A Comparative Analysis of KGN and EVT Performance During the Pandemic

This report analyzes the financial performance of KGN and EVT during the COVID-19 pandemic. The report examines Kogan.com Ltd (KGN) and EVT, focusing on the impact of the pandemic on their sales revenue, cost of goods sold (COGS), and net profit. KGN experienced increased sales revenue and positive financial impacts, while EVT faced a negative growth rate and operational challenges due to lockdowns and decreased customer activity. The analysis uses financial statements and industry data to evaluate the companies' responses to the pandemic, highlighting the contrasting effects of the crisis on different business models and market positions. The report also references external sources to support the findings, providing a comprehensive overview of the pandemic's impact on the selected organizations.

ANALYSIS

TABLE OF CONTENTS
QUESTION 1..............................................................................................................................................3
Providing explanation for the selected companies performance during pandemic...................................3
REFERENCES............................................................................................................................................5

QUESTION 1
Providing explanation for the selected companies performance during pandemic
The selected organizations in the current report are KGN and EVT. Pandemic has been
the worst situation that any business as have ever face due to its adverse impact on various
factors. It depends on the type of industry in which company is operating so that extent of
influence can be derived. Kogan . com Ltd is being a part of service and retail business highly
get influenced from the pandemic situation. From the analysis of the income statement of
organization it can be evaluated that firm sales revenue as been increased from the time of 2018
to 2020 which crises period (KGN Financial statements, 2021). It has been increased from
408871.4 to 495736. Along with increasing revenue of organization COGS has also took
downward directional growth that is positive indication of company’s growth. It has been
decreased from 40.54 to 6.70 % from the financial year 2018 to 2020. Net profit also got
impacted by changing figures from 14,111.0 to 26,820. By making evaluation of financial
performance on the basis of it can be identified that KGN’s financial position as got positive
impact.
In addition to this, by giving emphasis on balance sheet of Kogan. Com Ltd deeper
knowledge can be gained that its total assets of 2018 is 107,074.1. In the Covid 19 duration it ahs
inclined from it and reached 281,421.0 which also representing progressive circumstances of
firm. On the other side liabilities has been paid off to increase creditworthiness from 59,192.9 to
117,396.0 for the mentioned period.
COVID 19 pandemic has also created impacts over the performance of the EVT
Company. Before the COVID panic company was capable enough to achieve the growth rate of
approximately 5% in the respective market. Due to the covid 19 pandemic the growth rate of
company has been considering as a negative .05%. This clearly demonstrates the potential loss
company faced against the global pandemic of covid 19. This is clearly understandable that the
pandemic has completely demolished the overall growth possibility of the business entity. The
direct impact over the sales has been made. The pandemic could impose the lockdown like
situations and condition in front of the government. The effect of lockdown has been so
significant that company had to stop all its operations. The negative growth rate reflects that the

organisation has gained the losses in the business. Just like other competitor in the respective
market EVT Company has also faced the negative impacts over the performance of the business
entity. The customers also felt hesitate before entertaining the practices associated with the
business entity. This is very obvious that the organisation could deliver the sales figure of $225
million whereas the post covid time could allow the organisation only to address the turnover of
$158 million (Harbison, McDaniel and Yoder, 2017). This clearly depicts the significant
downfall in the overall growth and performance of the business entity in the respective market.
The pandemic has completely demolished the growth possibilities of the business houses at a
global level.

REFERENCES
Books and Journals
Harbison, A. L., McDaniel, J. and Yoder, P. J., 2017. The association of imperative and
declarative intentional communication with language in young children with autism
spectrum disorder: A meta-analysis. Research in Autism Spectrum Disorders. 36. pp.21-
34.
Online
KGN Financial statements. 2021. [Online]. Available through: < https://www.wsj.com/market-
data/quotes/AU/XASX/KGN/financials/annual/balance-sheet >