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FFiinnaanncciiaall RReeppoorrtt
((FFiinnaanncciiaall RRaattiioo AAnnaallyyssiiss OOnnllyy))
Company: Gul Ahmed Textile (Pvt) Limited.
BBuussiinneessss FFiinnaannccee
Institute of Business & Technology
Submitted By: Muhammad Tauqeer Ahmad
Submission Date: 2009
g
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Company History
The story of textiles in the subcontinent is the story of Gul Ahmed. The group began trading intextiles in the early 1900s. With all its know-how and experience, the group decided to enter the
field of manufacturing and Gul Ahmed Textile Mills Ltd. was incorporated as a private limitedcompany, in the year 1953. In 1972 it was subsequently listed on the Karachi Stock Exchange.Since then the company has been making rapid progress and is one of the best composite textilehouses in the world. The mill is presently a composite unit with an installed capacity of 130,296spindles, 223 wide width air jet looms, and a state of the art processing and finishing unit.
List of Membership of Trade Bodies and Organization
The Karachi Stock Exchange (Guarantee) Limited. Lahore Stock Exchange (Guarantee) Limited. All Pakistan Textile Mills Association. Pakistan Cotton Fashion Apparel Manufacturers & Exporters Association. All Pakistan Bed sheets & Upholstery Manufacturers Association. Karachi Cotton Association. Chamber of Commerce & Industry, Karachi. Employees Federation of Pakistan. All Pakistan Textile Processing Mills Association
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Horizontal Analysis of Financial Statements,
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Vertical Analysis of Financial Statements,
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Profit And Loss Account, (For the Year Ended June 30, 2009)
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FINANCIAL RATIOS
2009 2008
LIQUIDITY
0.95 0.9
0.39 0.42
ACTIVITY
107 95
66 77
76 61
1.07 1.05
DEBT.
0.77 0.78
1.16 1.27
Current RatioCurrent Assets
Current Liabilities
Quick RatioCurrent Assets-Inventory
Current Liabilities
Inventory Turnover(Days)
Cost of Good Sold
Inventory
Average CollectionPeriod (Days)
Average Accounts Receivable
Average Daily Sales
Average PaymentPeriod (Days)
Accounts Payable
Average Daily Purchasees
Total Asset TurnoverSales
Total Assets
Debt RatioTotal Liabilities
Total Assets
Times Interest EarnedRatio
Earnings before Interest and Taxes
Interest Expense
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FINANCIAL RATIOS
2009 2008
PROFITABILITY
16.81 15.14
13.7 12.5
0.58 0.88
1.45 1.86
0.6 0.83
2.73 3.79
MARKET
26.79 21.51
Gross Profit MarginGross Profits
Sales
Operating Profit MarginOperating Profits
Sales
Net Profit MarginEarnings available for common stockholders
Sales
Earning Per ShareEarnings available for common stockholders
Number of shares of common stockoutstanding
Return On Total AssetsEarnings available for common stockholders
Total Assets
Return On commonEquity
Earnings available for common stockholders
Common stock equity
Price/Earning RatioMarket price per share of common stock
Earning per share
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SummaryAssessment
2009 2008 2009-2008
Liquidity
Current RatioCurrent Assets
0.95 0.9 GoodCurrent Liabilities
Quick RatioCurrent Assets-Inventory
0.39 0.42 PoorCurrent Liabilities
Activity
Inventory Turnover(Days)
Cost of Good Sold107 95 Poor
Inventory
Average CollectionPeriod (Days)
Average Accounts Receivable66 77 Good
Average Daily Sales
Average PaymentPeriod (Days)
Accounts Payable76 61 Poor
Average Daily Purchasees
Total AssetTurnover
Sales1.07 1.05 Poor
Total Assets
Debt.
Debt RatioTotal Liabilities
0.77 0.78 GoodTotal Assets
Times InterestEarned Ratio
Earnings before Interest and Taxes1.16 1.27 Poor
Interest Expense
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Assessment2009 2008 2009-2008
Profitability
Gross ProfitMargin
Gross Profits16.81 15.14 Good
Sales
Operating ProfitMargin
Operating Profits13.7 12.5 Good
Sales
Net Profit MarginEarnings available for common stockholders
0.58 0.88 PoorSales
Earning PerShare
Earnings available for common stockholders1.45 1.86 Poor
Number of shares of common stockoutstanding
Return On TotalAssets
Earnings available for common stockholders0.6 0.83 Poor
Total Assets
Return Oncommon Equity
Earnings available for common stockholders2.73 3.79 Poor
Common stock equity
Market
Price/EarningRatio
Market price per share of common stock26.79 21.51 Good
Earning per share
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