Kokuyo Camlin Key Ratios

Dupont Analysis

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROE	2.33%	2.43%	0.67%	4.21%	6.24%
PAT margin	0.92%	0.85%	0.24%	1.56%	2.21%
Asset Turnover	1.42x	1.51x	1.50x	1.33x	1.33x
Leverage	1.89x	1.98x	2.06x	2.06x	2.13x

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Inventory Days	74.0	70.3	70.2	85.6	94.8
Receivable Days	47.5	47.7	52.2	61.7	60.2
Payable Days	99.5	95.3	81.7	73.8	73.0
Cash Conversion Cycle	22.0	22.7	40.8	73.5	82.0

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROE	2.33%	2.43%	0.67%	4.21%	6.24%
ROCE	4.96%	5.97%	4.09%	6.60%	8.57%
ROA	1.23%	1.23%	0.33%	2.04%	2.93%