Country Road
Executive summary
This assignment is generally based on understanding and sighting the performance of the Country road. This report mainly concern with exploring and reinforcing the principles of financial and management accounting from a user perspective. It helps to emphasis on business reporting for decision making in a systematic, integrated and cohesive approach. The objective of this report is to provide end-user with a guide to sources of financial statement data to highlight and define the most relevant ratios, to show you how to compute them and to explain their meaning as investment evaluators. In this regard, we draw your attention to the complete set of financials for Country road Limited (CTY), a publicly listed Company on the ASX. Among the dozens of financial ratios available, we've chosen 30 measurements that are the most relevant to the investing process and organized them into five main categories. Talking about the Country road is one the popular clothing company of Australian which provides products that is designed to show the real way of Australian life. This is report is about to the showing the growth of spread out business entity, and harmonisation and convergence of accounting standards of the company and major impact on the role of today’s accountant comparing with two years accounting period (Country road home page).
Country Road Limited
Introduction
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Country Road (CTY) is involved in the retail of fashion apparel, accessories, homewares and home furnishings. The brand is sold primarily through Country Road retail stores, major department and specialty stores. CTY's strategy for growth is to expand both product ranges and its retail footprint. In light of the current economic conditions, CTY has implemented several cost-saving initiatives. Management continue to focus on cost control and inventory management Country Road is an upscale Australian clothing retailer, with 68 free standing stores and 77 department store
This assignment is generally based on understanding and sighting the performance of the Country road. This report mainly concern with exploring and reinforcing the principles of financial and management accounting from a user perspective. It helps to emphasis on business reporting for decision making in a systematic, integrated and cohesive approach. The objective of this report is to provide end-user with a guide to sources of financial statement data to highlight and define the most relevant ratios, to show you how to compute them and to explain their meaning as investment evaluators. In this regard, we draw your attention to the complete set of financials for Country road Limited (CTY), a publicly listed Company on the ASX. Among the dozens of financial ratios available, we've chosen 30 measurements that are the most relevant to the investing process and organized them into five main categories. Talking about the Country road is one the popular clothing company of Australian which provides products that is designed to show the real way of Australian life. This is report is about to the showing the growth of spread out business entity, and harmonisation and convergence of accounting standards of the company and major impact on the role of today’s accountant comparing with two years accounting period (Country road home page).
Country Road Limited
Introduction
|
Country Road (CTY) is involved in the retail of fashion apparel, accessories, homewares and home furnishings. The brand is sold primarily through Country Road retail stores, major department and specialty stores. CTY's strategy for growth is to expand both product ranges and its retail footprint. In light of the current economic conditions, CTY has implemented several cost-saving initiatives. Management continue to focus on cost control and inventory management Country Road is an upscale Australian clothing retailer, with 68 free standing stores and 77 department store
References: (Birt et al., 2010) Appendix: 1 1.1Return on equity=Profit available to owner /average owners’ equity*100 =12331/ {(84792+74981)/2}*100 1.2Return on Assets ratio=EBIT/Average assets *100 =18056/ {(129194+141668)/2}*100 =372120/ {(129194+141668)/2} =372120/135431 =[{(39113+38758)/2}/164789]*365 = (38935.5/164789)*365 = [{(7438+3371)/2}/372120]*365 = (5404.5/372120)*365 = (74087 -11293)/69056822 =62794/69056822 5.6 Price earnings Ratio= Current market price / Earnings per share = 3.2/17.86 (market price looked on19th sep 2011)