Spectris is a leading supplier of precision instrumentation and controls. It employs 6,000 employees in its 14 business units.
It has a wide range of core technology and their products help customers improve product quality and performance, improve core manufacturing processes, and reduce downtime and wastage time to market.
The Spectris group provides test and measurement equipment to the automotive and aerospace industries which have seen growth as new development programmes come on stream.
Spectris solutions and services are increasingly being applied to help our customers use energy and resources more efficiently.
The company is listed on the London Stock Exchange (symbol - SXS) and technology companies.
Spectris is organized in three main activities:
- Process Technology
- Inline Instrumentation
- Electronic Controls
The Spectris strategy focuses on the delivering sustainable growth in attractive markets via a portfolio of core businesses with market-leading products which add value for our customers. A key element of their strategy is to increase the scale and enhance the growth potential of this portfolio.
[...] That means that Spectris did not give a proportional dividend, compared to the earnings per share they realized. The company did not give the shareholders as much as in 2005 and may have kept these benefits for, maybe, reserves or investments. Dividend Cover: Earnings per Share / Dividend Per Share Dividend cover is a measure of the ability of a company to maintain the level of dividend paid out. The higher the cover, the better the ability to maintain dividends if profits drop. [...]
[...] 2005 2006 132.4 / 278.6 * 365 124.2 + 132.4 ) / / 288.7 * 365 173.4602 days 162.2082 days Spectris Creditors Turnover ratio decreased for 13 days which means that the company became more efficient in 2006 in the payment of their creditors. It should be due to a bigger Operating Profit and the good management of resources in order to avoid delays. The company seams to be in less of a fix for cash when compared to the previous year. [...]
[...] Since 2005, Spectris started management restructuring actions and this strategy is beginning to have some returns and benefits because the total group operating margins improved to - Total group sales increased by to 684.5 millions (2005 = 655.9 millions) and operating profit increased by 17% to 82.7 millions (2005 = 64.9 millions), or of sales. - The Board proposes to pay a dividend of 16.25 p compared to 14.79 p in 2005 representing an increase of The dividend will be paid on 22 June 2007 to shareholders on the register on 1st June 2007. [...]
[...] And also, last but not least, rising environmental awareness led to increased opportunities for Spectris Group, partly as a result of new legislation and directives. Ratios Profitability Return on Capital Employed: Operating Profit / Capital Employed It consists of the relationship between the owners' investment in the business compared to the profit. ROCE or return on capital employed is the ratio that indicates the profitability and efficiency of a company's capital investment. 2005 2006 64.9 / ( 673.5 240.8 ) 82.7 / ( 633.3 - 189.2 ) 0.1499 0.1862 According to the evolution between 2005 and 2006, we can say that the ROCE rose from 0.1499 to 0.1862 3.63 points compared to the prior year). [...]
[...] Measures the speed at which a business is able to turn assets into sales, and hence cash. It consists of the relationship between sales and assets. 2005 2006 655.9 / 432.7 684.5 / 444.1 1.5158 1.5413 The Asset Utilization Ratio had a slight increase from 1.5158 to 1.5413 meaning that the company managed to turn its assets faster into sales. Which is a good thing because, the faster you are, and the quicker you will get the cash by selling products. [...]
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