Overall, ratios and analysis of two companies indicate that McDonald’s performed better than Burger King.
In investor’s perspective, McDonald’s showed excellent stock performance in terms of dividends and capital gains. Burger King, in contrast, had a negative stock return. Therefore, it is recommended to invest only in McDonald’s.
In creditor’s perspective, McDonald’s is more
Part 1. Performance Analysis
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 performa
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 mo
Financial specialist : fundamental analysis is based on specific, proven company performance. so, the forecasting future earning is possible
Academia : the calculation of past earnings growth has nothing to do with predicting future growth
Concentrating on the prediction itself : forecasting future earning is inefficacious.
Wall Streeters
Specialists > Amateur, Individual Investor
1. Investment objective
As a Stock investment trust primarily invest in domestic stocks benefited from emerging market such as China, focusing on emerging growth effectiveness by constructing a portfolio and goal to make an excess returns compared with market.
2. Investment Strategy, Investment Policy and Revenue structure
1) Investment Strategy and Risk manageme
investigated its accounting policy for revenue recognition, allowance for doubtful debts, inventory valuation, and depreciation method.
1. Revenue Recognition
KAL recognizes the transport-revenue when it completes the performance of a service to passengers. For the contract of service provision, revenues are recognized according to the progress standards. A progress ratio is calculated by the
David Swensen
Wisconsin-River Falls에서 학사수여
Wall Street Lehman Brothers에서 6년간 senior vice president
1985 Yale Univ. 의 Investment Officer Head( ~ 현재)
Investment Office
-전반적인 Endowment 문제의 책임
-투자의 평가, 선택, 관리
-외부투자 Advisors감독
-전체적 투자 정책 진행
투자전략제시 ↓↑ Feedback
Investment Com
investing activities ( - )
Cash flows from financing activities ( - )
Because…
The invest needed to growth. Invest flow(-)
They will pay back the loans and dividend to the stockholders
financing flow(-)
steadily performance by operating activities operate flow(+)
In 2010, Current situation
To protect children from accidents , The LG has recalled Drum washing machin