Acme United Corporation Financial Ratios — ACU Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	8.16	9.61	10.03	11.02	10.13	11.36	7.34	7.91	8.94	12.11	17.89	3.65	19.41	9.66	9.12
Return on Assets (%)	5.36	5.77	5.89	6.5	5.96	6.75	3.92	4.1	5.01	6.73	9.96	1.97	11.35	6.44	6.11
Return on Capital (%)	6.19	6.68	6.88	7.66	7.2	8.07	5.14	5.94	6.82	8.02	11.66	3.61	14.8	8.72	8
Return on Invested Capital (%)	7.12	7.6	7.6	8.59	8.04	8.91	5.59	6.42	7.45	9.18	9.8	3.9	7.77	8.78	8.02
Gross Margin (%)	35.91	35.26	35.53	35.61	36.03	36.57	36.69	36.88	36.5	36.34	35.59	32.77	37.71	39.26	39.39
EBITDA Margin (%)	7.18	7.65	7.91	8.48	8.56	8.72	8.26	7.78	8.33	9.25	9.24	5.59	9.53	10.39	10.72
Operating Margin (%)	5.85	6.35	6.56	6.9	6.69	6.78	6.04	5.43	5.92	6.96	7.01	3.23	6.89	7.27	7.49
Incremental Operating Margin (%)	12.85	9.72	9.96	8.59	-1.83	7.42	-9.35	-6.29	18.93	13.85	7.51	-54.71	-280.95	31.83	28.49
Pretax Margin (%)	5.49	5.92	6.13	6.34	6.02	6.02	4.97	4.03	4.59	5.99	8.33	1.89	11.87	6.32	6.67
Profit Margin (%)	3.84	4.21	4.47	4.47	4.37	4.7	3.1	3.35	3.87	4.94	7.5	1.56	9.29	5.15	5.18
Net Income to Common Margin (%)	3.84	4.21	4.47	4.47	4.37	4.7	3.1	3.35	3.87	4.94	7.5	1.56	9.29	5.15	5.18
Effective Tax Rate (%)	30.17	28.97	27.14	29.6	27.53	21.95	37.59	16.87	15.73	17.58	10.01	17.14	21.74	18.47	22.36
Dvd Payout Ratio (%)	27.45	30.7	18.2	22.22	25.01	22.78	34.75	32.29	29.18	19.81	13.13	62.72	11.2	22.17	23.01
Sustainable Growth Rate (%)	5.92	6.66	8.21	8.57	7.6	8.77	4.79	5.36	6.33	9.71	15.54	1.36	17.24	7.52	7.02

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	18	24	23	24	26	33	47	44	40	48	48	64	26	33	29
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	2	2	2	2
LT Debt	18	24	23	24	26	33	47	44	38	47	46	62	24	31	27
Total Debt/EBITDA	3.34	3.77	3.23	2.66	2.76	3.03	4.4	4.12	3.35	3.16	2.85	5.88	1.42	1.63	1.36
Net Debt/EBITDA	1.85	2.26	1.59	2.4	2.5	2.49	3.53	3.7	2.5	2.7	2.34	5.02	1.02	1.04	0.84
Total Debt/EBIT	4.1	4.54	3.9	3.27	3.53	3.9	6.02	5.9	4.71	4.2	3.75	10.17	1.97	2.32	1.95
Net Debt/EBIT	2.27	2.72	1.92	2.96	3.2	3.2	4.83	5.31	3.51	3.59	3.08	8.69	1.41	1.49	1.2
EBITDA to Interest Expense	13.02	14.54	14.1	18.56	16.49	12.51	7.95	5.65	6.49	16.06	18.24	4.53	5.9	10.4	13.51
EBITDA-CapEx/Interest Expense	10.44	12.7	4.76	14.15	13.12	10.39	2.68	3.94	5.57	13.34	11.33	2.61	4.29	6.72	6.68
EBIT to Interest Expense	10.6	12.08	11.7	15.09	12.89	9.72	5.81	3.94	4.61	12.09	13.85	2.62	4.26	7.28	9.44
Interest Expense	- -	- -	1	- -	1	1	1	2	2	1	1	2	3	2	2
Common Equity/Total Assets	64.35	56.47	60.97	57.27	60.45	58.47	49.3	54.48	57.49	54	57.14	50.9	66.79	66.44	67.65
Long-Term Debt/Equity (%)	63.25	78.79	65.45	61.24	60.01	71.41	94.44	83.56	68.9	74.69	60.3	78.82	24.94	28.83	22.8
Long-Term Debt/Capital (%)	33.08	38.84	35.57	34.71	34.49	37.96	45.35	42.19	37.13	39.66	35.65	42.23	19.44	21.94	18.57
Long-Term Debt/Total Assets (%)	31.81	35.86	33.65	30.45	31.83	35.77	41.11	39.94	34.65	36.07	32.18	37.9	16.36	19.02	15.68
Total Debt/Equity (%)	63.25	78.79	65.45	61.24	60.01	71.41	94.97	84.07	71.26	76.5	62.1	80.76	26.49	30.7	24.42
Total Debt/Capital (%)	33.08	38.84	35.57	34.71	34.49	37.96	45.61	42.45	38.4	40.62	36.71	43.27	20.64	23.36	19.89
Total Debt/Total Assets (%)	31.81	35.86	33.65	30.45	31.83	35.77	41.34	40.19	35.84	36.95	33.14	38.83	17.38	20.25	16.79
Net Debt to Equity	34.98	47.2	32.19	55.45	54.39	58.6	76.27	75.64	53.13	65.4	50.95	68.97	18.99	19.7	15.04
Net Debt/Capital (%)	21.47	27.56	21.35	32.49	32.3	33.42	40.24	39.89	30.66	36	31.28	38.55	15.39	15.71	12.56
EBITDA	5	6	7	9	9	11	11	11	12	15	17	11	18	20	21
EBITDA-CapEx	4	6	2	7	7	9	4	7	10	13	10	6	13	13	10
Operating Income (Loss)	4	5	6	7	7	8	8	7	8	11	13	6	13	14	15

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.9	0.83	1.18	0.15	0.2	0.46	0.56	0.33	0.41	0.21	0.24	0.28	0.18	0.28	0.16
Current Ratio	5.34	4.98	5.77	3.74	5	5.07	4.64	5.46	4.41	4.14	4.7	4.77	3.54	4.17	4.21
Quick Ratio	2.38	2.23	2.76	1.42	1.84	2.02	2.11	2.21	1.95	1.55	1.93	1.75	1.19	1.51	1.43
CFO/Avg Current Liab	0.23	-0.12	0.6	0.37	0.08	0.72	0.33	0.3	0.98	0.31	0.25	0.14	1.2	0.49	0.8
Common Equity/Total Assets	64.35	56.47	60.97	57.27	60.45	58.47	49.3	54.48	57.49	54	57.14	50.9	66.79	66.44	67.65
Long-Term Debt/Equity (%)	63.25	78.79	65.45	61.24	60.01	71.41	94.44	83.56	68.9	74.69	60.3	78.82	24.94	28.83	22.8
Long-Term Debt/Capital (%)	33.08	38.84	35.57	34.71	34.49	37.96	45.35	42.19	37.13	39.66	35.65	42.23	19.44	21.94	18.57
Long-Term Debt/Total Assets (%)	31.81	35.86	33.65	30.45	31.83	35.77	41.11	39.94	34.65	36.07	32.18	37.9	16.36	19.02	15.68
Total Debt/Equity (%)	63.25	78.79	65.45	61.24	60.01	71.41	94.97	84.07	71.26	76.5	62.1	80.76	26.49	30.7	24.42
Total Debt/Capital (%)	33.08	38.84	35.57	34.71	34.49	37.96	45.61	42.45	38.4	40.62	36.71	43.27	20.64	23.36	19.89
Total Debt/Total Assets (%)	31.81	35.86	33.65	30.45	31.83	35.77	41.34	40.19	35.84	36.95	33.14	38.83	17.38	20.25	16.79
CFO/Total Liabilities	7.52	-3.44	19.58	11.66	2.82	19.28	7.43	7.83	26.71	8.52	7.63	3.39	56.29	21.7	34.15
CFO/CapEx	1.98	-1.56	1.38	2.15	0.56	4.82	0.67	1.39	8.75	2.23	0.81	0.63	5.81	1.68	1.71
Altman's Z-Score	3.86	3.64	4.1	4.48	4.49	4.8	3.9	3.92	4.31	4.28	4.41	3.6	5.36	4.99	5.08

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	5.81	5.75	5.59	6.11	5.63	6.29	5.67	5.37	5.63	6.23	5.93	5.81	6.51	7.14	6.86
Days Sales Outstanding	62.83	63.48	65.34	59.75	64.89	57.99	64.35	67.93	64.81	58.6	61.53	62.88	56.07	51.11	53.24
Inventory Turnover	2.01	1.99	1.97	2.23	2.03	2.17	2.14	2.13	2.24	2.32	2.25	2.23	2.01	2.11	2.05
Days Inventory Outstanding	181.77	183.05	184.9	163.61	179.72	168.01	170.74	171.44	162.6	157.25	162.22	163.57	181.74	172.59	177.86
Accounts Payable Turnover	9.27	10.59	9.88	11.86	9.99	11.53	9.25	9.19	12.05	16.21	14.49	14.38	9.85	11.27	14.38
Accounts Payable Turnover Days	39.39	34.48	36.94	30.78	36.55	31.65	39.47	39.72	30.3	22.52	25.18	25.38	37.04	32.39	25.38
Cash Conversion Cycle	205.2	212.04	213.3	192.58	208.05	194.36	195.62	199.65	197.1	193.33	198.57	201.07	200.78	191.31	205.72
Inventory to Cash Days	-118.94	-119.57	-119.56	-103.85	-114.83	-110.02	-106.39	-103.51	-97.79	-98.66	-100.69	-100.7	-125.67	-121.48	-124.63
Inventories	24	30	28	34	36	37	40	41	39	51	54	63	55	56	60
Raw Materials	2	1	2	4	6	3	7	8	6	10	13	18	16	16	15
Work In Process	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	23	29	26	29	30	34	33	33	33	40	40	45	39	40	45
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	29	34	47	65	58	85	79	48	80	101	117	77	153	138	153
- Cash & Cash Equivalents	8	10	12	2	2	6	9	4	7	4	5	6	5	6	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	18	24	23	24	26	33	47	44	40	48	48	64	26	33	29
Enterprise Value	39	49	58	87	82	112	117	88	113	145	160	135	174	165	178
Total Capital	53	63	64	70	75	87	104	104	103	118	130	147	126	141	144
Total Debt/Capital (%)	33.08	38.84	35.57	34.71	34.49	37.96	45.61	42.45	38.4	40.62	36.71	43.27	20.64	23.36	19.89
Total Debt / EV	0.45	0.5	0.39	0.28	0.32	0.29	0.41	0.5	0.35	0.33	0.3	0.47	0.15	0.2	0.16
EV/Sales	0.53	0.58	0.65	0.81	0.74	0.9	0.89	0.64	0.79	0.88	0.88	0.7	0.91	0.85	0.9
EV/EBITDA	7.44	7.59	8.25	9.53	8.67	10.32	10.82	8.2	9.49	9.53	9.51	12.44	9.54	8.14	8.44
EV/EBIT	9.14	9.14	9.95	11.72	11.1	13.28	14.79	11.75	13.36	12.66	12.53	21.52	13.21	11.64	12.07
EV/Cash Flow to Firm	16.7	- -	8.55	17.35	54.6	11.76	20.61	14.49	6.93	22.24	26.8	27.68	5.56	12.14	9.14
EV/Free Cash Flow to Firm	11.56	- -	5.07	12.11	23.89	9.86	9.11	9.44	6.28	15.94	12.96	14.24	4.8	7.95	5.91
Diluted Market Cap	29	35	49	70	64	91	87	50	83	106	133	81	157	153	165
Diluted Enterprise Value	39	49	60	92	88	119	125	90	116	150	176	139	178	179	190
EV per Share	12.63	15.72	18.46	26.74	24.44	33.69	34.75	25.99	33.6	43.24	46.1	38.26	48.78	44.47	46.94
TTM Sales	73	84	90	107	110	125	131	137	142	164	182	194	192	194	197
TTM EBITDA	5	6	7	9	9	11	11	11	12	15	17	11	18	20	21
TTM Operating Income	4	5	6	7	7	8	8	7	8	11	13	6	13	14	15
TTM Cash Flow to Firm	2	-1	7	5	1	10	6	6	16	6	6	5	31	14	19
TTM Free Cash Flow to Firm	3	- -	12	7	3	11	13	9	18	9	12	9	36	21	30

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	9.48	-75.51	4.38	10.35	21.4	8.55	7.29	6.55	5.08	12.75	11.58	10.87	4.63	8	5.7
EV/EBIT	9.14	9.14	9.95	11.72	11.1	13.28	14.79	11.75	13.36	12.66	12.53	21.52	13.21	11.64	12.07
Enterprise Value	39	49	58	87	82	112	117	88	113	145	160	135	174	165	178
Low Price	8.51	9.47	11.08	14.11	15.58	13.01	20.2	13.5	14	17.1	29.65	21.11	21.3	32.85	34.35
EV/Sales	0.53	0.58	0.65	0.81	0.74	0.9	0.89	0.64	0.79	0.88	0.88	0.7	0.91	0.85	0.9
EV/EBITDA	7.44	7.59	8.25	9.53	8.67	10.32	10.82	8.2	9.49	9.53	9.51	12.44	9.54	8.14	8.44
Price/Earnings	10.48	9.69	11.79	13.52	12.11	14.54	19.38	10.45	14.46	12.44	8.57	25.46	8.6	13.79	14.99
Price/Earnings Average	10.63	9.32	10.58	11.32	12.48	10.73	21.3	15.2	11.99	9.89	9.71	34.2	5.67	15.38	14.66
Price/Earnings High	12.15	10.86	12.27	13.87	14.12	15.16	24.42	18.31	14.9	14.65	12.28	41.37	9.01	18.83	16.83
Price/Earnings Low	9.38	8.31	8.77	9.55	10.84	7.4	16.73	9.9	8.51	7.06	7.54	24.54	4.28	12.13	12.77
Price/Book Value	0.83	0.9	1.14	1.43	1.18	1.58	1.39	0.81	1.25	1.44	1.42	0.92	1.54	1.28	1.32
Price/Book Value Average	0.84	0.86	1.02	1.19	1.22	1.17	1.53	1.17	1.04	1.14	1.61	1.24	1.01	1.43	1.29
Price/Book Value High	0.96	1.01	1.18	1.46	1.38	1.65	1.75	1.41	1.29	1.69	2.03	1.5	1.61	1.75	1.48
Price/Book Value Low	0.74	0.77	0.85	1.01	1.06	0.8	1.2	0.76	0.74	0.81	1.25	0.89	0.76	1.13	1.12
Price/Tangible Book Value	1.2	1.29	1.53	2.54	1.95	3.02	2.87	1.57	2.26	2.57	2.12	1.54	2.17	1.8	1.73
Price/Tangible Book Value Average	1.22	1.24	1.37	2.13	2.01	2.23	3.15	2.29	1.88	2.04	2.41	2.07	1.43	2.01	1.69
Price/Tangible Book Value High	1.39	1.45	1.59	2.6	2.27	3.15	3.62	2.75	2.33	3.03	3.05	2.51	2.27	2.46	1.94
Price/Tangible Book Value Low	1.08	1.11	1.13	1.79	1.74	1.54	2.48	1.49	1.33	1.46	1.87	1.49	1.08	1.58	1.47
Price/Sales	0.4	0.41	0.53	0.6	0.53	0.68	0.6	0.35	0.56	0.61	0.64	0.4	0.8	0.71	0.78
Price/Sales Average	0.41	0.39	0.47	0.51	0.54	0.5	0.66	0.51	0.46	0.49	0.73	0.54	0.53	0.79	0.76
Price/Sales High	0.47	0.46	0.55	0.62	0.62	0.71	0.76	0.61	0.58	0.72	0.92	0.65	0.84	0.97	0.87
Price/Sales Low	0.36	0.35	0.39	0.43	0.47	0.35	0.52	0.33	0.33	0.35	0.57	0.38	0.4	0.63	0.66
Price/Cash Flow	14.27	-27.03	7.29	13.93	53.74	9.61	16.32	10.73	5.42	17.6	22.75	26.72	5.3	11.54	8.37
Price/Cash Flow Average	14.48	-26.01	6.54	11.66	55.41	7.09	17.94	15.62	4.5	14.01	25.8	35.9	3.49	12.87	8.19
Price/Cash Flow High	16.56	-30.29	7.58	14.29	62.7	10.02	20.57	18.82	5.59	20.74	32.62	43.42	5.54	15.76	9.4
Price/Cash Flow Low	12.79	-23.19	5.42	9.83	48.12	4.89	14.09	10.17	3.19	9.99	20.02	25.75	2.63	10.15	7.14
Price/Free Cash Flow Average	9.62	-72.65	3.93	8.67	22.06	6.31	8.01	9.53	4.21	10.15	13.12	14.6	3.05	8.93	5.58
Price/Free Cash Flow High	11	-84.61	4.56	10.61	24.96	8.92	9.19	11.48	5.23	15.02	16.6	17.66	4.84	10.93	6.4
Price/Free Cash Flow Low	8.49	-64.77	3.26	7.31	19.16	4.35	6.29	6.21	2.99	7.24	10.19	10.47	2.3	7.04	4.86
EV/Sales Average	0.54	0.56	0.6	0.71	0.76	0.72	0.95	0.8	0.69	0.76	0.96	0.83	0.64	0.93	0.89
EV/Sales High	0.6	0.63	0.67	0.82	0.83	0.93	1.05	0.9	0.81	0.99	1.16	0.94	0.95	1.11	1
EV/Sales Low	0.49	0.52	0.52	0.63	0.69	0.56	0.81	0.62	0.56	0.62	0.8	0.68	0.51	0.76	0.79
EV/EBITDA Average	7.52	7.39	7.57	8.37	8.86	8.27	11.54	10.25	8.34	8.17	10.44	14.89	6.69	8.94	8.28
EV/EBITDA High	8.34	8.23	8.52	9.71	9.7	10.65	12.72	11.58	9.7	10.71	12.53	16.89	9.94	10.65	9.32
EV/EBITDA Low	6.86	6.83	6.55	7.43	8.03	6.47	9.82	7.96	6.73	6.66	8.68	12.18	5.33	7.32	7.37
EV/EBIT Average	9.24	8.89	9.12	10.29	11.34	10.64	15.78	14.68	11.74	10.86	13.75	25.75	9.25	12.77	11.84
EV/EBIT High	10.24	9.91	10.27	11.94	12.41	13.71	17.39	16.6	13.65	14.23	16.5	29.22	13.75	15.22	13.34
EV/EBIT Low	8.42	8.22	7.89	9.14	10.27	8.33	13.43	11.41	9.47	8.85	11.43	21.07	7.37	10.47	10.54
Last Price	9.5	11.04	14.9	19.99	17.4	25.57	23.4	14.25	23.79	30.13	33.7	21.9	42.86	37.33	40.31
High Price	11.02	12.37	15.5	20.5	20.3	26.66	29.49	24.98	24.51	35.49	48.31	35.59	44.86	50.99	45.25
Enterprise Value Average	40	48	54	76	83	90	124	110	99	124	176	162	122	181	174
Enterprise Value High	44	53	60	88	91	116	137	124	115	162	211	183	181	215	196
Enterprise Value Low	36	44	46	68	75	70	106	85	80	101	146	132	97	148	155

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4
Diluted Weighted Avg Shares	3	3	3	4	4	4	4	4	3	4	4	4	4	4	4
Basic Weighted Avg Shares	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4
Revenue per Share	23.65	27.08	28.28	33.09	32.93	37.43	38.9	40.74	42.5	49.06	52.46	54.98	53.61	52.55	51.9
EBITDA per Share	1.7	2.07	2.24	2.81	2.82	3.26	3.21	3.17	3.54	4.54	4.85	3.08	5.11	5.46	5.56
Operating Income per Share	1.38	1.72	1.86	2.28	2.2	2.54	2.35	2.21	2.51	3.41	3.68	1.78	3.69	3.82	3.89
Basic EPS, GAAP	0.91	1.14	1.26	1.48	1.44	1.76	1.21	1.36	1.64	2.42	3.93	0.86	4.98	2.71	2.69
Basic EPS from Cont Ops	0.91	1.14	1.26	1.48	1.44	1.76	1.21	1.36	1.64	2.42	3.93	0.86	4.98	2.71	2.69
Diluted EPS, GAAP	0.91	1.13	1.22	1.36	1.3	1.64	1.09	1.3	1.58	2.31	3.45	0.82	4.86	2.45	2.49
Diluted EPS from Cont Ops	0.91	1.13	1.22	1.36	1.3	1.64	1.09	1.3	1.58	2.31	3.45	0.82	4.86	2.45	2.49
Dividend per Share	0.25	0.35	0.23	0.33	0.36	0.4	0.42	0.44	0.48	0.48	0.52	0.54	0.56	0.6	0.62
Cash Flow per Share	0.67	-0.41	2.04	1.43	0.32	2.66	1.43	1.33	4.39	1.71	1.48	0.82	8.09	3.24	4.81
Free Cash Flow per Basic Share	0.33	-0.67	0.56	0.77	-0.25	2.11	-0.7	0.37	3.88	0.94	-0.35	-0.49	6.7	1.3	2
Cash & Equivalents per Share	2.53	3.13	3.68	0.71	0.73	1.78	2.78	1.31	2.04	1.25	1.4	1.73	1.34	1.73	0.95
Book Value per Share	11.46	12.29	13.1	14.02	14.76	16.18	16.85	17.69	18.99	20.98	23.78	23.71	27.91	29.11	30.54
Tangible Book Value per Share	7.9	8.54	9.76	7.87	8.94	8.47	8.15	9.07	10.51	11.73	15.86	14.19	19.8	20.74	23.3

Acme United Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)