Strateginis įmonės planavimas kursinis darbas

Introduction. Financial analysis. Liquidity Ratios. Leverage Ratios. Profitability ratio. Efficiency Ratios. Roe. Roa. Ros. Dupont analysis. Multiplicative model. Conclusion. References.

1998-12-23 “Mažeikių pieninė” and “Pasvalio sūriai” merged and was rcrated new company called “Pieno žvaigždės”.

Down below you can see the 2012 – 2014 Liquidity ratios of “Pieno Žvaigždės” enterprise.

Later on in dropped down to basically the same number as 2012’s – 1.123 (21.25% lower than 2013’s ratio).

Opposite situation here, with Quick Ratios – we can see U shape graphic in 2012 – 2014 period.

From the trend it seems that the Quick Liquidity Ration will be around 0.4 to 0.6 it the near future.

All in all it is really hard to speak about near future and future trends only from 3 years period. But it is easier to see why we got particular number on current period. For instance, the current Liquidity Ratio should be around 0.5 to 2.0. Different thing is with quick ratio – perfect situation when it is 1:1. However, this varies widely by industry.

A high ratio here means most of the company‘s debt has long-term charatacteristics, which usually means more safety.

Comparing to two charts before we can finally see an obvious change during this period of three years. During the 2013 year, the ratio went up from 0,34 to 0,52. The growth of this ratio shows, that company, during this financial year had more long-term characteristics, which usually means, that during this year company were more safety for investors. On the other two years (2012, 2014) the average level of debt structure ratio (0,38) was quite low, which means, the company was more risky for new investors and creditors.

As we see, during year 2012, the ratio was greater than 10, which means company was making way more money than they needed for paying interests. But during next two years 2013 and 2014, we can see a huge drop of a ratio. (2013 it was 4,04, and on 2014 it was ~5,9).

In conclusion, company is extremely liquid and it should‘nt have problem with paying interests on outstanding debts.

In the last chart of leverage ratios we can see a stable line during this three years period. Starting from 2012, until 2014 the ratio changed just a little bit. The avarage level of ratio (0.3) shows, that company keeping very low costs of debt through the years and they don‘t have to spend a lot of money to pay debts. Which also means, that the company can save money for other operations that must be done.

Total Sales doesn‘t reach even 800000. Our company Total Assets in all year are quite simmilar (arround 340000). As comparing all three year Total Assets Turnover we can see how our company is performing. Overall, the higher total assets turnover ratio in 2014 shows the better productivity of „Pieno žvaigždės“.

Shows the quality of receivables business, giving the average lenght (in days). It shows how much time company allow customers to purchase goods via credit and for how long it takes to turn receivables into cash. Analysing this efficiency ratio in each year we can see that the lenght of days has decreased almost twice from 2012. The lowest number of Average Collection period ratio the better ability to turn receivables into cash. „Pieno žvaigždės“ company by this ratio shows that their lenght has decreased which is good option.

  • Finansai Kursinis darbas
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Strateginis įmonės planavimas kursinis darbas. (2016 m. Gruodžio 06 d.). Peržiūrėta 2018 m. Kovo 19 d. 18:52