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Profitability analysi 2013 2014 2015

ROCE 21.4 33.8 35.8


Operating margin 9.5 17.3 21.6
ROAT 2.3 2.0 1.7
ROE 31.0 48.3 35.8
Earning capacity
Operational gearing 21.6 17.1 15.1
Break-even revenue 9815.0 5926.6 6415.2
Safety margin 54.4 79.2 82.1
Gross margin 70.0 68.0 66.0
Contribution ratio 30.0 32.0 34.0
Capital adjustment
Rate of fixed asset tu 34 60 37
Rate of intangible fix 136.1 279.5 519.8
Rate of tangible fixed 46.0 75.6 40.4
Rate of stock turnover 5 8 2
Days in stock 73 45.6 182.5 days spent in stock
ays spent in stock

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