财务报表分析英文课件.ppt
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财务报表分析 英文ppt课件
Rolling Forecast (done each month)
By ledger, complete P&L and B/S forecast by month
Includes Cost of Quality, Cost Savings and Economics projections
Final Results
Versus Versus Versus Versus While While
Current Profit Increase Current Profit Increase Increase Of Return On Investment Increase Liquidity Minimizing Capital Expenditures The Day-to-day Business Needs
($0.2) $0.5 $0.0 $0.5 $0.8 -0.8%
Other Inc/Exp Admin / Cap Charge
($2.0) ($4.0)
($1.8) ($4.0)
($0.2) $0.0
Operating Profit ROS %
$39.0 15.6%
$37.1 15.3%
$1.9 0.3%
N Tax Manager
North Asia
O Tax Manager
India
P Director of Finance North Asia (Team of 5)
Q Country Controller
India (Team of 5)
R Finance Manager (20%)
Taiwan
S Tax Manager Asia Pacific
By ledger, complete P&L and B/S forecast by month
Includes Cost of Quality, Cost Savings and Economics projections
Final Results
Versus Versus Versus Versus While While
Current Profit Increase Current Profit Increase Increase Of Return On Investment Increase Liquidity Minimizing Capital Expenditures The Day-to-day Business Needs
($0.2) $0.5 $0.0 $0.5 $0.8 -0.8%
Other Inc/Exp Admin / Cap Charge
($2.0) ($4.0)
($1.8) ($4.0)
($0.2) $0.0
Operating Profit ROS %
$39.0 15.6%
$37.1 15.3%
$1.9 0.3%
N Tax Manager
North Asia
O Tax Manager
India
P Director of Finance North Asia (Team of 5)
Q Country Controller
India (Team of 5)
R Finance Manager (20%)
Taiwan
S Tax Manager Asia Pacific
财务分析报告英文版ppt课件
Deferred expenses-long term
Deferred income tax assets Total non-current assets Total assets:
2009
36.79% 5.80% 17.20% 2.23% 0.35% 17.36% 0.19% 79.93%
.
4
The review of latest earnings
The sales were 82,880,000,000 in 2011, increased to 30.75% of the 2010 level in 2011. Realized earnings before income tax provision and interests were 10,190,000,000. An increase of 24.70%. The net profit were 8,430,000,000. An increase of 31.82%. Realized 797 million net profit after buckle, increased by 31.16%. The diluted EPS is 0.91. Due to the significantly decrease in main raw material cost price, made the gross earnings ratio increase to 28.71% in the fourth quarter, increased the gross earnings level throughout the year obviously 24.03%
The company's brand to borrow Jacques realize from "low voltage electrical supplier" to "solution provider" change, so as to get higher gross margin and wide development space, the realization enterprise of in-depth development.
Deferred income tax assets Total non-current assets Total assets:
2009
36.79% 5.80% 17.20% 2.23% 0.35% 17.36% 0.19% 79.93%
.
4
The review of latest earnings
The sales were 82,880,000,000 in 2011, increased to 30.75% of the 2010 level in 2011. Realized earnings before income tax provision and interests were 10,190,000,000. An increase of 24.70%. The net profit were 8,430,000,000. An increase of 31.82%. Realized 797 million net profit after buckle, increased by 31.16%. The diluted EPS is 0.91. Due to the significantly decrease in main raw material cost price, made the gross earnings ratio increase to 28.71% in the fourth quarter, increased the gross earnings level throughout the year obviously 24.03%
The company's brand to borrow Jacques realize from "low voltage electrical supplier" to "solution provider" change, so as to get higher gross margin and wide development space, the realization enterprise of in-depth development.
财务报表分析英文课件 (12)
– Components can be rearranged, subdivided, or tax effected, but the total must reconcile to net income of each period. – Discretionary expenses, components like equity in income (loss) of unconsolidated subsidiaries or affiliates should be segregated. – Components reported pretax must be removed along with their tax effects if reclassified apart from income from continuing operations.
CHAPTER
11
11-3
Earnings Persistence
• Earnings persistence is a key to effective equity analysis and valuation • Analyzing earnings persistence is a main analysis objective • Attributes of earnings persistence include:
Recasting and Adjusting
• Information for Recasting and Adjusting
– Income statement, including its subdivisions:
• Income from continuing operations • Income from discontinued operations • Extraordinary gains and losses • Cumulative effect of changes in accounting principles – Other financial statements and notes – Management’s Discussion and Analysis – Others: product-mix changes, technological innovations, work stoppages, and raw material constraints
CHAPTER
11
11-3
Earnings Persistence
• Earnings persistence is a key to effective equity analysis and valuation • Analyzing earnings persistence is a main analysis objective • Attributes of earnings persistence include:
Recasting and Adjusting
• Information for Recasting and Adjusting
– Income statement, including its subdivisions:
• Income from continuing operations • Income from discontinued operations • Extraordinary gains and losses • Cumulative effect of changes in accounting principles – Other financial statements and notes – Management’s Discussion and Analysis – Others: product-mix changes, technological innovations, work stoppages, and raw material constraints
财务分析报告英文版ppt课件
.
3
Company profile
Stock name: CHINT ELECTRICS Stock code: 601877
Is China's leading company in the field of low voltage electrical appliances
Adhere to the independent innovation, research and development a series of with independent intellectual property rights, reach the international advanced level of low voltage electric products
Inventory Current assets-others
Total current assets Non-current assets： Equity investment-long term
Investment Property Fixed assets
Construction in process Intangible assets
The company's brand to borrow Jacques realize from "low voltage electrical supplier" to "solution provider" change, so as to get higher gross margin and wide development space, the realization enterprise of in-depth development.
财务报表分析(双语)chapter4
Chapter 4, Slide #17
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Single-step Form
Revenue Net sales Interest income
XYZ COMPANY Income Statement For The Year Ended December 31, 2008
$50,000 3,000 15,000 $68,000 $30,000 5,000 3,200
An income statement, known as a Profit and Loss Statement, is a summary reporting profitability or the operating result of a business for an accounting period, such as one month, one quarter, or one year.
Conception of Income Statement
What Is an Income Statement?
What is Income Statement used for? The basis of Income Statement .
What Is an Income Statement?
200
3,000 $41,400
Net Income
财务分析报告英文版ppt课件
可编辑课件PPT
2
CHINT ELECTRICS Is China's largest production of
low voltage electric appliance manufacturing enterprise, the specialty is engaged in distribution appliances, control electric appliances, terminal apparatus, and power electronic and electric power supply low-voltage products development, production and sales. Chint is recognized for a famous Chinese trademark, chint brand universal type circuit breaker, plastic shell type breaker series product has been awarded "China famous brand product" title. The company in 2004 won the Chinese quality management of the highest award, the national quality management award
17.83% 0.48% 0.09% 18.41% 43.10%
12.03% 28.24% 2.98% 11.83% 55.06% 1.84% 56.90% 100.00%
Balance Sheet Vertical Common-size Analysis
财务报表分析英文课件 (3)
o
Timeliness - periodic disclosure, not real-time basis Frequency - quarterly and annually Forward Looking - limited prospective information
o o
2-17
Accruals-The Cornerstone
2-2
CHAPTER
2
2-3
Statutory Financial Reports
Form 10-K (Annual Report)
10-Q (Quarterly Report)
20-F (Registration Statement/ Annual Report [Foreign]) 8-K (Current Report) 14-A (Proxy Statement/Prospectus) Other SEC Filings
Illustration - Case Facts
Establish company and invest $700 equity o Purchase plain T-shirts for $5 each o Fixed screen cost of $100 o Variable print cost of $0.75 per T-shirt o Sold 25 T-shirts at $10 each for cash o Sold 25 T-shirts at $10 each on credit
$250
Assets Cash
$275
$(675) $(425)
Equity Beginning Equity $700 Less net cash outflow (425) Total equity $275
Timeliness - periodic disclosure, not real-time basis Frequency - quarterly and annually Forward Looking - limited prospective information
o o
2-17
Accruals-The Cornerstone
2-2
CHAPTER
2
2-3
Statutory Financial Reports
Form 10-K (Annual Report)
10-Q (Quarterly Report)
20-F (Registration Statement/ Annual Report [Foreign]) 8-K (Current Report) 14-A (Proxy Statement/Prospectus) Other SEC Filings
Illustration - Case Facts
Establish company and invest $700 equity o Purchase plain T-shirts for $5 each o Fixed screen cost of $100 o Variable print cost of $0.75 per T-shirt o Sold 25 T-shirts at $10 each for cash o Sold 25 T-shirts at $10 each on credit
$250
Assets Cash
$275
$(675) $(425)
Equity Beginning Equity $700 Less net cash outflow (425) Total equity $275
财务报表分析英文课件Cha
ROCE: return to common
Shareholders on7ly
Return on Assets (ROA)
ROA presents profitability independent of the source of financing – Does not consider leverage – Measure of how well the firm uses its assets to generate income – As if the firm is financed by equity alone
What to compare?
1. The planned ratio for the period
2. The corresponding ratio from a prior period (time-series analysis)
3. The corresponding ratio for another firm in the same industry (cross-section analysis)
as a whole
b. Return on common equity (ROCE): return to common shareholders only
c. Earnings per common share
.
6
Analysis of Profitability
ROA: return to .the firm
risk of investment alternatives, and the role of analysis in providing risk and return information.
财务报表分析英文课件 (1)
– –
Case-6
Specialization in Financial Statement Analysis
• Analysis usually viewed from the perspective of a “typical” company • Recognizing the existence of several distinct factors
Case-5
Reporting on Financial Statement Analysis
•
– – –
A good analysis report typically contains at least six sections devoted to:
Executive summary. Brief summary focused on important analysis results; it launches the analysis report. Analysis overview. Background material on the company, its industry, and its economic environment. Evidential matter. Financial statements and information used in the analysis. Assumptions. Identification of important assumptions regarding a company’s industry and business environment, and other important assumptions for estimates and forecasts, including its business strategy. Crucial factors. Listing of important favorable and unfavorable factors, both quantitative and qualitative. Inferences. Includes forecasts, estimates, interpretations, and conclusions drawing on all prior sections of the report.
财务报表分析英文PPT课件
Shareholders -- Focus on the profitability and long-term health of the firm.
6-4
Examples of Internal Uses of Statement Analysis
Plan -- Focus on assessing the current financial position and evaluating potential firm opportunities. Control -- Focus on return on investment for various assets and asset efficiency. Understand -- Focus on understanding how suppliers of funds analyze the firm.
6-1
Carroll College, Waukesha, WI
After studying Chapter 6,
you should be able to:
Understand the purpose of basic financial statements and their contents.
6-3
Examples of External Uses of Statement Analysis
Trade Creditors -- Focus on the liquidity of the firm.
Bondholders -- Focus on the long-term cash flow of the firm.
Analyze a firm’s return on investment (i.e., “earning power”) and return on equity using a DuPont approach.
6-4
Examples of Internal Uses of Statement Analysis
Plan -- Focus on assessing the current financial position and evaluating potential firm opportunities. Control -- Focus on return on investment for various assets and asset efficiency. Understand -- Focus on understanding how suppliers of funds analyze the firm.
6-1
Carroll College, Waukesha, WI
After studying Chapter 6,
you should be able to:
Understand the purpose of basic financial statements and their contents.
6-3
Examples of External Uses of Statement Analysis
Trade Creditors -- Focus on the liquidity of the firm.
Bondholders -- Focus on the long-term cash flow of the firm.
Analyze a firm’s return on investment (i.e., “earning power”) and return on equity using a DuPont approach.
财务报表分析英文课件：ch4 Foundations of Ratio and Financial
2000
Sales Cost of goods sold
Gross profit Selling, general and administrative expenses Research and development costs Restructuring Costs Earnings from operations Interest expense and other costs (credits) Earnings before income taxes Provision for income taxes Net earnings
4
CHAPTER
Foundations of Ratio and Financial Analysis
1. Introduction
Financial statements users
Equity investor
Creditor
Long term earning power
short term long term
solvency analysis
ability of the firm to satisfy its longer-term debt and investment obligations
Profitability analysis
measures the income of the firm relative to its revenues and invested capital.
Pfizer
4 19 19 8 5 54% 8 26 4
100%
Takeda
24 17 17 8 3 69% 9 17 0
100%
P 115
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Basket Wonders Balance Sheet (thousands) Dec. 31, 2019a
Cash and C.E.
$ 90 a. How the firm stands on
Acct. Rec.c
394 a specific date.
Inventories
696 b. What BW owned.
Prepaid Exp d
5 c. Amounts owed by
Accum Tax Prepay
10 customers.
Current Assetse $1,195 d. Future expense items
Fixed Assets (Cost)f 1030
already paid.
Explain why financial statement analysis is important to the firm and to outside suppliers of capital.
Define, calculate, and categorize (according to liquidity, financial leverage, coverage, activity, and profitability) the major financial ratios and understand what they can tell us about the firm.
6-5
Primary Types of Financial Statements
Balance Sheet
A summary of a firm’s financial position on a given date that shows total assets = total liabilities + owners’ equity.
6-1
Carroll College, Waukesha, WI
After studying Chapter 6,
you should be able to:
Understand the purpose of basic financial statements and their contents.
Chapter 6
Financial Statement Analysis
© Pearson Education Limited 2019
Fundamentals of Financial Management, 12/e
Created by: Gregory A. Kuhlemeyቤተ መጻሕፍቲ ባይዱr, Ph.D.
6-3
Examples of External Uses of Statement Analysis
Trade Creditors -- Focus on the liquidity of the firm.
Bondholders -- Focus on the long-term cash flow of the firm.
Income Statement
A summary of a firm’s revenues and expenses over a specified period, ending with net income or loss for the period.
6-6
Basket Wonders’ Balance Sheet (Asset Side)
Shareholders -- Focus on the profitability and long-term health of the firm.
6-4
Examples of Internal Uses of Statement Analysis
Plan -- Focus on assessing the current financial position and evaluating potential firm opportunities. Control -- Focus on return on investment for various assets and asset efficiency. Understand -- Focus on understanding how suppliers of funds analyze the firm.
Define, calculate, and discuss a firm’s operating cycle and cash cycle.
Use ratios to analyze a firm's health and then recommend reasonable alternative courses of action to improve the health of the firm.
Analyze a firm’s return on investment (i.e., “earning power”) and return on equity using a DuPont approach.
Understand the limitations of financial ratio analysis.
Use trend analysis, common-size analysis, and index analysis to 6-2 gain additional insights into a firm's performance.
Financial Statement Analysis
Financial Statements A Possible Framework for Analysis Balance Sheet Ratios Income Statement and Income Statement/Balance Sheet Ratios Trend Analysis Common-Size and Index Analysis