Industry Analysis
Telecommunication Industry is capital intensive, complex industry and changes vary rapidly
General Characteristics
1. Capital-intensive industry
Large scale of Communications network & Distribution channel needed
2. Complex industry
Complex industry between Service & Product
3. Rapidly changing industry
Service spread rapidly
Rapid evolution of technology
ROCE and RNOA show overall decreasing trends from 2002 to 2008,
except one sharp increase in 2005.
Focused on non-core RNOA graph, non-core RNOA values were almost 0% for 6 years from 2002 to 2007 but it has sharply decreased in 2008 because of 2 reasons
Reasons
1. Gain(Loss) on foreign currency translation, net
2. Gain(Loss) on valuation of long-term investment securities, net
growth is considered as good or its stock price is evaluated just high. Finally, we used price book ratio (PBR) to judge that stock price is proper. PBR is 5.77 and it is higher than 10 companies’ average (4.011).
⑤ Conclusion of the quantity analysis - Apple
Nowadays, We think that Apple is evaluated high. This is because Apple’s new product such as i-Phone 4, 5 and i-pad is greatly a
of the distribution center in Arteixo and their factories in Coruna.
Internal Analysis: Zara’s Value Chain
If we look deeper into Zara’s business process, we can draw a value chain that consists with five steps of business activities. They are research and design, inbound logistics, manufacturing, outbound logistics, marketing and sales.
The first step of the process is its researc
Analysis of Sales and growth of assets
Sales
In Jinro's case, the sales growth rate of the last 12 months compared to the previous 12 months is downslide as a result of -0.36% that lowers than the average which is 4.36%. Average sales growth was reduced and regaining from lowest in 2003, while the Jinro's average growth rate of -0.36% recorded but risen recently, and be re-entered the decli