Financial Analysis Management & Enterprise

This report analyzes the financial performance of Daimler and Tesla using ratio analysis, horizontal and vertical analysis. It compares their liquidity, profitability, efficiency, and leverage ratios, highlighting key trends and insights into the financial health of both companies. The report also analyzes the cash position of both organizations, providing a deeper understanding of their financial strength and future prospects.

FINANCIAL ANALYSIS
MANAGEMENT &
ENTERPRISE - FAME

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
Ratio Analysis..............................................................................................................................1
Daimler's Horizontal analysis of statement of profit and loss.....................................................4
Daimler's Horizontal analysis of statement of financial position................................................5
Daimler's Vertical analysis of statement of profit and loss.........................................................7
Daimler's Vertical analysis of statement of financial position....................................................8
Tesla's horizontal analysis of statement of profit and loss.........................................................10
Tesla's horizontal analysis of statement of financial position....................................................11
Tesla's vertical analysis of statement of profit and loss.............................................................13
Tesla's vertical analysis of statement of financial position........................................................14
2. Analysing cash position of both organization........................................................................16
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18
APPENDIX....................................................................................................................................19

INTRODUCTION
Financial analysis is considered as process for business evaluation, budgets, projects
along with other entities on basis of finance. The present report will give brief discussion about
financial performance of Daimler and Tesla with context of ratio analysis, horizontal and vertical
analysis of their financial position. It will articulate about cash position of these specified
business entities.
Ratio Analysis
Liquidity
Ratio Formula 2014 2015 2016 2017
Daimler
Current
Ratio
Current
Asset/
Current
Liability 1.152 1.192 1.208 1.225
Tesla 1.518 0.991 1.074 0.856
Daimler Quick ratio
(Current
asset-
Inventory-
prepaid
expenses)/C
urrent
Liability 0.836 0.878 0.901 0.923
Tesla 1.020 0.493 0.686 0.526
Interpretation: The above table is reflecting comparison of Daimler and Tesla on basis of
liquidity of year 2014 to 2017 with context to current and quick ratio.
Current Ratio: The ideal ratio is of 2:1 which says organization has sufficient current
assets to repay its current liabilities. Daimler was not capable to reach idle ratio in duration of 4
years but it was constantly increasing from year to year. On the contrary, Tesla's liquidity
position was not good and it was decreasing in every year.
Quick Ratio: This ratio is all about quick assets as they must be sufficient of repaying
short term obligations in short duration. In year 2014, Tesla was having enough quick assets but
1

as time passed, it started decreasing. However, Daimler was not meet appropriate situation in any
year but it was improving from year to year.
Profitability
Ratio Formula
2014 2015 2016 2017
Daimler
Gross profit
ratio
(Gross
Profit/
Sales)*100 21.701 21.274 20.855 20.891
Tesla 27.580 22.837 22.843 18.896
Daimler
Return on
Asset (ROA)
Net profit/
Total Assets 0.037 0.039 0.035 0.041
Tesla -0.050 -0.110 -0.030 -0.068
Daimler
Return on
capital
employed
(ROCE)
Net
operating
profit/
Capital
employed) 0.077 0.090 0.076 0.077
Tesla -0.050 -0.136 -0.040 -0.078
Daimler
Return on
Equity
(ROE)
Profit after
tax/ Net
worth 0.159 0.157 0.147 0.164
Tesla -0.322 -0.816 -0.142 -0.463
Interpretation: The above table is representing profitability position of both organization
with reference to gross profit, return on asset, return on capital employed along with return on
equity. With reference to gross profit, in year 2014 Tesla had huge margin but it decreased in
huge proportion to year 2017. Consequently, Daimler had gained less margin and reduced also
but not with high proportion as it was approximate stable till year 2017. It is clearly viewed that
Daimler is performing in efficient aspect on basis of ROE, ROCE and ROA because Tesla is
giving negative outcome. Further, it could be evaluated that Daimler's profitability is higher in
year 2014 to 2017.
2

Efficiency
Ratio Formula 2014 2015 2016 2017
Daimler
Asset
Turnover
Ratio
Net sales/
Average
total asset 0.725 0.735 0.666 0.659
Tesla 0.774 0.580 0.455 0.458
Daimler
Inventory
turnover
ratio
Cost of
goods sold/
Average
inventory 5.322 5.274 4.936 5.091
Tesla 3.58 2.80 3.23 4.40
Daimler
Days' Sales
in inventory
(Closing
stock/ Cost
of goods
sold)*365 74.889 73.701 76.383 72.119
Tesla 150.285 149.366 139.688 86.657
Interpretation: The above table is showing efficiency of both organization by
considering asset turnover, inventory turnover and days' sales in inventory. Daimler and Tesla
both are giving turnover on its asset but it is reducing from year to year. In year 2014, Tesla was
giving huge turnover and in 2015 they had raised sales as well but average total assets were also
increased in huge proportion which given decreasing impact on its asset turnover. Hence, in year
2017 Daimler has given 75% turnover on asset and Tesla as 45%.
On basis of inventory turnover, Daimler is maintaining constant time from year 2014 to
2016 such as approx 5 times. It is decreasing from year 2014 to 2016 but with context to Tesla its
is performing in good aspect. The turnover on inventory has raised but not with huge proportion
as it is improving but could not match Daimler.
In the similar aspect, Days sales in inventory shows days about writing off its stock
where minimum days are better. The inventory of Daimler could be written of in approx 75 days
and Tesla's stock in 150 days in year 2014. This position was stable in Daimler but Tesla had
tried for reducing it and in year 2017 it is 86 days.
3

Leverage
Ratio Formula 2014 2015 2016 2017
Daimler Debt ratio
total
liabilities/
Total asset 0.770 0.753 0.762 0.750
Tesla 0.844 0.866 0.790 0.852
Daimler Equity ratio
Total Equity/
Total Assets 0.230 0.247 0.238 0.250
Tesla 0.156 0.135 0.210 0.148
Daimler
Debt equity
ratio
Total
Liabilities/
Total Equity 3.344 3.055 3.193 2.992
Tesla 5.414 6.432 3.768 5.763
Interpretation: The above table is signifying leverage ratio of Daimler and Tesla with
reference to debt and equity ratio along with capital structure as well. Tesla is highly operating
with debt which is high risk as it is increasing from year. However, Daimler is not having huge
debt but its capital structure needs to be balanced then it will help for attaining success (Annual
report of Daimler, 2017).
Common size analysis
Daimler's Horizontal analysis of statement of profit and loss
2014
Percenta
ge
Change
2015
Percenta
ge
Change
2016
Percent
age
Change
2017
Total Revenue 129,872
.0 15.09%
149,467.
0 2.54% 153261 7.22%
164,33
0
Cost of Sales (101,68
8.0) 15.72%
(117,670
.0) 3.08% -121298 7.17% -129999
Gross Profit 28,184. 12.82% 31,797.0 31963 7.41% 34331
4

0
Operating Expenses
General and
administrative expense
(18,705
.0) 2.94%
(19,254.
0) 3.30% -19889 7.33% -21347
Other Operating Expenses
Operating income 9,479.0 32.32% 12,543.0 -3.74% 12074 7.54% 12,984
Finance Income 1,409.0 -43.01% 803.0 30.26% 1046 81.55% 1899
Earnings Before Interest
And Taxes
10,888.
0 22.58% 13,346.0 -1.69% 13120 13.44% 14883
Finance Cost (715.0) -15.80% (602.0) -9.30% -546 91.58% -1046
Profit Before Tax 10,173.
0 25.27% 12,744.0 -1.33% 12574 10.04% 13837
Income Tax Expenses 2,883.0 39.89% 4,033.0 -6.03% 3790 -9.31% 3437
Other expenses 13,056.
0 28.50% 16,777.0 -2.46% 16364 5.56% 17274
(6,094) 37.07% (8,353) -6.17% -7838 -13.89% -6749
Net Profit 6,962.0 21.00% 8,424.0 1.21% 8526 23.45% 10525
Daimler's Horizontal analysis of statement of financial position
2014
Percenta
ge
Change
2015
Percenta
ge
Change
2016
Percent
age
Change
2017
Assets
Current Assets
Receivables 30727 25.49% 38559 8.20% 41719 4.97% 43792
Inventories 20,864. 13.88% 23760 6.84% 25384 1.19% 25,686.
5

00 0
Prepaid expense 294 50.34% 442 28.05% 566 11.66% 632
Other current asset 8,554 15.45% 9,876 17.15% 11,570 13.53% 13,135
- -
Cash 16,706 14.99% 19,210 18.76% 22,813 2.97% 23,490
Total current asset 77,145.
0 19.06% 91,847.0 11.11%
102,052
.0 4.59%
106,73
5.0
Non-Current Assets
Gross Property Plant and
Equipment 104810 10.15% 115451 12.21% 129547 3.70% 134338
Accumulated Depreciation (48,578
) 7.43% (52,187) 7.74% (56,224) 4.30%
(58,643
)
Goodwill 740 -1.76% 727 63.41% 1,188 -6.14% 1,115
Intangible assets 8627 8.29% 9342 16.78% 10910 15.67% 12620
Deferred tax income 4,124 -20.37% 3,284 17.84% 3,870 -26.28% 2,853
Long term asset (other) 42,767 13.88% 48,702 6.04% 51,645 9.57% 56,587
Total non-current asset 112,490
.0 11.40%
125,319.
0 12.46%
140,936
.0 5.63%
148,87
0.0
TOTAL ASSETS 189,635
.0 14.52%
217,166.
0 11.89%
242,988
.0 5.19%
255,60
5.0
Liabilities
Current Liabilities
Short term debt 12685 10.68% 14040 14.18% 16031 -3.49% 15472
6

Capital leases 40.00 7.50% 43 -30.23% 30 -10.00% 27.0
Accounts payable 10178 3.64% 10548 9.66%
11,567.
00 7.84%
12,474.
00
Deferred income tax 757.00 2.64% 777.00 -3.35% 751.00 -25.43% 560.00
Payable tax 1,703.0
0 17.56% 2,002.00 4.70%
2,096.0
0 8.97%
2,284.0
0
Other current liability 41611 19.37% 49671 8.68% 53982 4.27%
56,288.
0
Total current liability 66,974.
0 15.09% 77,081.0 9.57%
84,457.
0 3.14%
87,105.
0
Non-Current Liabilities
Long term debt 35859 25.51%
45,006.0
0 20.61%
54,283.
00 8.82%
59,071.
00
Capital leases 245 -10.20% 220 -7.73% 203.0 60.10% 325
Deferred Tax Liabilities 1921.0 60.85% 3090.0 43.46% 4433 -22.22% 3448
Accrued liabilities 27.0 3.70% 28.0 71.43% 48 -47.92% 25
Deferred revenues 3581 35.46% 4851 14.59% 5559 4.37% 5802
Pension 12806 -32.35% 8663 4.28% 9034 -36.16% 5767
Minority interest 919 15.67% 1063 11.29% 1183 9.13% 1291
other long term liabilities 23638 -0.15% 23603 9.47% 25838 11.26% 28748
Total non-current liability 78,996.
0 9.53% 86,524.0 16.25%
100,581
.0 3.87%
104,47
7.0
Total Liability 145,970
.0 12.08%
163,605.
0 13.10%
185,038
.0 3.54%
191,58
2.0
Equity
Paid up capital 3070 0.00% 3070 0.00% 3070 0.00% 3070
7

Retained earnings 28487 29.85% 36991 10.28% 40794 16.88% 47682
Accumulated other
comprehensive income 12108 11.50% 13500 4.34% 14086 -5.79% 13271
Total Equity 43,665.
00 22.66%
53,561.0
0 8.19%
57,950.
00 10.48%
64,023.
00
TOTAL LIABILITIES
& EQUITY 189635 14.52% 217166 11.89% 242988 5.19% 255605
Daimler's Vertical analysis of statement of profit and loss
2014
Percentage
Change 2015
Percentage
Change 2016 Percentag
e Change 2017
Total
Revenue 129,872.0 100.00% 149,467.0 100.00% 153261 100.00%
164,3
30
Cost of
Sales (101,688.0) -78.30% (117,670.0) -78.73%
-121298
-79.14%
-
12999
9
Gross
Profit 28,184.0 21.70% 31,797.0 21.27% 31963 20.86% 34331
Operating
Expenses
General
and
administrat
ive expense
(18,705.0)
-14.40%
(19,254.0)
-12.88%
-19889
-12.98%
-
21347
Other
Operating
Expenses
Operating
Income or
9,479.0 7.30% 12,543.0 8.39% 12074 7.88% 12,98
4
8

Loss
Finance
Income 1,409.0 1.08% 803.0 0.54% 1046 0.68% 1899
Earnings
Before
Interest
And Taxes
10,888.0
8.38%
13,346.0
8.93%
13120
8.56%
14883
Finance
Cost (715.0) -0.55% (602.0) -0.40% -546 -0.36% -1046
Profit
Before
Tax
10,173.0
7.83%
12,744.0
8.53%
12574
8.20%
13837
Income
Tax
Expenses
2,883.0
2.22%
4,033.0
2.70%
3790
2.47%
3437
Other
expenses 13,056.0 10.05% 16,777.0 11.22% 16364 10.68% 17274
(6,094) -4.69% (8,353) -5.59% -7838 -5.11% -6749
Net Profit 6,962.0 5.36% 8,424.0 5.64% 8526 5.56% 10525
Daimler's Vertical analysis of statement of financial position
2014
Percenta
ge
Change
2015
Percenta
ge
Change
2016
Percent
age
Change
2017
Assets
Current Assets
Receivables 30727 16.20% 38559 17.76% 41719 17.17% 43792
9

Inventories 20,864.
00 11.00% 23760 10.94% 25384 10.45%
25,686.
0
Prepaid expense 294 0.16% 442 0.20% 566 0.23% 632
Other current asset 8,554 4.51% 9,876 4.55% 11,570 4.76% 13,135
- 0.00% 0.00% 0.00% -
Cash 16,706 8.81% 19,210 8.85% 22,813 9.39% 23,490
0.00% 0.00%
Total current asset 77,145.
0 40.68% 91,847.0 42.29%
102,052
.0 42.00%
106,73
5.0
0.00% 0.00%
Non-Current Assets 0.00% 0.00%
Gross Property Plant and
Equipment 104810 55.27% 115451 53.16% 129547 53.31% 134338
Accumulated Depreciation (48,578
) -25.62% (52,187) -24.03% (56,224) -23.14%
(58,643
)
Goodwill 740 0.39% 727 0.33% 1,188 0.49% 1,115
Intangible assets 8627 4.55% 9342 4.30% 10910 4.49% 12620
Deferred tax income 4,124 2.17% 3,284 1.51% 3,870 1.59% 2,853
Long term asset (other) 42,767 22.55% 48,702 22.43% 51,645 21.25% 56,587
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
Total non-current asset 112,490
.0 59.32%
125,319.
0 57.71%
140,936
.0 58.00%
148,87
0.0
TOTAL ASSETS 189,635
.0 100.00%
217,166.
0 100.00%
242,988
.0 100.00%
255,60
5.0
Liabilities
Current Liabilities
10

Short term debt 12685 6.69% 14040 6.47% 16031 6.60% 15472
Capital leases 40.00 0.02% 43 0.02% 30 0.01% 27.0
Accounts payable 10178 5.37% 10548 4.86%
11,567.
00 4.76%
12,474.
00
Deferred income tax 757.00 0.40% 777.00 0.36% 751.00 0.31% 560.00
Payable tax 1,703.0
0 0.90% 2,002.00 0.92%
2,096.0
0 0.86%
2,284.0
0
Other current liability 41611 21.94% 49671 22.87% 53982 22.22%
56,288.
0
Total current liability 66,974.
0 35.32% 77,081.0 35.49%
84,457.
0 34.76%
87,105.
0
Non-Current Liabilities
Long term debt 35859 18.91%
45,006.0
0 20.72%
54,283.
00 22.34%
59,071.
00
Capital leases 245 0.13% 220 0.10% 203.0 0.08% 325
Deferred Tax Liabilities 1921.0 1.01% 3090.0 1.42% 4433 1.82% 3448
Accrued liabilities 27.0 0.01% 28.0 0.01% 48 0.02% 25
Deferred revenues 3581 1.89% 4851 2.23% 5559 2.29% 5802
Pension 12806 6.75% 8663 3.99% 9034 3.72% 5767
Minority interest 919 0.48% 1063 0.49% 1183 0.49% 1291
other long term liabilities 23638 12.46% 23603 10.87% 25838 10.63% 28748
Total non-current liability 78,996.
0 41.66% 86,524.0 39.84%
100,581
.0 41.39%
104,47
7.0
0.00% 0.00% 0.00%
Total Liability 145,970
.0 76.97%
163,605.
0 75.34%
185,038
.0 76.15%
191,58
2.0
Equity
11

Paid up capital 3070 1.62% 3070 1.41% 3070 1.26% 3070
Retained earnings 28487 15.02% 36991 17.03% 40794 16.79% 47682
Accumulated other
comprehensive income 12108 6.38% 13500 6.22% 14086 5.80% 13271
Total Equity 43,665.
00 23.03%
53,561.0
0 24.66%
57,950.
00 23.85%
64,023.
00
TOTAL LIABILITIES
& EQUITY 189635 100.00% 217166 100.00% 242988 100.00% 255605
Tesla's horizontal analysis of statement of profit and loss
2014
Percentag
e Change 2015
Percentag
e Change 2016
Percentag
e Change 2017
Revenue 3198 26.5% 4046 73.0% 7000 65.4% 11579
Cost of
sales 2317 34.8% 3123 72.9% 5401 76.6% 9536
Gross
profit 881 4.8% 923 73.2% 1599 27.8% 2043
Operating
expense
Research
and
developme
nt 465 54.4% 718 16.2% 834 65.2% 1378
Sales,
general and
administrat
ive 604 52.6% 922 55.3% 1432 73.0% 2477
Total
operating
1069 53.4% 1640 38.2% 2266 70.1% 3855
12

expense
Operating
income -188 281.4% -717 -7.0% -667 171.7% -1812
Interest
cost 101 17.8% 119 67.2% 199 136.7% 471
Other
income or
expense 3 -1433.3% -40 -400.0% 120 -188.3% -106
Earning
before tax -285 207.4% -876 -14.8% -746 196.1% -2209
Provision
for income
tax 9 44.4% 13 107.7% 27 18.5% 32
Net
income
from
continued
work -294 202.4% -889 -13.0% -773 189.9% -2241
Other 0 0 98 184.7% 279
Net profit -294 202.4% -889 -24.1% -675 190.7% -1962
Tesla's horizontal analysis of statement of financial position
2014
Percenta
ge
Change 2015
Percenta
ge
Change 2016
Percenta
ge
Change 2017
Assets
Current Assets
Receivables 227 -25.55% 169 195.27% 499 3.21% 515
Inventories 954 33.96% 1278 61.74% 2067 9.53% 2264
13

Prepaid expense 95 31.58% 125 55.20% 194 38.14% 268
Other current asset 18 27.78% 23 360.87% 106 46.23% 155
Cash and cash
equivalents 1906 -37.20% 1197 183.46% 3393 -0.74% 3368
Total current
asset 3200 -12.75% 2792 124.18% 6259 4.97% 6570
Non-Current
Assets
Gross Property
Plant and
Equipment 2889 99.58% 5766 178.44% 16055 39.74% 22436
Accumulated
Depreciation -293 94.88% -571 78.28% -1018 90.96% -1944
Goodwill 0 0 0 60
Intangible assets 0 0 376 -3.72% 362
Long term asset
(other) 55 92.73% 106 834.91% 991 18.16% 1171
Total non-current
asset 2651 99.96% 5301 209.45% 16404 34.63% 22085
TOTAL ASSETS 5851 38.32% 8093 180.03% 22663 26.44% 28655
Liabilities
Current
Liabilities
Short term debt 602 5.15% 633 81.67% 1150 -22.00% 897
Capital leases 10 -100.00% 0 0 0
Accounts payable 778 17.74% 916 103.06% 1860 28.49% 2390
Payable tax 71 42.25% 101 51.49% 153 21.57% 186
14

Accrued liabilities 173 86.13% 322 212.11% 1005 25.07% 1257
Deferred revenues 449 57.46% 707 101.84% 1427 30.97% 1869
Other current
liabilities 25 448.00% 137 69.34% 232 363.79% 1076
Total current
liability 2107 33.65% 2816 106.89% 5826 31.74% 7675
Non-Current
Liabilities
Long term debt 1865 11.64% 2082 187.13% 5978 57.54% 9418
Capital leases 12 -100.00% 0 0 0
Deferred revenues 292 52.74% 446 91.03% 852 38.26% 1178
Minority interest 0 0 785 27.01% 997
other long term
liabilities 661 150.98% 1659 169.38% 4469 15.24% 5150
Total non-current
liability 2830 47.95% 4187 188.61% 12084 38.56% 16743
Total Liability 4938 41.82% 7003 155.75% 17910 36.34% 24418
Equity
Paid up capital 2345 45.63% 3415 127.64% 7774 18.06% 9178
Retained earnings -1434 61.92% -2322 29.07% -2997 65.97% -4974
Accumulated other
comprehensive
income 0 -4 500.00% -24 -237.50% 33
Total Equity 912 19.41% 1089 336.46% 4753 -10.86% 4237
TOTAL
LIABILITIES &
EQUITY 5849 38.35% 8092 180.07% 22663 26.44% 28655
15

Tesla's vertical analysis of statement of profit and loss
2014
Percentag
e Change 2015
Percentag
e Change 2016
Percentag
e Change 2017
Revenue 3198 100.0% 4046 100.0% 7000 100.0% 11579
Cost of
sales 2317 72.5% 3123 77.2% 5401 77.2% 9536
Gross
profit 881 27.5% 923 22.8% 1599 22.8% 2043
Operating
expense 0.0%
Research
and
developme
nt 465 14.5% 718 17.7% 834 11.9% 1378
Sales,
general and
administrat
ive 604 18.9% 922 22.8% 1432 20.5% 2477
Total
operating
expense 1069 33.4% 1640 40.5% 2266 32.4% 3855
Operating
income -188 -5.9% -717 -17.7% -667 -9.5% -1812
Interest
cost 101 3.2% 119 2.9% 199 2.8% 471
Other
income or
expense 3 0.1% -40 -1.0% 120 1.7% -106
Earning -285 -8.9% -876 -21.7% -746 -10.7% -2209
16

before tax
Provision
for income
tax 9 0.3% 13 0.3% 27 0.4% 32
Net
income
from
continued
work -294 -9.2% -889 -22.0% -773 -11.0% -2241
Other 0 0.0% 0 0.0% 98 1.4% 279
Net profit -294 -9.2% -889 -22.0% -675 -9.6% -1962
Tesla's vertical analysis of statement of financial position
2014
Percenta
ge
Change 2015
Percenta
ge
Change 2016
Percenta
ge
Change 2017
Assets
Current Assets
Receivables 227 3.88% 169
0.020882
2439 499 2.20% 515
Inventories 954 16.30% 1278
0.157914
2469 2067 9.12% 2264
Prepaid expense 95 1.62% 125
0.015445
4467 194 0.86% 268
Other current asset 18 0.31% 23
0.002841
9622 106 0.47% 155
Cash and cash
equivalents 1906 32.58% 1197
0.147905
5974 3393 14.97% 3368
Total current 3200 54.69% 2792 0.344989 6259 27.62% 6570
17

asset 4971
Non-Current
Assets
Gross Property
Plant and
Equipment 2889 49.38% 5766
0.712467
5646 16055 70.84% 22436
Accumulated
Depreciation -293 -5.01% -571
-
0.070554
8004 -1018 -4.49% -1944
Goodwill 0 0.00% 0 0 0 0.00% 60
Intangible assets 0 0.00% 0 0 376 1.66% 362
Long term asset
(other) 55 0.94% 106
0.013097
7388 991 4.37% 1171
Total non-current
asset 2651 45.31% 5301
0.655010
5029 16404 72.38% 22085
0.00%
TOTAL ASSETS 5851 100.00% 8093 100.00% 22663 100.00% 28655
Liabilities
Current
Liabilities
Short term debt 602 10.29% 633
0.078225
4078 1150 5.07% 897
Capital leases 10 0.17% 0 0 0 0.00% 0
Accounts payable 778 13.30% 916
0.113198
2205 1860 8.21% 2390
Payable tax 71 1.21% 101
0.012481
4632 153 0.68% 186
Accrued liabilities 173 2.96% 322
0.039792
3875 1005 4.43% 1257
18

Deferred revenues 449 7.68% 707
0.087370
2422 1427 6.30% 1869
Other current
liabilities 25 0.43% 137
0.016930
3015 232 1.02% 1076
Total current
liability 2107 36.02% 2816
0.347998
0227 5826 25.71% 7675
Non-Current
Liabilities
Long term debt 1865 31.89% 2082
0.257291
1518 5978 26.38% 9418
Capital leases 12 0.21% 0 0 0 0.00% 0
Deferred revenues 292 4.99% 446
0.055116
1641 852 3.76% 1178
Minority interest 0 0.00% 0 0 785 3.46% 997
other long term
liabilities 661 11.30% 1659
0.205017
301 4469 19.72% 5150
Total non-current
liability 2830 48.38% 4187
0.517424
6169 12084 53.32% 16743
Total Liability 4938 84.42% 7003
0.865422
6396 17910 79.03% 24418
Equity
Paid up capital 2345 40.09% 3415
0.422021
7499 7774 34.30% 9178
Retained earnings -1434 -24.52% -2322
-
0.286950
0741 -2997 -13.22% -4974
Accumulated other
comprehensive
0 0.00% -4 -
0.000494
-24 -0.11% 33
19

income 3154
Total Equity 912 15.59% 1089
0.134577
3604 4753 20.97% 4237
TOTAL
LIABILITIES &
EQUITY 5849 100.00% 8092 100.00% 22663 100.00% 28655
2. Analysing cash position of both organization
Company 2014 2015 2016 2017
Daimler
Cash (in
million) 16706 19210 22813 23490
Tesla
Cash (in
million) 1906 1197 3393 3368
Interpretation: The above table is signifying cash position of both organization for year
2014 to 2017. It could be easily viewed that Daimler is having good position in this specified
duration (Annual report of Tesla, 2017).
CONCLUSION
From the above report it could be concluded that, in year 2014 Tesla was performing in
efficient aspect but it remained complacent so it leads to decrement in their financial
performance. With reference to ratio analysis, it had been shown that Daimler is performing in
the best aspect as its profitability is higher in this duration.
20

REFERENCES
ONLINE
Annual report of Daimler. 2017. [Online]. Available through
<https://www.daimler.com/downloads/en/>.
Annual report of Tesla. 2017. [Online]. Available through <http://ir.tesla.com/financial-
information/quarterly-results>.
21

APPENDIX
Liquidity Ratio
Daimler
Formula 2014 2015 2016 2017
Current Asset 77145 91847 102052 106735
Current
Liability 66974 77081 84457 87105
Current Ratio
Current
Asset/
Current
Liability 1.15 1.19 1.21 1.23
2014 2015 2016 2017
Inventory 20864 23760 25384 25686
Prepaid
expenses 294 442 566 632
Quick asset
Current –
(Inventories+
prepaid
expenses) 55987 67645 76102 80417
Quick ratio
(Current
asset-
Inventory)/Cu
rrent Liability 0.84 0.88 0.90 0.92
Tesla
Formula 2014 2015 2016 2017
Current Asset 3199 2792 6260 6571
Current
Liability 2107 2816 5827 7675
22

Current Ratio
Current
Asset/
Current
Liability 1.52 0.99 1.07 0.86
2014 2015 2016 2017
Inventory 954 1278 2067 2264
Prepaid
expenses 95 125 194 268
Quick asset
Current –
(Inventories+
prepaid
expenses) 2150 1389 3999 4039
Quick ratio
(Current
asset-
Inventory)/Cu
rrent Liability 1.02 0.49 0.69 0.53
Profitability Ratio
Daimler
Formula 2014 2015 2016 2017
Gross Profit 28184 31797 31963 34331
Sales revenue 129872 149467 153261 164330
Gross profit
ratio
(Gross Profit/
Sales)*100 21.70 21.27 20.86 20.89
2014 2015 2016 2017
Net Profit 6962 8424 8526 10525
23

Total Assets 189635 217166 242988 255605
Return on
Asset
Net profit/
Total Assets 0.04 0.04 0.04 0.04
2014 2015 2016 2017
Net Operating
profit 9479 12543 12074 12984
Total Assets 189635 217166 242988 255605
Current
Liability 66974 77081 84457 87105
Capital
employed
Total Assets –
Current
Liability 122661 140085 158531 168500
Return on
capital
employed
Net operating
profit/ Capital
employed) 0.08 0.09 0.08 0.08
2014 2015 2016 2017
Profit after tax 6962 8424 8526 10525
Equity share
capital 43655 53561 57950 64023
Reserves and
surplus
Net worth
equity share
capital +
Reserves and
surplus 43655 53561 57950 64023
Return on
Equity
Profit after
tax/ Net worth 0.16 0.16 0.15 0.16
Tesla
24

Formula 2014 2015 2016 2017
Gross Profit 882 924 1599 2222
Sales revenue 3198 4046 7000 11759
Gross profit
ratio
(Gross Profit/
Sales)*100 27.58 22.84 22.84 18.90
2014 2015 2016 2017
Net Profit -294 -889 -675 -1961
Total Assets 5849 8092 22664 28655
Return on
Asset
Net profit/
Total Assets -0.05 -0.11 -0.03 -0.07
2014 2015 2016 2017
Net Operating
profit -187 -717 -667 -1632
Total Assets 5849 8092 22664 28655
Current
Liability 2107 2816 5827 7675
Capital
employed
Total Assets –
Current
Liability 3742 5276 16837 20980
Return on
capital
employed
Net operating
profit/ Capital
employed) -0.05 -0.14 -0.04 -0.08
2014 2015 2016 2017
Profit after tax -294 -889 -675 -1961
Equity share
capital 912 1089 4753 4237
Reserves and
25