PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales Return on Equity= Profit/Shareholder's Equity
PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales Return on Equity= Profit/Shareholder's Equity
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1Q: Define each of the following terms:
Liquidity ratios: current ratio; quick, or acid test,...
Related questions
Question
DIRECTION: Compute the following
PROFITABILITY RATIOS
- Gross Margin= Gross Profit/Net Sales
- Net Profit Margin= Net Profit/ Net Sales
- Return on Equity= Profit/Shareholder's Equity
- Return on Asset= Profit/Total Asset
TREND ANALYSIS
- Net Income Growth Rate
- Total Assets Growth Rate
And also compute the percentage beside the columns
December 31, | December 31, | PERCENTAGE | |
2021 | 2020 | ||
USD | USD | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 34,115,412 | 25,681,845 | |
Short-term financial instruments | 71,417,748 | 80,798,680 | |
Short-term financial assets at amortized cost | 2,944,705 | 2,409,853 | |
Short-term financial assets at fair value through profit or loss | 35,624 | 62,452 | |
Trade receivables | 35,585,565 | 27,065,012 | |
Non-trade receivables | 3,930,828 | 3,150,548 | |
Prepaid expenses | 2,042,001 | 1,980,685 | |
Inventories | 36,172,043 | 28,007,314 | |
Other current assets | 4,441,629 | 3,281,589 | |
Assets held-for-sale | - | 812,370 | |
Total Current Assets | 190,685,555 | 173,250,348 | |
Non-current assets | |||
Financial assets at fair value | |||
through other comprehensive income | 12,206,843 | 10,991,369 | |
Financial assets at fair value | |||
through profit or loss | 1,333,227 | 1,051,455 | |
Investment in associates and joint ventures | 7,807,235 | 7,059,510 | |
Property, plant and equipment | 131,045,055 | 112,711,289 | |
Intangible assets | 17,687,491 | 16,142,396 | |
Net defined benefit assets | 2,455,722 | 1,184,777 | |
3,724,515 | 3,736,564 | ||
Other non-current assets | 5,942,625 | 4,469,261 | |
Total Non Current Assets | 182,202,713 | 157,346,621 | |
Total assets | 372,888,268 | 330,596,969 | |
December 31, | December 31, | ||
2021 | 2020 | ||
USD | USD | ||
Liabilities and Equity | |||
Current liabilities | |||
Trade payables | 11,758,903 | 8,512,568 | |
Short-term borrowings | 11,963,817 | 14,468,526 | |
Other payables | 13,621,954 | 10,400,341 | |
Advances received | 1,070,547 | 1,001,157 | |
Withholdings | 1,131,066 | 851,780 | |
Accrued expenses | 24,410,498 | 21,265,935 | |
Current income tax liabilities | 5,899,094 | 3,872,280 | |
Current portion of long-term liabilities | 1,162,459 | 625,906 | |
Provisions | 4,696,159 | 3,801,736 | |
Other current liabilities | 1,304,292 | 985,685 | |
Liabilities held-for-sale | - | 296,077 | |
Total Current Liabilities | 77,018,789 | 66,081,991 | |
Non Current Liabilities | |||
Debentures | 444,220 | 828,719 | |
Long-term borrowings | 2,505,164 | 1,747,852 | |
Long-term other payables | 2,614,668 | 1,470,948 | |
Net defined benefit liabilities | 407,206 | 405,960 | |
20,276,394 | 16,441,621 | ||
Long-term provisions | 2,016,428 | 919,001 | |
Other non-current liabilities | 1,107,582 | 1,508,485 | |
Total Non Current Liabilities | 29,371,662 | 23,322,586 | |
Total liabilities | 106,390,451 | 89,404,577 | |
December 31, | December 31, | ||
2021 | 2020 | ||
USD | USD | ||
Equity attributable to owners of the Company | |||
104,420 | 104,420 | ||
Ordinary shares | 680,052 | 680,052 | |
Share premium | 3,849,223 | 3,849,223 | |
256,153,287 | 236,927,198 | ||
Other components of equity | -1,860,392 | -7,593,008 | |
Accumulated other comprehensive income attributable to assets held-for-sale | |||
- | -10,604 | ||
258,926,590 | 233,957,281 | ||
Non-controlling interests | 7,571,227 | 7,235,111 | |
Total equity | 266,497,817 | 241,192,392 | |
Total liabilities and equity | 372,888,268 | 330,596,969 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
2021 | 2020 | PERCENTAGE | |
USD | USD | ||
Profit for the year | |||
34,881,111 | 23,081,768 | ||
Other comprehensive income (loss) | |||
Items that will not be reclassified subsequently to | |||
profit or loss: | |||
Gain on valuation of financial assets at fair value | |||
through other comprehensive income, net of tax | 2,605,452 | 2,187,514 | |
Share of other comprehensive income of | |||
associates and joint ventures, net of tax | 45,290 | 4,887 | |
Remeasurement of net defined benefit assets, | |||
net of tax | -458,532 | -628,931 | |
Items that may be reclassified subsequently to | |||
profit or loss: | |||
Share of other comprehensive income (loss) of | |||
associates and joint ventures, net of tax | 139,990 | -42,731 | |
Gain (loss) on overseas business translation, | |||
net of tax | 6,366,250 | -4,702,717 | |
Gain (loss) on valuation of |
|||
derivatives | 44,060 | -29,199 | |
Other comprehensive income (loss) for the year, | |||
net of tax | 8,742,510 | -3,211,177 | |
Total comprehensive income for the year | 43,623,621 | 19,870,591 | |
Comprehensive income attributable to: | |||
Owners of the Company | 42,861,591 | 19,556,345 | |
Non-controlling interests | 762,030 | 314,246 | |
CONSOLIDATED INCOME STATEMENT | |||
2021 | 2020 | PERCENTAGE | |
USD | USD | ||
Revenue | 244,388,604 | 206,981,172 | |
Cost of sales | 145,451,851 | 126,290,010 | |
Gross profit | 98,936,753 | 80,691,162 | |
Selling and administrative expenses | 53,806,176 | 49,230,711 | |
Operating profit | 45,130,577 | 31,460,451 | |
Other non-operating income | 1,927,888 | 1,209,745 | |
Other non-operating expense | 1,797,022 | 2,175,425 | |
Share of net profit of associates and joint ventures | 637,719 | 442,733 | |
Financial income | 7,467,173 | 10,722,497 | |
Financial expense | 6,734,165 | 9,892,548 | |
Profit before income tax | 46,632,170 | 31,767,453 | |
Income tax expense | 11,751,059 | 8,685,685 | |
Profit for the year | 34,881,111 | 23,081,768 | |
Profit attributable to | |||
Owners of the Company | 34,301,040 | 22,804,707 | |
Non-controlling interests | 580,071 | 277,061 | |
Earnings per share | |||
(in Korean won, in US dollars) | |||
- Basic | 5.05 | 3.36 | |
- Diluted | 5.05 | 3.36 |
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