analyser - thanks for reply nc., page-4

can somebody tell me where i'm going wrong I'm just trying to do some simple maths here and want to know if I've gone wrong anywhere.For these calculations I am using direct costs as (e) other working capital less capital expenditure etc

Q 1
Sales 2.104m
staff costs 393k
direct costs 1040k

so general ratios staff costs 18.3% of revenue, direct costs 49.4% of revenue

Q2
Sales 3.1m
staff costs 468k
direct costs 1390k

so general ratios staff costs 15% of revenue, direct costs 44.8% of revenue

Q3
Sales 5.145m
staff costs 562k
direct costs 1698k

so general ratios staff costs 10.9% of revenue, direct costs 33% of revenue

I could try to cacluate some other ratios and guess the depreciation and investment in capital investment etc, but from what I can see the last quarter was a great one. Top line revenue growth is there, its being earned in a cost effective way (i.e. the synergies are showing through) and everything looks solid.

All we need now is another suitable acquisition or the expansion plans to kick in based on a big customer showing up.

Have I got anything wrong here? I'm not generally that bright so let me know where I've gone wrong.