In a world where everyone on twitter or youtube seems to be an expert in equity markets, it gets important for us to not get distracted and focus on what might actually help us in wealth creation.
9 Important Things To Consider In Quarterly Results Before Investing In Stock...ZyloStar
The Global exchange-listed companies must file their quarterly results with the stock market for the four quarters ending in June, September, December, and March. The March results also will include the annual results of the corporate.
Branches of Accounting What You Need to Know When Writing an Assignment.pdfMatt Brown
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
9 Important Things To Consider In Quarterly Results Before Investing In Stock...ZyloStar
The Global exchange-listed companies must file their quarterly results with the stock market for the four quarters ending in June, September, December, and March. The March results also will include the annual results of the corporate.
Branches of Accounting What You Need to Know When Writing an Assignment.pdfMatt Brown
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
Grey matter university introduction to e commerce financials - the basicsNed Barrett
In this lesson, we discuss how to construct and evaluate basic e-commerce profit and loss statements. This is especially helpful for companies or individuals who are trying to start a new e-commerce business or who are trying to add sophistication and financial diagnostics to an existing business.
Budgeting is a process of expressing quantified resource requirements (amount of capital, amount of material, number of people) into time-phased goals and milestones.
Check out more @ www.eleaderstochange.com
Follow: #eleaders2change
Financial statement analysis is the process of reviewing and evaluating a company's financial statements (such as the balance sheet or profit and loss statement), thereby gaining an understanding of the financial health of the company and enabling more effective decision making. Financial statements record financial data; however, this information must be evaluated through financial statement analysis to become more useful to investors, shareholders, managers and other interested parties.
Why is “Profit” a problematic target Please consider in your answer.pdffashioncollection2
Why is “Profit” a problematic target? Please consider in your answer different types of profit, the
possible differences between profit and turnover (=sales) as a measure and also the definitions
and meaning of profit/capital ratio(s).
Solution
\"Profit\" is a problematic target because it includes wide range of emotions and and issues
among respondents i.e. they ranged acceptable profit to profit effect on decision making and
future variability of capitalization. in same way today\'s cash is driven by yesterday;s decision
making on pricing. Profit is the difference between income a business generates and expenses
incurred in business running.
Types of Profit -
1. Gross Profit - Gross profit is difference between all sales of the company and cost of
producing the products for a company. this mainly used by company officials when making
decision about pricing and what material to be used in manufacturing part of business.
2. Net Profit - Net profit subtracts all of the expenses of company from its gross sales. The net
profit is and indicator that how business performing over the time.
3. Net Profit after Interest and Tax - Net profit of a company further reduced when interest and
taxes are deducted from profit.
4. Retained Profit - Retained profit is any profit remaining after the shareholders receive their
dividends.most of the time this funds will reinvested in company.
Differences between profit and turnover -
Turnover is net sales generated by firm while profit is earning of a firm after all expenses have
been charged against net sales.Thus Turnover and Profit is beginning and ending points of the
income statements.
A difference between turnover and profit is that a rising in turnover may be a sign that business
is growing but profit is and indicator of health of business.
The definitions and meaning of profit/capital ratio - Profit capital ratio expressed as percentage,
complements ratio by add a company\'s debt liabilities, or funded debt, to equity to reflect
company\'s total capital. This ratio measures narrow focus to gain a better understanding of
company\'s ability to generate returns from available sources..
Mel feller looks at creating a more profitable businessMel Feller
Mel Feller Looks at Creating a More Profitable Business
Making a profit is the most important - some might say the only - objective of a business. Profit measures success. It can be defined simply: Revenues - Expenses = Profit. Therefore, to increase profits you must raise revenues, lower expenses, or both. To make improvements you must know what is really going on financially at all times. You have to watch every financial event without any kind of optimistic filter.
This article is a series of questions with comments to help you analyze your profits, their sufficiency and trend, the contribution of each of your product lines or services to them, and to help you determine if you have the kind of record system you need. The questions and comments are not meant to be definitive presentations on the subjects.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
More Related Content
Similar to Introduction to financial analysis (101)
Grey matter university introduction to e commerce financials - the basicsNed Barrett
In this lesson, we discuss how to construct and evaluate basic e-commerce profit and loss statements. This is especially helpful for companies or individuals who are trying to start a new e-commerce business or who are trying to add sophistication and financial diagnostics to an existing business.
Budgeting is a process of expressing quantified resource requirements (amount of capital, amount of material, number of people) into time-phased goals and milestones.
Check out more @ www.eleaderstochange.com
Follow: #eleaders2change
Financial statement analysis is the process of reviewing and evaluating a company's financial statements (such as the balance sheet or profit and loss statement), thereby gaining an understanding of the financial health of the company and enabling more effective decision making. Financial statements record financial data; however, this information must be evaluated through financial statement analysis to become more useful to investors, shareholders, managers and other interested parties.
Why is “Profit” a problematic target Please consider in your answer.pdffashioncollection2
Why is “Profit” a problematic target? Please consider in your answer different types of profit, the
possible differences between profit and turnover (=sales) as a measure and also the definitions
and meaning of profit/capital ratio(s).
Solution
\"Profit\" is a problematic target because it includes wide range of emotions and and issues
among respondents i.e. they ranged acceptable profit to profit effect on decision making and
future variability of capitalization. in same way today\'s cash is driven by yesterday;s decision
making on pricing. Profit is the difference between income a business generates and expenses
incurred in business running.
Types of Profit -
1. Gross Profit - Gross profit is difference between all sales of the company and cost of
producing the products for a company. this mainly used by company officials when making
decision about pricing and what material to be used in manufacturing part of business.
2. Net Profit - Net profit subtracts all of the expenses of company from its gross sales. The net
profit is and indicator that how business performing over the time.
3. Net Profit after Interest and Tax - Net profit of a company further reduced when interest and
taxes are deducted from profit.
4. Retained Profit - Retained profit is any profit remaining after the shareholders receive their
dividends.most of the time this funds will reinvested in company.
Differences between profit and turnover -
Turnover is net sales generated by firm while profit is earning of a firm after all expenses have
been charged against net sales.Thus Turnover and Profit is beginning and ending points of the
income statements.
A difference between turnover and profit is that a rising in turnover may be a sign that business
is growing but profit is and indicator of health of business.
The definitions and meaning of profit/capital ratio - Profit capital ratio expressed as percentage,
complements ratio by add a company\'s debt liabilities, or funded debt, to equity to reflect
company\'s total capital. This ratio measures narrow focus to gain a better understanding of
company\'s ability to generate returns from available sources..
Mel feller looks at creating a more profitable businessMel Feller
Mel Feller Looks at Creating a More Profitable Business
Making a profit is the most important - some might say the only - objective of a business. Profit measures success. It can be defined simply: Revenues - Expenses = Profit. Therefore, to increase profits you must raise revenues, lower expenses, or both. To make improvements you must know what is really going on financially at all times. You have to watch every financial event without any kind of optimistic filter.
This article is a series of questions with comments to help you analyze your profits, their sufficiency and trend, the contribution of each of your product lines or services to them, and to help you determine if you have the kind of record system you need. The questions and comments are not meant to be definitive presentations on the subjects.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
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They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
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Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. Introduction to Financial Analysis (101)
Published January 12, 2022 by abhymurarka
Michael Jordan cited: “Get the fundamentals down and everything you do will rise”
In a world where everyone on twitter or youtube seems to be an expert in equity
markets, it gets important for us to not get distracted and focus on what might
actually help us in wealth creation.
Hi everyone, to bring back the basics, here on Multipie, we will dig deep & start the
following series:
● Financial statements analysis
● Company analysis
● Business valuation
● Personal finance
Warren Buffett quotes that “Accounting is the language of business”. Every financial
number is a starcast in the evolving movie called the business.
Hence it’s important to understand what role every starcast aka financial number is
playing in informing us about the business! Trust us its not as simple as calculating a
2. few ratio from annual report. An annual report is approx 100-300 pages and every
page conveys something relevant about a business.
Outline
● We will begin with Financial statement analysis, but first things first,
Why financial analysis is important?
●
We will begin with Financial statement analysis, but first things
first, Why financial analysis is important?
In this section we will connect all the dots of annual report and explain the ideal way
to understand, compare & analyze each & every line item in financial statements of
any company which will help you judge how to discover quality businesses.
This series is brough to you jointly by Finnacle Academy and Multipie
—————————————————————————————————————————
In first edition- Financial statement analysis series we will be starting from 1st and
most important line item- Revenue and in this post we will cover: “Understanding
Presentation & Calculation of Revenue Figures – Part 1”
What is revenue?
Revenue a.k.a topline/total income is sales (turnover) of a company, generated from
its business operations during the year. Companies earn revenue in return for the
supply of goods/ services.
Why understanding revenue & its drivers is important?
● It’s the only sustainable source for the co. to generate cash to fuel the
growth & survival of the business.
3. ● Revenue leads to earnings (after deducting costs) & earnings drives
valuations (we will cover this later that how earnings drive valuations)
Thus, understanding Revenue figures and its drivers is very important as whole
business and valuation analysis is dependent on revenue among a few other factors.
Presentation of revenue is different by different companies in different sectors
E.g: Have a look at revenue reported by a FMCG co. v/s a bank in annual report-
FY21.
HUL:
ICICI Bank:
We will be understand separately in detail how BFSI companies report financial
statements differently than a manufacturing co.
4. How is revenue calculated?
Total Income/Revenue from operations = Revenue from operations + Other Income
In HUL’s case: Total revenue from operations (total income) = Addition of revenue
from Operations and Other Income i.e. 47,028 + 410 = 47,438 Cr.
1. Revenue from Operations: Income generated from the company’s core
business operations.
Now to understand, how this core revenue of 47,028crs is generated one needs to
open the revenue’s footnote number adjacent to the revenue figure (footnote no. 24
in HUL’s case) in the annual report.
Sales of products/services = Sales price (Contract price) – Trade discounts/
volume rebates – Sales returns – Taxes/ Duties
Sales Price/ Contract price – Price at which the good/ service is sold/ rendered
respectively
Trade discounts – Discount offered to retail customers
Volume Rebates- Discount offered to customers for buying in bulk volumes
5. Cash discount- Discount to customers if customers pay advance/ full cash payment
on invoice date for the entire goods bought/ services availed.
To get more clarity on how revenue is exactly recognized, one should read the
revenue recognition policy of the company. E.g of HUL in the snapshot below:
Under new accounting standards, it is mandatory for firms to disclose a breakup and
computation of Revenue from the Contract price (sales of product & service). Look at
HUL’s contract disclosure:
2. Other Operating revenues – Incentives/income which company
receives only because of its business operations. It consists of:
● Export Incentive: Generally offered by Governments to encourage
industries to export their products or services globally/ to a selected
region/ country.
●
6. ● Claims Received: A claim is an official request as part of insurance or
other legal claims for payment which the company demands for the
goods which are usually damaged
●
● Sales tax incentives: Excemptions/ Refund of the state sales tax if co.
is engaged in product categories like renewable energy equipment etc.
●
● Interest subsidy: Amount that the government is offering to incentivize
the borrowers for conducting their operations
For example Interest Subsidy for MSME Units in Gujarat: Through this scheme, an
interest subsidy of up to 7% for micro-enterprises and 5% for SMEs is provided.
2) Other Income: Let’s take a look at what falls under the Other Income item on the
Income statement from footnote 25 in HUL.
Interest Income: is classified as Other Income (i.e. Non-Operating Income) unless
you are in the Banking industry and its core business.
Dividend Income: is classified as Non-Operating Income unless you are a holding
company i.e. it’s your business to invest shareholder’s money in some other
companies and grow them.
Conditions of when hedging gains & FVTPL (Fair value throughP&L) is included in
other income and when in other operating income will be covered later.
7. Now that we have understood how companies present and calculate revenue figures,
the question is, should we take their reported Operating revenue as Revenue for our
analysis? No!
In our next post, we will cover how to understand the adjustment that needs to be
done to make revenue numbers useful for analysis.
That’s it for Part 1. We will also be organizing discussion sessions for each chapter.
Source:
https://www.multipie.co/blog/basics-of-investing/introduction-to-financial-analysis-1
01/
Brought to you by: multipie.co