SOLVENCY 2014 2015 2016

Debt Ratio (DR) 0.5105 0.5404 0.5410

Equity Ratio (ER) 0.4895 0.4596 0.4590

Debt to Equity
1.0431 1.1760 1.1784
Ratio (D/E)

𝟓𝟒, 𝟑𝟐𝟔, 𝟎𝟎𝟔 𝟔𝟓, 𝟒𝟗𝟕, 𝟗𝟏𝟎 𝟕𝟎, 𝟎𝟏𝟐𝟓𝟗𝟓

𝑻𝑳 = = =
Debt Ratio= 𝟏𝟎𝟔, 𝟒𝟎𝟕, 𝟓𝟖𝟎 𝟏𝟐𝟏, 𝟏𝟗𝟓, 𝟏𝟕𝟏 𝟏𝟐𝟗, 𝟒𝟐𝟓, 𝟐𝟑𝟐
𝑻𝑨
= 0.5105 = 0.5404 = 0.5410

52,081,574 55,679,261 59,412,637

𝑻𝑬 = = =
Equity Ratio= 𝑻𝑨 106,407,580 121,195,171 129,425,232
= 0.4895 = 0.4596 = 0.4590

Debt/Equity Ratio 54,326,006 65,497,910 70,012595

𝑻𝑳 = = =
52,081,574 55,679,261 59,412,637
=
𝑻𝑬 = 1.0431 = 1.1760 = 1.1784

PROFITABILITY 2014 2015 2016

ROS 0.3291 0.3140 0.3089

ROA 0.0450 0.0448 0.0427

ROE 0.0911 0.0946 0.0930

4,603,977 5,098,564 5,350,786

= = =
ROS 13,990,274.5 16,235,731.5 17,321,785.5
= 0.3291 = 0.3140 = 0.3089
 𝟒, 𝟔𝟎𝟑, 𝟗𝟕𝟕 𝟓, 𝟎𝟗𝟖, 𝟓𝟔𝟒 𝟓, 𝟑𝟓𝟎, 𝟕𝟖𝟔
= = =
ROA 102,252,313 113,801,375.5 125,310,301.5
= 0.0450 = 0.0448 = 0.0427

𝟒, 𝟔𝟎𝟑, 𝟗𝟕𝟕 𝟓, 𝟎𝟗𝟖, 𝟓𝟔𝟒 𝟓, 𝟑𝟓𝟎, 𝟕𝟖𝟔

= = =
ROE 50,533,743 53,889,417.5 57,554,949
= 0.0911 = 0.0946 = 0.0930

EFFICIENCY 2014 2015 2016

ARTO 0.8329 0.7688 0.7237

ACP 432 468 497

15,467,994 17,003,469 17,640,102

Cr.Sales = = =
ARTO= 18,570,694 22,117,210.5 24,374,374.5
Ave.AR
= 0.8329 = 0.7688 = 0.7237

360 360 360

360
ACP= ARTO = = =
0.8329 0.7688 0.7237
= 432 = 468 = 497