2011 2012 2013 2014 2015

(All Taka in Million)

Sales 6,648 7,385 7,879 8,077 8,523
Net income 581 672 813 701 832
Stock holders' equity 1,561 1,854 2,257 2,571 2,965
Total Debt / Total liability 1,986 2,126 2,354 2,096 2,272
Total Asset / Net asset 3,547 3,980 4,610 4,667 5,237
Sales (credit) 6,648 7,385 7,879 8,077 8,523
Receivables/ Accounts receivables 191 277 436 455 907
Daily credit sales 18 21 22 22 24
Inventory 1,756 1,889 2,168 2,159 2,266
Fixed asset 854 1,014 1,047 1,194 1,157
Current Asset 2,693 2,966 3,564 3,472 4,079
Current liability 1,833 1,990 2,205 1,933 2,094
Income before interset and taxes / Operating profit 851 1,006 1,207 1,063 1,246
Interest 270 334 394 362 414
Income before fixed charge and taxes 794 971 1,153 1,018 1,207
Fixed charges (Lease payment + Interest expense) 213 299 340 317 375
 Profitability Ratio
1 Profit Margin
2a Return On Asset (Investment)
2b Return On Asset (Investment)
3a Return On Equity
3b Return On Equity
Asset Utilization Ratio
4 Receivables Turnover
5 Average Collection Period
6 Inventory Turnover
7 Fixed Asset Turnover
8 Total Asset Turnover
Liquidity Ratio
9 Current Ratio
10 Quick Ratio
Debt Utilization Ratio
11 Debt To Total Asset
12 Times Interest Earned
13 Times Fixed Charge Coverage
Net Income/Sales*100
Net Income/ Total Asset *100
(Net Income/ Sales)*(Sales / Total Assets)
Net Income/ Stock Holders Equity * 100
Return On Assets (Investment) / 1 - (Debt/ Asset)
Credit Sales / Receivables
Account Receivables / Average Daily Credit Sales
Sales/ Inventory
Sales / Fixed Asset
Sales / Total Asset
Current Asset / Current Liability
(Current Asset - Inventory) / Current Liability
Total Debt / Total Asset * 100
Income Before Interest And Tax / Interest
Income Before Fixed Charges And Taxes / Fixed Charge
2011 2012 2013 2014 2015

8.7 9.1 10.3 8.7 9.8

16.4 16.9 17.6 15.0 15.9
16.4 16.9 17.6 15.0 15.9
37.2 36.2 36.0 27.3 28.1
37.2 36.2 36.0 27.3 28.1

34.9 26.7 18.1 17.7 9.4

10.3 13.5 19.9 20.3 38.3
3.8 3.9 3.6 3.7 3.8
7.8 7.3 7.5 6.8 7.4
1.9 1.9 1.7 1.7 1.6

1.5 1.5 1.6 1.8 1.9

0.5 0.5 0.6 0.7 0.9

56.0 53.4 51.1 44.9 43.4

3.2 3.0 3.1 2.9 3.0
3.7 3.2 3.4 3.2 3.2
 2011 2012 2013 2014 2015
(All Taka in Million)
Sales 9,499 9,748 10,940 11,464 11,349
Net income 261 259 266 203 268
Stock holders' equity 2,079 2,287 2,496 2,637 2,628
Total Debt / Total liability 5,102 5,882 7,078 9,584 10,247
Total Asset / Net asset 7,180 8,168 9,575 12,221 12,874
Sales (credit) 9,499 9,748 10,940 11,464 11,349
Receivables/ Accounts receivables 953 793 964 1,461 1,412
Daily credit sales 26 27 30 32 32
Inventory 2,828 3,362 4,410 6,271 6,835
Fixed asset 1,888 2,111 2,154 2,412 2,724
Current Asset 5,292 6,057 7,421 9,809 10,150
Current liability 4,710 5,061 6,261 8,413 9,421
Income before interset and taxes / Operating profit 751 840 862 860 717
Interest 490 581 596 657 448
Income before fixed charge and taxes 313 323 380 304 407
Fixed charges (Lease payment + Interest expense) 52 64 114 100 139
 Profitability Ratio
1 Profit Margin
2a Return On Asset (Investment)
2b Return On Asset (Investment)
3a Return On Equity
3b Return On Equity
Asset Utilization Ratio
4 Receivables Turnover
5 Average Collection Period
6 Inventory Turnover
7 Fixed Asset Turnover
8 Total Asset Turnover
Liquidity Ratio
9 Current Ratio
10 Quick Ratio
Debt Utilization Ratio
11 Debt To Total Asset
12 Times Interest Earned
13 Times Fixed Charge Coverage
Net Income/Sales*100
Net Income/ Total Asset *100
(Net Income/ Sales)*(Sales / Total Assets)
Net Income/ Stock Holders Equity * 100
Return On Assets (Investment) / 1 - (Debt/ Asset)
Credit Sales / Receivables
Account Receivables / Average Daily Credit Sales
Sales/ Inventory
Sales / Fixed Asset
Sales / Total Asset
Current Asset / Current Liability
(Current Asset - Inventory) / Current Liability
Total Debt / Total Asset * 100
Income Before Interest And Tax / Interest
Income Before Fixed Charges And Taxes / Fixed Charge
2011 2012 2013 2014 2015

2.7 2.7 2.4 1.8 2.4

3.6 3.2 2.8 1.7 2.1
3.6 3.2 2.8 1.7 2.1
12.6 11.3 10.6 7.7 10.2
12.6 11.3 10.6 7.7 10.2

10.0 12.3 11.4 7.8 8.0

36.1 29.3 31.7 45.9 44.8
3.4 2.9 2.5 1.8 1.7
5.0 4.6 5.1 4.8 4.2
1.3 1.2 1.1 0.9 0.9

1.1 1.2 1.2 1.2 1.1

0.5 0.5 0.5 0.4 0.4

71.1 72.0 73.9 78.4 79.6

1.5 1.4 1.4 1.3 1.6
6.0 5.0 3.3 3.0 2.9
 2011 2012 2013 2014
1 Profitability Ratio Profit Margin Bata 8.7 9.1 10.3 8.7
Apex 2.7 2.7 2.4 1.8
2 Return On Asset (Investment) Bata 16.4 16.9 17.6 15.0
Apex 3.6 3.2 2.8 1.7
3 Return On Equity Bata 37.2 36.2 36.0 27.3
Apex 12.6 11.3 10.6 7.7
4 Asset Utilization Ratio Receivables Turnover Bata 34.9 26.7 18.1 17.7
Apex 10.0 12.3 11.4 7.8
5 Average Collection Period Bata 10.3 13.5 19.9 20.3
Apex 36.1 29.3 31.7 45.9
6 Inventory Turnover Bata 3.8 3.9 3.6 3.7
Apex 3.4 2.9 2.5 1.8
7 Fixed Asset Turnover Bata 7.8 7.3 7.5 6.8
Apex 5.0 4.6 5.1 4.8
8 Total Asset Turnover Bata 1.9 1.9 1.7 1.7
Apex 1.3 1.2 1.1 0.9
9 Liquidity Ratio Current Ratio Bata 1.5 1.5 1.6 1.8
Apex 1.1 1.2 1.2 1.2
10 Quick Ratio Bata 0.5 0.5 0.6 0.7
Apex 0.5 0.5 0.5 0.4
11 Debt Utilization Ratio Debt To Total Asset Bata 56.0 53.4 51.1 44.9
Apex 71.1 72.0 73.9 78.4
12 Times Interest Earned Bata 3.2 3.0 3.1 2.9
Apex 1.5 1.4 1.4 1.3
13 Times Fixed Charge Coverage Bata 3.7 3.2 3.4 3.2
Apex 6.0 5.0 3.3 3.0
2015
9.8 Profit Margin Ratio (%)
2.4 12.0 40.0
15.9 35.0
10.0
2.1
30.0
28.1 8.0
25.0
10.2
9.4 6.0 20.0

8.0 4.0
15.0
38.3 10.0
44.8 2.0
5.0
3.8 0.0 0.0
1.7 2011 2012 2013 2014 2015 2011
7.4 Bata Apex
4.2
1.6
0.9 Return on Asset (%) Av
1.9 20.0 50.0
1.1 18.0 45.0
16.0 40.0
0.9
14.0 35.0
0.4
12.0 30.0
43.4
10.0 25.0
79.6
8.0 20.0
3.0 15.0
6.0
1.6 4.0 10.0
3.2 2.0 5.0
2.9 0.0 0.0
2011 2012 2013 2014 2015 1
Bata Apex

Return on Equity
40.0 4.5
35.0 4.0

30.0 3.5
3.0
25.0
2.5
20.0
2.0
15.0
1.5
10.0
1.0
5.0 0.5
0.0 0.0
2011 2012 2013 2014 2015 2011
Bata Apex

9.0
8.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2011

2.0
1.8
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
2011
 Receivable Turnover Current ratio
40.0 2.5
35.0
2.0
30.0
25.0 1.5
20.0
15.0 1.0

10.0
0.5
5.0
0.0 0.0
2011 2012 2013 2014 2015 2011 2012 2013
Bata Apex Bata Apex

Average Collection Period (days) Quick ratio

50.0 1.0
45.0 0.9
40.0 0.8
35.0 0.7
30.0 0.6
25.0 0.5
20.0 0.4
15.0 0.3
10.0 0.2
5.0 0.1
0.0
1 2 3 4 5 0.0
2011 2012 2013
Bata Apex Bata Apex

Inventory Turnover
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
2011 2012 2013 2014 2015
Bata Apex

Fixed asset turnover

9.0
8.0
 Fixed asset turnover
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2011 2012 2013 2014 2015
Bata Apex

Total asset turnover

2.0
1.8
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
2011 2012 2013 2014 2015
Bata Apex
 Current ratio Debt To Total Asset
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
2012 2013 2014 2015 2011 2012 2013 2014 2015
Bata Apex Bata Apex

Quick ratio Times Interest Earned

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0
2012 2013 2014 2015 2011 2012 2013 2014 2015
Bata Apex Bata Apex

Times Fixed Charge Coverage

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0
2011 2012 2013 2014 2015
Bata Apex
tal Asset

013 2014 2015

Apex

rest Earned

13 2014 2015
Apex

rge Coverage

13 2014 2015
Apex
Data for Profit Margin Ratio (All taka in millions)
2011 2012 2013 2014 2015
Bata Shoe Sales 6,648 7,385 7,879 8,077 8,523
Net income 581 672 813 701 832
Apex Shoes Sales 9,499 9,748 10,940 11,464 11,349
Net income 261 259 266 203 268

Ratio
2011 2012 2013 2014 2015
Bata 8.7 9.1 10.3 8.7 9.8
Apex 2.7 2.7 2.4 1.8 2.4

Data for Return on Asset Ratio (All taka in millions)

2011 2012 2013 2014 2015
Bata Shoe Net income 581 672 813 701 832
Total Asset / Net asset 3,547 3,980 4,610 4,667 5,237
Apex Shoes Net income 261 259 266 203 268
Total Asset / Net asset 7,180 8,168 9,575 12,221 12,874

Ratio
2011 2012 2013 2014 2015
Bata 16.4 16.9 17.6 15.0 15.9
Apex 3.6 3.2 2.8 1.7 2.1

Data for Return on Equity Ratio (All taka in millions)

2011 2012 2013 2014 2015
Bata Shoe Net income 581 672 813 701 832
Stock holders' equity 1,561 1,854 2,257 2,571 2,965
Apex Shoes Net income 261 259 266 203 268
Stock holders' equity 2,079 2,287 2,496 2,637 2,628

Ratio
2011 2012 2013 2014 2015
Bata 37.2 36.2 36.0 27.3 28.1
Apex 12.6 11.3 10.6 7.7 10.2
Data for Receivable Turnover Ratio (All taka in millions)
2011 2012 2013 2014
Bata Shoe Sales (credit) 6,648 7,385 7,879 8,077
Receivables/ Accounts receivables 191 277 436 455
Apex Shoes Sales (credit) 9,499 9,748 10,940 11,464
Receivables/ Accounts receivables 953 793 964 1,461

Ratio
2011 2012 2013 2014
Bata 34.9 26.7 18.1 17.7
Apex 10.0 12.3 11.4 7.8

Data for Average Collection Period Ratio (All taka in millions)

2011 2012 2013 2014
Bata Shoe Receivables/ Accounts receivables 191 277 436 455
Daily credit sales 18 21 22 22
Apex Shoes Receivables/ Accounts receivables 953 793 964 1,461
Daily credit sales 26 27 30 32

Ratio
2011 2012 2013 2014
Bata 10.3 13.5 19.9 20.3
Apex 36.1 29.3 31.7 45.9

Data for Inventory Turnover Ratio (All taka in millions)

2011 2012 2013 2014
Bata Shoe Sales 6,648 7,385 7,879 8,077
Inventory 1,756 1,889 2,168 2,159
Apex Shoes Sales 9,499 9,748 10,940 11,464
Inventory 2,828 3,362 4,410 6,271

Ratio
2011 2012 2013 2014
Bata 3.8 3.9 3.6 3.7
Apex 3.4 2.9 2.5 1.8

Data for Fixed Asset Turnover Ratio (All taka in millions)

2011 2012 2013 2014
Bata Shoe Sales (credit) 6,648 7,385 7,879 8,077
Fixed asset 854 1,014 1,047 1,194
Apex Shoes Sales (credit) 9,499 9,748 10,940 11,464
Fixed asset 1,888 2,111 2,154 2,412

Ratio
2011 2012 2013 2014
Bata 7.8 7.3 7.5 6.8
Apex 5.0 4.6 5.1 4.8
Data for Total Asset Turnover Ratio (All taka in millions)
2011 2012 2013 2014
Bata Shoe Sales 6,648 7,385 7,879 8,077
Total Asset / Net asset 3,547 3,980 4,610 4,667
Apex Shoes Sales 9,499 9,748 10,940 11,464
Total Asset / Net asset 7,180 8,168 9,575 12,221

Ratio
2011 2012 2013 2014
Bata 1.9 1.9 1.7 1.7
Apex 1.3 1.2 1.1 0.9
 2015
8,523
907
11,349
1,412

2015
9.4
8.0

2015
907
24
1,412
32

2015
38.3
44.8

2015
8,523
2,266
11,349
6,835

2015
3.8
1.7

2015
8,523
1,157
11,349
2,724

2015
7.4
4.2
 2015
8,523
5,237
11,349
12,874

2015
1.6
0.9
Data for Current Ratio (All taka in millions)
2011 2012 2013 2014 2015
Bata Shoe Current Asset 2,693 2,966 3,564 3,472 4,079
Current liability 1,833 1,990 2,205 1,933 2,094
Apex Shoes Current Asset 5,292 6,057 7,421 9,809 10,150
Current liability 4,710 5,061 6,261 8,413 9,421

Ratio
2011 2012 2013 2014 2015
Bata 1.5 1.5 1.6 1.8 1.9
Apex 1.1 1.2 1.2 1.2 1.1

Data for Quick Ratio (All taka in millions)

2011 2012 2013 2014 2015
Bata Shoe Inventory 1,756 1,889 2,168 2,159 2,266
Current Asset 2,693 2,966 3,564 3,472 4,079
Current liability 1,833 1,990 2,205 1,933 2,094
Apex Shoes Inventory 2,828 3,362 4,410 6,271 6,835
Current Asset 5,292 6,057 7,421 9,809 10,150
Current liability 4,710 5,061 6,261 8,413 9,421

Ratio
2011 2012 2013 2014 2015
Bata 0.5 0.5 0.6 0.7 0.9
Apex 0.5 0.5 0.5 0.4 0.4
Data for Debt To Total Asset Ratio (All taka in millions)
2011 2012 2013
Bata Shoe Total Debt / Total liability 1,986 2,126 2,354
Total Asset / Net asset 3,547 3,980 4,610
Apex Shoes Total Debt / Total liability 5,102 5,882 7,078
Total Asset / Net asset 7,180 8,168 9,575

Ratio
2011 2012 2013
Bata 56.0 53.4 51.1
Apex 71.1 72.0 73.9

Data for Times Interest Earned Ratio (All taka in millions)

2011 2012 2013
Bata Shoe Income before interset and taxes / Operating profit 851 1,006 1,207
Interest 270 334 394
Apex Shoes Income before interset and taxes / Operating profit 751 840 862
Interest 490 581 596

Ratio
2011 2012 2013
Bata 3.2 3.0 3.1
Apex 1.5 1.4 1.4

Data for Times Fixed Charge Coverage Ratio (All taka in millions)
2011 2012 2013
Bata Shoe Income before fixed charge and taxes 794 971 1,153
Fixed charges (Lease payment + Interest expense) 213 299 340
Apex Shoes Income before fixed charge and taxes 313 323 380
Fixed charges (Lease payment + Interest expense) 52 64 114

Ratio
2011 2012 2013
Bata 3.7 3.2 3.4
Apex 6.0 5.0 3.3
 2014 2015
2,096 2,272
4,667 5,237
9,584 10,247
12,221 12,874

2014 2015
44.9 43.4
78.4 79.6

2014 2015
1,063 1,246
362 414
860 717
657 448

2014 2015
2.9 3.0
1.3 1.6

2014 2015
1,018 1,207
317 375
304 407
100 139

2014 2015
3.2 3.2
3.0 2.9