North Eastern Carrying Corporation Key Ratios

Dupont Analysis

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
ROE	9.38%	10.71%	8.60%	8.05%	7.40%
PAT margin	1.02%	1.05%	1.04%	1.10%	0.96%
Asset Turnover	3.97x	3.96x	3.37x	3.27x	3.20x
Leverage	2.46x	2.46x	2.44x	2.35x	2.26x

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
Inventory Days	0.0	0.0	0.0	0.0	0.0
Receivable Days	66.8	68.0	78.3	79.2	82.2
Payable Days	0.0	0.0	0.0	0.0	0.0
Cash Conversion Cycle	66.8	68.0	78.3	79.2	82.2

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
ROE	9.38%	10.71%	8.60%	8.05%	7.40%
ROCE	13.07%	14.27%	12.98%	12.90%	11.21%
ROA	3.82%	4.35%	3.52%	3.43%	3.27%