Name: Behroz Tariq

Roll no.= 19-NTU-BA-1321

Class: BBA-A
Financial ratio Analysis of PSO of 5 years (from 2016-2020)
Submitted to Sir Dr. Zia Ur Rehman

Balance Sheet

Regular
2020 2019 2018
ASSETS

Non-current assets
Property, plant and equipment 9,993,564 8,187,159 7,327,476
Right-of-use assets 4,735,815 - -
Intangibles 82,930 52,193 19,732
Long-term investments 16,190,758 11,439,851 4,783,585
Long-term loans, advances and other receivables 454,612 347,003 398,525
Long-term deposits and prepayments 207,272 331,300 322,578
Deferred tax asset - net 17,148,771 12,496,742 11,709,058
48,813,722 32,854,248 24,560,954
Current assets
Stores, spares and loose tools 538,631 474,209 239,981
Stock-in-trade 57,214,768 89,665,031 81,615,455
Trade debts 196,759,839 219,586,332 245,577,071
Loans and advances 414,315 234,734 1,919,400
Short-term deposits and prepayments 2,559,442 3,190,303 3,227,812
Current maturity of long - term investments - - -
Mark-up / interest receivable on investments - - -
Other receivables 23,790,569 57,955,771 33,017,635
Taxation - net 7,718,188 8,525,756 7,767,381
Cash and bank balances 3,908,652 4,593,141 4,636,643

Net assets in Bangladesh 292,904,404 384,225,277 378,001,378

TOTAL ASSETS 341,718,126 417,079,525 402,562,332

EQUITY AND LIABILITIES

Equity
Share capital 4,694,734 3,912,278 3,260,232
Reserves 108,366,267 115,268,409 107,192,243
113,061,001 119,180,687 110,452,475
Non-current liabilities
Retirement and other service benefits 5,989,347 7,527,709 5,165,024
Lease liabilities 4,314,789 - -
Other payable 1,359,627 - -
11,663,763 7,527,709 5,165,024
Current liabilities
Trade and other payables 147,460,348 180,042,553 192,145,744
Unclaimed dividend 1,355,064 1,739,860 3,443,218
Unpaid dividend - 103,297 221,587
Provisions 490,972 490,972 490,972
Accrued interest / mark-up 1,216,690 1,017,317 796,795
Short-term borrowings 66,433,196 106,977,130 89,846,517
Current portion of lease liabilities 37,092 - -

Contingencies and commitments 216,993,362 290,371,129 286,944,833

TOTAL EQUITY AND LIABILITIES 341,718,126 417,079,525 402,562,332

Loss and Profit Account

Regular
2020 2019 2018

Net sales 1,108,357,723 1,154,297,980 1,056,900,563

Cost of products sold -1,096,130,521 -1,118,280,614 -1,017,264,455
Gross profit 12,227,202 36,017,366 39,636,108

Other income 10,210,206 7,352,747 7,497,201

Operating costs
Distribution and marketing expenses -11,489,637 -9,911,519 -9,159,330
Administrative expenses -3,148,037 -2,502,230 -2,769,667
Reversal / (provision) for impairment on financial assets 169,215 -306,373
Other expenses 30 -220,046 -4,393,102 -3,334,100
-14,688,505 -17,113,224 -15,263,097

Profit from operations 7,748,903 26,256,889 31,870,212

Finance costs -13,427,312 -8,986,552 -5,123,344
Share of profit of associates - net of tax 544,390 206,503 413,612
Profit before taxation -5,134,019 17,476,840 27,160,480
Taxation -1,331,533 -6,890,287 -11,699,223
Profit for the year -6,465,552 10,586,553 15,461,257

Earnings per share - basic and diluted 13.77 23 47.42

Financial Ratios 2020 2019 2018

Liquidity Ratios
Current ratio 1.35 1.32 1.32
Quick ratio 1.09 1.01 1.03
Profitability Ratios
Gross profit ratio 1.1 3.12 3.73
Net (loss) / profit ratio -0.58 0.92 1.45
Return on shareholders' equity -5.72 8.88 14
Return on capital employed -3.19 4.97 7.13
Activity/Turnover Ratios
Inventory turnover ratio 14.93 13.06 13.84
No. of days in inventory 25 28 26
Debtor turnover ratio 6.25 5.77 5.73
No. of days in receivables 59 63 64
Total asset turnover ratio 3.43 3.27 3.3
Leverage
Financial leverage ratio 59 90 81
Coverage
Interest cover ratio 0.62 2.94 6.3

Activity/Turnover Ratios
80
70
60
50
40
30
20
10
0
Financi
2020 2019 2018 2017 2016
140
Inventory turnover ratio No. of days in inventory Debtor turnover ratio
No. of days in receivables Total asset turnover ratio 120

100
Interest cover ratio 80
7
6.3 60
5.95
6
40
5 20
4 0
3.28 2020 2019
2.94
3

1
0.62

0
2020 2019 2018 2017 2016
2

1
0.62

0
2020 2019 2018 2017 2016

Source: https://psopk.com/en/investors/results-reporting/financial-reports
gular Common Size (%)
2017 2016 2020 2019 2018 2017 2016

6,944,509 6,607,396 2.924505 1.962973 1.820209 1.769559 1.930204

- - 1.385883 - - - -
29,409 47,329 0.024269 0.012514 0.004902 0.007494 0.013826
4,388,257 50,132,753 4.738045 2.742846 1.188284 1.11819 14.64517
411,777 346,639 0.133037 0.083198 0.098997 0.104927 0.101263
196,816 219,790 0.060656 0.079433 0.080131 0.050151 0.064207
11,912,602 10,788,227 5.018397 2.996249 2.908632 3.035499 3.151541
23,883,370 68,142,134 14.28479 7.877214 6.101156 6.085819 19.90621

203,542 218,978 0.157624 0.113698 0.059613 0.051865 0.06397

66,333,048 50,834,033 16.74326 21.49831 20.27399 16.9026 14.85003
212,619,281 178,271,018 57.57957 52.64855 61.00349 54.17839 52.07792
1,873,942 1,896,038 0.121245 0.05628 0.476796 0.477507 0.553885
5,788,052 2,671,725 0.748992 0.764915 0.801817 1.474877 0.780485
43,954,641 - - - - 11.20026 -
2,258,196 2,251,290 - - - 0.57542 0.657664
22,925,566 26,125,589 6.962045 13.89562 8.201869 5.841757 7.632011
8,472,290 6,168,926 2.258642 2.044156 1.929485 2.158859 1.802115
4,131,036 5,736,213 1.143823 1.101263 1.151783 1.052646 1.675707

368,559,594 274,173,810 85.71521 92.12279 93.89884 93.91418 80.09379

392,442,964 342,315,944 100 100 100 100 100

2,716,860 2,716,860 1.373862 0.938017 0.80987 0.692294 0.79367

100,132,742 88,864,465 31.71218 27.63703 26.62749 25.51523 25.95978
102,849,602 91,581,325 33.08604 28.57505 27.43736 26.20753 26.75345

8,089,633 6,234,132 1.752716 1.804862 1.283037 2.061353 1.821163

 - - 1.262675 - - - -
- - 0.39788 - - - -
8,089,633 6,234,132 3.41327 1.804862 1.283037 2.061353 1.821163

146,269,601 137,887,407 43.15263 43.16744 47.73068 37.27156 40.28074

2,784,318 - 0.396544 0.417153 0.855325 0.709483 -
193,542 - - 0.024767 0.055044 0.049317 -
490,972 688,512 0.143677 0.117717 0.121962 0.125107 0.201133
1,266,793 811,639 0.356051 0.243914 0.197931 0.322797 0.237102
130,498,503 105,112,929 19.44093 25.6491 22.31866 33.25286 30.70641
- - 0.010855 - - - -

281,503,729 244,500,487 63.50069 69.62009 71.2796 71.73112 71.42539

392,442,964 342,315,944 100 100 100 100 100

gular Common Size (%)

2017 2016 2020 2019 2018 2017 2016

878,146,786 677,939,877 100 100 100 100 100

-840,948,073 -655,414,551 98.89682 96.87972 96.24978 95.76395 96.67739
37,198,713 22,525,326 1.103182 3.120283 3.750221 4.236047 3.322614

10,744,932 12,798,264 0.921201 0.636989 0.709357 1.223592 1.887817

-8,822,106 -8,088,492 1.036636 0.858662 0.866622 1.004628 1.193099

-2,478,797 -2,422,738 0.284027 0.216775 0.262056 0.282276 0.357368
0.015267 0.026542 - - -
-1,980,999 -1,986,064 0.019853 0.380586 0.31546 0.225589 0.292956
-13,281,902 -12,497,294 1.325249 1.482566 1.444137 1.512492 1.843422

34,661,743 22,826,296 0.699134 2.274706 3.015441 3.947147 3.367009

-5,923,256 -7,149,592 1.21146 0.77853 0.484752 0.674518 1.054606
608,380 612,504 0.049117 0.01789 0.039134 0.06928 0.090348
29,346,867 16,289,208 0.46321 1.514067 2.569824 3.341909 2.402751
-11,121,242 -6,016,078 0.120136 0.596924 1.106937 1.266445 0.887406
18,225,625 10,273,130 0.583345 0.917142 1.462887 2.075465 1.515345

55.9 37.81

2017 2016 Liquidity Ratios

1.6
1.4
1.2
1
 Liquidity Ratios
1.6
1.31 1.12 1.4
1.07 0.91 1.2
1
4.23 3.32
0.8
2.08 1.52
17.72 11.22 0.6

8.48 5.39 0.4

0.2
14.36 11.99 0
25 30 2020 2019 2018 2017 2016

5.61 5.05 Current ratio Quick ratio

65 72
2.98 2.65 Profitability Ratios
20
127 115
15
5.95 3.28
10

0
2020 2019 2018 2017 2016
-5

-10

Gross profit ratio Net (loss) / profit ratio

Return on shareholders' equity Return on capital employed

Financial leverage ratio

0 2019 2018 2017 2016

financial-reports
 Indexed (%)
2020 2019 2018 2017 2016
(Base-year)

151.2481 123.909 110.8981 105.1021 100

- - - - 100
175.2203 110.277 41.69114 62.13738 100
32.29577 22.81912 9.541836 8.753274 100
131.1485 100.105 114.9683 118.7913 100
94.30456 150.7348 146.7665 89.5473 100
158.9582 115.8368 108.5355 110.4222 100
71.63515 48.21429 36.04371 35.04934 100

245.9749 216.5555 109.5914 92.95089 100

112.5521 176.3878 160.5528 130.4894 100
110.3712 123.1756 137.7549 119.2674 100
21.85162 12.38024 101.2321 98.83462 100
95.79736 119.4099 120.8138 216.641 100
- - - - 100
- - - 100.3068 100
91.06233 221.8353 126.3804 87.75138 100
125.114 138.2049 125.9114 137.3382 100
68.13994 80.07271 80.83108 72.01678 100

106.8316 140.1393 137.8693 134.4255 100

99.82536 121.8405 117.5996 114.6435 100

172.8 144 120 100 100

121.9456 129.7126 120.6244 112.6803 100
123.4542 130.1365 120.6059 112.3041 100

96.07347 120.7499 82.85073 129.7636 100

 - - - - 100
- - - - 100
187.0952 120.7499 82.85073 129.7636 100

106.9426 130.5722 139.3497 106.079 100

- - - - 100
- - - - 100
71.30914 71.30914 71.30914 71.30914 100
149.9053 125.3411 98.17111 156.0784 100
63.20174 101.7735 85.47618 124.1508 100
- - - - 100

88.74966 118.761 117.3596 115.1342 100

99.82536 121.8405 117.5996 114.6435 100

Indexed(%)
2020 2019 2018 2017 2016
(Base Year)
163.4891 170.2655 155.8989 129.5317 100
167.2423 170.6219 155.2093 128.3078 100
54.28202 159.8972 175.9624 165.1417 100
100
79.77805 57.45113 58.57983 83.95617 100
100
142.0492 122.5385 113.239 109.0698 100
129.9372 103.2811 114.3197 102.3139 100
- - - - 100
11.0795 221.1964 167.8748 99.74497 100
117.5335 136.9354 122.1312 106.2782 100
100
33.94726 115.0291 139.6206 151.8501 100
187.8053 125.6932 71.65925 82.84747 100
88.87942 33.71456 67.52805 99.3267 100
-31.51792 107.2909 166.7391 180.1614 100
22.13291 114.5312 194.4659 184.8587 100
-62.93653 103.0509 150.5019 177.4106 100
017 2016

017 2016

ofit ratio
tal employed