• Financial analysis of a multinational enterprise - INDITEX

     Novērtēts!

    Referāts69 Ekonomika

Vērtējums:
Publicēts: 24.10.2022.
Valoda: Angļu
Līmenis: Augstskolas
Literatūras saraksts: 56 vienības
Atsauces: Ir
Laikposms: 2016. - 2020. g.
2021. - 2025. g.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 1.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 2.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 3.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 4.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 5.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 6.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 7.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 8.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 9.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 10.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 11.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 12.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 13.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 14.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 15.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 16.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 17.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 18.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 19.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 20.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 21.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 22.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 23.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 24.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 25.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 26.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 27.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 28.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 29.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 30.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 31.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 32.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 33.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 34.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 35.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 36.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 37.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 38.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 39.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 40.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 41.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 42.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 43.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 44.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 45.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 46.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 47.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 48.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 49.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 50.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 51.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 52.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 53.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 54.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 55.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 56.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 57.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 58.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 59.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 60.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 61.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 62.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 63.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 64.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 65.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 66.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 67.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 68.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 69.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 70.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 71.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 72.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 73.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 74.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 75.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 76.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 77.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 78.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 79.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 80.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 81.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 82.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 83.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 84.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 85.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 86.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 87.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 88.
  • Referāts 'Financial analysis of a multinational enterprise - INDITEX', 89.
SatursAizvērt
Nr. Sadaļas nosaukums  Lpp.
  EXECUTIVE SUMMARY    i
1.  Introduction    1
2.  Methodology    2
3.  Ratio analysis    3
3.1.  Debt ratios    3
3.1.1.  Debt ratio    3
3.1.2.  Debt to equity ratio    4
3.2.  Liquidity ratios    5
3.2.1.  Current ratio    5
3.2.2.  Quick (acid – test) ratio    6
3.3.  Activity ratios    6
3.3.1.  Inventory turnover    7
3.3.2.  Average collection period    8
3.4.  Profitability ratios    8
3.4.1.  Return on total assets    9
3.4.2.  Return on equity    9
3.5.  Market ratios    10
3.5.1.  Price/Earnings ratio    11
3.5.2.  Market/Book ratio    12
4.  Working Capital Management    13
4.1.  Cash Conversion Cycle    13
4.2.  INDITEX Cash Conversion Cycle timeline for 2020    13
4.3.  Comparison of INDITEX and its competitors’ CCC    14
4.3.1.  Average Age of Inventory    14
4.3.2.  Average Collection Period    15
4.3.3.  Average Payment Period    15
4.3.4.  Cash Conversion Cycle    16
4.4.  The impact of inbound logistics on CCC    16
4.4.1.  EOQ (Economic Order Quantity)    16
4.4.2.  JIT (Just in Time)    17
4.4.3.  MRP (Materials Requirement Planning)    17
4.5.  INDITEX CCC experience    17
4.6.  The impact of the proposed strategy    18
5.  Capital structure    19
5.1.  Debt    19
5.2.  Equity    19
5.2.1.  Stock valuation    19
5.3.  Optimal capital structure    19
5.4.  Cost of capital    20
5.5.  Leverage    21
5.5.1.  Operating leverage    21
5.5.2.  Financial leverage    21
6.  Bonds and stocks    23
7.  Commentary on the news article    24
7.1.  Impacts on the financial state of INDITEX    24
8.  Conclusion    26
9.  Recommendations    27
9.1.  Financial Perspective. ROE    27
9.2.  Financial Perspective. ROA    27
9.3.  Customer Perspective    27
9.4.  Internal Business / Learning and Growth Perspectives    28
  Reference list    29
  Appendices    36
  APPENDIX A: Consolidated statements    36
A.1.  Consolidated statements of INDITEX    36
A.2.  Consolidated statements of Fast Retailing Co    40
A.3.  Consolidated statements of H&M    44
A.4.  Consolidated statements of GAP Inc    49
  Appendix B: Calculations of ratios    53
B.1.  Calculations of INDITEX ratios for a period 2018-2020    53
B.2.  Calculations of Fast Retailing Co. ratios for a period 2018 - 2020    54
B.3.  Calculations of GAP Inc. ratios for a period 2018-2020    56
B.4.  Calculations of H&M ratios for a period 2018-2020    58
  Appendix C: Calculations of cash conversion cycle for 2020    60
  Appendix D: Calculations of the degree of financial and operating leverage for 2020    61
  Appendix E: Article that impacts the financial performance of INDITEX    62
  Appendix F: Industry analysis    64
F.1.  Porter`s Five Forces analysis    64
F.2.  SWOT Analysis of INDITEX    64
Darba fragmentsAizvērt

INDITEX company had been chosen as a multinational, parent enterprise for this financial analysis. The main purpose of this financial analysis is to understand the effects of decisions made based on the financial ratios, inbound logistics, capital structure.
Combined ratio analysis was conducted, therefore, INDITEX was compared to its main competitors– GAP Inc., Fast Retailing Co., H&M, using the data from consolidated statements. Companies were compared in terms of debt, liquidity, activity, profitability, market ratios. Analyzing the results of calculations, INDITEX took leading positions almost in all ratios. However, the COVID – 19 noticeably affected the fashion retail industry. Therefore, the inventory turnover decreased from 5.50 to 3.88; ROA from 16% to 4% in 2020; ROE decreased by 20%.…

Autora komentārsAtvērt
Atlants