Equation
Explanation
Inventory turnover
COGS/Inventory
Inventory days
Inventory x
365/COGS
Quarter ended
30/06/14
35,102/43,564 = 0.81
Extrapolated =
3.22
(43,564 x 365)/35,102
= 452.99
Extrapolated =
113.25
Year ended
31/03/2014
147,208/42,730 =
3.44
42,730/147,208 * 365
= 105.95
Myer FY13
3.99
91.48
Fixed asset
turnover (times)
Asset turnover
(times)
Debtor days
Working capital
turnover (times)
Sales/Fixed assets
Sales / Working
capital
65,438/83,985 =
0.78
277,750/83,460 =
3.33
1.79
277,750/145,245 =
1.91
1.35
3.40
Extrapolated
8.81
65,438 / (50,64040,714) = 6.59
4,435
Extrapolated =
3.12
65,438/152,203 = 0.43
Extrapolated =
1.72
Extrapolated =
26.37
Liquidity
Ratio
Equation
Explanation
Current ratio
Current assets/Current
liabilities
Quick ratio
(Current assets
inventory)/Current
liabilities
Financing
Quarter ended
30/06/14
50,640/40,714 =
1.24
Year ended
31/03/2014
51,060/39,920 =
1.28
(50,640-43,564)/40,714
= 0.17
(51,06042,730)/39,920 =
0.21
Myer FY13
0.92
0.21
Ratio
Equation
Explanation
ROE
(NPAT preference
dividends)/Share capital
ROCE
(NPAT preference
dividends)/(LT debt + share
capital)
Debt ratio
Debt-equity
ratio
Interest
coverage ratio
EBIT/(Interest expense)
Cash flow
Quarter ended
30/06/14
(1,551)/22,500 =
6.89%
Year ended
31/03/2014
(8,730)/22,500 =
38.88%
Myer FY13
14.34%
Extrapolated =
28%
(1551)/
(22,500+56,908) =
1.95%
(8,730) /
(22,500+48,590) =
12.28%
9.17%
104,547/152,203 =
0.69 : 1
95,430/145,245 =
0.66 : 1
0.53
104,547/22,500 =
4.65
95,430/22,500 =
4.24
1.14:1
3,329/1,189 =
2.80
14,622/4,035 =
3.62
7.21
Extrapolated =
7.81%
Ratio
Equation
Capital expenditures
Quarter ended
30/06/14
Year ended
31/03/2014
Myer FY13
151,181
3.03:1
0.22
8.60%
Investment return
Ratio
Equation
Explanation
EPS
Net income
preference shares /
Average outstanding
shares
Market price/EPS
Dividend payout
ratio
Dividends/Net profit
after tax
Dividend yield
Dividend per
share/Market price
Quarter ended
30/06/14
Year ended
31/03/2014
Myer FY13
21.8
12.20
3,710/1,551 =
2.39
7,500/8,730 =
0.86
0.87
7.30%