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Financial Analysis Report Sample: In recent years, the company has enjoyed steady growth due to the company's perceived product superiority among professional riders supported by a statistic that shows that sixty percent of all race winners had been riding a Competition Bikes, Inc bicycle.
Although the company has marketed its products aggressively using this strength, it faces intense competition from Wheel Racing, Inc, which in addition to having a huge financial base makes equally good lightweight frame bicycles, as does Competition Bikes, Inc.
This paper will carry out an analysis of the company's financials to identify the company's strengths and weaknesses. Financial Statement Analysis for Competition Bikes, Inc Financial statement analysis Six means the way of evaluating, reviewing balance sheets with the aim of gaining insight, and understanding of the financial welfare of a company and providing management with information for decision-making.
Since financial analysis is a decision making, its focus is in isolating that information that is relevant to making decision. This paper will utilize three classifications of analyzing methods, which include vertical three, horizontal, and trend analysis.
Horizontal analysis refers to the analysis and comparison of financial information history throughout a reporting period in sequence. The comparison done in a period of two years for instance Summary analysis essay example, quarterly, or a year.
Financial analysis in this form can be reflected on financial statement such as the consolidate statement of financial position, Consolidated statement of comprehensive income, consolidated statement of cash flows.
There are two methods of conducting a horizontal analysis.
The first method is the absolute comparison. An absolute comparison compares absolute currency amounts of the same items at different times. For instance, one might do a comparison of the cash at hand in an ending period of accounting in relation to cash at hand of an ending period. The second method of conducting horizontal analysis is by the use of percentages.
Such treatment of financial information makes it possible to compare the percentage difference of line products in duration of accounting. Because comparison is done on percentages instead of absolute values, this method becomes significant compared to two firms of various sizes.
By using horizontal analysis when analyzing the financial statement Competition Bikes, Inc the sixth, seventh, and eighth shareholders, shareholders can have an overview of the performance of the firm. This analysis indicates a significant growth in FY six and seven. Due to the increase reflected on Competition Bikes Income statement net sales of about thirty percent.
However, the decrease of fifteen percent indicated on FY eight can be an indication of the word of mouth. Advertising that the company has been relying on maybe declining in effect consequently, the company must search for new advertising strategies to ensure growth within the market.
The cost of goods sold in FY7 increased to thirty three percent of FY 6. The firm was capable of reducing the cost by fifteen percent in FY 8. The company should aim at increasing the amount of sales as this would increase its results.
Operating expenses rose by twenty-three percent in FY 7. However, the firm was able to minimize these expenses by 3. Despite the evidence reflected of cutbacks in operating expenses being positive, it advisable to minimize costs when need arise.
Company analysis on consolidated statement of financial position shows that, total assets remained considerably stable in duration of three years under review. Cash amount from Competition Bikes decreased by This decrease, partly because of increases in accounts receivable, which indicated a This situation changed on Financial Year 7 and 8 due the balance between the cash.
The management of the firm needs to look at the causes of these disparities keenly in order to improve the organization's efficiency. However, despite the negative changesreported in the company's financials, the analysis of the company's financial statements also reveals notable improvements in a number of key areas.
Secondly, the company has been able to retain its operating profits constant, meaning that stakeholder wealth has not declined despite the harsh operating conditions that Competitive Bikes is now operating. However, this gives an overview that, profits in that firm remained steady for a period of three years.
By continuing to minimize the cost of goods with increasing sales, it should also reflect a growth in gross profits.
The decrease in net earnings and net sales shows a crucial weakness. Management of the company should put more effort to increase the sales. Due to the raising operating expenses, despite their reduction reflected in FY 8, goes on to overwhelm the decrease in sales.In order to write an analytical essay, you need to consider using the parts of an essay, which are the introduction, body, and the essay conclusion.
But, you also need to make sure that you start by choosing your topic for analysis. Summary analysis essay example. 5 stars based on 77 reviews ph-vs.com Essay.
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