National Tubes limited
Ratio Analysis-2011

Liquidity ratio
1) Current ratio=current asset/current liabilities =TK 862,151,015/TK 447,752,592 =1.93:1
2) Acid test ratio= (current asset-Stock of goods sold)/current liabilities = (TK 862,151,015-TK 328,950,804)/TK 447,752,592 =1.19:1
3) Working capital=Current assets-current liabilities =TK 862,151,015-TK 447,752,592 =TK 414,398,423
4) Cash conversion cycle=Days Sales Outstanding+ days in inventory-average payment period =80.18 Days+408.73 Days-24.25 Days =464.66 days

Asset management ratio
1) Inventory turnover ratio=cost of goods sold/stock of goods sold =TK 293,681,698/TK 328,950,804 =0.893
Days in inventory=365 Days/inventory turnover ratio =365 Days/0.893 =408.73 days
2) Total asset turnover ratio=Sales/total assets =TK 330,916,762/TK (862,151,015+50,673,200) =0.363
3) Fixed asset turnover ratio=Sales/Fixed asset =TK 330,916,762/TK 50,673,200 =6.53
4) Days sales outstanding=Account receivable/ (Sales/365 Days) =TK 72,695,642/ (TK 330,916,762/365 Days) =80.18 Days
5) Average Payment period=Accounts Payable/ (Cost of goods sold/365 Days) =TK 1, 95,