Fin Report

1
Name ID Company
Asfaq Mahin 1521885630 Apex Foods Limited
Earth Zaman 1812360630 Pran
Faria Nisa 1731382630 Olympic
Noman Ahmend 1811190630 GHAIL
Shakrin Afrose 1811467630 Fine Foods Limited
Task Calculation
Table Of Contents
Introduction 03
Discussion 05
Benchmarking 30
Conclusion 37
2
Introduction
GOLDEN HARVEST AGRO INDUSTRIES LIMITED
Golden Harvest is Bangladesh’s one of the leading business groups with diversified interests in
Food, Dairy, Commodity, Information Technology, Logistics, Real Estate, Aviation,
Infrastructure Development and Insurance. Golden Harvest has been a pioneering force in the
frozen food sector in Bangladesh and is the country’s first company to develop its own Cold
Chain network in collaboration with USAID. Golden Harvest started its journey as a Commodity
Brokerage company and later on expanded its business and is now a leading force behind various
business sectors and employing over 5000 People. Golden Harvest is also the Joint Venture
partner of Nippon Express, Asia’s largest logistics company with network in over 480 locations
worldwide. Golden Harvest strongly believes in giving back to the society and runs a CSR
programme that includes Bangladesh Human Rights Foundation, TAC Charitable Hospital,
Alvina Samdani Trust and Samdani Art Foundation that organizes Dhaka Art Summit, the largest
non-commercial South Asian art dedicated event.
MISSION
Consistently deliver international standard innovative products & services for improved lifestyle.
VISION
To be the most trusted and preferred brand to every household in Bangladesh.
Golden Harvest Agro Industries Ltd. is a publicly listed company which is one of the pioneers in
Frozen Food manufacturing in Bangladesh. The brand is known, both locally and abroad, for its
wide range of ready to cook frozen products. Golden Harvest Agro Industries Ltd. takes pride in
its food processing plant & supply chain. For its production and supply chain facilities the
company has received many certifications including ISO 22000:2005, 9001:2008 & HACCP.
The company’s supply process is linked with over 100,000 Bangladeshi agricultural partners
who supply 95% of the company’s raw materials. The food processing plant is situated in
Gazipur which is equipped with state of the art machineries and is maintained by a team of
industry’s best professionals. Once production is completed and quality is assured, the frozen
products are distributed through an extensive network of temperature controlled transportation
system. The company distributes nationwide and exports to USA, Canada, Australia, Middle
East and the European countries, maintaining a temperature of -18⁰ C through its cold chain
network. All these ensures top quality products, farm to fork!
OLYMPIC INDUSTRIES LIMITED

3
An Olympic industry limited was incorporated in 1979as Bengal carbide limited and started its
commercial operation in 1982. The company was initially engaged in producing dry cell battery.
Later on, in 1966 the company diversified its business into biscuits and confectionary item and in
2008, by acquiring Tripti Industries LTD, into ball pen industry. As per annual report, the
company has 6 lines of biscuit, 4 lines of confectionary item, 3 lines of ball pen and 3 lines of
dry cell battery. It also produces biscuits under a third party manufacturing agreement with a
processor in Chittagong. As on June 30 2015, capacity utilization of biscuit and confectionary,
battery and ball pen segments 70%.40% and 57% respectively. The production facilities of the
company situated in kachpur and border of Narayango. Among these three business segments
biscuits and confectionary generates unit of 91.67% revenue followed by battery (4.62%)and ball
pen (3.71%). Company produce horlicks biscuits for GlaxoSmithKline under a third party
manufacturing agreement.
It offers various products choice to customers in each revenue segment. As per the company
proclamation, it is the currently market leader in case of biscuit market of Bangladesh and hold
the second position in terms of battery market in Bangladesh. It also economies of scale
compared to other competitor in the industry. The firm took initiative to export biscuit in 2013
and earn token revenue. The firm is enlisted in the DSE and CSE in1989 and 1996 respectively.
Around 31.49% of shares of the company are held by sponsors whereas institutional, general and
foreign investor held 30.31%,27.45% and 10.75% respectively.
APEX FOOD LIMITED

Apex food was incorporated on 21.03.1979 under the Companies Act 1913 (Repealed in 1994).
AFL is a 100% export oriented value-added shrimp processing Company. It is the single largest
processor & exporter of frozen seafood in Bangladesh and is one of the most modern seafood
processing plants in Asia, equipped with the latest processing, freezing and storage machinery.
Its high quality products are well known in the international seafood market. AFL has received
numerous commendations and trophies for product quality and export turnover from the
Government of Bangladesh.
This company is committed to delivering and servicing good quality food to their customer. The
object of apex food company is to continuously improving its product and service to better
satisfy the need of customer. All employee of the company is expected to confirm to this
corporate quality policy and the understand to the quality needs of the customer. The
management is committed to ensure best quality sea food and support to attain the corporate
quality policy.
PRAN
PRAN was born in the year 1981. A successful period of 5 years led to the diversification of PRAN’s
operations into agriculture in 1986 through contract farming, with the coordination of AMCL,
(Agriculture Marketing Company Limited). PRAN further cemented its place in the industry through a
food processing plant at Ghorashal in 1992. Coming through this period of endeavor, PRAN has now
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established itself as one of the top manufacturing companies and has set the grounds for development
for any potentialities. PRAN prides itself on being an organization that has performed excellently not
only on a domestic level but on a global level as well. As an environment friendly organization, PRAN has
set an industry-wide benchmark in its home country through its continuous contributions to the
economy.
FINE FOOD LIMITED

Fine Foods Limited started as a Public Limited Company in 2002 aiming to contribute to the
local development through meeting the nutrition demand. It started its business activity by a Fish
project in the village Mondolvog. The company has different types of fish productions. It’s
customers who are the General public of the country. Various kinds of fishes have been cultured,
cultivate and fishing from the beginning of the Company. Rui, Katla, Mregal, Curp, Telapia,
Koi, Catfish, Pangas, Common Curp etc. are cultured, cultivate and fishing here. They have their
office in 44/1, Rahim Square, New Market, Dhaka -1205.
Discussion
GOLDEN HARVEST AGRO INDUSTRIES LIMITED
Current Ratio
1.6
1.39
1.4
1.2 1.15
0.8
0.6
0.4
0.2
2016 2015
Current Ratio- The current ratio measures how many times company can cover their current
liabilities. That means GHAIL in 2015 can pay for its current liabilities 745,832,390 over. But in
2016 it is 705,567,743. A quick analysis of the current ratio will tell that the company's liquidity
has gotten just a little bit better between 2015 and 2016 since it down from 745,832,390 to
705,567,743.
5
Inventory turnover ratio

2.9
2.87
2.85
2.8
2.75
2.7
2.65 2.63
2.6
2.55
2.5
2016 2015
Inventory turnover ratio: Inventory turnover is a ratio showing how many times a company
has sold and replaced inventory during a given period. This means that this company completely
sells and replaces its inventory in 2015 2.87 times in year and in 2016 2.63times there is a
decrement from 2015 to 2016 this is either they are selling less products or they are sufficient.
Average Collection Period

255
253
250
245
240
235
235
230
225
2016 2015
Average collection period: It is the number of days, on average, that it takes a firm's customers
to pay their credit accounts. In 2015 average collection period of this company is 234.346 days
where in 2016 it becomes 252.468 days. From 2015 to 2016, the average collection period is
rising. In other words, customers are paying their bills more lately.
6
Debt Ratio
33%
0.33
33%
33%
33%
32%
32%
0.32
32%
32%
32%
31%
2016 2015
Debt ratio: The debt ratio is an indicator of a company's financial leverage. It tells the
percentage of company's total assets that were financed by creditors. In 2015 debt ratio is 32%
and in 2016 it is 33%. So, the increment in percentage shows that the company is using more
debt financing to operate the company.
Total Asset Turnover Ratio

0.21
0.21 0.2
0.2
0.2
0.19
0.19
0.18
0.18
0.18
0.17
0.17
2016 2015
Total asset turnover ratio: It measures efficiency with which a company uses its assets to
produce sales. In 2015 total asset turnover is 0.1810 and in 2016 the rate is 0.2032. So, it seems
that company is efficient in sales as they are generating more sales from the asset from 2015 to
2016.
7
Gross Profit Margin

60%
50% 0.48 0.48
40%
30%
20%
10%
0%
2016 2015
Gross profit margin: Gross margin, alone, indicates how much profit a company makes after
paying off its Cost of Goods Sold. From 2015 to 2016 there is the same gross profit of the
company is 48% and 48%. That means company is managing its cost of selling goods in the
same way.
Net Profit Margin

18%
0.18
18%
18%
18%
17%
17%
0.17
17%
17%
17%
16%
2016 2015
Net profit margin: Net profit margin measures how much each dollar of sales contributes to
profit and how much is used to pay expenses. From 2015 to 2016 there is an increase in net profit
margin from 17% to 18%. So it clearly shows more profit from sales and decrementing in cost
regarding expenses.
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ROA
3.80%
0.04
3.70%
3.60%
3.50%
3.40%
3.30%
3.20%
0.03
3.10%
3.00%
2.90%
2.80%
2016 2015
Return on asset: It shows what kind of return company is getting on their investment in their
assets. In 2015 return on asset is 3.1% and in 2016 is 3.7%. So there is an increase in return on
asset compare to 2015 to 2016 because of more sales, less cost of production and increment in
net profit. So basically it shows more return on investment.
ROE
5.60%
0.06
5.40%
5.20%
5.00%
4.80%
0.05
4.60%
4.40%
4.20%
2016 2015
Return on equity: Return on equity measures how effectively management is using a

company’s assets to create profits. In 2015 return on equity is 4.7% and 2016 it is 5.5% surely
there is increment in return on equity for this company which means company is getting more
efficient for generating profit by increasing net income and it is good deal for its common stock
holder as they will get higher dividend.
9
Price Earnings Ratio

180
163
160
140
120
100 96
80
60
40
20
2016 2015
Price earnings ratio: The Price Earnings Ratio (P/E Ratio) is the relationship between a
company’s stock price and earnings per share (EPS). It is a popular ratio that gives investors a
better sense of the value of the company. From 2015 to 2016 P/E has a huge change. It became
96 in 2016 where it was 163 in 2015.
OLYMPIC INDUSTRIES LIMITED
Current ratio: The current ratio measures how many times company can cover their current
liabilities. That mean Olympic industries limited in 2015 can pay for its current liabilities
3,853,733,709 over. But in 2016 it is 5,677,517,033. A quick analysis of the current ratio will tell
that the company's liquidity has gotten just a little bit better between 2015 and 2016 since it rose
from 3,853,733,709 to 5,677,517,033.
CURRENT RATIO
25
20
15
10
0
Current ratio(1)
2015 2016
sells and replaces its inventory in 2015 8.910528515 times in year and in 2016 12.51412506
10
times there is an increment from 2015 to 2016 this is either they are selling more product or they
are insufficient.
INVENTORY TURNOVER
14
12
10
2015
8 2016
0
Inventory turnover(2)
to pay their credit accounts. In 2015 average collection period of this company is 4.435049554
day where in 2016 it becomes 5.670137586 day. From 2015 to 2016, the average collection
period is rising. In other words, customers are paying their bills more lately.
AVERAGE COLLECTION PERIOD

6
4
2015
2016
3
0
Average collection period(3)
and in 2016 it is 54% .So, the increment in percentage shows that the company is using more
debt financing to operate the company.
11
DEBT RATIO
60
50
40
2015
2016
30
20
10
0
Debt ratio (4)
produce sales. In 2015 total asset turnover is 1.536072048 and 2016 1.931309552. So, it seems
2016.
TOTAL ASSET TURNOVER

2.5
1.5 2015
2016
0.5
0
1
paying off its Cost of Goods Sold. From 2015 to 2016 there is an increment in gross profit of the
company from 29% to 33 % that means company is managing its cost of selling good more
effectively and earning more profit than before.
12
GROSS PROFIT
34
33
32
31 2015
2016
30
29
28
27
Gross profit margin (6)
margin from 12% to 14% so it clearly shows more profit from sales and decrementing in cost
regarding expenses.
NET PROFIT MARGIN

16
14
12
10 2015
2016
8
0
Net profit margin (7)
assets. In 2015 return on asset is 18% and in 2016 is 28% so there is an increase in return on
asset compare to 2015 to 2016 because of more sales, less cost of production and increment in
net profit. So basically it shows more return on investment.
13
RETURN ON ASSET
35
30
25
2015
20 2016
15
10
0
Return on asset (8)

company’s assets to create profits. In 2015 return on equity is 32% and 2016 it is 63% surely
there is increment in return on equity for this company which means company is getting more
efficient for generating profit by increasing net income and it is good deal for its common stock
holder as they will get higher dividend.
RETURN ON EQUITY
70
60
50
2015
40 2016
30
20
10
0
Return on equity (9)
better sense of the value of the company. From 2015 to 2016 P/E has no significant change
which is 40.
14
PRICE EARNING RATIO

40.45
40.45
40.44
40.44 2015
2016
40.43
40.43
40.42
40.42
40.41
P/E ratio (10)
APEX FOOD LIMITED

Current ratio: Apex food current ratio is 1.3 to 1.4 and its acceptable current ratio of the
company. If the value of a current ratio is considered high, then the company may not be
using its current assets, specifically cash, or its short-term financing options. A high
current ratio can be a sign of problems in managing working capital.
current ratio
1.42
1.4
1.38
1.36
1.34
1.32
1.3
1.28
1.26
1.24
Category 1
2015 2016
Inventory Turnover: Inventory turnover measures how fast a company sells inventory
and compare it to industry averages. A low turnover indicates weak sales and possibly
extra inventory, also known as overstocking. In 2015 inventory turnover was 2.794 and
2016 was 2.7936 which is also good for the company.
15
inventory turnover
2.79
2.79
2.79
2.79
2.79
2.79
2.79
2.79
2.79
2.79
Category 1
2015 2016
Total Asset turnover: The asset turnover ratio can be used as an indicator of the
efficiency with which a company is using its assets to generate revenue. The higher the
asset turnover ratio, the more efficient a company. If a company has a low asset turnover
ratio, it indicates it is not efficiently using its assets to generate revenues. In 2015 total
asset turnover is 1.549 and 2016 1.314 and its shows that their total asset turnover is
decreasing. company should have improved their condition.
total asset turnover

1.6
1.55
1.5
1.45
1.4
1.35
1.3
1.25
1.2
1.15
Category 1
2015 2016
Debt Ratio: A ratio greater than 1 shows that the company has more liabilities than
assets. A high ratio also indicates that a company may be putting itself at a risk of default
on its loans. A ratio below 1 translates to the fact that a greater portion of a company's
assets is funded by equity. its shows 2015 was .6502 and 2016 was .59935 which very
good sign for the company.
16
debt ratio
0.66
0.64
0.62
0.6
0.58
0.56
0.54
Category 1
2015 2016
Gross profit Margin: In 2015 the company had gross profit margin .0789 and 2016 its .
0942 which is more than last year. The company its improving their sales and earring
profit. The company should have more increase it.
gross profit margin

0.1
0.1
0.09
0.09
0.08
0.08
0.07
Category 1
2015 2016
Return on asset: It is a ratio that measures a company's earnings before interest and

taxes relative to its total net assets. In 2015 the company’s return n total assets were .0476
which is not good sign for the company and its 2016 its become .0085 it shows that
means the company is not improving and becoming a profitable company.
17
ROA
0.05
0.05
0.04
0.04
0.03
0.03
0.02
0.02
0.01
0.01
0
Category 1
2015 2016
Return on equity: A rising ROE suggests that a company is increasing its ability to

generate profit without needing as much capital. It also indicates how well a company's
management is deploying the shareholders' capital. In the year 2015 the company had .
0548 which occurs when a company has a financial loss on returns during a specific
period of time. In other words, the business loses more money than it brings in. but in
2016 they overcome the problem and their return equity become .00769.
ROE
0.06
0.05
0.04
0.03
0.02
0.01
0
Category 1
2015 2016
price earnings ratio: The Price Earnings Ratio is the relationship between a company’s
stock price and earnings per share. It is a popular ratio that gives investors a better sense
of the value of the company. In 2015 the price earnings ratio was 6.73which became
50.125 the year 2016. its positive sign of the company.
18
Price earnings ratio

60
50
40
30
20
10
0
Category 1
2015 2016
Average collection period: The average collection period is the amount of time it takes
for a business to receive payments owed by its clients in terms of Companies calculate
the average collection period.IN 2015 Average collection period 47.39 and 2016 it was
41.37 that standard for the company. Company decrease collection time around one year.
average collection period

48
47
46
45
44
43
42
41
40
39
38
Category 1
2015 2016
Net profit Margin: The net profit margin is equal to how much net income or profit is
generated as a percentage of revenue. Net profit margin is the ratio of net profits
to revenues for a company or business segment. In 2015 net profit margin was .0308 and
2016 .0065.
19
net profit margin

0.04
0.03
0.03
0.02
0.02
0.01
0.01
0
Category 1
2015 2016
PRAN
Current ratio: The current ratio measures how many times company can cover their current
liabilities. That mean Pran industries limited in 2015 can pay for its current liabilities 539485923
But in 2016 it is 697532212. A quick analysis of the current ratio will tell that the company's
liquidity has gotten just a little bit better between 2015 and 2016 since it rose from 539485923 to
697532212.
1.6 1.57118098
1.55
1.5
1.45
1.4
S e rie s1
1.35 S e rie s2
1.311239023
1.3
1.25
1.2
1.15
Curre nt Ra t io (1)
here 2016 is series 1 and 2015 as series 2
sells and replaces its inventory in 2015 2.790752675 times in year and in 2016 2.956899767
times there is an increment from 2015 to 2016 this is either they are selling more product or they
are insufficient.
20
3
2.956899767
2.95
2.9
Series1
2.85
Series2
2.790752675
2.8
2.75
2.7
Inventory turnover
to pay their credit accounts. In 2015 average collection period of this company is 16.0867264
days where in 2016 it becomes 20.63830623 days. From 2015 to 2016, the average collection
period is rising. In other words, customers are paying their bills more lately.
25
20.63830623
20
16.0867264
15
Series1
Series2
10
0
Average collection period
and in 2016 it is 19%. So, the decrement in percentage shows that the company is using less debt
financing to operate the company.
21
0.7
0.6
0.5
0.4 Series1
0.3 Series2
0.2
0.1
0
Debt Ratio
produce sales. In 2015 total asset turnover is 1.252899506 and 2016 is 1.433289265. So, it seems
2016.
1.45 1.433289265
1.4
1.35
Series1
1.3
Series2
1.252899506
1.25
1.2
1.15
Total asset turnover
here 2016 is series 1 and 2015 as series 2.
paying off its Cost of Goods Sold. From 2015 to 2016 there is an increment in gross profit of the
company from 71% to 19% that means company is not managing its cost of selling good
effectively and failed to earn more profit than before.
22
0.8
0.7
0.6
0.5
S e rie s1
0.4
S e rie s2
0.3
0.2
0.1
0
Gross P rof it Ma rgin
margin from 2.9 % to 2.5 % so it clearly shows less profit from sales and incrementing in cost
regarding expenses.
0 .0 3
0 .0 2 9
0 .0 2 8
0 .0 2 7
Series 1
Series 2
0 .0 2 6
0 .0 2 5
0 .0 2 4
0 .0 2 3
Net p ro fit M arg in
assets. In 2015 return on asset is 3% and in 2016 is 3%. so there is a slight change in return on
asset compare to 2015 to 2016 because of slight change in sales, less cost of production and
increment in net profit. So basically it shows same return on investment.
23
0.037 0.036915912
0.0369
0.0368
0.0367
0.0366
Series1
0.0365
Series2
0.0364 0.036318306
0.0363
0.0362
0.0361
0.036
Return on total Assets

company’s assets to create profits. In 2015 return on equity is 10% and 2016 it is 9% surely there
is slight decrement in return on equity for this company which means company is getting less
efficient for generating profit by decreasing net income and still it is good deal for its common
stock holder as they will get dividend as same like before.
0.104
0.103
0.102
0.101
0.1
Series1
0.099
Series2
0.098
0.097
0.096
0.095
0.094
Return on equity
better sense of the value of the company. From 2015 to 2016 P/E has slightly changed 27 to 29.
24
30
2 9 .56 19 3 3 53
2 9 .5
29
2 8 .5
Series 1
28
Series 2
2 7.4 74 8 2 0 14
2 7.5
27
2 6 .5
26
Price earning rat io
Inventory turnover: Inventory turnover measures how fast a company sells inventory and
compare it to industry averages. A low turnover indicates weak sales and possibly extra
inventory, also known as overstocking. In 2015 the inventory turnover was 0.724 and in 2016 it
was 0.4398, which is not good for the company.
Inventory turnover
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
2015 2016
Current ratio: Acceptable current ratios vary from industry to industry and are generally
between 1.5% and 3% for healthy businesses. If the value of a current ratio is considered high,
then the company may not be efficiently using its current assets, specifically cash, or its short-
term financing options. A high current ratio can be a sign of problems in managing working
capital. In year 2015 the current ratio was 12.613, which is a lot more than the industry average.
In 2016 it was 12.46, which is a bit lower than 2015.
25
Current ratio
12.65
12.6
12.55
12.5
12.45
12.4
12.35
2015 2016
Average collection period: Having a higher average collection period means it may need better
communication with customers regarding their debts and your expectations of payment. Stricter
bill collection steps may need to be taken. In 2015 it was 49.098 and in 2016 it was 56.617. It
takes more days than in 2015 to collect its account receivable. This can be harmful for the
company.
58
56
54
52
50
48
46
44
2015 2016
Total asset turnover: The asset turnover ratio can be used as an indicator of the efficiency with
which a company is using its assets to generate revenue. The higher the asset turnover ratio, the
26
more efficient a company. If a company has a low asset turnover ratio, it indicates it is not
efficiently using its assets to generate revenues. In 2015 their total asset turnover was 0.199 and
in 2016 they try to improve it as it became 0.2445. but still it isn’t high enough which indicate
that the company is not using their assets effectively.

0.3
0.25
0.2
0.15
0.1
0.05
2015 2016
Debt ratio: A ratio greater than 1 shows that the company has more liabilities than assets. A
high ratio also indicates that a company may be putting itself at a risk of default on its loans. A
ratio below 1 translates to the fact that a greater portion of a company's assets is funded by
equity. The company had a debt ratio of 0.024 in the year 2015 which increase to 0.0298 in 2016.
The company is increasing its loans which can be risky.
Debt ratio
0.04
0.03
0.03
0.02
0.02
0.01
0.01
2015 2016
27
Gross profit margin: In 2015 the company had 0.033 gross profit margin. Which is a very low
rate saying that the company is not having much profit on its sales. In 2016 it increases to 0.424
that means they are now earning much more profit than last year. The company is improving its
sales and earning more profit.
Gross profit margin

0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
2015 2016
Net profit margin: This indicates how much net income a company makes with total sales
achieved. A higher net profit margin means that a company is more efficient at converting sales
into actual profit. In 2015 the company had -0.745 net profit margin. A negative net profit
margin means that the money you make from selling your products or services is not enough to
cover the cost of making or selling those products or services. They overcome the situation in
2016 and their net profit margin became 0.305.
Net profit margin

0.35
0.3
0.25
0.2
0.15
0.1
0.05
-0.05
-0.1
2015 2016
28
Return on total assets: It is a ratio that measures a company's earnings before interest and taxes
relative to its total net assets. In 2015 the company’s return on total assets was -0.01485 which
tells that the company was a unprofitable company. In 2016 is became 0.07467 that means the
company is now improving and becoming a profitable company.
Return on total assets

0.1
0.08
0.06
0.04
0.02
-0.02
2015 2016
Return on equity: A rising ROE suggests that a company is increasing its ability to generate

profit without needing as much capital. It also indicates how well a company's management is
deploying the shareholders' capital. In the year 2015 the company had -0.01522 which occurs
when a company has a financial loss on returns during a specific period of time. In other words,
the business loses more money than it brings in. but in 2016 they overcome the problem and their
return on equity became 0.07696.
Return on equity
0.1
0.08
0.06
0.04
0.02
-0.02
2015 2016
29
Price earnings ratio: The Price Earnings Ratio is the relationship between a company’s stock
price and earnings per share. It is a popular ratio that gives investors a better sense of the value of
the company. In 2015 the price earnings ratio was -208.0536913 which became 39.21568627 in
the year 2016.

100
50
-50
-100
-150
-200
-250
2015 2016
Benchmarking
1.Current ratio: Current ratio shows the ability to pay short term liabilities .Industry average in
2015 and 2016 is 5 and 7 respectively by comparing this as a benchmarks with the current ratio
of Olympic ,Pran Ltd,Fine Food,Golden Harvest and Apex food industries we found the current
ratio like 9.78,1.57,12.61, 1.15&1.31in 2015 where else in 2016 it is 22.73,1.31,12.46 ,
1.39&1.35 respectively where we can see higher current ratio compare to industry average are
in Olympic and Fine Food in 2015 and also Olympic and fine food in2016 but Pran Ltd Golden
Harvest &Apex food has the lowest current ratio compare to the industry average so they have
low capability to pay off short term debt .That means, they don’t have enough liquidity .
30
CURRENT RATIO
25
20
15
2015
2016
10
0
olympic pran fine golden harvest apex
current ratio
2.Average collection period: Industry average for average collection period in 2015 and 2016
are 315 days and71 days respectively. Here we compare 5 industries Olympic, Pran Ltd,Fine
Food, Golden Harvest and Apex Food average collection period in 2015 is 4,49,16,234&11days
where else in 2016 it is 5,57,20,252&23. So clearly, it can be see compare to industry average of
2015 and 2016 most of them are below industry average level so that means they are less time to
pay back money to its creditor but comparatively Golden Harvest and Fine Food have highest
average collection period. More the average collection period better off for the investor they feel
more willing to invest in the company.
AVERAGE COLLECTION PERIOD

300
250
200
2015
150
2016
100
50
0
3. Total asset turnover: Asset turnover shows that how efficient the company is produce sell
from the asset of the company .Industry average in 2015 and 2016 is 0.94 and 0.99 and by
comparing among Olympic ,Pran Ltd,Fine Food,Golden Harvest and Apex Food in 2015
1.53,0.2,1.43, 0.18 & 1.55and 2016 t is 1.93,0.24,1.25,0.20and1.31 so it can said that by
31
comparing this asset turnover value with average asset turnover among the five industries
Olympic and Fine Food ,Apex Food has highest total asset turnover compare to Pran Ltd and
Golden Harvest has the lowest asset turnover so that means industries like Olympic, Apex Food
and Fine Food has more sales from its asset and they are more efficient .But Pran Ltd &Golden
harvest are less efficient to generate more sales from the asset.
TOTAL ASSET TURNOVER

2.5
1.5
2015
2016
1
0.5
0
4. Price earnings ratio: Price earnings ratio shows the relations between share price and
earnings per share. It gives the investor where to invest or not .Industry average for price
earnings ratio in 2015 and 2016 is 8 and 50 .Price earnings ratio in the industries like Olympic
,Pran Ltd, Fine Food, and Golden Harvest and Apex Food in 2015 40,-208,27,163&6 and 2016
it is 40 ,39,30,95 and 50 .Here all the company price earnings ratio fall under to the range of 8 to
50 which is an industry average for 2015 and 2016 expect of the Golden harvest and Apex Food
it has highest price earnings ratio in both of the year and where else fine food has the negative
price earnings ratio which company is losing it money and people are less interest to invest
because for the present situation of future analysis .Sometimes higher price earnings ratio could
means the value has manipulated to make it look bigger than it should be.
32
PRICE EARNINGS RATIO

200
150
100
50
0 2015
-50 2016
-100
-150
-200
-250
5. Gross profit margin: Gross margin indicates how much profit a company makes after paying
off its Cost of Goods Sold. Industry average in 2015 was 32. If we compare is with the gross
profit margin od Olympic, Pran, Fine food, Ghail and apex food industry we found the current
ratio as 30, 71, 3, 48 and 8. The industry average in 2016 was 31 and companies gross profit
margis was 33, 19, 42, 49 and 9. In 2015 Pran and Ghail has the ratio more than the industry
average that means they are making much more profit than Fine food, Apex food and Olympic.
In 2016 Fine food and Ghail has more than the industry average. So, we can say that Ghail is the
most profitable company than Olympic, Pran, Fine food and Apex food.
33
Gross profit margin

80
70
60
50
40
30
20
10
0
2015 2016
olympic pran fine food ghail apex food
6. Net profit margin: Net profit margin measures how much each dollar of sales contributes to
profit and how much is used to pay expenses. The industry average in 2015 and 2016 was 7 and
14. Here we compare 5 companies Olympic, Pran, Fine food, Ghail and Apex food net profit
margin in 2015 was 12, 3, -7, 17 and 3 where in 2016 it was 15,3, 30, 18 and 25. In 2015
Olympic and Ghailhad more than the industry average and in 2016 fine food and Apex food had
more net profit margin than other companies. So, we can say that in 2015 Ghail was the best and
in 2016 Fine food was the best.
Net profit margin

35
30
25
20
15
10
0
2015 2016
-5
-10

34
7. Inventory turnover: Inventory turnover is a ratio showing how many times a company has
sold and replaced inventory during a given period. In 2015 the industry average for inventory
turnover was 3 and in 2016 it was 4. Here are some companies we will compare with Olympic,
pran, Fine food, Ghail and apex food. In 2015 their inventory turnover was 9, 3, 1, 3 and 3. Only
Olympic had an inventory turnover more than the industry average means either they are selling
more product and fine food had less than the industry average means they are not selling their
products sufficiently. In 2016 it was 12, 3, 0.4, 2 and 3. Olympic had more than the industry
average its means either they are selling more product or they are insufficient.
Inventory turnover
14
12
10
0
2015 2016
8. Debt ratio: The debt ratio is an indicator of a company's financial leverage. It tells the
percentage of company's total assets that were financed by creditors. Industry average in 2015
and 2016 was 41 and 34. In2015 Olympic, pran, fine food, ghail and apex food had their
inventory turnover as 41, 65, 2, 33 and 65. In 2015 Pran and Apex food had the most debt ratio.
In 2016 it was 55, 19, 3, 33 and 60. Also in 2016 apex food had the most debt ratio.
35
Debt ratio
70
60
50
40
30
20
10
0
2015 2016
9. Return on asset: Return on asset implies how much profit has been made by a company from
its total asset .It depends on the company efficiency here industry average for return on asset in
2015 and 2016 is 25.84% and 1.65 %.Where else industry such olmypic ,fine,pran ,ghail and
apex food has return on asset in 2015 is 18.91,-148.5,369,319,4 and in 2016 it is
28,7.5,3.6,3.7and 0.85 .Comparing with industry average of 2015 and 2016 it can be said that
Olympic has lower return on asset and rest of the industry has higher return on asset except of
fine food which has negative profit outcome from its asset.
return on asset
35
30
25
20
2015
15 2016
10
0
-5
return on asset
10. Return on equity: Return on equity show how much profit inventor is getting from the
investment in that particular company. Industry average in 2015 and 2016 are as follows 8%and
14.61% .where else Olympic ,fine,pran,ghail and apex has return on equity in 2015 8,0.7,6,63,9
36
and in 2016 it is 5,4,10,-0.01and 32 .Here return on equity from all the four industries expect
apex food is lower compare to industry average .So it can be said inventor will have lower profit
by investing among industries except of apex food.
return on equity
70
60
50
40
2015
30 2016
20
10
0
-10
return on equity
Conclusion
The above information, provided in this report, provides a detailed breakdown financial position
of the different company of the same sector .In this report , we take the information of the year
2015 and 2016 from the annual report of the selected company to analysis it financial condition
and using finance ratio analysis we try to understand and interpret the financial scenario of the
company and try compare the scenario with five selected company of the same sector .The
company that have been selected for this financial analysis report are OLYMPIC INDUSTRIES
LTD, PRAN ,FINE FOOD ,GOLDEN HARVEST & APEX FOOD LTD all this company
belongs to food sector .This information is of great value to potential investors to understand
how the company is performing, what assets and liabilities are connected to the company, how
the current performance period compares to past periods, and the company’s total worth. By
doing the times series analysis we get to know past present progress and down side of every
individual company in the year 2015-2016 .Where else benchmarking analysis the entire over
view of all this company together by comparison and which will help the inventor to select the
most profitable company among also help to identified their weakness and problems .Here
golden harvest and fine food are in terms of average collection period as they gave the highest
time to its inventor and also they have enough liquidity to cover short term security. All the
company have good asset turnover where else. Fine food is more in to debt financing. Here Fine
food has the negative return from the asset and also negative net profit with price earnings ratio
and Golden Harvest has the highest net profit margin. Fine food can be stated as loss product
here .where else Golden harvest and Pran Ltd are found good at managing cost of the good and
Olympic and Fine Food they have low return on equity .Also Apex food has lowest return on
37
equity .So it can be said Golden harvest has the most promising financial condition .At the end, it
can be said Golden Harvest should be first choice for investment also at the same time Olympic,
Pran Ltd &Apex can be consider too but as Fine Food has negative return on asset and net profit
margin it should not be consider for investment purpose .

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To be the most trusted and preferred brand to every household in Bangladesh.

OLYMPIC INDUSTRIES LIMITED

APEX FOOD LIMITED

FINE FOOD LIMITED

Inventory turnover ratio

Average Collection Period

Total Asset Turnover Ratio

Gross Profit Margin

50% 0.48 0.48

Net Profit Margin

Return on equity: Return on equity measures how effectively management is using a

Price Earnings Ratio

OLYMPIC INDUSTRIES LIMITED

AVERAGE COLLECTION PERIOD

TOTAL ASSET TURNOVER

NET PROFIT MARGIN

Return on equity: Return on equity measures how effectively management is using a

PRICE EARNING RATIO

APEX FOOD LIMITED

total asset turnover

gross profit margin

Return on asset: It is a ratio that measures a company's earnings before interest and

Return on equity: A rising ROE suggests that a company is increasing its ability to

Price earnings ratio

average collection period

net profit margin

here 2016 is series 1 and 2015 as series 2

here 2016 is series 1 and 2015 as series 2

here 2016 is series 1 and 2015 as series 2

here 2016 is series 1 and 2015 as series 2

here 2016 is series 1 and 2015 as series 2.

here 2016 is series 1 and 2015 as series 2.

here 2016 is series 1 and 2015 as series 2.

here 2016 is series 1 and 2015 as series 2.

Return on equity: Return on equity measures how effectively management is using a

here 2016 is series 1 and 2015 as series 2.

here 2016 is series 1 and 2015 as series 2.

Average collection period

Total asset turnover

Gross profit margin

Net profit margin

Return on total assets

Return on equity: A rising ROE suggests that a company is increasing its ability to generate

Price earnings ratio

AVERAGE COLLECTION PERIOD

TOTAL ASSET TURNOVER

PRICE EARNINGS RATIO

Price earnings ratio

Gross profit margin

olympic pran fine food ghail apex food

Net profit margin

olympic pran fine food ghail apex food

olympic pran fine food ghail apex food

olympic pran fine food ghail apex food

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