ASIAN PAINTS LIMITED

NSE: ASIANPAINT

st
March 2019)
All numbers and values are in INR Rs crore

Ratios
Current ratio= Current assets/current liabilities
= 7634.05/5028.87
=1.51
Acid Test = (Total Current assets - inventories)/total
liabilities
=(7634.05-3149.86)/5028.87
=0.88
redit Sales/Accounts receivables
=3.53
Inventory Turnover Ratio = Net Sales/Average
inventori
es
=19591.21/3149.86
=6.2
In days = 360/6.2 = 58.06
Raw Materials Consumption = Raw Materials
Consume
d/
Average RM
=7278.21/799.22
=9.1
In days = 360/9.1= 39.5

Fixed Assets Turnover Ratio = Net Sales/Net Fixed

Assets
= 19575.69/6467.79
= 3.3
Operating Income Return on Investment =
 Operating
Income/Tota
l Assets
=(2211.91/15661.33)*100
=14.12%
Return on Equity=Net Profits after
Taxes/Stake
holder’s
Equity
=(2211.91/9519.69)*100
=23.2%
Price To Earning Ratio=Market Price of
share/Earnin
gs
Per share
=1672.7*90.52/3751.58
=40.34
Financial 3. Capacity/Solvency
ratios
Fw Debt Ratio = Total Debt/Total
assets
= 15778.63/15661.33
=.368
Cash Coverage Ratio
=Operating Income/Interest Expense
=73.56
Debt to equity Ratio= Total
debt/Total Equity
= 15778.63/9519.69
=1.65

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