(Per cent)

Item

1998-99

1999-00

2000-01

1

2

3

4

Selected Financial Ratios

A.

Capital structure ratios

1.

Net fixed assets to total net assets

49.4

48.2

46.7

2.

Net worth to total net assets

38.1

38.6

38.6

3.

Debt to equity

70.8

68.4

67.0

4.

Debt to equity

77.0

73.8

71.9

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

76.6

73.6

73.1

6.

Total outside liabilities to net worth

162.6

158.7

158.8

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.3

1.2

1.2

8.

Quick assets to current liabilities

56.6

53.0

54.5

9.

Current assets to total net assets

44.0

42.8

43.6

10.

Sundry creditors to current assets

26.2

28.6

29.1

11.

Sundry creditors to net working capital

125.4

151.0

151.6

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

67.8

70.3

73.9

13.

Sales to gross fixed assets

98.1

100.6

104.8

14.

Inventories to sales

18.8

18.4

17.9

15.

Sundry debtors to sales

18.2

17.9

17.4

16.

Exports to sales

11.0

11.3

12.6

17.

Gross value added to gross fixed assets

23.1

23.3

23.9

18.

Raw materials consumed to value of production

50.0

50.4

50.2

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

(59.0)

53.4

48.9

20.

Gross capital formation to total uses of funds

(60.6)

63.7

60.6

21.

External sources of funds to total sources of funds

(61.6)

59.7

40.4

22.

Increase in bank borrowings to total external sources

(18.1)

14.0

17.0

23.

Gross savings to gross capital formation

(69.9)

76.7

113.4

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

7.3

7.4

7.5

25.

Gross profits to sales

10.7

10.5

10.1

26.

Profits after tax to net worth

6.0

6.3

6.5

27.

Tax provision to profits before tax

32.0

33.2

32.3

28.

Profits retained to profits after tax

48.2

47.6

48.8

29.

Dividends to net worth

3.1

3.3

3.3

30.

Ordinary dividends to ordinary paid-up capital

15.7

17.2

17.7

* Item B.7 is the actual ratio of current assets to current liabilities. @ Adjusted for revaluation, etc. Note : Figures in brackets relate to 1,914 companies for the previous study.