Total Return Securities Fund Financial Ratios — SWZ Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-17.91	21.46	12.76	14.85	-20.44	15.5	-4.67	81.62
Return on Assets (%)	- -	-11.92	21.39	12.71	14.8	-20.39	15.46	-3.07	15.29
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	96.42	109.54	93.66	92.46	95.56	104.44	94.41	144.06	92.3
Profit Margin (%)	96.42	109.54	93.66	92.46	95.56	104.44	94.41	144.06	92.3
Net Income to Common Margin (%)	96.42	109.54	93.66	92.46	95.56	104.44	94.41	144.06	92.3
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	-30	34.45	-185.01	228.18
Sustainable Growth Rate (%)	- -	-17.91	21.46	12.76	14.85	-26.57	10.16	-13.3	-104.61

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	56.73	99.68	99.68	99.6	99.77	99.72	99.73	28.74	8.84
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-0.44	-6.06	-0.31	-0.55	-0.53	-0.47	-0.55	-1.8	-0.32
Net Debt/Capital (%)	-0.78	-6.45	-0.31	-0.55	-0.53	-0.47	-0.55	-6.66	-3.77
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	56.73	99.68	99.68	99.6	99.77	99.72	99.73	28.74	8.84
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	- -	- -	- -	- -	- -	2,488.43	2,466.77	2,833.67	3,042.61
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	417.58	159.59	165.25	128.87	220.89	184.26	192.5	197.85	0.29

Working Capital (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	344	92	112	118	131	100	108	97	- -
- Cash & Cash Equivalents	2	6	- -	1	1	1	1	2	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	342	85	112	117	130	99	107	95	- -
Total Capital	203	106	129	138	152	116	127	33	10
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	4.82	- -	4.15	6.37	5.79	- -	5.38	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	12.27	12.88	11.36	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	12.27	12.88	11.36	- -
Diluted Market Cap	344	92	112	118	131	100	108	97	- -
Diluted Enterprise Value	342	85	112	117	130	99	107	95	- -
EV per Share	12.7	6.42	8.38	8.88	9.88	7.52	8.15	7.33	- -
TTM Sales	71	-25	27	18	23	-26	20	-3	19
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	8	8	8	15
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	8	8	8	15

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	12.34	12.97	11.61	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	342	85	112	117	130	99	107	95	- -
Low Price	10.18	6.75	6.87	5.54	8.32	6.56	7.12	7.49	5.84
EV/Sales	4.82	- -	4.15	6.37	5.79	- -	5.38	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	5.02	- -	4.45	6.93	6.1	- -	5.73	- -	- -
Price/Earnings Average	4.77	-5.38	4.13	6.23	5.79	-3.91	5.57	-28.09	- -
Price/Earnings High	5.08	-6.6	4.48	7.05	6.2	-4.87	5.99	-31.52	- -
Price/Earnings Low	4.01	-3.24	3.63	4.29	5.1	-3.15	4.98	-25.83	- -
Price/Book Value	1.7	0.87	0.87	0.85	0.86	0.86	0.85	2.89	- -
Price/Book Value Average	1.61	1.41	0.81	0.77	0.82	0.92	0.83	3.14	- -
Price/Book Value High	1.71	1.73	0.87	0.87	0.88	1.15	0.89	3.52	- -
Price/Book Value Low	1.35	0.85	0.71	0.53	0.72	0.74	0.74	2.89	- -
Price/Tangible Book Value	0.96	0.87	0.87	0.85	0.86	0.86	0.85	0.83	- -
Price/Tangible Book Value Average	0.91	1.41	0.81	0.77	0.82	0.92	0.83	0.9	- -
Price/Tangible Book Value High	0.97	1.73	0.87	0.87	0.88	1.15	0.89	1.01	- -
Price/Tangible Book Value Low	0.77	0.85	0.71	0.53	0.72	0.74	0.74	0.83	- -
Price/Sales	4.84	-3.63	4.17	6.41	5.83	-3.8	5.41	-37.21	- -
Price/Sales Average	4.6	-5.89	3.87	5.76	5.53	-4.09	5.26	-40.46	- -
Price/Sales High	4.9	-7.23	4.2	6.52	5.92	-5.09	5.66	-45.4	- -
Price/Sales Low	3.86	-3.55	3.4	3.97	4.88	-3.29	4.7	-37.21	- -
Price/Cash Flow	- -	- -	- -	- -	- -	12.34	12.97	11.61	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	13.28	12.59	12.63	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	16.53	13.55	14.17	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	10.7	11.26	11.61	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	13.28	12.59	12.63	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	16.53	13.55	14.17	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	10.7	11.26	11.61	- -
EV/Sales Average	4.57	- -	3.85	5.72	5.49	- -	5.22	- -	- -
EV/Sales High	4.87	- -	4.18	6.47	5.89	- -	5.62	- -	- -
EV/Sales Low	3.84	- -	3.39	3.93	4.84	- -	4.67	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	12.76	6.9	8.41	8.94	9.94	7.56	8.2	7.49	6.22
High Price	12.9	13.74	8.47	9.09	10.1	10.13	8.57	9.14	9.43
Enterprise Value Average	325	142	103	105	124	107	104	103	- -
Enterprise Value High	346	176	112	119	133	133	112	116	- -
Enterprise Value Low	273	83	91	72	109	86	93	95	- -

Shares Outstanding	25	13	13	13	13	13	13	13	17
Diluted Weighted Avg Shares	27	13	13	13	13	13	13	13	- -
Basic Weighted Avg Shares	27	13	13	13	13	13	13	13	- -
Revenue per Share	2.63	-1.9	2.02	1.4	1.71	-1.99	1.51	-0.2	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.54	-2.08	1.89	1.29	1.63	-2.08	1.43	-0.29	- -
Basic EPS from Cont Ops	2.54	-2.08	1.89	1.29	1.63	-2.08	1.43	-0.29	- -
Diluted EPS, GAAP	2.54	-2.08	1.89	1.29	1.63	-2.08	1.43	-0.29	- -
Diluted EPS from Cont Ops	2.54	-2.08	1.89	1.29	1.63	-2.08	1.43	-0.29	- -
Dividend per Share	- -	- -	- -	- -	- -	0.62	0.49	0.54	- -
Cash Flow per Share	- -	- -	- -	- -	- -	0.61	0.63	0.64	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	0.61	0.63	0.64	- -
Cash & Equivalents per Share	0.06	0.48	0.03	0.06	0.06	0.04	0.05	0.16	- -
Book Value per Share	7.53	7.96	9.68	10.46	11.5	8.82	9.63	2.59	- -
Tangible Book Value per Share	13.25	7.96	9.68	10.46	11.5	8.82	9.63	9	- -

Total Return Securities Fund

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)