Ration AnalysisAccounting Capstone Toshiba corp. (tosbf) income...

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Ration AnalysisAccounting Capstone										Toshiba corp. (tosbf) income statement														2013														2012														Period End Date			03/31/2013			03/31/2012							Stmt Source			N/A			Annual							Stmt Source Date			03/31/2013			05/08/2013							Stmt Update Type			Original			Updated							Currency Code			JPY			JPY															Total Revenue										5,935,259.0														6,204,725.0																		Cost of Revenue			4,384,414.0			4,635,197.0											Gross Profit										1,550,845.0														1,569,528.0																		Selling,General and Administrative			1,221,551.0			1,262,402.0							Interest Income/Expense,Net-Operating			-32,692.0			-31,815.0							Other Operating Expenses			0.0			0.0											Operating Expenses										1,395,292.0														1,423,949.0																						Operating Income										155,553.0														145,579.0																		Net Interest Income			-32,692.0			-31,815.0											Pretax Income										155,553.0														145,579.0																		Provision for Income Tax			59,827.0			64,223.0							Minority Interest			18,193.0			10,007.0							Discontinued Operations			0.0			-1,295.0											Net Income										77,533.0														70,054.0																		Dividend Per Share			7.59			7.60							Tax Rate			0.384608			0.255000											Basic EPS			18.31			16.54							Basic Weighted Average Shares							Basic EPS from Continuing Operations							Basic EPS from Discontinued Operations							Basic EPS,Continuing and Discontinued							Diluted EPS			18.31			16.32							Diluted Weighted Average Shares							Diluted EPS from Continuing Operations							Diluted EPS from Discontinued Operations							Diluted EPS,Continuing and Discontinued																	Toshiba corp. (tosbf) Balance sheet										2013														2012														Period End Date			03/31/2013			03/31/2012							Stmt Source			N/A			Annual							Stmt Source Date			03/31/2013			05/08/2013							Stmt Update Type			Original			Updated							Currency Code			JPY			JPY															Assets										Cash, Equiv and Short Term Investments			209,169.0			214,305.0							Cash and Cash Equivalents							Receivables			1,372,307.0			1,307,634.0							Accounts Receivable							Notes Receivable							Receivables Adjustments/Allowances							Inventories			1,003,108.0			884,187.0							Finished Goods							Other Inventories							Raw Materials							Work-in-Process							Prepaid Assets and Others			579,123.0			603,387.0							Deferred Current Assets			0.0			0.0							Deferred Taxes,Current Assets			0.0			0.0											Total Current Assets										3,163,707.0														3,009,513.0																		Net Property,Plant,and Equipment			884,680.0			851,365.0							Gross Property,Plant,and Equipment							Land and Improvements							Buildings and Improvements							Machinery,Furniture/Equipment							Construction in Progress							Accumulated Depreciation							Goodwill and Other Intangible Assets			0.0			0.0							Goodwill							Other Intangible Assets							Investments and Advances			675,809.0			652,061.0							Notes Receivable,Non-Current			0.0			0.0							Deferred Non-Current Assets			0.0			0.0							Other Non-Current Assets			1,382,536.0			1,239,798.0											Total Non-Current Assets										2,943,025.0														2,743,224.0																						Total Assets										6,106,732.0														5,752,737.0																						Liabilities and Shareholders' Equity										Payables			0.0			0.0							Accounts Payable							Taxes Payable							Accrued Expenses,Current			0.0			0.0							Current Debt			1,623,329.0			1,619,169.0							Notes Payable,Current							Other Current Borrowings							Other Current Liabilities			1,120,395.0			1,050,393.0											Total Current Liabilities										2,743,724.0														2,669,562.0																		LT Debt and Capital Lease Obligation			1,231,036.0			1,073,550.0							Long Term Debt							Accrued Expenses,Non-Current			715,450.0			779,414.0							Employee Benefits			0.0			0.0							Minority Interest			382,066.0			366,730.0							Other Non-Current Liabilities			0.0			0.0											Total Non-Current Liabilities and MI										2,328,552.0														2,219,694.0																						Total Liabilities										5,072,276.0														4,889,256.0																		Capital Stock			439,901.0			439,901.0							Common Stock							Retained Earnings			635,586.0			591,932.0							Additional Paid in Capital			404,430.0			401,125.0							Treasury Stock			-1,542.0			-1,498.0							Accum Gains/ Losses Not Affecting RE			-443,919.0			-567,979.0											Total Equity										1,034,456.0														863,481.0																						Total Liabilities and Equity										6,106,732.0														5,752,737.0																		Ordinary Shares Outstanding			4,234.97			4,234.97																	Toshiba corp. (tosbf) Statement of cash flows														2013														2012														Period End Date			03/31/2013			03/31/2012							Stmt Source			N/A			Annual							Stmt Source Date			03/31/2013			05/08/2013							Stmt Update Type			Original			Updated							Currency Code			JPY			JPY											Net Income			95,726.0			80,061.0							Net Income from Continuing Operations							Operating Gains/Losses			-13,889.0			-13,926.0							Gain/Loss on Sale of Property,Plant and Equipment							Earnings/Losses from Equity Investments							Depreciation,Amortization and Depletion			217,752.0			249,646.0							Deferred Taxes			0.0			0.0							Other Non-Cash Items			71,710.0			112,230.0							Change in Receivables			5,660.0			-194,430.0							Change in Inventories			-64,874.0			-19,178.0							Change in Pay/Accrued Exp			-179,769.0			120,594.0							Change in Payables							Change in Other Current Assets			0.0			0.0							Change in Other Working Capital			0.0			0.0											Cash Flow from Operating Activities										132,316.0														334,997.0																		Purchase/Sale of Prop,Plant,Equip: Net			-175,033.0			-178,277.0							Purchase of Property,Plant and Equipment							Sale of Property,Plant,and Equipment							Purchase/Sale of Intangibles,Net			-29,630.0			-39,426.0							Purchase of Intangibles							Purchase/Sale of Investments,Net			15,413.0			-2,991.0							Purchase of Investments							Purchase of Long Term Investments							Sale of Investments							Sale of Long Term Investments							Other Investing Changes,Net			-7,097.0			-156,533.0											Cash Flow from Investing Activities										-196,347.0														-377,227.0																		Issuance/Payments of Debt,Net			208,121.0			36,319.0							Issuance/Payments of LT Debt,Net							Payments to Settle Long Term Debt							Proceeds or Issuance of Long Term Debt							Issuance/Payments of ST Debt,Net							Proceeds or Issuance of Short Term Debt							Issuance/Payments of Common Stock,Net			0.0			0.0							Payments for Common Stock							Cash Dividends Paid			-42,547.0			-37,007.0							Other Financing Changes, Net			-123,802.0			448.0											Cash Flow from Financing Activities										41,772.0														-240.0																		Cash, Equivalents, Start of Period			214,305.0			258,840.0							Cash, Equivalents, End of Period			209,169.0			214,305.0											Change in Cash										-5,136.0														-44,535.0																		Free Cash Flow			-163,895.0			3,838.0							Effect of Exchange Rate Changes			17,123.0			-2,065.0							The various key ratios of Toshiba Corporation are shown below:						The different ratios of TOSHIBA CORPORATION											PROFIT MARGINS %										COMPANY										INDUSTRY										Gross Margin			26.13			61.76							Pre-Tax Margin			2.62			34.76							Net Profit Margin			1.31			27.48							5 Yr Gross Margins (5-Year Avg.)			24.3			NA							5Yr Pre Tax Margin (5-Year Avg.)			0.9			NA							5 Yr Net Profit Margins (5-Year Avg.)			-0.1			NA															FINANCIAL CONDITION										COMPANY										INDUSTRY										Debt/Equity Ratio			1.19			0.53							Current Ratio			1.15			1.78							Quick Ratio			0.58			1.74							Interest Coverage			NA			9.9							Leverage Ratio			5.9			1.97							Book Value/Share			2.44			8.69															INVESTMENT RETURNS %														COMPANY										INDUSTRY										Return On Equity			8.15			16.46							Return On Assets			1.31			8.35							Return On Capital			1.58			10.72							Return On Equity (5-Year Avg.)			-3.3			NA							Return On Assets (5-Year Avg.)			-0.2			NA							Return On Capital (5-Year Avg.)			-2.2			NA															MANAGEMENT EFFICIENCY										COMPANY										INDUSTRY										Income/Employee			376,373.79			70,253.52							Revenue/Employee			28.81 Mil			255,655.66							Receivable Turnover			4.5			7.2							Inventory Turnover			4.65			NA							Asset Turnover			1			0.3			Now, the Dell, Incorporated financial statements are show below, again with all financial data in U.S. dollars:										Dell Inc (DELL) Income Statement														2013														2012														Period End Date			02/01/2013			02/03/2012							Stmt Source			N/A			10-K							Stmt Source Date			01/31/2013			03/12/2013							Stmt Update Type			Original			Updated							Currency Code			USD			USD															Total Revenue										56,940.0														62,071.0																		Cost of Revenue			44,754.0			48,260.0											Gross Profit										12,186.0														13,811.0																		Selling,General and Administrative			8,102.0			8,524.0							Research and Development			1,072.0			856.0							Special Income/Charges			0.0			0.0											Operating Expenses										9,174.0														9,380.0																						Operating Income										3,012.0														4,431.0																		Net Interest Income			-170.0			-198.0							Other Income/Expense,Net			-1.0			7.0											Pretax Income										2,841.0														4,240.0																		Provision for Income Tax			469.0			748.0											Net Income										2,372.0														3,492.0																		Dividend Per Share			0.16			0.00							Tax Rate			0.165083			0.176415											Basic EPS			1.36			1.90							Basic Weighted Average Shares							Basic EPS from Continuing Operations							Basic EPS,Continuing and Discontinued							Diluted EPS			1.35			1.88							Diluted Weighted Average Shares							Diluted EPS from Continuing Operations							Diluted EPS,Continuing and Discontinued																	Dell Inc (DELL) Balance Sheet														2013														2012														Period End Date			02/01/2013			02/03/2012							Stmt Source			N/A			10-K							Stmt Source Date			01/31/2013			03/12/2013							Stmt Update Type			Original			Updated							Currency Code			USD			USD															Assets										Cash, Equiv and Short Term Investments			12,777.0			14,818.0							Cash and Cash Equivalents							Short Term Investments							Receivables			9,842.0			9,803.0							Accounts Receivable							Loans Receivable							Inventories			1,382.0			1,404.0							Finished Goods							Raw Materials							Work-in-Process							Other Current Assets			3,967.0			3,423.0											Total Current Assets										27,968.0														29,448.0																		Net Property,Plant,and Equipment			2,126.0			2,124.0							Gross Property,Plant,and Equipment							Land and Improvements							Machinery,Furniture/Equipment							Accumulated Depreciation							Goodwill and Other Intangible Assets			12,678.0			7,695.0							Goodwill							Other Intangible Assets							Investments and Advances			2,565.0			3,404.0							Notes Receivable,Non-Current			0.0			0.0							Other Non-Current Assets			2,203.0			1,862.0											Total Non-Current Assets										19,572.0														15,085.0																						Total Assets										47,540.0														44,533.0																						Liabilities and Shareholders' Equity										Payables			12,386.0			12,088.0							Accounts Payable							Taxes Payable							Accrued Expenses,Current			1,674.0			2,176.0							Current Debt			3,843.0			2,867.0							Deferred Liabilities,Current			4,373.0			3,738.0							Deferred Revenue,Current							Other Current Liabilities			1,163.0			1,132.0											Total Current Liabilities										23,439.0														22,001.0																		LT Debt and Capital Lease Obligation			5,242.0			6,387.0							Long Term Debt							Deferred Liabilities, Non current			3,971.0			3,855.0							Deferred Revenues,Non-Current							Minority Interest			21.0			0.0							Other Non-Current Liabilities			4,187.0			3,373.0											Total Non-Current Liabilities and MI										13,421.0														13,615.0																						Total Liabilities										36,860.0														35,616.0																		Capital Stock			12,554.0			12,187.0							Common Stock							Retained Earnings			30,330.0			28,236.0							Treasury Stock			-32,145.0			-31,445.0							Accum Gains/ Losses Not Affecting RE			-59.0			-61.0											Total Equity										10,680.0														8,917.0																						Total Liabilities and Equity										47,540.0														44,533.0																		Ordinary Shares Outstanding			1,738.00			1,761.00																	Dell Inc (DELL) Statement of Cash Flows														2013														2012														Period End Date			02/01/2013			02/03/2012							Stmt Source			N/A			10-K							Stmt Source Date			01/31/2013			03/12/2013							Stmt Update Type			Original			Updated							Currency Code			USD			USD											Net Income			2,372.0			3,492.0							Net Income from Continuing Operations							Operating Gains/Losses			0.0			0.0							Net Foreign Currency Exchange Gain/Loss							Depreciation,Amortization and Depletion			1,144.0			936.0							Deferred Taxes			-428.0			19.0							Other Non-Cash Items			642.0			612.0							Stock-Based Compensation							Change in Receivables			-343.0			-425.0							Change in Inventories			48.0			-52.0							Change in Pay/Accrued Exp			-200.0			272.0							Change in Payables							Change In Account Payable							Change in Accrued Expenses							Change in Other Working Capital			48.0			673.0											Cash Flow from Operating Activities										3,283.0														5,527.0																		Purchase/Sale of Prop,Plant,Equip: Net			135.0			14.0							Sale of Property,Plant,and Equipment							Purchase/Sale of Business,Net			-4,844.0			-2,562.0							Purchase/Acquisition of Business							Purchase/Sale of Investments,Net			1,739.0			-3,221.0							Purchase of Investments							Purchase of Long Term Investments							Sale of Investments							Sale of Long Term Investments							Other Investing Changes,Net			167.0			278.0											Cash Flow from Investing Activities										-3,316.0														-6,166.0																		Issuance/Payments of Debt,Net			-268.0			3,250.0							Issuance/Payments of LT Debt,Net							Payments to Settle Long Term Debt							Proceeds or Issuance of Long Term Debt							Issuance/Payments of ST Debt,Net							Issuance/Payments of Common Stock,Net			-672.0			-2,677.0							Payments for Common Stock							Proceeds or Issuance of Common Stock							Cash Dividends Paid			-278.0			0.0							Other Financing Changes, Net			8.0			4.0											Cash Flow from Financing Activities										-1,210.0														577.0																		Cash, Equivalents, Start of Period			13,852.0			13,913.0							Cash, Equivalents, End of Period			12,569.0			13,852.0											Change in Cash										-1,283.0														-61.0																		Free Cash Flow			2,770.0			4,852.0							Effect of Exchange Rate Changes			-40.0			1.0							The key ratios of Dell, Inc. are show below:										The different ratios of DELL Incorporated														PROFIT MARGINS %										COMPANY										INDUSTRY										Gross Margin			20.16			23.62							Pre-Tax Margin			2.8			-5.79							Net Profit Margin			2.36			-6.38							5 Yr Gross Margins (5-Year Avg.)			19.5			23.13							5Yr Pre Tax Margin (5-Year Avg.)			5.3			4.74							5 Yr Net Profit Margins (5-Year Avg.)			4.2			3.37															FINANCIAL CONDITION										COMPANY										INDUSTRY										Debt/Equity Ratio			0.38			0.68							Current Ratio			1.18			1.19							Quick Ratio			0.95			0.82							Interest Coverage			7.33			-9.29							Leverage Ratio			4.25			3.95							Book Value/Share			6.13			8.83															INVESTMENT RETURNS %														COMPANY										INDUSTRY										Return On Equity			13.05			-24.06							Return On Assets			2.98			-6.77							Return On Capital			6.3			-13.44							Return On Equity (5-Year Avg.)			39.2			12.5							Return On Assets (5-Year Avg.)			7			4.25							Return On Capital (5-Year Avg.)			23			9.18															MANAGEMENT EFFICIENCY										COMPANY										INDUSTRY										Income/Employee			12,030.55			-23,694.07							Revenue/Employee			508,742.14			375,031.77							Receivable Turnover			8.44			6.12							Inventory Turnover			29.33			14.8							Asset Turnover			1.26			1.06			• List and explain at least 2 specific challenges that the competitor company's managers may face when trying to improve these ratiosPlease provide references.

Robert · Accepted Answer

Toshiba Corporation:- 
Analysis of profitability ratios of Toshiba Corporation shows that company is under performing as 
compared to industry. Gross margin, net margin, pre-tax margin are the three major profitability ratios 
which we compared, in comparison to the industry Toshiba is performing way to worse. 
Analysis of other ratios reflects that industry is in better position than Toshiba in almost every front, be 
it the capital structure, liquidity position, solvency ratio.

Ration Analysis Accounting Capstone Toshiba corp. (tosbf) income statement 2013 2012 Period End Date 03/31/2013 03/31/2012 Stmt Source N/A Annual Stmt Source Date 03/31/2013 05/08/2013 Stmt Update...

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Toshiba corp. (tosbf) income statement	2013	2012
Period End Date	03/31/2013	03/31/2012
Stmt Source	N/A	Annual
Stmt Source Date	03/31/2013	05/08/2013
Stmt Update Type	Original	Updated
Currency Code	JPY	JPY
Total Revenue	5,935,259.0	6,204,725.0
Cost of Revenue	4,384,414.0	4,635,197.0
Gross Profit	1,550,845.0	1,569,528.0
Selling,General and Administrative	1,221,551.0	1,262,402.0
Interest Income/Expense,Net-Operating	-32,692.0	-31,815.0
Other Operating Expenses	0.0	0.0
Operating Expenses	1,395,292.0	1,423,949.0
Operating Income	155,553.0	145,579.0
Net Interest Income	-32,692.0	-31,815.0
Pretax Income	155,553.0	145,579.0
Provision for Income Tax	59,827.0	64,223.0
Minority Interest	18,193.0	10,007.0
Discontinued Operations	0.0	-1,295.0
Net Income	77,533.0	70,054.0
Dividend Per Share	7.59	7.60
Tax Rate	0.384608	0.255000
Basic EPS	18.31	16.54
Basic Weighted Average Shares
Basic EPS from Continuing Operations
Basic EPS from Discontinued Operations
Basic EPS,Continuing and Discontinued
Diluted EPS	18.31	16.32
Diluted Weighted Average Shares
Diluted EPS from Continuing Operations
Diluted EPS from Discontinued Operations
Diluted EPS,Continuing and Discontinued

Toshiba corp. (tosbf) Balance sheet	2013	2012
Period End Date	03/31/2013	03/31/2012
Stmt Source	N/A	Annual
Stmt Source Date	03/31/2013	05/08/2013
Stmt Update Type	Original	Updated
Currency Code	JPY	JPY
Assets
Cash, Equiv and Short Term Investments	209,169.0	214,305.0
Cash and Cash Equivalents
Receivables	1,372,307.0	1,307,634.0
Accounts Receivable
Notes Receivable
Receivables Adjustments/Allowances
Inventories	1,003,108.0	884,187.0
Finished Goods
Other Inventories
Raw Materials
Work-in-Process
Prepaid Assets and Others	579,123.0	603,387.0
Deferred Current Assets	0.0	0.0
Deferred Taxes,Current Assets	0.0	0.0
Total Current Assets	3,163,707.0	3,009,513.0
Net Property,Plant,and Equipment	884,680.0	851,365.0
Gross Property,Plant,and Equipment
Land and Improvements
Buildings and Improvements
Machinery,Furniture/Equipment
Construction in Progress
Accumulated Depreciation
Goodwill and Other Intangible Assets	0.0	0.0
Goodwill
Other Intangible Assets
Investments and Advances	675,809.0	652,061.0
Notes Receivable,Non-Current	0.0	0.0
Deferred Non-Current Assets	0.0	0.0
Other Non-Current Assets	1,382,536.0	1,239,798.0
Total Non-Current Assets	2,943,025.0	2,743,224.0
Total Assets	6,106,732.0	5,752,737.0
Liabilities and Shareholders' Equity
Payables	0.0	0.0
Accounts Payable
Taxes Payable
Accrued Expenses,Current	0.0	0.0
Current Debt	1,623,329.0	1,619,169.0
Notes Payable,Current
Other Current Borrowings
Other Current Liabilities	1,120,395.0	1,050,393.0
Total Current Liabilities	2,743,724.0	2,669,562.0
LT Debt and Capital Lease Obligation	1,231,036.0	1,073,550.0
Long Term Debt
Accrued Expenses,Non-Current	715,450.0	779,414.0
Employee Benefits	0.0	0.0
Minority Interest	382,066.0	366,730.0
Other Non-Current Liabilities	0.0	0.0
Total Non-Current Liabilities and MI	2,328,552.0	2,219,694.0
Total Liabilities	5,072,276.0	4,889,256.0
Capital Stock	439,901.0	439,901.0
Common Stock
Retained Earnings	635,586.0	591,932.0
Additional Paid in Capital	404,430.0	401,125.0
Treasury Stock	-1,542.0	-1,498.0
Accum Gains/ Losses Not Affecting RE	-443,919.0	-567,979.0
Total Equity	1,034,456.0	863,481.0
Total Liabilities and Equity	6,106,732.0	5,752,737.0
Ordinary Shares Outstanding	4,234.97	4,234.97

Toshiba corp. (tosbf) Statement of cash flows	2013	2012
Period End Date	03/31/2013	03/31/2012
Stmt Source	N/A	Annual
Stmt Source Date	03/31/2013	05/08/2013
Stmt Update Type	Original	Updated
Currency Code	JPY	JPY
Net Income	95,726.0	80,061.0
Net Income from Continuing Operations
Operating Gains/Losses	-13,889.0	-13,926.0
Gain/Loss on Sale of Property,Plant and Equipment
Earnings/Losses from Equity Investments
Depreciation,Amortization and Depletion	217,752.0	249,646.0
Deferred Taxes	0.0	0.0
Other Non-Cash Items	71,710.0	112,230.0
Change in Receivables	5,660.0	-194,430.0
Change in Inventories	-64,874.0	-19,178.0
Change in Pay/Accrued Exp	-179,769.0	120,594.0
Change in Payables
Change in Other Current Assets	0.0	0.0
Change in Other Working Capital	0.0	0.0
Cash Flow from Operating Activities	132,316.0	334,997.0
Purchase/Sale of Prop,Plant,Equip: Net	-175,033.0	-178,277.0
Purchase of Property,Plant and Equipment
Sale of Property,Plant,and Equipment
Purchase/Sale of Intangibles,Net	-29,630.0	-39,426.0
Purchase of Intangibles
Purchase/Sale of Investments,Net	15,413.0	-2,991.0
Purchase of Investments
Purchase of Long Term Investments
Sale of Investments
Sale of Long Term Investments
Other Investing Changes,Net	-7,097.0	-156,533.0
Cash Flow from Investing Activities	-196,347.0	-377,227.0
Issuance/Payments of Debt,Net	208,121.0	36,319.0
Issuance/Payments of LT Debt,Net
Payments to Settle Long Term Debt
Proceeds or Issuance of Long Term Debt
Issuance/Payments of ST Debt,Net
Proceeds or Issuance of Short Term Debt
Issuance/Payments of Common Stock,Net	0.0	0.0
Payments for Common Stock
Cash Dividends Paid	-42,547.0	-37,007.0
Other Financing Changes, Net	-123,802.0	448.0
Cash Flow from Financing Activities	41,772.0	-240.0
Cash, Equivalents, Start of Period	214,305.0	258,840.0
Cash, Equivalents, End of Period	209,169.0	214,305.0
Change in Cash	-5,136.0	-44,535.0
Free Cash Flow	-163,895.0	3,838.0
Effect of Exchange Rate Changes	17,123.0	-2,065.0

The different ratios of TOSHIBA CORPORATION
PROFIT MARGINS %	COMPANY	INDUSTRY
Gross Margin	26.13	61.76
Pre-Tax Margin	2.62	34.76
Net Profit Margin	1.31	27.48
5 Yr Gross Margins (5-Year Avg.)	24.3	NA
5Yr Pre Tax Margin (5-Year Avg.)	0.9	NA
5 Yr Net Profit Margins (5-Year Avg.)	-0.1	NA
FINANCIAL CONDITION	COMPANY	INDUSTRY
Debt/Equity Ratio	1.19	0.53
Current Ratio	1.15	1.78
Quick Ratio	0.58	1.74
Interest Coverage	NA	9.9
Leverage Ratio	5.9	1.97
Book Value/Share	2.44	8.69
INVESTMENT RETURNS %	COMPANY	INDUSTRY
Return On Equity	8.15	16.46
Return On Assets	1.31	8.35
Return On Capital	1.58	10.72
Return On Equity (5-Year Avg.)	-3.3	NA
Return On Assets (5-Year Avg.)	-0.2	NA
Return On Capital (5-Year Avg.)	-2.2	NA
MANAGEMENT EFFICIENCY	COMPANY	INDUSTRY
Income/Employee	376,373.79	70,253.52
Revenue/Employee	28.81 Mil	255,655.66
Receivable Turnover	4.5	7.2
Inventory Turnover	4.65	NA
Asset Turnover	1	0.3

Dell Inc (DELL) Income Statement	2013	2012
Period End Date	02/01/2013	02/03/2012
Stmt Source	N/A	10-K
Stmt Source Date	01/31/2013	03/12/2013
Stmt Update Type	Original	Updated
Currency Code	USD	USD
Total Revenue	56,940.0	62,071.0
Cost of Revenue	44,754.0	48,260.0
Gross Profit	12,186.0	13,811.0
Selling,General and Administrative	8,102.0	8,524.0
Research and Development	1,072.0	856.0
Special Income/Charges	0.0	0.0
Operating Expenses	9,174.0	9,380.0
Operating Income	3,012.0	4,431.0
Net Interest Income	-170.0	-198.0
Other Income/Expense,Net	-1.0	7.0
Pretax Income	2,841.0	4,240.0
Provision for Income Tax	469.0	748.0
Net Income	2,372.0	3,492.0
Dividend Per Share	0.16	0.00
Tax Rate	0.165083	0.176415
Basic EPS	1.36	1.90
Basic Weighted Average Shares
Basic EPS from Continuing Operations
Basic EPS,Continuing and Discontinued
Diluted EPS	1.35	1.88
Diluted Weighted Average Shares
Diluted EPS from Continuing Operations
Diluted EPS,Continuing and Discontinued

Dell Inc (DELL) Balance Sheet	2013	2012
Period End Date	02/01/2013	02/03/2012
Stmt Source	N/A	10-K
Stmt Source Date	01/31/2013	03/12/2013
Stmt Update Type	Original	Updated
Currency Code	USD	USD
Assets
Cash, Equiv and Short Term Investments	12,777.0	14,818.0
Cash and Cash Equivalents
Short Term Investments
Receivables	9,842.0	9,803.0
Accounts Receivable
Loans Receivable
Inventories	1,382.0	1,404.0
Finished Goods
Raw Materials
Work-in-Process
Other Current Assets	3,967.0	3,423.0
Total Current Assets	27,968.0	29,448.0
Net Property,Plant,and Equipment	2,126.0	2,124.0
Gross Property,Plant,and Equipment
Land and Improvements
Machinery,Furniture/Equipment
Accumulated Depreciation
Goodwill and Other Intangible Assets	12,678.0	7,695.0
Goodwill
Other Intangible Assets
Investments and Advances	2,565.0	3,404.0
Notes Receivable,Non-Current	0.0	0.0
Other Non-Current Assets	2,203.0	1,862.0
Total Non-Current Assets	19,572.0	15,085.0
Total Assets	47,540.0	44,533.0
Liabilities and Shareholders' Equity
Payables	12,386.0	12,088.0
Accounts Payable
Taxes Payable
Accrued Expenses,Current	1,674.0	2,176.0
Current Debt	3,843.0	2,867.0
Deferred Liabilities,Current	4,373.0	3,738.0
Deferred Revenue,Current
Other Current Liabilities	1,163.0	1,132.0
Total Current Liabilities	23,439.0	22,001.0
LT Debt and Capital Lease Obligation	5,242.0	6,387.0
Long Term Debt
Deferred Liabilities, Non current	3,971.0	3,855.0
Deferred Revenues,Non-Current
Minority Interest	21.0	0.0
Other Non-Current Liabilities	4,187.0	3,373.0
Total Non-Current Liabilities and MI	13,421.0	13,615.0
Total Liabilities	36,860.0	35,616.0
Capital Stock	12,554.0	12,187.0
Common Stock
Retained Earnings	30,330.0	28,236.0
Treasury Stock	-32,145.0	-31,445.0
Accum Gains/ Losses Not Affecting RE	-59.0	-61.0
Total Equity	10,680.0	8,917.0
Total Liabilities and Equity	47,540.0	44,533.0
Ordinary Shares Outstanding	1,738.00	1,761.00

Dell Inc (DELL) Statement of Cash Flows	2013	2012
Period End Date	02/01/2013	02/03/2012
Stmt Source	N/A	10-K
Stmt Source Date	01/31/2013	03/12/2013
Stmt Update Type	Original	Updated
Currency Code	USD	USD
Net Income	2,372.0	3,492.0
Net Income from Continuing Operations
Operating Gains/Losses	0.0	0.0
Net Foreign Currency Exchange Gain/Loss
Depreciation,Amortization and Depletion	1,144.0	936.0
Deferred Taxes	-428.0	19.0
Other Non-Cash Items	642.0	612.0
Stock-Based Compensation
Change in Receivables	-343.0	-425.0
Change in Inventories	48.0	-52.0
Change in Pay/Accrued Exp	-200.0	272.0
Change in Payables
Change In Account Payable
Change in Accrued Expenses
Change in Other Working Capital	48.0	673.0
Cash Flow from Operating Activities	3,283.0	5,527.0
Purchase/Sale of Prop,Plant,Equip: Net	135.0	14.0
Sale of Property,Plant,and Equipment
Purchase/Sale of Business,Net	-4,844.0	-2,562.0
Purchase/Acquisition of Business
Purchase/Sale of Investments,Net	1,739.0	-3,221.0
Purchase of Investments
Purchase of Long Term Investments
Sale of Investments
Sale of Long Term Investments
Other Investing Changes,Net	167.0	278.0
Cash Flow from Investing Activities	-3,316.0	-6,166.0
Issuance/Payments of Debt,Net	-268.0	3,250.0
Issuance/Payments of LT Debt,Net
Payments to Settle Long Term Debt
Proceeds or Issuance of Long Term Debt
Issuance/Payments of ST Debt,Net
Issuance/Payments of Common Stock,Net	-672.0	-2,677.0
Payments for Common Stock
Proceeds or Issuance of Common Stock
Cash Dividends Paid	-278.0	0.0
Other Financing Changes, Net	8.0	4.0
Cash Flow from Financing Activities	-1,210.0	577.0
Cash, Equivalents, Start of Period	13,852.0	13,913.0
Cash, Equivalents, End of Period	12,569.0	13,852.0
Change in Cash	-1,283.0	-61.0
Free Cash Flow	2,770.0	4,852.0
Effect of Exchange Rate Changes	-40.0	1.0

The different ratios of DELL Incorporated
PROFIT MARGINS %	COMPANY	INDUSTRY
Gross Margin	20.16	23.62
Pre-Tax Margin	2.8	-5.79
Net Profit Margin	2.36	-6.38
5 Yr Gross Margins (5-Year Avg.)	19.5	23.13
5Yr Pre Tax Margin (5-Year Avg.)	5.3	4.74
5 Yr Net Profit Margins (5-Year Avg.)	4.2	3.37
FINANCIAL CONDITION	COMPANY	INDUSTRY
Debt/Equity Ratio	0.38	0.68
Current Ratio	1.18	1.19
Quick Ratio	0.95	0.82
Interest Coverage	7.33	-9.29
Leverage Ratio	4.25	3.95
Book Value/Share	6.13	8.83
INVESTMENT RETURNS %	COMPANY	INDUSTRY
Return On Equity	13.05	-24.06
Return On Assets	2.98	-6.77
Return On Capital	6.3	-13.44
Return On Equity (5-Year Avg.)	39.2	12.5
Return On Assets (5-Year Avg.)	7	4.25
Return On Capital (5-Year Avg.)	23	9.18
MANAGEMENT EFFICIENCY	COMPANY	INDUSTRY
Income/Employee	12,030.55	-23,694.07
Revenue/Employee	508,742.14	375,031.77
Receivable Turnover	8.44	6.12
Inventory Turnover	29.33	14.8
Asset Turnover	1.26	1.06