Variable

Ratio

Ratio analysis

Profitability ratios

V01

EBITDA margin

(earnings before interest, taxes, depreciation and amortization-EBITDA/sales)*100

V02

EBIT margin

(earnings before interest and taxes-EBIT/sales)*100

V03

ROE

(net income/shareholders funds)*100

V04

ROA

(net income/total assets)*100

Operational ratios

V05

Net assets turnover

sales/(shareholders funds + long term debt)

V06

Interest cover

(earnings before interest and taxes-EBIT/interest expense)

V07

Collection period

(debtors/sales)*360

V08

Credit period

(creditors/sales)*360

Structure ratios

V09

Current ratio

current assets/current liabilities

V10

Liquidity ratio

(current assets − stocks)/current liabilities

V11

Solvency ratio

(shareholders funds/total assets)*100

V12

Gearing

(non current liabilities + loans)/shareholders funds