Asus 2010 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 of the 2010 Asus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 211

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211

80
II. Financial analysis in the past five years
Year
Item (Note 2)
Financial analysis in the past five years As of
April 21,
2011
(Note 5)
2006
(adjusted)
2007
(adjusted) 2008 2009
(Note 9) 2010
Financial
structure
（％）
Ratio of liabilities to assets 56.14 46.97 24.16 24.35 36.78 -
Ratio of long-term capital to fixed
assets 1601.39 2040.88 3,550.99 4,052.73 2,483.98 -
Solvency
(%)
Current ratio (%) 125.46 150.80 185.45 187.28 190.71 -
Quick ratio (%) 77.60 105.90 126.91 154.53 150.40 -
Times interest earned ratio 584.33 62.11 66.82 127.32 234.31 -
Operating
ability
Account receivable turnover
(times) 5.11 5.56 3.38 5.41 6.04 -
Days sales in accounts receivable 71.42 65.64 107.98 67.46 60.43 -
Inventory turnover (times) 5.92 8.47 5.43 9.26 15.96 -
Account payable turnover (times) 3.76 5.50 4.41 7.20 6.87 -
Average days in sales 61.65 43.09 67.21 39.41 22.86 -
Fixed assts turnover (times) 43.09 68.74 52.93 54.43 69.43 -
Total assets turnover (times) 1.29 1.96 1.13 1.02 1.77 -
Profitability
Ratio of return on total assets (%) 7.54 9.24 6.41 5.60 8.35 -
Ratio of return on shareholders’
equity (%) 15.77 18.78 10.08 7.33 11.81 -
Ratio to issued
capital stock (%)
Operating income 27.52 43.00 16.93 8.35 148.90 -
Income before tax 69.50 88.65 48.41 30.19 301.57 -
Profit ratio (%) 4.91 4.62 6.60 5.37 5.56 -
Earnings per share ($) 5.57 7.43 3.88 2.94 7.72 -
Cash flow
(％)
Cash flow ratio (%) 1.97 9.44 34.82 46.17 36.41 -
Cash flow adequacy ratio (%) 18.66 26.37 31.01 51.68 85.46 -
Cash reinvestment ratio (%) (0.02) 3.54 4.86 9.01 10.87 -
Balance Degree of operating leverage 1.88 9.44 1.26 2.60 1.56 -
Degree of financial leverage 1.00 26.37 1.05 1.03 1.01 -