OPERATION EFFICIENCY ANALYSIS 2015, 2016

AND 2017
- Depend on the date in BALANCE SHEET, INCOME STATEMENT OF
CASH FLOWS of the PETIMEX DONG PHAP company . Then we have
the data of operation efficiency annlysis 2015 , 2016 & 2017 below :

ITEMS YEAR 2015 YEAR 2016 YEAR 2017

1 Total revenue 13015776231356.00 9731087220061.00 11498744347898.00

2 Average total assets 6879368334171.50 5520262668077.50 5520262668077.50

3 Total average fixed 1218681244223.00 1167343961120.50 1111454190656.50

assets
4 Total average current 5259534556794.00 3944782241414.00 4224704319384.50
assets
5 Cost of goods sold 12687021567134.00 9244623422518.00 10982777971019.00

6 Average total 570988937877.00 625681056489.00 800784054850.50

inventory
7 Average total 255939527868.00 167572437668.00 253929680315.00
accounts receivable
8 Total assets turnover 1.89 1.76 2.08
= (1)/(2)
9 Fixed assets turnover 10.68 8.34 10.35
= (1)/(3)
10 Current assets 2.47 2.47 2.72
turnover = (1)/(4)
11 Inventory turnover 22.22 14.78 13.72
= (5)/(6)

12 Average days of 147.49 147.96 134.10

current assets turnover
= (365)/(10)
13 Average days of 16.43 24.70 26.61
inventory turnover =
(365)/(11)
14 Accounts 50.85 58.07 45.28
receivable turnover =
(1)/(7)
15 Average days of 7.18 6.29 8.06
account receivable
turnover = 365/(14)
16 Gross profit = (18) 1000.00 242704369359.00 204105137933.00
- (5)
17 Profit before tax 48947872816.00 53232757879.00 72739684411.00

18 Net sales 12687021568134.00 9487327791877.00 11186883108952.00

19 Net operating profit 37620778783.00 43713041520.00 10342382050.00

20 Profit after tax 48563245713.00 52869404279.00 72659558844.00

21 Financial income 307296956597.00 234239711825.00 226497571103.00

22 Average total 661525003282.50 712679360853.00 767705338241.50

equity
23 Interset expense 154399482390.00 130433605321.00 113067697970.00

24 Average owner's 661525003282.50 712679360853.00 767705338241.50

equity
25 Gross profit margin 0.00 % 2.56 % 1.82%
= (16)/(18)*100%
26 Net profit margin = 0.39 % 0.56 % 0.65 %
(17)/(18)*100%

27 Operating profit 0.00 0.00 0.00

margin=(19)/(18)+(21)

28 ROA = 0.01% 0.96 % 1.32 %

(17)/(2)*100%

29 RE = (17)+(23)/(2) 0.03 0.03 0.03

30 ROE = 7.34 % 7.42 % 9.46 %

(20)/(24)*100%
 - EXPLANING THE MEAN OF DATE
Items 2015 2016 2017 Explaining

(8) Total 1.89 1.76 2.08 - The total assets turnover fluctuation, In
assets particular, the reduction in the year
turnover 2016. This shows that the assets of the
company campaigned to slow, the ability to
generate sales of low asset should directly
affect the operation efficiency results the
company's business. But the increased
significant with 2.08 round in the year
2017. Shows the use of the property leads to
optimal results of business activities of the
company increased .
(9) Total 10.68 8.34 10.35 - The total fixed assets turnover of the firm
fixed assets was 10.68 in 2015 that mean the firm have
turnover 10.68 VNĐ revenue from 1 VNĐ fixed
assets . But the reduction of 2.34 round in
2016 showed that the inefficient use of fixed
assets affecting revenue, after overcoming
the situation that the company has
demonstrated through 10.35 round in 2017 .

(10) 2.47 2.47 2.72 - No change of 2 years 2015 and 2016. But
Current rising fast in the year 2017 shows was the
assets use of current assets good impact and
turnover effectiveness to revenue .
(11) 22.22 14.78 13.72 - The inventory turnover 22.22 round in
Inventory 2015. But to fall rapidly over the years
tunrover especially in 2017 with 13.72 round.
PETIMIX Company is a company gasoline
inventories should not allow kept too long in
stock will wear. Due to such characteristics
and the amount of business inventories are
show declining business activity business
very effectively. And management of
inventory so good .
(14) 50.85 58.07 45.28 - With 7:22 round the deviation between
Accounts 2016 and 2015 shows that the recovery of
receivable debts from customers very well, and the
turnover company are the reputable business partner,
capable of quick repayment. However, such
increases were partly also see sales policy
too tight and could also affect sales.
However , the year 2016 have issues about
the recovery of money owed to customers,
sales policy loosely or in this phase of
business partner are having difficulty should
only 45.28 round .

(25) Gross 0.0% 2.56% 1.82% - We can easily recoginize gross profit
profit margin of the company insreased sharply in
margin 2016 with 0% in 2015 to 2.56% in 2016.
However, there remains the slight reduction
in 2017. But this also proved to be the
company is profitable and effective cost
control.
(16) Gross 1000 24270436 20410 - The gross profit increased significationt ,
profit 9359 51379 although there is a slight decline in 2017, but
33 also shows the company are trading large
margin and cost management good .

(26) Net 0.39% 0.56% 0.65% - As can be seen, The percentage rise over
profit the years. The main reason is the strong
margin growth of Profit after tax, however there was
a slight increased by Net Sales over the
years. This shows that the sales process of
the company having a few small
problems. But cost management for good
business .
(27) 0% 0% 0% The managers need to figure out why this
Operating operating profit margin so low from which
profit they can determine the business opreation is
margin effective or not, or see product price has
been rising more quickly or more slowly
than the cost of capital.

(28) 0.01 0.96 1.32 ROA gives information about the average
ROA per 100 VNĐ property of the busniness i’m
out how much copper profit for the owner.
The year 2015 enterprise reached 0.01%.
But strong growth through the year,
especially with 1.32% in 2017. ROA ratio
depends very much on the business results of
the year and characteristics of the busniness
industry . In 2015 & 2016 the company
operates on the average every 100 properties
will create the is 0.01$ & 0.96 VNĐ
profit.However 2017 the profit has increased
1.32 VNĐ .
(29) 0.03 0.03 0.03 The RE of company levelled off over 3-year.
RE Shows the funding policy of company
effectively .

(30) 7.34 7.42 9.46 ROE shows the average every 100VNĐ of
ROE the equity business will generate how much
the profit. The PETIMIX company
2015,2016 and 2017 with 7.34% , 7.42% and
9.46%.
The same with ROA, ROE depend on the
result of operatin efficiency of business in a
year and the scale and level of risk . From
the result below we can be seen the growth
of the economy with high demand could
affect the result of operation of company .