SAKU ÕLLETEHASE AS

ANNOUNCEMENT

24.08.99

 

 

 

Appendix 11.  Financial ratios                                                                   

                                                                                             

                                          Group                       Parent

                                      Q2 1999 Q2 1998 H1 1999 H1 1998 Q2 1999 Q2 1998 H1 1999 H1 1998

                                                                                             

Operating profit/Net sales               14.0%  16.0%  11.3%  13.4%     14.0%  15.5%  11.1%  11.0%

EBIT/Net sales                           13.7%  16.3%  11.5%  14.4%     13.7%  15.9%  11.2%  11.8%

Days sales outstanding (days)            16,3   18,8   20,8   24,7      16,0   16,9   20,2   19,1

Days payable (days)                      14,3   11,9   12,9   11,5      14,2   11,2   12,7    9,0

Total assets turnover                     3,3    2,8    5,8    4,5       3,3    2,9    5,9    5,7

Current Ratio                             2,9    4,6    3,3    4,9       2,9    4,6    3,3    5,1

Acid Test                                 1,5    2,7    1,9    3,0       1,5    2,8    1,9    3,1

ROA                                      6.6%   6.0%   8.9%   8.1%      6.6%   6.0%   8.9%   8.1%

ROE                                      8.3%   7.1%  11.0%   9.5%      8.3%   7.2%  11.0%   9.5%

Debt Ratio                              25.9%  19.1%  22.7%  17.6%     25.8%  19.1%  22.6%  17.1%

                                                                                             

Days sales outstanding = number of days * accounts receivable/ net sales

Days payable = (number of days * accounts payable) / expenses

Total assets turnover = net sales  /  average inventory

Current ratio = current assets / current liabilities

Acid Test = (current assets - inventories – prepayments)/ current liabilities

Return on assets = net profit / average total assets

Return on Equity = net profit / average owners' equity

Debt ratio = Average foreign capital / average owners' equity

 

* all accounts are calculated as follows: (beginning of period + end of period) : 2