Itronics Inc. Financial Ratios — ITRO Stock

Profitability (USD)

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-99.72	-79.71	-70.21	-59.47	-66.13	-117.14	-89.7	-243.17
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-27.66	-16.76	-23.85	-17.11	-12.6	1.99	-9.55	4.02	5.3
EBITDA Margin (%)	-203.49	-276.08	-230.96	-181.35	-146.38	-125.9	-169.7	-92.18	-105.93
Operating Margin (%)	-210.85	-294.32	-261.7	-201.41	-172.92	-145.98	-192.19	-118.84	-125.66
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	-319.59	-255.94	-216.92	-175.26	-360.52	-203.53	-447.53
Profit Margin (%)	-209.9	-336.07	-319.59	-255.94	-216.92	-175.26	-360.52	-203.53	-447.53
Net Income to Common Margin (%)	-209.9	-336.07	-319.59	-255.94	-216.92	-175.26	-360.52	-203.53	-447.53
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Total Debt	1	4	6	8	6	4	5	4	4
ST Debt	- -	- -	- -	5	3	3	4	4	4
LT Debt	1	4	5	2	3	2	1	1	- -
Total Debt/EBITDA	-0.58	-1.18	-2.22	-3.28	-3.26	-2.14	-1.99	-2.56	-1.81
Net Debt/EBITDA	-0.51	-1.18	-1.88	-3.24	-3.2	-2.13	-1.98	-2.47	-1.77
Total Debt/EBIT	-0.56	-1.11	-1.96	-2.95	-2.76	-1.85	-1.76	-1.98	-1.52
Net Debt/EBIT	-0.49	-1.1	-1.66	-2.92	-2.71	-1.84	-1.75	-1.91	-1.49
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-168.76	-224.18	-306.72	-358.56	-450.01	-549.19	-653.83	-734.35	-944.56
Long-Term Debt/Equity (%)	43.71	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-17.12	-58.98	-66.17	-23.53	-18.59	-8.82	-2.33	-2.43	-0.22
Long-Term Debt/Total Assets (%)	23.87	80.88	117.85	47.02	58.3	39.13	12.72	15.32	1.89
Total Debt/Equity (%)	53.6	-952.63	-199.33	-166.58	-163.7	-170.34	-84.1	-59.34	-28.6
Total Debt/Capital (%)	-20.99	-63.48	-72.21	-79.43	-43.52	-23.72	-19.97	-16.38	-12.22
Total Debt/Total Assets (%)	29.28	87.05	128.61	158.73	136.46	105.3	108.84	103.36	102.86
Net Debt to Equity	46.52	-948.36	-168.82	-164.65	-160.35	-169.78	-83.6	-57.33	-28.01
Net Debt/Capital (%)	-17.72	-63.01	-61.05	-78.05	-42.52	-23.64	-19.83	-15.83	-11.94
EBITDA	-2	-3	-3	-2	-2	-2	-2	-2	-2
EBITDA-CapEx	-3	-4	-3	-3	-2	-2	-2	-2	-3
Operating Income (Loss)	-2	-4	-3	-3	-2	-2	-3	-2	-3

Liquidity (USD)

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	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Cash Ratio	0.2	0.02	0.01	0.08	0.1	0.01	0.01	- -	- -
Current Ratio	0.92	0.74	0.42	0.15	0.23	0.22	0.09	0.08	0.05
Quick Ratio	0.71	0.31	0.12	0.09	0.12	0.05	0.01	- -	0.01
CFO/Avg Current Liab	- -	-2.95	-1.49	-0.34	-0.28	-0.32	-0.32	-0.17	-0.12
Common Equity/Total Assets	-168.76	-224.18	-306.72	-358.56	-450.01	-549.19	-653.83	-734.35	-944.56
Long-Term Debt/Equity (%)	43.71	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-17.12	-58.98	-66.17	-23.53	-18.59	-8.82	-2.33	-2.43	-0.22
Long-Term Debt/Total Assets (%)	23.87	80.88	117.85	47.02	58.3	39.13	12.72	15.32	1.89
Total Debt/Equity (%)	53.6	-952.63	-199.33	-166.58	-163.7	-170.34	-84.1	-59.34	-28.6
Total Debt/Capital (%)	-20.99	-63.48	-72.21	-79.43	-43.52	-23.72	-19.97	-16.38	-12.22
Total Debt/Total Assets (%)	29.28	87.05	128.61	158.73	136.46	105.3	108.84	103.36	102.86
CFO/Total Liabilities	-96.16	-51.59	-25.7	-15.31	-19.98	-21.12	-22.14	-14.52	-9.44
CFO/CapEx	-1.43	-3.17	-26.29	-5.97	-34	-24.98	-21.93	-56.92	-30.58
Altman's Z-Score	-3.95	-3.03	-5.77	-7.48	-7.53	-9.61	-12.96	-14.64	-20.75

Working Capital (USD)

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	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Accounts Receivable Turnover	- -	- -	13.69	10.08	13.74	11.36	12.96	64.93	86.67
Days Sales Outstanding	- -	- -	26.65	36.23	26.56	32.12	28.16	5.62	4.21
Inventory Turnover	- -	8.87	4.82	4.59	3.75	3.18	2.56	3.15	3.08
Days Inventory Outstanding	- -	41.15	75.7	79.48	97.43	114.6	142.45	115.84	118.35
Accounts Payable Turnover	- -	3.58	2.78	2.7	2.69	3.08	2.89	3.66	4.29
Accounts Payable Turnover Days	- -	101.94	131.31	134.95	135.79	118.68	126.41	99.76	85.08
Cash Conversion Cycle	- -	-60.79	-28.96	-19.24	-11.81	28.04	44.19	21.7	37.48
Inventory to Cash Days	- -	-41.15	-49.05	-43.26	-70.87	-82.48	-114.3	-110.22	-114.13
Inventories	- -	- -	- -	- -	- -	1	1	1	1
Raw Materials	- -	- -	- -	- -	- -	1	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	1
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Market Capitalization	- -	21	9	8	16	8	10	3	1
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1	4	6	8	6	4	5	4	4
Enterprise Value	1	25	15	15	21	12	14	7	6
Total Capital	-5	-6	-8	-10	-14	-18	-23	-27	-37
Total Debt/Capital (%)	-20.99	-63.48	-72.21	-79.43	-43.52	-23.72	-19.97	-16.38	-12.22
Total Debt / EV	1.15	0.16	0.39	0.5	0.29	0.36	0.33	0.6	0.79
EV/Sales	1.03	20.54	13	11.95	16.72	7.49	10.28	3.93	2.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	21	9	8	16	8	10	3	1
Diluted Enterprise Value	1	25	15	16	22	12	14	7	6
EV per Share	14.25	344.48	189.64	182.2	203.96	85.55	73.61	31.24	11.44
TTM Sales	1	1	1	1	1	2	1	2	2
TTM EBITDA	-2	-3	-3	-2	-2	-2	-2	-2	-2
TTM Operating Income	-2	-4	-3	-3	-2	-2	-3	-2	-3
TTM Cash Flow to Firm	- -	- -	-2	-1	-2	-1	-2	-2	-2
TTM Free Cash Flow to Firm	- -	- -	-2	-1	-2	-1	-2	-2	-2

Multiples (USD)

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	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Price/Free Cash Flow	- -	-11.97	-4.86	-6.9	-9.88	-5.74	-4.63	-1.76	-0.71
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	1	25	15	15	21	12	14	7	6
Low Price	- -	275	75	80	82	51	31	9.7	1.8
EV/Sales	1.03	20.54	13	11.95	16.72	7.49	10.28	3.93	2.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-14.51	-4.36	-5.63	-5	-5.62	-2.71	-2.06	-0.59
Price/Earnings High	- -	-35.85	-9.01	-15.89	-9.26	-12	-5.42	-4.94	-1.47
Price/Earnings Low	- -	-4.88	-1.61	-2.05	-3.1	-2.55	-1.2	-0.6	-0.09
Price/Book Value	- -	-2.06	-0.64	-0.48	-0.78	-0.34	-0.34	-0.09	-0.03
Price/Book Value Average	- -	-5.8	-1.14	-1.07	-0.69	-0.7	-0.48	-0.25	-0.15
Price/Book Value High	- -	-14.33	-2.35	-3.03	-1.28	-1.5	-0.96	-0.6	-0.37
Price/Book Value Low	- -	-1.95	-0.42	-0.39	-0.43	-0.32	-0.21	-0.07	-0.02
Price/Tangible Book Value	- -	-49.17	-3.05	-1.8	-4.2	-2.98	-1.71	-0.39	-0.08
Price/Tangible Book Value Average	- -	-138.66	-5.4	-4.03	-3.71	-6.08	-2.39	-1.04	-0.39
Price/Tangible Book Value High	- -	-342.52	-11.15	-11.38	-6.87	-13	-4.79	-2.51	-0.98
Price/Tangible Book Value Low	- -	-46.63	-1.99	-1.47	-2.3	-2.76	-1.06	-0.3	-0.06
Price/Sales	- -	17.3	7.88	6.43	12.29	4.82	6.98	1.57	0.55
Price/Sales Average	- -	48.77	13.94	14.41	10.84	9.84	9.76	4.18	2.62
Price/Sales High	- -	120.47	28.78	40.67	20.08	21.02	19.55	10.06	6.57
Price/Sales Low	- -	16.4	5.14	5.25	6.72	4.47	4.33	1.22	0.38
Price/Cash Flow	- -	-8.19	-4.67	-5.74	-9.59	-5.51	-4.42	-1.73	-0.68
Price/Cash Flow Average	- -	-23.1	-8.27	-12.88	-8.45	-11.25	-6.18	-4.61	-3.25
Price/Cash Flow High	- -	-57.07	-17.07	-36.34	-15.66	-24.03	-12.38	-11.08	-8.14
Price/Cash Flow Low	- -	-7.77	-3.05	-4.69	-5.24	-5.11	-2.74	-1.34	-0.47
Price/Free Cash Flow Average	- -	-33.75	-8.6	-15.47	-8.71	-11.72	-6.48	-4.69	-3.36
Price/Free Cash Flow High	- -	-83.36	-17.75	-43.66	-16.14	-25.03	-12.97	-11.28	-8.41
Price/Free Cash Flow Low	- -	-11.35	-3.17	-5.63	-5.4	-5.32	-2.87	-1.37	-0.49
EV/Sales Average	1.03	52.02	19.06	20.31	15.59	12.54	13.12	6.54	4.49
EV/Sales High	1.03	123.72	33.9	46.57	24.83	23.72	22.91	12.41	8.44
EV/Sales Low	1.03	19.65	10.25	11.15	11.47	7.16	7.69	3.57	2.25
EV/EBITDA Average	-0.51	-18.84	-8.25	-11.2	-10.65	-9.96	-7.73	-7.09	-4.24
EV/EBITDA High	-0.51	-44.81	-14.68	-25.68	-16.96	-18.84	-13.5	-13.46	-7.97
EV/EBITDA Low	-0.51	-7.12	-4.44	-6.15	-7.84	-5.69	-4.53	-3.88	-2.13
EV/EBIT Average	-0.49	-17.68	-7.28	-10.09	-9.01	-8.59	-6.83	-5.5	-3.58
EV/EBIT High	-0.49	-42.04	-12.95	-23.12	-14.36	-16.25	-11.92	-10.44	-6.72
EV/EBIT Low	-0.49	-6.68	-3.92	-5.53	-6.63	-4.9	-4	-3.01	-1.79
Last Price	- -	290	115	98	150	55	50	12.5	2.6
High Price	- -	2,020	420	620	245	240	140	80	31
Enterprise Value Average	1	64	22	26	20	20	18	12	11
Enterprise Value High	1	152	39	60	32	38	31	23	20
Enterprise Value Low	1	24	12	14	15	12	10	7	5

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y
Shares Outstanding	1	1	1	1	1	1	1	1	1
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	13.81	16.77	14.59	15.24	12.2	11.42	7.16	7.96	4.72
EBITDA per Share	-28.11	-46.29	-33.7	-27.64	-17.86	-14.37	-12.15	-7.33	-5
Operating Income per Share	-29.12	-49.35	-38.19	-30.7	-21.1	-16.66	-13.76	-9.45	-5.93
Basic EPS, GAAP	-28.99	-56.35	-46.63	-39.01	-26.47	-20.01	-25.82	-16.19	-21.12
Basic EPS from Cont Ops	-28.99	-56.35	-46.63	-39.01	-26.47	-20.01	-25.82	-16.19	-21.12
Diluted EPS, GAAP	-28.99	-56.35	-46.63	-39.01	-26.47	-20.01	-25.82	-16.19	-21.12
Diluted EPS from Cont Ops	-28.99	-56.35	-46.63	-39.01	-26.47	-20.01	-25.82	-16.19	-21.12
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-24.47	-35.39	-24.6	-17.06	-15.64	-9.99	-11.31	-7.22	-3.81
Free Cash Flow per Basic Share	-41.6	-46.56	-25.54	-19.92	-16.1	-10.39	-11.82	-7.34	-3.93
Cash & Equivalents per Share	2.17	0.25	0.19	6.42	4.31	0.22	0.61	- -	0.19
Book Value per Share	-94.62	-140.93	-178.45	-204.69	-192.15	-160.49	-145.53	-133.13	-82.9
Tangible Book Value per Share	29.54	-5.9	-37.67	-54.5	-35.68	-18.47	-29.21	-31.9	-31.72

Itronics Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)