TIDE WATER OIL CO LTD.

Profitability Ratio 2018 2017 2016

R1 Gross profit margin = Gross profit/ revenue

Gross profit 5,103,800 4,502,000 4,369,800
Revenue 13,123,200 13,003,000 10,564,500
Gross profit margin 38.89% 34.62% 41.36%

R2 Operating profit margin = operating margin/revenue

Operating margin 1,302,300 1,261,800 1,234,700
Revenue 13,123,200 13,003,000 10,564,500
Operating profit margin 9.92% 9.70% 11.69%

R3 Net profit margin = net profit/ revenue

Net profit 1,068,400 1,152,800 904,100
Revenue 13,123,200 13,003,000 10,564,500
Net profit margin 8.14% 8.87% 8.56%

R4 Return on assets = net profit/ total assets

Net profit 1,068,400 1,152,800 904,100
Total assets 9,485,600 9,230,800 8,351,200
Return on assts 11.26% 12.49% 10.83%

R5 Return on equity = Net profit/ share holders equity

Net profit 1,068,400 1,152,800 904,100
Share holdres equity 6,503,400 6,395,000 5,346,800
Return on equity 16.43% 18.03% 16.91%

Levrage Ratio

R6 Debt and equity = Total liabilities/ shareholders equity

Total liabilities 2,982,200 2,835,800 3,004,400
Shareholders equity 6,503,400 6,395,000 5,346,800
Debt and equity ratio 0.45856014 0.44344019 0.56190619

R7 Interest covrage = operating profit / annual interest charges

Operating profit 1,302,300 1,261,800 1,234,700
Annual interest charges 177,900 185,400 168,600
Interest coverage 7.32040472 6.80582524 7.3232503

Liquidity Ratio

R8 Current ratio = current assets/ current liabilities

Current assets 6,231,200 5,886,100 6,266,300
 Current liabilities 2,541,700 2,374,100 2,524,900
Current ratio 2.45158752 2.47929742 2.48180126

R9 Quick ratio = current assets - inventory/ current liabilities

Current assets 6,231,200 5,886,100 6,266,300
Inventory 1,894,400 2,014,600 1,618,600
Current liabilities 2,541,700 2,374,100 2,524,900
Quick ratio 1.70625959 1.63072322 1.84074617

Efficiency Ratio

R10 DII(Days in inventory) = Average inventory/ (COGS/Days)

Averge inventory 1954500 1816600 1589650
Cost of Revenue 7,643,100 6,795,800 6,194,700
Days 360 360 360
Days in inventory 92 96 92

R11 Days sales outstanding = Ending A/R / (Revenue/days)

Ending A/R 1,887,400 1,983,400 1,723,600
Revenue 13,123,200 13,003,000 10,564,500
Days 360 360 360
Days sales outstanding 51 55 59

R12 Days payable outstanding = ending A/P / (COGS/days)

Ending A/P 1,834,400 1,682,500 1,437,800
Cost of Revenue 7,643,100 6,795,800 6,194,700
Days 360 360 360
Days payable outstanding 86 89 83

R13 Property Plant Equipment turnover = Revenue / PPE

Revenue 13,123,200 13,003,000 10,564,500
PPE 1,239,400 1,098,500 985,100
Property Plant Equipment turnover 10.5883492 11.8370505 10.724292

R14 Total assets turnover = Revenue / total assets

Revenue 13,123,200 13,003,000 10,564,500
Total assets 9,485,600 9,230,800 8,351,200
Total assets turnover 1.38348655 1.40865364 1.26502778
 2015 2014 2013 2012 2011 2010 2009 2008 2007

3,058,500 2,881,800 2,868,000 2,525,300 2,681,900 2,300,900 2,019,300 1,484,026 978,965

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674
29.49% 29.63% 31.97% 31.51% 38.78% 40.74% 37.78% 34.27% 26.96%

2,079,300 804,100 847,400 774,800 883,200 838,600 425,300 326,164 140,318

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674
20.05% 8.27% 9.45% 9.67% 12.77% 14.85% 7.96% 7.53% 3.86%

1,585,500 648,100 629,100 579,200 641,600 577,900 275,500 231,776 89,699

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674
15.29% 6.66% 7.01% 7.23% 9.28% 10.23% 5.15% 5.35% 2.47%

1,585,500 648,100 629,100 579,200 641,600 577,900 275,500 231,776 89,699

7,379,200 6,038,900 5,322,500 4,650,600 3,955,700 3,091,200 2,985,200 2,468,097 2,078,604
21.49% 10.73% 11.82% 12.45% 16.22% 18.70% 9.23% 9.39% 4.32%

1,585,500 648,100 629,100 579,200 641,600 577,900 275,500 231,776 89,699

4,994,800 3,818,900 3,547,200 3,072,100 2,615,700 2,036,300 1,510,800 1,266,844 1,056,454
31.74% 16.97% 17.74% 18.85% 24.53% 28.38% 18.24% 18.30% 8.49%

2,384,400 2,220,000 1,775,300 1,578,500 1,340,000 1,054,900 1,474,400 1,201,252 1,022,150

4,994,800 3,818,900 3,547,200 3,072,100 2,615,700 2,036,300 1,510,800 1,266,844 1,056,454
0.47737647 0.581319 0.500479 0.513818 0.512291 0.518047 0.975907 0.948224 0.967529

2,079,300 804,100 847,400 774,800 883,200 838,600 425,300 326,164 140,318

92,000 76,900 38,900 14,500 17,800 11,100 (21,000) (448) (23,128)
22.601087 10.45644 21.78406 53.43448 49.61798 75.54955 -20.2524 -728.045 -6.06702

5,396,300 4,779,000 3,858,000 3,150,900 3,219,600 2,306,500 2,542,300 2,165,702 1,849,904

 1,937,500 1,933,000 1,505,100 1,337,200 1,314,200 1,028,600 1,431,000 1,129,111 867,387
2.7851871 2.472323 2.563285 2.356342 2.449855 2.242368 1.77659 1.918059 2.132732

5,396,300 4,779,000 3,858,000 3,150,900 3,219,600 2,306,500 2,542,300 2,165,702 1,849,904

1,560,700 1,975,600 1,573,500 1,663,800 1,683,800 1,301,300 744,100 947,928 675,439
1,937,500 1,933,000 1,505,100 1,337,200 1,314,200 1,028,600 1,431,000 1,129,111 867,387
1.97966452 1.450285 1.517839 1.1121 1.16862 0.977251 1.256604 1.078525 1.354027

1768150 1774550 1618650 1673800 1492550 1022700 846014 811683.5 804729

7,313,900 6,843,600 6,102,200 5,488,000 4,155,500 3,334,300 3,271,200 2,799,983 2,615,316
360 360 360 360 360 360 360 360 360
87 93 95 110 129 110 93 104 111

1,782,000 1,758,800 1,435,500 834,500 48,000 4,200 4,300 362,252 377,073

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674
360 360 360 360 360 360 360 360 360
62 65 58 37 2 0 0 30 37

1,113,600 1,295,000 1,053,700 1,019,300 878,500 135,300 159,000 101,580 161,185

7,313,900 6,843,600 6,102,200 5,488,000 4,155,500 3,334,300 3,271,200 2,799,983 2,615,316
360 360 360 360 360 360 360 360 360
56 68 62 67 76 15 17 13 22

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674

923,400 707,200 717,500 755,800 728,900 774,800 410,900 268,517 209,929
11.2328352 13.75198 12.50202 10.60241 9.487584 7.288591 13.00681 16.12934 17.29953

10,372,400 9,725,400 8,970,200 8,013,300 6,915,500 5,647,200 5,344,500 4,331,003 3,631,674

7,379,200 6,038,900 5,322,500 4,650,600 3,955,700 3,091,200 2,985,200 2,468,097 2,078,604
1.40562663 1.610459 1.685336 1.723068 1.748237 1.826863 1.790332 1.754794 1.74717
PROFITABILITY RATIO

GROSS PROFIT MARGIN OPERATING

45.00% 25.00%
40.00%
35.00% 20.00%
30.00%
25.00% 15.00%
Row 8
20.00%
Axis Title Axis Title 10.00%
15.00%
10.00% 5.00%
5.00%
0.00% 0.00%
201820172016201520142013201220112010200920082007 2018
2017
2016
2015
2

NET PROFIT MARGIN RETUR

18.00% 25.00%
16.00%
14.00% 20.00%
12.00%
15.00%
10.00% Row 18
8.00%
Axis Title Axis Title 10.00%
6.00%
4.00% 5.00%
2.00%
0.00% 0.00%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007 2018
2017
2016
2015
2

RETURN ON EQUITY
35.00%
30.00%
25.00%
20.00%
Row 28
Axis Title 15.00%
10.00%
5.00%
0.00%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
 20.00%
Row 28
Axis Title 15.00%
10.00%
5.00%
0.00%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007

LEVERAGE RATIO

DEBT & EQUITY RATIO IN

1.2
200
1
100
0.8 0
2018201
Row 35 -100
0.6
-200
Axis Title
0.4 Axis Title -300
-400
0.2
-500
0 -600
201820172016201520142013201220112010200920082007
-700
-800

LIQUIDITY RATIO

CURRENT RATIO
3 2.5

2.5 2

2
1.5
1.5 Row 47
Axis Title Axis Title 1
1
0.5
0.5

0 0
201820172016201520142013201220112010200920082007 2018201720

EFFICIENCY RATIO
 DAYS IN INVENTORY DAYS
140
70
120
60
100
50
80
Row 61 40
Axis Title 60
Axis Title 30
40
20
20
10
0
201820172016201520142013201220112010200920082007 0
2018201720

DAYS PAYABLE OUTSTANDING PROPERTY PL

100
20
90
18
80
16
70
14
60
Row 73 12
50
10
Axis Title 40
Axis Title 8
30
6
20
4
10
2
0
201820172016201520142013201220112010200920082007 0
2018201720
 OPERATING PROFIT MARGIN
25.00%

20.00%

15.00%
Row 13
Axis Title 10.00%

5.00%

0.00%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007

RETURN ON ASSETS
25.00%

20.00%

15.00%
Row 23
Axis Title 10.00%

5.00%

0.00%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
 INTEREST COVERAGE
200
100
0
201820172016201520142013201220112010200920082007
-100
-200 Row 40
Axis Title -300
-400
-500
-600
-700
-800

QUICK RATIO
2.5

1.5
Row 53
Axis Title 1

0.5

0
201820172016201520142013201220112010200920082007
 DAYS SALES OUTSTANDING TOTAL A
70 2
1.8
60
1.6
50 1.4
40 1.2
Row 67 1
Axis Title 30 Axis Title 0.8
20 0.6
0.4
10
0.2
0 0
201820172016201520142013201220112010200920082007 201820172016201

PROPERTY PLANT EQUIPEMENT TURNOVER

20
18
16
14
12
10 Row 78
Axis Title 8
6
4
2
0
201820172016201520142013201220112010200920082007
 TOTAL ASSETS TURNOVER
2
1.8
1.6
1.4
1.2
1 Row 83
Axis Title 0.8
0.6
0.4
0.2
0
201820172016201520142013201220112010200920082007