Acer 2005 Annual Report Download - page 40

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- 35 -
Note 3:
1.Financial Ratio
(1) Total liabilities to Total assets＝Total liabilities ／Total assets
(2) Long-term debts to fixed assets＝Net equity＋Long term debts／Net fixed assets
2.Ability to Pay off Debt
(1) Current ratio＝Current Assets／Current liability
(2) Quick ratio＝Current assets－Inventory－Prepaid expenses／Current liability
(3) Interest protection＝Net income before income tax and interest expense／Interest
expense
3.Ability to Operate
(1) Account receivable (including account receivable and notes receivable from operation)
turnover＝Net sales／the Average of account receivable (including account
receivable and notes receivable from operation) balance
(2) A/R turnover day＝365／account receivable turnover
(3) Inventory turnover＝Cost of Goods Sold／the average of inventory
(4) Account payable (including account payable and notes payable from
operation)turnover＝Cost of goods sold／the average of account payableincluding
account payable and notes payable from operationbalance
(5) Inventory turnover day＝365／Inventory turnover
(6) Fixed assets turnover＝Net sales／Net Fixed Assets
(7) Total assets turnover＝Net sales／Total assets
4.Earning Ability
(1) Return on assets＝PAT＋Interest expense×(１－interest rate)／the average of total
assets
(2) Return on equity＝PAT／the average of net equity
(3) Net income ratio＝PAT／Net sates
(4) EPS ＝ PAT－ Dividend from prefer stock／ weighted average outstanding shares
5.Cash Flow
(1) Cash flow ratio＝Cash flow from operating activities／Current liability
(2) Cash flow adequacy ratio＝Most recent 5-year Cash flow from operating activities／
Most recent 5-year (Capital expenditure＋the increase of inventory＋cash dividend)
(3) Cash investment ratio＝Cash flow from operating activities－cash dividend ／
(Gross fixed assets＋long-term investment＋other assets＋working capital)
6. Leverage
(1) Operating leverage＝(Nest revenue－variable cost of goods sold and operating
expense)／operating income
(2) Financial leverage＝Operating income／(Operating income－interest expenses)