FINANCIAL STATEMENT

ANALYSIS

DUTCH
LADY
Presented by Group 13
QUICK OVERVIEW

• Introduction
DISCUSSION
• Liquidity POINTS
• Assets Management
• Debt Management
• Profitability
• Market Value
INTRODUCTION

Generations in Malaysia have grown up with

Dutch Lady. Dutch Lady Milk Industries Berhad,
the “Goodness For Life” is a manufacturer
of cow milk and dairy
products in Malaysia since the 1960s.
LIQUIDITY

2018 2019
CURRENT RATIO

279,549,000 314,460,000
292,804,000 292,043,000

=0.95 =1.08

Current Ratio = Current Assets

Current Liabilities
 2018 2019
ACID TEST RATIO

279,549,000-131,050,000 314,460,000-135,024,000
292,804,000 292,043,000

=0.51 =0.61

Acis Test Ratio = Current Assets - Inventories

Current Liabilities
 DEBT
MANAGEMENT

2018 2019

DEBT RATIO
299,343,000    x 100% 299,177,000    x 100
404,802,000 443,594,000

=73.95 % =67.44 %

Debt Ratio = Total Debts x 100

Total Assets
 2018 2019
TIMES INTEREST
EARNED RATIO
141,240,000 174,723,000
 3,640,000 3,431,000

=38.80times =50.92times

Times Interest = EBIT

Earned Ratio Interest Expenses
 ASSETS
MANAGEMENT

INVENTORY TURNOVER 2018 2019

RATIO

632,317,000  661,942,000
131,050,000 135,024,000

=4.83times =4.90times

Inventory Turnover = COGS

Ratio Inventories
 RECEIVABLES 2018 2019
TURNOVER RATIO

1,048,568,000 1,066,662,000 
99,974,000 100,237,000

=10.49times =10.64times

Receivables Turnover = Sales

Ratio Accounts Receivbales
 TOTAL ASSETS 2018 2019
TURNOVER RATIO

1,048,568,000 1,066,662,000 
279,549,000 443,594,000

=2.59times =2.40times
Total Assets = Sales
Turnover Ratio Total Assets
 AVERAGE COLLECTION 2018 2019
PERIOD

99,974,000   100237000
 (1,048,568,000/360) (1066662000/360)

=34.32times =33.83times

Average Collection = Accounts Receivable

Period Sales / 360
PROFITABILITY

2018 2019
NET PROFIT MARGIN

129,449,000  x 100% 102,958,000  x 100%

1,048,568,000 1,066,662,000

=12.35% =9.65%

Net Profit = Net Income x 100

Margin Sales 
 OPERATING PROFIT 2018 2019
MARGIN

129,449,000  x 100% 102,958,000  x 100%

1,048,568,000 1,066,662,000

=12.35% =9.65%

Operating Profit = Operating Profit x 100

Margin Sales 
 2018 2019
GROSS PROFIT MARGIN

416,251,000  x 100% 404,720,000  x 100%

1,048,568,000 1,066,662,000

=39.70% =37.94%

Gross Profit = Operating Profit x 100

Margin Sales 
 RETURN ON ASSETS 2018 2019

129,449,000 x100%    102,958,000 x 100%

404,802,000 443,594,000

=31.98% =23.21%

Return On = Net Income x 100

Equity Total Assets
 RETURN ON EQUITY 2018 2019

129,449,000 x100%    102,958,000 x 100%

105,459,000 144,417,000

=122.75% =71.29%

Return On = Net Income x 100

Equity Total Equity
 • https://www.dutchlady.com.my/wp-
content/uploads/2020/06/DL-
AR19_WEBSITE.pdf

REFERENCES
• https://www.dutchlady.com.my/our-
company/about-us/who-we-are/