(i) Liquidity

2015 2014 2013 2012 2011Averag

e

Current Ratio (times) 1.92 1.98 1.55 1.46 1.67 1.72

Quick Ratio (times) 1.80 1.84 1.51 1.37 1.57 1.62

Average Collection

Period (days)360 291 340 298 503 358

Average Payment

Period (days)257 200 246 230 263 239

Table 1.1 Ratios for liquidity

The table shows that the liquidity of the firm in the current 5 years. As shown the company

achieve maximum liquidity in year 2014 as the current ratio is the highest. Quick ratio also

shows that the firm has lower amount of current assets for inventory which is much harder to

convert to cash. Overall the firm is doing fine in 2015 as the ratios are above average and just

slightly lower to 2014 ratio.

(ii) Activities

2015 2014 2013 2012 2011Averag

e

Inventory Turnover

(times)14.07 18.37 39.55 18.25 10.69 20.19

Total Asset Turnover

(times)0.61 0.80 0.72 0.54 0.34 0.60

Operating Profit

Margin (%)7.32 9.54 6.5 8.77 10.24 8.47

Table 1.2 Ratios for activities

The table shows that the activities of the firm in the current 5 years. As shown, the company

has a maximum operating profit margin in year 2011 and slowly decrease on the upcoming

years till year 2014 and continue to drop in year 2015. This is due to the slowing in the

market as the construction industry is quite oversupply therefore the asset and inventory

turnover in 2015 is much lower.

(iii) Debt

2015 2014 2013 2012 2011 Average

Debt Ratio (%) 54.18 55.99 53.14 45.34 44.07 50.53

Times Interest

Earned (times)13.63 26.09 72.23 16.21 4.76 26.58

Fixed Payment

Coverage Ratio

(times)

2.22 5.94 3.43 1.68 2.91 3.24

Table 1.3 Ratios for debt

The table shows the debt of the firm in the last 5 years. As shown, the company has its debt

ratio increased since 2011 until the year 2014. This is due to the increase in current liabilities

and long-term debt which overcomes the total amount of equity in the year 2013 but the

company were able to pay of some of its debts in the year 2015 because of the strong change

in times interest earned from the year 2014 to 2015.

(iv) Profitability

2015 2014 2013 2012 2011 Average

Inventory Turnover

(times)14.07 18.37 39.55 18.25 10.69 20.19

Average Payment

Period (days)257 200 246 230 263 239

Total Asset Turnover

(times)0.61 0.80 0.72 0.54 0.34 0.60

Times Interest

Earned (times)13.63 26.09 72.23 16.21 4.76 26.58

Gross Profit Margin

(%)12.80 10.67 10.86 12.10 19.34 13.15

Operating Profit

Margin (%)7.32 9.54 6.5 8.77 10.24 8.47

Net Profit Margin

(%)5.38 8.59 5.96 5.26 5.79 6.20

Return on Total

Assets (%)11.27 17.70 16.28 24.60 11.65 16.3

Table 1.4 Ratios for Profitability

The table shows the profitability of the firm in the last 5 years. As shown, the company

achieves maximum efficiency in generating sales using its assets in the year 2014 and thus

will give positive outcome in years later. According to the inventory turnover, the company

sells its inventory at most in the year 2013 and it has dropped ever since then.

(i) Market Performance

2015 2014 2013 2012 2011 Average

Return on total assets (%) 3.49 6.99 4.44 2.84 1.78 3.91

Return on common equity (%) 7.75 16.11 9.58 5.24 3.22 8.38

Earning per share (RM) 0.05 0.11 0.05 0.03 0.02 0.05

Price/earnings (times) 7.59 2.93 5.14 6.45 9.97 6.41

Price/book ratio (times) 0.55 0.48 0.46 0.34 0.31 0.43

Table 1.4 Ratios for Market Performance

The table shows the market performance of Sycal Venture Berhard in the last 5 financial

years. The investment attractiveness of its common stock appears to have gradually increased

from year 2011 to 2014 and decrease during the year 2015. At the same time, earning per

share have the same situation with the return on common equity. Overall the firm market

performance is doing fine because the earning power of investment have gradually increase

from year 2011 to year 2014 and slightly decrease in 2015.