USCF Gold Strategy Plus Income Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2018)

2014 2015 2016 2017 2018 TTM Median
Valuation Ratios
Price/Earnings ratio
95.103.647.1040.7518.0621.285.37
Price/Sales ratio
0.940.951.201.111.060.001.16
Price/Book Value ratio
8.642.511.921.941.842.172.04
Price/Cash Flow ratio
20.3410.919.719.3812.4614.6810.31
Price/Free Cash Flow ratio
85.8215.2312.4916.7554.470.1714.62
Price/Earnings Growth ratio
-2.400.00-0.14-0.490.144.99-0.07
Dividend Yield
N/AN/AN/AN/AN/A7.44%N/A
Profitability Indicator Ratios
Gross Profit Margin
17.56%18.29%23.36%20.75%18.16%18.16%22.06%
Operating Profit Margin
4.35%10.09%13.05%11.45%6.80%6.80%12.25%
Pretax Profit Margin
1.23%6.93%9.08%10.45%6.80%6.80%9.76%
Net Profit Margin
0.99%26.24%16.90%2.74%5.87%5.87%11.38%
Effective Tax Rate
15.21%-278.24%22.99%71.04%14.97%14.97%47.01%
Return on Assets
0.92%20.92%13.18%2.28%5.10%5.10%9.14%
Return On Equity
9.09%69.01%27.04%4.76%10.21%10.41%18.72%
Return on Capital Employed
4.72%10.17%11.43%10.68%6.63%6.63%11.05%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A2.30N/A
Quick Ratio
1.461.091.681.781.611.611.73
Cash ratio
0.400.441.010.940.770.770.98
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
39.1137.1537.2536.2238.7738.7737.20
Operating Cycle
39.1137.1537.2536.2238.7738.7737.20
Days of Payables Outstanding
34.4730.6437.4140.2538.7738.7734.02
Cash Conversion Cycle
4.636.50-0.15-4.02N/AN/A-0.07
Debt Ratios
Debt Ratio
0.550.450.280.270.280.280.28
Debt Equity Ratio
5.421.510.570.580.560.560.58
Long-term Debt to Capitalization
0.840.530.360.360.350.350.36
Total Debt to Capitalization
0.840.600.360.360.360.360.36
Interest Coverage Ratio
N/AN/AN/AN/AN/A3.98N/A
Cash Flow to Debt Ratio
0.070.150.340.350.260.260.34
Company Equity Multiplier
9.813.292.052.082.002.002.06
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.080.120.110.080.080.12
Free Cash Flow / Operating Cash Flow Ratio
0.230.710.770.560.220.220.66
Cash Flow Coverage Ratio
0.070.150.340.350.260.260.34
Short Term Coverage Ratio
43.250.6637.3N/A14214218.98
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A