Years 2016 2015 2014 2013

EBITDA 4010.16 4339.08 2605.28 1288.63

Depreciation 6,199.50 4,855.01 4,093.24 3,054.36
EBIT -2,189.34 -515.93 -1,487.96 -1,765.73
% change of EBIT 3.243482643 -0.653263529 -0.15731171 0.026282904
Sales Turnover 35,816.55 31,279.47 26,110.40 22,043.44
% change of Sales 0.15 0.197969774 0.18449752 0.143609548

DOL 22.36117019 -3.299814481 -0.85264944 0.183016413

EBT 4010.25 4339.08 2605.28 1288.63

DFL -0.545936039 -0.118903085 -0.57113247 -1.37023816

Debt 1.56 0.74 1.14 0.8

Asset 79,807.88 57,675.84 43,988.35 34,426.65
Debt Asset Ratio 1.954694E-05 1.283033E-05 2.5916E-05 2.323781E-05

Asset Debt Ratio 51158.89744 77940.32432 38586.2719 43033.3125

Equity 216.12 226.94 132.86 99.43

Asset 79,807.88 57,675.84 43,988.35 34,426.65
Propritary Ratio 0.002708003 0.00393475 0.00302035 0.002888169

ebit 4010.25 4339.08 2605.28 1288.63

interest 1,797.96 931.66 624.79 813.46
interest coverage ratio 2.230444504 4.657364275 4.16984907 1.584134438

Calculation of Alman's Z Score

current asset 3,778.08 14,945.21 2,113.68 3,005.10
current liab 12,769.43 16,713.18 8,115.10 7,780.70
Asset 79,807.88 57,675.84 43,988.35 34,426.65
A -0.112662434 -0.030653563 -0.13643203 -0.138718115
1.2A -0.135194921 -0.036784276 -0.16371844 -0.166461738

retained earnings 8,163.98 5,819.62 3,273.83 1,743.59

Asset 79,807.88 57,675.84 43,988.35 34,426.65
B 0.102295412 0.100902215 0.07442493 0.050646519
1.4B 0.143213577 0.141263101 0.10419491 0.070905127

EBIT 4010.25 4339.08 2605.28 1288.63

ASSET 79,807.88 57,675.84 43,988.35 34,426.65
C 0.050248797 0.075232194 0.05922659 0.037431176
3.3C 0.165821032 0.248266241 0.19544775 0.123522881
Equity 216.12 226.94 132.86 99.43
Current liab 7,494.05 13,292.74 4,684.87 4,520.11
Non current liab 42,742.54 19,072.52 20,288.90 12,626.05
Total liab 12,769.43 16,713.18 8,115.10 7,780.70
D 0.016924796 0.013578505 0.01637195 0.012779056
0.6D 0.010154878 0.008147103 0.00982317 0.007667434

Sales 35,816.55 31,279.47 26,110.40 22,043.44

Total Assets 79,807.88 57,675.84 43,988.35 34,426.65
E 0.448784631 0.542332283 0.59357534 0.640301627
1E 0.448784631 0.542332283 0.59357534 0.640301627

1.2A + 1.4B + 3.3C + 0.6D + 1.0E

Z score 0.9032 0.7393 0.6759

Dividend per Share 0.6 0.6 0.4 0.3

EPS 7.27 7.81 5.09 2.47
Dividend Yield Ratio 0.083 0.077 0.079 0.121

COGS 142,265.03 205,049.94 205,049.94 227,012.01

COGS per Day 389.77 561.78 561.78 621.95
Stock 38,282.40 45,543.85 64,697.37 59,314.39

Operating Cycle 98.22 81.07 115.16 95.37

Stock 85.15 58.3 48.74 54.51

Average Stock 71.725 53.52 51.625 53.725
Receivables 1,136.06 932.19 769.69 915.68
Average Receivables 1034.125 850.94 842.685 861.615
Paybles 3,278.16 2,970.18 2,634.37 2,431.59
Average Payables 3124.17 2802.275 2532.98 2700.985
COGS per Day 389.77 561.78 561.78 621.95
Net Sales 35,816.55 31,279.47 26,110.40 22,043.44
Net sales per day 98.13 85.70 71.54 60.39
2012 2011
842.26
2,562.77
-1,720.51

19,275.32
0.223451111

862.05
-1.995835508

0.78
30,984.05
2.517424E-05

39723.14103 Column1

0
30,984.05
0

862.05
907.8
0.949603437

2,388.31
8,293.75
30,984.05
-0.190596129
-0.166461738

1,024.76
30,984.05
0.033073791
0.046303308

862.05
30,984.05
0.02782238
0.091813853
 0
3,791.03
9,755.77
8,293.75
0
0

19,275.32
30,984.05
0.622104599
0.622104599

0.5938

5
1.74
2.874

227,012.01
621.95
56,829.20

91.37

52.94
26.47
807.55
403.775
2,970.38
1485.19
621.95
19,275.32
52.81