... in practically every country of the world where metal packaging is produced. The company have been in this business for 120 years, with its main markets in Asia and Europe. Group Financial Performance 2005 Imagelinx £m LTG Mailander £m Total Total Sales 7.9 44.3 51.3 Group Financial Performance 2004 Imagelinx £m LTG Mailander £m Total Total Sales 7.3 48.2 55.6 Group turnover declined 6%. There was no material effect from the exchange rates movement. Multivariate Significant Ratios Profitability Year Year 2005 2004 (ROCE) -£793,000 -£2,281,000 Return on Capital Employed -£1,302,000 -£3,135,000 Results (%) 60.91 72.76 Net Profit Margin -£793,000 -£2,281,000 £52,263,000 £55,570,000 Results (%) - 1.52 - 4.10 Gross Profit Margin £16,705,000 £16,812,000 £52,263,000 £55,570,000 Results (%) 31.96 30.25 Efficiency Ratios Average Stock Turnover £6,346,000 £8,423,000 £35,558,000 £38,758,000 Results (Days) 65 79 Average Settlement Date for Debtors £9,804,000 £10,199,000 £24,282,000 £23,021,000 Results (Days) 147 162 Average Settlement days for creditors £24,282,000 £23,021,000 £35,558,000 £38,758,000 Results (Days) 249 217 Asset Turnover Ratios £52,263,000 £55,570,000 £17,097,000 £19,554,000 Results (Times) 3.06 2.84 Sales Per Employee £52,263,000 £55,570,000 430 430 Results £121,541.86 £129,232.56 Liquidity Current Ratio £17,097,000 £19,554,000 £14,274,000 £10,887,000 Results 1.20 1.80 Acid Test Ratio £10,751,000 £11,131,000 £14,274,000 £10,887,000 Results 0.75 1.02 Gearing £5,503,000 £5,602,000 £53,369,000 £53,369,000 Results 0.103 0.105 Altman's Fiscal Fitness of Company 1. £52,263,000 Earning Before Interest & Taxes 2. £17,097,000 Total Assets 3. £16,299,000 Net Assets 4. £17,097,000 Market Value & Equity 5. £14,274,000 Total Liabilities 6. £17,097,000 Current Assets 7. £14,274,000 Current Liabilities 8. (£793,000) Retained Earnings 12.02 The Company is considered Safe Summary & Conclusion Profitability In 2004 the company did not perform ...

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