CFA  FSA Ratios.txt
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Current Ratio
Current Assets / Current Liabilities

Quick Ratio
(Cash + Marketable Securities + Receivables) / Current Liabilities

Cash Ratio
(Cash + ShortTerm Marketable Securities)/Current Liabilities

Receivables Turnover
Net annual sales / Average receivables

Average Receivables Collection Period
365 / Receivables Turnover

Inventory Turnover
Cost of Goods Sold / Average Inventory

Average Inventory Processing Period
356 / Inventory Turnover

Payables Turnover
Cost of Goods Sold / Average Payables

Average Payables Payment Period
365 / Payables Turnover

Total Asset Turnover
Net Sales / Average total net assets

Fixed Asset Turnover
net sales / average net fixed assets

equity turnover
net sales / average equity

Gross Profit Margin
gross profit / net sales

Operating Profit Margin
Operating profit / net sales
or
EBIT / net sales

Net Profit Margin
Net Income / Net Sales

Return on Assets
Net Income / Average Total Assets

Return on total invested capital
(Net income + interest expense) / (Interest bearing debt + shareholder's equity)

Return on Total Equity
net income / average total equity

interest burden rate
Interest expense / total assets

Tax Retention Rate
1  (dividends declared / operating income after taxes)

Financial Leverage Ratio
Total Assets / Total Equity

LT Debt to Equity Ratio
Total LT Debt / Total Equity

Debt to Equity Ratio
Total Debt / Total Equity

Debt to Capital ratio
(ST Debt + LT Debt) / (ST Debt + LT Debt + Total Equity)

Interest Coverage
EBIT / Interest Expense

Payout Ratio
Dividends Paid / Net Income

Retention Ratio (b)
1  Payout Ratio

EPS
(Net Income  Preferred dividends) / Total # of common shares outstanding

Book Value per Share
Common Stockholder's equity / Total # of common shares outstanding