Company Analysis - Apple
TABLE OF CONTENTS
COMPANY OVERVIEW 5 Introduction 5
Brief History & Current Happenings 5
Apple Products & Services 7
Business Strategy 9
INDUSTRY ANALYSIS 10
SWOT Analysis 10
Industry Overview 13
FINANCIAL ANALYSIS 16
Short-Term Liquidity Analysis 16
Current ratio 16
Acid Test (or Quick Test Ratio) 16
Accounts Receivable Turnover 17
Inventory Turnover 17
Days in Sales Receivables 17
Days in Inventory 18
Days Purchases in Account Payable 18
Average Net Trade Cycle 18
Cash provided by operations to average current liabilities 18
CAPITAL STRUCTURE AND SOLVENCY RATIOS ANALYSIS 19
Long term debt to assets 19
Debt Ratio 19
Earnings to Fixed charges 20
Cash flow to fixed charges 20
Financial leverage index 20
Altman Z score 20
PROFIT MARGIN RATIOS ANALYSIS 21
Gross profit Margin 21
Net Profit Margin 21
Operating Profit Margin 22
RETURN ON INVESTMENT RATIOS ANALYSIS 22
Return on Assets 23
Return on Common Equity 23
Equity Growth Rate 23
Disaggregation of Return on Common Equity 23
ASSET UTILIZATION RATIOS ANALYSIS 24
Accounts Receivables Turnover 25
Inventory Utilization 25
Fixed Asset Turnover 26
Other Asset Turnover 26
Total Asset Turnover 26
FINAL REC ...