Riordan Manufacturing, Inc_Horizontal_Vertical analysis and ratios
Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30th
2011
2010
Sales
$66,608,660
$56,534,254
Direct Cost of Goods Sold
51,592,470
43,970,250
Gross Margin
$15,016,190
$12,564,004
Operating Expenses
Sales, Marketing & Other
$1,328,615
$1,265,348
Depreciation
1,378,616
1,152,125
Quality Assurance
1,151,176
1,112,247
Research & Development
1,039,637
962,627
General & Administrative
4,954,751
4,674,293
Machining & Systems
143,808
125,050
Total Operating Expenses
$9,996,603
$9,291,690
Profit Before Interest & Taxes
$5,019,587
$3,272,314
Non-Operating Expenses
Interest Expense
$604,616
$121,533
Taxes
1,104,309
719,909
Total Non-Operating Expenses
$1,708,925
$841,442
Net Profit After Taxes
$3,310,662
$2,430,872
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Riordan Manufacturing, Inc. |
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Fiscal Year Ending |
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2011 |
2010 |
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Assets |
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Current Assets |
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Cash |
$3,725,406 |
$2,807,029 |
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Accounts Receivable |
3,192,094 |
2,695,342 |
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Current Portion of Notes Receivable |
84,255 |
102,976 |
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Inventories |
9,709,611 |
8,517,203 |
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Prepaid Expenses and Other Items |
666,591 |
402,240 |
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Total Current Assets |
$17,377,957 |
$14,524,790 |
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Notes Receivable, less current portion |
$842,551 |
$936,168 |
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Investment in Joint Venture |
1,734,004 |
1,609,004 |
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Property, Plant and Equipment - net |
26,366,949 |
16,658,218 |
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Intangible Assets - net |
904,473 |
904,473 |
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Other Assets |
183,203 |
192,845 |
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Total Assets |
$47,409,137 |
$34,825,498 |
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Liabilities and Stockholders' Equity |
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Current Liabilities |
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Current Portion of Long-Term Debt |
$1,560,959 |
$474,032 |
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Accounts Payable |
1,141,561 |
1,391,385 |
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Accrued Liabilities |
430,477 |
524,685 |
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Income Taxes Payable |
552,155 |
359,955 |
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Total Current Liabilities |
$3,685,152 |
$2,750,057 |
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Bank Line of Credit |
$114,759 |
$295,865 |
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Long-Term Debt - less current portion |
9,500,741 |
1,006,955 |
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Deferred Income Taxes - net |
660,503 |
825,629 |
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Total Liabilities |
$13,961,155 |
$4,878,506 |
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Common Stock |
$29,055,488 |
$29,055,488 |
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Retained Earnings / (Accumulated Deficit) |
4,392,494 |
891,504 |
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Total Stockholders' Equity |
$33,447,982 |
$29,946,992 |
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Total Liabilities and Stockholders' Equity |
$47,409,137 |
$34,825,498 |
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Rating:
/5
Solution: Riordan Manufacturing, Inc_Horizontal_Vertical analysis and ratios