The document analyzes the financial ratios of Millat Tractor from 2015-2014. It calculates various liquidity, solvency, activity, and profitability ratios. The current ratio decreased slightly from 2.28 to 2.21, while the quick ratio improved from 1.21 to 1.32. The debt-to-equity ratio increased from 0.53 to 0.61, while the debt ratio rose from 34.50% to 37.52%, indicating slightly higher risk. Inventory and receivables turnover ratios increased, showing better management of assets. Finally, the gross profit ratio improved from 17.82% to 19.43%, a positive sign of decreasing costs.
Suzuki Motors Company.
Uploaded, designed and prepared by;
Muhammad Ameen Ujjan
BBA (Hons) #Finance
Shah Abdul Latif Univeristy
Khairpur, Sindh, Pakistan
The objective was to visit any well reputable, large scale organization and Analyze the HRM functions on these lines; Recruitment, Selection, Training, Appraisal, and Compensation. For the purpose, we have chosen National Foods.
Suzuki Motors Company.
Uploaded, designed and prepared by;
Muhammad Ameen Ujjan
BBA (Hons) #Finance
Shah Abdul Latif Univeristy
Khairpur, Sindh, Pakistan
The objective was to visit any well reputable, large scale organization and Analyze the HRM functions on these lines; Recruitment, Selection, Training, Appraisal, and Compensation. For the purpose, we have chosen National Foods.
Business Project Report on Nishat Textile Mills PakistanMuhammad Shahid
This is a complete Business Project Report of the Nishat Textile Mills Pakistan including Organization Introduction, Industry Introduction, Industry Analysis, Market Analysis, Pest Analysis, Environmental Analysis, SWOT Analysis.
the financial statement analysis of Pakistan tobacco company.Financial performance of Pakistan tobacco company (ptc) and Philip morris pakistan limited (pmpkl) Through ratio analysis Tobacco industry in pakistan.
Financial Management Project on Financial Ratio Analysis on Engro Corporation Ltd.
It's a project of Financial Ration Analysis, Complete Ratio Analysis on Engro Ltd. vs Fauji Fertilizer Company of three years (2011-2012, 2012-2013, 2013-2014).
the internship report at lucky cement factory plant at karachi near nooriabad .......
we see no. of activitise over here and we enjoy alot ........
this report include all process and activites to make the cement ..........!!!!
This is a project of Ratio Analysis uploaded for MBA 2nd Semester students. This is of Fatima Fertilizer, Pakistan. Hope will help you a lot. If any question feel free to mail me. Tk all.
Ratio analysis of Tata motors. It is cover all ratios of Tata motors of 2021 and 22. This PPT help to analyse the financial position of Tata motors. and also help investors to understand about they should invest or not in Tata motors. We all know that Tata motors is a huge giant company.
Visited National Foods Ltd to make a report for Mangement course. where we met Abdul Munam who gave us every possible ans which we needed. I must say as we studied NFL, there are running a wonderfull corporation, they know their responsibility not only to make revenue but also social and moral responsibility.
Business Project Report on Nishat Textile Mills PakistanMuhammad Shahid
This is a complete Business Project Report of the Nishat Textile Mills Pakistan including Organization Introduction, Industry Introduction, Industry Analysis, Market Analysis, Pest Analysis, Environmental Analysis, SWOT Analysis.
the financial statement analysis of Pakistan tobacco company.Financial performance of Pakistan tobacco company (ptc) and Philip morris pakistan limited (pmpkl) Through ratio analysis Tobacco industry in pakistan.
Financial Management Project on Financial Ratio Analysis on Engro Corporation Ltd.
It's a project of Financial Ration Analysis, Complete Ratio Analysis on Engro Ltd. vs Fauji Fertilizer Company of three years (2011-2012, 2012-2013, 2013-2014).
the internship report at lucky cement factory plant at karachi near nooriabad .......
we see no. of activitise over here and we enjoy alot ........
this report include all process and activites to make the cement ..........!!!!
This is a project of Ratio Analysis uploaded for MBA 2nd Semester students. This is of Fatima Fertilizer, Pakistan. Hope will help you a lot. If any question feel free to mail me. Tk all.
Ratio analysis of Tata motors. It is cover all ratios of Tata motors of 2021 and 22. This PPT help to analyse the financial position of Tata motors. and also help investors to understand about they should invest or not in Tata motors. We all know that Tata motors is a huge giant company.
Visited National Foods Ltd to make a report for Mangement course. where we met Abdul Munam who gave us every possible ans which we needed. I must say as we studied NFL, there are running a wonderfull corporation, they know their responsibility not only to make revenue but also social and moral responsibility.
Class 12 Accountancy Project
Analysis of Financial Statements of Deepak Nitrite Limited.
Specific 1=> Calculation of Accounting Ratios. (2018-19, 2019-20)
Specific 2=> Cash Flow Statement and comments on it. (2018-19, 2019-20)
Specific 3=> Segment analysis of 4 segments on the basis of Revenue, PBIT, Capital Employee and Combined Comparative Statement.
The data used for this project is from the annual report of Deepak Nitrite Limited taken from www.bseindia.com.
From the data of the financial year ended 31st March 2020
Weatherford International public limited company (hereinafter re.docxcelenarouzie
Weatherford International public limited company (hereinafter referred as to Weatherford or WFT) is a multinational oilfield company with headquarters in Baar, Switzerland. The company operates in virtually every oil and natural gas exploration and production region of the world. It operates in 100 counties and reviews its performance on geographic bases. WFT is a provider of the equipment and services to oil and natural gas exploration and production industry. According to the company’s 10-K report, it invests heavily in research and development in order to improve efficiency, productivity, quality of products and services, and its primary strategies are innovation, invention, integration, development, and commercialization.
Company’s risk factors. Among the macroeconomic and industry specific factors, the company lists the following financial risk factors that affect its profitability:
· Litigation: securities class action, settlements of violations, investigations by SEC and DOJ with regard to the failure to maintain effective internal controls over financial reporting, and shareholder suits.
· Impairments of the company’s goodwill, long-lived assets, and intangible assets.
· Gain/loss on sale of the non-core businesses and closure of the operating facilities.
· Foreign currency translation risk.
· Company’s credit rating.
· Fluctuation of the effective tax rate.
· Reduction of benefits as a result of the “redomestication” to Ireland.
Ratio analysis.
Liquidity Analysis
2015
2014
2013
2012
Current Ratio
1.38
1.97
1.54
1.58
Cash Ratio
0.12
0.12
0.08
0.05
Cash to Debt Coverage
0.18
0.20
0.22
0.25
Working Capital
$1,533,000
$3,917,000
$3,075,000
$3,319,000
Cash conversion cycle
243.10
180.77
207.77
210.31
Operating cycle
385.78
322.09
378.82
353.22
Form the liquidity ratios it is noticeable that the company’s working capital has decreased in the recent year by 61% and there is insufficient amount of cash coming form the operating activities. The company has a sufficient amount of current assets to cover its maturing obligations. However, only 12% of its total assets consists of cash. It should be noted that WFT’s cash position declined over the last four years, this could be due to the increase in operating cycles, it now takes longer for the company to convert its inventory into cash. This implies, that the need in short-term financing of the operations might arise. Activity ratios can help to clarify the picture.
Activity Ratios
2015
2014
2013
2012
AR turnover
3.76X
4.37X
3.98X
4.17X
Days Sales Outstanding
97.06
83.61
91.79
87.50
Inventory turnover
1.26X
1.53X
1.27X
1.37X
Days Inventory on Hands
288.71
238.48
287.03
265.72
AP turnover
2.56X
2.58X
2.13X
2.55X
Number of Days in AP
142.68
141.32
171.05
142.91
The decrease in the turnover ratios is obvious. These ratios affect the operation cycle. It is noticeable that in 2015 it took over 97 days for Weatherford to collect its revenue from the customers. The 10-K report states, that the compan.
Worldcom scam that happened in the early 2000s due to the internet boom and bubble. Worldcom scam that happened in the early 2000s due to the internet boom and bubble. Worldcom scam that happened in the early 2000s due to the internet boom and bubble. Worldcom scam that happened in the early 2000s due to the internet boom and bubble. Worldcom scam that happened in the early 2000s due to the internet boom and bubble.
Zichun Gao Professor Karen Accounting 1AIBM FInancial Stat.docxransayo
Zichun Gao Professor Karen Accounting 1A
IBM FInancial Statement Analysis
Financial Ratios 2019 2018 Formula
Current Ratio 1.02 1.29 CA/CL
Profit Margin 12.22% 12.35% Net Income/Total Revenue
Receiveables Turnover 9.80 10.71 Revenue/Average AR
Average Collection Period 36.72 33.62 365/Receiveables Turnover
Inventory Turnover 25.11 25.36 COST/Average Inventory
Days in Inventory 14.53 14.39 365/Inventory Turnover
Debts to Asset Ratio 0.86 0.86 Total Debts/Total Assets
IBM's days in inventory is around two weeks and this means that goods in the inventory
as efficnetly distributed and that there is a consitantly good inventory control for the
company.
The company's debts to assets ratio is the same for two years and this means that the
company has less debt than asset. However, it is still a relatively poor ratio because this
might show that there are potential problems for the company to generate sufficient
revenue.
The current ratio of the company has decreased over the year, and this means that the
company has less liquid assets to cover its short term liabilities. Since the ratio is
currently approaching 1, the company might be having liquidation problem.
The profit margin for IBM is very stable and it has been about 12% for two years. The
company is performing the profit-generating ability at an average level and it is having
an average profit margin in the industry.
The receiveables turnover is good for the company while between these two years, there
is a decline. As the company is collecting its accounts receiveables around 10 times per
year, the collection is frequent.
The company has been collecting money from customers on credit sales approximately
once every month, and the company usually has fast credit collection, which means that
the risk for credit sales is relatively low.
Inventory turnover measures how many times a company sells and replaces inventory
during a year and for IBM, the number of times is stable and it is constantly around 25.
This means that the company has an efficient control of its goods in the inventory.
Free Cash Flow 11.90 11.90 CF_Operation-Capital Expenditures
Return on Assets 0.06 0.08 Net Income/Total Assets
Asset Turnover 0.51 0.65 Revenue/Assets
Figures From Financial Statement
From Income Statement pg.68
Net Income 9431 9828
Total Revenue 77147 79591
Cost 40657 42655
From Consolidated Balance Sheet pg.70
Current Assets 38420 49146
Current Liabilities 37701 38227
Accounts Receiveables 7870 7432
Inventory 1619 1682
Total Assets 152186 123382
Total Liabilities 131202 106452
From Cash Flow Overview pg.59
Net Cash From Op 14.3 15.6
Capital expenditures 2.4 3.7
The company currently has 11.9 billion dollars free cash flow for two years and this is a
relatively high level of free cash flow. With the high free cash flow, the company can
have more oportunity to expand, invest in new projects, pay dividends, or invest the
money into Resea.
promotion meaning promotion and upgradation rational of promotion merit of p...AnshikaSirohi
**Promotion Meaning:**
- **Definition:** Promotion refers to the advancement of an employee to a higher position or rank within an organization due to factors such as performance, experience, or qualifications.
**Promotion and Upgradation:**
- **Promotion:** Involves moving to a higher-level position with increased responsibilities, authority, and often, higher pay.
- **Upgradation:** Refers to upgrading an employee's current position by enhancing their role, responsibilities, and sometimes, compensation, without necessarily changing their job title or rank.
**Rationale of Promotion:**
- **Recognition of Performance:** Promotion rewards employees for their hard work, dedication, and exceptional performance, motivating them to continue contributing positively to the organization.
- **Career Growth:** It provides employees with opportunities for career advancement, skill development, and personal growth, leading to job satisfaction and higher retention rates.
- **Succession Planning:** Promotions help in identifying and grooming talented individuals for leadership roles, ensuring a pipeline of capable leaders within the organization.
**Merits of Promotion:**
- **Motivation:** Promotions act as incentives, motivating employees to strive for excellence and contribute effectively to the organization's goals.
- **Skill Enhancement:** Employees often acquire new skills and experiences in higher-level roles, enhancing their overall capabilities and value to the organization.
- **Employee Loyalty:** Recognizing and rewarding employees through promotions fosters loyalty, commitment, and a positive organizational culture.
**Demerits of Promotion:**
- **Unfairness:** If promotions are not based on merit but rather favoritism or bias, it can lead to resentment, demotivation, and decreased morale among employees.
- **Lack of Preparation:** Promoting employees without adequate training or preparation for their new roles can result in performance issues, inefficiencies, and potential setbacks for the organization.
- **Retention Challenges:** In cases where promotions are limited or competitive, employees who are not promoted may feel underval
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2. Presented To : Sir Mohsin Faraz
Group Members
ATEEQ UR REHMAN 26
ASAD ALI 75
JAWAD ALI 51
3. Millat Tractor Limited
The company is engaged in assembly and
manufacturing of agricultural Tractors, Implements
and Multi-application products.
Millat is a global group of companies, recognized for a
range of quality products with innovative design
capabilities.
Date of incorporation June 08, 1964
Date of commencement of Operations June 15, 1964
Date of Privatization is Jan 1992
4. Financial Analysis
Assessment of the firm’s past, present and future
financial conditions
Done to find firm’s financial strengths and weaknesses
Primary Tools:
Financial Statements
Comparison of financial ratios to past, industry, sector
and all firms
5. Objectives of Ratio Analysis
Standardize financial information for comparisons
Evaluate current operations
Compare performance with past performance
Compare performance against other firms or industry
standards
Study the efficiency of operations
Study the risk of operations
6. Types of Ratios
Financial Ratios:
Liquidity Ratios
Assess ability to cover current obligations
Leverage Ratios
Assess ability to cover long term debt obligations
Operational Ratios:
Activity (Turnover) Ratios
Assess amount of activity relative to amount of resources used
Profitability Ratios
Assess profits relative to amount of resources used
Valuation Ratios:
Assess market price relative to assets or earnings
7. Balance sheet All amount in millions of PKR
Current assets 2015 2014 2013
Cash and short term investment 2,002 1,357 2,765
Total receivable net 1,998 1,661 3,363
Total inventory 2,685 2,673 2,837
Prepaid expenses …… ….. …..
Other current assets total 26 27 30
Total current assets 6,711 5,719 8,996
Property, plant equipment net 766 757 704
Good will net ……. …… …..
Intangible net 3.87 5.89 0.84
Long term investment 975 931 1024
Note receivable long term 1.91 1.94 2.07
Total assets 8,602 7,709 10,966
8. LIABILITIES
Account payable 1,093 829 2,849
Accrued expenses 233 203 198
Other current liabilities 1,720 1,475 2,283
Total current liabilities 3,046 2,507 5,330
Deferred income tax 16 24 23
Minority interest 157 119 106
Long term debt 0 0 0
Other liabilities 11 11 11
Total liabilities 3,229 2,660 5,470
SHAREHOLDER EQUITY
Common stock 443 443 403
Retain earning 4,930 4,606 5,093
Other equity total 0.15 0.23 (0.05)
Total equity 5,373 5,049 5,496
Total liability & equity 8,602 7,709 10,966
9. Income statement In millions of PKR (except for per share items)
REVENUE AND GROSS PROFIT 2015 2014 2013
Total revenue 23,929 17,422 23,324
OPERATING EXPENSES
Cost of revenue total 19,279 14,316 19,207
Selling ,general and admin expenses total 875 794 766
Depreciation 39 28 30
Other operating expenses 66 66 65
Total operating expenses 20,258 15,204 20,067
Operating income 3,671 2,218 3,257
Other net (261) (144) (227)
INCOME TAX AND INTREST
Net income before taxes 3,894 2,244 3,379
Provision for income tax 1,363 803 1,159
Net income after tax 2,530 1,441 2,220
Minority interest (48) (19) (20)
Net income 2,483 1,422 2,200
DPS 53 40 48
EPS 56 32 50
10. Liquidity Ratios
21.2
3046
6711
sLiabilitieCurrent
AssetsCurrent
:RatioCurrent
Current Ratio:
Years 2015 2014
Current ratio 2.21 2.28
The industrial average is 2.05 .In 2014, the firm’s ability to cover its current liabilities
with its current assets was 2.28. In 2015, the ratio goes down to 2.21 as compared to
2014, which means that the company has the ability to pay its liabilities, as the definition
says that higher the ratio, greater the ability of the firm to pay its bills.
11. Quick/Acid Test Ratio:
Years 2015 2014
Quick ratio 1.32 1.21
3.1
3046
4026
sLiabilitieCurrent
Inventory-AssetsCurrent
:RatioQuick
The industrial average is 1.22 .According to the definition of Acid Test Ratio,
the company should have the ability to pay its liabilities through its most liquid
assets. The table shows that in 2014, the firm has the ratio 1.21 cents. Then we
observe a slight improvement in 2015.
12. Solvency ratio
Debt to equity Ratio
1:53.0
5373
3229
fundrshareholde
sliabilitietotal
:raioequitydebt to
Years 2015 2014
Debt to equity ratio 0.61 :1 0.53 :1
Note there is no long term debt so total liability is taken as debt. This ratio
measure the relationship between long term debt and equity in the 2015 the ratio was
0.61 :1 that’s show more secure position there is less chance of bank while in 2014 it
was 0.53 :1 so there is more butter and secure position for outsider .
13. Debt ratio
%52.37100*
8602
3229
assettotal
sliabilitietotal
:raiodebt
Years 2015 2014
Debt ratio 37.52 % 34.50 %
The ratio shows the company’s ability to cover its debts through its total assets.
The ratio was34.50% in 2014 then goes up in 2015. The ratio has to be low. So we
can interpret that in the year 2015, the risk of the firm is getting higher as the ratio
goes up.
14. Activity ratio
Inventory turnover ratio
18.7
2685
19279
inventoryaverage
operationfromrevenueofcost
ratioturnoverinventory
Years 2015 2014
Inventory turnover ratio 7.18 times 5.35 times
Inventory turnover ratios deteriorated from 2014 to 2015, which means
that its ability to sell inventory has relatively increase. In 2014 Millat
tractor Ltd had a ratio of 5.35 and in 2015 has a ratio of 7.18.This ratio is
increase as compared to previous years so it indicates a good sign for the
company.
15. Trade receivable turnover ratio
97.11
1998
23929
receivabletradeaverage
operationfromrevenuecreditnet
ratioturnoverreceivable
It express the relationship between credit revenue from operation and trade receivable
so in 2015 its 11.97 time and in 2014 its 10.48 so our collection is improving and its
good then previous year.
Years 2015 2014
Trade receivable turnover
ratio
11.97 time 10.48times
16. Profitability ratio
Gross profit ratio
%43.19100*
23929
4650
operationfromrevenue
profitgross
profitgross
Years 2015 2014
Gross profit ratio 19.43% 17.82%
Its indicate the gross margin on product sold in 2015 its 19.43% as compare
to 2014 which is 17.82 % so its increase indicate good sign so its means cost of
revenue from operation decrease