Ratio Analysis

Al Anwar Ceramic Tiles SAOG Co

Name-

Roll No-

Code-
Executive Summary
In this assignment, we have calculated financial ratios of Al Anwar Ceramic Tiles SAOG to gain
meaningful information about a company. The numbers found on company’s financial statement
i.e. balance sheet, income statement and cash flow statement. It is used to carry out quantitative
analysis and evaluate company’s leverage, liquidity, margins, growth and more.

About Al Anwar Ceramic Tiles SAOG Co-

It is established in 1998 at Nizwa, Sultanate of Oman. It is one of the leading distribution

businesses of ceramics, glass and concrete. The company have total of 430 employees across all
of its locations.

Financial Ratios – Al Anwar Ceramic Tiles SAOG

Current ratio

Ratio 2019 2018 2017 2016 2015

Current Ratio=
Current
7.71 8.74 6.72 5.43 5.67
Assets/Current
Liabilities
           
Current Assets 66.3 61.2 55.1 48.3 56.7

Current Liabilities 8.6 7 8.2 8.9 10

Current Ratio= Current Assets/Current

Liabilities
10
9 8.74
8 7.71
7 6.72 Current Ratio= Current
6 5.43 5.67 Assets/Current Liabilities
5
4
3
2
1
0
2019 2018 2017 2016 2015
Acid Test Ratio

Ratio 2019 2018 2017 2016 2015

Acid test ratio 6.302 6.74 5.09 4.18 4.64
           
Current Assets -
54.2 47.2 41.7 37.2 46.4
Inventories
Current Liabilities 8.6 7 8.2 8.9 10

Acid test ratio

8
7 6.74
6.3
6
5.09
5 4.64
4.18 Acid test ratio
4
3
2
1
0
2019 2018 2017 2016 2015

Cash Ratio

Ratio 2019 2018 2017 2016 2015

Cash ratio 0 0 0.16 0.27 0.12
           
Cash & Cash
0 0 1.3 2.4 1.2
equivalents
Current Liabilities 8.6 7 8.2 8.9 10
 Cash ratio
0.3
0.27
0.25

0.2
0.16 Cash ratio
0.15
0.12
0.1

0.05
0 0
0
2019 2018 2017 2016 2015

Debt Ratio

Ratio 2019 2018 2017 2016 2015

Debt Ratio 0.02 0 0 0 0
           
Debt 1.6 0 0 0 0
Equity 98 96.4 98.7 99.9 107.7

Debt Ratio
0.03

0.02
0.02

0.02 Debt Ratio

0.01

0.01

0 0 0 0
0
2019 2018 2017 2016 2015
Debt to equity ratio

Ratio 2019 2018 2017 2016 2015

Debt to equity ratio 0.13 0.11 0.12 0.12 0.13
           
Total Liabilities 12.9 10.5 11.5 11.9 14.3
Shareholder equity 98 96.4 98.7 99.9 107.7

Debt to equity ratio

0.14
0.13 0.13
0.13

0.13
0.12 0.12
0.12 Debt to equity ratio
0.12
0.11
0.11

0.11

0.1
2019 2018 2017 2016 2015

Interest Coverage Ratio

Ratio 2019 2018 2017 2016 2015

Interest Coverage (3
ratio 5.92) - - - -
           
Operating Income 4.67 1.05 4.51 4.36 18.16
(
Interest Expenses
0.13) - - - -
 Interest Coverage ratio
0 0 0 0
0
2019 2018 2017 2016 2015
-5

-10

-15 Interest Coverage ratio

-20

-25

-30

-35
-35.92
-40

Debt Service Ratio

Ratio 2019 2018 2017 2016 2015

Debt Service Ratio
3.59 - - - -
           
Operating Income 4.67 1.05 4.51 4.36 18.16
Total debt service
1.30 - - - -

4.00
3.59
3.50
3.00
2.50
2.00
1.50
1.00
0.50
- - - -
-
2019 2018 2017 2016 2015

Asset Turnover Ratio

Ratio 2019 2018 2017 2016 2015

 Asset Turnover 0.47 0.46 0.49 0.48 0.58

Net sales value 51.6 49.73 54.12 55.7 71.31

Average/Total Assets 108.9 108.55 111 116.9 123.35

Asset Turnover Ratio

0.70

0.60 0.58

0.47 0.49 0.48

0.50 0.46

0.40 Ratio

0.30

0.20

0.10

0.00
2019 2018 2017 2016 2015

Inventory Turnover Ratio

Ratio 2019 2018 2017 2016 2015

Inventory Turnover
2.72 2.63 2.94 3.18 3.29
Ratio

Cost of goods sold 35.5 36.02 35.97 34.07 37.48

Average Inventory 13.05 13.7 12.25 10.7 11.4

 Inventory Turnover Ratio
3.50 3.29
3.18
2.94
3.00 2.72 2.63
2.50

2.00 Inventory Turnover Ratio

1.50

1.00

0.50

0.00
2019 2018 2017 2016 2015

Receivable Turnover Ratio

Ratio 2019 2018 2017 2016 2015

Receivables
0.67 0.95 1.11 0.63 1.02
Turnover Ratio

Net Credit Sales 21.5 21.4 23.7 18.9 22.6

Average A/c
32.2 22.55 21.3 30.2 22.1
receivable
 Receivables Turnover Ratio
1.20 1.11
1.02
1.00 0.95

0.80
0.67 Receivables Turnover Ratio
0.63
0.60

0.40

0.20

0.00
2019 2018 2017 2016 2015

Profit Margin Ratio

Ratio 2019 2018 2017 2016 2015

Profit
Margi 0.31 0.28 0.34 0.39 0.47
n
Profit 16.1 13.71 18.15 21.62 33.82
Net
sales 51.6 49.73 54.12 55.7 71.31

Profit Margin
0.50 0.47
0.45
0.40 0.39
0.35 0.34
0.31
0.30 0.28 Profit Margin
0.25
0.20
0.15
0.10
0.05
0.00
2019 2018 2017 2016 2015
Operating Margin

Ratio 2019 2018 2017 2016 2015

Operatin
0.09 0.02 0.08 0.08 0.25
g Margin

Operatin
4.67 1.05 4.51
g Income
4.36 18.16
Revenue 51.6 49.73 54.12
55.7 71.31

Operating Margin
0.30
0.25
0.25

0.20
Operating Margin
0.15

0.10 0.09 0.08 0.08

0.05
0.02
0.00
2019 2018 2017 2016 2015

Return on Equity

Ratio 2019 2018 2017 2016 2015

Return
on 0.16 0.14 0.18 0.22 0.31
Equity
Net
16.10 13.71 18.15 21.62 33.82
profit
Equity 98 96.4 98.7 99.90 107.70
 Return on Equity
0.35
0.31
0.30

0.25
0.22
0.20 0.18 Return on Equity
0.16
0.15 0.14

0.10

0.05

0.00
2019 2018 2017 2016 2015

Book Value Per Share

Ratio 2019 2018 2017 2016 2015

Book value
0.33 0.33 0.33 0.34 0.36
per share

           
Shareholder'
s equity 107.7
98.00 96.40 98.70 99.90 0

Total
common
shares
outstanding 296.2 296.2 296.2 296.2 296.2
0 0 0 0 0
 Book value per share
0.37
0.36
0.36

0.35

0.34 0.34 Book value per share

0.33
0.33
0.33 0.33
0.32

0.31

0.30
2019 2018 2017 2016 2015

Dividend Yield Ratio

Ratio 2019 2018 2017 2016 2015

Dividen
d Yield 0.06 0.06 0.06 0.06 0.14
Ratio
Dividen
d Per 0.02 0.02 0.02 0.02 0.05
Share
Share
0.33 0.33 0.33 0.34 0.36
Price

Dividend Yield Ratio

0.16
0.14
0.14
0.12
0.10
Dividend Yield Ratio
0.08
0.06 0.06 0.06 0.06
0.06
0.04
0.02
0.00
2019 2018 2017 2016 2015
Earnings Per Share

Ratio 2019 2018 2017 2016 2015

Earnings
0.018 0.007 0.016 0.016 0.057
Per Share

Net
5.26 1.94 4.70 4.69 16.98
Earnings

Total
shares 296.2 296.2 296.2 296.2 296.2
outstandin 0 0 0 0 0
g

Earnings Per Share

0.070

0.060 0.057

0.050

0.040 Earnings Per Share

0.030

0.020 0.018 0.016 0.016

0.010 0.007

0.000
2019 2018 2017 2016 2015

Price Earnings Ratio

Ratio 2019 2018 2017 2016 2015

Price-
earnings 18.33 47.14 20.63 21.25 6.32
ratio
           
Share
0.33 0.33 0.33 0.34 0.36
price
Earning
s per 0.018 0.007
share 0.016 0.016 0.057
 Price-earnings ratio
50.00 47.14
45.00
40.00
35.00
30.00
25.00 21.25
20.63
20.00 18.33
15.00
10.00 6.32
5.00
0.00
2019 2018 2017 2016 2015

Day Payable Ratio

Ratio 2019 2018 2017 2016 2015

Day payable outstanding
(DPO)= (Average
account payable/ cost of
goods sold)*365 31.36 32.43 34.50 40.71 49.18
           
Average Account
payable 3.05 3.2 3.4 3.8 5.05
Cost of goods sold 35.5 36.02 35.97 34.07 37.48

Day payable outstanding (DPO)

60.00
49.18
50.00
40.71
40.00
34.50
31.36 32.43
30.00

20.00

10.00

0.00
2019 2018 2017 2016 2015
Net Working Capital

Ratio 2019 2018 2017 2016 2015

Net Working Capital Requirements

(cash =
equivalents + account receivables + Inventory) -
30.8 31.6 32.2 30.2 25.4
(account payable + accrued operation expense +
note payable)
           

Cash & equivalents + account receivables + Inventory 37.4 37.5 39.3 37.9 32.9
account payable + accrued operation expense + note
payable 6.6 5.9 7.1 7.7 7.5

Working Capital Requirements

35
31.6 32.2
30.8 30.2
30
25.4
25

20

15

10

0
2019 2018 2017 2016 2015
References

DNB¸ 2021. [online] Available at: <https://www.dnb.com/business-

directory/company-
profiles.al_anwar_ceramic_tiles_company_saog.7a87c1423d3bb431b4dfe0add80
19fb5.html> [Accessed 27 March 2021].
Corporate Finance Institute. 2021. Financial Ratios - Complete List and Guide to All
Financial Ratios. [online] Available at:
<https://corporatefinanceinstitute.com/resources/knowledge/finance/financial-
ratios/> [Accessed 27 March 2021].
Investing.com India. 2021. Al Anwar Ceramic Tiles (AACT) Financial Summary -
Investing.com India. [online] Available at: <https://in.investing.com/equities/al-
anwar-cer-til-financial-summary> [Accessed 27 March 2021].
oman building materials. 2021. Al Anwar Ceramics Tile Co. (SAOG) - oman building
materials. [online] Available at: <https://omanbuildingmaterials.com/listing/al-
anwar-ceramics-tile-co-saog/> [Accessed 27 March 2021].
The Balance Small Business. 2021. What Is the Market Price per Share?. [online]
Available at: <https://www.thebalancesmb.com/what-is-the-market-price-per-
share-393220> [Accessed 27 March 2021].
Wsj.com. 2021. AACT.OM | Al Anwar Ceramic Tiles Co. SAOG Financial Statements
- WSJ. [online] Available at: <https://www.wsj.com/market-
data/quotes/OM/AACT/financials> [Accessed 27 March 2021].