* Profitibility analysis

Profit margin for ROA = Adjusted Net Income / Sales =

sales
Asset turnover =
average total asset

Adjusted NI
ROA =
average total asset

NI
Profit margin for ROCE=
Sales

average total assets

Capital structure leverage =
average Equity

NI
ROCE=
Average Equity

CoGS
COGS / Sales=
Sales

Selling & administration expense

S&A expense/ Sales
Sales

Interest Revenue
Interest revenue/ Sales=
Sales

Interest tax expense + Interest expense

Interest tax expense/Sales=
(excluding tax effect of Interest expense) Sales

Sales
Account Receivable turnover=
average Account Receivable
 COGS
Inventory turnover =
Average inventory

Sales
Fixed asset turnover
average fixed asset

* Short term liquidity

Current assets
Current ratio =
Current liablilities

Cash + Cash Equivalents+ S-T Investment + AR

Quick ratio=
Current Liabilities

CF from operations
Operating Cash flow to Current Liability ratio=
Average Current Liabilities

365 * Average AR
Days Accounts Receivable outstanding (DSO)=
Sales

365 * Average Inventories

Days in inventory (DOH) =
COGS

Purchases = COGS + ending Inventory - beginning Inventory=

365 * Average AP
Days Accounts Payable=
Purchases

Net days of Working capital financial needed= DSO +DOH - Days payable =

* Long - term Solvency risk

Total Liabilities
Liabilities to asset ratio =
Total Assets
 Total Liabilities
Liabilities to Shareholder 's Equity ratio =
Total Shareholder 's Equity

L - T Debt
Long - term Debt to L- T capital ratio =
L- T Debt + Total Equity

L - T Debt
L- T Debt to Shareholder 's Equity ratio =
Total Shareholder 's Equity

CF from Operations
Operating CF to total Liabilities =
Average Total Liabilities

Net Income + Interest Expense + Income tax expense

Interest Coverage =
Interest Expense
 2020

22,294,755,598
2.36%
946,476,171,179

946,476,171,179
= 65.0%
1,455,846,355,495

22,294,755,598
= 1.53% 1.00
1,455,846,355,495

18,263,877,529
= 1.93%
946,476,171,179

1,455,846,355,495
= 1.54
947,826,798,613

18,263,877,529
= 1.93% 1.00
947,826,798,613

707,940,870,334
= 74.8%
946,476,171,179

238,690,842,309
= 25.2%
946,476,171,179

20,237,355,181
= 2.14%
946,476,171,179

4,816,999,175
= 0.51%
946,476,171,179

946,476,171,179
= 2.68
352,590,825,533
 707,940,870,334
= 1.95
363,950,004,513

946,476,171,179
= 3.78
250,093,445,196

930,825,451,040
= 2.15
432,760,728,727

stment + AR 492,070,100,733
= 1.14
432,760,728,727

48,918,339,481
= 0.11
446,030,190,939

128,695,651,319,545
= 136 days
946,476,171,179

132,841,751,647,245
188 days
707,940,870,334

= 591,521,125,008.00

41,218,728,017,590
= 70 days
591,521,125,008

= 254 days

486,461,094,671
= 34.5%
1,409,648,867,654
 486,461,094,671
= 0.53
923,187,772,983

49,734,000,000
= 5.11%
972,921,772,983

49,734,000,000
= 5.39%
923,187,772,983

48,918,339,481
= 9.63%
508,019,556,883

ncome tax expense 27,111,754,773

= 5.78
4,687,067,522
 2016

205,092,335,492
19.75%
1,038,664,591,946 2020 --> giảm trừ 30% thuế
TNDN
1,038,664,591,946
66.9%
1,551,771,711,901

205,092,335,492 Sales dùng NET REVENUE

13.22% 1.00
1,551,771,711,901

204,102,511,148
19.7%
1,038,664,591,946

1,551,771,711,901
1.38
1,121,403,958,346

204,102,511,148
18.2% 1
1,121,403,958,346

759,600,622,507
73.1%
1,038,664,591,946

168,785,792,920
S& A expense = CP bán hàng + CP quản lý
16.3% doanh nghiêpj
1,038,664,591,946

144,328,986,402
13.90%
1,038,664,591,946

50,603,181,796
4.9% Income tax expense = Income tax payable
1,038,664,591,946 + DTL - DTA

1,038,664,591,946
2.94
353,057,176,522
 759,600,622,507
2.79
272,683,896,428

1,038,664,591,946
6.48
160,370,236,470

1,254,672,991,439
2.91
430,932,459,341

925,230,308,017
2.15 Kết quả lệch
430,932,459,341

237,127,834,784
0.61
391,683,479,733

128,865,869,430,530
124 days
1,038,664,591,946

99,529,622,196,220
131 days
759,600,622,507

785,009,571,763

25,496,516,076,230
32 days
785,009,571,763

223 days

434,970,825,285
27.4%
1,589,377,165,418
 434,970,825,285
0.38
1,154,406,340,133

72,000,000
0.01%
1,154,478,340,133 Long term debt : vay và nợ thuê tài chính
dài hạn
72,000,000
0.01%
1,154,406,340,133

237,127,834,784
55.1%
430,367,753,555

255,695,517,288
206.66 ( NI + Interest expense +
1,237,280,430 (income tax pâyble + DTL - DTL)
y và nợ thuê tài chính
hạn
DIEN QUANG LAMP JOINT STOCK COMPANY

Consolidated statement of financial position 2015

A. CURRENT ASSETS 1,192,149,764,183
Cash and cash equivalents 287,796,874,068
Short-term financial investment 144,834,103,300
Account receivable from customers 431,557,547,715
Prepayments to suppliers 40,029,733,080
Short-term loans receivable 14,540,000,000
Other short-term receivables 7,110,723,319
Allowance for doubtful debts (4,237,763,552)
Inventories 259,979,421,800
Other current assets 10,539,124,453
B. LONG-TERM ASSETS
Account receivable - long-term
Fixed assets 155,452,031,164
Investment property
Long-term work in progess
Long-term financial investments
Other non-current assets
Long-term prepaid expenses
Deffered tax assets
Goodwill
TOTAL ASSETS 1,514,166,258,384

C. LIABILITIES
Current liabilities
Short-term accounts payable to suppliers 71,484,902,533
Short-term advances from customers
Taxes payable to State Treasury
Payables to employess
Short-term accrued expenses
Short-term unearned revenue
Other short-term payables
Short-term borrowings
Provision - short-term
Bonus and welfare fund
Long-term liabilities
Long-term advances from customers
Long-term unearned revenue
Long-term borrowings
D. EQUITY 1,088,401,576,559
Owners' equity
Share capital
Share premium
Treasury shares
Foreign exchange differences
Investment and development fund
Retained profits
Non-controllong interest
Funding
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

Consolidated statement of income

Revenue from sales of goods and provision of services

Revenue deductions
Net revenue
Cost of goods sold
Gross profit
Financial income
Financial expense
In which: Interest expense
Share of profit in associates
Selling expenses
General and administration expenses
Net operating porfit
Other income
Other expense
Results of other activities
Profit before tax
Income tax expense - current
Income tax benefit - deferred
Net profit after tax
Basic earnings per share
 2016 2017 2018
1,254,672,991,439 1,330,753,311,421 1,502,677,950,565
322,533,297,938 281,093,465,505 165,710,855,199
328,140,204,750 316,421,255,837 284,148,953,279
274,556,805,329 354,196,204,186 505,698,320,393
31,694,390,323 53,749,077,830 133,242,300,016
- -
6,409,948,514 6,413,921,548 14,060,871,732
(3,229,556,790) (3,229,556,790) (3,515,718,276)
285,388,371,056 309,189,621,257 361,981,654,065
9,179,530,319 12,929,322,048 41,350,714,157
334,704,173,979 280,613,127,961
86,412,499,985 24,902,963,985
165,288,441,776 155,212,731,642
- -
825,654,574 13,465,068,391
73,391,656,539 85,702,926,390
1,395,921,105 1,329,437,553
135,449,427 68,965,873
1,260,471,678 1,260,471,678
- -
1,589,377,165,418 1,611,366,439,382 1,865,016,049,135

434,970,825,285 472,270,170,127
430,932,459,341 465,618,833,103
68,222,034,871 79,974,593,730
87,292,272,904 29,844,728,509
12,238,865,147 1,809,332,051
23,205,166,030 22,720,777,325
34,314,832,067 36,794,208,212
33,692,870,868 16,456,065,195
12,863,083,837 17,186,178,489
48,288,069,934 131,106,596,717
39,212,298,601 39,211,814,161
71,602,965,082 90,514,538,714
4,038,365,944 6,651,337,024
2,243,858,671 2,243,858,671
1,722,507,273 1,722,507,273
72,000,000 2,684,971,080
1,154,406,340,133 1,139,096,269,255
1,149,432,934,576 1,134,007,738,789
 343,594,160,000 343,594,160,000
344,394,675,475 344,394,675,475
(40,860,660,046) (65,785,600,046)
251,886,320 -
305,769,631,715 361,058,112,063
191,579,867,464 145,299,102,179
4,703,373,648 5,477,289,188
4,973,405,557 5,088,530,466
1,589,377,165,418 1,611,366,439,382

2016 2017

1,038,664,591,946 1,059,003,865,611
3,597,480,027 2,540,894,972
1,035,067,111,919 1,056,462,970,639
759,600,622,507 804,249,516,852
275,466,489,412 252,213,453,787
144,328,986,402 55,991,795,369
1,725,961,865 867,606,671
1,237,280,430 969,301,474
4,378,000,298 4,380,909,617
99,272,539,306 112,844,039,404
69,513,253,614 63,653,558,344
253,661,721,327 135,220,954,354
1,026,532,169 354,305,423
230,016,638 255,034,167
796,515,531 99,271,256
254,458,236,858 135,320,225,610
50,673,001,372 25,024,970,445
(317,275,662) -
204,102,511,148 110,295,255,165
5,731 3,143
 2019 2020 2016
1,145,858,974,306 930,825,451,040 78.9%
150,435,862,161 112,888,328,229 20.3%
67,929,815,184 23,103,348,662 20.6%
349,103,227,224 356,078,423,842 17.3%
72,573,203,068 64,953,701,456 2.0%
1.0%
48,355,968,462 21,346,160,120 0.4%
(3,103,725,167) (1,549,119,910) -0.2%
422,159,877,176 305,740,131,850 18.0%
38,404,746,198 48,264,476,791 0.6%

1,502,043,843,336.00 1,409,648,867,654.00 100.0%

Common size Percentage change
2017 2018 2019 2020 2016 2017 2018 2019
82.6% 80.6% 76.3% 66.0%
17.4% 8.9% 10.0% 8.0% -10.77% 14.74% 69.63% 10.15%
19.6% 15.2% 4.5% 1.6% -56% 3.70% 11.36% 318.30%
22.0% 27.1% 23.2% 25.3% 57% -22.48% -29.96% 44.86%
3.3% 7.1% 4.8% 4.6% 26% -41.03% -59.66% 83.60%
-
0.4% 0.8% 3.2% 1.5% 11% -0.06% -54.38% -70.92%
-0.2% -0.2% -0.2% -0.1% 31% 0.00% -8.14% 13.27%
19.2% 19.4% 28.1% 21.7% -9% -7.70% -14.58% -14.25%
0.8% 2.2% 2.6% 3.4% 15% -29.00% -68.73% 7.67%

100.0% 100.0% 100.0% 100.0%

 2020

33.26%
194.03%
-1.96%
11.73%

126.53%
100.35%
38.08%
-20.43%
DIEN QUANG LAMP JOINT STOCK COMPANY
2016 (tú) 2016 (Trang)
Profitability analysis
Profit margin for ROA 24.59% 19.75%
Assets turnover 0.67 0.67
ROA 16.46% 13.22%
Profit margin for ROCE 24.50% 19.65%
Capital structure leverage 1.38 1.38
ROCE 22.69% 18.20%
Cost of goods sold/sales 73.13% 73.13%
S&A expense/sales 16.25% 16.25%
Interest revenue/sales 13.90% 13.90%
Income tax expense/Sales 4.90% 4.87%
Account receivable turnover 2.94 2.94
Inventory turnover 2.79 2.79
Fixed asset turnover 6.48 6.48

Short-term liquidity risk

Current ratio 2.91 2.91
Quick ratio 2.15 2.15
Operating cash flow to current liabilities ratio 0.61
Days account receivable outstanding 124 124
Days inventory held 131 131
Days account payable outstanding 130 32

Long-term solvency risk

Liabilities to asset ratio 0.27 0.27
Liabilities to shareholders' equity ratio 0.38 0.38
Long-term debt to Long-term capital ratio 0.006% 0.006%
Long-term debt to shareholders' equity ratio 0.01%
Operating cash flows to total liabilities's ratio 0.55
Interest coverage ratio 205.66 206.66
2020 (trang)

2.36%
0.65
1.53%
1.93%
1.54
1.93%
74.80%
25.22%
2.14%
0.51%
2.68
1.95
3.78

2.15
1.14
0.11
136
188
70

0.35
0.53
5.11%
5.39%
0.10
5.78