Financial analysis of MAN Hedge in Millions per except share data

$millions
2017
PROFITABILITY x

Gross margin % 32.4% SALES 21586.4

COGS** 14602.1
Return on sales 16.4% Gross margin 6984.3
ROCE 17.1% Operating income or profit 4445.1
ROA 15.1% Profit BIT* 5239.6
net income or profit 3544.2
LIQUIDITY average assets* 29506.3
average assets* 15302.2
Current ratio 1.38 average financial LT debt* 8675.4
Acid test 1.34 average ST financial debt* (incl notes pay.) 610.1
aver. current liabilities* 3557.9
EFFICIENCY aver.current assets* 4922.15
aver. Liquid assets 4775.5
DSO (days) 14.4 Average AR* 849.05
DPO (days) 18.9 Average AP* 756.05
Inventory turns 99.57 Average inventory* 146.65
DIO (days) 3.7
Interest 402
CAPITAL STRUCTURE Dividend 1216.5
Share price at year end 44.33
Financial Leverage 38.7% # of shares Basic 1234
Interest cover 13.0 Dividend per share 0.985818476

INVESTMENT
comments :
ROE 23.2% * to be calculated
Dividend yield 2.2%
EPS(basic) 2.87
PE 15.4

eps (basic) 3.98

PE 20.1

11/28/2018