Income Statement Analysis (p. 39) 1.How much did sales grow from 2014 to 2015, in dollars and percent? 2.List the top 3 geographic regions where Apple.

Slides:

Advertisements

Similar presentations

Analyzing Financial Statements

Advertisements

GET RICH QUICK CO. Financial Statement Ratio Analysis: Profitability Long-Term Financial Position Short-Term Financial Position.

Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapter 14.

CF Winter Winter Corporate Finance 1.Capital Budgeting  Long-term investments which ones? 2.Capital Structure  Long-term financing.

12-1 Discontinued Operations  Parts of a company’s operations that are eliminated  A one-time occurrence  Income/loss from discontinued operations separately.

BAGIAN 3 The Analysis of Financial Statements. 2(C) 2004 Prentice Hall, Inc. The Analysis of Financial Statements This chapter will develop tools and.

Financial Statement Analysis

Memorial University of Newfoundland

Chapter 14.  To make informed decisions about a company  Generally based on comparative financial data 2Copyright (c) 2009 Prentice Hall. All rights.

Financial Statements, Taxes, and Cash Flow

Financial Statement Analysis

Learning Objectives Understand the Business – LO1 Describe the purposes and uses of horizontal, vertical and ratio analyses. Study the accounting methods.

This week its Accounting Theory

Chapter Thirteen Financial Statement Analysis Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Ch.13 Financial Statement Analysis. Stockholders Financial Statement Analysis Creditors Will I be paid? How good is our investment?

“How Well Am I Doing?” Financial Statement Analysis

FINANCIAL STATEMENT ANALYSIS UNIT 12 Analysing financial statements involves evaluating three characteristics of a company: 1. its liquidity 2. its profitability.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Chapter Thirteen Financial Statement Analysis.

1 Ratios Ratios è Two types: èLiquidity ratios (Solvency ratios) èProfitability ratios è Single ratio by itself is not very meaningful.

1 FINANCIAL STATEMENT ANALYSIS CHAPTER 13. Fundamental Analysis Finance (chapter 12): Valuation techniques  Dividend discount model, P/E ratio  Need.

Accounting Principles Second Canadian Edition Prepared by: Carole Bowman, Sheridan College Weygandt · Kieso · Kimmel · Trenholm.

1 Managerial Accounting Weygandt Kieso Kimmel Financial Statement Analysis: The Big Picture Chapter 14.

Financial Statement Analysis

The McGraw-Hill Companies, Inc. 2008McGraw-Hill/Irwin CHAPTER 13 Financial Statement Analysis.

Accounting Principles, Ninth Edition

Part 1: financial statement analysis

Parts of a Financial Statement 1.Statement of Income 2.Balance Sheet 3.Statement of Cash Flow 4.Statement of Stockholders’ Equity.

Historical Performance Analysis Analysts:. 3-Year Compound Average Growth Rates.

Key Financial Ratios 1. Profitability Ratios Key ratios – Return on shareholders’ equity (ROE) – Return on assets (ROA) – Return on sales (ROS) – Gross.

Williams Sonoma Annual Report Justin Kovacsik ACG

Intro to Financial Management Understanding Financial Statements and Cash Flows.

Financial Statement Analysis

WORKING WITH FINANCIAL STATEMENTS Chapter 3. Key Concepts and Skills  Understand sources and uses of cash and the Statement of Cash Flows  Know how.

Chapter 18-1 LO 5 Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. Ratio Analysis Illustration.

McGraw-Hill/Irwin Slide 1 Preliminary Press Releases Releasing Financial Information Quarterly and Annual Reports Securities and Exchange Commission (SEC)

Chapter 9: Financial Statement Analysis

Financial Ratios Clicker Quiz. What is this ratio? Market Price Per Share Earnings Per Share A. Inventory Turnover B. Accounts Receivable Turnover C.

Parts of a Financial Statement 1.Statement of Income 2.Balance Sheet 3.Statement of Cash Flow 4.Statement of Stockholders’ Equity.

Financial Statement Analysis: The Big Picture

Types of Ratio Analysis FTime Series, Historical, or Trend Analysis  Example: FCross-Sectional or Peer Comparison Analysis  Example:  Sources of Comparative.

Th 9 ©The McGraw-Hill Companies, Inc Foundations of Financial Management E D I T I O N N I N T H Irwin/McGraw-Hill Block Hirt 5 C H A P T E R FIVE.

Analyzing Financial Statements Chapter 23.

©2012 McGraw-Hill Ryerson Limited 1 of 34 Learning Objectives 1.Calculate 13 financial ratios that measure profitability, asset utilization, liquidity.

Analyzing Financial Statements Chapter 13 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-1 McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights.

Chapter 18: Financial Statement Analysis Basics of Financial Statement Analysis Tools of AnalysisRatio Analysis.

Accounting Principles Second Canadian Edition Prepared by: Carole Bowman, Sheridan College Weygandt · Kieso · Kimmel · Trenholm.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 11 Financial Statement Analysis McGraw-Hill/Irwin © 2008 The McGraw-Hill.

Fourth Edition 1 Financial Statement Analysis. Fourth Edition 2 Outline 1.Financial statements 1.Income statement and margin analysis 2.Ratio analysis.

TIFFANY & CO. Crystal Curtis ACG After completing your analysis, write an executive summary of your conclusions here…. Overall, Tiffany and co.

McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 19 Financial Statement Analysis.

Chapter Nine Financial Statement Analysis © 2015 McGraw-Hill Education.

Dell Inc. James Mauney 080. Executive Summary My analysis of Dell Inc. resulted in the conclusion of Dell Inc. being a stable and growing company.

 The McGraw-Hill Companies, Inc., 1999 INVESTMENTS Fourth Edition Bodie Kane Marcus Irwin/McGraw-Hill 19-1 Financial Statement Analysis Chapter 19.

Book Cover Chapter Thirteen. ©The McGraw-Hill Companies, Inc. 2006McGraw-Hill/Irwin Chapter Thirteen Financial Statement Analysis.

Accounting: What the Numbers Mean Study Outline and Overhead Master Chapter 11.

Liquidity and Efficiency

Pre – MBA Program Accounting Ratios Nov 11, 2012.

Historical Performance Analysis

Financial Statement Analysis

Financial Statement Analysis

Prepared by: Carole Bowman, Sheridan College

Financial Statement Analysis

Analysis Example Financial Ratio

Financial Analysis – Part 2

Financial Analysis & Ratios

Financial Analysis Quick ratio: ($22,000+ $41,500)/

Ch. 3: Working with Financial Statements

Intro to Financial Management

5 Financial Analysis FIVE C H A P T E R Irwin/McGraw-Hill

Presentation transcript:

Income Statement Analysis (p. 39) 1.How much did sales grow from 2014 to 2015, in dollars and percent? 2.List the top 3 geographic regions where Apple sells (p. 24). Which regions are growing the fastest? 3.Calculate the gross margin % for 2013, 2014 and 2015? What, if any, trend do you see in gross margin? 4.What product(s) accounted for most of the sales growth (see pgs 24 & 68)? What products are growing in sales, which are declining? What might management be considering? 5.How many iPhones have they sold in the last three years? iPads? Do you think there is any correlation? 6.Calculate the profit margin % for 2013, 2014 and 2015? What, if any, trends to you see? 7.How has Apple grown its Earnings per Share?

Balance Sheet Analysis (p. 41) 1.Calculate the current ratio for 2014 & Compare and provide an analysis of the change (i.e. better, worse, worrisome?) 2.Does Apple use FIFO, LIFO or Weighted- Average to value inventory (pg. 48)? 3.Calculate average inventory turnover for 2015? Days sale in inventory? 4.How much did Property, Plant & Equipment change between 2014 & 2015? What accounts for most of that change (see pg. 53)? 5.Which depreciation method does Apple use (p. 48)? Why do you think they use that methodology? 6.How many shares of stock is Apple authorized to sell? How many were outstanding in 2015 & 2014? 7.Has Apple purchased any Treasury Shares (p. 60)?

Statement of Cash Flow Analysis (p. 43) 1.For which year is the cash flows from operating activities the greatest? 2.In which year did Apple spent the most cash to purchase long-term assets? 3.How much has Apple spent in the last three years to buy back its own stock?

Other Analysis 1.Calculate the dividend yield for 2014 and 2015 using the data shown on pg 22. The year-end stock prices were $294 (2015) and $254 (2014). Assess any changes in the yield for the two years. 2.Calculate the Price Earnings ratio for 2014 and 2015 using data shown on pgs 22. The year-end stock prices were $294 (2015) and $254 (2014). Assess any changes in the ratio for those two years.

Accounting Policies (Notes to Consolidated Financial Statements p. 48) 1.How does Apple estimate its Allowance for Doubtful Accounts? What % does the allowance represent of A/R (see p. 41) ? Calculate for the two years. 2.How do they account for their inventory? How much is inventory as a % of total assets (see p. 41) ? Calculate for the two years. 3.What depreciation methodology do they use? Why do you think they picked that one?

Liquidity Ratios (p. 704) Calculate & compare for 2015 & Current Ratio 2.Days in Inventory 3.Average Collection Period

Solvency Ratios (p. 704) Calculate & compare for 2015 & Debt to assets 2.Cash debt coverage 3.Free Cash Flow

Profitability Ratios (p. 705) Calculate & compare for 2015 & Return on total assets 2.Return on common shareholders’ equity 3.Basic earnings per share 4.Payout ratio