1. With which of the international competitors listed in the case is it most interesting to compare Inditex’s financial results? Why? What do comparisons indicate about Inditex’s relative operating economics? Its relative capital efficiency?
GAP H&M Benetton Inditex
ROIC -0.15% 24.16% 11.20% 27.24%
Return on sales -0.06% 9.60% 7.05% 10.46%
COGS/sales 7
financial efficiency of their systems etc. The paper also analyses the benefits and demerits each chain faces as a result of the individual strategy they had adopted. They also analyzed the effect the recent financial recession had on each of the groups and how well or not they were placed to deal with it.
2. General background and current trends of hotel industry
Characteristic
Financial statement analysis
1. Balance sheet analysis
1.1 요약 대차대조표 (단위:백 만원)
2008년 자산이 예년에 비해 증가하였는데 단기투자자산과 유형자산의 증가가 눈에 띈다. 유형자산의 증가는 사업확장을 위한 토지와 건물의 증가가 이유로 보여진다. 홈쇼핑회사는 제품
financial crisis trading assets increased by 11 percent because of the Groups Consolidation of 5 Constant Net Asset Value. Trading assets fell by 6 per cent, primarily due to a decrease in the level of reverse repos, particularly in Europe and North America, and a reduction in holdings of short-dated government securities in Hong Kong after the crisis.
Before and during the crisis derivative ass
sales, on average, that represents profit. SK Energy’s profit margin in 2008 is 1.94%.
6) Fixed Asset Turnover Ratio
Fixed asset turnover ratio measures operating efficiency comparing sales volume with a company’s investment in fixed assets. SK Energy’s fixed asset turnover ratio is 2.39. In 2008, SK Energy was able to generate 2,390 won in revenue for each 1,000 won invested in asset.