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Financial Reports
Understanding Financial Reports
I am choosing to analyze Apple Inc., a publicly held company since 1980. The homepage is at http://www.apple.com. I am interested in Apple for many reasons, firstly because it is one of the most successful and largest companies in the entire world, and has reshaped not only the tech industry, but has reshaped the way that we conduct business, from the personal computer of the 1970s to the music revolution with iTunes and the iPod, to modern day smart phones and iPads that provide an enormous amount of information in the palms of our hands. I expect to benefit from the analysis of Apple Inc. because the business has been documented extensively, and therefore I can retrieve expert opinions on Apple's history and future from the most professional sources. Also,...
Apple's Profit Margin was at 25.19% 2Q 2012, which is near the 2Q 2012 number of 25.58%. Apple's Asset Utilization Rate for 2Q 2012 was 1.066, which means Apple was gaining more than $1 for every $1 of Asset it owns, which is an extremely good position to be in. Apple's Asset Utilization Rate for 2Q 2011 was 1.103, even better than the 2012 rate. Apple's Competitive Financial Position was -55Million for 2Q 2012, however for 1Q 2012 it had positive 310 Million, suggesting that Apple decided to…
Apple's Return on Assets for last quarter was 29.70%, a change of plus two percent from 2011. Apple's Profit Margin was at 25.19% 2Q 2012, which is near the 2Q 2012 number of 25.58%. Apple's Asset Utilization Rate for 2Q 2012 was 1.066, which means Apple was gaining more than $1 for every $1 of Asset it owns, which is an extremely good position to be in. Apple's Asset Utilization Rate for 2Q 2011 was 1.103, even better than the 2012 rate. Apple's Competitive Financial Position was -55Million for 2Q 2012, however for 1Q 2012 it had positive 310 Million, suggesting that Apple decided to spend a lot of cash during the last quarter, which is not necessarily a bad thing, but is strange for Apple since they have had positive cash flow each quarter for the last 5 years. Apple is very unique in that they have very little debt. This means that Apple's Free Cash Flow is unusually high, remaining at 7.945 billion for 2Q 2012. Apple has more cash on hand than any company in the world, and therefore its Relative Cash Position is higher than all of its competitors. Apple has been using its cash for growth for several years in a row, with its Receipt and Use of Cash at -12.31 billion.
Google is Apple's primary competitor in the mobile market, which is both Apple and Google's largest sectors, despite the fact that Google's core service is search and Apple's is technology. Google's Return on Assets was 15.02% in 2Q 2012, less than Apple. Google's Profit Margin was at 22.80% for 2Q 2012, lower than Apple, but still an extremely high profit margin by anyone's standards. Google's Asset Utilization Rate is at 0.5564, much lower than Apples, which was over 1.0. Still, 0.55% does not mean that Google is necessarily doing worse than Apple, but it is using its resources less efficiently. Google's Cash Flow was at 639 million for 2Q 2012, a huge level, although it was even higher in 1Q 2012, at 1.23 billion.
Both Apple and Google have extremely successful businesses, and despite being competitors in the mobile sector, they still work together on some projects and have kept a good relationship. Apple is in a better position right now due to its excellent efficiency rates and enormous cash on hand. Google is not far behind, however, and still gains a tremendous amount of money from its search formula.
By May 2012, MedAssets long-term debts are approximately $959.94 Million. Additionally, MedAssets secures loans that carry interest rates. With significant amount of loans that the company has secured and notes that the company has issued, the company faces interest rates risks. To mitigate the effect of risks associated with the fluctuation of the interest rates, the company enters into the series of financial instrument to guide against the risks from
Financial Analysis of Bestwish Limited Company Overview Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process,
Financial statements are produced in order to help stakeholders understand the financial condition of the entity in question. Different types of entities, however, have different reporting requirements. A self-employed individual has very different needs from a limited company, and these are different from not-for-profit organisations as well. This paper will examine some of these differences. The first class of business is the self-employed individual. There are no reporting standards for self-employed
Financial Statement Analysis Westpac (WBC) Westpac banking corporation is one of the largest banking organizations in Australia, and the largest bank in New Zealand. Westpac provides arrays of banking and financial services in Austria, which include institutional banking, retail banking, and wealth management services. Established in 1817, Westpac is the first bank established in Australia. Since its formation, Westpac has increased in its strength, and at present Westpac has the market capitalisations
Financial Management of Not-For-Profit Organizations: Generally, financial management of not-for-profit organizations is similar to the process of financial management in the profit making sector in several aspects. Nonetheless, there are several major differences that contribute to a different focus of a not-for-profit financial manager. In the commercial sector, the for-profit enterprises mainly focus on capitalizing shareholder value and overall profitability. On the contrary, not-for-profit organizations have the basic aim of providing
(2009). Google's Big IPO, Five Years Later. [Article]. Wall Street Journal - Eastern Edition, 254(40), C3. Davis, H.Z., & Peles, Y.C. (1993). Measuring Equilibrating Forces of Financial Ratios. The Accounting Review, 68(4), 725-747. Google Inc. (2012). 2011 Annual Report. Mountain View, CA: Google Inc. Kirby, J. (2009). How Google really does it. (Cover story). [Article]. Canadian Business, 82(18), 54-58. Lee, M.-j. (2010). Measuring the Usage Effects of Tying a Messenger to Windows: A