Report On Old Chang Kee 's Financials Essays

Report On Old Chang Kee 's Financials Essays

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Report on Old Chang Kee’s Financials as at 31st March 2014
Our Project Team would like to take this opportunity to specially thank Mr. Tan Geok Kian, our Accounting and Finance Lecturer, for his guidance and patience throughout this Project.
Kudos to each and every member of the group for the invaluable contribution to this Project Work. May we always persevere!

Team Members: Elroy Chan (Team Leader), Nordian Ibrahim, Sharon Tan, Hazimah Ishak, Junainah A Latif and Kenneth Wong.
1 Acknowledgement 1
3 Executive summary 3
4 Background information 4
5 Swot Analysis 4
6 Financial Ratio Analysis and Recommendations 6
6.1 Leverage Ratios 6
6.2 Liquidity Ratios 6
6.3 Efficiency Ratios 7
6.4 Profitability Ratios 7
6.5 Investment Ratio 7
7 Limitations and assumptions made 8
8 Conclusion 8
9 Appendices 9
9.1 Old Chang Kee Financial Ratios in percentages 9
9.2 References 9
9.2.1 2014 Annual Report 9
9.2.2 Brealey, R.A., Myers, S.C., & Marcus, A.J. (2010). Fundamentals of corporate finance. New York, NY. 9

The main objective of this report is to conduct financial analysis on the Group’s financial status and make recommendations and improvement for Old Chang Kee. The previous years’ figures have therefore been used as a benchmark against this year’s performance.
The Group’s strengths, weaknesses, opportunities and threats were firstly identified through a SWOT analysis. Financial Ratios on the Group’s leverage, liquidity, profitability, investment and efficiency have therefore been carefully selected to help the group remained focus.
There were several increasing trends that could be seen in this year’s performance. However, these increases were only able to s...

... middle of paper ...



2014 2013
Leverage Ratios Times % Times %
Total Asset Ratio .3231 32.3% .3182 31.8%
Time-interest earned Ratio 109.757 163.864
Liquidity Ratios
Net Working Capital to Total Assets ratio or Current Ratio .2737 .2919
Current Ratio 2.249 2.239
Quick (or Acid Test) Ratio 2.011 1.890
Efficiency Ratios
Sales to Asset Turnover Ratio 1.579 1.745
Accounts Payable Turnover Ratio 8.66 8.70
Profitability Ratios
Operating Profit Margin 8.79% 8.76%
Return on Equity 20.3% 17.9%
Investment Ratios
Earnings Per Share 0.0497 0.496
Net Asset Value Per Share 0.259 0.393

9.2.1 2014 Annual Report
9.2.2 Brealey, R.A., Myers, S.C., & Marcus, A.J. (2010). Fundamentals of corporate finance. New York, NY.


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