EGAR, Jennycel D. LAPING, Beberlie T. BONTUAN, Eumae Rose T. Maglasang, Ian Dave B. ALDUCENTE, Nievarene

EGAR, Jennycel D.
LAPING, Beberlie T.
BONTUAN, Eumae Rose T.
MAGLASANG, Ian Dave B.
ALDUCENTE, Nievarene
RATIO ANALYSIS OF FILINVEST, INC. (2018)
FORMULAS DECEMBER 31, 2018

PROFITABILITY RATIOS
Return of Equity (ROE) Net Income/ Stockholder’s Equity = 0.0929
Return on Assets (ROA) Net Income/ Total Assets = 0.0382
Book Value Per Share Equity/ # of shares outstanding = 2.77
Earnings Per Share Net income/ # of shares = 0.25

outstanding
Basic Earning Power (BEP) Earnings Before Income Tax/ Total = 0.049
Assets
Return on Sales (Profit Margin) Net Income/ Sales = 0.30
LIQUIDITY RATIOS
Current Ratio Current Assets/ Current Liabilities = 3.57
Solvency Total Assets/ Total liabilities = 1.73
Cash Ratio Cash & Cash Equivalents/ Current = 0.47

Liabilities
DEBT MANAGEMENT RATIOS
Debt Ratio Total Liabilities/ Total Assets = 1.73
Debt Stockholder’s Equity Total Liabilities/ Total = 1.36

Stockholders Equity
ASSET MANAGEMENT RATIOS

Fixed Assets Turnover Sales/ Average Fixed Assets = 0.41
Accounts Receivable Turnover Sales/ Average Accounts = 7.50

Receivable
Days of Sale Outstanding 365/ Accounts Receivable = 49 days

Turnover
EGAR, Jennycel
MACC 212 – Finance and Financial Markets
BSA- II/ A22


outstanding
Assets
LIQUIDITY RATIOS

Liabilities

Stockholders Equity
Interest Coverage Earnings Before Income Tax/ = 7.86

Interest expense
Interest Earned EBIT/ Interest Income = 8.94


Receivable

Turnover
LAPING, Beberlie T.
MACC212- Financial Markets
BSMA-II/ A22
Gross Profit Margin Gross Profit/ Sales = 0.59
Net Profit Margin Net income/ Sales = 0.30
Assets
LIQUIDITY RATIOS
Quick Asset Ratio (Current Assets - Inventory - = 1.09

Prepayments) / Current Liabilities

Liabilities
Debt-to-Equity Ratio Total Liabilities/ Total Equity = 1.18
Asset-to-Equity Ratio Total Assets/ Total Equity = 2.18

Interest expense


Receivable

Turnover
BSA- II/ A22


outstanding
Assets
LIQUIDITY RATIOS

Liabilities

Stockholders Equity

Interest expense


Receivable

Turnover

BSA- II/ A22

Gross Profit Margin COS/ Sales = 0.47
Net Profit Margin Net income/ Sales = 0.29
Price/ Earnings Ratio Price Per Share/ Earnings Per = 8.05

Common Share
LIQUIDITY RATIOS
Quick ratio (Current Assets - Inventory - =1.05

Prepayments) / Current Liabilities

Stockholders Equity
Asset-to-Equity Ratio Total Assets/ Total SHE = 2.04
Interest Coverage EBIT/ Interest charges = 9.77
BSA- II/ A22
2018 2017 2016 2015 2014

Return of Equity (ROE) 0.0929 0.092 0.09 0.09114 0.09
Return on Assets 0.0382 0.040 0.04 0.0420 0.04

(ROA)
Gross Profit Margin - - 0.59 - 0.47
Net Profit Margin - - 0.30 - 0.29
Book Value per Share 2.77 0.241 - 2.30 -
Earnings per Share 0.25 0.25 - 0.21 -
Basic Earning Power 0.049 0.089 0.06 0.06 -

(BEP)
Return on Sales (Profit 0.30 0.32 0.30 0.30 -
Margin)
Earnings Ratio - - - - 8.05
LIQUIDITY RATIOS
Current Ratio 3.57 2.95 3.50 3.99 3.13
Quick Asset Ratio - - 1.09 - 1.05
Solvency 1.73 1.78 1.85 1.85 0.09
Cash Ratio 0.47 0.48 0.41 0.41 -
Debt Ratio 1.73 0.56 0.54 0.54 0.51
Debt-to-Equity Ratio 1.36 1.29 1.18 1.17 0.77
Asset-to-Equity Ratio - - 2.18 - 2.04
Interest Coverage - 7.86 7.39 8.21 9.77
Interest Earned - 8.94 9.02 8.98 -
Fixed Assets Turnover 0.41 0.82 0.99 0.90 -
Accounts Receivable 7.50 10.98 0.86 0.93 -

Turnover
Days of Sale 49 days 33 days 424 days 392 days -
Outstanding
INDUSTRIAL AVERAGE 2018-2014
RATIO 2018 2017 2016 2015 2014

Current Ratio 2.356 1.86 2.476 2.604 2.514
Quick Asset 1.495 1.175 1.617 2.35 1.74
Solvency 1.157 1.18 1.36 1.38 0.69
Cash Ratio 0.30 0.36 0.485 0.405 0.61
Return on sales 0.32 0.31 1.06 0.23 0.10
Return on assets 0.0529 0.0395 0.0516 0.0544 0.05494
Return on equity 0.1012 0.0887 0.1184 0.1184 0.0653
BEP 0.0664 0.0732 0.0646 0.0867 0.06695
A/R Turnover 4.965 6.735 0.645 0.885 1.22
Debt Ratio 0.8397 0.4376 0.4295 0.4718 0.4753
Debt-to-equity 0.99 1.045 0.905 1.15 1.06
Asset-to-equity 2.413 2.47 2.3025 2.603 2.5275
Horizontral Analysis
(REVENUE)
2018
2017
Series 1
2016
2015
2014
0 0.05 0.1 0.15 0.2 0.25 0.3
FINANCIAL ANALYSIS, 2018
Building on its strengths, Filinvest Land, Inc. (FLI) continues to tap the vast potential of thelucrative
leasing market. The company is focused on offering quality investment properties andmanaging these
effectively to drive growth and create greater value for its stakeholders. Complemented by a diverse portfolio of
residential and townscape projects, FLI will continue to enhance lives and offer countless opportunities for
Filipinos across the country.
In analysing FLI’s performance, I focused on the points where there is a bit difference occurred when
compared with the prior years.
In analysing the growth that FLI undertakes, let us start proving this through various analyses. ROE is
more than a measure of profit; it's a measure of efficiency. A rising ROE suggests that a company is increasing
its ability to generate profit without needing as much capital. It also indicates how well a company's
management is deploying the shareholders' capital. This then tells us in other words that, the higher the ROE the
better. Falling ROE is usually a problem. In connection, FLI’s return on equity marked to 9.29%. FLI is doing
better in maximizing the shareholders’ wealth which resulted 9.29% unlike the previous years which accounted
only to 9%. Thus, this corresponds to a significant increase compared to previous years. Its gradual upsurge
poses a remarkable success in the company’s urge to maximize shareholders’ wealth.
The number will vary widely across different industries. Return on assets gives an indication of the
capital intensity of the company, which will depend on the industry; companies that require large initial
investments will generally have lower return on assets. ROAs over 5% are generally considered good. Looking
at FLI’s ROA, they had 3.82 % in 2018. When compared to what is a considerable percentage of ROA, the
difference is only 1.18, wherefore we can still perceive the difference to be minimalthus considers FLI in the list
of attractive industry.
“The year 2018 was a year of achieving milestones for Filinvest Land, Inc. (FLI). Consolidated
revenues rose 10% to Php22.21 billion. Significant growth came from its recurring income business, with rental
revenues increasing 27% to Php5.61 billion. Net income reached Php6.08 billion.” Josephine Gutianon Yap.
This statement is from the President and chief executive officer. This was realized because FLI had 17 new
projects and expansion phases worth 16 billion of residential ventures across the country. They’ve given
emphasis to rental activities for they have seen its benefits to the company. Rising rental income in 2018
amounted to 27% of its growth along with its 46% contribution to the total net income.
Though the results related to income may be appealing yet it constitutes a little disadvantage on
recurring cash. Their cash flow statement reveals that they ended with a lesser net cash proceeds in the year
2018 compared to that of 2017. This was so because in 2018 the company incurred a lot of expenses in making
various projects and expansions. This corresponds to high tax and creditable withholding tax payments so with
interest paid on amortizations related to transaction costs. The depreciation expenses they have recognized in
the year increased. Another contributor to their low cash is the increase in contract liabilities which amounted to
Php 3,210,176.
This is what I sensed to be the reason why they got a cash ratio of .27. In the common industry, the
standard ratio that is mostly considered to be desirable is that which equates to 1 and above. With regards to the
cash ratio of FLI we can say that in year 2018 their capacity at meeting short term obligations diminish
compared to last year’s but that amount was not so material and the range is minimal.
In the same year, FLI declared cash dividends amounting to Php0.061 per share equivalent to 26%
payout ratio and a dividend yield at the time of declaration of 3.6%, the highest among the Philippine property
companies. A major advantage of paying dividends is that they can help provide shareholder loyalty.
Companies with a history of dividend payments are expected to maintain those payouts if possible. The major
disadvantage of paying dividends is the cash paid out to investors cannot be used to grow the business. This is
what I think what made their current ratio subdue.
That was the major differences FLI encountered in the year 2018 yet despite the low cash ratio, the year
2018 opens up the door for improvement with respect to the company’s endeavour in the years to come. The
expenses they have acquired for the building of new projects contribute to a vast inclination of income and
dividend distributed. Their assets have increased from 145.12 to 158.86.
All of these facts were impacted by the slower pace of the Philippine economy compared to 2017 of
6.2%. This tempered household consumption and spending investments. But despite of that, FLI remained
resilient as they cope with the trend in Build BuildBuild program which they took chance to operate with, and
developed projects such as establishing rental businesses. There were 6 new buildings completed and turned
over by the year-end.
They have now a total of 712000 sqmGross Leassble Area(GLA). The company is looking forward to
making more projects and investments through rental businesses and building malls and infrastructures. They
planned to have a combined retail and office portfolio of 1.66 Billion sqm of GLA in 2023. This is what FLI
foresees.
EGAR, Jennycel
BSA- II/ A22
The year 2017 which is the third year of five-year expansion program the income portfolio reached
587,000 square meters of expansion as to it's offices and rental business. That's why it is considered as a
milestone year as the company expanded and fortified it's retail footprint. Based on the statement above it
implies that FilInvest rapidly grows it's operation in the year 2017 basically this growth reflected on it's
financial statement. Filinvest display a return on equity with a ratio of .92% or 9% same output with it's
previous and present year basically a stagnant output is resulted. This signifies that Filinvest is well performing
in terms of it's efficiency in generating it's profit and how well a company's management is deploying the
shareholders capital. Primarily large businesses are prone to encounter myriad of risk that can affect their
performance primarily in generating its profits. Hence, Filinvest provides a concept of maintaining it's 9% ratio
which is far more greater than other property lease business. Also in connection with it's debt ratio which is .
56%, 2% higher compare in previous year 2016. This indicate that the higher its debt ratio the less shareholders
equity it have and a higher return on equity an inverse relationship between debt ratio and shareholders equity.
Correlation with its return on asset of 0.04% until the year 2018, this will insinuate in Filinvest portfolio
that it is ended the year with a net income of 5.80 billion, 9% higher than in 2016 driven by office and retail
rental business together with share price of the beginning by 231 from the share prices at the beginning of 2012.
This we believe that there is an affirmation of the markets confidence in management plans and ability to
achieve it targets.
Filinvest Liquidity ratio in the year 2017 indicated with its current ratio of 2.95% which means that the
company is able to pay its current obligation on time and basically the ability of assets that can be easily
converted into cash that constructed into company's effectiveness of the optimal management toward cash
resources.
Debt ratios on the other hand indicates a higher ratios which is .56% as well as in debt on shareholders
equity ratio of 1.29 clearly Filinvest have a much higher ratios because every year Filinvest comply an
additional activities such in accordance with its leasing portfolio mainly in Alabang that constitute a total of 17
building totaling to 249,000 sq. of GLA, that considered the market holders providing premium-quality office
buildings for multinational corporations, primarily to Business Process Outsourcing (BPO).
Significantly, as the company expand its business greater debt is realize however it doesn't mean that the
company performing at risk because its return on asset gives equivalent to its debt, greater debt also Filinvest
has a greater return on asset also.
The year 2017 proved to be a dynamic year for Filinvest high-rise development, which addressed the
needs of buyer who want to live their worker schools. Primarily it is a year where Filinvest implying a high
growth on its expansion and have a variety of construction to provide a sustainable long-term investment in
accordance with the needs of its customers also to its creditors.
LAPING, Beberlie T.
MACC212- Financial Markets
BSMA-II/ A22
Filinvest Land Inc. (FLI) is one of the leading real estate developers in the country, providing a wide
range of real estate products to residential and commercial customers. FLI has over 50 years of real estate
expertise and has developed over 2500 hectares of land, providing home/ home sites over 160,000 families. In
2015, FLI embarked on an expansion plan to triple its recurring income portfolio by the end of 2019. FLI ended
the year of 2016 with a net income 5% higher than the prior year driven by strong revenues from rental
business.
Profitability Ratios explains the company’s ability to generate earnings; one of the most important goals
of businesses. In the year 2016, FLI reflects a return on equity (ROE) of 0.09 or 9%. ROE measures how
effectively management is using a company’s asset to generate profit. Compared to the other companies, FLI
ROE is above average which entails a effective management of the profits earned and its owner’s investment
with their expansion plan as they earned their profits therewith; which tells that the higher ROE, the better.
On its Return on Assets (ROA), it measures the ability of a company to generate income out of its
resources/ assets. It tells how well a company utilizes its assets, by determining how profitable a company is
relative to its total assets. On 2016, it reflects a ROA of 0.40 or 40%, an income of 5,350,786 and Total assets
of 129,425,232. ROA tells about how effective the company is in converting the money it invests into net
income; the higher the ROA, the better but, as we can say, the company is not that good in effectively managing
the company’s asset in order to provide a good ratio for the year due to different factors it affects.
Return on Sales (ROS), is a ratio used to evaluate a company's operational efficiency. This measure
provides insight into how much profit is being produced per dollar of sales. On the year 2016, it resulted to 0.30
or 30% which derived from net income of 5,350,786 divided with Sales 17,640,102. This indicates that though a
lot of factors affect the business, yet it still indicates that the company is selling its products well, so its profits
are likely to be the same all throughout the range period.
Basic Earnings Power (BEP), is a business's ability to generate profit from conducting its operations. It
is used to analyze stocks to assess whether the underlying company is worthy of investment. A company’s
earnings power is a reflection of the ability to generate income or profits over time, assuming all current
operational conditions remain constant. In 2016, FLI produces a ratio of 0.06 or 6% derived from Earning
before income tax (EBIT) of 7,927,065 with Total Assets of 129,425,232. EBIT examines the earnings power of
a company based on continuous operations, often related to company’s cash flow.
Liquidity ratio is the ability to convert assets into cash quickly and cheaply. Although its results in
income may be deceiving, yet its cash resulted lesser than the previous. In 2016, its cash flows reveal 4,873,025
which is indeed lesser compared to the previous one, 6,596,380. This is because the company incurred a lot of
expenses in putting into actions their planned expansion. This was indicated in the investing activities in the
company’s cash flows in which it identifies that the company invested their cash in the acquisition of land, and
investment properties and property and equipment. Its cash ratio, is a measurement of a company's liquidity,
specifically the ratio of a company's total cash and cash equivalents to its current liabilities, reflects a ratio of
0.41 or 41% out of Cash and Cash equivalents of 4,873,025 and current liabilities of 12,013,747. This
comprehends that the company is able to repay its short-term debt with cash and cash equivalents to its debtors.
Current Ratio, is a liquidity ratio that measures a company's ability to pay short-term obligations or
those due within one year, for the year 2016, it currently reflects a 3.50% derived from current assets of
42,070,833 with current liabilities of 12,013,747. This explains that the company maximizes well the
company’s currents assets with its short-term debt; it gained a high ratio due to inventories.
Quick Ratio is an indicator of a company’s short-term liquidity position and measures a company’s
ability to meet its short-term obligations with its most liquid asset, which results 1.09%. This means that the
company is still capable of paying all of its current liabilities with quick assets and still have some quick assets
left over.
Solvency Ratio, is primarily used to measure a company’s ability to meet its long-term obligations;
measure the size of a company’s profitability and compares it to its obligations. By this, FLI show a solvency
ratio of 1.85 and during this year, its total assets totaled to 129,425,232 and their total liabilities, 70,012,595 so
this means that the company has the ability to meet its long-term obligations due to its satisfactory
performances.
Debt ratio of FLI has a ratio of 0.54, which measures the firm’s ability to repay its long-term debt by
indicating the total liabilities worth 70,012,595 with total assets of 129,425,232. According to
MyAccountingCourse, 2019, a debt ratio of .5 is considered to be less risky, means that the company has twice
as many assets as liabilities. This tells that the company is able to repay its long-term debt to its creditors, which
also implies that the company is healthy and doing well.
Accounts Receivable indicates that how many times a business can turn its accounts receivable into cash
during a period. By this, FLI shows a ratio of 0.86 times can collect its average accounts receivable during the
year. In which it take 424 days for the company to collect payment after a sale has been made.
Fixed Assets Turnover, this ratio compares its net sales to average fixed assets and measures a
company’s ability to generate net sales from its fixed-assets investments. FLI yield a ratio of 0.99, which
implies that the company is doing well with its management with utilizing efficiently its assets that resulted to
generating a decent amount of sales.
Therefore, with its results in the year 2016, this implies that company is doing well despite the factors,
both internal and external, that affects the numerical values shown above. Although the shown numerical are
quite deceiving, let’s not just conclude thereafter for the business is applying the going concern approach that
implies they will garner their prospected income and values in the prospected year of 2019-2020 for the
expansion and investment plan they put into work and its efforts in deriving their expected destination.

BSA- II/ A22
Filinvest Land, Inc. (FLI) manages to capture the pulse of the dynamic real estate market. With a steady hand
and an expert eye, FLI focuses on strengths and areas where it has a competitive advantage.
Through its core brands, FLI reaches across all markets expanding geographically and innovating product
lines to build homes and lifestyles that are consonant with that of the modern Filipino.
With the thrust to increase its retail and commercial portfolio, construction activities of Festival Mall
expansion and new malls were in full swing for 2015.
In 2015, FLI launched 17 new residential projects and expansion phases with a total inventory worth P12.5
billion. This reaffirms the company's commitment to build the Filipino dream, be it a first home for the family,
a legacy for future generations, or a premium lifestyle befitting one's success.
At the end of 2015, FLI's office Gross Leasable Area (GLA) stood at 275,000 square meters which is 33%
higher than the previous year. FLI extends its competitive advantage in the real estate industry by fortifying its
position in the lucrative leasing market with a range of office and retail developments.
Affordable housing remained a major contributor to FLI's bottom line as FLI made strides with its Futura
Homes in developments in South Luzon. More urbanities are enjoying the lush lifestyle as Filinvest achieves
more milestones for its mid-rise Oasis communities. Filinvest creates premium residences and leisure
developments designed for the most discriminating buyers. Applying a holistic approach to its vision of
building the Filipino dream. Filinvest creates integrated townscapes where families can experience convenience
and fulfillment with a seamless convergence of work, home and leisure.
The company's profit increase was also driven by its ability to manage costs. Costs of real estate sales and
rental services increased by a mere 5%. General Admimistrative and Selling and Marketing Expenses declined
by 5%. These resulted to healthy EBITDA margins for the rental business and improved gross profit margins
for the residential sales business.
In 2015, they successfully raised P8 billion through the issuance of retail bonds. The fundraising activity
resulted to a lower overall cost of debt for the company and provides for more financial flexibilty for the
company. FLI currently has no foreign exchange debt exposure and minimal interest rate risk with 93% of its
debt in fixed-rate instruments.
FLI's healthy and stable financial performance in 2015 was the result of resilient revenues, consistent
implementation of measures to maintain high gross margins and the further reduction of the cost of debt.
LIQUIDITY RATIO
Current Ratio - In the year 2015, FLI has a current ratio of 3.99 due to its total asset which increased by 14%
reaching P121.33 billion- one of the contributor to its total asset is the 17 new residential projects and expansion
phases with a total inventory worth P12.5 billion. The company's ability to serve its obligation is satisfactory.
Cash Ratio - FLI has a cash ratio of 0.47 which is the result of their Cash and Cash Equivalent worth 6,596,380
and their current liabilities worth.
Solvency Ratio - FLI has a solvency ratio of 1.85 and during this year, FLI has the ability to meet its long-term
obligations since its total asset is worth P121,333,044 while their total liabilities is worth 65,497,910 due to its
performance satisfaction.
Interest Earned - FLI has 8.98 times interest which is the respond of their activities during this year - EBIT of
7,257,391 and the Interest Income of 808,380.
ASSET MANAGEMENT RATIO

Accounts Receivable Turnover - In the year 2015, FLI has an A/R turnover of 0.93. The yielded measurement
which is the 0.93 is an accounting calculation used to measure how effectively FLI uses customer credit and
collect payments on the resulting debt.
Days of Sale Outstanding - It takes 392 days a company to collect payment after a sale has been made.
Fixed Asset Turnover - FLI has a fixed asset turnover of 0.90 which is the company's ability to generate net
sales worth 17,003,469 from its average fixed asset worth 18,920,344.50.
DEBT MANAGEMENT RATIO
Debt Ratio - FLI has a ratio of 0.54 which measures the firms ability to repay long term debt by indicating the
total liabilities worth 65,497,910 to its total asset worth 121,333,044. Their debt ratio remains healthy as they
continue to tap the debt markets for their financial needs.
Debt Stockholder's Equity - During 2015, FLI yield a ratio of 1.17 in terms of DSE. This ratio measures what
proportion of total asset were provided by the owner's equity.
Interest Coverage - The IC of FLI during this year is 8.21.
PROFITABILTY RATIO
Return on Equity - In the year 2015, the ROE of FLI is 0.09114 which is the result of the used of DuPont
Equation - Profit Margin (0.30), Asset Turnover (0.14) and the Equity Multiplier (2.17). The ratio is considered
a measure of how effectively management is using a company's asset to create profit. FLI continue to balance
demands for a higher ROE vs. the fianancial cost in the initial life cycle of buildings as they build up a
portfolio and the cost of carrying sufficient land bank.
Return on Asset - In the year 2015, the ROA of FLI is 0.0420 which is the result of their Net Income worth
5,098,564 and the total asset of 121,333,044. The said ratio is an indicator of how well a company utilizes its
assets, by detemining how profitable a company is relative to its total assets. The company's profit was also
driven by its ability to manage cost.
Book Value Per Share - FLI's BPS is 2.30 which is the result of the Equity worth 55,832,234 and the shares
outstanding of 24,249,759.
Earnings Per Share - In 2015, the EPS of FLI is 0.21 which is the result of the Net Income worth 5,098,564 and
the shares oustanding od 24,249,759.
Basic Earning Power - The BEP of FLI in the year 2015 is 0.06 in which this ratio will use to calculate the
earning power of a business before the effect of the business's income taxes and its financial leverage
Return on Sales - In the year 2015, the ROS of FLI is 0.30 which used to evaluate a company's operational
efficiency. The company attributes the increase in revenues to the continued strong demand to its BPO office
space as well as the growth in sales recognized from its residential businesses.
BSA- II/ A22
Profitability Ratios
Return Of Equity- This measures the company's overall efficiency which is 9% in managing the total
investment in asset and in generating return to shareholders.
Return of Assets- FLI has 4% amount of profit earned relative to the level of investment in total assets and
investments of common shareholders.
Gross Profit Margin- The gross profit margin is 47% which means that the company have been stable in
controlling both cost and inventories. Thus, it is favorable since the company has the ability to manage
operating expense while the sales increases.
Net Profit Margin- The company's net profit margin is 29% after considering all revenues and expenses,
including interest, taxes, and non-operating items. This means that 29% of sales is in net income.
Price Earnings Ratio- Filinvest's price to earnings ratio is 8.05. This could be because the market is reacting
favorably to the company's good year.
Liquidity Ratios
Current Ratio- The company's current ratio indicates that in year 2014, current assets covered current liabilities
3.13 times.
Solvency Ratio- Filinvest has a solvency ratio of 0.09 and during this year, it has the ability to meet its long-
term obligations since its total assets is worth 106,407,580 pesos while their total liabilities is worth 54,326,006
pesos due to its performance satisfaction.
Quick Ratio- The quick ratio of FLI during the year of 2014 is 1.05 which shiws that they still manage their
total liabilities and make sure of their total assets be in stable.
Debt Management Ratios
Debt Ratio- Filinvest has a debt ratio of 0.51 which measures the firm's ability to repay long-term debt by
indicating the total liabilities worth 54,326,006 pesos to its total asset worth 106,407,580 pesos. Their debt ratio
remains healthy as they continue to tap the debt markets for their financial needs.
Debt Stockholders Equity- During 2014, Filinvest yield a ratio of 0.77 in terms of debt stockholders equity. This
ratio measures what proportion of total asset were provided by the owner's equity.
Asset-to-Equity Ratio- The asset-to-equity ratio during 2014 was 2.04 which measures the firm's current assets,
inventory, and prepayments over the total liabilities they have.
Interest Coverage- The interest coverage of Filinvest is 9.77 which measures the ability of the firm to pay and
meet the proportion or the equity that they have over the interest charges involved.
BSA- II/ A22

EGAR, Jennycel D. LAPING, Beberlie T. BONTUAN, Eumae Rose T. Maglasang, Ian Dave B. ALDUCENTE, Nievarene

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EGAR, Jennycel D.

FORMULAS DECEMBER 31, 2018

Return on Assets (ROA) Net Income/ Total Assets = 0.0382

Book Value Per Share Equity/ # of shares outstanding = 2.77

Earnings Per Share Net income/ # of shares = 0.25

Solvency Total Assets/ Total liabilities = 1.73

Cash Ratio Cash & Cash Equivalents/ Current = 0.47

Debt Stockholder’s Equity Total Liabilities/ Total = 1.36

ASSET MANAGEMENT RATIOS

Accounts Receivable Turnover Sales/ Average Accounts = 7.50

Days of Sale Outstanding 365/ Accounts Receivable = 49 days

RATIO ANALYSIS OF FILINVEST, INC. (2017)

Return on Assets (ROA) Net Income/ Total Assets = 0.040

Book Value Per Share Equity/ # of shares outstanding = 0.241

Earnings Per Share Net income/ # of shares = 0.25

Solvency Total Assets/ Total liabilities = 1.78

Cash Ratio Cash & Cash Equivalents/ Current = 0.42

Debt Stockholder’s Equity Total Liabilities/ Total = 1.29

Interest Coverage Earnings Before Income Tax/ = 7.86

ASSET MANAGEMENT RATIOS

Accounts Receivable Turnover Sales/ Average Accounts = 10.98

Days of Sale Outstanding 365/ Accounts Receivable = 33 days

Return on Assets (ROA) Net Income/ Total Assets = 0.04

Gross Profit Margin Gross Profit/ Sales = 0.59

Net Profit Margin Net income/ Sales = 0.30

Quick Asset Ratio (Current Assets - Inventory - = 1.09

Cash Ratio Cash & Cash Equivalents/ Current = 0.41

Debt-to-Equity Ratio Total Liabilities/ Total Equity = 1.18

Asset-to-Equity Ratio Total Assets/ Total Equity = 2.18

Interest Coverage Earnings Before Income Tax/ = 7.39

ASSET MANAGEMENT RATIOS

Accounts Receivable Turnover Sales/ Average Accounts = 0.86

Days of Sale Outstanding 365/ Accounts Receivable = 424 days

FORMULAS DECEMBER 31, 2015

Return on Assets (ROA) Net Income/ Total Assets = 0.0420

Book Value Per Share Equity/ # of shares outstanding = 2.30

Earnings Per Share Net income/ # of shares = 0.21

Solvency Total Assets/ Total liabilities = 1.85

Cash Ratio Cash & Cash Equivalents/ Current = 0.47

Debt Stockholder’s Equity Total Liabilities/ Total = 1.17

Interest Coverage Earnings Before Income Tax/ = 8.21

ASSET MANAGEMENT RATIOS

Accounts Receivable Turnover Sales/ Average Accounts = 0.93

Days of Sale Outstanding 365/ Accounts Receivable = 392 days

MAGLASANG, Ian Dave B.

FORMULAS DECEMBER 31, 2014

Return on Assets (ROA) Net Income/ Total Assets = 0.04

Gross Profit Margin COS/ Sales = 0.47

Net Profit Margin Net income/ Sales = 0.29

Price/ Earnings Ratio Price Per Share/ Earnings Per = 8.05

Solvency Total Assets/ Total liabilities = 0.09

Quick ratio (Current Assets - Inventory - =1.05

Debt Stockholder’s Equity Total Liabilities/ Total = 0.77

Asset-to-Equity Ratio Total Assets/ Total SHE = 2.04

Interest Coverage EBIT/ Interest charges = 9.77

2018 2017 2016 2015 2014

Return on Assets 0.0382 0.040 0.04 0.0420 0.04

Book Value per Share 2.77 0.241 - 2.30 -

Earnings per Share 0.25 0.25 - 0.21 -

Basic Earning Power 0.049 0.089 0.06 0.06 -

Accounts Receivable 7.50 10.98 0.86 0.93 -

INDUSTRIAL AVERAGE 2018-2014

RATIO 2018 2017 2016 2015 2014