Financial Analysis

Year Formula 2015 2016 2017 2018 2019

Operating Efficiency Ratio Total asset Turnover (times) Net sales Average total net asset 0.39 0.66 0.54 0.46

Operating Profitability Ratio Gross Profit Margin Net Profit Margin Operating Profit Margin Return on Total Asset Return on Total Equity Return on Total capital Return on Investment Gross Profit Net sales Net Income Net sales EBIT Net sales Net Income Average total asset Net Income Average total Equity Net Income Average total capital Net income COGS COGS Net Income Dividend Net Income RR ROE 65% 41% 51% 17.35% 65% 41% 51% 16.21% 16.21% 16.21% 17.27% 65% 41% 51% 27% 27% 27% 17.19 65% 41% 51% 22.09% 22.09% 22.09% 17.02% 65% 41% 51% 18.73% 18.73% 18.73% 16.85%

Growth Analysis Retention Rate of Earning (RR) Potential Growth Rate 50% 50% 8.10% 50% 13.50% 50% 11.04% 50% 9.36%

Payback Period =

Investment Cost
=

Average Annual Income

800,000,000 / 93,777,287.472 = 8.5 years

Operating efficiency analysis Between 2016 to 2017 percentage increasing showed that the organization have ability to using asset for generate income more because the organization do not use capital for fixed asset cause cash increase. After 2017-2018 percentage will be decreasing because net sale in each year are equal but have long-term depreciation cost constant. It effect to company have ability for using asset decrease.

Operating Profitability analysis The organization have gross profit, net profit and operating profit in each years are equal because we have net sale constant. The organization can earning to all capital in the enterprise and have rate of return earned on the capital provided by the equity after paying for all other capital used in the third years increasing from second year because do not expenditure in fixed asset while in the fourth and fifth year decreasing because our organization have more expense in salary it effect net income and retain earning also decrease. Payback period Our organization will get investment return about 8.5 years. So, investor will get capital back will take time about 8 years 6 months. In the same time, the investor gets dividend in each year for 50% from net income to be profit of investor.

Growth Analysis Growth rate can be measured from compared to information of previous year or at the beginning of the change. Our company use previous base of information of previous year by calculate year per year or period or periods. The calculation in this case will change every year which is possible may have grown up or decline from a year ago by our company have growth rate that grow up in first 3 years and decline in 2 years later.