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Group members:
Class Serial
No

ID

NAME

Section

04

1032000
29

Md. Nazrul
Islam

03

09

121200096

Md. Khalid Hossain

03

02

101200218

Md. Sadek Hossain

03

13

1222000
70

Md Tanvir
Hossain

03

06

1212000
56

Tanvir Ahmed

03

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Apex Foods Limited

Apex Foods Co., Ltd. is the subsidiary of Apex Group Co.,

Ltd. established in 1994.

As a multi-faceted manufacturer of food product, Apex Food

supplies fresh, fresh-frozen and frozen foods, in a multitude

of rigid and flexible packaging, as refrigerated and shelfstable according to client needs.

They are determine to deliver the best standard of

production by choosing good quality of raw materials and
manufacturing all products in high hygienic rooms.

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Objective of the study:

Broad Objectives:
To determine the financial analysis performance of a company (Apex Foods
Limited).

Specific Objectives:
To know the earning capacity or profitability.
To know the liability of the company.
To get knowledge about the total asset of the company.
To identify their market and ratio analysis (Current, Quick, Cash and etc.)

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METHODOLOGY
DATA COLLECTION METHOD :
Primary Data:
Secondary Data:

Limitations :
Non-availability of some latest data.
Shortage of knowledge.
Inadequate information of the companys web portal.
There is chance of having error in any stage of data collection,
data entry, data organizing, data presentation, interpretation of
result, etc.
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Strengths:

SOWT Analysis of
APEX Food

Apex Food also has a strong real estate portfolio. The

companys outlets are located in areas that are highly

known for visibility, traffic volume and ease of access.
Apex food also has exceptional brand recognition. This
strong brand recognition creates significant opportunities for
the company.
Apex Food is able to generate more sales because of its
brand recognition.
Weaknesses:

Limited financial resources and funding sources.

Dependent on domestic market.
Lack of skills on leadership, advocacy.
Inadequate promotional activities, marketing.

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Cont
Opportunities:
Apex Food also has the opportunity to advertise its less

popular products.
Dealing with key crops and products in the economy.
Political stability in most countries.
Trade liberalization leading to existence of domestic, regional

and international markets.

Threats:
Apex Foods keeps up with competitors through expensive promotional
campaigns which leads to limited margins to gain market share.
People are constantly trying to change their eating and drinking habits. This
could directly affect the sale of Apex Food products.

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a). Current ratio :

Current Assets
CR
Current Liabilities

Year
2010
2011
2012
2013

CR
1.685121923
1.363335056
1.393054738
1.248392893

The Current Ratio of Apex Food in 2010 is 1.68, 2011 is 1.36 and 2012 is
1.39. So Apex Food is higher Current Ratio in 2010. Here we can see that
Current asset increased than previous years but current liabilities
decrease as ratio is also deceased.
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b) The Quick Ratio:

Current Assets Inventories

QR
Current Liabilities

Year
2010
2011
2012
2013

QR
0.677939263
0.387909983
0.577221931
0.472123008

The Quick Ratio of Apex food in 2010 is 0.67, 2011 is 0.38 and 2012 is 0.57. So Apex Food
is higher Quick Ratio in 2010. Here Current Liabilities decreases than the previous year as
quick ratio also decreased.
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c) The Cash Ratio:

Cash Ratio over the period

Year
2010
2011
2012
2013

CR
0.530894463
0.297965691
0.378378403
0.267174142

The Cash Ratio of Apex Food in 2010 is 0.53, 2011 is 0.29 and 2012 is 0.37.
So Apex Food is higher cash ratio in 2010.
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D) Inventory Turnover Ratios

Year

Inventory
Turnover
(times)

201
0
201
1
201
2
201
3

3.467091194

Ratio

3.242854582

5.070499276

3.366224879

Inventory Turnover Ratio of Apex Food in 2010 is 3.46, 2011 is 3.24 , 2012
is 5.07and 2013 is 3.3666. So Apex Food is higher Inventory Ratio in 2012.
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Year

Accounts
Receivable Turnover
Ratio (times)
148.0386611

E) Accounts Receivable Turnover Ratio:

2010
2011
2012
2013

217.6057261
86.12100888
33.68034404

Account Receivable Turnover Ratio of Apex Food In 2010 is 148.03, 2011 is

217.60 , 2012 is 86.12 and 2013 is 33.680. So Apex Food is higher Account
Receivable Turnover Ratio in 2011.
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F). AVERAGE COLLECTION

PERIOD:

Year
2010
2011
2012
2013

Avg.
Collection
Periods
Ratio
(days)
2.43179719
1.654368231
4.180164686
10.68872692

Average Collection Periods of Apex Food in 2010 is 2.43, 2011 is 1.65 ,

2012 is 4.18 and 2013 is 10.6887. So Apex Food is higher Average
Collection Periods in 2011.
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Year

2010

Fixed
Turnover
(times)
18.44430758

2011

14.78177127

2012

11.2688479

2013

9.442224895

G). Fixed Asset Turnover Ratio:

Net Sales
Fixed Asset Turnover
Net Fixed Assets

Asset
Ratio

Fixed Asset Turnover Ratio of Apex Food in 2010 is 18.44, 2011 is 14.78 , 2012 is
11.26 and 2013 is 9.44. So Apex Food is higher Fixed Asset Turnover Ratio in
2010.
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Year

Total
Asset
Turnover
Ratio (times)

2010

3.889959501

2011

2.159583155

2012

2.503059658

2013

1.879687198

H). Total Asset Turnover Ratio:

Net Sales
Total Asset Turnover
Total Assets

Total Asset Turnover Ratio of Apex Food in 2010 is 3.88, 2011 is 2.15, 2012
is 2.50 and 2013 is 1.87. So Apex Food is higher Total Asset Turnover Ratio
2010.
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I. Leverage Ratio or Debt to

asset ratio RatiosTotal Liabilitie s

Total Debt Ratio

Total Assets

Year

Debt
to
Asset Ratio
(%)

2010
2011
2012
2013

0.292329409
0.727172755
0.649079844
0.70553628

Debt to Asset Ratio of Apex Food in 2010 is 29.23%, 2011 is 72.71% ,

2012 is 64.90% and 2013 is 70.55%. So Apex Food is higher Debt to
Asset Ratio in 2011.
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Year

Debt
To
Equity Ratio
(%)

2010
2011
2012
2013

0.413086842

J). The Debt to Equity Ratio:

Long-Term Debt/Liability
Debt to Equity Ratio = -------------------------------------------Total Equity

0.36960883
0.258413733
0.217240405

Debt to Equity Ratio of Apex Food in 2010 is 41%, 2011 is 36%, 2012 is
25% and 2013 is 21.7%. So Apex Food is higher Debt to Asset Ratio in
2010.

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Gross Pr ofit ( Sales Re venue CGS )

Net Sales

k.

Year

Gross
Margin
(%)

2010
2011
2012
2013

0.000098
0.000008
0.000077
0.108108

Profit
Ratio

Gross Profit Margin Ratio

Gross Profit Margin Ratio of Apex Food in 2010 is 9.8 %, 2011 is 8.2% , 2012 is 7.7%
and 2013 is 1.08%. So Apex Food is higher Gross Profit Margin Ratio in 2010.

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L. Operating Profit Margin

Year
2010
2011
Ratio:
2012
2013

OPM (%)
0.0000005
0.000002
0.000004
0.00625

Operating Profit Margin Ratio of Apex Food in 2010 is 5.2%, 2011 is 2.8%, 2012 is 4.6%
and 2013 is 6.25%. So Apex Food is higher Operating Profit Margin Ratio in 2013.We can
observe the bar chart the operating profit margin ratio in 2013 is more than .006, but in
2010, 2011, and 2012 in less than .001. Because it can coverage less net income. In 2013
has high net operating income so, it has high OPM.
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M). Net Profit Margin Ratio:

Net Income
NPM
Sales

Year
2010
2011
2012
2013

NPM (%)
0.000003
0.000004
0.000003
0.00438

Net Profit Margin Ratio of Apex Food in 2010 is 3.8%, 2011 is 3.4%, 2012 is 3.9% and
2013 is 4.38%. So Apex Food is higher Net Profit Margin Ratio in 2013.We can observe
the bar chart the net operating profit in 2013 is more than .004, but in 2010, 2011, and
2012 in less than .001. Because it can coverage less net income.

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N). Return
on eTotal Assets
Net Incom
ROA

Total Assets

Year
2010
2011
(ROA)
2012
2013

ROA (%)
0.000015
0.000007
0.000009
0.00824

ROA of Apex Food in 2010 is 1.5%, 2011 is 7.3% , 2012 is 9.8% and 2013 is 8.24%.
So Apex Food is higher ROA in 2012.We can observed the bar chart the return on
Asset in 2013 is more than .008, but in 2010 is more than .001 , IN 2011,2012 in less
than .001. because it can coverage less net income in 2011,2012, in 2013 is high net
income ,for this reasons it can coverage high ROA
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O). Return on Equity (ROE):

Year

Return
on
Equity Ratio
(%)

2010
2011
2012
2013

0.0000213
0.000027
0.000028
0.0279883

ROE of Apex Food in 2010 is 2.1%, 2011 is 2.7 %, 2012 is 2.8% and 2013 is 2.799%. So
Apex Food is higher ROE in 2012.We can observe the bar chart the return on equity in
2013 is more than .025, but in 2010, 2011, and 2012 in less than .005. Because it can
coverage less net income.
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Findings:
Apex Food Ltd. Company has a huge number of

capitals.
They are designed their products and services
luxury and elegance.
Their product price is high than other competitors.
The ability of the company to meet its current
obligation is not very good.
It has big amount turn over.
Times Interest Earned Ratio is good.
The Debt to Equity Ratio is low.
Return on Equity (ROE) is very low.
Low Liquidity Ratio
High Debt Burden
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Conclusion:
Going through report on Apex Food Limited we have

finally come to some points that this company has lot

of opportunities to become a successful and profitable
company in the business market of Bangladesh very
particularly in the sector of food.
Ratio analysis and graphical presentation shows that

Apex food company has a huge turn over which is

very much positive for this company.
This company needs to work on publicity to explore

its product to the customers. Over all this is to remark

that this company has a chance to grab the food
market of Bangladesh.
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