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    Syndicate 3 - Analisa Ratio Industri

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    Markus
    This document provides financial statement data for 13 different companies across various industries. The industries include: advertising agency, aerospace manufacturer, beer brewery, computer manufacturer, department store chain, distiller of hard liquor, electric utility, finance company, grocery store chain, life insurance company, pharmaceutical company, professional basketball franchise, and steel manufacturer. Key financial metrics such as cash and marketable securities, current receivables, inventories, property/equipment costs and accumulated depreciation, current liabilities, long-term debt, and income statement items are provided as a percentage of total revenues for each company. The tutorial then asks students to use the financial data clues to match each of the 13 companies to their respective

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    Syndicate 3 - Analisa Ratio Industri

    Uploaded by

    Markus
    196 views5 pages
    This document provides financial statement data for 13 different companies across various industries. The industries include: advertising agency, aerospace manufacturer, beer brewery, computer manufacturer, department store chain, distiller of hard liquor, electric utility, finance company, grocery store chain, life insurance company, pharmaceutical company, professional basketball franchise, and steel manufacturer. Key financial metrics such as cash and marketable securities, current receivables, inventories, property/equipment costs and accumulated depreciation, current liabilities, long-term debt, and income statement items are provided as a percentage of total revenues for each company. The tutorial then asks students to use the financial data clues to match each of the 13 companies to their respective

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    analisa ratio industri dari kelompok syndicate 3

    Original Title

    Syndicate 3_Analisa Ratio Industri

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    This document provides financial statement data for 13 different companies across various industries. The industries include: advertising agency, aerospace manufacturer, beer brewery, computer manufacturer, department store chain, distiller of hard liquor, electric utility, finance company, grocery store chain, life insurance company, pharmaceutical company, professional basketball franchise, and steel manufacturer. Key financial metrics such as cash and marketable securities, current receivables, inventories, property/equipment costs and accumulated depreciation, current liabilities, long-term debt, and income statement items are provided as a percentage of total revenues for each company. The tutorial then asks students to use the financial data clues to match each of the 13 companies to their respective

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    196 views5 pages

    Syndicate 3 - Analisa Ratio Industri

    Uploaded by

    Markus
    This document provides financial statement data for 13 different companies across various industries. The industries include: advertising agency, aerospace manufacturer, beer brewery, computer manufacturer, department store chain, distiller of hard liquor, electric utility, finance company, grocery store chain, life insurance company, pharmaceutical company, professional basketball franchise, and steel manufacturer. Key financial metrics such as cash and marketable securities, current receivables, inventories, property/equipment costs and accumulated depreciation, current liabilities, long-term debt, and income statement items are provided as a percentage of total revenues for each company. The tutorial then asks students to use the financial data clues to match each of the 13 companies to their respective

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    MB 2203FINANCIAL MANAGEMENT

    TUTORIAL WEEK 2A

    YP 62 A
    Isef Fauzi 29119340
    M. Andre Mutalibov 29119406
    Sinta Azizah 29119419
    Apta Hadyan Sulistijo 29119438

    Finance Detective
    (Financial Statement Analysis, A Strategic Perspective, Clyde P. Stickney/Amos Tuck School of
    Business Administration, Darthmouth College)

    Effective financial statement analysis requires an understanding of the economic characteristics of


    the firm being analyzed. Many of these economic characteristics are captured in the relationship
    between various financial statement items. The exhibit presents condensed financial statement
    information for firms in 13 different industries. Balance sheet and income statements items are
    expressed as a percentage of total revenues (that is, all amounts are divided by total revenues for
    the year). The 13 companies (all corporations except the professional basketball franchise)shown
    represent the following industries:

    A. Advertising agency 3
    B. Aerospace manufacturer (significant government contracts) 9
    C. Beer brewery 6
    D. Computer manufacturer 8
    E. Department store chain 4
    F. Distiller of hard liquor 7
    G. Electric utility 12
    H. Finance company (also involved in leasing) 13
    I. Grocery store chain 1
    J. Life insurance company 11
    K. Pharmaceutical company 5
    L. Professional basketball franchise (a partnership) 2
    M. Steel manufacture 10

    Use whatever clues that you can to match the companies in the exhibit with the industries listed
    above.
    Exhibit - Data for Ratio Detective Exercise

    Company Numbers
    Balance Sheet at End of Year (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
    Cash and Marketable Securities 0.7% 19.1% 9.0% 0.9% 11.9% 1.6% 4.4% 22.7% 5.1% 14.4% 245.6% 1.0% 25.20%
    Current Receivables 0.2% 4.5% 16.3% 4.9% 15.2% 36.2% 13.5% 21.3% 13.2% 70.6% 11.90% 7.8% 562.5%
    Inventories 7.5% - 11.9% 5.6% 13.2% 14.4% 21.7% 13.0% 10.5% 7.5% - 11.4% -
    Property, Plant, and Equipment Cost 17.0% 0.8% 42.90% 79.40% 54% 37.50% 25.30% 65.90% 162.5% 18.40% 3.60% 398.4% 70.8%
    Accumulated Depreciation -5.5% -1% -21.0% -21.7% -26.9% -12.0% -11.8% -27.4% -80.5% -9.3% -1.8% -109.6% -21.4%
    Net 11.5% 0.1% 21.9% 57.7% 27.1% 25.5% 13.5% 38.5% 82.0% 9.1% 1.8% 288.8% 49.4%
    Other Assets 1.40% 23.20% 12.50% 6.90% 8.70% 2.20% 31.80% 16.7% 4.0% 22.1% 51.9% 8.7% 57.5%
    Total Assets 21.3% 47% 71.6% 76.0% 76.1% 79.9% 84.9% 112.2% 114.8% 123.7% 311% 317.7% 694.6%

    Current Liabilities 7.8% 21.0% 32.7% 13.2% 22.3% 35.1% 15.3% 43.6% 12.5% 87.1% 203.9% 30.4% 437.5%
    Long-term Debt 3.6% - 6.3% 14.7% 8.7% 11.6% 17.4% 3.3% 18.0% 4.3% 21.4% 126.0% 196.1%
    Other Noncurrent Liabilities 1.4% 15.6% 5.5% 14.2% 4.9% 6.8% 10.8% 12.9% 5.0% 7.8% 8.4% 23.1% 12.2%
    Owners' Equity 8.5% 10.3% 27.1% 33.9% 40.2% 26.4% 41.4% 52.4% 79.3% 24.5% 77.5% 138.2% 48.8%
    Total Equities 21.3% 46.9% 71.6% 76.0% 76.1% 79.9% 84.9% 112.2% 114.8% 123.7% 311.2% 317.7% 694.6%

    Company Numbers
    Income Statement for Year (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
    Sales 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
    Cost of Goods Sold ( excluding depreciation ) or
    76.9% 61.8% 74.8% 62.0% 71.1% 72.1% 46.5% 26.60% 86.10% 89.60% 86.60% 57.80% 21.80%
    Operating Expenses
    Depreciation 1.4% 0.1% 4.1% 3.6% 6.8% 2.6% 2.0% 4.20% 6.60% 2.60% 0.90% 10.20% 14.80%
    Interest 0.4% 1.9% 0.7% 0.8% 0.5% 1.3% 2.0% 1.10% 1.80% 1.20% 3.40% 10.10% 47.30%
    Advertising 3.6% 0.5% - 8.0% - 3.3% 11.2% 4.00% - - - - -
    Research and Development - - 3.5% - 7.7% - - 11.20% - - - - -
    Income Taxes 1.1% - 4.5% 5.5% 2.8% 2.9% 6.6% 9.90% -4.10% 3.90% 2.50% 8.20% 7.00%
    All Other Items (net) 15.5% -0.7% 7.2% 13.4% 6.5% 13.5% 23.5% 25.10% 6.40% -1.30% -1.20% -5.50% -
    Total Expenses 98.9% 63.6% 94.8% 93.3% 95.4% 95.7% 91.8% 82.1% 96.8% 96.0% 92.2% 80.8% 90.9%
    Net Income 1.1% 36.4% 5.2% 6.7% 4.6% 4.3% 8.2% 17.9% 3.2% 4.0% 7.8% 19.2% 9.1%
    Cash Flow from Operations + Capital Expenditures 1.22% - 2.95% 1.17% 1.09% 1.09% 5.20% 5.20% 1.36% 3.06% 44.80% 0.95% 0.80%
    No.1 adalah Grocery Store Chain
    Pertimbangan pemilihan Grocery Store Chain adalah :
    Gap antara Sales dan COGS yang kecil mengindikasikan penjualan per produk tidak memiliki
    margin yang tinggi sebagaimana margin penjualan produk sayur-sayuran. Selain itu tidak ada
    biaya R&D.

    No. 2 adalah Professional Basketball Franchise (Partnership)


    Pertimbangan pemilihan Professional Basketball Franchise (Partnership) adalah :
    Property, Plant, dan Equipment yang sangat rendah yaitu hanya 0,8% disebabkan dalam bisnis
    franchise, aset diakui dan dicatat oleh pembeli franchise sehingga penyedia franchise tidak
    mengakui dan mencatat aset yang signifikan.

    No.3 adalah Advertising Agency


    Pertimbangan pemilihan Advertising Agency adalah :
    Tidak ada biaya advertising namun terdapat biaya R&D karena Advertising Agency perlu
    melakukan perencanaan iklan dengan mengetahui dan menganalisis mulai dari produk, klien,
    pesaing, hingga kondisi pasar untuk produk tersebut.

    No.4 adalah Department Store Chain


    Pertimbangan pemilihan Department Store Chain adalah :
    Tidak ada biaya R&D namun biaya periklanannya cukup tinggi. Selain itu margin penjualan per
    produk juga tidak terlalu tinggi.

    No.5 adalah Pharmaceutical company


    Pertimbangan pemilihan Pharmaceutical company adalah :
    Biaya R&D yang cukup tinggi yaitu 7,7% dikarenakan perusahaan farmasi harus melakukan banyak
    uji dan riset sebelum akhirnya menemukan formula obat yang tepat. Selain itu, perusahaan tidak
    mengeluarkan biaya iklan karena pada umumnya promosi untuk obat-obatan dilakukan oleh
    Detail langsung ke dokter tidak melalui media periklanan

    No.6 adalah Beer Brewery


    Pertimbangan pemilihan Beer Brewery adalah :
    Tidak ada biaya R&D namun ada biaya advertising

    No.7 adalah Hard Distiller Liquor


    Pertimbangan pemilihan Hard Distiller Liquor adalah :
    Biaya advertising paling tinggi yaitu sebesar 11,2% dan proporsi pajak penghasilan yang juga tinggi
    yaitu sebesar 23,5%

    No.8 adalah Computer Manufacturer


    Pertimbangan pemilihan Computer Manufacturer adalah :
    Biaya R&D paling tinggi yaitu 11,2% dikarenakan perusahaan komputer terus melakukan inovasi
    dikarenakan perkembangan teknologi yang sangat dinamis. Selain itu perusahaan tetap
    mengeluarkan biaya advertising karena produk komputer tetap memerlukan promosi melalui
    media periklanan

    No. 9 adalah Aerospace Manufacturer


    Pertimbangan pemilihan Aerospace Manufacturer adalah :
    Income tax negatif yang mengindikasikan bahwa perusahaan mendapatkan insentif pajak yang
    mungkin didapat jika perusahaan menjalin kontrak dengan pemerintahan
    No. 10 adalah Steel Manufacturer
    Pertimbangan pemilihan Steel Manufacturer adalah :
    Perusahaan tidak mengeluarkan biaya advertising dan R&D karena bisnis tersebut tidak
    memerlukan aktivitas tersebut. Selain itu, akumulasi penyusutan rendah dikarenakan produknya
    merupakan peralatan

    No. 11 adalah Life assurance


    Pertimbangan pemilihan industry life assurance adalah :
    Cash dan marketable securities mempunyai 245% yang terjadi karena pada industry asuransi biasa
    mendapatkan pemasukan uang cash berupa uang premi yang dibayarkan oleh klien dan atas dana
    klien tersebut diinvestasikan pada marketable securities untuk mendapatkan manfaat.

    No. 12 adalah Electricity Utility


    Pertimbangan pemilihan Electricity Utility adalah :
    Property, Plant, and Equipment tinggi yaitu sebesar 398,4% yang terjadi karena perusahaan listrik
    memiliki banyak pabrik dan pembangkit sehingga nilai propertinya tinggi. Selain itu, akumulasi
    depresiasi juga besar yaitu sebesar 109,6% yang mengindikasikan properti tersebut merupakan
    peralatan yang cepat usang, bukan berupa bangunan.

    No. 13 adalah Finance


    Pertimbangan pemilihan industri finance adalah :
    Kondisi current receivable yang sangat besar yakni 562,5% karena industry finance bergerak
    dengan memberikan peminjaman berbunga kepada peminjam, sehingga industry perbankan
    wajar memiliki persentasi piutang sangat besar.

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