Ratios

Formulae

2011

Sales Growth

Current sales - Previous Sales

Previous sales

61,702677-60,093,139
60,093,139

2.68%

Gross Profit Margin

Gross Profit X 100

Sales

4,089,135 x 100
61,702,677

6.63%

Net Profit Margin

Net Profit
Sales

2,743,284 x 100
61,702,677

4.45%

Return on Equity

Net Income
x 100
Share Holders' Equity

2,743,284 x 100
14,119,648

19.43%

Current Ratio

Current Assets
Current Libilities

26,834,618
12,260,958

2.19:1

Acid Test Ratio

Current Assets - Stocks

Current Liabilities

26,834,618-5,690,052
12,260,958

1.72:1

X 100

A/R Collection period Average Accounts Receivables

Annual Sales/365

(1,356,068+1,613,171)/2 8.78 days

61,702,677/365

A/P payment period

Total Supplier Purchases

Average Accounts Payables

50,744,050
41.9 days
(5,740,869+5,905,062)/2

Interest Cover

EBIT
Interest Expense

4,088,570
25,443

160.7 times

Dividend Cover

EAT
Dividend Expense

2,743,384
1,174,056

2.34 times

Earnings per share

Net Income
Outstanding Shares

2,743,384
78,600

Rs. 34.9

Sales Growth
Gross Profit Margin
Net profit Margin
Return on Equity
Current Ratio
Acid-Test Ratio

2011
2.68%
6.63%
4.45%
19.43%
2.19:1
1.72:1

Toyota
2012
24.70%
8.53%
5.59%
25.30%
2.32:1
1.59:1

2013
-17%
9.18%
5.26%
19%
2.99:1
1.93:1

2011
14.90%
0.81%
-1.18%
-14.83
0.67:1
0.26:1

Honda
2012
-14.50%
0.01%
-3.99%
-61.32%
0.56:1
0.22:1

2013
96.15%
6.17%
2.25%
57.10%
0.77:1
0.45:1

A/R collection
period
A/P payment
period
Interest cover
Dividend Cover
Earnings Per Share

8.78 days 6.68 days 8.13 days N/A

N/A

41.9 days 34.9 days 45.9 days 123.4 days 173.4 days

N/A
124 days

160.7
280.2 15433.6
-0.38
1.15
11.2
2.34
3.05
1.27
-31083.4
-175534.7
88095
Rs. 34.9 Rs. 54.74 Rs. 42.72 Rs. -0.17
Rs. -0.49
Rs. 0.56

Toyota
2012
76,962,642-61,702,677
61,702,677

2013
24.70% 63,829,075-76,963,000
76,962,642
76,962,642

2011
-17% 21000631-18277434
18277434

6,561,854 x 100
76,962,642

8.53%

5,857,037 x 100
63,829,075

9.18%

170351 x 100
21000631

4,302,715 x 100
76,962,642

5.59%

3,357,545 x 100
63,829,075

5.26%

-248667 x 100
21000631

4,302,715 x 100
17,013,858

25.30%

3,357,545 x 100
17,692,708

19%

-248667 x 100
1,677,193

24,088,975
10,395,919

2.32:1

22,187,601
7,412,684

24,088,975-7,529,571
10,395,919

2.99:1

1.59:1 22,187,601-7,883,309
7,412,684

5,663,620
8,479,567

1.93:1 5,663,620-3,443,054
8,479,567

(1,459,976+1,356,068)/2 6.68 days (1,382,761+1,459,976)/2 8.13 days N/A

76,962,642/365
63,829,075/365
64,113,079
34.9 days 49,801,100
45.9 days 19,958,557
123.4 days
(6,512,461+5,740,869)/2
(6,013,652+6,512,461)/2
(8,058,958+5,432,738)/2
6,371,072
22,739

280.2 times

5,000,479
324

4,302,715
1,409,405

3.05 times

3,357,545
2,645,871

4,302,715
78,600

Rs. 54.74

3,357,545
78,600

15433.6 times

1.27 times

Rs. 42.72

-56,352
150,226

-0.38 times

-248667
8

-31083.4 times

-248667
1,428,000

Note: The figures used for Honda were calculated

to have a better comparison of figures with Toyo
and Toyota IMC have an year end from 1st july to

Honda
2012
14.90% 17,953,182-21,000,631
21,000,631

2013
-14.50% 35,215,256-17,953,182
17,953,182

96.15%

0.81%

1027 x 100
17,953,182

0.01%

2,172,247 x 100
35,215,256

6.17%

-1.18%

-702,139 x 100
17,953,182

-3.99%

792,855 x 100
35,215,256

2.25%

-14.83

-702,139 x 100
1,144,980

-61.32%

792,855 x 100
1,389,267

57.10%

4,629,201
8,251,508

0.56:1

10,558,947
13,738,855

0.77:1

0.22:1

10,558,947-4,311,552
13,738,855

0.45:1

0.67:1

0.26:1

4,629,201-2,853,523
8,251,508
N/A

N/A

123.4 days 17,001,175

173.4 days 32,022,030
124 days
(8,102,678+8,058,598)/2
(13,646,869+8,102,678)/2
-0.38 times

156,896
135,851

1.15 times

1,556,453
138,612

11.2 times

-31083.4 times

-702,139
4

-175534.7 times

792,855
9

88,095 times

Rs. -0.17

-702,139
1,428,000

Rs. -0.49

792,855
1,428,000

Rs. 0.56

es used for Honda were calculated from 1st July of the current year to 31st June of the next fiscal year,
r comparison of figures with Toyota IMC, since Honda has a different year from 1st April to 31st March.
C have an year end from 1st july to 31st June of the next fiscal year.