Acer 2007 Annual Report Download - page 56

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1. Financial Ratio
(1) Total liabilities to total assets＝Total
liabilities ／Total assets
(2) Long-term funds to fixed assets＝（Net
equity＋Long term debts）／Net xed 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
payable（including account payable and notes
payable from operation）balance
(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 sales　
(4) EPS ＝（PAT－Dividend from prefer stock）
／weighted average outstanding shares
5. Cash Flow
(1) Cash ow ratio＝Cash ow 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 reinvestment ratio＝（Cash ow from
operating activities－cash dividend） ／(Gross
xed 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)