LIQUIDITY RATIOS

Working Capital Current Assets a

Current Liabilities b
Working Capital

Current Ratio Current Assets a

Current Liabilities b
Current Ratio

Acid Test Ratio Cash

(Quick Ratio) Accounts Receivable
Distribution Receivable from Equity -Accounted Invested
Derivative Financial Instruments
Quick Current Assets a
Current Liabilities b
Acid Test Ratio

Collection Period Net Credit Sales (AR less Bad Dedts) a

(for Accounting Receivable) Average Accoounts Receivable
(Opening balance + closing balance/2) b
Average Collection Period (b/a X 365)

Accounts Recievable Turnover Net Credit Sales (AR less Bad Dedts) a
Average Accoounts Receivable
(Opening balance + closing balance/2) b
Accounts Receivable Turnover (a/b)

Days Sales Inventory Cost of Goods Sold a

Average Inventory
(Opening Balance + Closing Balance /2) b
Cost of Goods Sold
Number of days sales inventory
( b/a X 365 days)

Inventory Turnover Cost of Goods Sold a

Average Inventory
(Opening Balance + Closing Balance /2) b
Iventory Turnover (a /b)
Operating Cycle Average number of days
of sales of inventory
Average number of days
to collect receivables
 (Expressed in Thousands in Canadian Dollars)
2024 2023 2022 2021 2020

1,309,093 1,156,947 717,367 1,100,362 764,497

677,846 1,162,874 911,891 1,321,165 1,092,484
631,247 -5,927 -194,524 -220,803 -327,987

1,309,093 1,156,947 717,367 1,100,362 764,497

677,846 1,162,874 911,891 1,321,165 1,092,484
1.931254297 0.994903145 0.78668064 0.832872503 0.699779
1.93:1 1.0:1 0.8:1 0.8:1 0.7:1

313,915 101,261 71,058 439,144 90,464

32,474 56,290 26,260 20,546 34,965
26,906
5,318
378,613 157,551 97,318 459,690 125,429
677,846 1,162,874 911,891 1,321,165 1,092,484
0.558553123 0.135484154 0.10672109 0.347942914 0.114811
0.56:1 0.13:1 0.11:1 0.35:1 0.11:1

32,474 56,290 26,260 20,546

44,382 41,275 23,403 27,755.50

498.84 days 267.64 days 325.29 days 493.08 days

32,474 56,290 26,260 20,546

44,382 41,275 23,403 27,755.50

0.73 times 1.36 times 1.12 times 0.75 times

2,281,794

774,049.50 610,791 627,072.50

104.57 days 97.70 days 100.31 days

2,701,788 2,281,794 2,281,794

774,049.50 610,791 627,072.50

3.49 times 3.74 times 3.64 times
104.57 days 97.70 days 100.31 days

267.64 days 325.29 days 493.08 days

372.21 days 422.99 days 593.39 days
Trends

this ratio is like current ratio but excludes current assets such as INVENTORIES & PREPAID EXP

*2020 is excluded since beginning sya sa Year To Date

a/b
ENTORIES & PREPAID EXPENSES
PROFITABILITY RATIOS
(Expressed in Thousand
2024 2023

Gross Margin Gross Profit a 2,198,206

Net Sales b 5,052,741
Gross Profit Ratio (a/b) 43.50%
0.44:1

Operating Margin

Net Profit Margin Net Income / Earnings a 801,863

Net Sales b 5,052,741
Net Profit Ratio (a/b) 15.87%
0.16 : 1

Asset Turnover Net Sales a 5,052,741

(Sales to Total Assets) Average Total Assets b 4,441,609
Sales to total assets ratio (a/b) 1.137592
1.14:1

Return on (total) Assets Income from operations

"ROA" Average total assets
(Expressed in Thousands in Canadian Dollars)
2022 2021 2020 Trends

1,902,225 1,765,011 1,652,358

4,330,761 4,026,259 3,787,291 * assume that Sales is in net amount
43.92% 43.84% 43.63%
0.44:1 0.44:1 0.44:1

no data from the F/S

663,169 564,348 564,039

4,330,761 4,026,259 3,787,291
15.13% 14.02% 15%
0.15:1 0.14:1 0.15:1

4,330,761 4,026,259
4,143,654 3,970,101
1.045155 1.014145
1.05:1 1.01:1

no data from the F/S

that Sales is in net amount
LEVERAGE AND SOLVENCY RATIOS
(Expressed in Thousands in C
2023 2022

Debt to Total Assets Ratios Total Liabilities a 4,791,246 4,129,596

Total Assets b 4,819,656 4,063,562
Debt Ratio (a/b) 99.41% 1.01625
1.0:1 1.02:1

Equity to Total Assets Ratio Total Equity a 28,410 -66,034

Total Assets b 4,819,656 4,063,562
Equity Ratio (a/b) 0.005895 -0.01625
0.005895:1

Debt to Equity Ratio Total Liabilities a 4,791,246 4,129,596

Total Equity b 28,410 -66,034
Debt To Equity Ratio (a/b) 168.6465 -62.53742
168.65:1

Times Interest Earned Income from Operations

sed in Thousands in Canadian Dollars)
2021 2020 Trends

3,888,892 3,808,652
4,223,746 3,716,456
92.07% 1.024808
0.92:1 1.02:1

334,854 -92,196
4,223,746 3,716,456
0.079279 -0.024808
0.079279:1

3,888,892 3,808,652
334,854 -92,196
11.61369 -41.31038
11.61:1

no data from F/S

LIQUIDITY RATIOS

Working Capital Current Assets a

Current Liabilities b
Working Capital

Current Ratio Current Assets a

Current Liabilities b
Current Ratio

Acid Test Ratio Cash

(Quick Ratio) Accounts Receivable
Distribution Receivable from Equity -Accounted Invested
Derivative Financial Instruments
Quick Current Assets a
Current Liabilities b
Acid Test Ratio

Collection Period Net Credit Sales (AR less Bad Dedts) a

(for Accounting Receivable) Average Accoounts Receivable
(Opening balance + closing balance/2) b
Average Collection Period (b/a X 365)

Accounts Recievable Turnover Net Credit Sales (AR less Bad Dedts) a
Average Accoounts Receivable
(Opening balance + closing balance/2) b
Accounts Receivable Turnover (a/b)

Days Sales Inventory Cost of Goods Sold a

Average Inventory
(Opening Balance + Closing Balance /2) b
Cost of Goods Sold
Number of days sales inventory
( b/a X 365 days)

Inventory Turnover Cost of Goods Sold a

Average Inventory
(Opening Balance + Closing Balance /2) b
Iventory Turnover (a /b)
Operating Cycle Average number of days
of sales of inventory
Average number of days
to collect receivables
 (Expressed in Thousand
1985 1984

2,200 1,865
1,618 1,265
582 600

2,200 1,865
1,618 1,265
1.359703337 1.4743083
1.35:1 1.47:1

60 30
1,115 925

1,175 955
1,618 1,265
0.726205192 0.754940711
0.72:1 0.75:1

32,474 56,290

44,382 41,275
498.84 days 267.64 days

1,115 925

1,020 850
1.09 times 1.09 times

774,049.50

104.57 days

2,701,788

774,049.50
3.49 times
104.57 days

267.64 days
372.21 days
PROFITABILITY RATIOS
(Expressed in Thousands in Canadian Dolla
1985

Gross Margin Gross Profit a 942

Net Sales b 4,310
Gross Profit Ratio (a/b) 21.86%
0.21:1

Operating Margin

Net Profit Margin Net Income / Earnings a -103

Net Sales b 4,310
Net Profit Ratio (a/b) -2.39%
0.16 : 1

Asset Turnover Net Sales a 4,310

(Sales to Total Assets) Average Total Assets b 3,165
Sales to total assets ratio (a/b) 1.361769
1.36:1

Return on (total) Assets Income from operations

"ROA" Average total assets
ousands in Canadian Dollars)
1984

789
3,950
19.97%
0.19:1

-205
3,950
-5.19%
0.15:1

3,950
2,920
1.35274
1.35:1
LEVERAGE AND SOLVENCY RATIOS
(Expressed in Thousands in Canadian Dolla
1985 1984

Debt to Total Assets Ratios Total Liabilities a 2,668 2,290

Total Assets b 3,345 2,985
Debt Ratio (a/b) 0.80% 0.767169
1.0:1 1.02:1

Equity to Total Assets Ratio Total Equity a 677 695

Total Assets b 3,345 2,985
Equity Ratio (a/b) 0.202392 0.232831

Debt to Equity Ratio Total Liabilities a 2,668 2,290

Total Equity b 677 695
Debt To Equity Ratio (a/b) 3.940916 3.294964

Times Interest Earned Income from Operations

nds in Canadian Dollars)