Cc-California Choppers

California Choppers HB case 806N22

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Ratios

2000

2001

2002

2003

2004

2005

Industry

Liquidity

Current ratio

1.2867

0.8227

1.4769

1.6353

1.3329

1.0421

1.25

Quick ratio

0.9845

0.6350

0.8453

0.9973

0.9414

0.6579

Cash ratio

0.27

Net working capital (NWC)

16.2400

39.9400

62.4400

78.9600

45.8100

8.2500

NWC to total assets

0.1252

0.1262

0.1618

0.2024

0.1220

0.0193

Asset Management

Accts Rec TO

6.4019

10.8739

9.3181

9.0150

8.7957

Accts Rec TO, days

57.0141

33.5667

39.1712

40.4881

41.4974

32.45

Inventory TO

4.3490

6.2007

6.9082

8.9404

9.7427

Inventory TO, days

83.9266

58.8640

52.8357

40.8260

37.4638

44.12

Operating cycle

140.9407

92.4307

92.0070

81.3141

78.9612

Accts Pay TO

2.9128

4.9971

5.0383

4.9819

3.9478

Accts Pay TO, days

125.3089

73.0418

72.4449

73.2649

92.4576

60.23

Cash conversion cycle

15.6318

19.3890

19.5621

8.0492

(13.4964)

16.35

NWC TO

10.6604

14.1717

11.2212

13.0568

31.6685

Fixed assets TO

2.7650

4.1878

4.3808

4.5159

4.3428

3.72

Total asset TO

1.3425

2.0658

2.0447

2.1276

2.1318

2.05

LT debt paying ability

Debt ratio (TD / TA)

0.8442

0.9300

0.8415

0.7339

0.6450

0.6454

0.54

Coverage

Times interest earned

1.3369

1.2291

2.6150

3.5424

3.4198

3.0592

9.33

CF coverage

Effective int rate

Profitability

Gross margin

0.2697

0.2972

0.3012

0.2947

0.2691

0.2647

0.3200

Operating profit margin

0.0438

0.0514

0.1280

0.1102

0.0754

0.0465

0.1400

Net profit margin

0.0075

0.0065

0.0538

0.0538

0.0363

0.0213

0.0850

Op inc ret on investment

0.0690

0.2644

0.2252

0.1604

0.0991

ROA (t=0.35)

0.0453

0.1768

0.1513

0.1077

0.0664

0.1746

ROA decomp, book, t=0.35

Profit margin

0.0065

0.0538

0.0538

0.0363

0.0213

(Int exp)(1-tax rate), t=0.35

8.14

23.08

16.04

11.67

8.46

NI for ROA

0.05

1.24

0.86

0.42

0.18

ROE, case

0.3825

ROE decomp in case

EBIT/Sales

0.043811...