Analysis of 2014 FY end of Pharmaceutical companies listed on the NSE

		Sectorial Analysis of Quoted Companies-Pharmaceutical Industry
	PHARM-DEKO	FIDSON	MAY & BAKER	GLAXO SMITH	NEIMETH	INDUSTRIAL AVERAGE
Revenue	N              1,566,190	N              9,725,185	N              7,018,992	N            30,521,127	N                 807,832	N                       9,927,865
Inventory Turnover	4.16	4.12	1.83	1.63	0.51	2.45
Receivable Turnover	6.84	3.52	4.13	6.76	0.52	4.35
Payable Turnover	1.92	3.55	6.43	2.69	2.70	3.46
Total Asset Turnover	0.59	0.69	0.86	1.13	0.28	0.71
No of Days Inventory	87.73	88.67	198.96	224.51	712.82	262.54
No of Days Receivable	53.35	103.81	88.31	54.01	701.86	200.27
No of Days Payables	189.79	102.69	56.79	135.62	135.01	123.98
Operating Cycle	141.09	192.48	287.26	278.51	1,414.68	462.81
Net Operating Cycle	(48.70)	89.79	230.47	142.89	1,279.67	338.82
Current Ratio	0.47	0.79	1.11	1.10	2.49	1.19
Quick Ratio	0.35	0.57	0.70	0.50	1.64	0.75
Working Capital	N                  -953,293.00	N               -1,254,614.00	N                    354,709.00	N                1,352,659.00	N                1,441,131.00	N                    188,118.40
Debt-to-Asset Ratio	67%	63%	62%	54%	37%	57%
Long-Term Debt to Asset Ratio	4%	26%	23%	7%	4%	13%
Debt-to-Equity Ratio	2.05	1.74	1.62	1.16	0.59	1.43
Financial Leverage	3.05	2.74	2.62	2.16	1.59	2.43
Gross Profit Margin	59%	56%	36%	35%	49%	47%
Operating Profit Margin	15%	15%	10%	9%	5%	11%
Net Profit Margin	6%	6%	1%	6%	-2%	4%
Pretax Profit Margin	10%	9%	1%	9%	-2%	5%
ROA	4%	5%	1%	7%	0%	3%
ROE	11%	11%	2%	15%	-1%	8%
EPS	N                                 1.01	N                                 0.42	N                                 0.06	N                                 1.93	N                               -0.01	N                                 0.68
P/E	1.98	7.12	27.85	27.66	80.84	29.09
DPS		0.15	0.05	0.75		N                                 0.32
Dividend Payout Ratio		36%	77%	39%		51%
P/S	0.13	0.46	0.25	1.68	1.34	77%
Dividend Yield	0%	5%	3%	1%	0%	2%
P/B	0.21	0.78	0.57	3.95	0.58	1.22
Book Value	9.31	3.84	3.16	13.53	1.94	6.36
*ROA=RETURN ON ASSET
*ROE=RETURN ON EQUITY
*EPS=EARNING PER SHARE
*P/E PRICE TO EARNING
*DIVIDEND PER SHARE
*PRICE TO SALES