BALANCE SHEET

BALANCE SHEET

COMMON SIZED

GROWT
H RATE

Dec 31st, Dec 31st,

2013
2012

Dec 31st, Dec 31st,

2013
2012

YOY

Cash

550

100

11.0%

2.1%

450.0%

Accounts receivable

200

250

4.0%

5.2%

-20.0%

50

1.0%

0.0%

Inventories

400

250

8.0%

5.2%

60.0%

Current Assets

1,200

600

24.0%

12.5%

100.0%

Equipment

2,000

2,200

40.0%

45.8%

-9.1%

Buildings

1,000

1,200

20.0%

25.0%

-16.7%

Land

600

600

12.0%

12.5%

0.0%

Intangibles

200

200

4.0%

4.2%

0.0%

3,800

4,200

76.0%

87.5%

-9.5%

5,000

4,800

100.0% 100.0%

4.2%

Accounts payable

150

200

3.0%

4.2%

-25.0%

Unearned revenue

200

4.0%

0.0%

Current Liabilities

350

200

7.0%

4.2%

75.0%

1,000

800

20.0%

16.7%

25.0%

350

1,000

7.0%

20.8%

-65.0%

Non-current Liabilities

1,350

1,800

27.0%

37.5%

-25.0%

LIABILITIES

1,700

2,000

34.0%

41.7%

-15.0%

2,500

2,500

50.0%

52.1%

0.0%

800

300

16.0%

6.3%

166.7%

3,300

2,800

66.0%

58.3%

17.9%

5,000

4,800

100.0% 100.0%

4.2%

Prepaid expenses

Non-current Assets

ASSETS

Bank loans
Bonds payable

Contributed capital
Retained earnings

OWNERS's EQUITY

LIABILITIES + OWNERS's
EQUITY

INCOME STATEMENT

FIN

INCOME
STATEMENT

COMMON SIZED

GROWTH
RATE

Dec 31st, Dec 31st,

2013
2012

Dec 31st, Dec 31st,

2013
2012

YOY

Sales Revenue

6,000

5,000

86%

100%

20.0%

Services Revenue

1,000

14%

0%

7,000

5,000

100%

100%

40.0%

(2,000)

(1,500)

-29%

-30%

33.3%

5,000

3,500

71%

70%

42.9%

(3,000)

(2,000)

-43%

-40%

50.0%

Advertising expenses

(400)

(200)

-6%

-4%

100.0%

Insurance

(200)

-3%

0%

1,400

1,300

20%

26%

7.7%

(400)

(500)

-6%

-10%

-20.0%

1,000

800

14%

16%

25.0%

Interest Revenue

50

1%

0%

Interest Expenses

(150)

(200)

-2%

-4%

-25.0%

900

600

13%

12%

50.0%

(225)

(150)

-3%

-3%

50.0%

675

450

10%

9%

50.0%

1,000

1,000

10

11,350

9,800

175

150

2,000

1,500

Total Revenues
Cost of Goods Sold

Gross Profit
Wages

EBITDA
Depreciation

EBIT

EBT
Income Tax expenses

Net Income
Number of Outstanding Shares
Market price per share
Enterprise Value
Total dividends
Purchases

FINANTIAL RATIOS

Measures

Dec 31st, Dec 31st,

2013
2012

Current Ratio

3.43

3.00

Quick Ratio

2.29

1.75

Cash Ratio

1.57

0.50

Net Working Capital

850

400

Debt-to-Equity Ratio

0.52

0.71

Debt-to-Assets Ratio

0.34

0.42

Financial Leverage ratio

1.52

1.71

Short term debt weight on total Debt

21%

10%

Long term debt weight on total Debt

79%

90%

Interest coverage ratio (using EBIT)

6.67

4.00

Interest coverage ratio (using EBITDA)

9.33

6.50

Total Assets Turnover

1.40

1.04

Fixed Assets Turnover

1.84

1.19

Inventory Turnover

6.15

12.00

Days to Sell inventory

58.50

30.00

Average collection period

11.57

9.00

Average payment period

31.50

24.00

Operating Cycle

70.07

39.00

Cash Conversion Cycle

38.57

15.00

Earnings per share

0.68

0.45

Price-earnings ratio

14.81

17.78

Book value per share

3.30

2.80

Price-to-book ratio

3.03

2.86

Dividends per share

0.18

0.15

Payout ratio

26%

33%

Retention ratio

74%

67%

57.14

53.33

EBITDA Multiple

8.11

7.54

Sales Multiple

1.62

1.96

Degree of Operating Leverage

5.00

4.38

Degree of Financial Leverage

1.11

1.33

Degree of Combined Leverage

5.56

5.83

Tax burden

75%

75%

Return on Sales (using Net Income)

9.6%

9.0%

Price-dividends ratio

Return on Assets (using Net Income)

13.5%

9.4%

Return on Equity (using Net Income)

20.5%

16.1%