Transcript
D.G.KHAN CEMENT COMPANY LIMITED
GROUP MEMEBERS
MUHAMMAD ALI MURTAZA
MUHAMMAD AHSAN HASHMI
MUHAMMAD TAHA RIAZ
MUHAMMAD ADEEL
INTRODUCTION
D.G. Khan Cement Company Limited (DGKCC), a unit of Nishat
group, is the largest cement-manufacturing unit in Pakistan
with a production capacity of 14,000 tons per day.
DGKCC has three cement plants, two plants located at Dera
Ghazi Khan and one at Khairpur Distt. Chakwal.
All the plants are based on latest Dry Process Technology.
It is listed on all the Stock Exchanges of Pakistan.
MISSION STATEMENT
To provide quality products to customers and explore
new markets to promote/expand sales of
the Company through good governance and foster a
sound and dynamic team, so as to achieve optimum
prices of products of the Company for sustainable
and equitable growth and prosperity of the Company.
VISION STATEMENT
To transform the Company into a modern and
dynamic cement manufacturing company
with qualified professionals and fully equipped to
play a meaningful role on sustainable basis in the
economy of Pakistan.
RATIO ANALYSIS
Liquidity Ratios
Leverage Ratio
Coverage Ratios
Activity Ratios
Profitability Ratios
LIQUIDITY RATIOS
CURRENT RATIO
YEARS FORMULA RUPEES IN THOUSANDS
RATIOS
2010 CURRENT ASSETS
CURRENT LIABILTY
19,202,591 12,054,718
1.59
2011 CURRENT ASSETS
CURRENT LIABILTY
13,287,592 15,834,799
0.84
2012 CURRENT ASSETS
CURRENT LIABILTY
16,417,492 13,786,189
1.19
2010 2011 20120
0.20.40.60.8
11.21.41.61.8
The above ratio is showing an liquidate position of (D.G.KCC).In 2010 company liquidity position was strong, as compared to 2011 and 2012. In 2011 current assets of company was decreased and current liability increased.so position of liquidity position was not good. But in 2012 company further improve in current assets and liability decreased.
GRAPH & ANALYSIS
ACID TEST RATIO(QUICK)
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 C.A-INVEN C.L
19,202,591 - 445,856 12,054,718
1.49
2011 C.A-INVEN C.L
13,287,592 - 899,836 15,834,799
0.72
2012 C.A-INVEN C.L
16,417,492 - 1,036,876 13,786,189
1.04
2010 2011 20120
0.20.40.60.8
11.21.41.6
GRAPH & ANALYSIS
In the 2010 quick ratio was good.in 2010 the current assets of the company was in better position, that’s why the ratio in well formed. But in 2011 the due to decreasing of current assets impact a great effect on ratio. In 2012 company further improve the condition but due to increase in stock its not satisfied.
LEVRAGE RATIO
DEBT-TO-EQUITY
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 TOTAL DEBTSSHARE HOLDER
EQUITY
9,857,95930,080,257
0.33
2011 TOTAL DEBTSSHARE HOLDER
EQUITY
5,969,80020,918,442
0.29
2012 TOTAL DEBTSSHARE HOLDER
EQUITY
6,740,63426,519,220
0.25
2010 2011 20120
0.050.1
0.150.2
0.250.3
0.35
GRAPH & ANALYSIS
The ratio debt to equity tells that the company was in good position in 2012 as compared to 2011-10, because its show that in 2012 ratio is low and level of firm financing was high, that is being provided by shareholders.
DEBT-TO-TOTAL-ASSETS
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 TOTAL DEBTTOTAL ASSETS
9,857,95951,992,934
18.96%
2011 TOTAL DEBTTOTAL ASSETS
5,969,80042,723,041
13.97%
2012 TOTAL DEBTTOTAL ASSETS
6,740,634 47,046,043
14.33%
2010 2011 20120
5
10
15
20
GRAPH & ANALYSIS
This ratio shows a similar purpose to the debt to equity ratio. tells that the company was in good position in 2011 as compared to 2010-12, because in 2011 the ratio of risk is low.
COVERAGE RATIO
INTREST COVERAGE
YEARS FORMULA RUPEES IN THOUSANDS
(000)
RATIO
2010 EBITINTREST EXP
1,507,581115,218
13.08 TIMES
2011 EBITINTREST EXP
3,383,258222,159
15.23 TIMES
2012 EBITINTREST EXP
2,261,163447,128
5.06 TIMES
2010 2011 201202468
10121416
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011 as in 2011 we are earning 15 times more interest expense that we have to pay. The higher the ratio the grater the likelihood of the company.
ACITVITY RATIO
RECEIVABLE TURNOVER (RT)
YEARS FORMULA RUPEES IN THOUSANDS
RATIOS
2010 NET SALESRECEIVALBES
12,445,99612,445,996
1.00 TIMES
2011 NET SALESRECEVIABLES
18,038,20915,417,272
1.17 TIMES
2012 NET SALESRECEVIALES
16,275,35421,993,721
0.74 TIMES
2010 2011 20120
0.20.40.60.8
11.21.4
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011. as in 2011 we are converting 1.17 times more receivable into cash. The higher the ratio the grater the likelihood of the company.
RECEIVALBE TURNOVER DAYS(ITD)
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 365RT
3651.00
365 DAYS
2011 365RT
3651.17
312 DAYS
2012 365RT
3650.74
493 DAYS
2010 2011 20120
100200300400500600
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011. as in 2011 company receive cash in 312 day.
INVENTORY TURNOVER (IT)
YEARS FORMULS RUPEES IN THOUSANDS
RATIO
2010 C.G.SINVENTORY
10,530,723445,856
23.62 TIMES
2011 C.G.SINVENTORY
12,358,479899,836
18.37 TIMES
2012 C.G.SINVENTORY
13,569,9941,036,876
14.01 TIMES
2010 2011 201205
10152025
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2010 as compared to 2011 and 2012, because company inventory turnover is high so it is more efficient.
INVENTORY TURNOVER (ITD)
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 365IT
36523.62
15.45 DAYS
2011 365IT
36518.37
19.87 DAYS
2012 365IT
36514.01
26.05 DAYS
2010 2011 201205
1015202530
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2010 as compared to 2011 and 2012. Thus, in 2010 rate of turning the inventory in days is faster then 2011 & 2012.
TOTAL ASSETS TURNOVERYEARS FORMULA RUPEES IN
THOUSANDSRATIO
2010 NET SALESTOTAL ASSETS
12,445,99651,992,934
0.24 TIMES
2011 NET SALESTOTAL ASSETS
18,038,20942,723,041
0.42 TIMES
2012 NET SALESTOTAL ASSETS
16,275,35447,046,043
0.35 TIMES
2010 2011 20120
0.10.20.30.40.5
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011 as compared to 2010 and 2012. In 2011 the ratio tell us relative efficiency with which a firms utilizes its total assets to generate sales.
PROFITABILITY RATIOS
NET PROFIT MARGIN RATIO
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 Net profit Net sales
53,23012,445,996
0.43%
2011 Net profit Net sales
525,58118,038,209
2.91%
2012 Net profit Net sales
233,02216,275,354
1.43%
2010 2011 20120
0.51
1.52
2.53
3.5
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011 as compared to 2010 and 2012. In 2011 the profit of the company increases.
RETURN ON INVESTMENT
YEARS FORMULA RUPEES IN THOUSANDS
PERCENT AGE
2010 EATTOTAL ASSETS
53,23051,992,934
0.10%
2011 EATTOTAL ASSETS
525,58142,723,041
1.23%
2012 EATTOTAL ASSETS
233,02247,046,043
0.50%
2010 2011 20120
0.20.40.60.8
11.21.4
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011 as compared to 2010 and 2012. Because in 2011 the return on investment is high.
RETURN ON EQUITY
YEARS FORMULA RUPEES IN THOUSANDS
RATIO
2010 EAT*100TOTAL EQUITY
(53,230)*10030,080,257
0.18%
2011 EAT*100TOTAL EQUITY
525,581*10020,918,442
2.51%
2012 EAT*100TOTAL EQUITY
233,022*10026,519,220
0.88%
2010 2011 20120
0.51
1.52
2.53
GRAPH & ANALYSIS
This ratio shows that a company is in strong position in 2011 as compared to 2010 and 2012. Because in 2011 the return on equity is high.
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