Reckitt Benckiser Bangladesh Ltd:

Bangladesh is among the 60 countries where Reckitt Benckiser Plc. is continuing its
operation and its local subsidiary is named Reckitt Benckiser Bangladesh Limited
(RBBL). Reckitt Benckiser (Bangladesh) Ltd offers health and hygiene care products for
consumers in Bangladesh. Bangladesh is among the 60 countries where Reckitt Benckiser Plc. is
continuing its operation and its local subsidiary is named Reckitt Benckiser Bangladesh Limited
(RBBL). The companys health and personal care products comprise antiseptics, depilatories,
denture care, analgesics cold/flu, and gastro-intestinal.
The company has its own factory in Chittagong. Head office of RBBL was in Agrabad,
Chittagong until 2001. But from December 2001, Head Office has shifted in Gulshan, Dhaka and
from here its countrywide operations are being controlled. The products that are marketed in
Bangladesh are produced in Chittagong in the manufacturing section of the company. All the
finished products are delivered to the warehouse of the company situated in the Tongi Industrial
Area.
Ratios:
1. Current ratio: current assets / current liabilities
year

calculations

2012

3057/(6487)

= 0.47

2013

2901/(5661)

= 0.51

2014

3160/(5289)

= 0.597

2. Quick ratio: cash short term investments and net receivables / current liabilities
year

Calculations

2012

3057-735/ (6487)

= 0.357

2013

2991-746/ (5661)

= 0.380

2014

3160-745/(5289)

= 0.456

3. Current cash debt ratio: net cash provided by operating activities / average current liabilities
year

Calculations

2012

1735/(6093.5)

= 0.284

2013

2345/(5661+6463/2)

= 0.386

2014

2164/(5289+5661/2)

= 0.395

4. Accounts receivable turnover: net sales / average trade receivables (net)

year

Calculations

2012

9567/1424.5

= 6.716

2013

10043/(1306+1407/2)

= 7.403

2014

8836/(1307+1306/2)

= 6.763

5. Inventory turnover: cost of goods sold / average inventory

year

Calculations

2012

4030/746.5

= 5.398

2013

4074/746+735/2

= 5.501

2014

3740/(745+746/2)

= 5.016

6. Asset turnover: net sales / average total assets

year

Calculations

2012

9567/14603

= 0.655

2013

10043/(15149+15066/2)

= 0.664

2014

8836/(15496+15149/2)

= 0.576

7. Profit margin on sales: net income / net sales

year

Calculations

2012

1833/9567

= 0.191

2013

1740/10043

= 0.173

2014

3224/8836

= 0.364

8. Rate of return on common stock equity: net income-preferred dividends / average common
stockholder's equity
year

Calculations

2012

1833/5921

= 0.309

2013

1740/6336

= 0.274

2014

3224/6834

= 0.471

9. Payout ratio: cash dividends / net income

Year

calculations

2012

405/1833

= 0.220

2013

431/1740

= 0.247

2014

434/3224

= 0.134

10. Time interest earned: income before income taxes and interest expenses / interest expense
year

calculations

2012

2420/(587+4)

= 4.09

2013

2314/574

= 4.03

2014

2126/462

= 4.60

11. Free cash flow: net cash provided by operating activities - capital expenditures - dividends.
year

Calculations

2012

1735-20-916

= 799

2013

2345-30-992

= 1323

2014

N/A

N/A