Ratios Analytics

United Parcel Service Inc

Analytic Ratios
Fiscal Period: 2009 2008 2007 2006 2005
Period End Date: 12/31/2009 12/31/2008 12/31/2007 12/31/2006 12/31/2005

Liquidity

Non-Cash Working Capital, FY 936 -21 -684 675 1,169.00

Non-Cash Working Capital, Period To Period %
Change, FY 4,557.14 96.93 -201.33 -42.26 32.99
Working Capital, FY 3,036.00 1,028.00 1,920.00 2,658.00 4,210.00

Working Capital, Period To Period % Change, FY 195.33 -46.46 -27.77 -36.86 -30.71
Quick Ratio, FY - - - - -
Current Ratio, FY 1.49 1.13 1.2 1.4 1.65
EBIT Interest Coverage, FY 8.74 14.66 3.93 53.08 90.34
EBITDA Interest Coverage, FY 12.75 19.61 15.8 67.06 118.26
Historic EBITDA (Net of Capital Expenditures)
Interest Coverage, %, FY - - - - -
Historic Free Operating Cash Flow/Total Debt, %,
FY 19.86 34.19 -44.93 22.9 52.56
Historic Net Debt/EBITDA, FY 1.46 1.2 2.27 0.18 0.01
Historic Total Debt Capital/EBITDA, FY 1.75 1.45 3.26 0.48 0.52
Historic Total Debt/Common Equity, %, FY 124.78 145.59 90.44 26.59 23.57
Total Assets/Common Equity, %, FY 417.86 470.19 320.46 214.51 206.98
Long Term Debt/Total Equity, %, FY 113.6 115 61.61 20.24 18.71
Total Debt/Total Equity, %, FY 124.78 145.59 90.44 26.59 23.57
Long Term Debt/Total Assets, %, FY 27.19 24.46 19.23 9.43 9.04
Total Debt/Total Assets, %, FY 29.86 30.96 28.22 12.39 11.39
Net Debt/Net Book Capital, %, FY 49.31 56.54 40.85 12.11 5.27
Total Debt/Total Book Capital, %, FY 55.9 59.28 47.49 21 19.08
Long Term Debt/Total Capital, %, FY 50.35 46.83 32.35 15.99 15.14
Total Debt/Total Capital, %, FY 55.3 59.28 47.49 21 19.08
Dividend Payout Ratio, %, FY 84.53 61.7 465.45 39.2 37.93

Net Trade Cycle

Earnings Retention Rate, %, FY 15.47 38.3 -365.45 60.8 62.07
Average Net Trade Cycle (Days), FY 27.82 26.84 28.11 27.68 25.41
Average Inventory (Days), FY - - - - -

Average Receivables Collection Period (Days), FY 46.94 44.47 46.78 47.36 50.58
Average Payables Payment Period (Days), FY 19.12 17.62 18.67 19.68 25.17
Ratios Analytics
Fedex Corp
Analytic Ratios
Fiscal Period: 2010 2009 2008
Period End Date: 5/31/2010 5/31/2009 5/31/2008

Liquidity

Non-Cash Working Capital, FY 687 300 337

Non-Cash Working Capital, Period To Period %
Change, FY 129 -10.98 191.58
Working Capital, FY 2,639.00 2,592.00 1,876.00

Working Capital, Period To Period % Change, FY 1.81 38.17 56.2

Quick Ratio, FY 1.48 1.49 1.27
Current Ratio, FY 1.57 1.57 1.35
EBIT Interest Coverage, FY 28.14 12.66 38.43
EBITDA Interest Coverage, FY 55.62 44.41 72.87
Historic EBITDA (Net of Capital Expenditures)
Interest Coverage, %, FY - - -
Historic Free Operating Cash Flow/Total Debt, %,
FY 8.15 6.84 16.93
Historic Net Debt/EBITDA, FY 0.03 0.15 0.2
Historic Total Debt Capital/EBITDA, FY 0.57 0.88 0.59
Historic Total Debt/Common Equity, %, FY 13.97 18.96 13.82
Total Assets/Common Equity, %, FY 180.31 177.92 176.46
Long Term Debt/Total Equity, %, FY 12.08 14.16 10.37
Total Debt/Total Equity, %, FY 13.97 18.96 13.82
Long Term Debt/Total Assets, %, FY 6.7 7.96 5.88
Total Debt/Total Assets, %, FY 7.75 10.65 7.83
Net Debt/Net Book Capital, %, FY - 2.09 3.13
Total Debt/Total Book Capital, %, FY 12.26 15.94 12.14
Long Term Debt/Total Capital, %, FY 10.6 11.91 9.11
Total Debt/Total Capital, %, FY 12.26 15.94 12.14
Dividend Payout Ratio, %, FY 11.59 141.24 8.28

Earnings Retention Rate, %, FY 88.41 -41.24 91.72

Average Net Trade Cycle (Days), FY 24.58 20.7 17.26
Average Inventory (Days), FY 5.3 5.52 5.07

Average Receivables Collection Period (Days), FY 39.58 39.73 39.81

Average Payables Payment Period (Days), FY 20.31 24.56 27.61
 2007 2006
5/31/2007 5/31/2006

-368 -946

61.1 -87.7
1,201.00 991

21.19 85.23
1.16 1.12
1.22 1.18
61.81 28.98
94.68 43.84

- -

22.21 40.51
0.16 0.25
0.51 0.57
20.91 21.21
189.63 197.12
15.86 13.83
20.91 21.21
8.36 7.02
11.03 10.76
7.84 4.2
17.29 17.5
13.12 11.41
17.29 17.5
5.65 5.59

94.35 94.41
15.1 14.21
4.62 4.37

38.55 38.39
28.07 28.56
Ratios Analytics
United Parcel Service Inc
Analytic Ratios
Fiscal Period: 2009 2008 2007 2006
Period End Date: 12/31/2009 12/31/2008 12/31/2007 12/31/2006

Sales/Receivables, FY 7.75 8.19 7.78 7.68

Revenue/Inventory, FY - - - -
Revenue/Working Capital, FY 22.29 34.93 21.71 13.85
Revenue/Total Assets, FY 1.42 1.45 1.38 1.4
EBITDA/Common Shareholders Equity, %, FY 77 75.9 16.79 51.8
EBITDA/Total Equity, %, FY 77 75.9 16.79 51.8
EBITDA/Total Assets, %, FY 17.4 20.29 6.43 24.6
Return on Total Net Fixed Assets, %, FY 10.56 13.39 1.69 19.95
Return on Avg. Common Equity, % (Income
Available to Common Excluding Extraordinary
Items), FY 29.87 31.67 2.76 25.97
Return on Avg. Total Assets, % (Income After
Tax), FY 6.75 8.47 1.06 12.33
Income Available Common Excluding
Extraordinary Items/Total Equity, %, FY 29.87 31.67 2.76 25.97
Reinvestment Rate, %, FY 4.62 12.13 -10.09 15.79

Revenue per Employee, Fiscal Year End, FY 108,625.90 120,958.50 116,470.20 113,885.00
Historic Market Capitalization, Total Shares
Outstanding, FY 57,025.78 54,939.36 73,619.52 80,228.60
Historic Market Capitalization, Total Shares
Outstanding, Period To Period % Change, FY 3.8 -25.37 -8.24 -2.68
Historic Enterprise Value, FY 64,512.78 63,761.36 82,033.52 82,361.60
Historic Enterprise Value, Period To Period %
Change, FY 1.18 -22.27 -0.4 -1.22
Historic Enterprise Value/Revenue, FY 1.42 1.24 1.65 1.73
Historic Enterprise Value/EBITDA, FY 11.63 8.86 35.31 9.82
Historic Enterprise Value/Free Cash Flow, FY 118.16 - - 63.95
Historic Enterprise Value/Operating Cash Flow,
FY 12.21 7.57 73.05 14.74
Historic Enterprise Value/Free Operating Cash
Flow, FY 33.39 17.86 - 88.85
Historic Price to Revenue per Share, Avg. Diluted
Shares Outstanding, FY 1.27 1.09 1.51 1.72
Historic Price to EBITDA per Share, Avg. Diluted
Shares Outstanding, FY 10.38 7.83 32.36 9.74
Historic P/E, FY 26.77 18.77 196.79 19.43
Historic P/E Normalized, Avg Diluted Shares
Outstanding, FY 25.4 16.84 12.99 19.43
Historic Price to Cash Flow per Share, Avg.
Diluted Shares Outstanding, FY 14.77 11.7 35.34 13.72
Historic Price to Free Cash Flow per Share, Avg.
Diluted Shares Outstanding, FY 105.49 - - 63.4
Historic Price to Operating Cash Flow per Share,
Avg. Diluted Shares Outstanding, FY 10.9 6.69 66.94 14.61

Historic Price to Free Operating Cash Flow per

Share, Avg. Diluted Shares Outstanding, FY 29.81 15.79 - 88.08
Historic Price to Common Equity, FY 7.47 8.1 6.04 5.18

Historic Price to Tangible Common Equity, FY 11.53 12.83 8.2 6.54

Historic Price to Book, Total Equity, FY 7.47 8.1 6.04 5.18

Historic Price to Tangible Book, Total Equity, FY 11.53 12.83 8.2 6.54

Historic Dividend Yield - Common Stock Primary

Issue, %, FY 3.14 3.26 2.38 2.03
Beta 5 Year Monthly 0.82 - - -
Beta Up 5 Year Monthly 1.33 - - -
Beta Down 5 Year Monthly 1.02 - - -

Sharpe Ratio 5 Year Monthly 0.01 - - -

Beta 3 Year Weekly 0.94 - - -
Beta Up 3 Year Weekly 1.15 - - -
Beta Down 3 Year Weekly 0.81 - - -

Sharpe Ratio 3 Year Weekly 0.02 - - -

Volume Liquidity (10 day avg daily shares move
price 1%) 9,430,219.00 - - -
Dollar Liquidity (10 day avg daily $ move price
1%) 686,670,100.00 - - -
 Ratios Analytics
Fedex Corp
Analytic Ratios
2005 Fiscal Period: 2010 2009
12/31/2005 Period End Date: 5/31/2010 5/31/2009

7.2 Sales/Receivables, FY 9.2 9.16

- Revenue/Inventory, FY 91.89 88.52
8.28 Revenue/Working Capital, FY 13.28 15.89
1.25 Revenue/Total Assets, FY 1.41 1.42
48.36 EBITDA/Common Shareholders Equity, %, FY 28.79 18.61
48.36 EBITDA/Total Equity, %, FY 28.79 18.61
23.64 EBITDA/Total Assets, %, FY 16.07 10.51
19.37 Return on Total Net Fixed Assets, %, FY 7.81 0.65
Return on Avg. Common Equity, % (Income
Available to Common Excluding Extraordinary
23.27 Items), FY 8.62 0.69
Return on Avg. Total Assets, % (Income After
11.38 Tax), FY 4.82 0.39
Income Available Common Excluding
23.27 Extraordinary Items/Total Equity, %, FY 8.62 0.69
14.44 Reinvestment Rate, %, FY 7.62 -0.28

107,663.70 Revenue per Employee, Fiscal Year End, FY 373,483.90 378,231.20

Historic Market Capitalization, Total Shares
82,439.55 Outstanding, FY 26,215.86 17,294.16
Historic Market Capitalization, Total Shares
-14.33 Outstanding, Period To Period % Change, FY 51.59 -39.37
83,378.55 Historic Enterprise Value, FY 26,193.86 17,585.16
Historic Enterprise Value, Period To Period %
-12.67 Change, FY 48.95 -39.34
1.96 Historic Enterprise Value/Revenue, FY 0.75 0.5
10.37 Historic Enterprise Value/EBITDA, FY 6.63 6.71
38.06 Historic Enterprise Value/Free Cash Flow, FY 144.72 -
Historic Enterprise Value/Operating Cash Flow,
14.39 FY 8.35 6.39
Historic Enterprise Value/Free Operating Cash
37.64 Flow, FY 142.36 112.01
Historic Price to Revenue per Share, Avg. Diluted
1.97 Shares Outstanding, FY 0.75 0.49
Historic Price to EBITDA per Share, Avg. Diluted
10.43 Shares Outstanding, FY 6.64 6.6
21.67 Historic P/E, FY 22.18 178.29
Historic P/E Normalized, Avg Diluted Shares
21.67 Outstanding, FY 21.97 19.66
 Historic Price to Cash Flow per Share, Avg.
14.54 Diluted Shares Outstanding, FY 8.36 8.77
Historic Price to Free Cash Flow per Share, Avg.
38.28 Diluted Shares Outstanding, FY 144.84 -
Historic Price to Operating Cash Flow per Share,
14.48 Avg. Diluted Shares Outstanding, FY 8.35 6.28

Historic Price to Free Operating Cash Flow per

37.86 Share, Avg. Diluted Shares Outstanding, FY 142.48 110.15
4.88 Historic Price to Common Equity, FY 1.9 1.27

6.04 Historic Price to Tangible Common Equity, FY 2.27 1.53

4.88 Historic Price to Book, Total Equity, FY 1.9 1.27

6.04 Historic Price to Tangible Book, Total Equity, FY 2.27 1.53

Historic Dividend Yield - Common Stock Primary

1.76 Issue, %, FY 0.53 0.79
- Beta 5 Year Monthly 1.18 -
- Beta Up 5 Year Monthly 1.94 -
- Beta Down 5 Year Monthly 1.14 -

- Sharpe Ratio 5 Year Monthly 0.02 -

- Beta 3 Year Weekly 1.09 -
- Beta Up 3 Year Weekly 1.19 -
- Beta Down 3 Year Weekly 0.95 -

- Sharpe Ratio 3 Year Weekly 0.04 -

Volume Liquidity (10 day avg daily shares move
- price 1%) 18,429,840.00 -
Dollar Liquidity (10 day avg daily $ move price
- 1%) 1,734,007,000.00 -
 2008 2007 2006
5/31/2008 5/31/2007 5/31/2006

9.14 9.44 9.48

98.2 109.02 115.75
24.67 32.13 42.33
1.53 1.51 1.5
28.95 41.53 43.22
28.95 41.53 43.22
15.86 21.49 21.16
7.73 14.78 14.05

8.26 16.68 17.12

4.53 8.64 8.38

8.26 16.68 17.12

7.58 15.74 16.16

404,400.60 390,399.10 370,131.80

28,521.81 34,378.96 33,436.62

-17.04 2.82 23.82

28,990.81 35,455.96 33,941.62

-18.23 4.46 18.01

0.76 1.01 1.05
7.37 7.07 7.44
- 46.29 46.12

8.37 9.97 9.23

73.58 62.75 31.99

0.75 0.99 1.05

7.27 6.92 7.43

25.48 17.22 18.76

17.72 17.22 18.76

 9.59 9.24 10.11

- 45.32 46.02

8.26 9.76 9.21

72.62 61.44 31.93

1.96 2.72 2.9

2.55 4.1 4.17

1.96 2.72 2.9

2.55 4.1 4.17

0.33 0.33 0.3

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