Attronica Ratios vs. Peer Bands.xlsx

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1	Attronica Ratios vs. Peer Bands — Comparison Template
2	Compare Attronica's FY25 ratios against the product-heavy peer band. Flag meaningful gaps. Write a 1–2 sentence 'why' for each. Close with the 3-bullet buyer's read below.
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4	Ratio	Product-heavy band (80%+ product)	Attronica FY25	Inside band? (Y/N)	Meaningful gap? (>1 pt outside)	Why (1–2 sentences — structural or cyclical cause)

5	Gross margin	12–16%	14.2%	Y	NO	Attronica's FY2025 ratios are within or very close to the product heavy peer band, with no meaningful gaps greater than one percantge point. This indicates that the company's financial performance is consistent eith expectation for a product-heavy IT seller of its size and business model.
6	Operating margin	1.5–3.5%	2.4%	Y	NO
7	EBITDA margin	3–5%	2.5%	N	NO
8	DSO (days)	35–50	40.3 days	Y	NO
9	DIO (days)	50–80	76.1 days	Y	NO
10	Current ratio	1.1–1.4	1.21x	Y	NO
11	Working capital / Revenue	4–8%	6.0%	Y	NO
12	Revenue per employee ($K)	650–900	$789,659.00	Y	NO
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14	Buyer's Read — 3 bullets (page 2 of the deal document)
15	Bullet 1 — Structural diagnosis: what is this business (not what's 'broken')?
16	Attrocica is a product-heavy IT seller with an asset-light business model. Its profitability, liquidity and working capital metrics are broadly in line with comparable product-focused IT sellers, indicating a stable operating structure.
17	Bullet 2 — Mix-vs-operations framing: why do the numbers look the way they do?
18	The company's financial ratios suggest that its performance is driven primarily by its product-heavy revenue mix rather than operational weaknesses. The business appears to operate efficiently within the normal range for companies with similar customer and product profiles.
19	Bullet 3 — Next question a buyer would ask (teases the AV-only analysis that opens the next project)
20	The next question is whether expanding the higher-margin AV division could improve profitability and create additional long-term value beyond the core product resale business.
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