In 1887, and as a result of the successful export business, there was the establishment of a subsidiary of Angel Pharmacy in New York. In 1891, the organization became and independent American company through the efforts of Georg Merck, which was the grandchild of Heinrich Emanuel Merck. Once, a former German company subsidiary in New York, the independent Merck and Co. Inc. is currently the 2nd largest healthcare and pharmaceutical company worldwide. In 2009 Merck & Co., Inc. merged with Schering-Plough, becoming the 2nd largest healthcare and pharmaceutical company worldwide. Globally, Merck & Co., Inc. is also a leader in the animal care and consumer products market.
This is good because a high inventory turnover is better than a low one. Let’s look at how Tootsie Roll’s inventory turnover compares with Hershey and Nestle. Figure 4Inventory Turnover for a Few Example Companies The inventory turnover for both Hershey and Nestle is 5.16 times. So Tootsie Roll’s inventory management is consistent with its competition. Measuring Profitability Ratios Profitability ratios measure a company’s ability to use its assets efficiently to produce profits.
Groupo Modelo is on moderate internationalization and little brand diversity compared to its rivalry FEMSA. Question 3 What is your assessment of Grupo Modelo’s financial performance and financial condition from exhibit 6 in the case? Use financial ratios to develop calculations in support of your assessment. The domestic market sale of beer and export sale of beer of Grupo Modelo has increased by 6.4% to over 45 million during the course of 2005. This shows the ever increasing demand for the brand that the Grupo produces.
With subsidiary Abbot Downing, it has got a good start in this area and has captured a decent market share till now. Another big area of opportunity for Wells Fargo is represented by Cards. Only 36% of its retail banking clients, 20% of its mortgage clients and only about 7% of its affluent customers have Wells Fargo
Since Cintas has a large division of first aid, safety and fire protection services will help them to stay afloat. They have approximately $1 billion in revenue between the two companies that they now have and if losing on investing in warehouse fans will not be that much a lost for their business. Cintas share price has tripled over the past 5 years and their cash flow is very sustainable as of now. Cintas gives at least $200 or more from individuals at the company that has been reported to the Federal Election Commission. They give over $162,000 for contributions to the political parties and
Return on equity measures the company's profitability by measuring how much profit a company generates comparing with the money shareholders have invested. Return on Equity = Net Income available to common stockholders common stockholder Equity ANON= HAS DEFICIT ULTA= 26% REVLON= HAS DEFICIT 4. Efficiency Ratios The efficiency ratio is used to measure how the company uses its assets and liabilities internally, these ratios to measure the performance in short term. • Accounts Receivable Turnover This ratio used to measure the firm's effectiveness in extending credit and in collecting debts. The receivables turnover ratio is an activity ratio measuring how successfully a In collecting its AR during the year, if the company has AR turnover 2 that means the AR turned over two times during the year.
Current ratio = Current assets/current liabilities = $1,085 million / $450 million = 2.41 2. Total Debt to equity = Total liabilities / Stockholder’s equity Total liabilities for 2009 = $1003 million Stockholder’s equity for 2009 = $1,845 million Ratio of total debt to stockholders’ equity for 2009 = $1,003/$1,845 = 54.36% 3. Gross profit rate = Gross profit / Sales Gross profit for 2009 = $2,362 million Gross margin percentage for 2009 = $2,362 / $3,540 = 66.72% 4. Return on sales = Net income / Sales Net income for 2009 = $272 million Sales for 2009 = $3,540 million Return on sales for 2009 = $272 / $3540 = 7.68% 5. Return on stockholders’ equity = Net income / Average stockholders’ equity Net income for 2009 = $272 million Average stockholders’ equity for 2009 = $1,732 million Return on stockholders’ equity for 2009 = $272 / $1,732 = 15.70% 6.
Accounts receivables has fallen from 5.2 to 3.3 days indicating that Ryanair has become more efficient over the last number of years in payment collection most likely due to the implementation of new technological payment and online systems. Furthermore, a good indication of a great working relationship with creditors (and thus access to credit) is that there seems to be some liberal flexibility in accounts payable turnover. We were interested in investigating how long it would take the company if it devoted its cash flow entirely to servicing its debt. Thus, cash flow to debt above indicates that Ryanair is in a great position to service its debt and that it is comfortably capable of taking on more. Moreover, cash flow to capital expenditures has moved up which signals that the company is becoming more efficient at funding daily operations.
In the year 2006, Chery had sales volume of 3,05,200, 62 % growth compared to the last year with a market share of 7.2 % of Chinese automobile market thereby showed strength in an industry which was long monopolized by Chinese foreign jointly funded brands. Sales figure of Chery is displayed in exhibit
The Indian Fast-Moving Consumer Good (FMCG) or Consumer Packaged Goods (CPG) are products that are sold quickly and at relatively low cost. Though the profit margin made on FMCG products is relatively small but they are sold in large quantities; thus the cumulative profit on such products can be substantial. FMCG is probably the most classic case of low margin and high volume business. Introduction to Fast Moving Consumer Products (FMCG) The Indian FMCG sector is the fourth largest sector in the economy with an estimated size of Rs. 1,300 billion.