Financial Analysis management (pdf)
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Added on 2019-12-03
Financial Analysis management (pdf)
Added on 2019-12-03
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Financial Analysismanagement1 | P a g e
Table of ContentsIntroduction................................................................................................................................1Rationale.....................................................................................................................................1Thomas Cook Group plc...................................................................................................1TUI Travel Plc..................................................................................................................1Performance analysis..................................................................................................................2Limitation of ratio analysis.........................................................................................................9Conclusion and recommendations............................................................................................10References................................................................................................................................122 | P a g e
INTRODUCTIONFinancial statements are the source of company's financial information. Every form oforganization prepares financial statements in order to assess their financial as well asoperational results. Moreover, it helps to compare the financial performance between two ormore companies that operate in the same line of industry. This report will discuss the mainfinancial statements that are prepared by the organization. Travel and tourism industry has agreat chance of success in United Kingdom. In this report, two UK travel companies havebeen chosen that are Thomas Cook and TUI Travel plc. Further, ratio analysis method isimplemented to compare their operational results and financial performance. According tothis method, a number of ratios are computed to analyse the financial position of both thecompanies. Further, the report also identifies the weaknesses of calculated ratios. RATIONALEThomas Cook Group plcThomas Cook Group plc is a British Global travel company that is headquartered inPeterborough, Cambridgeshire, UK. Company was established in the year 2007 and listed onLondon stock exchange. It was established through the merger of Thomas Cook AG, ThomasCook & Son and MyTravel Group plc. However, Thomas Cook Retail, Thomas CookAirline, Condor and Hotels4u are its subsidiaries. The operations of firm prevail in tourismindustry. It operates at a global market as it is running its operations in distinct parts of theworld. It mainly functions in five divisions that are UK, Central Europe, German Airlines,West Europe and Northern Europe. The charter and scheduled passenger airlines, packageholidays, cruise lines and hotels and resort services are provided by the company. The reasonfor selecting this firm is that it operates at a large market place. It has worldwide presencedue to expanded operations. Further, company provides qualified travel and tourism servicesto a large number of customers. TUI Travel PlcTUI Travel PLC is a public British travel group which is headquartered in Crawley,West Sussex in United Kingdom. It was established in the year 2007 through the merger ofFirst Choice holidays PLC and the Tourism Division of TUI AG. However, ThomsonAirways and Thomson Holidays are its subsidiary company. It operates in 180 countries overthe world through serving more than 30 million customers. However, company mainlyoperates at central Europe, Northern Europe and Western Europe. It provides travel andtransport services to consumers. Company’s operations are divided into three categories that1 | P a g e
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