Income Statement Ray Corporation

Stocks

4317

JP3979230004

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Market Closed - Japan Exchange 12:00:00 04/09/2026 pm IST			5-day change	1st Jan Change
568.00 ^JPY	+1.25%		+1.61%	-12.21%

02/03	Tranche Update on Ray Corporation's Equity Buyback Plan announced on April 23, 2025.	CI
28/02	Ray Corporation's Equity Buyback announced on April 23, 2025, has expired.	CI

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Published financial data: RAY CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	1.11TCr	1.24TCr	1.12TCr	1.05TCr	1.34TCr
Total Revenues	1.11TCr	1.24TCr	1.12TCr	1.05TCr	1.34TCr
Cost of Goods Sold, Total	740.1Cr	830Cr	743.3Cr	690.4Cr	847.7Cr
Gross Profit	365Cr	415Cr	378.9Cr	355.2Cr	494.2Cr
Selling General & Admin Expenses, Total	272.1Cr	275.1Cr	263.6Cr	262.5Cr	318.5Cr
Provision for Bad Debts	-	-10L	-5.9Cr	-3.3Cr	-3Cr
Other Operating Expenses, Total	272.1Cr	275Cr	257.7Cr	259.2Cr	315.5Cr
Operating Income	93Cr	140Cr	121.2Cr	96Cr	178.7Cr
Interest Expense, Total	-70L	-70L	-50L	-50L	-70L
Interest And Investment Income	10L	10L	10L	20L	40L
Net Interest Expenses	-60L	-60L	-40L	-30L	-30L
Income (Loss) On Equity Invest.	-1.6Cr	90L	7Cr	9.6Cr	12Cr
Other Non Operating Income (Expenses)	12Cr	10L	1.4Cr	0	70L
EBT, Excl. Unusual Items	103Cr	140.4Cr	129.2Cr	105.3Cr	190.8Cr
Gain (Loss) On Sale Of Investments	10L	-	1.9Cr	-30L	-
Gain (Loss) On Sale Of Assets	-	-40L	-	-30L	10L
Asset Writedown	-	-60L	-	-80L	-20L
Other Unusual Items	-18Cr	-18Cr	-9.4Cr	-10L	0
EBT, Incl. Unusual Items	86Cr	121.5Cr	121.7Cr	103.8Cr	190.7Cr
Income Tax Expense	44Cr	50Cr	40Cr	29Cr	60Cr
Earnings From Continuing Operations	42Cr	72Cr	82Cr	74Cr	130.3Cr
Net Income to Company	42Cr	72Cr	82Cr	74Cr	130.3Cr
Net Income - (IS)	42Cr	72Cr	82Cr	74Cr	130.3Cr
Net Income to Common Incl Extra Items	42Cr	72Cr	82Cr	74Cr	130.3Cr
Net Income to Common Excl. Extra Items	42Cr	72Cr	82Cr	74Cr	130.3Cr
Per Share Items
Net EPS - Basic	29.24	49.9	57.27	54.05	98.53
Basic EPS - Continuing Operations	29.24	49.9	57.27	54.05	98.53
Basic Weighted Average Shares Outstanding	1.43Cr	1.43Cr	1.43Cr	1.38Cr	1.32Cr
Net EPS - Diluted	29.24	49.9	57.27	54.05	98.53
Diluted EPS - Continuing Operations	29.24	49.9	57.27	54.05	98.53
Diluted Weighted Average Shares Outstanding	1.43Cr	1.43Cr	1.43Cr	1.38Cr	1.32Cr
Normalized Basic EPS	44.93	61.24	56.53	47.74	90.17
Normalized Diluted EPS	44.93	61.24	56.53	47.74	90.17
Dividend Per Share	10	15	15	15	20
Payout Ratio	16.95	19.86	26.16	28.19	15.35
Supplemental Items
EBITDA	144.3Cr	186.7Cr	167Cr	148.1Cr	246.4Cr
EBITA	93Cr	140Cr	121.2Cr	96Cr	178.7Cr
EBIT	93Cr	140Cr	121.2Cr	96Cr	178.7Cr
Effective Tax Rate - (Ratio)	50.99	41.15	32.79	28.23	31.67
Normalized Net Income	64Cr	88Cr	81Cr	66Cr	119.25Cr
Non-Cash Pension Expense	5.8Cr	5.9Cr	6.2Cr	6.4Cr	6.6Cr
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	360.7Cr	313.9Cr	283Cr	286.7Cr	306Cr
Total Cash And Short Term Investments	360.7Cr	313.9Cr	283Cr	286.7Cr	306Cr
Accounts Receivable, Total	279.6Cr	297.6Cr	284.7Cr	191.6Cr	185.9Cr
Total Receivables	279.6Cr	297.6Cr	284.7Cr	191.6Cr	185.9Cr
Inventory	24Cr	21Cr	26Cr	42Cr	96Cr
Prepaid Expenses	9.5Cr	9.9Cr	11Cr	11Cr	12Cr
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.2Cr	18Cr	10Cr	4.1Cr	3Cr
Total Current Assets	676.2Cr	660.3Cr	615.2Cr	535.6Cr	603.8Cr
Net Property Plant And Equipment	256.8Cr	250.3Cr	268.4Cr	313.8Cr	396.5Cr
Long-term Investments	31Cr	31Cr	40Cr	49Cr	71Cr
Goodwill	-	-	-	-	-
Other Intangibles, Total	4Cr	2.5Cr	1.8Cr	1.2Cr	1.1Cr
Loans Receivable Long-Term	50L	50L	50L	50L	50L
Deferred Tax Assets Long-Term	11Cr	14Cr	14Cr	12Cr	17Cr
Other Long-Term Assets, Total	20L	20L	-	10L	20L
Total Assets	979.1Cr	958.2Cr	939.9Cr	912Cr	1.09TCr
Liabilities
Accounts Payable, Total	95Cr	74Cr	89Cr	59Cr	69Cr
Accrued Expenses, Total	33Cr	34Cr	38Cr	31Cr	51Cr
Short-term Borrowings	147Cr	92Cr	78Cr	60Cr	40Cr
Current Portion of Long-Term Debt	5Cr	2.5Cr	-	-	-
Current Portion of Leases	26Cr	18Cr	10Cr	7.5Cr	6.2Cr
Current Income Taxes Payable	87Cr	104.6Cr	42Cr	51Cr	113.4Cr
Other Current Liabilities	2.2Cr	2.1Cr	3.8Cr	6Cr	5Cr
Total Current Liabilities	394.5Cr	327.3Cr	262.4Cr	215.3Cr	284.6Cr
Long-Term Debt	2.5Cr	-	-	-	-
Long-Term Leases	25Cr	17Cr	13Cr	9.3Cr	10Cr
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	9.8Cr	9.8Cr	9.5Cr	7.9Cr	19Cr
Total Liabilities	431.8Cr	353.7Cr	284.9Cr	232.5Cr	313.4Cr
Common Stock, Total	47Cr	47Cr	47Cr	47Cr	47Cr
Additional Paid In Capital	73Cr	73Cr	73Cr	73Cr	73Cr
Retained Earnings	427.5Cr	484.8Cr	545.1Cr	598.5Cr	708.8Cr
Treasury Stock	-	-	-9.9Cr	-39Cr	-52Cr
Comprehensive Income and Other	10L	-	10L	-	60L
Total Common Equity	547.3Cr	604.5Cr	655Cr	679.5Cr	777.2Cr
Minority Interest	-	-	-	-	-
Total Equity	547.3Cr	604.5Cr	655Cr	679.5Cr	777.2Cr
Total Liabilities And Equity	979.1Cr	958.2Cr	939.9Cr	912Cr	1.09TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.43Cr	1.43Cr	1.4Cr	1.34Cr	1.32Cr
ECS Total Common Shares Outstanding	1.43Cr	1.43Cr	1.41Cr	1.34Cr	1.32Cr
Book Value / Share	381.96	421.87	464.88	505.93	590.76
Tangible Book Value	543.3Cr	602Cr	653.2Cr	678.3Cr	776.1Cr
Tangible Book Value Per Share	379.16	420.13	463.61	505.04	589.93
Total Debt	205.1Cr	129.2Cr	101.5Cr	77Cr	56Cr
Net Debt	-155.6Cr	-184.7Cr	-181.5Cr	-209.9Cr	-249.8Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Inventories - Raw Materials, Total	50L	60L	50L	40L	60L
Inventories - Work In Process, Total	24Cr	21Cr	26Cr	42Cr	96Cr
Inventories - Others	10L	-	-	10L	-
Full Time Employees	386	399	407	403	424
Accumulated Allowance for Doubtful Accounts (Supple)	20L	30L	30L	20L	-
Order Backlog	215.05Cr	186.27Cr	167.76Cr	301.24Cr	416.38Cr

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	86Cr	121.5Cr	121.7Cr	103.8Cr	190.8Cr
Depreciation & Amortization - CF	51Cr	47Cr	46Cr	52Cr	68Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	51Cr	47Cr	46Cr	52Cr	68Cr
(Gain) Loss From Sale Of Asset	-	60L	-	80L	10L
(Gain) Loss on Sale of Investments - (CF)	-	-	-	30L	-
(Income) Loss On Equity Investments - (CF)	1.6Cr	-90L	-7Cr	-9.6Cr	-12Cr
Other Operating Activities, Total	36Cr	-44Cr	-91Cr	-29Cr	-22Cr
Change In Accounts Receivable	-117.6Cr	-18Cr	13Cr	93Cr	5.9Cr
Change In Inventories	-2.3Cr	2.8Cr	-4.8Cr	-16Cr	-54Cr
Change In Accounts Payable	26Cr	-20Cr	15Cr	-30Cr	9.2Cr
Change in Other Net Operating Assets	23Cr	-16Cr	12Cr	3.4Cr	49Cr
Cash from Operations	102.8Cr	72Cr	104.6Cr	168.6Cr	234.1Cr
Capital Expenditure	-8.7Cr	-17Cr	-66Cr	-84Cr	-138.6Cr
Sale of Property, Plant, and Equipment	-	-	-	-	1.4Cr
Sale (Purchase) of Intangible assets	-20L	-80L	-	-	-10L
Investment in Marketable and Equity Securities, Total	1.6Cr	80L	20L	90L	-70L
Other Investing Activities, Total	2.4Cr	-	-80L	-30L	-13Cr
Cash from Investing	-4.9Cr	-17Cr	-67Cr	-84Cr	-151.1Cr
Short Term Debt Issued, Total	1.15TCr	853Cr	675Cr	514Cr	400Cr
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	1.15TCr	853Cr	675Cr	514Cr	400Cr
Short Term Debt Repaid, Total	-1.15TCr	-908Cr	-689Cr	-532Cr	-420Cr
Long-Term Debt Repaid, Total	-2.5Cr	-5Cr	-2.5Cr	-	-
Total Debt Repaid	-1.15TCr	-913Cr	-691.5Cr	-532Cr	-420Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-12Cr	-31Cr	-15Cr
Common Dividends Paid	-7.1Cr	-14Cr	-21Cr	-21Cr	-20Cr
Common & Preferred Stock Dividends Paid	-7.1Cr	-14Cr	-21Cr	-21Cr	-20Cr
Other Financing Activities, Total	-29Cr	-28Cr	-19Cr	-11Cr	-8.4Cr
Cash from Financing	-39Cr	-101.8Cr	-69Cr	-81Cr	-64Cr
Miscellaneous Cash Flow Adjustments	-10L	-	-	-10L	-
Net Change in Cash	59Cr	-47Cr	-31Cr	3.6Cr	19Cr
Supplemental Items
Cash Interest Paid	70L	70L	50L	50L	70L
Cash Income Tax Paid (Refund)	-22Cr	44Cr	81Cr	30Cr	22Cr
Levered Free Cash Flow	103.52Cr	83Cr	28Cr	85Cr	82Cr
Unlevered Free Cash Flow	103.96Cr	83Cr	29Cr	85Cr	82Cr
Change In Net Working Capital	-3.4Cr	33Cr	27Cr	-57Cr	-42Cr
Net Debt Issued / Repaid	-2.5Cr	-60Cr	-16Cr	-18Cr	-20Cr

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	6.3	9.03	7.98	6.48	11.15
Return on Total Capital	7.83	11.78	10.17	7.93	14.05
Return On Equity %	7.9	12.42	12.99	11.17	17.89
Return on Common Equity	7.9	12.42	12.99	11.17	17.89
Margin Analysis
Gross Profit Margin %	33.03	33.33	33.76	33.97	36.83
SG&A Margin	24.62	22.1	23.49	25.11	23.74
EBITDA Margin %	13.06	15	14.88	14.16	18.36
EBITA Margin %	8.41	11.24	10.8	9.18	13.32
EBIT Margin %	8.41	11.24	10.8	9.18	13.32
Income From Continuing Operations Margin %	3.79	5.74	7.29	7.12	9.71
Net Income Margin %	3.79	5.74	7.29	7.12	9.71
Net Avail. For Common Margin %	3.79	5.74	7.29	7.12	9.71
Normalized Net Income Margin	5.83	7.05	7.2	6.29	8.89
Levered Free Cash Flow Margin	9.37	6.66	2.53	8.11	6.11
Unlevered Free Cash Flow Margin	9.41	6.69	2.56	8.14	6.14
Asset Turnover
Asset Turnover	1.2	1.29	1.18	1.13	1.34
Fixed Assets Turnover	4.13	4.91	4.33	3.59	3.78
Receivables Turnover (Average Receivables)	4.99	4.31	3.85	4.39	7.11
Inventory Turnover (Average Inventory)	32.18	36.48	31.3	20.16	12.21
Short Term Liquidity
Current Ratio	1.71	2.02	2.34	2.49	2.12
Quick Ratio	1.62	1.87	2.16	2.22	1.73
Operating Cash Flow to Current Liabilities	0.26	0.22	0.4	0.78	0.82
Days Sales Outstanding (Average Receivables)	73.09	84.61	94.96	83.13	51.34
Days Outstanding Inventory (Average Inventory)	11.34	10	11.69	18.11	29.88
Average Days Payable Outstanding	40.21	37.27	40.04	38.44	25.92
Cash Conversion Cycle (Average Days)	44.22	57.35	66.61	62.8	55.3
Long Term Solvency
Total Debt/Equity	37.47	21.37	15.5	11.3	7.23
Total Debt / Total Capital	27.26	17.61	13.42	10.15	6.74
LT Debt/Equity	5.02	2.75	1.98	1.37	1.29
Long-Term Debt / Total Capital	3.65	2.26	1.72	1.23	1.2
Total Liabilities / Total Assets	44.1	36.91	30.31	25.49	28.74
EBIT / Interest Expense	132.71	200	242.4	192	255.29
EBITDA / Interest Expense	206.14	266.71	334	296.2	352
(EBITDA - Capex) / Interest Expense	193.71	242.43	201.6	127.8	154
Total Debt / EBITDA	1.42	0.69	0.61	0.52	0.23
Net Debt / EBITDA	-1.08	-0.99	-1.09	-1.42	-1.01
Total Debt / (EBITDA - Capex)	1.51	0.76	1.01	1.2	0.52
Net Debt / (EBITDA - Capex)	-1.15	-1.09	-1.8	-3.28	-2.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	56.86	12.66	-9.86	-6.83	28.34
Gross Profit, 1 Yr. Growth %	132.93	13.7	-8.7	-6.26	39.13
EBITDA, 1 Yr. Growth %	-1.4T	29.38	-10.55	-11.32	66.37
EBITA, 1 Yr. Growth %	-231.4	50.7	-13.43	-20.79	86.15
EBIT, 1 Yr. Growth %	-231.4	50.7	-13.43	-20.79	86.15
Earnings From Cont. Operations, 1 Yr. Growth %	-214.17	70.64	14.41	-8.92	74.9
Net Income, 1 Yr. Growth %	-214.17	70.64	14.41	-8.92	74.9
Normalized Net Income, 1 Yr. Growth %	-315.93	36.31	-7.98	-18.5	81.2
Diluted EPS Before Extra, 1 Yr. Growth %	-214.17	70.64	14.77	-5.63	82.3
Accounts Receivable, 1 Yr. Growth %	71.53	6.44	-4.33	-32.7	-2.98
Inventory, 1 Yr. Growth %	11.01	-11.98	23	61.45	128.13
Net Property, Plant and Equip., 1 Yr. Growth %	-7.96	-2.53	7.23	16.92	26.35
Total Assets, 1 Yr. Growth %	13.22	-2.13	-1.91	-2.97	19.58
Tangible Book Value, 1 Yr. Growth %	7.01	10.8	8.5	3.84	14.42
Common Equity, 1 Yr. Growth %	6.71	10.45	8.35	3.74	14.38
Cash From Operations, 1 Yr. Growth %	21.08	-29.86	45.08	61.19	38.85
Capital Expenditures, 1 Yr. Growth %	-8.42	95.4	289.41	27.19	64.61
Levered Free Cash Flow, 1 Yr. Growth %	89.95	-19.96	-65.68	198.15	-3.35
Unlevered Free Cash Flow, 1 Yr. Growth %	89.67	-19.88	-65.49	196	-3.19
Dividend Per Share, 1 Yr. Growth %	100	50	0	0	33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.73	32.94	0.77	-8.36	9.35
Gross Profit, 2 Yr. CAGR %	-1.88	62.74	1.89	-7.48	14.21
EBITDA, 2 Yr. CAGR %	-6.23	310.12	7.58	-10.94	21.47
EBITA, 2 Yr. CAGR %	-5.21	40.72	14.22	-17.19	21.43
EBIT, 2 Yr. CAGR %	-5.21	40.72	14.22	-17.19	21.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-23.77	39.58	39.72	2.08	26.21
Net Income, 2 Yr. CAGR %	-23.77	39.58	39.72	2.08	26.21
Normalized Net Income, 2 Yr. CAGR %	-0.96	71.56	12	-13.4	21.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-23.77	39.58	39.95	4.07	31.17
Accounts Receivable, 2 Yr. CAGR %	-5.47	35.12	0.91	-19.76	-19.19
Inventory, 2 Yr. CAGR %	-4.08	-1.15	4.05	40.92	91.92
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.04	-5.28	2.23	11.97	21.54
Total Assets, 2 Yr. CAGR %	2.43	5.26	-2.02	-2.44	7.72
Tangible Book Value, 2 Yr. CAGR %	-0.49	8.89	9.65	6.15	9
Common Equity, 2 Yr. CAGR %	-0.84	8.56	9.4	6.02	8.93
Cash From Operations, 2 Yr. CAGR %	-15.21	-7.85	0.87	52.92	49.6
Capital Expenditures, 2 Yr. CAGR %	-58.33	33.77	175.85	122.55	44.69
Levered Free Cash Flow, 2 Yr. CAGR %	-3.5	23.3	-47.59	1.15	69.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.32	23.28	-47.41	1.07	69.28
Dividend Per Share, 2 Yr. CAGR %	41.42	73.21	22.47	0	15.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.24	1.45	16.79	-1.83	2.53
Gross Profit, 3 Yr. CAGR %	-0.55	3.06	34.22	-0.9	5.99
EBITDA, 3 Yr. CAGR %	-0.88	4.39	146.87	0.87	9.69
EBITA, 3 Yr. CAGR %	0.99	10.63	19.68	1.1	8.48
EBIT, 3 Yr. CAGR %	1.14	10.63	19.68	1.1	8.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.72	-0.28	30.63	21.15	22.15
Net Income, 3 Yr. CAGR %	-11.72	-0.28	30.63	21.15	22.15
Normalized Net Income, 3 Yr. CAGR %	5.39	10.17	39.4	0.74	10.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.72	-0.28	30.76	22.72	25.46
Accounts Receivable, 3 Yr. CAGR %	-2.86	-1.66	20.43	-11.84	-14.52
Inventory, 3 Yr. CAGR %	-12.72	-6.79	6.32	20.46	65.47
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.82	-5.56	-1.28	6.91	16.57
Total Assets, 3 Yr. CAGR %	3.32	0.89	2.81	-2.34	4.41
Tangible Book Value, 3 Yr. CAGR %	3.5	3.14	8.76	7.68	8.84
Common Equity, 3 Yr. CAGR %	3.19	2.79	8.49	7.48	8.74
Cash From Operations, 3 Yr. CAGR %	-19.91	-20.41	7.2	17.93	48.08
Capital Expenditures, 3 Yr. CAGR %	-32.11	-30.25	91	113.11	101.27
Levered Free Cash Flow, 3 Yr. CAGR %	-11.86	-9.33	-19.49	-6.44	-0.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.78	-9.19	-19.35	-6.46	-0.37
Dividend Per Share, 3 Yr. CAGR %	7.72	44.22	44.22	14.47	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.47	0.81	-0.44	-2.6	13.75
Gross Profit, 5 Yr. CAGR %	3.73	4.18	0.42	-1.29	25.82
EBITDA, 5 Yr. CAGR %	7.1	10.08	2.42	-2.03	85.89
EBITA, 5 Yr. CAGR %	20.41	19.48	6.09	-1.47	20.38
EBIT, 5 Yr. CAGR %	20.68	19.65	6.18	-1.47	20.38
Earnings From Cont. Operations, 5 Yr. CAGR %	14.06	13.84	6.08	0.66	28.84
Net Income, 5 Yr. CAGR %	14.06	13.84	6.08	0.66	28.84
Normalized Net Income, 5 Yr. CAGR %	23.95	20.48	7.98	0.06	31.95
Diluted EPS Before Extra, 5 Yr. CAGR %	11.68	11.95	6.15	1.44	30.92
Accounts Receivable, 5 Yr. CAGR %	-2.65	-3.31	-1.37	-9.34	2.66
Inventory, 5 Yr. CAGR %	-7.53	-7.23	-6.36	9.97	34.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.78	-1.47	-0.83	1.09	7.28
Total Assets, 5 Yr. CAGR %	2.92	1.71	1.15	-0.46	4.75
Tangible Book Value, 5 Yr. CAGR %	8.32	6.52	5.92	4.33	8.86
Common Equity, 5 Yr. CAGR %	7.99	6.15	5.63	4.07	8.67
Cash From Operations, 5 Yr. CAGR %	-3.29	5.26	-12.17	3.35	22.49
Capital Expenditures, 5 Yr. CAGR %	-0.9	0.24	18.95	10.94	70.93
Levered Free Cash Flow, 5 Yr. CAGR %	0.59	24.38	-28.41	-5.27	8.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.46	23.85	-28.27	-5.21	8.49
Dividend Per Share, 5 Yr. CAGR %	10.76	20.11	13.4	24.57	31.95