BLB Key Ratios

Dupont Analysis

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROE	-1.78%	1.78%	1.52%	1.27%	-5.65%
PAT margin	-1.01%	0.27%	0.55%	0.34%	-0.60%
Asset Turnover	2.21x	3.89x	1.90x	2.78x	3.65x
Leverage	1.33x	1.36x	1.44x	1.68x	1.54x

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Inventory Days	37.8	13.7	18.9	28.6	27.7
Receivable Days	18.9	10.5	15.8	10.2	9.0
Payable Days	4.2	1.2	2.7	3.9	3.2
Cash Conversion Cycle	52.5	23.0	32.1	34.9	33.5

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROE	-1.78%	1.78%	1.52%	1.27%	-5.65%
ROCE	-0.06%	3.30%	4.41%	4.58%	-0.40%
ROA	-1.34%	1.31%	1.05%	0.76%	-3.68%