| Notations | I. Liquidity Ratios | |
| R1 | Current Ratio | Measures a company’s ability to cover its short-term liabilities with its short-term assets. |
| R2 | Inventory Turnover | Shows how many times a company’s inventory is sold and replaced over a period. |
| R3 | Liquid Assets to Total Assets | Indicates the proportion of a company’s assets that are liquid, meaning they can be easily converted into cash. |
| II. Financial Structure - Leverage Ratios | ||
| R4 | Short-Term Leverage | This is typically a measure of a company’s short-term debt as a proportion of its total capital. |
| R5 | Fixed Assets to Debt Ratio | Indicates the proportion of debt used to finance the company’s fixed assets. |
| R6 | Fixed Assets to Shareholder’s Equity | Measures the portion of equity invested in fixed assets. |
| R7 | Fixed Asset (Net) Ratio | Reflects the proportion of a company’s net fixed assets to its long-term finance. |
| R8 | Foreign Currency Liabilities to Total Debt | Indicates the proportion of debt in foreign currency. |
| R9 | Short-Term Debt to Current Assets | Measures the portion of current assets financed by short-term debt. |
| R10 | Short-Term Debt to Equity | Measures the portion of equity that is used to finance the short-term debts. |
| R11 | Net Debts to EBITDA | Measures a company’s leverage by comparing its total debt minus cash to its earnings before interest, taxes, depreciation, and amortization. |
| III. Assets Usage Ratios/Turnover Ratios | ||
| R12 | Receivables Turnover | Measures how efficiently a company collects its debts. |
| R13 | Inventory Turnover | It is a key measure of inventory efficiency and represents how often a company sells its inventory within a specified time period, usually a year. |
| R14 | Net Working Capital Turnover | Measures how efficiently a company uses its working capital to support sales. |
| R15 | Fixed Asset Turnover | Indicates how efficiently a company is using its fixed assets to generate sales. |
| R16 | Pre-Tax Profit Margin | Represents a company’s profitability before paying taxes. |
| R17 | Efficiency Ratio | Typically, this evaluates a bank’s ability to utilize its assets and liabilities, but the formula can vary depending on context. |
| R18 | Operating Expenses to Average Assets | Measures how efficiently a company’s assets are being used to cover operating expenses. |
| R19 | Net Sales to Short-Term Debts | Indicates the proportion of short-term debts relative to sales. |
| R20 | Net Sales to Average Equity | Reflects how much sales are generated for each unit of average equity. |
| IV. Profitability Ratios | ||
| IV. 1. Ratios Indicating the Relationship Between Profit and Capital | ||
| R21 | Return on Equity | Measures profitability as a function of shareholders’ equity. |
| R22 | Pre-Tax Return on Equity | Measures profitability before tax as a function of shareholders’ equity. |
| R23 | EBITDA to Assets | Reflects the earning capacity of the company’s assets before interest, tax, depreciation, and amortization. |
| R24 | Asset Profitability | Typically measures the return on total assets, assessing a firm’s ability to generate profits from its assets. |
| R25 | Return on Current Assets | Evaluates profitability in relation to the company’s current assets. |
| R26 | EBITDA to Financial Debts | Measures the proportion of a company’s EBITDA relative to its financial debts. |
| R27 | EBITDA to Total Debts | Reflects the earning capacity of a company in relation to its total debts. |
| IV. 2. Ratios Indicating the Relationship Between Profit and Sales | ||
| R28 | Operating Profit Margin | Represents the profitability from primary operations. |
| R29 | Net Profit Margin | Reflects overall profitability. |
| R30 | Interest Expenses to Sales | Indicates the proportion of sales used to cover interest expenses. |
| R31 | Change in Depreciation Expenses | This isn’t a standard ratio but could refer to the annual difference in depreciation expenses. |
| IV. 3. Ratios Indicating the Relationship Between Profit and Financial Liabilities | ||
| R32 | Interest Coverage Ratio | Measures a company’s ability to cover its interest expenses. |
| R33 | Effect of Exchange Rate Changes | Not a typical ratio but might indicate the impact of exchange rate fluctuations on a company’s profit and loss. |
| V. Stock Exchange Performance Ratios | ||
| R34 | Market Value to EBITDA | Compares a company’s market value to its earnings before interest, taxes, depreciation, and amortization. |