Analysis of Apple Inc.'s Financial Ratios Compared to Tech Industry
VerifiedAdded on  2019/09/21
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AI Summary
This report presents a financial ratio analysis comparing Apple Inc.'s performance against the technology industry average. The analysis covers key financial ratios such as current ratio, gross profit margin, times interest earned, accounts receivable turnover, inventory turnover, return on assets, asset turnover, and leverage ratio. The comparison highlights Apple Inc.'s strengths in profitability and efficiency, as indicated by its gross profit margin, return on assets, and inventory turnover, which are better than industry averages. However, the analysis also reveals areas for improvement, such as liquidity and the times interest earned ratio, where Apple Inc. falls short of industry benchmarks. The report emphasizes the importance of financial ratio analysis in evaluating a company's overall financial health, including its liquidity, solvency, and profitability, and its reliance on external funding. Overall, the report concludes that while Apple Inc. demonstrates strong performance in several areas, addressing its liquidity and debt management is crucial for sustained growth and market position.
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