Year - 2010 to 2014 ( Audit Report ) Apex Group | Apex Footwear Limited | Bangladesh

1. A Presentation on
Course: Corporate Finance
Ratios analysis of
Apex Adelchi Footwear Limited

2. Saiera Kabir | 2546
Md.Sohel | 2287
Moin Sarker | 2534
Chandrima Majumder | 2543
DHM Golam Dastagir | 2544
Nasrin Sultana | 2548

3. 01 02 03 04
Let’s Go

4. Year 2010 2011 2012 2013 2014
Current Assets 4,258,672,075 5,290,770,436 6057169775 7,420,556,241 9,809,373,339
Current
Liabilities
3,950,977,717 4,651,574,679 5060830061 6,260,776,879 8412539684
Current Ratio 1.08 1.14 1.20 1.19 1.17
Table 1: Current Ratio of Apex Adelchi Footwear Limited

5. Enter your
text here
Year 2010 2011 2012 2013 2014
Current
Assets-
Inventories
2,019,472,096 2,462,437,209 2695454735 3,010,099,407 3,538,151,806
Current
Liabilities
3,950,977,717 4,651,574,679 5060830061 6,260,776,879 8412539684
Quick Ratio 0.51 0.53 0.53 0.48 0.42
Table 2: Quick ratio of Apex Adelchi Footwear Limited

6. Asset Management Ratios
Inventory Turnover Ratio
Year 2010 2011 2012 2013 2014
sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330
Inventories 2,239,199,979 2,828,333,227 3361715040 4,410,456,834 6,271,221,533
Inventory
Turnover
Ratio
3.11 3.36 2.90 2.48 1.83
Table 3: Inventory Turnover Ratio of Apex Adelchi Footwear Limited

7. Days Sales Outstanding(DSO):
Year 2010 2011 2012 2013 2014
Receivables 881,553,360 953,496,096 792733240 963,826,558 1,295,107,098
Sales ÷ 360
days
19,336,432 26,386,824 27078830.3 30,388,988 31844175.92
DSO 45.59 36.14 29.28 31.72 40.67
Table 4: Days Sales Outstanding of Apex Adelchi Footwear Limited

8. Fixed Assets Turnover Ratio
Year 2010 2011 2012 2013 2014
Sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330
Net Fixed Assets or Net
Non-Current Assets
418,371,710 1,889,270,537 2111103023 2,153,982,977 2,411,991,520
Fixed Assets Turnover Ratio 16.64 5.03 4.62 5.08 4.75
Table 5: Fixed Assets Turnover Ratio of Apex Adelchi Footwear Limited

9. Total Assets Turnover Ratio
Table 6: Total Assets Turnover Ratio of Apex Adelchi Footwear Limited
Year 2010 2011 2012 2013 2014
Sales 6,961,115,608 9,499,256,667 9748378905 10,940,035,731 11,463,903,330
Total
Assets
4,677,043,785 7,180,040,973 3107442737 9,574,539,218 12,221,364,859
Total Assets
Turnover
Ratio
1.48 1.32 1.19 1.14 0.94

10. Debt Management Ratios
Year 2010 2011 2012 2013 2014
Total
Debt
3950977717 5152165002 5689405219 1226178410 9352845065
Total
Asset 4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859
Debt
Ratio
84% 72% 70% 13% 77%
Table 7: Debt Ratio of Apex Adelchi Footwear Limited
Debt Ratio

11. Equity Multiplier
Year 2010 2011 2012 2013 2014
Total assets 4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859
Stockholder
equity 726,066,068 2,027,875,971 2286730921 2,496,114,103 2,637,333,839
Equity
multiplier 6.44 3.54 3.58 3.83 4.63
Table 8: Equity multiplier Ratio of Apex Adelchi Footwear Limited

12. Profitability Ratios
Net Profit Margin
Table 9: Net Profit Margin of Apex Adelchi Footwear Limited
Year 2010 2011 2012 2013 2014
Net
Profit 228,226,667 261,011,193 258854949 265,633,182 203,094,736
Sales 6,931,516,622 9,499,256,667 9748378905 10,940,035,731 11,463,903,330
Net
Profit
Margin 3.29% 2.75% 2.65% 2.43% 1.77%

13. Return on Total Asset
YEAR 2010 2011 2012 2013 2014
NET
INCOME
228,226,667 261,011,193 258854949 265,633,182 203,094,736
TOTAL
ASSETS
4,677,043,785 7,180,040,973 8168272798 9,574,539,218 12,221,364,859
RETURN
ON TOTAL
ASSET
4.88% 3.64% 3.17% 2.77% 1.66%
Table 10: Return on total asset Ratio of Apex Adelchi Footwear Limited

14. Return on Common Equity
Table 11: Return on common equity Ratio of Apex Adelchi Footwear Limited
Year 2010 2011 2012 2013 2014
Net
Income 228,226,667 261,011,193 258854949 265,633,182 203,094,736
common
equity 726,066,068 2,027,875,971 2286730921 2,496,114,103 2,637,333,839
Return on
common
equity 31.43% 12.87% 11.32% 10.64% 7.70%

15. Table 12: Earning per share of Apex Adelchi Footwear Limited
Earnings Per Share
Year 2010 2011 2012 2013 2014
Net
Profit 228,226,667 261,011,193 258854949 265,633,182 203,094,736
Number
of
shares 1124989.73 11250482.46 11249671.84 11250875.98 11251785.93
earnings
per
share 202.87 23 23.01 24 18

16. Table 13: PE ratio of Apex Adelchi Footwear Limited
Price / Earnings (PE) Ratio
Year 2010 2011 2012 2013 2014
PE Ratio 20.27 12.74 10.04 17.45 24.57

17. Table 14: Market / Book ratio of Apex Adelchi Footwear Limited
Market / Book value Ratio
Year 2010 2011 2012 2013 2014
MVPS 0.0999162 295.568 231.0204 411.9945 443.4885
BVPS 645.397952 180 203.2709001 222 234
Market/Book
value
0.00016 1.63979 1.13651 1.85700 1.89208

18. Summery
Dissatisfactory Satisfactory
• 2.1. Liquidity Ratios
• Current Ratio – Dissatisfactory
• Quick Ratio -Dissatisfactory
• 2.2. Asset Management Ratios
• 2.2.1. Inventory Turnover Ratio - Dissatisfactory
• 2.2.2. Days Sales Outstanding - Dissatisfactory
• 2.2.3. Fixed Assets Turnover Ratio - Dissatisfactory
• 2.2.4. Total Assets Turnover Ratio - Dissatisfactory
• 2.3. Debt Management Ratios
• 2.3.1 Debt Ratio - Dissatisfactory
• 2.3.2 Equity Multiplier - Dissatisfactory
• 2.4. Profitability Ratios
• 2.4.1. Net Profit Margin - Dissatisfactory
• 2.4.2. Return on Total Assets - Dissatisfactory
• 2.4.3. Return on Common Equity - Dissatisfactory
• 2.4.4. Earnings per Share (EPS) - Dissatisfactory
• 2.5. Market Value Ratios
• 2.5.1. Price/Earnings (P/E) Ratio -satisfactory
• 2.5.2. Market/Book (M/B) Ratio - satisfactory

19. ANY
QUESTION
?
Thanks For Listening