Provide liquidity, asset management, long term debt paying ability, and profitability ratio analysis. Also provide recommendations

Liquidity 2018 2019 2020 2021& Industry average

Current Ratio 4.59 3.69 5.96 2.67 3.31x

Quick Ratio 1.02 0.78 0.47 0.17 1.90x

Cash Ratio 0.24 0.18 0.06 0.04 0.75x

Asset Management

Parts Inventory Days (avg) 87.71 91.04 442.60 342.74 30.85 days

WIP Inventory Days (avg) 39.83 34.98 108.11 74.94 14.57 days

FG Inventory Days (avg) 126.31 110.89 322.75 189.35 33.13 days

A/R Turnover (avg) 21.53 23.00 11.61 34.55 37.87 days

A/P Turnover (avg) 3.83 3.65 1.42 2.54 23.96 days

Cash Conversion Cycle 144.01 130.24 332.93 221.36 92.46 days

Fixed Assets Turnover 1.77 2.12 0.64 0.80 2.35x

Total Assets Turnover 0.83 0.95 0.29 0.39 1.33x

Long-term Debt Paying Ability

Debt Ratio 45.9% 57.2% 67.1% 62.4% 43.9%

LT Debt to Total Capitalization 39.5% 50.7% 64.0% 56.3% 36.2%

Times Interest Earned 6.96 7.53 -5.57 -1.58 6.69x

Cash Flow Coverage 3.56 3.43 -0.26 0.28 3.35x

Profitability

Gross Profit Margin 37.99% 37.68% 37.12% 36.33% 40.66%

Operating Profit Margin 7.93% 9.12% -21.00% -6.88% 9.90%

Net Profit Margin 4.41% 5.14% -16.10% -7.31% 5.94%

Return on Assets 3.64% 4.88% -4.62% -2.89% 7.90%

Return on Equity 6.25% 10.28% -12.33% -8.25% 14.07%