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Balan, Dennis G.

Blancas, Marygold M.
Dulaycan, Noemi
Mabalot, Erica Monique
Malatag, Jomarie

1.) Current Ratio= Current Asset/Current Liabilities Their current ratio in 2017 is less than 1, which may
indicate that they cannot pay their short term
=89,669,000/168,091,000
obligations without having difficulties. But, stated in
Current Ratio (2017) = 53:1 Note 27, Under Financial Risk Management
Current Ratio= Current Asset/Current Liabilities Objectives and Policies their liquidity risk refers to the
risk that their Financial requirements, Working
=89,964,000/182,013,000 Capital requirements and planned capital
Current Ratio (2016) = 47:1 expenditures requirements and their debt and
financing obligations, also getting from external
financing resources for future capital. They stated
that their cash and cash equivalents and short term
investment, which can be use in their short term
liquidity needs.

2.) Acid Test Ratio = (Current Assets – Inventories- Prepayments)/Current Liabilities


=89.669M-3.933M-9.633M/168.091M = 0.45:1
The ATR is 0.45 which is below 1 that may indicate that the firms liquidity position is not good but it is
disclosed in their note 27 that their cash position remains sufficient to support their debt and financing
obligations.

3.) AR Turnover

4.) Average Collection Period


5.) Inventory Turnover = Cost of Goods Sold/Average Inventory

2017 2016
Cost of Sales 13,633,000 18,293,000
Divide by: Average Inventory
(3.933M+3.744/2) 3,838,500
(3.744M+4.614M) 4,179,000
Inventory Turnover 3.55 4.77

It shows that the company properly manage its inventory. This measures how many times average
inventory is “turned” or sold during a period. This shows the company does not overspend by buying
too much inventory and wastes resources by storing non-saleable inventory. It also shows that the
company can effectively sell the inventory it buys.

6.) Average Sales Period = 365 Days/ Inventory Turnover

2017 2016
Number of Days 365 365
Divide by: Inventory Turnover 3.55 4.77
Average Sales Period 102.82 77

The Average Sales Period Ratio measures the number of days it will take a company to sell all of its
inventory. The day sales in inventory ratio show how many days a company’s current stock of inventory
will last. It measures value, liquidity, and cash flows. The computation above shows that inventory from
2017 lasts up to 103 days while on 2016 is 77 days.

7.) Times-Interest-Earned Ratio


8.) Debt to Asset Ratio

9.) Debt to Equity Ratio= Total Liability/Average SHE

=348.261M/ (111.183+108.537M/2) = 3.17

This result is risky because it shows that they have a high amount of debt and the equity cannot fulfill its
obligations to creditors in liquidation.

10.) Gross Margin Ratio

11.) Profit Margin

12.) Total Asset Turnover = Net Sales/Average Total Asset


2017= 159,926,000/467,281,500 = .34

The asset of the firm versus how it generate sales has a lower level of ratios which means that the
company has not deployed its assets.
13.) Return on Asset = (Net Income+(Interest Expense*(1-Tax rate))/Average total asset
=14.569M/(459.444M+475.119M/2) = 0.03
The company is not making enough income from the use of its asset.
14.) Earnings per Share = (Net Income-Preferred Dividends)/Common Shares
=13,371,000-59,000/216,056 = 61.61
In computing for EPS, it is only considering common stock for the reason that preferred dividend can
have advantage, but disadvantages as well once the company decided to issue larger dividend on
common stock. The power of PLDT remains the same compare of 2016.

15.) Price- Earnings Ratio

16.) Dividends Payout Ratio = Dividend per Share/EPS


2017=38/61.61 = 62%
2016=38.5/92.33 = 42%

As you can see, PLDT is paying out 60 percent of his net income to his shareholders. Depending on
PLDT’s debt levels and operating expenses, this could be a sustainable rate since the earnings appear to
support a 62 percent ratio in 2017. It is same as 2016 with 42 percent.

17.) Dividend Yield Ratio


18.) Book Value per Share

19.) Market Value Ratio

20.) Working Capital= Current Asset – Current Liabilities


The computation indicates that PLDT cannot
pay its current liabilities. This makes the
2017= 89,669,000-168,091,000 = (78,422,000) business more risky to new potential credits. If
PLDT wants to apply for another loan, it should
2016= 85,969,000-182,013,000 = (96,049,000) pay off some of the liabilities to lower its
working capital ratio before it applies.

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