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Apple's economic performance, characterized by high growth, is not infinitely sustainable -- nothing is on a finite planet - but the company can sustain economic success for a very long time. The company's investment returns are very strong. The ROE is 45.58% and the ROA is 29.3%. Both of these figures are around the industry averages. Both of these figures are above the 5-year averages, indicating that Apple has been able to improve its operating performance in the past five years. The company, even over the five-year time horizon, performs roughly in line with its industry peers.
Over the past three years, Apple's performance has improved significantly, and this was on a base of very high performance. The company's income has increased from $42.9 billion in FY2009 to $108.2 billion in FY2011. The net...
This means that not only has the company improved revenues, but it has improved its net margin as well, taking it from 19.19% to 23.9%.
Apple's balance sheet is equally impressive, and shows tremendous strength. At the end of FY 2011, Apple has $25 billion in cash, and a current ratio of 1.6. Three years ago, Apple had $23.464 billion in cash and a current ratio of 2.74. The company has not had any long-term debt on its books at any point in the past three years. This tells us that Apple has excellent balance sheet strength. Its accounts receivable has increased rapidly over the past three years and that has driven down the current ratio, but the company still has enough cash to cover its payables in their…
Works Cited:
MSN Moneycentral: Apple (2012). Retrieved March 23, 2012 from http://investing.money.msn.com/investments/key-ratios?symbol=AAPL
Apple needs to increase its market share for iPad 4. Product outline Apple Inc. is a well known technology firm that specializes in designing, production and selling of computers, mobile phones and music related devices. The most outstanding feature of Apple Inc. is the brand-perception as well as identification. Apple has built itself to become a cult-brand over the last decade with the strategy to invest and market iTunes, QuickTime and iMaclines
Apple needs to increase its market share for iPad 4. Product outline Apple Inc. is a well known technology firm that specializes in designing, production and selling of computers, mobile phones and music related devices. The most outstanding feature of Apple Inc. is the brand-perception as well as identification. Apple has built itself to become a cult-brand over the last decade with the strategy to invest and market iTunes, QuickTime and iMaclines
74 and a cash ratio of 2.03. Apple has no long-term debt and a 2-to-1 debt ratio (MSN Moneycentral, 2010). Apple has relatively few weaknesses. The company's emphasis on software, marketing and design has left it with a weakness in hardware. Apple products do not have the superior lifespans one would expect from a product commanding a premium price tag. Another weakness is the dependence on leadership. Apple without Steve Jobs simply
Managerial Economics The company that I am going to write about is Apple, Inc., which designs and markets personal electronics devices, software and accessories. Apple is known for its strategic control systems, both in terms of behavior control and information control. Chapter 9 notes that there are two different approaches to informational control, the traditional approach and the contemporary approach. The traditional approach compares performance against standards while the contemporary approach
The primary reason to own Altria is its dividend. The current dividend, $1.28 per year, results in a dividend yield of 8.34%. Given that Altria's EPS is only $1.54 per year, it is evident that the company pays out most of its profits to its shareholders. Despite the declining business, the company is well-positioned to maintain relatively stable revenue streams that will enable it to maintain this dividend. As a
As a consequence, investors may suffer. Importance of the Study It is necessary and pertinent to discuss the importance of any study, and this particular study is important to many people across many countries. Not only does it have importance for people who are trusting people with their pension and hedge funds in Germany, but it also has importance for people who are considering a career working with these funds and