Efficiency Asset turnover (times) 1.88 2.26 2.19 Inventory turnover (days) 95.62 90.55 95.10 Accounts receivable turnover (days) 50.37 42.66 45.16 Liquidity Current ratio 4.12 4.1 3.91 Quick asset ratio 2.46 2.45 2.21 Capital Structure Gearing ratio 2.37 2.36 2.54 Safety Styles Pty Ltd Application Decision It would be my recommendation to grant Safety Styles their application for additional finance. Profitability: Safety Styles Pty Ltd has demonstrated in is able to generate and increase
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expansion through retained profit is that Goodprice already relies heavily on debt capital; their gearing ratio in 2009 was 55%. Despite the fact that Goodprice’s gearing ratio has been decreasing steadily from 2004 when it was at 65% to 2009. If Goodprice was to finance their expansion through external sources of finance such as a bank loan this might incur interest charges which may result in the gearing ratio increasing. However there are other strategies that Goodprice could still use to raise
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interest to pursue bite-sized acquisitions‚ but remains cautious to contain its gearing levels. But gearing is relatively high. Olam’s key weakness‚ in our view‚ is its high gearing ratio. It is more heavily geared than its peers‚ with total debt to equity ratio of 4.67x‚ substantially higher than its peers‚ whose gearing ratios range from 0.48x to 1.38x. Even after adjusting for its hedged inventories and receivables‚ gearing remains above that of its peers’. The group’s reliance on debt could pose refinancing
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Introductory Accounting Assignment Introductory Accounting Assignment Student: Vu Ngoc Quynh Anh Student ID: s3373451 Course Code: ACCT2105 Lecturer: Lan Anh Nguyen Thi Semester 1‚ 2012 Nick Scali Limited Annual Report 2011 Student: Vu Ngoc Quynh Anh Student ID: s3373451 Course Code: ACCT2105 Lecturer: Lan Anh Nguyen Thi Semester 1‚ 2012 Nick Scali Limited Annual Report 2011 Part A: The Financial Information of Nick Scali Limited Company Question 1: The Company’s principal
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Profitability ratio’s Liquidity ratio’s Introduction: The aim of this report is to conduct an analysis of the financial statements of J. Sainsbury plc and Tesco plc for the year ending 2013‚ comparing both companies by looking at the ratios calculated and looking at the importance of supplementing financial analysis with non-financial considerations. Tesco is Britain’s leading food retailer and the third largest
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ratios‚ gearing ratio and profitability ratios was done and‚ in our view‚ being a highly financed business Next plc managed to deliver quite decent results in this testing and critical period. It adopted such policies and made such decisions that allowed earning per share rise 24% and increase the dividend payout in spite of the fact that the dividend cover ratio has not changed. It has increased its operational profit that is of great importance for Next plc due to its high level of gearing. It still
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Introduction: The current economic crisis is raising difficulties for investors who want to gain higher profit through investing the right companies. With the help of ratio analysis‚ this report will focus on the performances of Tesco and Sainsbury from year 2008 to 2009‚ making a comparison between Tesco‚ which is the largest British retailer by both global sales and domestic market share (Wikipedia‚ 2009)‚ and Sainsbury‚ which is the third largest chain of supermarkets in UK with a share of
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2. Analysing Financial Performance Analyse the company’s financial performance‚ over two years‚ using the following ratios (you will need to present your results): * Current ratio * Acid test ratio * Gearing * Asset turnover ratio * Inventory turnover ratio (if appropriate) * Receivables (debtors’) days * Payables (creditors’) days * Gross profit margin * Net profit margin * Return on capital employed (ROCE) * Dividend per share (if information is available)
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32‚ no. 1‚ pp. 35-46. Marketline (2012) ‘Company Profile PZ Cussons Plc’. Marketline Report [Online]. Available at www.marketline.com (Accessed: 7 November 2012). Muradoglu‚ G.‚ Bakke‚ M. and Kvernes‚ G.L. (2005) "An investment strategy based on gearing ratio"‚ Applied Economics Letters‚ vol. 12‚ no. 13‚ pp. 801-804. PZ Cussons (2012) Annual Reports and Accounts. Available at http://www.pzcussons.com/pzc/ir/reports (Accessed: 6 November 2012). Ready Ratios (2012) Reference. Available at http://www
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