EX-12.1 4 a28784exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1
UTi WORLDWIDE INC.
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
                                         
    Year ended January 31,  
    2007     2006     2005     2004     2003  
Pre-tax income from continuing operations (net of minority interest in net income)
   $ 143,875     $ 94,596     $ 63,869     $ 41,703     $ 37,472  
Add fixed charges computed below
     57,447       36,034       25,849       23,227       16,254  
 
                              
Consolidated earnings available for Fixed Charges
   $ 201,322     $ 130,630     $ 89,718     $ 64,930     $ 53,726  
 
                              
 
                                        
Consolidated Fixed Charges
                                        
Interest expense per financial statements
   $ 23,309     $ 8,814     $ 4,586     $ 5,840     $ 5,127  
Portion of rentals (1/3) representing an interest factor
     34,138       27,220       21,263       17,387       11,127  
 
                              
Consolidated Fixed Charges
   $ 57,447     $ 36,034     $ 25,849     $ 23,227     $ 16,254  
 
                              
Consolidated Ratio of Earnings to Fixed Charges
     3.5x       3.6x       3.5x       2.8x       3.3x