HTL Annual Reports (Auditors Opinion)

Year: 2016
Date: 30 june 2016

Opinion: Qualified opinion

Reason: Because it represents true and fair view of statements

Year: 2017
Date: 30 June 2017

Opinion: Qualified opinion

Reason: Because except from few mistakes significant for users.

Year: 2018
Date: 30 June 2017

Opinion: Unqualified opinion

Reason: Because it represents true and fair view of statements.

Year: 2019
Date: 30 June 2019

Opinion: Unqualified opinion

Reason: Because it represents true and fair view of statements.

 Year: 2020
Date: 30 June 2020

Opinion: Unqualified opinion

Reason: Because it represents true and fair view of statements.

Year: 2021
Date: 30 June 2021

Opinion: Unqualified opinion

Reason: Because it represents true and fair view of statements.

Hi - Tech lubricants Company Limited

Balance Sheet
Years 2022 2021 2020 2019 2018 2017 2016 2015
Assets          
Non- Current Assests          
Fixed asset 5,959,670,743 3,434,750,846 3,184,059,176 3,121,595,388 1,389,206,432 948,121,502 1,851,303,435 1,313,648,718
investment in subsidary
company         1,300,000,600 1,300,000,600    
intangible asset 21,760,517 17,378,375 7,866,531 8,510,507      
right of use asset 590,982,038 340,945,782 253,085,332        
investment property 130,000,000 93,750,000          
long term loans to
employees 783,329       280,132 1,049,136 3,235,345 2,597,648
long term securities
deposits 55,221,660 37,226,855 13,700,318 28,460,350 38,612,406 32,737,456 101,487,135 94,807,550
               
deffered income tax asset     17,050,536        
               
  6,758,418,287 3,924,051,858 3,475,761,893 3,158,566,245 2,728,099,570 2,281,908,694 1,956,025,915 1,411,053,916
Current Assets              
stores 88,306,846 63,346,582 70,578,853 24,186,433      
stock in trade 3,941,260,793 1,957,046,564 1,459,281,663 1,181,900,227 961,206,375 1,505,337,836 752,208,413 508,480,910
trade debts 109,026,521 103,118,348 76,104,012 1,189,383,247 236,936,937 179,385,219 151,144,449 237,843,235
loans and adances 261,017,419 143,019,434 174,362,842 53,856,012 146,456,105 663,618,225 96,268,274 109,932,775
short term deposits and
prepayments 35,074,806 35,624,780 41,259,119 61,026,609 27,933,788 14,611,449 16,877,313 16,894,121
other recieveables 441,316,465 141,381,054 34,309,077 32,546,523 17,340,333 79,647,997 508,913 44,334,256
advance income tax -net of
provision for taxation 157,841,148 188,435,988 235,446,961 217,275,722      
accrued intrest 570,582 390,462     15,334,604 351,106    
short term investments 226,804,412 446,043,245 723,285,160 882,468,837 917,353,557 1,081,129,245 1,458,562,799  
sales tax refundable           38,492,600 28,132,462
cash and bank balances 660,429,600 387,747,261 186,741,495 308,935,747 471,604,750 75,112,775 187,493,457 102,432,943
               
               
             
  5,921,648,592 3,466,153,718 3,001,369,182 3,951,579,357 2,794,166,449 3,599,193,852 2,701,556,218 1,048,050,702
 12,680,066,87
Total Assets 9 7,390,205,576 6,477,131,075 7,110,145,602 5,522,266,0195,881,102,546 4,657,582,133 2,459,104,618
Current Liabilities          
trade and other payables 2,732,417,755 1,728,466,552 1,108,298,946 688,493,701 4,026,209 803,559,308 590,701,630 695,293,525
accrued markup 57,121,494 14,963,365 31,928,575 81,921,213 18,217,096 9,517,227 15,297,891 4,755,676
short term borrowings 1,897,577,032 607,994,104 1,013,995,774 2,243,170,808 707,635,668 1,118,969,226 98,994,215 20,000,000
current portion of non-
current liabilities 222,398,052 182,391,032 90,607,376 77,436,745 61,093,852 43,488,959 232,798,149 123,577,120
unclaimed dividend 5,755,517 6,326,546 3,438,436 4,026,209 4,297,369 1,526,469    
taxation net         116,775,146 75,222,610 22,370,779 21,761,337
                 
  4,915,269,850 2,540,141,599 2,248,269,107 3,095,048,676 912,045,340 2,052,283,799 960,162,664 865,387,658
Working Capital 1,006,378,742 926,012,119 753,100,075 856,530,681 1,882,121,109 1,546,910,053 1,741,393,554 182,663,044
Total capital employed 7,764,797,029 4,850,063,977 4,228,861,968 4,015,096,926 4,610,220,679 3,828,818,747 3,697,419,469 1,593,716,960
           
Non-current Liabilities            
long term financing 516,628,587 147,357,607 48,791,918 1,822,078 14,894,163 13,495,415 215,356,033 158,442,399
liabilities against asset
subject finance lease       27,928,496 79,105,383 65,810,301 165,067,091 190,044,550
lease liabilties 485,619,223 315,089,191
184,195,982          
long term deposits 17,000,000 17,000,000500,000 1,000,000 1,500,000 2,000,000 2,000,000 3,000,000
deferred liabilities 491,141,485 34,180,663
6,107,347 87,695,308 12,068,590 3,207,194 12,584,791 21,442,561
                 
  1,510,389,295 513,627,461 239,595,247 118,445,882 107,568,136 84,512,910 395,007,915 372,929,510
Net capital employed 6,254,407,734 4,336,436,516 3,989,266,721 3,896,651,044 4,502,652,543 3,744,305,837 3,302,411,554 1,220,787,450
                 
Represented by:                
Share capital and reserves                
ordinary shares of rupees
10 each 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000
issued subscribed and and 1,392,048,000 1,160,040,000 1,160,040,000 1,160,040,000 1,160,040,000 1,160,040,000 1,160,040,000 870,030,000
paid up share capital
reserves 4,862,359,734 3,176,396,516 2,829,226,721 2,736,611,044 2,732,681,018 2,584,265,837 2,142,371,554 350,757,450
               
Contingencies and
commitments 7,754,407,734 5,836,436,516 5,489,266,721 5,396,651,044 5,392,721,018 5,244,305,837 4,802,411,554 2,720,787,450
14,180,066,87
Total Liabilities and Equity 9 8,890,205,576 7,977,131,075 8,610,145,602 6,412,334,494 7,381,102,546 6,157,582,133 3,959,104,618

Vertical Analysis
Years 2022 2021 2020 2019 2018 2017 2016 2015
Assets          
Non- Current Assests          
               
Fixed asset 47.00% 46.48% 49.16% 43.90% 25.16% 16.12% 39.75% 53.42%
investment in subsidary
company 0.00% 0.00% 0.00% 0.00% 23.54% 22.10% 0.00% 0.00%
intangible asset 0.17% 0.24% 0.12% 0.12% 0.00% 0.00% 0.00% 0.00%
right of use asset 4.66% 4.61% 3.91% 0.00% 0.00% 0.00% 0.00% 0.00%
investment property 1.03% 1.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
long term loans to
employees 0.01% 0.00% 0.00% 0.00% 0.01% 0.02% 0.07% 0.11%
long term securities
deposits 0.44% 0.50% 0.21% 0.40% 0.70% 0.56% 2.18% 3.86%
deffered income tax asset 0.00% 0.00% 0.26% 0.00% 0.00% 0.00% 0.00% 0.00%
Current Assets          
stores 0.70% 0.86% 1.09% 0.34% 0.00% 0.00% 0.00% 0.00%
stock in trade 31.08% 26.48% 22.53% 16.62% 17.41% 25.60% 16.15% 20.68%
trade debts 0.86% 1.40% 1.17% 16.73% 4.29% 3.05% 3.25% 9.67%
loans and adances 2.06% 1.94% 2.69% 0.76% 2.65% 11.28% 2.07% 4.47%
short term deposits and 0.28% 0.48% 0.64% 0.86% 0.51% 0.25% 0.36% 0.69%
prepayments
other recieveables 3.48% 1.91% 0.53% 0.46% 0.31% 1.35% 0.01% 1.80%
advance income tax -net of
provision for taxation 3.48% 1.91% 0.53% 0.46% 0.31% 1.35% 0.01% 1.80%
accrued intrest 1.24% 2.55% 3.64% 3.06% 0.00% 0.00% 0.00% 0.00%
short term investments 0.00% 0.01% 0.00% 0.00% 0.28% 0.01% 0.00% 0.00%
sales tax refundable 1.79% 6.04% 11.17% 12.41% 16.61% 18.38% 31.32% 0.00%
cash and bank balances 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.83% 1.14%
                 
                 
Current Liabilities          
trade and other payables 21.55% 23.39% 17.11% 9.68% 0.07% 13.66% 12.68% 28.27%
accrued markup 0.45% 0.20% 0.49% 1.15% 0.33% 0.16% 0.33% 0.19%
short term borrowings 14.97% 8.23% 15.66% 31.55% 12.81% 19.03% 2.13% 0.81%
current portion of non-
current liabilities 1.75% 2.47% 1.40% 1.09% 1.11% 0.74% 5.00% 5.03%
unclaimed dividend 0.05% 0.09% 0.05% 0.06% 0.08% 0.03% 0.00% 0.00%
taxation net 0.00% 0.00% 0.00% 0.00% 2.11% 1.28% 0.48% 0.88%
               
                 
Non-current Liabilities          
long term financing 4.07% 1.99% 0.75% 0.03% 0.27% 0.23% 4.62% 6.44%
liabilities against asset
subject finance lease 0.00% 0.00% 0.00% 0.39% 1.43% 1.12% 3.54% 7.73%
lease liabilties 3.83% 4.26% 2.84% 0.00% 0.00% 0.00% 0.00% 0.00%
long term deposits 0.13% 0.23% 0.01% 0.01% 0.03% 0.03% 0.04% 0.12%
deferred liabilities 3.87% 0.46% 0.09% 1.23% 0.22% 0.05% 0.27% 0.87%
               
               
                 
Share capital and reserves          
ordinary shares of rupees
10 each 11.83% 20.30% 23.16% 21.10% 27.16% 25.51% 32.21% 61.00%
issued subscribed and and
paid up share capital 10.98% 15.70% 17.91% 16.32% 21.01% 19.72% 24.91% 35.38%
reserves 38.35% 42.98% 43.68% 38.49% 49.48% 43.94% 46.00% 14.26%
Total Liabilities and Equity                

Horizontal Analysis
Years 2022 2021 2020 2019 2018 2017 2016 2015
Assets          
Non- Current Assests          
Fixed asset 100.00% 57.63% 53.43% 52.38% 23.31% 15.91% 31.06% 22.04%
investment in subsidary
company #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
intangible asset 100.00% 79.86% 36.15% 39.11% 0.00% 0.00% 0.00% 0.00%
right of use asset 100.00% 57.69% 42.82% 0.00% 0.00% 0.00% 0.00% 0.00%
investment property 100.00% 72.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
long term loans to
employees 100.00% 0.00% 0.00% 0.00% 35.76% 133.93% 413.03% 331.62%
long term securities
deposits 100.00% 67.41% 24.81% 51.54% 69.92% 59.28% 183.78% 171.69%
deffered income tax asset #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Current Assets #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
stores 100.00% 58.06% 51.43% 46.74% 40.37% 33.76% 28.94% 20.88%
stock in trade #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
trade debts 100.00% 71.73% 79.92% 27.39% 0.00% 0.00% 0.00% 0.00%
loans and adances 100.00% 49.66% 37.03% 29.99% 24.39% 38.19% 19.09% 12.90%
short term deposits and
prepayments 100.00% 94.58% 69.80% 1090.91% 217.32% 164.53% 138.63% 218.15%
other recieveables 100.00% 54.79% 66.80% 20.63% 56.11% 254.24% 36.88% 42.12%
advance income tax -net of
provision for taxation 100.00% 101.57% 117.63% 173.99% 79.64% 41.66% 48.12% 48.17%
accrued intrest 100.00% 32.04% 7.77% 7.37% 3.93% 18.05% 0.12% 10.05%
short term investments 100.00% 119.38% 149.17% 137.65% 0.00% 0.00% 0.00% 0.00%
sales tax refundable 100.00% 68.43% 0.00% 0.00% 2687.54% 61.53% 0.00% 0.00%
cash and bank balances 100.00% 196.66% 318.90% 389.09% 404.47% 476.68% 643.09% 0.00%
    #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100.00% 58.71% 28.28% 46.78% 71.41% 11.37% 28.39% 15.51%
Total Assets #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Current Liabilities #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
trade and other payables 100.00% 58.53% 50.68% 66.73% 47.19% 60.78% 45.62% 17.70%
accrued markup 100.00% 58.28% 51.08% 56.07% 43.55% 46.38% 36.73% 19.39%
short term borrowings #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
current portion of non-
current liabilities 100.00% 63.26% 40.56% 25.20% 0.15% 29.41% 21.62% 25.45%
unclaimed dividend 100.00% 26.20% 55.90% 143.42% 31.89% 16.66% 26.78% 8.33%
taxation net 100.00% 32.04% 53.44% 118.21% 37.29% 58.97% 5.22% 1.05%
  100.00% 82.01% 40.74% 34.82% 27.47% 19.55% 104.68% 55.57%
Non-current Liabilities 100.00% 109.92% 59.74% 69.95% 74.67% 26.52% 0.00% 0.00%
long term financing #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
liabilities against asset
subject finance lease #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
lease liabilties 100.00% 51.68% 45.74% 62.97% 18.56% 41.75% 19.53% 17.61%
long term deposits 100.00% 92.01% 74.83% 85.11% 187.02% 153.71% 173.04% 18.15%
deferred liabilities 100.00% 62.46% 54.46% 51.71% 59.37% 49.31% 47.62% 20.52%
  #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
  #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Share capital and reserves 100.00% 28.52% 9.44% 0.35% 2.88% 2.61% 41.68% 30.67%
ordinary shares of rupees #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
10 each
issued subscribed and and
paid up share capital 100.00% 64.88% 37.93% 0.00% 0.00% 0.00% 0.00% 0.00%
reserves 100.00% 100.00% 2.94% 5.88% 8.82% 11.76% 11.76% 17.65%
Total Liabilities and Equity 100.00% 6.96% 1.24% 17.86% 2.46% 0.65% 2.56% 4.37%
 

Income Statement
Years 2022 2021 2020 2019 2018 2017 2016 2015
gross revenue 20,962,350,807 15,600,490,187 8,141,926,516 12,593,547,639 10,910,427,446 8,627,289,953 8,465,560,565 6,556,723,263
discounts -750,430,803 -830,704,052 -270,429,986 -515,680,161 -368,818,182  
sales net  
- - - -
sale tax -2,467,951,364 -4,172,398,473 2,242,837,824 -2,646,705,003 -1,288,030,793 1,298,818,374 1,450,896,485 1,089,807,444
- - - - -
cost of sales 14,006,515,076 -8,329,595,460 4,213,549,915 -7,362,276,954 -7,325,251,809 5,397,910,882 4,969,010,662 4,129,151,808
Gross Profit 3,737,453,564 2,267,792,202 1,415,108,791 2,068,885,521 1,928,326,662 1,930,560,697 2,045,653,418 1,337,764,011
distribution cost -1,142,378,955 -861,385,257 -737,927,997 -846,161,758 -636,053,835 -472,316,882 -873,174,771 -625,951,502
administrative expenses -692,612,432 -547,749,403 -436,555,999 -497,432,186 -378,578,016 -360,692,907 -290,643,245 -194,656,444
other expenses -538,247,003 -70,521,255 -60,453,117 -192,356,087 -63,070,455 -37,981,691 -43,437,010 -47,229,288
other income 141,898,783 139,874,169 131,194,064 81,540,776 108,462,518 96,177,950 46,625,824 52,858,866
 
 
- -
  -2,231,339,607 -1,339,781,746 1,103,743,049 -1,454,409,255 -969,239,788 -774,813,530 1,160,629,202 -814,978,368
Operating profit 1,506,113,957 928,010,456 311,365,742 614,476,266 959,086,874 1,155,747,167 885,024,216 522,785,643
finance cost -288,242,707 -114,660,654 -235,639,942 -313,959,399 -82,540,731 -77,089,573 -17,960,154 -24,803,453
           
Profit before taxation 1,217,871,250 813,349,802 75,725,800 300,516,867 876,546,143 1,078,657,594 867,064,062 497,982,190
Taxation -600,425,532 -129,768,407 45,890,877 -259,447,192 -322,116,962 -334,677,749 -348,942,104 -176,068,972
           
Profit after taxation 617,445,718 683,581,395 121,616,677 41,069,675 554,429,181 743,979,845 518,121,958 321,913,218
                 
Earnings per share - basic
and diluted (Rupees) 4.44 5.62 1.05 0.35 4.78 6.41 5.31 4.17

Vertical Analysis
Years 2022 2021 2020 2019 2018 2017 2016 2015
gross revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
discounts -3.58% -5.32% -3.32% -4.09% -3.38% 0.00% 0.00% 0.00%
sale tax -11.77% -26.75% -27.55% -21.02% -11.81% -15.05% -17.14% -16.62%
net revenue/ sales-net 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
cost of sales -66.82% -53.39% -51.75% -58.46% -67.14% -62.57% -58.70% -62.98%
               
               
Gross Profit 17.83% 14.54% 17.38% 16.43% 17.67% 22.38% 24.16% 20.40%
distribution cost -5.45% -5.52% -9.06% -6.72% -5.83% -5.47% -10.31% -9.55%
administrative expenses -3.30% -3.51% -5.36% -3.95% -3.47% -4.18% -3.43% -2.97%
other expenses -2.57% -0.45% -0.74% -1.53% -0.58% -0.44% -0.51% -0.72%
other income 0.68% 0.90% 1.61% 0.65% 0.99% 1.11% 0.55% 0.81%
               
               
Operating profit 7.18% 5.95% 3.82% 4.88% 8.79% 13.40% 10.45% 7.97%
finance cost -1.38% -0.73% -2.89% -2.49% -0.76% -0.89% -0.21% -0.38%
           
Profit before taxation 5.81% 5.21% 0.93% 2.39% 8.03% 12.50% 10.24% 7.59%
Taxation -2.86% -0.83% 0.56% -2.06% -2.95% -3.88% -4.12% -2.69%
           
Profit after taxation 2.95% 4.38% 1.49% 0.33% 5.08% 8.62% 6.12% 4.91%
 Horizontal Analysis
Years 2022 2021 2020 2019 2018 2017 2016 2015
gross revenue 100.00% 74.42% 38.84% 60.08% 52.05% 41.16% 40.38% 31.28%
discounts 100.00% 110.70% 36.04% 68.72% 49.15% 0.00% 0.00% 0.00%
sale tax #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
net revenue/ sales-net 100.00% 169.06% 90.88% 107.24% 52.19% 52.63% 58.79% 44.16%
cost of sales 100.00% 59.47% 30.08% 52.56% 52.30% 38.54% 35.48% 29.48%
gross sales 100.00% 60.68% 37.86% 55.36% 51.59% 51.65% 54.73% 35.79%
net sales 100.00% 75.40% 64.60% 74.07% 55.68% 41.35% 76.43% 54.79%
Gross Profit 100.00% 79.08% 63.03% 71.82% 54.66% 52.08% 41.96% 28.10%
distribution cost 100.00% 13.10% 11.23% 35.74% 11.72% 7.06% 8.07% 8.77%
administrative expenses 100.00% 98.57% 92.46% 57.46% 76.44% 67.78% 32.86% 37.25%
other expenses #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
other income #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100.00% 60.04% 49.47% 65.18% 43.44% 34.72% 52.01% 36.52%
100.00% 61.62% 20.67% 40.80% 63.68% 76.74% 58.76% 34.71%
Operating profit 100.00% 39.78% 81.75% 108.92% 28.64% 26.74% 6.23% 8.61%
finance cost #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
  100.00% 66.78% 6.22% 24.68% 71.97% 88.57% 71.20% 40.89%
Profit before taxation 100.00% 21.61% -7.64% 43.21% 53.65% 55.74% 58.12% 29.32%
Taxation #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
  100.00% 110.71% 19.70% 6.65% 89.79% 120.49% 83.91% 52.14%
Profit after taxation #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Years 2,022 2,021 2,020 2,019 2,018 2,017 2,016 2,015
Current Ratio 1.20474537 1.364551378 1.334968831 1.276742233 3.063626693 1.753750555 2.813644312 1.211076553
workingcapital 1,006,378,742 926,012,119 753,100,075 856,530,681 1,882,121,109 1,546,910,053 1,741,393,554 182,663,044
quick ratio 1.186779551 1.339613169 1.303576302 1.268927676 3.063626693 1.753750555 2.813644312 1.211076553
cash ratio 0.95838419 0.963691226 0.76597911 0.865969974 1.830773086 0.857501205 1.136105745 0.98078252
debt ratio 1.118295906 1.20297135 1.231584012 1.210966144 1.161178124 1.255054216 1.322055512 1.609978115
Debt to equity ratio 0.129607862 0.190927815 0.178085755 0.213327523 0.408249678 0.404017572 0.470975384 0.114614482
Gross profit Margin 0.178293627 0.145366727 0.173805154 0.164281391 0.176741624 0.223773712 0.241644177 0.204029354
net profit margin 0.029454984 0.043817943 0.014937089 0.003261168 0.050816449 0.086235637 0.061203503 0.049096661
asset turnover ratio 1.653173521 2.110968366 1.257026671 1.771208122 1.975715659 1.466951118 1.817586963 2.666305132
return on asset 0.118778077 0.125573023 0.048071552 0.086422459 0.173676326 0.196518792 0.190017952 0.212591867
financial leverage 1.635207654 1.266218789 1.179962899 1.31751072 1.024022196 1.121426311 0.969842355 0.903820921
ROE 8% 12% 2% 1% 10% 14% 11% 12%
                 
   
   
DuPont analysis 0.079625129 0.117123076 0.022155359 0.007610215 0.102810655 0.141864313 0.107887871 0.118316195