DG Khan Cement Company Limited

Fauji Cement Company Limited

Ratios
Current Ratio=CA/CL Quick Ratio=(CA-Inventory)/CL Cash Ratio=(Cash+MS)/CL Average Age of Inventory=(AvgIventory/CGS)*365 Average Collection Period=(Avg Account Receivable/Sales)*365 Times Interest Earned=EBIT/I+{P.S.D/(1-t)} Fixed Charge Coverage=EBIT+I+OL/I+OL+P.S.D*(1t)+PP*(1-t) Debt Ratio=TL/TA Debt to Equity Ratio=TL/SHE Net Profit Margin=(NPAT/Net Sales)*100 Total Asset Turnover=(Net Sales/Avg TA)*100 Return on Assets=(NPAT/Avg TA)*100 (DuPont Analysis) Operating Income Margin=(OI/Net Sales)*100 Gross Profit Margin=GP/Net Sales*100 Return on Investment=NPAT+I(1-t)/Avg(L.T.L+Equity) Return on Equity=NPAT/Avg. Total Equity

2010
1.15 0.83 0.74 34.85 12.03

2011
1.38 1.01 0.90 38.84 10.43

2012
1.56 1.09 0.94 34.95 8.70

2010
0.71 0.23 0.03 19.93 15.23

2011
0.88 0.175 0.032 19.58 9.82

2012
2.63 0.79 0.23 22.36 9.15

1.25 1.28

1.31 1.41

3.42 2.31

7.45 5.92

9.96 6.14

35.58 11.40

0.44 0.81 1.83 36.75 0.67

0.40 0.67 1.01 39.00 0.39

0.35 0.56 17.90 124.84 22.34

0.34 0.52 12.80 63.90 8.18

0.32 0.48 15.26 65.43 9.98

0.18 0.22 20.35 81.43 16.57

14.92 17.93 0.05 0.0130

14.62 23.92 0.04 0.0069

24.93 32.70 0.13 0.13

17.31 32.55 0.12 0.12

19.83 33.48 0.14 0.15

27.04 38.17 0.20 0.22

Return on Common Equity=NPAT-D to PSH/Avg Common Equity Price/Earning Ratio=MP per share/EPS Dividend Per Share=Total Dividend/O.S.C.S CFO/CM of L.T Debt+S.T BB CFO/Total Debt CFO per share=CFO-D to PSH/# of CS outstanding

0.0928

0.049

0.93

0.97

1.22

2.09

6.4 7.68 0.065 0.045 0.0025 2.34 0.032 0.0226 0.0008 0 0.45 0.29 0.009 0.4 0.81 0.48 0.009

5.77 0.39 0.62 0.37 1.25

5.5 0.39 35.32 2.95 2.89

Explanation; Short-Term Liquidity Ratios Current Ratio; Ability to pay current liabilities from current assets Quick Ratio; Ability to pay current liabilities from liquid assets Cash Ratio; Ability to pay liabilities from most liquid assets Average Age of Inventory; Tells how much days require to convert inventory into cash Average Collection Period; How much days required to collect account receivables from sales Long-Term Ratios Times Interest Earned; Tells ability to meet its interest obligations, high ratio is good Fixed Charge Coverage; Tells firms ability to cover its fixed charges Debt Ratio; Tells percentage of assets financed by creditors, lower this ratio is better Debt/Equity Ratio; Profitability Ratios Net Profit Margin; Tells profit or return on sales, high ratio is good Total Assets Turnover; Tells activity of the assets & the ability of the firm to generate sales through use of the assets Return on Assets; (DuPont Analysis) Tells ability to utilize its assets to create profits

Operating Income Margin; Gross Profit Margin; Return on Investment; Measure the income earned on the invested capital Return on Equity; calculate the return on both common stock & preferred stock Return on Common Equity; Measure return to the common stockholders Earnings per Share; The amount of income earned on a share of common stock during an accounting period Price/Earnings Ratio; Express the relationship between the market price of a share of common stock and that stocks current earnings per share Dividend per Share; CFO/C.M of L.T debts + S.T bank borrowings; Indicate a firms ability to meets its current maturities of debt, higher is better CFO/Total Debt; Firms ability to cover total debt with the yearly operating cash flow, higher is better to carry its total debt Operating Cash Flow per Share; Indicates the funds flow per common share outstanding, it is higher than ERP because depreciation not deducted, in short-run it is better than ERP indication of a firms ability to make capital expenditure decisions & to pay dividend