boeing financial analysis sukanta

Comparative Income Statement

Period Ending 2014 2013 2012

Total Revenue $90,762,000 $86,623,000 $81,698,000 Cost of Revenue $76,752,000 $73,268,000 $68,665,000

Gross Profit $14,010,000 $13,355,000 $13,033,000 Operating Expenses

1. Research and Development $3,047,000 $3,071,000 $3,298,000 2. Sales, General and Admin. $3,480,000 $3,742,000 $3,449,000

Operating Income $7,473,000 $6,562,000 $6,290,000 Add'l income/expense items ($13,000) $76,000 $66,000

$7,470,000 $6,618,000 $6,352,000

Interest Expense $333,000 $386,000 $442,000 Earnings Before Tax $7,137,000 $6,232,000 $5,910,000

Income Tax $1,691,000 $1,646,000 $2,007,000 Net Income $5,446,000 $4,586,000 $3,903,000

$5,446,000 $4,585,000 $3,900,000

Earnings Before Interest and Tax

Net Income Applicable to Common Shareholders


Percentage Difference

2011

$68,735,000 $4,139,000 $4,925,000 $12,963,000 4.78%$55,888,000 $3,484,000 $4,603,000 $12,777,000 4.76%$12,847,000 $655,000 $322,000 $186,000 4.90%

$0 $0 $0 0.00%$3,918,000 ($24,000) ($227,000) ($620,000) -0.78%$3,130,000 ($262,000) $293,000 $319,000 -7.00%$5,823,000 $911,000 $272,000 $467,000 13.88%

$71,000 ($89,000) $10,000 ($5,000) -117.11%

$5,870,000 $852,000 $266,000 $482,000 12.87%

$477,000 ($53,000) ($56,000) ($35,000) -13.73%$5,393,000 $905,000 $322,000 $517,000 14.52%$1,382,000 $45,000 ($361,000) $625,000 2.73%$4,011,000 $860,000 $683,000 ($108,000) 18.75%

$4,018,000 $861,000 $685,000 ($118,000) 18.78%

Absolue Difference 1 (2013-2014)

Absolute Difference 2 (2012-2013)


Percentagee 1 (2013-2014)


Percentage Difference

6.03% 18.86%6.70% 22.86%2.47% 1.45%0.00% 0.00%-6.88% -15.82%8.50% 10.19%4.32% 8.02%

15.15% -7.04%

4.19% 8.21%

-12.67% -7.34%5.45% 9.59%

-17.99% 45.22%17.50% -2.69%

17.56% -2.94%

Percentage 2 (2012-2013)


From the Income statement Total Revenue is decreased and it further decreased due to reduction is cost of revenue. So gross

profit is increasing.

Operating income increases due to operation expenses decreases.

Net income is also increased due to increase in Operative Income and decrease in expenses.

Comparative Balance Sheet

Period Ending 12/31/2014 12/31/2013 12/31/2012 12/31/2011

Current AssetsCash and Cash Equivalents $11,733,000 $9,088,000 $10,341,000 $10,049,000 Short-Term Investments $1,359,000 $6,170,000 $3,217,000 $1,223,000

Net Receivables $7,937,000 $6,904,000 $6,000,000 $6,298,000 Inventory $46,756,000 $42,912,000 $37,751,000 $32,240,000

Total Current Assets $67,785,000 $65,074,000 $57,309,000 $49,810,000 Long-Term Assets

Long-Term Investments $4,525,000 $4,831,000 $5,236,000 $5,339,000 Fixed Assets $11,007,000 $10,224,000 $9,660,000 $9,313,000

Goodwill $5,119,000 $5,043,000 $5,035,000 $4,945,000 Intangible Assets $2,869,000 $3,052,000 $3,111,000 $3,044,000

Other Assets $1,317,000 $1,500,000 $1,792,000 $1,643,000 Deferred Asset Charges $6,576,000 $2,939,000 $6,753,000 $5,892,000 Total Long-Term Assets $31,413,000 $27,589,000 $31,587,000 $30,176,000

TOTAL ASSETS $99,198,000 $92,663,000 $88,896,000 $79,986,000

Current LiabilitiesAccounts Payable $55,788,000 $49,923,000 $43,546,000 $38,921,000

$929,000 $1,563,000 $1,436,000 $2,353,000

Total Current Liabilities $56,717,000 $51,486,000 $44,982,000 $41,274,000 Loan Fund

Long-Term Debt $8,141,000 $8,072,000 $8,973,000 $10,018,000 Other Liabilities $25,550,000 $18,108,000 $28,974,000 $25,086,000

Minority Interest $125,000 $122,000 $100,000 $93,000 Total Loan Fund $33,816,000 $26,302,000 $38,047,000 $35,197,000

Owners' FundCommon Stocks $5,061,000 $5,061,000 $5,061,000 $5,061,000 Capital Surplus $4,625,000 $4,415,000 $4,122,000 $4,033,000

Retained Earnings $36,180,000 $32,964,000 $30,037,000 $27,524,000 Treasury Stock ($23,298,000) ($17,671,000) ($15,937,000) ($16,603,000)Other Equity ($13,903,000) ($9,894,000) ($17,416,000) ($16,500,000)

Total Owners' Fund $8,665,000 $14,875,000 $5,867,000 $3,515,000 Total Liabilities & Equity $99,198,000 $92,663,000 $88,896,000 $79,986,000

WORKING CAPITAL $11,068,000 $13,588,000 $12,327,000 $8,536,000

Short-Term Debt / Current Portion of Long-Term Debt

Comparative Balance SheetPercentage Difference

$2,645,000 ($1,253,000) $292,000 29.10%($4,811,000) $2,953,000 $1,994,000 -77.97%$1,033,000 $904,000 ($298,000) 14.96%$3,844,000 $5,161,000 $5,511,000 8.96%$2,711,000 $7,765,000 $7,499,000 4.17%

($306,000) ($405,000) ($103,000) -6.33%$783,000 $564,000 $347,000 7.66%$76,000 $8,000 $90,000 1.51%

($183,000) ($59,000) $67,000 -6.00%($183,000) ($292,000) $149,000 -12.20%$3,637,000 ($3,814,000) $861,000 123.75%$3,824,000 ($3,998,000) $1,411,000 13.86%

$5,865,000 $6,377,000 $4,625,000 11.75%

($634,000) $127,000 ($917,000) -40.56%$5,231,000 $6,504,000 $3,708,000 10.16%

$69,000 ($901,000) ($1,045,000) 0.85%$7,442,000 ($10,866,000) $3,888,000 41.10%

$3,000 $22,000 $7,000 2.46%$7,514,000 ($11,745,000) $2,850,000 28.57%

$210,000 $293,000 $89,000 4.76%$3,216,000 $2,927,000 $2,513,000 9.76%($5,627,000) ($1,734,000) $666,000 31.84%($4,009,000) $7,522,000 ($916,000) 40.52%($6,210,000) $9,008,000 $2,352,000 -41.75%$6,535,000 $3,767,000 $8,910,000 7.05%

Absolue Difference 1 (2013-2014)



Percentagee 1 (2013-2014)

Comparative Balance SheetPercentage Difference

-12.12% 2.91%91.79% 163.04%15.07% -4.73%13.67% 17.09%13.55% 15.06%

-7.73% -1.93%5.84% 3.73%0.16% 1.82%

-1.90% 2.20%-16.29% 9.07%-56.48% 14.61%-12.66% 4.68%

14.64% 11.88%

8.84% -38.97%14.46% 8.98%

-10.04% -10.43%-37.50% 15.50%22.00% 7.53%

-30.87% 8.10%

7.11% 2.21%9.74% 9.13%

10.88% -4.01%-43.19% 5.55%153.54% 66.91%

4.24% 11.14%



From the balance sheet we can find cash and cash equivalent has been increased from 2011 to 2012 then it further decreases in 2013 and increases in 2014. So company has maximum cash compared with other years. So company can pay its liability

easily. In terms of Inventory it is decreased slowly. So sales

are reduced.In terms of Fixed asset we can find changes is

positive (increased manner) and highest at 2014.If we see current liability, it is increased in between

and then decreased but overall figure in 2014 is higher than 2011. Means they paid their liability due

to increase in sales. If we look into Loan fund it is decreased initially and then increases finally. This means owners has more

share than its creditor and after that loan fund increases, so there is a rise in Loan fund.

Owners fund initially increases due to decrease in Loan Fund and Owner’s fund is further reduced due

to increase in Total Loan Fund.

Common Size Income Statement

Period Ending YEAR1PARTICULARS 12/31/2014 12/31/2013 12/31/2012 12/31/2011 2014

Total Revenue $90,762,000 $86,623,000 $81,698,000 $68,735,000 100%$76,752,000 $73,268,000 $68,665,000 $55,888,000 84.56%

Gross Profit $14,010,000 $13,355,000 $13,033,000 $12,847,000 15.44%Less: Operating Expenses1. Research and Development $3,047,000 $3,071,000 $3,298,000 $3,918,000 3.36%2. Sales, General and Admin. $3,480,000 $3,742,000 $3,449,000 $3,130,000 3.83%Operating Income $7,483,000 $6,542,000 $6,286,000 $5,799,000 8.24%Add: Addl income/expense items ($13,000) $76,000 $66,000 $71,000 -0.01%Earnings Before Interest and Tax $7,470,000 $6,618,000 $6,352,000 $5,870,000 8.23%Less: Interest Expense $333,000 $386,000 $442,000 $477,000 0.37%Earnings Before Tax $7,137,000 $6,232,000 $5,910,000 $5,393,000 7.86%Income Tax $1,691,000 $1,646,000 $2,007,000 $1,382,000 1.86%Net Income $5,446,000 $4,586,000 $3,903,000 $4,011,000 6.00%

$5,446,000 $4,585,000 $3,900,000 $4,018,000 6.00%

Less: Cost of Revenue

Net Income Applicable to Common Shareholders

Common Size Income StatementPercentage Change

YEAR2 YEAR3 YEAR4 YEAR2 YEAR3 YEAR42013 2012 2011 2014-2013 2013-2012 2012-2011100% 100% 100% 0.00% 0.00% 0.00%

84.58% 84.05% 81.31% -0.02% 0.63% 3.26%15.42% 15.95% 18.69% 0.12% -3.47% -17.16%

3.55% 4.04% 5.70% -5.60% -13.87% -41.20%4.32% 4.22% 4.55% -12.67% 2.27% -7.87%7.55% 7.69% 8.44% 8.40% -1.88% -9.65%0.09% 0.08% 0.10% 712.55% 7.92% -27.86%7.64% 7.77% 8.54% 7.17% -1.77% -9.84%0.45% 0.54% 0.69% -21.45% -21.41% -28.27%7.19% 7.23% 7.85% 8.51% -0.55% -8.46%1.90% 2.46% 2.01% -1.99% -29.28% 18.15%5.29% 4.78% 5.84% 11.77% 9.76% -22.15%5.29% 4.77% 5.85% 11.79% 9.81% -22.46%

If we saw Gross Profit, it is increases because cost of revenue decreases. Cost of revenue decreases means expenses decreases due to this Gross Profit increaes. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.

If we saw Gross Profit, it is increases because cost of revenue decreases. Cost of revenue decreases means expenses decreases due to this Gross Profit increaes. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.

Common Size Balance SheetPeriod Ending

PARTICULARS 12/31/2014 12/31/2013 12/31/2012 12/31/2011

Current AssetsCash and Cash Equivalents $11,733,000 $9,088,000 $10,341,000 $10,049,000 Short-Term Investments $1,359,000 $6,170,000 $3,217,000 $1,223,000 Net Receivables $7,937,000 $6,904,000 $6,000,000 $6,298,000 Inventory $46,756,000 $42,912,000 $37,751,000 $32,240,000 Total Current Assets $67,785,000 $65,074,000 $57,309,000 $49,810,000

Long-Term AssetsLong-Term Investments $4,525,000 $4,831,000 $5,236,000 $5,339,000 Fixed Assets $11,007,000 $10,224,000 $9,660,000 $9,313,000 Goodwill $5,119,000 $5,043,000 $5,035,000 $4,945,000 Intangible Assets $2,869,000 $3,052,000 $3,111,000 $3,044,000 Other Assets $1,317,000 $1,500,000 $1,792,000 $1,643,000 Deferred Asset Charges $6,576,000 $2,939,000 $6,753,000 $5,892,000 Total Long-Term Assets $31,413,000 $27,589,000 $31,587,000 $30,176,000 Total Assets $99,198,000 $92,663,000 $88,896,000 $79,986,000

Current LiabilitiesAccounts Payable $55,788,000 $49,923,000 $43,546,000 $38,921,000

$929,000 $1,563,000 $1,436,000 $2,353,000

Total Current Liabilities $56,717,000 $51,486,000 $44,982,000 $41,274,000 Loan Fund

Long-Term Debt $8,141,000 $8,072,000 $8,973,000 $10,018,000 Other Liabilities $25,550,000 $18,108,000 $28,974,000 $25,086,000 Minority Interest $125,000 $122,000 $100,000 $93,000 Total Loan Fund $33,816,000 $26,302,000 $38,047,000 $35,197,000

Owners' FundCommon Stocks $5,061,000 $5,061,000 $5,061,000 $5,061,000 Capital Surplus $4,625,000 $4,415,000 $4,122,000 $4,033,000 Retained Earnings $36,180,000 $32,964,000 $30,037,000 $27,524,000 Treasury Stock ($23,298,000) ($17,671,000) ($15,937,000) ($16,603,000)Other Equity ($13,903,000) ($9,894,000) ($17,416,000) ($16,500,000)Total Owners' Fund $8,665,000 $14,875,000 $5,867,000 $3,515,000 Total Liabilities & Equity $99,198,000 $92,663,000 $88,896,000 $79,986,000

Notes:Working Capital $11,068,000 $13,588,000 $12,327,000 $8,536,000


Common Size Balance SheetYEAR1 YEAR2 YEAR3 YEAR4 Percentage Change

2014 2013 2012 2011 YEAR2 YEAR3 YEAR42014-2013 2013-2012 2012-2011

11.83% 9.81% 11.63% 12.56% 17.08% -18.61% -8.00%1.37% 6.66% 3.62% 1.53% -386.03% 45.65% 57.75%8.00% 7.45% 6.75% 7.87% 6.88% 9.41% -16.66%

47.13% 46.31% 42.47% 40.31% 1.75% 8.30% 5.09%4.00% 11.93% 13.09%

4.56% 5.21% 5.89% 6.67% -14.29% -12.98% -13.33%11.10% 11.03% 10.87% 11.64% 0.56% 1.51% -7.15%

5.16% 5.44% 5.66% 6.18% -5.46% -4.07% -9.15%2.89% 3.29% 3.50% 3.81% -13.88% -6.25% -8.75%1.33% 1.62% 2.02% 2.05% -21.93% -24.53% -1.90%6.63% 3.17% 7.60% 7.37% 52.16% -139.51% 3.03%

12.17% -14.49% 4.47%100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00%

56.24% 53.88% 48.99% 48.66% 4.20% 9.08% 0.66%

0.94% 1.69% 1.62% 2.94% -80.11% 4.23% -82.11%9.22% 12.63% 8.24%

8.21% 8.71% 10.09% 12.52% -6.15% -15.87% -24.08%25.76% 19.54% 32.59% 31.36% 24.13% -66.79% 3.77%

0.13% 0.13% 0.11% 0.12% -4.48% 14.56% -3.36%22.22% -44.65% 7.49%

5.10% 5.46% 5.69% 6.33% -7.05% -4.24% -11.14%4.66% 4.76% 4.64% 5.04% -2.19% 2.68% -8.74%

36.47% 35.57% 33.79% 34.41% 2.46% 5.02% -1.84%-23.49% -19.07% -17.93% -20.76% 18.80% 5.99% -15.78%-14.02% -10.68% -19.59% -20.63% 23.82% -83.49% -5.29%

-71.67% 60.56% 40.09%100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00%

-22.77% 9.28% 30.75%

From the above balance sheet we clearly see that cash and cash equivalents is -8% in 2012-2011. It is further decreases -18.61% in 2013-2012 and after that it is increased to 17.08% in 2014-2013. It shows that company have highest cash in 2014 year it means they have paid their liabilities very easily. And they got short term loans very easily. If we

inventory row then it is 5.09% in 2012-11 year and it is increses to 8.30 % in 2013-12 years it shows that it sales increases and in 2014-13 it is dip

into 1.75% which shows that it sales decreases. If we see the fixed assets then it is increases in 2013-12 from 2012-11. It means company may bought lands or plant & machinery. But in 2014-13 years it is decrease from 1.51% to 0.56%. It means in this year company

sold his fixed assets i.e. land or plant & machines. In Account Payable it is increases from 0.66%(2012-11) to 9.08%(2013-12), it means they paid their liabilities more. But in 2014-13 year it is decreases

which may shows that it bought goods on credit less compare to other year. Due to this total Current Liability increases previously and after that

it is decreases, means they paid their liabilities more because their net sales also increases.

Total Loan Funds initially decreases which means owners have more share in the company compare to creditors (if we see total owners fund from

2012-11 to 2013-12 then we came to know it happened because total loan fund decfreases) , after that loan fund increases it means it take more raw

material from credits and treasury stock also increases .If we see the total owner's fund it is decreases (from 2013-12 to 2014-13)

because loan fund increases.Now finally if we saw working capital then it is decreases initially because current assets is not increases exponentially and in 2014-13 current assets is decreases therefore percentage change in working capital is negative.

Trend Analysis of Income Statement of BoeingPeriod Ending 2014 2013 2012PARTICULARS AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNTTotal Revenue $90,762,000 132% $86,623,000 126% $81,698,000

Cost of Revenue $76,752,000 137% $73,268,000 131% $68,665,000 Gross Profit $14,010,000 109% $13,355,000 104% $13,033,000

Operating Expenses

$3,047,000 78% $3,071,000 78% $3,298,000

$3,480,000 111% $3,742,000 120% $3,449,000

Operating Income $7,473,000 128% $6,562,000 113% $6,290,000

($13,000) -18% $76,000 107% $66,000

$7,470,000 127% $6,618,000 113% $6,352,000

Interest Expense $333,000 70% $386,000 81% $442,000 Earnings Before Tax $7,137,000 132% $6,232,000 116% $5,910,000

Income Tax $1,691,000 122% $1,646,000 119% $2,007,000 Net Income $5,446,000 136% $4,586,000 114% $3,903,000

$5,446,000 136% $4,585,000 114% $3,900,000

1. Research and Development

2. Sales, General and Admin.

Add'l income/expense items


Net Income Applicable to

Common Shareholders

Total

Reven

ue

Cost of R

even

ue

Gross

Profit

Researc

h and Dev

elopmen

t

Sales

, Gen

eral a

nd Admin.

Operating I

ncome

Add'l inco

me/exp

ense

items

Earn

ings Befo

re Inter

est an

d Tax

Interest

Expen

se

Earn

ings Befo

re Ta

x

Income T

ax

Net Inco

me

Net Inco

me Applica

ble to Common Sh

areholders-40%

-20%0%

20%40%60%80%

100%120%140%160%

2014201320122011

Trend Analysis of Income Statement of Boeing2012 2011

PERCENTAGE AMOUNT PERCENTAGE119% $68,735,000 100%123% $55,888,000 100%101% $12,847,000 100%

84% $3,918,000 100%

110% $3,130,000 100%

108% $5,823,000 100%

93% $71,000 100%

108% $5,870,000 100%

93% $477,000 100%110% $5,393,000 100%145% $1,382,000 100%97% $4,011,000 100%

97% $4,018,000 100%

As we can see gross profit is increasing as operating expenses are decreasing. So the company is more stable. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.

Total

Reven

ue

Cost of R

even

ue

Gross

Profit

Researc

h and Dev

elopmen

t

Sales

, Gen

eral a

nd Admin.

Operating I

ncome

Add'l inco

me/exp

ense

items

Earn

ings Befo

re Inter

est an

d Tax

Interest

Expen

se

Earn

ings Befo

re Ta

x

Income T

ax

Net Inco

me

Net Inco

me Applica

ble to Common Sh

areholders-40%

-20%0%

20%40%60%80%

100%120%140%160%

2014201320122011

As we can see gross profit is increasing as operating expenses are decreasing. So the company is more stable. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.

Trend Analysis of Balance Sheet of BoeingPeriod Ending 2014 2013 2012PARTICULARS AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNT

Current Assets

$11,733,000 117% $9,088,000 90% $10,341,000

$1,359,000 111% $6,170,000 504% $3,217,000

Net Receivables $7,937,000 126% $6,904,000 110% $6,000,000 Inventory $46,756,000 145% $42,912,000 133% $37,751,000

Total Current Assets $67,785,000 136% $65,074,000 131% $57,309,000

Long-Term Assets

$4,525,000 85% $4,831,000 90% $5,236,000

Fixed Assets $11,007,000 118% $10,224,000 110% $9,660,000 Goodwill $5,119,000 104% $5,043,000 102% $5,035,000

Intangible Assets $2,869,000 94% $3,052,000 100% $3,111,000 Other Assets $1,317,000 80% $1,500,000 91% $1,792,000

$6,576,000 112% $2,939,000 50% $6,753,000

$31,413,000 104% $27,589,000 91% $31,587,000

TOTAL ASSETS $99,198,000 124% $92,663,000 116% $88,896,000

Current LiabilitiesAccounts Payable $55,788,000 143% $49,923,000 128% $43,546,000

$929,000 39% $1,563,000 66% $1,436,000

$56,717,000 137% $51,486,000 125% $44,982,000

Loan FundLong-Term Debt $8,141,000 81% $8,072,000 81% $8,973,000 Other Liabilities $25,550,000 102% $18,108,000 72% $28,974,000

Minority Interest $125,000 134% $122,000 131% $100,000 Total Loan Fund $33,816,000 96% $26,302,000 75% $38,047,000

Owners' FundCommon Stocks $5,061,000 100% $5,061,000 100% $5,061,000 Capital Surplus $4,625,000 115% $4,415,000 109% $4,122,000

Retained Earnings $36,180,000 131% $32,964,000 120% $30,037,000 Treasury Stock ($23,298,000) 140% ($17,671,000) 106% ($15,937,000)Other Equity ($13,903,000) 84% ($9,894,000) 60% ($17,416,000)

Total Owners' Fund $8,665,000 247% $14,875,000 423% $5,867,000

$99,198,000 124% $92,663,000 116% $88,896,000

Cash and Cash Equivalents

Short-Term Investments

Long-Term Investments

Deferred Asset Charges

Total Long-Term Assets


Total Current Liabilities

Total Liabilities & Equity

WORKING CAPITAL $11,068,000 130% $13,588,000 159% $12,327,000

Total Current Assets Total Current Liabilities WORKING CAPITAL Total Long-Term Assets Total Loan Fund Total Owners' Fund0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

2014201320122011

Trend Analysis of Balance Sheet of Boeing2012 2011

PERCENTAGE AMOUNT PERCENTAGECurrent Assets

103% $10,049,000 100%

263% $1,223,000 100%

95% $6,298,000 100%117% $32,240,000 100%

115% $49,810,000 100%

Long-Term Assets

98% $5,339,000 100%

104% $9,313,000 100%102% $4,945,000 100%102% $3,044,000 100%109% $1,643,000 100%

115% $5,892,000 100%

105% $30,176,000 100%

111% $79,986,000 100%

Current Liabilities112% $38,921,000 100%

61% $2,353,000 100%

109% $41,274,000 100%

Loan Fund90% $10,018,000 100%

115% $25,086,000 100%108% $93,000 100%108% $35,197,000 100%

Owners' Fund100% $5,061,000 100%102% $4,033,000 100%109% $27,524,000 100%96% ($16,603,000) 100%

106% ($16,500,000) 100%

167% $3,515,000 100%

111% $79,986,000 100%

As per data available, Current asset have been increasing continiously since 2011 to 2014, which

represents Company's current asset are increasing at higher ratio as compared to current liablity except

for the year 2014. As per percentage derived for long term asset, we see there is a

increase in every year except 2013. So company is increasing its long term asset and it could be derived that company is in a good health and it's expanding.

If we look into Loan fund it is increased initially and then decreases. This means owners has less share than its creditor and after that loan fund

decreases, there is a fall in Loan fund. Owners fund is increased rapidly for two years, means

owners has more rights over the company than the creditors and later it decreases in 2014 which shows

opposite scenario of this.

144% $8,536,000 100%

Total Current Assets Total Current Liabilities WORKING CAPITAL Total Long-Term Assets Total Loan Fund Total Owners' Fund0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

2014201320122011

As per data available, Current asset have been increasing continiously since 2011 to 2014, which

represents Company's current asset are increasing at higher ratio as compared to current liablity except

for the year 2014. As per percentage derived for long term asset, we see there is a

increase in every year except 2013. So company is increasing its long term asset and it could be derived that company is in a good health and it's expanding.

If we look into Loan fund it is increased initially and then decreases. This means owners has less share than its creditor and after that loan fund

decreases, there is a fall in Loan fund. Owners fund is increased rapidly for two years, means

owners has more rights over the company than the creditors and later it decreases in 2014 which shows

opposite scenario of this.

Total Revenue 2014 2013 2012

Cost of Revenue AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNT PERCENTAGE

Gross Profit $90,762,000 132% $86,623,000 126% $81,698,000 119%

$14,010,000 109% $13,355,000 104% $13,033,000 101%

$3,047,000 78% $3,071,000 78% $3,298,000 84%

Operating Income $3,480,000 111% $3,742,000 120% $3,449,000 110%

$7,473,000 128% $6,562,000 113% $6,290,000 108%

($13,000) -18% $76,000 107% $66,000 93%

Interest Expense $7,470,000 127% $6,618,000 113% $6,352,000 108%Earnings Before Tax $333,000 70% $386,000 81% $442,000 93%

Income Tax $7,137,000 132% $6,232,000 116% $5,910,000 110%Net Income $1,691,000 122% $1,646,000 119% $2,007,000 145%

$5,446,000 136% $4,586,000 114% $3,903,000 97%

$5,446,000 136% $4,585,000 114% $3,900,000 97% $4,018,000

Research and Development

Sales, General and Admin.

Add'l income/expense items


Net Income Applicable to

Common Shareholders

Total

Reven

ue

Cost of R

even

ue

Gross

Profit

Researc

h and Dev

elopmen

t

Sales

, Gen

eral a

nd Admin.

Operating I

ncome

Add'l inco

me/exp

ense

items

Earn

ings Befo

re Inter

est an

d Tax

Interest

Expen

se

Earn

ings Befo

re Ta

x

Income T

ax

Net Inco

me

Net Inco

me Applica

ble to Common Sh

areholders-40%

-20%0%

20%40%60%80%

100%120%140%160%

2014201320122011

2014 2013 2012 2011132% 126% 119% 100%137% 131% 123% 100%109% 104% 101% 100%78% 78% 84% 100%

111% 120% 110% 100%128% 113% 108% 100%-18% 107% 93% 100%127% 113% 108% 100%70% 81% 93% 100%

132% 116% 110% 100%122% 119% 145% 100%136% 114% 97% 100%136% 114% 97% 100%

2011

AMOUNT

$68,735,000 100%

$12,847,000 100%

$3,918,000 100%

$3,130,000 100%

$5,823,000 100%

$71,000 100%

$5,870,000 100%$477,000 100%

$5,393,000 100%$1,382,000 100%

$4,011,000 100%

100%

PERCENTAGE

Total

Reven

ue

Cost of R

even

ue

Gross

Profit

Researc

h and Dev

elopmen

t

Sales

, Gen

eral a

nd Admin.

Operating I

ncome

Add'l inco

me/exp

ense

items

Earn

ings Befo

re Inter

est an

d Tax

Interest

Expen

se

Earn

ings Befo

re Ta

x

Income T

ax

Net Inco

me

Net Inco

me Applica

ble to Common Sh

areholders-40%

-20%0%

20%40%60%80%

100%120%140%160%

2014201320122011

2014 2013 2012 2011

Total Current Assets 136% 131% 115% 100%

137% 125% 109% 100%

WORKING CAPITAL 130% 159% 144% 100%

104% 91% 105% 100%

Total Loan Fund 96% 75% 108% 100%

Total Owners' Fund 247% 423% 167% 100%

Total Current Liabilities

Total Long-Term Assets 0%

150%300%450%

2014201320122011

0%150%300%450%

2014201320122011

Liquidity Ratio

SL.No Years1 2011 1.21 0.432 2012 1.27 0.433 2013 1.26 0.434 2014 1.20 0.37

Current Ratio=(Current Asset /Current

Liability)

Quick Ratio=Quik Assets/Quick

Liabilities

Liquidity Ratio

0.240.230.180.21

Cash Ratio=(Cash+Bank+Marketable

Security)/Current Liabilities

PROFITABILITY RATIOS

SL.No Years1 2011 18.69% 91.56%2 2012 15.95% 92.30%3 2013 15.42% 92.45%4 2014 15.44% 91.75%

Gross Profit Ratio=Gross Profit/ Net Sales

Operating Ratio=( COGS + Operating

Expenses)/ Net Sales


7.85% 10.25% 6% 15%7.23% 8.26% 5% 14.46%

7% 8% 5% 16.07%8% 7% 6% 17.58%

Operating profit Ratio=Operating Net Profit/

Net SalesExpenses Ratio=

Expenses/Net Sales

Net Profit Margin Ratio=

Net Profit after Tax/Net Sales

Return On Capital Employed= Profit Before Interest& Tax/Capital Employed


Return On Proprietor Fund= Profit After Tax/Proprietor

Fund

Return On Equity=Profit After Tax/(Equity Share

Capital+Reserves+Surplus)

Turnover Ratios

SL.No Year1 2014 8.20 2.892 2013 6.37 3.143 2012 6.63 2.594 2011 8.05 2.28

Work Capital Turnover Ratio=Net Sales / Working Capital

Fixed Asset Turnover Ratio=Net Sales/Net Fixed Assets

Turnover Ratios

2.14 1.34 0.912.10 1.33 0.931.86 1.43 0.921.78 1.38 0.86

Capital Turn Over ratio=Net Sales/ Capital Employed

Current Asset Turnover Ratio= Net Sales/ Current Assets

Net Asset Turnover Ratio= Net Sales/ Net Assets

Turnover Ratios

1.94 188.032.02 180.822.16 168.662.13 171.20

Inventory Turn Over Ratio (times)=Cost of Goods Sold/ Average Inventory

Inventory Holding Period (days)= 365/ Inventory Turn Over Ratio

Solvency Ratio

SL.No Years1 2011 22.76 0.042 2012 15.15 0.073 2013 6.23 0.164 2014 11.45 0.09

Debt to Equity Ratio= Total borrowed fund/Proprietors fund

Proprietary Ratio=Proprietors Fund/ Total Asset

Solvency Ratio

Capital Gearing Ratio/Leverage Ratio=Equity Share Capital+Reserve& Surplus/Fixed Interest& Divident Funds

Solvency Ratio

Debt Service Ratio or Interest Coverage Ratio=Net profit before interestand Tax/Fixed Interest Charges

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