ANNEXURE

(Per cent)

All Companies (321)

SELECTED FINANCIAL RATIOS

1990-91

   1991-92

   1992-93

1

2

3

4

A.

Capital structure ratios

1.

Net fixed assets to total net assets

33.2

32.8

34.0

2.

Net worth to total net assets

35.7

34.2

35.1

3.

Debt to equity

50.4

58.7

57.4

4.

Debt to equity

58.8

70.6

69.1

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

41.5

42.9

45.3

6.

Total outside liabilities to net worth

180.3

192.2

184.9

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.4

1.4

1.4

8.

Quick assets to current liabilities

50.6

52.9

56.8

9.

Current assets to total net assets

63.2

62.9

62.5

10.

Sundry creditors to current assets

28.2

28.1

27.9

11.

Sundry creditors to net working capital

105.0

101.7

97.0

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

113.5

108.3

102.5

13.

Sales to gross fixed assets

191.8

191.7

179.3

14.

Inventories to sales

25.6

25.6

26.4

15.

Sundry debtors to sales

16.4

17.8

20.1

16.

Exports to sales

9.3

9.9

10.2

17.

Gross value added to gross fixed assets

51.1

49.4

45.2

18.

Raw materials consumed to value of production

53.6

54.4

53.9

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

33.9

46.5

20.

Gross capital formation to total uses of funds

55.4

67.1

21.

External sources of funds to total sources of funds

69.7

68.3

22.

Increase in bank borrowings to total external sources

16.3

17.5

23.

Gross savings to gross capital formation

52.9

51.3

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

14.7

14.1

12.5

25.

Gross profits to sales

13.0

13.0

12.2

26.

Profits after tax to net worth

18.9

15.7

12.4

27.

Tax provision to profits before tax

38.2

43.0

42.0

28.

Profits retained to profits after tax

63.8

58.8

53.7

29.

Dividends to net worth

6.8

6.5

5.7

30.

Ordinary dividends to ordinary paid-up capital

25.4

25.7

24.2

Note :

Figures in brackets represent the number of companies

@

Adjusted for revaluation, etc.

*

Item B.7 is the actual ratio of current assets to current liabilities.