The Warwick MBA
Assignment Cover Sheet
Submitted by: 1168212
Date Sent: 6th December, 2012
Module Title: Accounting and Financial Management
Module Code: IB8010
Date/Year of Module: July 2012
Submission Deadline: 11:00 AM 6th December, 2012.
Word Count:1688
Number of Pages:13
Question: [Question Number and Title, or Description of Project]
“This is to certify that the work I am submitting is my own. All external references and sources are clearly acknowledged and identified within the contents. I am aware of the University of Warwick regulation concerning plagiarism and collusion.
No substantial part(s) of the work submitted here has also been submitted by me in other assessments for accredited courses
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Kesko performance overview
The table above shows that despite the increase in sales and number of employees, cash flow has fallen by more than half, profit from operations is down and profit for the year is even lower. There is no significant change in debt. The only bright figure is the capital expenditure which according to their strategy is as a result of expansion in other regions. (Annual reports, 2011 pg 2). The CEO’s statement that “The growth of Kesko's business operations strengthened in 2011 …Profitability improved” (annual reports, 2011 pp 6) suggest that there has been worse performance in previous years. A look at previous years’ annual reports will confirm that.
Performance Ratios
Performance Kesko 2011 2010 Change €million €million 281.00 10.96% 307.00 12.04% -9.0% 2,565.00 2,550.00 1,297.00 13.71% 1,230.00 14.02% -2.2% 9,460.00 8,776.00 281.00 2.97% 9,460.00 9,460.00 3.69 2,565.00 9,460.00 4.66 2,029.00 1,721.00 18.19% 9,460.00 9,460.00 2.35 4,032.00 307.00 3.50% 8,776.00 8,776.00 3.44 2,550.00 8,776.00 4.99 1,759.00 1,622.00 18.48% 8,776.00 8,776.00 2.25 3,908.00 -15.1% 7.2% -6.6% -1.6% 4.5% Ahold 2011 2010 12.99% 12.56% 26.17% 26.82%
PBIT/TA-CL GP/Sales
RoCE Gross Margin
Operating Profit Sales Sales/TA-CL
I certify that the writing in this assignment is my individual work and is my sole intellectual property. It does not contain the ideas, or writing of other individuals/authors.
I declare that all material in this assignment is my own work except where there is clear acknowledgement or reference to the work of others. I am aware that my assignment may be submitted to plagiarism detection software, and might be retained on its database. I have read the University statement on Academic Misconduct (Plagiarism) on the University website at www.utas.edu.au/plagiarism or in the Student Information Handbook.
I declare that all material in this assessment is my own work except where there is clear acknowledgement or reference to the work of others and I have complied and agreed to the University statement on Plagiarism and Academic Integrity on the University website at www.utas.edu.au/plagiarism *
‘I Martin Scott fully understand and abide by the Sunderland College guidelines on plagiarism. This work is my own and references to other work have been cited correctly.’
Plagiarism declaration: I have consulted the department policy on plagiarism and attach a signed plagiarism form. This work is my own.
“I hereby certify that this work is my own, except where otherwise acknowledged, and that it has not been submitted previously for a degree at this, or any other university”.
This is to certify that the following essay is my own work and that I have not
By my signature below, I confirm that the work contained here is my own, I have received no outside assistance and have properly cited and referenced any external research that has been incorporated in my answers. I have fully complied with UMUC's Policy on Academic Dishonesty and Plagiarism (Policy 150.25). Failure to properly credit your research sources is a violation of this policy.
I have always enjoyed STEM, and it has always been fun, interesting, and exciting to me. I have done many things that relate to STEM, and enjoyed all of them. I have done many projects that have to do with science, technology, engineering, and math in Ms. Moore’s class and at home. STEM has influenced my imagination and thoughts, I really enjoy working in groups, and STEM and arts and crafts makes me want to do something, and gets me very excited.
No substantial part(s) of the work submitted here has also been submitted by me in other assessments for accredited courses of study, and I acknowledge that if this has been done an appropriate reduction in the mark I might otherwise have received will be made.”
The company’s Return on capital employed increased by 38% from 2014 to 2015, showing that considerably more net profit is generated in 2015 per dollar capital employed compared to 2014. This suggests that the company is more efficient in investing its capital in 2015 than 2014. Delicieux can try and improve this figure even more by looking at individual expense and seeing how they can improve each one.
In submitting this assignment I confirm that this is the product of my own work and I am aware of and agree to abide by the University 's regulations concerning plagiarism. Haydn Roberts
The company has projected gross sales to reach 90.9 million rupees in 2001, an forecasted growth of approximately 15 million rupees over the previous year. In spite of the large increase, there are several additional financial factors which need to be taken into account in evaluating the forecast. For instance, Total asset turnover gives an understanding of the efficiency with which the firm uses its assets to generate sales. Total Asset Turnover in this particular case is suboptimal at best. In 2000, Kota had a total asset turnover ratio of .18, with a ratio value of .17 in projected for 2001. This shows major inefficiencies in the management of assets by the
While ratios are certainly important in evaluating the profitability of a company, it is also important to consider overall trends. An analysis of revenue and net income trends, which can be found in Appendix VII, appears to reveal that 2014 was a standout year for Martinrea. During fiscal years 2012 and 2013, revenue increased by 32.3% and 11.1% respectively over the previous year. However, despite these increases in revenue, net income decreased by 28.9% and 56.3% respectively. In 2014, revenue increased by just 11.7% from the previous year, but net income increased by 320.7%. On the surface, these trends indicate that Martinrea had an amazing turnaround this year, but the notes reveal that this turnaround is not as
‘I confirm that this piece of work which I have submitted is all my own work and that all references and quotations from both primary and secondary sources have been fully identified and properly acknowledged in footnotes and bibliography.’