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[세무회계] SK telecom(SK텔레콤)과 LG telecom(LG텔레콤)의 회계 분석(영문)에 대한 자료입니다.
목차
Part 1. Performance Analysis
Part 2. Invest perspective
Part 3. Credit perspective
Conclusion
본문내용
ROE analysis
Both LGT & SKT had declining ROE
SKT had larger decrease (2.46% vs 1.11%)
LGT has larger ROE figure
LGT earns more profit per dollar of stockholder investment
Operating income margin shows contradicting results
SKT earns more operating profit per $1 of sales
SKT earns more net income per $1 of sales as well
SKT better performance compared to LGT
Efficiency
LGT = much more efficient in utilizing its assets except in terms of receivables
Telecom companies Excluded Inventories
Working capital management
SKT = much more efficient working capital management
& low inventory figure
LGT = larger ROE
SKT = larger operating margin and profitability
LGT = more efficiency in utilizing assets to generate profit
SKT = more efficient management of capital
Overall, SKT shows better performance
EPS
SKT decreasd vs LGT continuous growth
but SKT has Much Bigger absolute figure
DPS
SKT Huge increase vs LGT about 50% decrease in 2008
Stock return
SKT large decrease into -12 vs LGT decreased relatively small amount