Industry Analysis Online

GREAT FEATURE: To find the meaning or usage of any term, just click on the term to enter the Glossary.

Industry analysis ratios allow comparison of one time period to another within the industry or to another industry or company.. Since industry analysis ratios look at relationships inside the industry, an industry of one size can be directly compared to a second industry (or a collection of industries) which may be larger or smaller or even in a different business. Industry Analysis is a method of comparison not dependent on the size of the industry. Financial Ratios provide a broader basis for comparison than do raw numbers. However, financial analysis ratios on their own, without year-to-year or other industry comparative ratios, are of little use in judging the health or future of the industry being analyzed. Your Industry Financial Analysis provides you with 28 conversions of financial numbers for an industry into ratios and two predictors of the future: Altman Z-Score and Sustainable Growth Rate.

Industry Analysis: SIC Code 3571: ELECTRONIC COMPUTERS

	3571	3571	3571	3571	3571
TERM(Click Term for Glossary)	Last Year	Last Year - 1	Last Year - 2	Last Year - 3	Last Year - 4
Net Sales in $M	3,906.3	3,297.9	3,329.3	3,587.4	3,464.5

PREDICTOR RATIOS:
Altman Z-Score	2.41	2.03	2.85	4.49	4.04
Sustainable Growth Rate	19%	6%	15%	22%	27%

PROFITABILITY RATIOS:
P/E Ratio	15.7	85.2	29.1	40.3	28.7
Gross Profit Margin on Sales	27.6%	24.7%	27.1%	26.1%	27.1%
Net Profit Margin (Pre-tax)	8.6%	4.9%	7.1%	9.8%	12.0%
Net Profit Margin (After-tax)	5.5%	0.9%	4.7%	6.6%	7.5%
Operating Expense to Sales	85.2%	96.3%	94.0%	92.4%	90.1%
Operating Profit to Sales	14.8%	3.7%	6.0%	7.6%	9.9%
Basic Earning Power	9.6%	5.1%	7.7%	11.3%	14.1%
Return on Assets (After-tax)	6.1%	2.3%	5.4%	7.5%	8.8%
Return on Equity	19.2%	7.4%	15.9%	22.5%	27.1%

ASSET MANAGEMENT RATIOS:
Collection Period (Period Average)	75.1	85.3	90.3	85.9	82.9
Collection Period (Period End)	77.9	85.6	84.2	89.5	85.2
Inventory Turns (Period Average)	28.0	20.8	15.9	16.7	16.9
Inventory Turns (Period End)	28.0	24.5	17.7	15.8	16.8
Days Inventory	13.1	17.6	23.0	21.9	21.6
Working Capital Turnover	10.5	8.7	8.4	8.2	10.1
Fixed Asset Turnover	8.7	7.5	6.7	6.9	6.8
Total Asset Turnover	1.1	1.0	1.1	1.2	1.2

LIQUIDITY RATIOS:
Current Ratio	1.3	1.3	1.3	1.4	1.3
Quick Ratio	1.2	1.2	1.2	1.2	1.2
Sales/Receivables	4.7	4.3	4.3	4.1	4.3
Gearing Ratio	28.3%	34.9%	28.7%	31.6%	28.9%

DEBT MANAGEMENT RATIOS:
Times Interest Earned	59.4	27.2	27.7	29.0	38.1
Equity Multiplier	3.1	3.3	2.9	3.0	3.1
Fixed Assets (net)/Net Worth	0.40	0.45	0.47	0.49	0.53
Debt Ratio	0.7	0.7	0.7	0.7	0.7
Debt to Equity	2.1	2.3	1.9	2.0	2.1
Long-term-debt to Equity	0.4	0.5	0.4	0.5	0.4
Current-debt to Total Debt	56.7%	53.9%	58.9%	59.7%	63.0%

N/A: Data unavailable in order to calculate ratio

Z: Data equals zero in ratio denominator

INDUSTRY ANALYSIS: One Industry