Page 1 from 21 Company identification ALRO SA Telephone +40 249 434302 +40 21 4083500 Pitesti 116 Fax +40 249 437500 230048 Slatina Olt E-mail alro@alro.ro Romania WEB www.alro.ro Crefo No. 167 Registration No. J28/8/1991 Tax No. RO 1515374 Status Active Solvency index 220 S Solvency index between 151 and 220 means good rating. This class represents low risk in a business partnership, business connections are permissible, minimal credit risk. Solvency index is a very strong and capable early-alarm indicator enabling a fast assessment of solvency of business partners. The higher the solvency index, the higher the risk of default of a client. The solvency index ranges from 100, a very good rating, to 600 where highly negative characteristics are present. Solvency index history 600 500 400 300 200 100 301 300 200 280 150 150 200 200 235 235 210 200 220 220 220 225 220 1998 2002 2004 2007 2009 2011 2013 2015 2017
Page 2 from 21 Economic situation Maximum credit limit 1.000.000 (EUR) Business connection Business connections are permissible (21) Payment behaviour No complaints, but occasional delays (31) Basic information Legal form Joint Stock Co. Registration and changes established on 1961 as Intreprinderea De Aluminiu Slatina State Owned Enterprise Changes Legal form / 29.01.1991 Joint Stock Co. / Alro Sa Owners and Capital / Address / Nationality From Share VIMETCO N.V. AMSTERDAM, Holland Dutch 18/11/2003 84,18978008 % FONDUL PROPRIETATEA SA BUCURESTI SECTORUL 1, Romania Romanian CONEF SA BUCURESTI SECTORUL 4, Romania Romanian PERSOANE JURIDICE N/A PERSOANE FIZICE N/A 21/07/2006 10,029200 % 26/10/2006 3,7689000 % 1,0644000 % 0,9477000 %
Page 3 from 21 Registered capital Currency Value 356.889.568 Management / Address / Status Since Position Aleksandr Barabanov (birth date 08/05/1979) MOSCOVA, BALASHIKHA Rusia Administrator Anikin Artem (birth date 05/05/1983) MOSCOVA Rusia Dobra Gheorghe (birth date 25/02/1959) Romania Gheorghe Serghei (birth date 20/05/1960) BUCURESTI SECTORUL 5 Romania Machitski Pavel (birth date 04/01/1983) BUCURESTI SECTORUL 4 Romania Manaicu Adrian (birth date 10/09/1964) BUCURESTI SECTORUL 4 Romania Nastase Marian-Daniel (birth date 13/05/1972) ORAS VOLUNTARI Romania ERNST & YOUNG ASSURANCE SERVICES SRL BUCURESTI SECTORUL 1 Romania Dobra Gheorghe (birth date 25/02/1959) Romania Nastase Genoveva (birth date 20/01/1975) COMUNA GANEASA Romania Administrator 02/11/2007 Administrator 29/04/2014 Administrator Administrator 29/06/2009 Administrator 07/12/2012 Administrator Auditor 23/08/2007 Director Director Company addresses information
Page 4 from 21 Working points Bucuresti, Str.Splaiul Unirii - Rivergate Center, Nr.64 Subsidiaries Participation of the company Tax No. / Address Share Participations of the company RO 2360405 ALUM SA 99,40260000% RO 1555107 CONEF SA 99,97209000% RO 15436904 VIMETCO EXTRUSION SRL 100,00000000%
Page 5 from 21 Connections Through / Address Position Share CONEF SA RO 3450743 ALCON SA shareholder 0,90280000% FONDUL PROPRIETATEA SA RO 1801848 ALCOM SA shareholder 71,89610000% RO 7436261 BIG TRADE SA shareholder 8,19492000% RO 361579 BRD - GROUPE SOCIETE GENERALE SA shareholder 3,64290000% RO 11062831 RO 26490194 RO 11087755 RO 11776466 COMPANIA NAŢIONALĂ ADMINISTRAŢIA PORTURILOR MARITIME - S.A.CONSTANŢA COMPANIA NATIONALA AEROPORTURI BUCURESTI SA COMPANIA NAŢIONALĂ ADMINISTRAŢIA CANALELOR NAVIGABILE SA COMPANIA NAŢIONALĂ ADMINISTRAŢIA PORTURILOR DUNĂRII MARITIME SA shareholder 20,00000000% shareholder 20,00000000% shareholder 20,00000000% shareholder 7,70000000% RO 1225885 COMSIG SA shareholder 69,94988720% RO 14490379 ENEL DISTRIBUTIE BANAT S.A. shareholder 24,12810000% RO 14500308 ENEL DISTRIBUŢIE DOBROGEA SA shareholder 24,09400000% RO 14507322 ENEL DISTRIBUTIE MUNTENIA SA shareholder 12,00000000% RO 24387371 ENEL ENERGIE MUNTENIA SA shareholder 12,00000000% RO 22000460 ENEL ENERGIE SA shareholder 12,00000000% RO 13093222 ENGIE ROMANIA S.A. shareholder 11,99875300% RO 14506181 FILIALA DE DISTRIBUŢIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUŢIE MUNTENIA NORD SA shareholder 22,00000000% RO 340312 IOR SA shareholder 2,81910000% RO 1113237 MECON SA shareholder 12,51114574% RO 1332822 PALACE SA shareholder 15,42946000% RO 1584200 PRIMCOM SA shareholder 75,48120000% RO 1576401 ROMAERO SA shareholder 21,00000000%
Page 6 from 21 RO 30267310 SOCIETATEA COMPLEXUL ENERGETIC OLTENIA S.A. shareholder 21,55990709% RO 13267213 SOCIETATEA DE PRODUCERE A ENERGIEI ELECTRICE IN HIDROCENTRALE HIDROELECTRICA S.A. shareholder 19,94390030% RO 14493260 SOCIETATEA FILIALA DE DISTRIBUTIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUTIE TRANSILVANIA SUD S.A. shareholder 21,99999811% RO 14476722 SOCIETATEA FILIALA DE DISTRIBUTIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUTIE TRANSILVANIA NORD S.A. shareholder 22,00000991% RO 11212645 SOCIETATEA NAŢIONALĂ AEROPORTUL INTERNAŢIONAL MIHAIL KOGĂLNICEANU-CONSTANŢA SA shareholder 20,00000000% RO 11178217 SOCIETATEA NAŢIONALĂ AEROPORTUL INTERNAŢIONAL TIMIŞOARA-TRAIAN VUIA- SA shareholder 20,00000000% RO 14056826 SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA shareholder 14,99289092% RO 11945506 SOCIETATEA NATIONALA PLAFAR SA shareholder 49,00000000% RO 7212264 TURDAPAN SA shareholder 44,06891000% RO 24689450 WORLD TRADE HOTEL SA shareholder 19,90222222% RO 1291005 ZIROM SA shareholder 100,00000000% Dobra Gheorghe RO 2360405 ALUM SA administrator Machitski Pavel RO 1555107 CONEF SA administrator RO 23260999 VIMETCO MANAGEMENT ROMANIA SRL administrator RO 24018730 VIMETCO TRADING SRL administrator Manaicu Adrian RO 35752804 EDAMER SRL administrator and shareholder RO 18089478 EXEC-EDU-FORMARE CONTINUA administrator MANAGERIALA SRL 100,00000000% RO 16489311 PORSCHE BANK ROMANIA SA administrator
Page 7 from 21 Nastase Marian-Daniel RO 1555107 CONEF SA administrator RO 10363461 D.Z. SECURITIES SRL shareholder 1,17600000% RO 18932171 OCTOGON IMOBILIARE SRL shareholder 47,50000000% RO 23260999 VIMETCO MANAGEMENT ROMANIA SRL administrator RO 24018730 VIMETCO TRADING SRL administrator Business activities Main activity Nace Aluminium production 2442 Legal office and working spaces at the above mentioned address Economic data Turnover and Employees Date Turnover Employees 31.12.2015 2.312.775.379 2.397 31.12.2014 2.022.735.142 2.417 31.12.2013 1.965.336.497 2.485 31.12.2012 2.081.764.001 2.512 31.12.2011 2.241.390.928 2.510 31.12.2010 1.812.185.954 2.502 31.12.2009 1.410.481.647 2.825 31.12.2008 1.968.015.548 3.390 31.12.2007 2.045.525.398 4.306 31.12.2006 2.197.658.651 3.721 31.12.2005 1.610.491.132 3.558 31.12.2004 1.406.449.852 3.618 31.12.2003 985.399.318,3 3.696 31.12.2002 1.035.893.472,1 3.700 31.12.2001 863.208.614,8 3.700 31.12.2000 705.040.231 3.765
Page 8 from 21 Properties According to the Balance Sheet of 31.12.2014 date the company holds real estates with a book value of 612.437.265,00, but we do not have any other details on the type and location of these assets. Supplementary data Banks Financial Institution Alpha Bank Banca Comerciala Romana Banca Romana De Dezvoltare Groupe Societe Generale Eximbank Raiffeisenbank Romania Unicredit Tiriac Bank Branch Slatina Slatina Slatina Slatina Slatina Slatina The subject is registered in the Electronic Archive for Secured Transactions, as having credits at: - Alpha Bank, Slatina - Banca Comerciala Romana, Slatina - Banca Romana De Dezvoltare Groupe Societe Generale, Slatina - Eximbank, Slatina - Raiffeisenbank Romania, Slatina - Unicredit Tiriac Bank, Slatina These credits are guaranteed with cash-flow. Main indices Payment experience and credit opinion Maximum credit limit 1.000.000 (EUR) Business connection Business connections are permissible (21) Payment behaviour No complaints, but occasional delays (31) Negative events According to the information registered at the Ministry of Finance, the company has no overdue debts to the State budget as of 30.09.2016. There are no records related to the subject at the Payment Incidents Bureau (CIP) in the period 17.01.2010-17.01.2017. There are no records related to the subject company in our debt collection department. There are no records related to the subject company at the Insolvency Proceedings Bulletin. The subject company is not registered with legal proceedings opened against it, according to Court Portal.
Page 9 from 21 Balances Assets Incorporation expenses r1 N/A N/A N/A Development expenses r2 N/A 458.791 N/A Concession rights, patents, licences, trademarks, similar rights and assets and other intangible fixed assets r3 N/A 5.714.302 5.353.738 Goodwill r4 N/A N/A N/A Down payments and intangible fixed assets in progress r5 N/A N/A N/A TOTAL INTANGIBLE FIXED ASSETS r6 N/A 6.173.093 5.353.738 Land and buildings r7 N/A 228.028.227 219.316.644 Technical installations and machines r8 N/A 457.550.100 457.656.035 Other installations, machinery and furniture r9 N/A 4.882.018 4.135.375 Down payments and tangible fixed assets in progress r10 N/A 20.213.996 15.527.061 TOTAL TANGIBLE FIXED ASSETS r11 N/A 716.161.458 702.926.039 Shares in subsidiaries r12 N/A 423.644.789 423.644.789 Loans given to subsidiaries r13 N/A N/A N/A Participating interests r14 N/A N/A N/A Loans given to associates r15 N/A N/A N/A Other long term investments r16 N/A 900 900 Other loans r17 N/A N/A N/A TOTAL CAPITAL ASSETS r18 N/A 423.645.689 423.645.689 NON CURRENT ASSETS - TOTAL r19 N/A 1.145.980.240 1.131.925.466 Raw materials and consumables r20 N/A 178.167.362 161.921.205 Work in progress r21 N/A 112.584.537 106.488.844 Finished goods r22 N/A 155.677.145 208.407.814 Down payments on inventory purchases r23 N/A 80.404.527 95.384.766 TOTAL INVENTORIES r24 N/A 446.429.044 572.202.629 Trade receivables r25 N/A 182.730.971 174.700.285 Receivables from subsidiaries r26 N/A N/A N/A Receivables from entities in respect of participating interests r27 N/A N/A N/A Other receivables r28 N/A 171.420.699 174.358.212 Unpaid subscribed capital r29 N/A N/A N/A TOTAL RECEIVABLES r30 N/A 517.725.129 372.828.468 Shares in subsidiaries r31 N/A N/A N/A Other short-term investments r32 N/A N/A N/A TOTAL SHORT-TERM INVESTMENTS r33 N/A N/A N/A PETTY CASH AND BANK ACCOUNTS r34 N/A 141.418.030 175.189.447 CURRENT ASSETS - TOTAL r35 N/A 1.105.572.203 1.120.220.544
Page 10 from 21 PREPAID EXPENSES r36 N/A 5.622.192 39.419.861 TOTAL ASSETS r37 N/A 2.257.174.635 2.291.565.871 Liabilities Debenture loans r38 N/A N/A N/A Amounts payable to credit entities r39 N/A 678.425.271 87.323.319 Down payments received on orders in progress r40 N/A 13.902.226 6.864.447 Commercial debts - suppliers r41 N/A 222.112.244 183.502.693 Commercial bills due r42 N/A 3.683.342 8.076.022 Amounts payable to subsidiaries r43 N/A N/A 31.064.509 Amounts payable to associates in respect of participating interests Other debts, including fiscal debts and amounts payable to social security r44 N/A N/A N/A r45 N/A 98.377.100 36.582.788 TOTAL SHORT-TERM DEBTS r46 N/A 1.017.228.570 353.430.388 NET CURRENT ASSETS/NET CURRENT DEBTS r47 N/A 86.648.252 776.544.169 TOTAL ASSETS MINUS CURRENT DEBTS r48 N/A 1.232.628.492 1.908.469.635 Debenture loans r49 N/A N/A N/A Amounts payable to credit entities r50 N/A 63.031.736 788.871.137 Down payments received on orders in progress r51 N/A N/A N/A Commercial debts - suppliers r52 N/A N/A N/A Commercial bills due r53 N/A N/A N/A Amounts payable to subsidiaries r54 N/A 24.594.506 N/A Amounts payable to associates in respect of participating interests Other debts, including fiscal debts and amounts payable to social security r55 N/A N/A N/A r56 N/A 36.625.046 32.510.556 TOTAL -TERM DEBTS r57 N/A 124.251.288 821.381.693 Provisions for pensions and other similar obligations r58 N/A N/A N/A Provisions for taxes r59 N/A N/A N/A Other provisions r60 N/A 9.055.691 28.687.314 TOTAL DEBTS r61 N/A 1.141.479.858 1.174.812.081 TOTAL PROVISIONS r62 N/A 9.055.691 28.687.314 Grants for investments r63 N/A 15.751.049 14.605.518 deferred income r64 N/A 7.317.573 8.599.025 TOTAL DEFERRED INCOME r65 N/A 23.068.622 23.204.543 Subscribed and paid capital r66 N/A 356.889.568 356.889.568 Subscribed and unpaid capital r67 N/A N/A N/A Assets and liabilities (public sector companies) r68 N/A N/A N/A
Page 11 from 21 TOTAL SHARE CAPITAL r69 N/A 356.889.568 356.889.568 CAPITAL PREMIUM r70 N/A 86.350.891 86.350.891 REVALUATION RESERVES r71 N/A N/A N/A Legal reserves r72 N/A 71.377.914 71.377.914 Statutory or contractual reserves r73 N/A N/A N/A Reserves representing the revaluation reserve surplus r74 N/A N/A N/A Other reserves r75 N/A 229.955.146 235.282.689 TOTAL RESERVES r76 N/A 301.333.060 306.660.603 Own shares r77 N/A N/A N/A Earnings associated to own capital instruments r78 N/A N/A N/A Losses associated to own capital instruments r79 N/A N/A N/A Reported profit or loss (e) Balance account C r80 N/A 434.654.088 325.985.226 Reported profit or loss (e) Balance account D r81 N/A 136.093 136.093 Profit or loss as per the financial year Balance account C Profit or loss as per the financial year Balance account D r82 N/A N/A N/A r83 N/A 108.668.862 24.036.074 Profit distribution r84 N/A N/A N/A SHAREHOLDERS EQUITY - TOTAL r85 N/A 1.083.570.464 1.064.861.933 Public patrimony r86 N/A N/A N/A EQUITY - TOTAL r87 N/A 1.083.570.464 1.064.861.933 TOTAL LIABILITIES r88 N/A 2.257.174.635 2.291.565.871 Profit and Loss Account Net turnover r89 N/A 2.022.735.142 2.312.775.379 Own work sold r90 N/A 2.025.294.491 2.314.881.974 Income from the sale of goods r91 N/A 229.273 245.646 Income from interests made by leasing r92 N/A N/A N/A Income from grants related to income corresponding to net turnover r93 N/A N/A N/A -Balance account C r94 N/A N/A 50.496.086 Balance account D r95 N/A 17.230.644 N/A Production made by the entity for its own purposes and capitalized r96 N/A 53.464.919 45.377.979 Other operating income r97 N/A 4.929.099 9.063.957 OPERATING INCOME - TOTAL r98 N/A 2.063.898.516 2.417.713.401 Expenses on raw materials and consumables r99 N/A 951.370.482 1.047.992.407 Other expenses supplies and materials r100 N/A 52.138.160 50.976.828
Page 12 from 21 Other outsourced expenses (electricity and water) r101 N/A 649.415.142 670.729.903 Expenses on goods r102 N/A 46.483 63.886 Expenses on personnel, of which: r103 N/A 168.736.653 176.323.054 Salaries and benefits r104 N/A 132.758.566 141.867.818 Insurance and social security costs r105 N/A 35.978.087 34.455.236 Adjustments of the value of tangible and intangible fixed assets r106 N/A 56.666.073 65.134.710 Expenses r107 N/A 60.740.380 69.306.987 Income r108 N/A 4.074.307 4.172.277 Adjustments of the value of current assets r109 N/A -22.874.155 4.478.564 Expenses r110 N/A 8.105.536 14.298.330 Income r111 N/A 30.979.691 9.819.766 Other operating costs r112 N/A 203.975.244 213.450.040 Expenses on third party services r113 N/A 106.085.681 131.084.461 Expenses on other taxes, duties and similar charges Expenses on compensations, donations and assigned assets Expenses with refinancing interest rates of leasing entities r114 N/A 12.647.754 9.959.038 r115 N/A 6.689.869 15.042.947 r116 N/A N/A N/A Adjustments of provisions r117 N/A -54.331 19.588.719 Expenses r118 N/A 150.000 21.238.719 income r119 N/A 204.331 1.650.000 OPERATING EXPENSES - TOTAL r120 N/A 2.059.419.398 2.248.738.055 - Profit r121 N/A 4.479.118 168.975.346 - Loss r122 N/A 0 0 Income from participating interests, of which: r123 N/A 840 0 income obtained from subsidiaries r124 N/A N/A N/A
Page 13 from 21 Income from other financial investments and loans which are part of intangible fixed assets (acc. 763), of which: r125 N/A 30.168.493 3.696.966 income obtained from subsidiaries r126 N/A N/A N/A Income from interest rates, of which: r127 N/A 1.513.331 2.408.361 income obtained from subsidiaries r128 N/A 630.393 1.662.192 Other financial income r129 N/A 2.038.078 2.572.874 FINANCIAL INCOME - TOTAL r130 N/A 120.888.397 308.149.732 Value adjustments in respect of capital assets and investments as current assets r131 N/A 26.480.214 N/A Expenses r132 N/A 26.480.214 N/A income r133 N/A N/A N/A Interest expenses r134 N/A 42.670.222 42.544.335 of which, expenses in respect of subsidiaries r135 N/A 5.591.469 5.494.807 Other financial expenses r136 N/A 168.623.015 385.430.815 FINANCIAL EXPENSES - TOTAL r137 N/A 354.145.468 497.409.436 - Financial profit r138 N/A 0 0 - Financial loss r139 N/A 233.257.071 189.259.704 - Current profit r140 N/A N/A N/A - Current loss r141 N/A N/A N/A Extraordinary income r142 N/A N/A N/A Extraordinary expenses r143 N/A N/A N/A - Extraordinary profit r144 N/A N/A N/A - Extraordinary loss r145 N/A N/A N/A TOTAL INCOME r146 N/A 2.184.786.913 2.725.863.133 TOTAL EXPENSES r147 N/A 2.413.564.866 2.746.147.491 - Gross profit r148 N/A -228.777.953-20.284.358
Page 14 from 21 - Gross loss r149 N/A 228.777.953 20.284.358 Income tax r150 N/A -22.841 19.311.675 Other taxes which are not recorded above r151 N/A N/A N/A - Net profit r152 N/A 0 0 - Net loss r153 N/A 108.668.862 24.036.074 Net result r154 N/A -108.668.862-24.036.074 Additional information Outstanding payments-total, of which: - TOTAL r155 N/A N/A N/A Accounts payable outstanding- total, of which: - TOTAL r156 N/A N/A N/A over 30 days - TOTAL r157 N/A N/A N/A over 90 days - TOTAL r158 N/A N/A N/A over 1 year - TOTAL r159 N/A N/A N/A Outstanding payments to social security- total, of which: - TOTAL contributions to social security payable by employers, employees and other assimilated entities - TOTAL contributions to the social health insurance fund - TOTAL contribution to the additional state pension system - TOTAL r160 N/A N/A N/A r161 N/A N/A N/A r162 N/A N/A N/A r163 N/A N/A N/A contributions to the unemployment fund - TOTAL r164 N/A N/A N/A other social liabilities - TOTAL r165 N/A N/A N/A Payments due to special funds and other funds - TOTAL r166 N/A N/A N/A Payments due to other creditors - TOTAL r167 N/A N/A N/A Taxes and fees unpaid to the public budget on the date due - TOTAL Taxes and fees unpaid to the local budget on the date due - TOTAL r168 N/A N/A N/A r169 N/A N/A N/A
Page 15 from 21 Bank credits which were not reimbursed on the date due - total, of which: - TOTAL r170 N/A N/A N/A back payments after 30 days - TOTAL r171 N/A N/A N/A back payments after 90 days - TOTAL r172 N/A N/A N/A back payments after 1 year - TOTAL r173 N/A N/A N/A Past due interest - TOTAL r174 N/A N/A N/A Average number of employees r175 N/A 2.417 2.397 Specific tangible fixed assets Lands r176 N/A 63.680.390 N/A Buildings r177 N/A 548.756.875 N/A Technical installations and machines r178 N/A 1.540.615.758 N/A Amortization r179 N/A N/A N/A Financial Ratios Debt Ratio R1 0,51 0,51 Quick ratio R2 0,65 1,55 Current ratio R3 1,09 3,17 Solvency ratio R4 0,11 0,77 Return on sales ( ROS ) R5 0,00 0,00 Return on assets ( ROA ) R6 0,00 0,00 Return on equity ( ROE ) R7 0,00 0,00 Operating margin, in (%) R8 0,00 0,07 Days supply in inventory R9 80,56 90,30 Days sales in receivables R10 93,42 58,84 Days purchase in payables R11 183,56 55,78 SALES TO TOTAL ASSETS R12 0,90 1,01 OPERATING RESULT /TOTAL ASSETS R13 0,00 0,07 CASH RATIO R14 0,14 0,50 Equity as % of total assets R15 48,01 46,47 Fixed assets as % of total assets R16 50,77 49,40
Page 16 from 21 Receivables as % of current assets R17 46,83 33,28 Net working capital R18 88343633,00 766790156,00 Exchange rate USD 1, = 3,33 EUR 1, = 4,42 USD 1, = 3,35 EUR 1, = 4,44 USD 1, = 4,01 EUR 1, = 4,44 The credit rating index may vary farom 100 to 600 points as follows: 0 new company or no official or other information available 100-150 very good 151-220 good 221-320 average 321-399 strained 400-500 weak 501-600 insufficient
Page 17 from 21 Financial analysis Debt ratio Quick ratio 2.7-0.5 0.0 0.5 1.0 1.5 0.5 0.5 0.5 0.0 0.5 1.0 1.5 2.0 2.5 0.6 1.6 r61 r37 The debt ratio calculates the proportion the total assets is financed from sources other than ones own, such as loans, suppliers or debts to the state (r35 r24) r46 Quick ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Current ratio ( CR ) Solvency ratio 1 2 3 4 5 1.1 3.2 4.8-0.5 0.0 0.5 1.0 1.5 2.0 2.5 0.1 0.8 0.9 r35 r46 Reflecta capacitatea unei companii de a face fata tuturor scadentelor sale, atat pe termen scurt cat si pe termen mediu si lung. r57 r85 The solvency ratio measures the size of a company s after-tax income, excluding non-cash depreciation expenses, as compared to the firm s total debt obligations. It is the company s ability to meet long-term obligations.
Page 18 from 21 Return on sales (ROS) Return on assets (ROA) 0.0 0.5 1.0 0 0 0-0.5 0.0 0.5 1.0 0 0 0 r152 r89 Return on sales (ROS) is net profit as a percentage of sales revenue. ROS is an indicator of profitability and is often used to compare the profitability of companies and industries of differing sizes. r152 r37 ROA measures efficiency of the business in using its assets to generate net income Return on equity (ROE) Operating margin, in % -0.5 0.0 0.5 1.0 0 0 0-0.5 0.0 0.5 1.0 0 0.1 0.1 r152 r85 ROE is the ratio of net income of a business during a year to its shareholders equity during that year. It is a measure of profitability of shareholders investments. r121 r89 A financial measure of a company s performance that gives investors an idea of how long it takes a company to turn its inventory (including goods that are work in progress, if applicable) into sales.
Page 19 from 21 Days supply in inventory Days sales in receivables 180.6 104.4 50 100 150 80.6 90.3 50 60 70 80 90 100 93.4 58.8 (r24 r89) 365 Approximate number of times the stock was run during the financial year. (r30 r89) 365 A financial indicator to measure how many days on average it takes to turn your accounts receivable balance into cash. Therefore it measures the efficiency of your collections policy and department. Days purchase in payables Sales to Total Assets 183.6 50 100 150 55.8 82.7 0.0 0.5 1.0 1.5 0.9 1 0.5 (r46 r89) 365 A financial indicator which shows how long a company is taking to pay its trade creditors. It is typically looked at either quarterly or yearly (90 or 365 days). r89 r37 Sales to total assets (S/TA) ratio shows how much sales are generated per one of assets, or how effectively the company uses its assets.
Page 20 from 21 Operating result / Total assets Cash ratio 1.4-0.5 0.0 0.5 1.0 0 0.1 0-0.5 0.0 0.5 1.0 0.1 0.5 r121 r37 Measures efficiency of the business in using its assets to generate net income. r34 r46 The ratio of a company s total cash and cash equivalents to its current liabilities. The cash ratio is most commonly used as a measure of company liquidity. It can therefore determine if, and how quickly, the company can repay its short-term debt. Equity as % of total assets Fixed assets as % of total assets 20 30 40 50 60 70 80 48 46.5 46.3 20 30 40 50 60 70 80 50.8 49.4 47.5 (r85 r37) 100 The equity ratio is a financial ratio indicating the relative proportion of equity used to finance a company s assets. (r19 r37) 100 The percentage of fixed assets of total assets. Fixed assets are also known as tangible assets or property, plant, and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash.
Page 21 from 21 Receivables as % of current assets Net working capital 973301507 30 40 50 60 70 46.8 33.3 26.1 0e+00 4e+08 8e+08 88343633 766790156 (r30 r35) 100 The percentage of receivables of current assets. Receivables may refer to the amount due from individuals and companies. Receivables are claims that are expected to be collected in cash. r35 r46 The formula for net working capital is used to determine the availability of a company s liquid assets by subtracting its current liabilities.