Ratio Research Essay

Ratio evaluation – Shinepukur Ceramics Versus RAK Ceramics

Current percentage

Shinepukur: Coming from 2009 to 2010, current ratio of Shinepukur has increased by zero. 24 because of increase in total current assets and decrease in total current liabilities. The increase in total current offers occurred intended for increase in accounts-and-other-receivables, advances-deposits-and-prepayments and cash. Amongst these elements, the increase in advances-deposits-and-prepayments is significant (from 82182270 to 278773841). On the other hand, the element which includes decreased total current financial obligations is long term loan with current maturity (from 386928629 to 243718941). From 2010 to 2011, current percentage of Shinepukur has lowered by zero. 14 as a result of decrease in total current possessions and increase in total current liabilities. The decrease in total current property has incurred for reduction in both advances-deposits-and-prepayments and money. Among those two elements, the decrease in advances-deposits-and-prepayments is significant (from 278773841 to 112190532). And, total-current-liabilities has increased for the increase in short-term loan from traditional bank and creditors-accruals-and-other-payables among which short-term loan from financial institution has performed key position (from 955808744 to 1147673708). From 2011 to 2012, current legal responsibility of Shinepukur has increased simply by 0. 03 because of more increase in total current assets and less embrace total current liabilities. Total-current-assets has increased due to significant embrace accounts-and-other-receivables (from 587933889 to 853413145). And, total-current-liabilities has grown mainly for increase in creditors-accruals-and-other-payables (from 291823065 to 445028986). Coming from 2012 to 2013, current ratio of Shinepukur features decreased by simply 0. '04 because of even more decrease in total current possessions and less reduction in total current liabilities. Total-current-assets has decreased for significant decrease in accounts-and-other-receivables (from 853413145 to 674987355). And, total-current-liabilities has decreased for the decrease in initial loan (from 1183795749 to 964471449).

RAK: From 2009 to 2010, current percentage of RAK has increased by simply 0. 99 because of embrace total current assets and decrease in total current liabilities. Total current assets has increased pertaining to the increase in inventory, accounts receivable, cash and advances-deposits-prepayment among which will cash has increased significantly. Total-current-liabilities has decreased for the decrease in long lasting loan with current maturity and creditors-accruals-and-other-payables among which in turn creditors-accruals-and-other-payables has decreased significantly. From 2010 to 2011, current ratio of RAK has increased by simply 0. 2009 because of even more increase in total current property and less increase in total current liabilities. Total current resources has increased for the increase in inventory, accounts receivable and advances-deposits-prepayment amongst which advances-deposits-prepayment has increased substantially. Total-current-liabilities has grown for the increase in income-tax-payable, long-term bank loan with current maturity and creditors-accruals-and-other-payables amongst which income-tax-payable has increased drastically. From 2011 to 2012, current ratio of RAK has decreased by 0. 16 due to less increase in total current assets and more increase current liabilities. Total current possessions has increased intended for the increase in inventory and advance-income-tax between which advance-income-tax has increased substantially. Total-current-liabilities has increased for the rise in deferred-tax-liabilities and long term loan with current maturity and between which deferred-tax-liabilities has increased considerably. From 2012 to 2013, current ratio of RAK has lowered by zero. 02 as a result of less embrace total current assets and even more increase in total current liabilities. Total current assets has increased for the rise in inventory, cash and advance-income-tax among which funds has...

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