Analysis Of The Financial Statements Of Coca Cola Finance Essay

Analysis Of The Financial Statements Of Coca Cola Finance Essay The firm and the outside providers of the capital that is the investors and the creditors will all take the financial statements into considerations .The Investor in the companys will be interested in the present and future expected earning of the company . As a result the investoes will be interested in the profitability of the company usually this will be their focus of their analysis. They are also concerned with the firm ability of the firm to pay dividends Internal management will also employ financial analysis for the following reasons: Better purpose of internal control Management need to undertake financial analysis in order to plan and control effectively The financial manager is particularly concerned with the return on investment provided by various assets of the company. Financial statements Financial analysis is the art of transforming data from financial statement into information that is useful for decision making. Balance sheet: A summary of a firm financial position on a given data that shows total assets =total liabilities + owners equity INCOME STATEMENT:- A summary of a firms revenues and expenses over a specified period ending net income or loss for a period. Cash flow statements:- Is a financial Statements that shows how changes in the balance sheet accounts and income affects cash and cash equivalents and break the analysis down to operating investing and finance activities. FINANCIAL ANALYSIS FINANCIAL STATEMENTS Balance sheet Cash Flow Statement INCOME STATEMENT COCA COLA BACKGROUND INFORMATION The coca cola company is the worlds largest produces of non alcoholic beverages concentrates and syrups.This company is based in atalnta, gerogia which makes concentrated form of beverages and sells them to the retailers. The company has its operation in more that 200 countries and sells nearly up to 100 different brands .Coca cola is now one of the worlds largest co-operation with a global workforcw of 90000. Over the years the brand equity of Coca cola trade mark,the produces brands ,has established the company a prominent figure in the non alcoholic industry and allowed comapnay to maintain high revenue and profits . The Coca-Cola Companys major offerings include such as coca -cola, sprite ,Fanta ,coke zero etc. EVALUATION Liquidity (Appendix A) Current Ratio: The current ration from the years 2007 to 2009(Appendix A) has been increasing but when compared to the standard ration 2:1 these ratios are much lower which shows short term liquidity effencicy and inefficient use of resources.Some corrective measures should be taken by the management to maintain the resources. Acid test ratio:This show the ability of the firm to pay its current obligation more quickly without considering the inventory and per-paid expenses . From the ratios (Appendix A) the firm has no trouble in meeting its current obligation ;there is an incline in the ratio and the company has the ability to meet the current obligation. working capital: The working capital of the company (Appendix A) when seen from 2007 to 2008 the net working capital was negative and the situation was alarming.The ablity of the firm to meet its current expenses for day to day operation shows a constraint. But in 009 the working capital shows a positive impact. Receivables Turnover:In Coca cola the number of times receivables are converted into cash has showed continuous varation from 2007 to 2009. In 2007 the accounts receivables turnover showed incline but again in 2008 due to the financial crisis it has showed a decline. So improvement has been made in 2009 in collection of accounts receivables. So overall situation is quite satisfactory. AVERAGE COLLECTION PERIOD: In coca cola the number of days requires to collect receivables have increased over the time; it shows the ineffective management of the credit department. So this ratio shows the negetive trend as efficiency has not improved Days sales in inventory: In coca cola the number of days requires to collect receivables have increased over the time; it shows the ineffective management of the credit department. So this ratio shows the negetive trend as efficiency has not improved. Inventory turnover: In coca cola cash were increased in 2007 and 2009. This was indication of negative trend. However improvement has been made in 2008. Leverage (Appendix A) Leverage ratios measure the degree of protection of suppliers of long term funds. The level of leverage depends on a lot of factors such as availability of collateral, strength of operating cash flow and tax treatments. Thus, investors should be careful about comparing financial leverage between companies from different industries. In Coco cola The amount of funds provided by creditors in relation to total assets has been the same from 2007 to 2009. Debt- to total -asset ratio it is obvious that amount of funds provided by creditors to purchase total assets are continuously remaining the same. As in last 3 years the more than 25% of the total assts are being financed by creditors, so the current situation is quite alarming. Operating cash flow that show a great percentage increase which the suppliers and the investors should see . Profitability(Appendix A) It is this ratio analysis which would give an insight into the prfotability of the firm , as it would help the investors analysi the combined effect of the liquidity of the firm , its dividend yield Earning pershare , revenue growth and the are all important for the survival of the firm. This would tell how the company has been utilizing its resources in generating profits and shareholders value. GROSS PROFIT MARGIN: In coca cola the gross profit margin of the organization has showed a continuous increased from 2007 to 2009. But the above time serious analysis clearly implicit, that the ability of the organization to generate profit is improving. The management has taken reasonable as well as tremendous efforts to improve profitability. Net Profit Margin: In coca cola although there was slight decline in 2007 from 2008 due to the financial crisis net profit margin , but in 2009 serious analysis clearly implicit, that the ability of the organization to generate profit is improving. This showed that the management is managing it selling and admin expenses efficiently and effectively with increasing sales profit to add more to net profits. Profit generation capability is showing positive trend over the years. Operating Income margin: In coca cola operating profit was increased in 2009 from 2008 . It was decreased in 2008 as compared to previous year. However in 2009 a considerable increased has occurred. Operating profit has increased considerably. So the overall situation is quite satisfactory. Return on Equity: The Return on Equity was maximum in 2008 but decreased in 2009 and went down more in 2007 . This again may have happened due to the issue of more long-term debt recession. Return on investment: The overall trend is positive over the timeperiod. The return on investment has increased considerably from 2007 to 2009, which indicates that funds are being utilized effectively to generate revenue. INVESTOR ANALYSIS(Appendix A) DEGREE OF FINANCIAL LEVERAGE: The degree of financial leverage is fluctuating over the time period. It was improved in year 2009 and 2007 but, in 2008 once again it indicate a negative trend. The loan is not being utilized efficiently to made more earnings available toshareholders. So the above trend needs corrective action. Earning Per Share: Earning per share has been increased continuously. It is obvious, that earning capacity of the organization is improving continuously with the time. Earning made on each share of the stockholders equity is increasing. This showed that the shareholders fund is being used efficiently and effectively to maximize the shareholders wealth. Price / Earning Ratio: Price/earning ratio has been decreasing continuously over the three years. It has decreased considerably in 2008. It reflects a very bad indication on the price of the share. It is quite alarming for the marker price of the stock. Corrective action should be taken immediately. Dividend Yield: Dividend yield which shows dividend per share in relation to market price per share. It was decreasing from 2008 to 2009. Dividend yield showed improvement in 2008 as compared to previous 3 years. So the above analysis shows that some improvement has been made. Book Value per Share: It relates the stockholders equity to the number of shares outstanding, giving the shares a raw value. Comparing the market value to the book value can indicate whether or not the stock in overvalued or undervalued. CRITICAL ANALYSIS: (Appendix A) The fizz is back in Coca-Colas stock. As we can see in the envaluation the company is generating a huge amount of cash flow of 44.70 billion and about $2.93 per share.It has made a net prfit margin of 20.55% in 2009 and a return on equity of about 26.92% . Any one would tell that this is a fabulous company. The company last year saw profit and sales rise following a strong performance in the developing markets. Coca-Cola remains financially awesome and its drinks will be sold even if the economy cools off. The company has moved into the an emerging consumer market such as China , as now China is taking is firt sip of Coca cola.If the history is any guide, the people of that country will get hookied to Coca cola nad will become their loyal customers. Coca cola has a strong Earning per share and this would continue growing for the next 2 to 5 years. The stock would hit $62 within this year. Coca-Cola shares were trading at a price-earnings ratio of 19.45 Coca-Colas stock has gained about 20% more than the Standard Poors 500 Index ($INX) over the past five years Earnings growth in the past year has moved up moderately compared to earnings growth in the past years. Positive. Coca-Colas stock actually looks like a good investment now that it is starting to benefit from a renewed focus on aggressively retooling its product mix. The coca cola stock where fluctuating from $45-69, the price of Coca cola stock now is $53.61which is actually down. The company is now willing to take risks on new brands to capture the strength of hip soft-drink trends such as energy drinks and flavored waters. From now on I can see that Coca-Cola is gaining market share through out the globe. Its safe for investors to assume that the growth in the most recent years is not a fake, but the beginning of a trend the shares will grow steadily higher. As of now I guess that the company has a drop in business in Europe and latin America Developing markets such as China, Africa and India posted double-digit growth in unit volume led in part by carbonated beverages such as Coke and Sprite. The analysi of coca cola would not be complete without taking intpo the consideration the brand recogination because it is one of the billion companies in the world that people recognize. Its hard to tell the worth of coke brand but you can be sure that its an essential ingredient contributing to the companys ongoing success SELECTED COMPITETOR PepsiCo Pepsico is the compitetos for coca cola in the non alcoholic beverge industry. It has 31% of the total maket shar as when comapered to coke which has 42.8%. U.S. non-alcoholic beverage market share, by volume PEP has many brands some very well known Mountain Dew Aquafina Tropicana and Lipton Both the companies are working hard to grab a larger share in the market and for the title of the best soda producer in the world ,both the companies have a similar taste in the investment portfolio.both the companies share equal powerful brand names and global franchises , but when it comes to profit, revenue EPS dididend yield and othe terms realeted to investment in their stock both different in different ways. But during the period of recession both the companies had problems making the stock prices and the revenue incomes , the management of pepsico was far better as we get to see in the critical analysi of the assignment , Pepsico has a larger revenue , due to diversifation of its product lines. Liquidity In the receivables area ,PepsiCo is ahead of coca cola. Coca-cola is better off with the days sales in receivables, but substantially behind either per year and account receivable turnover, days. In the inventory area, Coco cola appears to be ahead of PepsiCo. They do have some what different Inventory methods, which could account for the difference. Coca-Cola has a slightly higher operating cycle ,Which favors PepsiCo Working capital cannot be compared .PepsiCo is materially better that Coca cola PepsiCo current ratio is materially higher than Coca colas. This is necessarily bood because the Coca-cola current ratio is very good and PepsiCo possibly has to many inventory. Coca cola and PepsiCo acid test ratio are both quite the same, which is good. Coca-Cola cash on hand is much better than PepsiCo. Leverages: PepsiCo did better in debt ratio ,debt/equity ratio, and tangible net worth ,Cocacola has good ration in these areas. Coca cola has a materially better operating cash flow/total debt .PepsiCo debt indicator appears to be materially better than Coca cola. The Coca-Cola indicators are good. Profitability Coca-Cola has a number of profitability indicators that are materially better than PepsiCo. Included here are net profit margin, return on investment, return on equity. PepsiCo has a number of profitability indicators that are better than coca cola.In general, PepsiCo s profitability appears to be materially better than coca cola. Investors Analysis Neither company has a high degree of financial leverage ,but Coca-Cola is lower. price/earning ratio is slightly higher for coca cola . Take a note liquidity is better for PepsiCo ,long tern debt paying ability was materially better for PepsiCo and the profitability was materially better for PepsiCo . The Investors Analysis appears to be better for PepsiCo that that of Coca-Cola .Considering the liquidity , long-term debt paying ability and the profitability we would expect PepsiCo price/earning ratio to be higher than Coca-Cola . Getting technical (Appendix B) The stock to see them how they have been performed I took a look at the chart of 4 years price of the stock , in the chart for the coca cola share we see that Coke has done remarkably very well in 2007 but in December 2008 we see that the stock proce has come dwn . even because of this , the stock boasts a total return, including dividends, of about 23% for the past year. But PepsiCo has held its ground better In terms of fundamentals, Pepsi seems to have the slight advantage. While Coca-Cola does have the higher figures, Pepsi has the better margins in terms of operating margins, revenue, and profit which is more important for growing companies. During the 2009 pepsi had a better EPS in their statements. The past year Coca-Cola has only remain in a five dollar range, showing little fluctuation patterns for speculators or investors. While this seems to be bad in coca cola ,the value seems to have increased to its maximum, but we can also see a drop in the prices of shre of Coca cola when compared to 2007 and 2009.While pepsico has seen continued growth throughout its tenure in a nice steady growth pattern. The company is in its prime of its careerand this should be able to carry the stock to high numbers for at least a decade.By investing now in pepsi, the investos have an opportunity to see pepsi rise to near 80-100 points by 2010.and possibility of more by 2015. Such as a process is also favorable with its dividend payoff which allows for reinvestments to increase gains. Likewise, I give PepsiCo an edge on the product side. Both companies have done very well navigating a beverage market that is always evolving. PepsiCo owns the Gatorade brand, which is popular with the athletic set; Coca-Cola purchased the trendy Vitamin Water line in 2007. Depending on the market situation in tha klast two years coke stock trades at 10.8 times the analyst earning while pepsico 11.3 times , which indicates that pepsico is doing better. My expectation is that coke profits would grow to 9 percent over the next five years ,but pepsico would grow at 11 percent ,which is behind the forcast. To me, thats an edge for PepsiCo, because the company has more room for overseas growth. This sort of competition keeps both companies innovative, aggressive and eager to please consumers and shareholders. Pepsi has the edge over Coke in price performance, with a total return, including dividends, Looking at longer-term patterns, PepsiCo has a decided edge. Over 10 years, PepsiCo has an even bigger advantage. EVALUATION OF FINANCIAL MARKETS 2008 financial crisis: Coca-Cola Coca cola is selling its products all over the world and it would be a safe investment for the people if they are buying the shares people as I realize that due to the economice crisis investors think twice before they actually buy the stock , the prices of the shaers are increasing and this indicates that the growth will be more as the days pass by. 2009 results. Despite the economic downturn, the company increased its sales by 2 percent in the United States and by 3 percent worldwide. In India, Coca-Colas business grew by 31 percent between January and March 2009. In 2008, sales revenue increased by 7 percent in Brazil In the 2008 due to this crisi profit fell 3 percent to $5.81 billion, or $2.49 per share, from $5.98 billion, or $2.57 per share, in 2007. Commodity Cost Fluctuations Affect Margins:. The varaiation in the prices of the raw materials would directly and indirectly affect the production coas which in turn would affect the profitability of Coca cola. Here Coca cola itself would be directly purchasing the raw materials which are used to make the concertes nad syrups.varation in the prices of these would affect the cost of production of as wellas the profit margins Here also the change in the production cost os the bottlers can also impact the coca cola profitability in and indirect way though. If the raw material becomes more that is necessary for bottling then ,the bottlers would be forced to increase the prices to compensate. Such a nature would hurt the profitabitity of the company , in such an competitive nature of the non alcoholic beverage company.and would be possible incentive for the consumers to switch over to other companies beverages. The prices of these commodities rose in 2007 and dramatically pressured margins. significant rise in Commodities represents a constant threat to profits. Dollar Affects International Performance : The another factor for the decrease in the profit and revenue was the affect in the dollar performance. Although the company was based in north America more that 76% of its revenues was derived from outside north America.Because of this the company is very sensitive to the strength in Dollar price.As the prices of the other currencies weaken relative to dollar , goods that are sold outside the US are worth back in the US, lowering earmning. Thus, if the dollar strengthens (as it did in the second half of 2008 and 2009), it has a negative effect on Coca cola earnings. Coca-Cola expect currency fluctuations to adversely operating income by 10-12% . The Global Economic Recession Threatens Overall Demand http://cdn.wikinvest.com/i/px.gif: In the 2008 -2009 the global economic recession , the credit crunch had a major impact on the sales and revenues of the COCA COLA company as because the consumers where not able to afford the price of coca cola during that period , the company had also increased the prices of their product because of the increase in the price of their commodity. Conclusion and recommendations

What Was the Best Gift That You Have Given or Received?

Heather Nguyen Writing V Date: Sep- 19-12 Topic: What was the best gift that you have given or received? What make this gift special? â€Å"The only way that you can ever know if something is of value to you is by the way it feels as you are receiving it†. We all would like to have a gift, even if the gift is invaluable or inexpensive; it also brings for all of us happiness and respectability. To me, the day I gave birth to my son is the gift I have received which changed my life forever.No word can describe how special my gift means to me. As someone quotes: â€Å"Somebody said that a child is carried in its mother’s womb for 9 months. Somebody does not know that a child is carried in its mother’s heart forever†. When he entered this world with the first sound of his crying, I knew that we blended for life. God brought my son to me as a non material gift. It was amazing while I was pregnant, the movement inside the womb, the kicks when he heard a noiseâ⠂¬ ¦My pregnancy was difficulty but I really enjoyed it.This gift made me stop and realize how precious and special life truly is. My house is filled full with his smiles, kisses, hugs, laughs, and love†¦I cannot imagine what my life would be like without him. He is truly a gift. He means the world to me. I am very proud to have him in my life. Sometimes I get too much depression because of real life; I look at him, and forget what I have been though. He makes me laugh and reminds me to slow down and enjoy life. He is a miracle that makes my life happier.On the other hand, I do not have time for myself; I work harder to raise him. For example; I always wake up in the middle of the night because he is crying. Over all, even if I knew how difficult it was being, I will do anything I can do for him to become a good person. Gifts are something that are unforgettable and love the person who gives it to you. Gifts can bring people closer together. I thank God everyday for giving me t his wonderful gift. No gift that I ever received in my life can compare to this . My son is truly a special gift to me.

Essay on Pulling the Trigger on Gun Rights - 1050 Words

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German War Style And The World War II - 892 Words

WW11 started when Germany, Japan, and Italy were allied up and started to invade land. The USA, Soviet Union, and Great Britain were also allies. Japan, Italy, and Germany wanted to gain land. Japan wanted to take part of Asia and the south pacific. Germany wanted to take Northern and Eastern Europe. Italy wanted to take over Northern Africa and Greece. WW11 started on September 1st 1939 when Germany invaded Poland. Germany was led by Adolf Hitler; he had a style of warfare that was deadly. He used infantry, armor, artillery and aircraft work. In this type of war style they had to be able to communicate so they equipped every vehicle with a small radio to communicate with other vehicles. The German war style was called the Blitzkrieg. This†¦show more content†¦The reason why France did this is because they knew that Hitler would just tear right through his country and take all of it. Later than the Italians leader Benito Mussolini declared war on France just after they had g otten new French Government established. When the U.S was in a neutral position out of the war (not participating in the war) they were sending supplies over to Great Britain (Called the Lend and Lease Act) some of the ships were getting attacked by U-Boats which are German submarines. The US was trying to send over weapons, Aid kits, Tanks, and lots more. The Germans were attacking the US supply ships so Great Britain can’t get the weapons/supplies that the Americans were sending over. Even though the American ships were getting blown up by the U-boats the US still did not get involved in WW11 yet. The US got involved when the Japanese (allied with Germany and Italy) bombed a naval base in Hawaii, this naval base is called Pearl Harbor. A total of 4 ships were destroyed/sunk. A total of 2,500 people or more were killed and almost half of them killed were on the USS Arizona. The Japanese destroyed or damaged 350 planes. This is now where the US decides to get in the war. They decided that they would start off fighting Germany and then finish off ending the war with Japan. The US had first entered France on November 8th 1942. They had to first take France and then head to