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  • CBRE 2008 - Ratios

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    Matthew Tinkelman
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    This document provides financial metrics and ratios for years 2008, 2007, and 2006 for a company. Some key metrics include: - Return on assets (ROA) was -16.5% in 2008, up from 8.1% in 2007. - Current ratio was 1.02 in 2008, down from 0.96 in 2007, indicating the company barely had enough current assets to cover current liabilities. - Days receivables turnover was 82 days in 2008, up from 67 days in 2007, meaning receivables were being collected more slowly. - Leverage, as measured by long-term debt to equity, was 2.28 in 2008, up from 1.53 in 2007, indicating

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    CBRE 2008 - Ratios (2)

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    This document provides financial metrics and ratios for years 2008, 2007, and 2006 for a company. Some key metrics include: - Return on assets (ROA) was -16.5% in 2008, up from 8.1% in 2007. - Current ratio was 1.02 in 2008, down from 0.96 in 2007, indicating the company barely had enough current assets to cover current liabilities. - Days receivables turnover was 82 days in 2008, up from 67 days in 2007, meaning receivables were being collected more slowly. - Leverage, as measured by long-term debt to equity, was 2.28 in 2008, up from 1.53 in 2007, indicating

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    © All Rights Reserved
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    11 views2 pages

    CBRE 2008 - Ratios

    Uploaded by

    Matthew Tinkelman
    This document provides financial metrics and ratios for years 2008, 2007, and 2006 for a company. Some key metrics include: - Return on assets (ROA) was -16.5% in 2008, up from 8.1% in 2007. - Current ratio was 1.02 in 2008, down from 0.96 in 2007, indicating the company barely had enough current assets to cover current liabilities. - Days receivables turnover was 82 days in 2008, up from 67 days in 2007, meaning receivables were being collected more slowly. - Leverage, as measured by long-term debt to equity, was 2.28 in 2008, up from 1.53 in 2007, indicating

    Copyright:

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    of 2

    Return On Assets (ROA) 2008 2007 2006

    Total Assets 4,726,414 6,242,573 5,944,631 pg before pg 76 & pg 78


    Average Assets 5,484,494 6,093,602 5,944,631
    Revenue 5,128,817 6,034,249 4,032,027 pg 79
    Net (loss) income -1,012,066 390,505 318,571 pg 79
    Interest expense 167,156 162,991 45,007 pg 79

    Given tax rate 35%


    After tax interst expense 108,651 105,944 29,255
    Adj Net Income = NI + After Tax Interest (Costs) -903,415 496,449 347,826

    ROA (Adj NI/Average Assets) -16.5% 8.1% 5.9%


    Profit Margin (Adj NI/Revenue) -17.6% 8.2% 8.6%
    Asset Turnover (Revenue/Average Assets) 93.5% 99.0% 67.8%
    ROA Verification (PM X Asset TO) -16.5% 8.1% 5.9%

    Return on Common Equity 2008 2007 2006


    Average Assets 5,484,494 6,093,602 5,944,631
    Revenue 5,128,817 6,034,249 4,032,027 pg 79
    Stockholders' Equity 114,686 988,543 1,181,641 pg before pg 76 & pg 78
    Minority interest 231,037 263,613 78,136 pg before pg 76 & pg 78
    Total Stockholders' Equity (SE + MI) 345,723 1,252,156 1,259,777
    Average Equity 798,940 1,255,967 1,259,777
    Net (loss) income -1,012,066 390,505 318,571 pg 79

    ROE (NI/Average SE) -126.7% 31.1% 25.3%


    Profit Margin (Net Income/Revenue) -19.7% 6.5% 7.9%
    Asset Turnover (Revenue/Average Assets) 93.5% 99.0% 67.8%
    Leverage (Average Assets/SE) 686.5% 485.2% 471.9%
    ROE Verification (PM X Asset TO X Leverage) -126.7% 31.1% 25.3%

    Quick and Current Ratios 2008 2007 2006


    Total Current Assets 1,915,533 2,325,568 2,335,012
    Total Current Liabilities 1,872,845 2,423,811 1,954,662
    Current Ratio (CA/CL) 1.02 0.96 1.19

    Cash and cash equivalents 158,823 342,874 244,476


    Receivables, less allowance for doubtful accounts of $56,3 751,940 1,081,653 880,809
    Warehouse receivables 210,473 255,777
    Trading securities 355,503
    Available for sale securities 237 1,212 371
    Total "Quick" Assets 1,121,473 1,681,516 1,481,159
    Quick Ratio ('Quick' Assets/CL) 0.60 0.69 0.76
    Turnover Ratios 2008 2007 2006
    Net receivables 751,940 1,081,653 880,809
    Warehouse receivables 210,473 255,777 0
    Total Receivables 962,413 1,337,430 880,809
    Average Receivables 1,149,922 1,109,120 880,809
    Revenue 5,128,817 6,034,249 4,032,027
    Receivables Turnover (Sales / Avg Receivables) 4.46 5.44 4.58
    Days Receivables Turnover (365/Rec Turnover) 82 67 80

    Real estate under development 56,322 78,388 9,906


    Real estate and other assets held for sale 40,434 165,078 239,343
    Total inventory 96,756 243,466 249,249
    Average Inventory 170,111 246,358 249,249
    Cost of services 2,926,721 3,200,718 2,110,512
    Inventory Turnover (Cost of services/Avg Inventory) 17.20 12.99 8.47
    Days Inventory Turnover (365/Inv Turnover) 21 28 43

    Accounts Payables 395,658 488,341 477,781


    Average Accounts Payables 442,000 483,061 477,781
    Total Inventory 96,756 243,466 249,249 249249
    Cost of services 2,926,721 3,200,718 2,110,512
    Purchases (= End Inv - Beg Inv + Cost of Services) 2,780,011 3,194,935 2,110,512
    Acc Payables Turnover (Purchases/Avg Payables) 6.29 6.61 4.42
    Days Payables Turnover (365/Payables Turnover) 58 55 83

    Leverage Ratios 2008 2007 2006


    Total Long-Term Debt 1,866,759 1,777,352 2,066,673
    Average LT Debt 1,822,056 1,922,013 2,066,673
    Total Stockhodlers' Equity 345,723 1,252,156 1,259,777
    Average Stockholders' Equity 798,940 1,255,967 1,259,777
    LT Debt/Equity (Average) 2.28 1.53 1.64
    LT Debt/Equity (no average) 5.40 1.42 1.64

    Total short-term borrowings 246,065 538,680 126,208


    Current maturities of long-term debt 210,662 11,374 11,836
    Notes payable on real estate (Current) 176,372 127,706 43,856
    Notes payable on real estate (LT) 420,242 218,873 118,477
    Total Debt (Total LT Debt plus short term borrowings etc) 2,920,100 2,673,985 2,367,050
    Average Total Debt 2,797,043 2,520,518 2,367,050
    Total Debt/Equity (Average) 3.50 2.01 1.88
    Total Debt/Equity (no average) 8.45 2.14 1.88

    Assets to Equity (Avg Total Assets/Avg Total Equity) 6.86 4.85 4.72

    Interest Expense 167,156 162,991 45,007


    Operating (loss) income -788,469 698,971 550,139
    Interest Coverage -4.72 4.29 12.22

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