Asus 2009 Annual Report Download - page 87

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83
2006 Ming-Yu Lee, Mushen Chen Modified unqualified
2007 Ming-Yu Lee, Chih-Huei Yang Modified unqualified
2008 Ming-Yu Lee, Chih-Huei Yang Modified unqualified
2009 Hsin-Fu Yen, Jui-Lan Lo Modified unqualified
II. Financial analysis in the past five years
Year
Item (Note 2)
Financial analysis in the past five years As of
March 22,
2010
(Note 5)
2005
(adjusted)
2006
(adjusted)
2007
(adjusted)
2008
(Note 10) 2009
Financial
structure

Ratio of liabilities to assets 46.63 56.14 46.97 24.16 24.35 -
Ratio of long-term capital to fixed
assets 1369.54 1601.39 2040.88 3,550.99 4,052.73 -
Solvency
(%)
Current ratio (%) 139.62 125.46 150.80 185.45 187.28 -
Quick ratio (%) 83.73 77.60 105.90 126.91 154.53 -
Times interest earned ratio 10707.73 584.33 62.11 66.82 127.32 -
Operating
ability
Account receivable turnover
(times) 6.23 5.11 5.56 3.38 5.41 -
Days sales in accounts receivable 58.58 71.42 65.64 107.98 67.46 -
Inventory turnover (times) 5.51 5.92 8.47 5.43 9.26 -
Account payable turnover (times) 3.79 3.76 5.50 4.41 7.20 -
Average days in sales 66.24 61.65 43.09 67.21 39.41 -
Fixed assts turnover (times) 20.61 43.09 68.74 52.93 54.43 -
Total assets turnover (times) 0.88 1.29 1.96 1.13 1.02 -
Profitability
Ratio of return on total assets (%) 9.68 7.54 9.24 6.41 5.60 -
Ratio of return on shareholders’
equity (%) 15.88 15.77 18.78 10.08 7.33 -
Ratio to issued
capital stock (%)
Operating income 36.97 27.52 43.00 16.93 8.35 -
Income before tax 57.91 69.50 88.65 48.41 30.19 -
Profit ratio (%) 8.50 4.91 4.62 6.60 5.37 -
Earnings per share ($) 4.64 5.57 7.43 3.88 2.94 -
Cash flow
()
Cash flow ratio (%) 11.32 1.97 9.44 34.82 46.17 -
Cash flow adequacy ratio (%) 30.00 18.66 26.37 31.01 51.68 -
Cash reinvestment ratio (%) 4.65 (0.02) 3.54 4.86 9.01 -
Balance Degree of operating leverage 1.52 1.88 1.62 1.26 2.60 -
Degree of financial leverage 1.00 1.00 1.03 1.05 1.03 -