Financial Management - Assignment Sample
Added on 2021-06-15
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Finance
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Running Head: Financial Management 1Project Report: Financial Management
Financial Management 2ContentsIntroduction.......................................................................................................................3Case study.........................................................................................................................3Company overview...........................................................................................................3Financial analysis..............................................................................................................4Ratio analysis....................................................................................................................4Profitability ratios.........................................................................................................4Asset efficiency position...............................................................................................6Liquidity ratios..............................................................................................................8Capital structure ratios................................................................................................10Investor’s ratios..........................................................................................................11Recommendation and Conclusion..................................................................................13References.......................................................................................................................14Appendix.........................................................................................................................15
Financial Management 3Introduction:In this report, a case study of “Myer” has been studied and the financial analysis studyhas been conducted on the company. The report explains about the changes into structure of the company and the current performance of the company on the basis of the competitors of the company. The main competitor of the company is David Jones limited, subsidiary company of Woolworths limited. In the report, financial statement of the company of last 5 years has been evaluated and on the basis of that financial statement, ratio analysis study has been conducted to measure the financial performance of the comapny. The financial statement of the company has been compared with the financial statement of David Jones limited to make better decision about the position of the company. Case study:The report has been prepared on the basis of Myer case study. This case study explains that the Myer is one of the largest full line department stores in Australia. The company has more than 60 stores in the Australia. The company has faced various mergers and acquisitions from 1900. Currently, the company is listed in Australian stock exchange. The case study explains about the several changes into the ownership of the company from 19901. And in this report, the financial statement of the company of last 5 years has been valuated to identify about the current performance of the company. Company overview:Myer is an upmarket departmental chain which is operating its business in Australian market. It is also operating its business in Australian territories. The main products of the comapny are women swear. Menswear, miss shop, baby products, children wear, beauty, cosmetics, furniture flooring, footwear, handbag, accessories, fragrance and cosmetics etc. currently, there are 64 stores of the company through which comapny is selling numerous range of products to the customers. The company has an interesting story of its ownership which has been stated in the case study as well. Current financial performance of the company has been lower 1Reuters. (2018). “Myer Limited” [Online]. Available: https://www.reuters.com/finance/stocks/company-profile/MYR.AX [2018, May].
Financial Management 4Financial analysis:Financial analysis is a process to evaluate and analyze the financial statement of an organization. This process evaluates the entire financial figures and the transaction of the company to identify the changes into the organizational performance the position and the performance of the organization. Financial statement of an organization could be analyzed onthe basis of various techniques such as ratio analysis, vertical analysis, trend analysis etc. the financial statement analysis process make it easy for the related parties to make decision about the position and the performance of the company2. Financial statement analysis process takes the concern of income statement, balance sheet and cash flow statement of the company and generates the idea about the performance of the company. In the report, ratio analysis, a tool of financial analysis, has been conducted to recognize the financial performance of Myer limited. Ratio analysis:Ratio analysis is quantitative analysis over the financial statements of an organization which contains the information about the financial statement of an organization. Ratio analysis study is based on the various items of financial statement which are cash flow statement, income statement and balance sheet. Ratio analysis study is conducted by the companies to recognize the performance of the company and the investment position of the company, the study is mainly conducted by the analysts and the investors to recognize the investment position in the company3. In the report, ratio analysis study has been conducted on Myer limited and the competitor David Jones, subsidiary company of Woolworths limited (the financial data of David Jones in not available so the financial data of Woolworths has been taken.). The ratio analysis study evaluates about the liquidity, profitability, efficiency, investment and capital structure position of the company. Following is the ratio analysis calculations and the analysis:2Thomas R. Robinson,, Henry Elaine, Pirie Wendy L., and Broihahn Michael A..International financial statement analysis. John Wiley & Sons, 2015.3Baruch Lev.Financial statement analysis: A new approach. Prentice hall, 2014.
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