HIGHNOON LABORATORIES LTD 2019 2018

1.Liquidity & Efficiency

Current Ratio 4.76 times
Acid-Test(Quick) Ratio 2.13 times
Account Recievable turnover 14 days
Inventory turnover 117 days
Days sale's uncollected 26 days
Days sale's in inventory 3 days
Total Asset Turnover 1.95 times
2. Solvency
Debt Ratio 27.13% 26.06%
Equity Ratio 72.87% 73.93%
Debt to Equity Ratio 37.22% 35.25%
Time interest Earned 40% 57.64%
3.Profitability
Profit After Tax Margin 10.73% 9.67%
Gross Profit Margin 46% 46.65%
Return on Assets 28.97% 29.04%
Basic Earnings Per Share (after tax) Rs. 30.86 Rs 25.37
Return on Equity 31.47% 29.04%

Horizontal Analysis 2019 2018

STATEMENT OF PROFIT OR LOSS Rs in 000 Rs in 000
Revenue - net 9,047,693 7,503,101
Cost of Revenue 4,886,100 4,002,669
Gross Profit 4,161,593 3,500,432
Distribution, Selling and Promotional Expen 2,386,789 2,026,734
Administrative and General Expenses 369,802 349,635
Research and Development Expenses 5,013 3,799
Other Operating Expenses 120,206 88,655
2,881,810 2,468,823
1,279,784 1,031,609
Other Operating Income 85,223 33,046
1,365,006 1,064,654
Finance Cost 23,921 8,388
Profit Before Taxation 1,341,086 1,056,266
Taxation 370,073 330,375
Profit After Taxation 971,013 725,891
 Rule

Lower is Better
Higher is Better
Lower is Better
Higher is Better

Higher is Better
Higher is Better
Higher is Better
Higher is Better
Higher is Better

Percentage
%
121%
122%
119%
118%
106%
132%
136%
117%
124%
258%
128%
285%
127%
112%
134%
 Interpretation

REQUIRED DATA ON SHEET 2

This mean company was less debt in 2018

This mean company was more equity in 2018
The company have low debt risk in 2018
In 2018, the company was more ability to pay debts

2019 is Better than 2018

2018 is Better than 2019
2018 is Better than 2019
2019 is Better than 2018
2019 is Better than 2018
 HIGHNOON LABORATORIES LTD
DATA REQUIRED
2019 2018
Total current Assets 3,268,474,013 2,549,178,105
Total Current Liabilities 756,762,211 496,056,672
Total Liabilities 1,283,630,310 1,003,874,113
TOTAL ASSETS 4,731,496,068 3,851,036,923
TOTAL EQUITY 3,447,865,758 2,847,162,810
Account Receivable 3,066,099 3,776,324
EBIT 1,403,866,358 1,052,452,739
Interest Expense 35,043,496 18,256,444
Net Income 971,013,000 725,891,000
Net sales 9,047,693,000 7,503,101,000
Cost of Good Sold 4,815,219,189 3,959,685,559
Preferred Dividend 0 0