Friday, April 2, 2010

Study on Ajiya

One of the solid company i like. Worth to have a look if it retrace.

mp2.06
share amount : 69,223,821

total current assets
176,266

receivable
82,064

inventories
56,918

receivable
((82,064 + 84,144)/2 / 313100) x 365 = 96days ( Ok , standard)

cash
37,284

cash per share
37,248/69,224 = 0.53

borrowing
5,177


Current liabilities
Trade and other creditors
38,960
Short term borrowings
15,605
Taxation
1,203
55,768
Total liabilities
60,945

if receivable net off current liabilities, its inventory will translate to
56,918/69,224 = 0.82

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