Professional Documents
Culture Documents
I. Corporate Information
While APRISAs head office is located at the 6th Floor of Vertex One
Building, at the corner of F. Huertas and F. Yuseco Streets, the Company has
site offices in the major business locations of Ayala Lands developments.
Nature of Business
-
Services
Accounting Method
-
Accrual
The trend line of Aprisa Business Process Solution, Incorporated in terms of its
sales is on uptrend direction, which means that the graph has a positive slope. As
shown above, year 2013 and 2014's performance were close to each other as the line
was neutral, but rose on year 2015. This means that year 2015 is the company's best
performance on its sales, followed by years 2013 & 2014, 2012 and 2011.
2011
2014
2015
42,613,942
.00
7,413,634.
00
4,122,609.
00
54,150,18
5.00
57
%
10
%
30,909,27
4.00
29,445,32
2.00
10,451,01
3.00
70,805,6
09.00
ASSETS
CURRENT
ASSETS
Cash
Trade & Other
Receivable
Other Current
Assets
Total Current
Assets
NONCURRENT
ASSETS
Property &
Equipment
Deferred tax
assets
Recoverable
and other
deposit
other
noncurrent
assets
Total NonCurrent
Assets
7,250,867
.00
30,665,56
2.00
1,562,085
.00
39,478,5
14.00
27,913,59
4.00
10%
43%
2%
55%
39%
16,371,81
8.00
38,726,55
3.00
5,306,437.
00
60,404,8
08.00
21,162,98
3.00
20%
47%
6%
73
%
26%
30,531,32
4.00
9,001,536
.00
7,048,432
.00
46,581,2
92.00
16,350,67
0.00
48%
14%
11%
73
%
25%
15,244,509
.00
2,432,763.
00
5%
72
%
20
%
3%
8,378,334.
00
6,459,634.
00
36%
34%
12%
82%
10%
8%
2,437,596
.00
3%
1,947,700
.00
3%
1,246,262.
00
2%
1,298,295
.00
2%
3,298,431.
00
4%
263,388.0
0
0%
32,298,8
90.00
45%
22,409,2
45.00
27
%
17,648,9
65.00
27
%
20,975,70
3.00
28
%
15,101,3
56.00
18%
TOTAL
ASSETS
LIABILITIES
AND EQUITY
CURRENT
LIABILITIES
Accounts and
other payables
Income Tax
payable
Due to related
parties
Total Current
Liabilities
NON-CURRENT
LIABILITIES
Deferred tax
liabilities - net
Pension
Liability
Total
Liabilities
EQUITY
Capital Stock
71,777,4
04.00
100
%
82,814,0
53.00
100
%
64,230,2
57.00
100
%
75,125,88
8.00
100
%
85,906,9
65.00
6,072,466
.00
8%
56,765,38
0.00
69%
19,627,62
3.00
31%
24,806,993
.00
33
%
26,465,17
0.00
2,658,485.
00
40,373,15
8.00
46,445,6
24.00
1,186,408
.00
65%
56,765,3
80.00
69
%
19,627,6
23.00
31
%
24,806,99
3.00
Total Equity
3%
2,899,600.
00
27,706,59
3.00
33
%
29,123,6
55.00
34%
2%
47,632,0
32.00
66%
56,765,3
80.00
69
%
19,627,6
23.00
31
%
25,000,00
0.00
35%
25,000,00
0.00
30%
40,000,00
0.00
62%
(854,628.
00)
24,145,3
72.00
31%
56%
Retained
Earnings
Remeasurable
loss on defined
benefit
obligation
Deficit
100
%
-1%
34%
1,048,673.
00
26,048,6
73.00
1%
31
%
4,602,634
.00
44,602,6
34.00
40,000,000
.00
7,419,295.
00
37
%
4,918,863.
00
34,042,5
18.00
53
%
10
%
40,000,00
0.00
11,979,44
4.00
4%
6%
40%
47%
14%
(114,997.0
0)
0%
51,864,4
47.00
60%
7%
69
%
47,419,29
5.00
63
%
TOTAL
LIABILITIES
AND EQUITY
71,777,4
04.00
100
%
8281405
3
100
%
64,230,2
57.00
100
%
75,125,88
8.00
100
%
85,906,9
65.00
100
%
ranked first. For total equity, by Capital Stock 62.28%. Ranked first, followed by deficit
7.17%.
It shows that the total Equity of Aprisa Company composed of 69.44% exceeded
their total Liabilities of 30.56% which do not manifest any improvement. In the
perspective of the owners of the company it is favourable because they are able to use
the money of their people in order to gain profit while in the perspective of the potential
investors.
For the year 2014, Cash 56.72% regained at ranked first, followed by Trade and
other Receivable 9.87% and other current assets 5.49%. Meanwhile, in the non-current
assets, property & equipment 20.29% ranked first followed by other non-current assets
4.39% and deferred tax assets 3.24%. Then, for the current liabilities, Accounts and
other Payable 33.02% ranked first. In the non-current liabilities Persion Liabilities 3.86%
ranked first for total equity, by Capital Stock 53.24%. Ranked first, followed by Retained
Earnings 9.88%.
It shows that the total Equity of Aprisa Company composed of 63.12% exceeded
their total Liabilities of 36.88% which do not manifest any improvement. In the
perspective of the owners of the company it is favourable because they are able to use
the money of their people in order to gain profit while in the perspective of the potential
investors.
Lastly For the year 2015, Cash 56.72%, Trade and other Receivable 9.87% and
other current assets 5.49% regained its position which was last observed in 2014. This
was followed by Cash 35.98%, Accounts Receivable 34.28% and other current assets
12.17%. For non-current assets, property and equipment 9.75% ranked, followed by
deferred tax assets 7.52% and Other Non-Current Assets 0.31%. Meanwhile, for the
current liabilities, Accounts and other Payable 30.81% ranked first, followed by Income
Payable 3.09%. In the non-current liabilities Persion Liabilities 5.73% ranked first. In
Total Equity. Capital Stocks 46.56% ranked first, followed by Retained Earnings 13.94%
and Remeasurable loss on defines benefits obligations -0.13%.
It shows that the total Equity of Aprisa Company composed of 60.37% exceeded
their total Liabilities of 39.63% which do not manifest any improvement. In the
perspective of the owners of the company it is favourable because they are able to use
the money of their people in order to gain profit while in the perspective of the potential
investors.
2011
2014
2015
76,246,095.
00
81,461.00
1,400.00
76,328,956
.00
100
%
0%
0%
100
%
92,628,847.
00
68,786.00
766.00
92,698,399
.00
100
%
0%
0%
100
%
107,406,676
.00
111,613.00
15,298.00
107,533,58
7.00
65,152,603.
00
85%
84,200,101.
00
91%
73,766,163.
00
97%
7,376,163.0
0
8%
2,100
0%
1,730.00
0%
72,292,802
.00
95
%
91,578,014
.00
99%
4,036,154
5%
1,120,385
1%
-782,916
-1%
1,202,300
1%
1,507,182
1%
1,903,301
2%
2,833,454
3%
3,553,961
1,903,301
2%
2,833,454
3%
3,553,961
100
%
0%
0%
100
%
119,080,555
.00
95,603.00
4,578.00
119,180,73
6.00
100
%
0%
0%
100
%
140,384,071.
00
315,460.00
4,449.00
140,703,98
0.00
96,449,392.
00
90%
102,713,246
.00
86%
125,127,778.
00
89%
6,023,052.0
0
6%
7,452,975.0
0
6%
8,890,741.00
6%
92%
134,018,51
9.00
95%
8%
6,685,461
5%
2,697,854
2%
2,125,312
2%
3%
6,316,661
5%
4,560,149
3%
3%
6,316,661
5%
4,445,152
3%
REVENUE
Services
Interest Income
Other Income
EXPENSES
Direct Operating
expenses
General and
Administrative
expenses
Interest Expense and
other financing
charges
INCOME BEFORE
INCOME TAX
PROVISON FOR
(BENEFIT FROM)
INCOME TAX
NET INCOME
OTHER
COMPREHENSIVE
INCOME
TOTAL
COMPREHENSIVE
102,472,44
4.00
5,061,143.
00
95%
5%
110,166,22
1
9,014,515.
00
100%
0%
0%
100%
INCOME
During 2011, the expenses of the firm are 95% of its total revenue. It contains
direct operating expenses of about 85% and 97% of General Administrative expenses
used to operate their daily activities. In 2012, they reached 99% of expenses to its total
revenue which means they incurred net loss in said year. From year 2013 to 2015
expenses of the company remains roughly 95%.
CASH FLOWS
FROM OPERATING
ACTIVITY
Income before income
tax
Adjusted for:
Depreciation
Operating income
before changes in
working Capital
2011
2012
2013
2014
2015
4,036,154
56%
1,120,385
7%
5,061,143
17%
9,014,515
21%
6,685,461
22%
5,116,249
71%
5,067,520
31%
6,807,692
22%
7,412,109
2,899,600
17%
7%
7,965,680
1,854,982
26%
6%
(81,461)
-1%
(68,786)
0%
(111,613)
0%
(95,063)
0%
(315,460)
-1%
9,070,942
125%
6,119,129
37%
11,757,222
39%
19,230,621
45%
1,690,663
5%
(8,040,991)
-49%
29,725,017
97%
1,587,902
4%
(6,990,617)
-23%
(1,696,491)
-10%
(1,741,995)
(52,033)
-6%
0%
2,925,823
(2,000,136)
7%
-5%
(6,328,404)
3,035,043
-20%
10%
Decrease (increase) in
Accounts Receivables
Furniture and Fixture
Office Equipment
Transportation
Tools
Other Assets
Current Liabilities
Net cash provided by
(Used in Operations)
Cash flows from
investing companies
Increase in
Investments
Acquisition of
property and
(1,219,745)
423%
-17%
2,443,611
40,373,158
34%
557%
13,659,756
83%
4,038,315
13%
5,179,370
12%
1,658,177
5%
20,002,404
276%
10,021,403
61%
43,726,526
143%
26,923,580
63%
7,564,862
24%
81,461
1%
68,786
0%
111,613
0%
95,603
0%
274,389
1%
(16,292)
0%
(13,757)
0%
(1,507,182)
-5%
(5,130,617)
-12%
(3,444,414)
-11%
20,067,573
277%
10,076,432
62%
42,330,957
139%
21,888,566
51%
4,394,837
14%
(30,665,562)
equipment
NET INCREASE IN
CASH
Cash at beginning of
the year
Cash at the end of the
year
(33,029,843)
456%
(1,656,919)
-10%
(4,385,296)
-60%
701,438
4%
(37,415,139)
516%
(955,481)
(17,347,566)
239%
9,120,951
24,598,433
339%
7,250,867
7,250,567
100%
16,371,518
-7%
(6,305,918)
-15%
-6%
CASH FLOWS
FROM FINANCING
ACTIVITIES
Proceeds from
issuance of shares of
stocks
Payments of
Intercompany payable
Payment of cash
dividends
Net Cash used in
financing activities
NET INCREASE
(DECREASE) IN
CASH
Cash at beginning of
the year
Cash at the end of the
year
(1,995,379)
56%
44%
100
%
15,000,000
49%
(41,176,072)
135%
(3,500,000)
-8%
(26,176,072)
-86%
(3,500,000)
-8%
14,119,506
46%
12,082,618
28%
16,371,818
54%
30,531,324
30,531,324
100%
42,613,942
72%
100
%
(1,099,405)
-4%
(15,000,000)
-49%
(16,099,405)
-52%
(11,704,668)
-38%
42,613,942
138%
30,909,274
100%
ASSETS
Current Asset
Cash
2010
24,598,433
.00
-71%
Accounts
Receivable
Other Current
Assets
TOTAL
CURRENT
ASSETS
131
%
16,731,818.
00
30,665,562
.00
26
%
38,553,726.
00
342,340.00
356
%
1,562,085.
00
240
%
5,306,437.0
0
24,940,77
3.00
57%
39,178,51
4.00
54
%
60,404,808
.00
82
%
77
%
33
%
23
%
2014
2015
30,531,324.0
0
40%
42,613,942
.00
27
%
30,909,274
.00
9,001,536.00
-18%
7,413,634.
00
297
%
29,445,322
.00
7,048,432.00
-42%
4,122,609.
00
154
%
10,451,013
.00
46,581,292.
00
16%
54,150,18
5.00
31
%
70,805,60
9.00
Non-Current
Assets
Property &
Equipment
27,913,594
.00
4,385,296.
00
Deferred Tax
Asset
Total NonCurrent
Asset
TOTAL
ASSETS
24,940,77
3.00
30%
24
%
72
%
21,162,983.
00
23
%
16,350,670.0
0
-7%
15,244,509
.00
1,246,262.0
0
4%
1,298,295.00
154%
3,298,431.
00
#DIV/
0!
2,432,763.
00
17,648,965.
00
19%
20,975,70
3
64,230,257.
00
17%
75,125,88
8.00
32,298,89
0.00
31
%
22,409,245
.00
71,777,40
4.00
15
%
82,814,053
.00
21
%
22
%
45
%
92
%
166
%
28
%
14
%
8,378,334.
00
263,388.00
6,459,634.
00
15,101,35
6.00
85,906,96
5.00
LIABILITIES
AND
STOCKHOLD
ERS EQUITY
Current
Liabilities
Accounts and
Other
Payables
3,628,855.
00
1180
%
Non-Current
Liabilities
Pension
Liability
TOTAL
LIABILITIES
46,445,624
22
%
56,765,380.
00
65
%
19,627,623.0
0
26%
1,186,408.
00
3,628,855
.00
121
3%
47,632,03
2
24,806,993
.00
7%
26,465,170
.00
2,899,600.
00
70
%
4,918,863.
00
19
%
56,765,380
.00
65
%
19,627,623.
00
41%
27,706,59
3.00
23
%
34,042,51
8.00
0%
25,000,000.
00
60
%
40,000,000.0
0
0%
40,000,000
.00
0%
40,000,000
.00
1,048,673.0
0
26,048,673
.00
339
%
71
%
4,602,634.00
61%
44,602,634.
00
6%
82,814,053
.00
22
%
64,230,257.
00
17%
EQUITY
Capital Stocks
Deficit
25,000,000
.00
(3,688,082.
00)
0%
-77%
25,000,000
.00
854,628.00
Retained
Earnings
Total Equity
21,311,91
8.00
13%
24,145,37
2.00
8%
TOTAL
LIABILITIES
AND
STOCKHOLD
ERS EQUITY
24,940,77
3.00
188
%
71,777,40
4.00
15
%
7,419,295.
00
47,419,29
5.00
75,125,88
8.00
61
%
9%
14
%
11,979,444
.00
51,864,44
7.00
85,906,96
5.00
For the year 2015,it is a bad year in the company because most of its assets had a negative results because of the
downfall of assets, liabilities and equity due to the selling sharing of stocks, raising the company's revenue etc. Also the
cash decreased due to the liability payments.
During 2014 & 2013, there is a decline of retained earnings because of the loss in its operations . However,2013 is the
best performance because of their high receivables amounted to P 11,351,735.66 which means that their company
collects faster that the current year and has better financial efficiency.
On year 2012, firms equity increases which is favorable for the company because its investors funded for the company's
operation because of its good impression during 2011.
2010
REVENUE
Service
Income
Interest
Income
23,867.00
241%
Other Income
EXPENSES
Direct
Operating
Expenses
General and
Administrativ
e Expenses
1,400.00
16%
45%
92,628,84
7
16%
68,786
107,406,676
.00
11%
2015
119,080,555
.00
18%
140,384,07
1.00
95,603.00
230%
315,460.00
766
16468
%
126,911.00
96%
4,578.00
-3%
4,449.00
2,736,005.
00
2222
%
63,540,046
.00
33%
84,200,10
1
15%
96,449,392.
00
6%
102,713,246
.00
22%
125,127,77
8.00
971,170.00
801%
8,752,756.
00
16%
7,376,163
-18%
6,023,052.0
0
24%
7,452,975.0
0
19%
8,890,741.
00
Interest Expenses
and Other
Financing Charges
Income (Loss)
Before Income
Tax
Provision For
(Benefit From)
Income Tax
Net Income
(Loss)
Other
Comprehensive
Income
Total
Comprehensive
Income (Loss)
81,461.00
21%
(3,683,3
08.00)
210%
4,036,154.
00
4,774.00
2509
3%
1,202,700.
00
(3,688,0
82.00)
177%
2,833,454.
00
1,750
72%
165
%
33%
1,120,385
352%
5,061,143.0
0
78%
9,014,515.0
0
-26%
6,685,461.
00
(782,916)
-293%
1,507,182.0
0
79%
2,697,854.0
0
-21%
2,125,312.
00
1,903,301
87%
3,553,961.0
0
78%
6,316,661.0
0
-28%
4,560,149.
00
(3,688,0
82.00)
177%
2,833,454.
00
(114,997.0
0)
33%
1,903,301
87%
3,553,961.0
0
0%
3,553,961.0
0
25%
4,442,152.
00
For the year 2011, the companys total revenue is higher than its total revenue.
After deducting expenses, they still have a positive and better total comprehensive
income than in previous year.
In 2012, net income lowered by -11% as their direct operating expenses increase
by 33%. Upon seeing the financial statements and as direct operating expenses are
concerned, half of it only goes to Constracted services. This services occurred 2 years
ago when they entered into an agreement with the Business process Outsourcing
International, Inc. (BPOI) regarding in processing of accounting transactions.
In 2013, even though the company had bigger expenses, they still gain profit.
They recorded 16 percent increase for their revenue as compared last year. Their Php
5,061,143 income before tax was deducted by Php 1,507,182 provision for income tax.
Hence, they got an 87% in net income.
During 2014, the company continue to raise its revenue by 11%, from Php
107,406,676 last year up to Php 119,080,555 this year. Direct Operating Expenses are
considered again as a problem in terms of deduction to get their net income.
For the year 2015, the company have the biggest direct operating and general &
administrative expenses with the total of Php 134,018,519.00 or 41% compared to 31%
last year. In accordance with the financial statements, Manpower costs have the biggest
portion in the two expenses. Despite its highest expenses, this year, the company also
accumulated their biggest revenue. Their total comprehensive income increases by
25%.
CASH FLOWS
FROM
OPERATING
ACTIVITY
Income before
income tax
Adjusted for:
Depreciation
Interest Income
Operating
income before
changes in
working Capital
Decrease
(increase) in
Trade and other
receivables
Other current
assets
2010
2011
2012
2013
2014
2015
(3,683,308.00
)
4,036,154
-210%
1,120,385
-72%
5,061,143
352%
9,014,515
78%
6,685,461
-26%
-57%
-15%
7,965,680
1,854,982
(315,460)
7%
-36%
232%
-91%
(23,867.00)
(3,707,555.00
)
5,116,249
(81,461)
9,070,942
241%
5,067,520
(68,786)
-1%
-16%
6,807,692
(111,613)
34%
62%
7,412,109
2,899,600
(95,063)
-345%
6,119,129
-33%
11,757,222
92%
19,230,621
64%
1,690,663
(8,040,991)
-74%
29,725,017
-470%
1,587,902
-95%
(6,990,617)
(1,696,491)
39%
(1,741,995)
3%
2,925,823
-268%
(6,328,404)
(2,000,136
)
3744
%
3,035,043
(30,665,562)
(342,340.00)
(1,219,745)
256%
(52,033)
Increase in:
Accounts and
other payables
Due to related
parties
Net cash
provided by
3,628,855.00
2,443,611
540%
316%
252%
-33%
13,659,756
459%
4,038,315
-70%
5,179,370
28%
1,658,177
-68%
4855%
10,021,403
-50%
43,726,526
336%
26,923,580
-38%
7,564,862
-72%
40,373,158
(420,660.00)
20,002,404
(used in)
operations
Interest received
Income taxes
paid
Net cash
provided by
(used in
operating
activities)
23,867.00
81,461
241%
68,786
-16%
111,613
(4,774.00)
(16,292)
241%
(13,757)
-16%
(1,507,182)
(401,567.00)
20,067,573
5097%
10,076,432
-50%
(33,029,843)
(1,656,919)
-95%
(4,385,296)
701,438
(37,415,139)
(955,481)
CASH FLOWS
FROM
INVESTING
ACTIVITIES
Additions to:
Property and
equipment
Recoverable
deposits and
other noncurrent
assets
Net cash used in
investing
activities
CASH FLOWS
FROM
FINANCING
ACTIVITIES
Proceeds from
issuance of
shares of stocks
Payments of
Intercompany
25,000,000.00
38%
10856
%
95,603
(5,130,617
)
42,330,957
320%
(1,995,379)
20%
-97%
-14%
274,389
187%
240%
(3,444,414)
-33%
21,888,566
-48%
4,394,837
-80%
(6,305,918
)
216%
(1,099,405)
-83%
(16,099,405)
15,000,000
(41,176,072
)
payable
Payment of cash
dividends
Net Cash used in
financing
activities
NET
INCREASE
(DECREASE)
IN CASH
Cash at
beginning of the
year
Cash at the end
of the year
(3,500,000
)
(26,176,072
)
24,598,433.00
(17,347,566)
-171%
24,598,433
24,598,433.00
7,250,567
-71%
(3,500,000
)
9,120,951
153%
14,119,506
55%
12,082,618
-14%
(11,704,668)
197%
7,250,867
-71%
16,371,818
126%
30,531,324
86%
42,613,942
40%
16,371,518
126%
30,531,324
86%
42,613,942
40%
30,909,274
-27%
Aprisa Business Process Solutions Inc. has increasing net cash from 2011 to 2014 but
drop down in 2015. The net cash in 2011 to 2012 increased by 126%, 86% from 2012 to
2013, 40% from 2013 to 2014 but decreased by 27% from 2014 to 2015. The 27% drop down
was caused by the large amount of cash used in investing activity in 2015
.
Current Assets
Current Liabilities
Cash and Cash
Equivalent
Receivables
Current Ratio
Quick Ratio
Cash Ratio
2011
39,478,514.0
0
47,632,032.0
0
7,250,867.00
30,665,562.0
0
0.83
UF
0.80
F
0.15
UF
2011
Net Income
Net Sales
Total Equity
Total Assets
Gross Profit
Operating
Income
2,833,454.00
76,328,956.0
0
24,145,372.0
0
71,777,404.0
0
76,328,956.0
0
72,292,802.0
0
Liquidity Ratio
2012
2013
60,404,808. 46,581,292
00
.00
56,765,380. 19,627,623
00
.00
16,371,818. 30,531,324
00
.00
38,726,553. 9,001,536.
00
00
1.06
2.37
UF
F
0.97
2.01
F
UF
0.29
1.56
UF
UF
Profitability Ratio
2012
2013
1,903,301.0 3,553,961.
0
00
92,628,847. 107,533,58
00
7.00
26,048,673. 44,602,634
00
.00
82,814,053. 64,230,257
00
.00
92,698,399. 102,472,44
00
4.00
1,120,385.0 5,061,143.
0
00
2014
54,150,185
.00
24,806,993
.00
42,613,942
.00
7,413,634.
00
2.18
F
2.02
UF
1.72
2015
70,805,609
.00
29,123,655
.00
30,909,274
.00
29,445,322
.00
2.43
F
2.07
UF
1.06
UF
UF
2014
6,316,661.
00
119,080,55
5.00
47,419,295
.00
75,125,888
.00
119,180,73
6.00
2015
4,445,152.
00
140,703,98
0.00
51,864,447
.00
85,906,965
.00
140,703,98
0.00
6,685,461.
00
Service: 1.29
CreditGuru.com
General: >1
Retailabout.com
Service: 0.30
-1
Acctngcourse.co
m
Return on Equity
Return on Total
Assets
Operating Profit
Margin
Net Profit Margin
Gross Profit
Margin
Total Assets
Total Liabilities
Total Equity
Debt Ratio
Equity Ratio
Debt-to-Equity
Ratio
0.23
0.08
0.1
0.14
0.09
UF
UF
UF
UF
UF
0.08
0.02
0.05
0.09
0.06
UF
UF
UF
UF
UF
0.95
0.01
0.05
0.00
0.05
UF
UF
UF
UF
UF
0.04
0.02
0.03
0.05
0.03
UF
UF
UF
UF
8.82
10.18
6.26
4.2
4.3
2014
75,125,888
.00
27,706,593
.00
47,419,295
.00
2015
85,906,965
.00
34,042,518
.00
51,864,447
.00
2011
71,777,404.0
0
47,632,032.0
0
24,145,372.0
0
Solvency Ratio
2012
2013
82,814,053. 64,230,257
00
.00
56,765,380. 19,627,623
00
.00
26,048,673. 44,602,634
00
.00
0.66
0.69
0.31
0.37
0.40
0.34
0.31
0.69
0.63
0.60
UF
UF
UF
UF
UF
1.97
2.18
0.44
0.58
0.66
UF
UF
UF
GENERAL:
15% - 20%
myacctngcourse
.com
GENERAL:
10% - 15%
myacctngcourse
.com
GENERAL: 9%
and above
acctngexplained
.com
SERVICES: 5%
and above
quora.com
SERVICES:
70.5% and
above
quora.com
GENERAL: 0.7
and lower
readyratios.com
GENERAL:
0.30 and
lower
readyratios.com
SERVICES: as
low as 0.50
en.tradimo.com
Accounts
Receivable
2011
71,777,404.0
0
30,665,562.0
0
Accounts Payable
6,072,466.00
Sales
76,328,956.0
0
Net Income
2,833,454.00
Assets
Accounts
Receivable
Turnover (DSO)
Accounts
Receivables
Turnover in Days
Efficiency Ratio
2012
2013
82,814,053. 64,230,257
00
.00
38,726,553. 9,001,536.
00
00
56,765,380. 19,627,623
00
.00
92,698,399. 107,533,58
00
7.00
1,903,301.0 3,553,961.
0
00
2014
75,125,888
.00
7,413,634.
00
24,806,993
.00
119,180,73
6.00
6,316,661.
00
2015
85,906,965
.00
29,445,322
.00
29,123,655
.00
140,703,98
0.00
4,445,152.
00
4.98
2.67
16.71
3.63
1.91
73.29
136.70
21.84
100.55
191.10
UF
UF
UF
UF
1.58
1.2
1.46
1.71
1.75
231.01
304.17
250.00
213.45
208.57
UF
UF
UF
UF
UF
Accounts Payable
Turnover (DPO)
16.34
2.95
2.82
5.36
5.22
Accounts Payable
Turnover in Days
22.34
123.73
129.43
68.10
69.92
UF
Total Asset
Turnover
Total Asset
Turnover in Days
SERVICE:
Average of 15
days
creditguru.com
SERVICE:
Average of 15
days
creditguru.com
SERVICE: 30
to 60 days
www.accountin
gsimplified.com
B. TREND LINE
Aprisas's Solvency
Aprisa's Liquidity
3.5
2.5
1.5
0.5
1
0
2011
0
2011
2012
Current Ratio
2013
Quick Ratio
2014
Cash Ratio
2015
2012
2013
Debt Ratio
Debt-to-Equity Ratio
2014
Equity Ratio
2015
Aprisa's Profitability
12.00
10.00
8.00
6.00
4.00
2.00
0.00
2011
2012
2013
2014
Return on Equity
2015
180
160
140
120
100
80
60
40
20
0
2011
2012
2013
2014
Total Asset Turnover
2015
VI. Z score
Aprisa Business Process Solution Inc.
2011
Factors
Weig
ht
3.25
Constant Factor
Working Capital to
Ratio A for
6.56
X1
Total Assets
Retained Earnings to
Ratio B for
3.26
X2
Total Assets
Earnings Before Interest & Tax
Ratio C for
to
6.72
X3
Total Assets
Total
Equity to
Ratio D for
1.05
X4
Total Liabilities
Z"-SCORE
Interpretation: Z">5.85: Safe, >4.35/<5.85:Grey,
<4.35: Distressed
Amount
-8,153,518
71,777,404
0
71,777,404
4,036,154
Ratio
Z"-Score
-0.11
-0.75
0.06
0.38
0.52
0.55
71,777,404
25,000,000
47,632,032
0.18
Distressed
2012
Amount
Ratio
Score
0.04
0.29
0.01
0.04
0.01
0.09
0.46
0.48
3,639,428
82,814,053
1,048,673
82,814,053
1,120,385
82,814,053
26,048,678
56,765,380
0.9
Distressed
2013
Rati
Amount
o
26,953,669
64,230,257
4,602,634
64,230,257
Scor
e
0.42
2.75
0.07
0.23
5,061,143
0.08
0.53
2.27
2.39
64,230,257
44,602,634
19,627,623
5.9
Safe
2014
Amount
Ratio
Score
0.39
2.56
0.1
0.32
0.12
0.81
1.71
1.8
29,343,192
75,125,888
7,419,295
75,125,888
9,014,515
75,125,888
47,419,295
27,706,593
5.49
Grey
2015
Rati
o
Scor
e
0.49
3.18
0.14
0.45
0.08
85,906,965.00
51,864,447.00
1.52
34,042,518.00
5.76
0.52
Amount
41,681,954.00
85,906,965.00
11,979,448.00
85,906,965.00
6,685,461.00
Grey
1.6
2011
DuPont Analysis
2012
2013
NET PROFIT MARGIN
3,553,961.00
2014
2015
6,316,661.00
4,445,152.00
t Income
2,833,454.00
1,903,301.00
Sales
Ratio
ndings
76,246,095.00
0.04
UF
119,080,555.00
0.05
F
140,384,071.00
0.03
UF
Sales
76,246,095.00
92,628,847.00
107,406,676.00
0.02
0.03
UF
UF
ASSET TURNOVER
92,628,847.00
107,406,676.00
119,080,555.00
140,384,071.00
tal Asset
71,777,404.00
82,814,053.00
75,125,888.00
85,906,965.00
Ratio
ndings
1.06
UF
1.71
UF
1.74
UF
64,230,257.00
1.2
1.46
UF
UF
FINANCIAL LEVERAGE
al Assets
71,777,404.00
82,814,053.00
64,230,257.00
75,125,888.00
85,906,965.00
Total
reholder'
Equity
24,145,372.00
26,048,673.00
44,602,634.00
47,419,295.00
51,864,447.00
2.97
UF
3.3
UF
1.82
UF
1.63
UF
1.73
UF
0.1
UF
0.14
UF
0.09
UF
Ratio
ndings
Ratio
ndings
ROE
0.12
UF
0.08
UF
The table above shows the entity's DuPont analysis of Aprisa Business Process Solutions
Inc. from 2011 to 2015. Their Net Profit Margin, Asset Turnover and Financial Leverage are
unfavorable. This means that the three performances is the main factor that leads to an
unfavourable return on equity. Also, the entity is in the poor management performance and on a
highly conservative business approach.
2010
Retaine
d
Earning
s
Dividen
d
declare
d
Net
Income
Total
Equity
Retenti
on Rate
Return
on
Equity
Growth
Potenti
al Ratio
4,658,350
.62
2014
2015
6,658,350.
62
7,609,783
.01
10,322,188
.20
11,839,63
6.43
1,616,724.
23
(1,562,268.
86)
(437,731.
14)
(2,000,000.
00)
3,600.00
12,001,600
.00
12,322,188
.20
1,521,048.
23
14,839,63
6.43
1,778,687.
80
4,616,724.
23
8,658,350.
62
513,701.2
5
9,609,783
.01
457%
185%
381%
100%
-575%
5%
5%
6%
10%
39%
23%
10%
22%
10%
-221%
437,731.14
712,405.19
The company has low cash and cash equivalents on hand for years 2011 and
2012 and too much idle cash on hand for years 2013 to 2015.
The company's quick ratio was unfavorable for years 2013 to 2015.
The firm is insufficient in managing its return on assets ratio for the past five
years.
The company has a low net income after tax.
The company is highly leveraged and a large portion of the firms total capital is
X. SOP map
Symptoms
Cause
Main Cause
Aprisa Business
Process
Solutions, Inc.
has a poor
expense
management.
Shareholders equity is
insufficient to generate income
because of high operating
expense of the firm.