Financial Report

Uploaded by short + black on Aug 05, 2007

Financial Report

Introduction

Financial reports convey information which involve with assisting and analyzing and also interpreting the financial position of an organization. This report will examine three areas of analysis which incorporate profitability, effectiveness of management policies and the financial stability of the business.

Profitability

Profitability ratios are seen as the businesses ability to earn income within the present financial formation of the business.
Net Profit Ratio

The net profit ratio designates the ability of the business to generate a return on the owners’ investment. For a business to have a high net profit ratio, this means that their operating revenues are high and that their operating expenses are low. If a business has a low net profit ratio, complications arise as it means that they may have higher expenses and that their selling margin is low. Benchmarks for net profit for the three year period were as follows; for 2007 it was 8.5%, for 2006 it was 9.00% and for 2005 this was 8.00%. These benchmarks, when compared to that of Highway Industries are lower which means that Highway Industries is performing at a consistent level. Since 2005, the net profit ratio has risen from 8.44% to 11.88% in 2006. Although it was still above the industry average, the net profit ratio dropped in 2007 by 1.85% to 10.03%. Whilst the business may have dropped in percentage from 2006 to 2007, it rose 1.59% since 2005. This positive net profit indicates that the business has high revenues and low expenses.

Rate of Return on Owners Equity Ratio

Rate of return on owners’ equity ratio specifies the return to the owner on the amount invested in the business. For a business to have a high return on equity ratio means that the business may indicate management efficiency. For the business to have a low ratio, could mean that their management is inefficient and that it could be beneficial for them to invest elsewhere. The rate of return on owners’ equity ratio is significant for the owner it will be evaluated with other returns on different types of investments to verify if the business is a worthwhile investment opportunity. Highway Industries is impressively above the industry average, and has maintained this over the three year period. As with the net profit, this figure has decreased since 2006, but is still increasingly higher than the set benchmark which is set at 12.00% for 2005, 11.00% for 2006 and 13.00% for 2007. In 2005, 2006 and 2007 these figures were 18.60%, 21.63% and 16.24% respectively. Since 2005 this figure has decreased by 2.36%. This drop in percentage could indicate that the business should invest in other places or that it should increase its net profit by reducing expenses.

Effectiveness of Management Policies

Effectiveness of management policies is how successfully managers have been directing and maintaining the set policies of a business.

Turnover of Accounts Receivable

Turnover of inventories rate measures how effectively the business is administrating their accounts receivable. Highway Industries turnover of accounts receivable is as follows; 2005 was 61 days 2006 was 61 times and 2007 was 61 times. These benchmarks are higher than that of Highway Industries and therefore signify that the business has a tight and effective credit policy. The figures for the three year period were as follows; for 2005 it was 65 days which was above the industry average by four days, in 2006 it was 55 days and in 2007 this figure was 58 days. If the business had a low ratio, it would cause some concert as it would mean that they would have a higher chance of having bad debts.

Financial Stability

The financial stability of a business refers to the short term liquidity and long term solvency.

Quick Ratio

A quick ratio indicates the businesses ability to meet its immediate financial obligations such as accounts payable from its immediately accessible or quickly converted assets such as cash and accounts receivable. With a high ratio, the business can be assured that the current liabilities are being paid by the current assets. If the business has a low ratio, this would cause concern as it would indicate that the current liabilities are being paid by the inventory turnover. the following were the benchmarks for 2005, 2006 and 2007; 0.55:1, 0.58:1, 0.62:1 respectivley. These figures were higher than that of Higway Industries. For 2005 the quick ratio was 0.50:1 which was lower than the set benchmark, this low ratio remained for 2006 as the figure was set at 0.50:1, but decreased to 0.48:1 in 2007. this drop in ratio is a matter of concern for the business as it means that the turnover of the assets is paying for the liabilities which shoud be paid for by the current assets. For the business to increase their ratio, they should look at decreasing their current liabilities and increase current assets by increasing sales revenues.

Debt Ratio

Debt ratio signifies the way in which the business is financed and how much the business is borrowing. For the business to have low ratios is an advantage as it means that assets are being funded by owners rather than borrowings. Set benchmarks for the industry is higher than that of Highway Industries, which indicates that the business is generating assets through the owners money rather than borrowings. The set benchmarks for 2005 was 57.00%, 2006 60.00% and was 62.00% for 2007. Highway Industries ratios were as follows, 2005 50.75%, 2006 49.29% and 2007 was 47.36%. For the business to maintain this low ratio they may decrease debts through repayments and minimise the need to hold large assets.

Conclusion

Overall, the business Highway Industries is operating adequately, although there are different aspects of the business that need to be improved. Areas of concern include the decrease in figures since 2005 and 2006 through to 2007. These declines need to be investigated as the business would not like it to keep decreasing as it would not be beneficial for the business. The quick ratio also poses some concerns as it below the benchmark average. For the business to increase this ratio, they should try to increase their current assets while decreasing their current liabilities. Expenses should be monitored regularly and there should also be an increase in sales revenue.

Recommendations

To increase net profit – increase sales revenue and reduce expenses
To increase return on owners equity ratio - owner can contribute more capital and increase net profit
To increase turnover of accounts receivable rate – tighten credit policy, communicate regularly with those with credit accounts via email, telephone, follow late or overdue accounts, offer discounts
To increase quick ratio – increase current assets, increase sales revenue, decrease liabilities
To decrease debt ratio – minimise the need to hold large assets, minimise the need to borrow, try and decrease debt

 

گزارش مالی

Uploaded by short + black on Aug 05, 2007 کوتاه + سیاه و سفید در آگوست 05 ، 2007

Financial Report گزارش مالی

Introduction معرفی

Financial reports convey information which involve with assisting and analyzing and also interpreting the financial position of an organization. گزارش های مالی انتقال اطلاعات است که با کمک و تجزیه و تحلیل و تفسیر موقعیت های مالی از یک سازمان شامل. This report will examine three areas of analysis which incorporate profitability, effectiveness of management policies and the financial stability of the business. این گزارش سه حوزه تجزیه و تحلیل است که گنجاندن سودآوری ، اثربخشی سیاست های مدیریت و ثبات مالی از کسب و کار را بررسی کند.

Profitability سودآوری

Profitability ratios are seen as the businesses ability to earn income within the present financial formation of the business. نسبت های سود دهی به عنوان توانایی کسب و کار برای کسب درآمد در شکل گیری مالی کنونی کسب و کار دیده می شود.
Net Profit Ratio نسبت سود خالص

The net profit ratio designates the ability of the business to generate a return on the owners' investment. نسبت سود خالص تعیین توانایی کسب و کار برای تولید بازده سرمایه گذاری صاحبان. For a business to have a high net profit ratio, this means that their operating revenues are high and that their operating expenses are low. برای یک کسب و کار به نسبت سود خالص بالا ، این به این معنی است که درآمد عملیاتی آنها بالا است و هزینه های عملیاتی خود را پایین هستند. If a business has a low net profit ratio, complications arise as it means that they may have higher expenses and that their selling margin is low. اگر کسب و کار کم نسبت سود خالص ، عوارض بوجود می آیند ، به این معنی است که آنها ممکن است هزینه های بالاتر و حاشیه فروش آنها کم است. Benchmarks for net profit for the three year period were as follows; for 2007 it was 8.5%, for 2006 it was 9.00% and for 2005 this was 8.00%. محک برای سود خالص دوره سه ساله بودند به شرح زیر برای سال 2007 از آن 8.5 درصد بود ، در سال 2006 ، 9.00 ٪ بود و در سال 2005 و 8.00 ٪ بود. These benchmarks, when compared to that of Highway Industries are lower which means that Highway Industries is performing at a consistent level. این معیار ها ، در مقایسه با زمانی که به صنایع بزرگراه پایین که بدان معنی است که بزرگراه صنایع در حال انجام در سطح سازگار است. Since 2005, the net profit ratio has risen from 8.44% to 11.88% in 2006. از سال 2005 ، نسبت سود خالص در سال 2006 از 8.44 درصد به 11.88 درصد افزایش یافته است. Although it was still above the industry average, the net profit ratio dropped in 2007 by 1.85% to 10.03%. هر چند که هنوز هم بالاتر از متوسط ​​صنعت بود ، نسبت سود خالص در سال 2007 با 1.85 ٪ به 10.03 ٪ کاهش یافته است. Whilst the business may have dropped in percentage from 2006 to 2007, it rose 1.59% since 2005. در حالیکه کسب و کار ممکن است در درصد از سال 2006 تا 2007 کاهش یافته ، آن را 1.59 ٪ از سال 2005 افزایش یافت. This positive net profit indicates that the business has high revenues and low expenses. این سود خالص مثبت نشان می دهد که کسب و کار دارای درآمد بالا و هزینه پایین.

Rate of Return on Owners Equity Ratio نرخ بازدهی در نسبت حقوق صاحبان سهام

Rate of return on owners' equity ratio specifies the return to the owner on the amount invested in the business. نرخ بازگشت بر نسبت حقوق صاحبان سهام را مشخص بازگشت به مالک در میزان سرمایه گذاری در کسب و کار است. For a business to have a high return on equity ratio means that the business may indicate management efficiency. برای کسب و کار را به بازگشت به بالا بر نسبت حقوق صاحبان سهام به این معنی است که کسب و کار ممکن است بهره وری مدیریت را نشان می دهد. For the business to have a low ratio, could mean that their management is inefficient and that it could be beneficial for them to invest elsewhere. برای کسب و کار به نسبت کم ، می تواند معنی که مدیریت آنها ناکارآمد است و که از آن می تواند به نفع آنها را به کشور دیگری سرمایه گذاری. The rate of return on owners' equity ratio is significant for the owner it will be evaluated with other returns on different types of investments to verify if the business is a worthwhile investment opportunity. نرخ بازگشت بر نسبت حقوق صاحبان سهام قابل توجه برای مالک آن خواهد شد با بازده های دیگر در انواع مختلف سرمایه گذاری به منظور بررسی صورت کسب و کار است که فرصت های سرمایه گذاری ارزشمند ارزیابی است. Highway Industries is impressively above the industry average, and has maintained this over the three year period. صنایع بزرگراه impressively بالاتر از متوسط ​​صنعت است و این بیش از دوره سه ساله حفظ. As with the net profit, this figure has decreased since 2006, but is still increasingly higher than the set benchmark which is set at 12.00% for 2005, 11.00% for 2006 and 13.00% for 2007. همانطور که با سود خالص ، این رقم از سال 2006 کاهش یافته ، اما هنوز هم به طور فزاینده ای بالاتر از معیار مجموعه ای است که در 12.00 ٪ برای سال 2005 ، 11.00 ٪ در سال 2006 و 13.00 ٪ در سال 2007 است. In 2005, 2006 and 2007 these figures were 18.60%, 21.63% and 16.24% respectively. در سال 2005 ، 2006 و 2007 این ارقام به ترتیب 18.60 ٪ ، 21.63 ٪ و 16.24 ٪ بودند. Since 2005 this figure has decreased by 2.36%. از سال 2005 این رقم به 2.36 ٪ کاهش یافته است. This drop in percentage could indicate that the business should invest in other places or that it should increase its net profit by reducing expenses. این قطره در درصد می تواند نشان می دهد که کسب و کار باید در جاهای دیگر سرمایه گذاری و یا که آن را باید سود خالص خود را با کاهش هزینه ها را افزایش می دهد.

Effectiveness of Management Policies اثربخشی سیاست های مدیریت

Effectiveness of management policies is how successfully managers have been directing and maintaining the set policies of a business. اثربخشی سیاست های مدیریت موفقیت مدیران کارگردانی و حفظ سیاست مجموعه ای از یک کسب و کار است.

Turnover of Accounts Receivable گردش حسابهای دریافتنی

Turnover of inventories rate measures how effectively the business is administrating their accounts receivable. گردش مالی از نرخ موجودی اقدامات چگونه به طور موثر در کسب و کار اداره حساب خود دریافتنی. Highway Industries turnover of accounts receivable is as follows; 2005 was 61 days 2006 was 61 times and 2007 was 61 times. صنایع بزرگراه گردش مالی حساب های دریافتنی به شرح زیر است ؛ سال 2005 61 روز 2006 61 زمان و 2007 61 بار بود بود. These benchmarks are higher than that of Highway Industries and therefore signify that the business has a tight and effective credit policy. این معیار بالاتر از صنایع بزرگراه و در نتیجه دلالت که کسب و کار تا به سیاست های اعتباری محکم و موثر است. The figures for the three year period were as follows; for 2005 it was 65 days which was above the industry average by four days, in 2006 it was 55 days and in 2007 this figure was 58 days. این رقم برای مدت سه سال به شرح زیر است ؛ سال 2005 آن 65 روز بود که بالاتر از متوسط ​​صنعت توسط چهار روز بود ، در سال 2006 به 55 روز بود و در سال 2007 این رقم به 58 روز بود. If the business had a low ratio, it would cause some concert as it would mean that they would have a higher chance of having bad debts. اگر کسب و کار به نسبت کم بود ، آن را برخی از کنسرت آن را به عنوان معنی است که شانس بالاتری از داشتن بدهی های بد می شود.

Financial Stability ثبات مالی

The financial stability of a business refers to the short term liquidity and long term solvency. ثبات مالی از یک کسب و کار اشاره به نقدینگی کوتاه مدت و بلند مدت پرداخت بدهی.

Quick Ratio نسبت سریع

A quick ratio indicates the businesses ability to meet its immediate financial obligations such as accounts payable from its immediately accessible or quickly converted assets such as cash and accounts receivable. نسبت سریع نشان می دهد توانایی کسب و کار برای پاسخگویی به تعهدات مالی از قبیل حساب های قابل پرداخت از دارایی فورا در دسترس است و یا به سرعت تبدیل آن مانند پول نقد و حسابهای دریافتنی فوری آن است. With a high ratio, the business can be assured that the current liabilities are being paid by the current assets. با نسبت بالا ، کسب و کار می توانید مطمئن باشید که بدهی های جاری توسط دارائی های جاری پرداخت می شود. If the business has a low ratio, this would cause concern as it would indicate that the current liabilities are being paid by the inventory turnover. اگر کسب و کار به نسبت پایین است ، این نگرانی را به عنوان آن که نشان می دهد که بدهی های جاری که توسط گردش موجودی پرداخت شود. the following were the benchmarks for 2005, 2006 and 2007; 0.55:1, 0.58:1, 0.62:1 respectivley. 0.55:1 ، 0.58:1 ، respectivley 0.62:1 ، زیر معیار برای سال 2005 ، 2006 و 2007 بودند. These figures were higher than that of Higway Industries. این ارقام بالاتر از صنایع Higway است. For 2005 the quick ratio was 0.50:1 which was lower than the set benchmark, this low ratio remained for 2006 as the figure was set at 0.50:1, but decreased to 0.48:1 in 2007. سال 2005 نسبت سریع 0.50:1 بود که کمتر از معیار تعیین شده بود ، این نسبت کم باقی مانده در سال 2006 به عنوان این رقم در 0.50:1 بود ، اما به 0.48:1 در سال 2007 کاهش یافته است. this drop in ratio is a matter of concern for the business as it means that the turnover of the assets is paying for the liabilities which shoud be paid for by the current assets. این افت نسبت ماده از نگرانی برای کسب و کار ، به این معنی که گردش دارایی ها پرداخت بدهی که shoud برای دارایی های جاری پرداخت می شود. For the business to increase their ratio, they should look at decreasing their current liabilities and increase current assets by increasing sales revenues. برای افزایش نسبت خود را برای کسب و کار ، آنها باید در کاهش بدهی های جاری خود را نگاه کنید و افزایش دارایی های فعلی افزایش فروش درآمد.

Debt Ratio نسبت بدهی

Debt ratio signifies the way in which the business is financed and how much the business is borrowing. نسبت بدهی نشانگر راه است که در آن کسب و کار تامین مالی و کسب و کار است به چه مقدار قرض است. For the business to have low ratios is an advantage as it means that assets are being funded by owners rather than borrowings. مزیت ، به این معنی که دارایی که توسط مالکان به جای استقراض تامین مالی برای کسب و کار به نسبت کم است. Set benchmarks for the industry is higher than that of Highway Industries, which indicates that the business is generating assets through the owners money rather than borrowings. معیار تنظیم برای این صنعت است بالاتر از صنایع بزرگراه ، که نشان می دهد که کسب و کار تولید دارایی از طریق صاحبان پول به جای استقراض است. The set benchmarks for 2005 was 57.00%, 2006 60.00% and was 62.00% for 2007. معیار های مجموعه در سال 2005 ، 57.00 ٪ ، 2006 60.00 ٪ بود و 62.00 ٪ در سال 2007 بود. Highway Industries ratios were as follows, 2005 50.75%, 2006 49.29% and 2007 was 47.36%. بزرگراه نسبت صنایع 2006 49.29 ٪ و 2007 به شرح زیر ، 2005 50.75 ٪ ، 47.36 ٪ بود. For the business to maintain this low ratio they may decrease debts through repayments and minimise the need to hold large assets. برای کسب و کار برای حفظ این نسبت کم ، بدهی های آنها ممکن است از طریق باز پرداخت را کاهش می دهد و به حداقل رساندن نیاز به نگهداری از دارایی های بزرگ.

Conclusion نتیجه

Overall, the business Highway Industries is operating adequately, although there are different aspects of the business that need to be improved. به طور کلی ، کسب و کار صنایع بزرگراه عامل به اندازه کافی ، اگر چه جنبه های مختلف کسب و کار که نیاز به بهبود وجود دارد. Areas of concern include the decrease in figures since 2005 and 2006 through to 2007. مناطق از نگرانی ها عبارتند از : کاهش در آمار و ارقام از سال 2005 و 2006 تا 2007 است. These declines need to be investigated as the business would not like it to keep decreasing as it would not be beneficial for the business. این کاهش نیاز به مطالعه ، به عنوان کسب و کار می خواهم آن را به کاهش آن برای کسب و کار سودمند نخواهد بود. The quick ratio also poses some concerns as it below the benchmark average. نسبت سریع نیز به شمار برخی از نگرانی های آن را به عنوان کمتر از میانگین معیار است. For the business to increase this ratio, they should try to increase their current assets while decreasing their current liabilities. برای کسب و کار برای افزایش این نسبت ، آنها باید سعی کنید در حالی که کاهش بدهی های جاری خود را برای افزایش دارایی های فعلی خود را. Expenses should be monitored regularly and there should also be an increase in sales revenue. هزینه ها باید به طور منظم تحت نظارت و همچنین باید وجود داشته باشد افزایش در درآمد فروش.

Recommendations توصیه ها

To increase net profit – increase sales revenue and reduce expenses برای افزایش سود خالص -- افزایش درآمد فروش و کاهش هزینه ها
To increase return on owners equity ratio - owner can contribute more capital and increase net profit برای افزایش بازده نسبت حقوق صاحبان سهام -- مالک می تواند سرمایه بیشتر و کمک افزایش سود خالص
To increase turnover of accounts receivable rate – tighten credit policy, communicate regularly with those with credit accounts via email, telephone, follow late or overdue accounts, offer discounts برای افزایش حجم معاملات میزان حساب های دریافتنی -- سفت سیاست های اعتباری ، برقراری ارتباط به طور منظم با کسانی که با حساب اعتباری از طریق ایمیل ، تلفن ، به دنبال حساب در اواخر یا سر رسیده ، پیشنهاد تخفیف
To increase quick ratio – increase current assets, increase sales revenue, decrease liabilities برای افزایش نسبت سریع -- افزایش دارایی های جاری ، افزایش درآمد فروش ، کاهش بدهی
To decrease debt ratio – minimise the need to hold large assets, minimise the need to borrow, try and decrease debt. برای کاهش بدهی نسبت -- به حداقل رساندن نیاز به نگهداری از دارایی های بزرگ ، به حداقل رساندن نیاز به قرض ، تلاش و کاهش بدهی.



تاريخ : پنجشنبه ۱٠ آذر ۱۳٩٠ | ۱٠:۱٩ ‎ق.ظ | نویسنده : یونس | نظرات ()