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101
II. Financial analysis in the past five years
(I) Financial analysis for consolidated report – adopting IFRSs
Year (Note 1)
Item (Note 3)
Financial analysis in the past five years As of April
15, 2015
2010 2011 2012 2013 2014
Financial
structure
(％)
Ratio of liabilities to
assets
N/A
52.32 53.74 53.03
(Note 2)
Ratio of long-term
capital to Property, plant
and equipment
1,242.37 1,349.04 1810.02
Solvency
(%)
Current ratio (%) 159.54 158.09 153.59
Quick ratio (%) 94.53 101.94 93.16
Times interest earned 309.99 77.72 95.67
Operating
ability
Account receivable
turnover (times) 7.49 6.34 5.94
Days sales in accounts
receivable 48.73 57.57 61.44
Inventory turnover
(times) 5.15 4.58 4.10
Account payable
turnover (times) 6.65 6.27 5.48
Average days in sales 70.87 79.69 89.02
Property, plant and
equipment turnover
(times)
43.07 43.07 46.97
Total assets turnover
(times) 1.82 1.64 1.47
Profitability
Ratio of return on total
assets (%) 9.20 7.73 6.14
Ratio of return on equity
(%) 18.48 16.27 13.03
Ratio of profit before
tax to Paid-in capital
(%) (Note 7)
359.52 363.86 341.93
Profit ratio (%) 5.02 4.65 4.13
Earnings per share ($)
(non-retroactive) 29.84 28.66 26.21
Cash flow
(％)
Cash flow ratio (%) 16.19 19.78 14.64
Cash flow adequacy ratio
(%) 130.40 145.59 97.63
Cash reinvestment ratio
(%) 7.66 10.03 6.33
Leverage
Degree of operating
leverage 2.91 3.38 3.19
Degree of financial
leverage 1.00 1.02 1.01