Financial Analysis Financial Analysis

Unit: NT$K
Financial Ratio 2013 2014 2015
Capital structure (%) Debt ratio 19 20 20
Long-term funds to fixed assets 796 832 873
Liquidity (%) Current ratio 448 446 447
Quick ratio 386 387 378
Interest guarantee (times) -- -- --
Operating performance (%) Average collection turnover (times) 6.84 6.07 5.85
Average collection days 53 60 62
Average inventory turnover (times) 3.83 4.02 3.71
Average payment turnover (times) 4.47 4.40 4.29
Average inventory days 95 91 98
Fixed assets turnover (times) 7.82 7.96 8.34
Total assets turnover (times) 0.79 0.78 0.78
Return on investment (%) Return on total assets (%) 16 16 16
Return on stockholders' equity (%) 20 20 20
Income before tax to capital (%) 39 41 42
Net income to sales (%) 19 20 20
Earnings per share (NTD) 3.32 3.50 3.57
Cash flow (%) Cash flow ratio (%) 117 114 90
Cash flow adequacy ratio (%) 126 124 110
Cash flow reinvestment ratio (%) 9 5 (1)
Degree of leverage Degree of operating leverage 1.96 1.86 1.90
Degree of financial leverage 1.00 1.00 1.00