Pease review attached files anf check instructions and examples
FinancialAnalysis
Report for
Apple
Company
1
FINANCIAL ANALYSIS REPORT FOR APPLE COMPANY
by (Name)
table of contents ??? Comment by أثير: You have to write down
The ratio selection should be from all the categories (Liquidity, profitability, efficiency and gearing).
You should use minimum of( eight ratios) from all the categories to perform financial analysis of your chosen company. You should demonstrate your understanding of connecting different ratio results, for example, decline in profitability could effect liquidity and gearing ratios of a company. Comment by أثير: Please be sure you include all of requirements
Do not forget to provide minimum 8 rations
Put all of your calculations in Appendix as part of the evaluation (10%)
Financial Analysis Report for Apple Company
Introduction
This report examines the financial performance of the Apple company as one of the top technology companies in the world. By considering its financial status, the report will look at select financial ratios comparatively and thus a determination of its indicators against others in the industry. By considering history from financial statements, this report will account for positioning in a way that would give informed insight into the profitability and reliability of the company for investment and future planning. The aim is to understand the financial position in a manner that is.
The biggest competitors of Apple in the U.S are
Dell
Technologies Inc,
Super Micro Computer
Inc, and
Omnicell
, Inc. Therefore, company positioning is as important as its value from the perspective of the electronics industry under class
3
5 of Industrial and Commercial Machinery and Computer Equipment (ReadyRatios 2022). Apple is reputationally sound but also faces its challenges. The fact that there are problematic issues with the “Right to Repair Movement”, it is likely that disgruntlement over investment and financial standing is one of the delicately important tools to back an investment.
Financial Analysis
Performance
–
wise, Apple is averagely consistent over the years. However, as shown in the graph below, there has been a relatively poor financial performance from 2017 to 201
9
generally.
Figure 1: Financial position and performance history (Source:
https://www.readyratios.com/sec/AAPL_apple-inc
?)
LIQUIDITY RATIOS
The main intention of the liquidity ratios is for the provision of information about Apple’s ability to meet its financial obligations in the short term. In realization of this, these ratios allow determination of immediate needs and capability for meeting those needs without external help.
Current Ratio
s show the company’s capability to have proper cash flow and available finances within the company that can be freed is an important element to determine their ability to pay their debts. At the same time, it allows for the determination of the ability of the company to pay for cropping expenses, therefore, looking at current ratios and operating cash flows to current liabilities allows for an insight into its liquidity.
Figure 2:Current ratio of Apple Compared to Industry
The current ratio as shown in the graph indicates a lack of correlation between the market and Apple’s performance. Apple’s performance shows a declining trend after catching up to the industrial market in 2018.
Operating Cash Flow to
Current Liabilities
is the ratio that gives an insight into the amount of cash within the company that could easily be directed to operations because of existing liabilities. As such, it is given by taking the quotient of cash flow from operations to current liabilities and calculating for the four years.
Figure 3:
The graph shows that between 2018 to 2020 saw a relatively stable and improving operating cash flow to current liabilities for Apple. However, there was a decline approaching 2020 marking the company levelling at market average. It can whether the challenges and pay it liabilities but almost barely.
Profitability Ratios
The indication of the success of company management can be determined by understanding the general profit of the company. Therefore, in this calculation, the essential calculations are to look at the return on capital employed (
ROCE
in percentage), the net profit margin, the gross profit margin, the operating profit margin, the return on equity, and the cash return on capital employed. This is to help in looking at the overall profitability in comparison with different companies in the same industry hence profitability positioning determinately in the last three years.
Gross
Profit Margin
is attained from the net sales, revenue, and cost of goods, and given is given by the difference between net sales and cost of goods sold. Therefore, in four years starting from 2018 to 2021, the gross profit is calculated as shown in the table below. The table shows that the profit margin was stable for three years and shows an increment in 2021 by 4%.
Figure 4:
From the graph, the gross profit margins averaged by industry are shown to be lower than the trend of Apple. This indicates that the Apple company’s performance is above average at best with the current indicators in terms of profitability. It indicates that Apple has a competitive advantage within the market despite the lowering general trend observed from 2018.
Net Profit Margin
is a comparative ratio that looks at the profits of the business in comparison to its expenses. This consideration aims to comprehend the ability of Apple to manage its expenses while still maintaining a profit (Nariswari & Nugraha 2020). It, therefore, is calculated as the percentage ratio of net profit to total revenue.
Figure 5: Comparative Analysis of Apple Net Profit with Market Averages
Noting that there was a decrease consecutively from 2018 to 2020, the company shows a relative stability trend with the market despite being below-average performance. This indicates that the company can effectively provide goods and services at a controlled cost with well-balanced management. However, it also points out the fact that the cost of eventual product would be higher than average in the market putting its at edge with its competitors.
Operating Profit Margin
considers the operating activities of the company, the operating profit can be gotten by the difference between the gross profit and the operating expense which can also be found as the percentage ratio of operating income to the net sales as shown for the four years of Apple below.
Figure 6: Operating Profit Margin
The graph indicates that there was a decline in three years from 2018 to 2020 which shifted to a rise in its performance but the company still retained a high performance overall. At a margin of a little more than 21%, the company is in the lead over the average electronic competitors a testament to its investment potential attributed to its brand reputation and high market demand for its products.
Return on
Capital Employed
accounts for profitability measures that are not limited to only one form of calculation. To understand all facets of the company’s performance, this financial ratio looks at all its capital comparatively to define its strengths (Singh &Yadav 2013). It is a long-term profitability measure that is defined by the ratio of
EBIT
to Capital Employed as calculated in the table below. Comment by أثير: You have to mention all of companies not just Apple then represent them as bar charts and put your calculations and table in Appendix
ROCE = EBIT /Capital Employed
Where the Capital Employed =
Total Assets
– Current Liabilities
|
Financial Items |
2021 |
2020 |
20 19 |
2018 |
|||||||
| Total Assets |
351,002.00 |
323,888 .00 |
338,516 .00 |
365,725 .00 |
|||||||
|
Current Liabilities |
125,481.00 |
105,392 .00 |
105,718 .00 |
115,929.00 |
|||||||
| Capital Employed |
225,521.00 |
218,4 96 .00 |
232,798.00 |
2 49 ,796.00 |
|||||||
| EBIT |
109,207.00 |
67 ,091.00 |
65,737 .00 |
72,903 .00 |
|||||||
| ROCE |
0.48 |
0.31 |
0.28 |
0.29 |
|||||||
|
48% |
31% |
28% |
29% |
Looking at the cumulative four years, 2021 was the year that the ROCE of the company peaked. There was a slight reduction of 1% in 2019 which the company recorded with a better performance in 2020. The trend of success has been held for two consecutive years with a higher increase of 17%. The consistency that Apple shows in the growth of its ROCE show that it can reinvest in itself and thus a trait that would attract investors more. This value shows a high-performing company with high expectations and thus a promising future. At a comparison of 10.9%, 9.9%, and 9.3% from 2018 to 2020, we can see that Apple has had a consistent trend of excellent performance throughout the four years (Statista 2022).
Return on Equity
is a simplistic way of measuring the investment returns and thus pinpointing Apple’s competitive advantage when compared to its competitors within the same technology industry.
Figure 7: Return on Equity
As the ratio of net income to shareholders equity, it is clear that Appel is above the average and one of the best in its field. There is a positive margin of more than 81% putting it at the pinnacle of the best performing company. Following its high reputation and high net profit performance, the investors and shareholders can be satisfied with the generation of profits from its capital. It offers a chance to recognize that the company has more room to grow comfortably within this industry and way ahead of its competitors.
Cash Return on Capital Employed looks at cash returns when it comes to profitability considers the capital investment. Therefore, cash return on capital employed is given by the ratio of EBIT to capital investment which can also be given as the percentage ratio of cash return to capital employed (Kenton, Kindness, & Munichiello 2021). Comment by أثير: Mention all of companies and represent them as bar charts
Cash Return on Capital Invested = EBITDA / Capital Invested or Total
Equity
Value
|
Financial Items |
||||
| Equity |
63 ,090.00 |
65,339 .00 |
90,488 .00 |
107,147 .00 |
|
0.30 |
0.39 |
0.43 |
Apple company shows a consistently reducing CROCE with the peak seen in 2018. The trend is worrying on some level as it points to a need for better management and prioritization on profitability.
Efficiency Ratios
Several efficiency ratios look at the company’s ability to be productive as well as it is proper utilization of resources. It looks at the inventory, receivable, and payable turnovers as
Gearing Ratios
Debt
to Equity Ratio
This ratio is a determination of the long-term solvency of Apple to indicate its financial policies in a way that would assure longevity and thus soundness of its existence. As such increasing ratio indicates a growing difficulty in the company that shows increasing challenges.
shown in the table below using the formulas:
Inventory Turnover = Cost of Goods Sold ÷ Inventory
Receivables
turnover = Net Credit Sales / Accounts Receivable
Payables Turnover = Net Credit Purchases / Accounts Payable
Comparatively, looking at its competitors in 2021, The interest cover ratio of Super Micro Computer was the highest performing. Apple needs to work on reduction of its turnover with Super Micro Computer proving again to be the best in this area. However, when it comes to the profitability ratios, Apple is the best with Omnicell coming on top in gross margin. However, Apple has eth loyalty of the brand to retain its market despite the high cost of the products as a result. Dell is the least performing competitor among the two with the highest debt ratio of
0.93
.
Conclusion
Categorical analysis of the company capability is essential for conclusive justification through transparency and balance attainment hence a benchmark over which decisions can easily be made with informed justifications. The liquidity, profitability, investor, gearing, and efficiency defined by this report are evaluative and thus informative in-depth and, in the company’s, analytical positioning. There are more successes than potential failures in the company and thus a good investing opportunity. However, there is a need for management to determine a better strategy on which to cut costs and solve long-term debt payment which is the ratio that lags.
References
ReadyRatios. 2022. Apple Inc. (AAPL) financial analysis and rating. IFRS financial reporting and analysis software. Retrieved from https://www.readyratios.com/sec/AAPL_apple-inc?
References
CFAJournal, 2022. Average Profit Margin by Industry (Explanation and Examples) – CFAJournal. [online] Available at: <
Average Profit Margin by Industry (Explanation and Examples)
>
Kenton, W., Kindness, D., and Munichiello, K., 2021. Cash Return on Capital Invested (CROCI). Investopedia. Available at: <
https://www.investopedia.com/terms/c/croci.asp
>
Nariswari, T.N. and Nugraha, N.M., 2020. Profit Growth: Impact of Net Profit Margin, Gross Profit Margin, and Total Assets Turnover. International Journal of Finance & Banking Studies (2147-4486), 9(4), pp.
87
-96.
Sather, A., 2021. Average Operating (EBIT) Margin by Industry – 20 Years of Data [S&P
50
0]. Available at: <
Average Operating (EBIT) Margin by Industry – 22 Years of Data [S&P 500]
>
Singh, J. and Yadav, P., 2013. Return on Capital Employed-A Tool for Analyzing Profitability of Companies. International Journal of Techno-Management Research, 1
(1)
, pp.1-13.
Statista Research Department, 2022. ROE in the technology and telecommunications sector in Europe 2019-2021, by industry. Available at: <
https://www.statista.com/statistics/104
40
49/return-on-equity-in-the-technology-and-telecommunications-in-europe/
>
Statista, 2022. Global technology industry: return on employed capital from 2007 to 2020. Available at:
https://www.statista.com/statistics/
78
77
30/worldwide-technology-industry-return-on-capital-employed/
Appendices
COMPETITORS COMPARISON DATA
|
Industrial Benchmark |
Apple | Dell | Super Micro Computer | Omnicell | |||
|
Debt Ratio |
0.52 |
0.8 1 |
0.93 |
0.44 |
0.47 |
||
| Debt to Equity Ratio |
0.99 |
4.36 |
15.28 |
0.78 |
0.89 |
||
|
Interest Coverage Ratio |
1.51 |
28. 42 |
2.54 |
38. 83 |
19.38 |
||
| Current Ratio |
2.1 4 |
1.16 |
0.80 |
2.29 |
3 | ||
| Profit Margin |
1. 6% |
21.7% |
3.4% |
2.7% |
3.6% |
||
|
Cash Ratio |
0.58% |
0.47% |
1.76% |
||||
| Return on Equity |
0.6% |
81.9% |
60 . 5% |
8.5% |
3.5% |
||
|
Return on Assets |
18.4% |
4.8% |
2.1% |
||||
|
Asset Turnover (days) |
555 |
432 |
471 |
208 |
629 |
||
|
Receivables Turnover (days) |
67 |
61 |
69 |
40 |
84 |
||
|
Gross margin |
32.8% |
38.8% |
31.2% |
16% |
46.3% |
||
|
Operating Margin |
3.8% |
26.3% |
6.4% |
||||
|
Inventory Turnover (days) |
96 | 9 | 19 |
101 |
78 |
FINANCIAL RATIO DATAApple Finacial Ratios 2021-2017
Source:
https://www.macrotrends.net/stocks/charts/AAPL/apple/financial-ratios
Dell Finacial Ratios 2021-2017
Source:
https://www.macrotrends.net/stocks/charts/DELL/dell/financial-ratios
Super Micro Computer Inc. Finacial Ratios 2021-2017
Source:
https://www.macrotrends.net/stocks/charts/SMCI/super-micro-computer/financial-ratios
Omnicell Inc. Finacial Ratios 2021-2017
Source:
https://www.macrotrends.net/stocks/charts/OMCL/omnicell/financial-ratios
APPLE FINANCIAL STATEMENTS
|
12/31/2020 TTM |
9/30/2020 |
9/30/2019 |
9/30/2018 |
9/30/2017 |
9/30/2016 |
9/30/2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
ASSETS |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Current Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash, cash equivalents, and short-term investments |
76,826 |
90,943 |
100,557 |
25,913 |
74,181 |
67,155 |
41,601 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash and cash equivalents |
36,010 |
38,016 |
48,844 |
20,289 |
20,484 |
21,120 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Short-term investments |
40,816 |
52,927 |
51,713 |
53,892 |
46,671 |
20,481 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables |
5 8,620 |
37,445 |
45,804 |
48,995 |
35,673 |
29,299 |
30,343 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Inventory, net of allowances, customer advances and progress billings |
4,973 |
4,061 |
4,106 |
3,9 56 |
4,855 |
2,132 |
2,349 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Inventory |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deferred tax assets |
✕ |
5,546 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other current assets |
13, 68 7 |
11,264 |
12,352 |
12,087 |
13,936 |
8,283 |
9,539 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other undisclosed current assets |
40,388 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total current assets: |
154,106 |
143,713 |
162,819 |
131,339 |
128,645 |
106,869 |
89,378 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Noncurrent Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Property, plant and equipment |
37,933 |
36,766 |
37,378 |
41,304 |
33,783 |
27,010 |
22,471 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-term investments and receivables |
118,745 |
100,887 |
105,341 |
194,714 |
1 70 ,430 |
164,065 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-term investments |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Intangible assets, net (including goodwill) |
8,015 |
8,620 |
9,009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Goodwill |
5,717 |
5,414 |
5,116 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Intangible assets, net (excluding goodwill) |
2,298 |
3,206 |
3,893 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other noncurrent assets |
43,270 |
42,522 |
32,978 |
22,283 |
10,162 |
8,757 |
5, 556 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other undisclosed noncurrent assets |
170,799 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total noncurrent assets: |
199,948 |
180,175 |
175,697 |
234,386 |
246,674 |
214,817 |
201,101 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TOTAL ASSETS: |
354,054 |
323,888 | 338,516 | 365,725 |
375,319 |
321,686 |
290,479 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
LIABILITIES AND EQUITY |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Liabilities |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Accounts payable and accrued liabilities |
63,846 |
42,296 |
46,236 |
55,888 |
74,793 |
59 ,321 |
60,671 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Accounts payable |
49,049 |
37,294 |
35,490 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Accrued liabilities |
25,744 |
22,027 |
25,181 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deferred revenue |
7,395 |
6,643 |
5,522 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt |
12,762 |
13,769 |
16,240 |
20,748 |
18,473 |
11,605 |
10,999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deferred revenue and credits |
7,548 |
8,080 |
8,940 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other liabilities |
48,504 |
42,684 |
37,720 |
32,687 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other undisclosed current liabilities |
7,543 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total current liabilities: |
132,507 |
105,392 | 105,718 |
116,866 |
100,814 |
79,006 |
80,610 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Noncurrent Liabilities |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-term debt and lease obligation |
99,281 |
98,667 |
9 1,807 |
93,735 |
97,207 |
75,427 |
53,463 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-term debt, excluding current maturities |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Liabilities, other than long-term debt |
56,042 |
54,490 |
50,503 |
45,180 |
43,251 |
39,004 |
70,478 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deferred revenue and credits |
2,836 |
2,930 |
3,624 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Accounts payable and accrued liabilities |
9,365 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deferred tax liabilities, net |
24,062 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other liabilities |
40,415 |
36,074 |
33,427 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other undisclosed noncurrent liabilities |
2,797 |
(33,427) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total noncurrent liabilities: |
155,323 |
153,157 |
142,310 |
141,712 |
140,458 |
114,431 |
90,514 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total liabilities: |
287,830 |
258,549 |
248,028 |
258,578 |
241,272 |
193,437 |
171,124 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Stockholders’ equity |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Stockholders’ equity attributable to parent, including: |
66,224 |
65,339 | 90,488 | 107,147 |
134,047 |
128,249 |
119,355 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Accumulated other comprehensive income (loss) |
179 |
(406) |
(584) |
(3,454) |
(150) |
634 |
(345) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Retained earnings |
14,301 |
14,966 |
45,898 |
70,400 |
98,330 |
96,364 |
92,284 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other undisclosed stockholders’ equity attributable to parent |
51,744 |
50,779 |
45,174 |
40,201 |
35,867 |
31,251 |
27,416 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total stockholders’ equity: |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TOTAL LIABILITIES AND EQUITY: |
INCOME STATEMENT (P&L) ($ IN MILLIONS)
| 12/31/2020 | ||||||||||||||
|
Revenues |
294,135 |
274,515 |
260,174 |
265,595 |
229,234 |
215,639 |
233,715 |
|||||||
|
Revenue, net |
||||||||||||||
|
Cost of revenue |
(180,068) |
(169,559) |
(161,782) |
(163,756) |
(141,048) |
(131,376) |
(140,089) |
|||||||
|
Gross profit: |
114,067 |
104,956 |
98,392 |
101,839 |
88,186 |
84,263 |
93,626 |
|||||||
|
Operating expenses |
(39,814) |
(38,668) |
(34,462) |
(30,941) |
(26,842) |
(24,239) |
(22,396) |
|||||||
|
Operating income: |
74,253 |
66,288 |
63,930 |
70,898 |
61,344 |
60,024 |
71,230 |
|||||||
|
Nonoperating income |
499 |
803 |
1,807 |
2,005 |
2,745 |
1,348 |
1,285 |
|||||||
|
Investment income, nonoperating |
3,465 |
3,763 |
4,961 |
5,686 |
5,201 |
3,999 |
2,921 |
|||||||
|
Other nonoperating income (expense) |
(240) |
(87) |
422 |
(441) |
(133) |
(1,195) |
(903) |
|||||||
|
Interest and debt expense |
( 2,726 ) |
( 2,873 ) |
( 3,576 ) |
( 3,240 ) |
( 2,323 ) |
( 1,456 ) |
( 733 ) |
|||||||
|
Income from continuing operations before equity method investments, income taxes: |
72,026 |
64,218 |
62,161 |
69,663 |
61,766 |
59,916 |
71,782 |
|||||||
|
Other undisclosed income from continuing operations before income taxes |
2,726 | 2,873 | 3,576 | 3,240 | 2,323 | 1,456 | 733 | |||||||
|
Income from continuing operations before income taxes: |
74,752 |
67,091 |
65,737 | 72,903 |
64,089 |
61,372 |
72,515 |
|||||||
|
Income tax expense |
(10,822) |
(9,680) |
(10,481) |
(13,372) |
(15,738) |
(15,685) |
(19,121) |
|||||||
|
Net income available to common stockholders, diluted: |
57,411 |
55,256 |
59,531 |
48,351 |
45,687 |
53,394 |
COMPREHENSIVE INCOME ($ IN MILLIONS)
|
Net income: |
||||||
|
Other comprehensive income (loss) |
(1) |
(77) |
979 |
(1,427) |
||
|
Comprehensive income: |
59,530 |
48,274 |
46,666 |
51,967 |
||
|
Other undisclosed comprehensive income (loss), net of tax, attributable to parent |
597 |
42 |
2,781 |
(3,025) |
(707) |
|
|
Comprehensive income, net of tax, attributable to parent: |
64,527 |
57,453 |
58,037 |
56,505 |
47,567 |
Notes
|
Electronic Computers: average industry financial ratios for U.S. listed companies |
||||||||
|
Financial Ratio |
Year |
|||||||
|
2017 |
2016 |
2015 |
||||||
|
Solvency Ratios |
||||||||
|
Debt ratio |
0.45 |
0.38 |
0.49 |
0.55 |
||||
|
Debt-to-equity ratio |
0.83 |
0.64 |
0.72 |
0.82 |
0.96 |
|||
|
Interest coverage ratio |
10.96 |
8.97 |
-2.25 |
-21.39 |
19.51 |
99.93 |
||
|
Liquidity Ratios |
||||||||
| 2.1 |
1.82 |
1.62 |
1.85 |
1.88 |
1.83 |
|||
|
Quick Ratio |
1.02 |
1.44 |
1.29 |
1.11 |
1.18 |
1.19 |
||
|
0.51 |
0.56 |
0.8 | ||||||
|
Profitability Ratios |
||||||||
|
Profit margin |
3.10% |
3.50% |
-3% |
-0.90% |
2.70% |
4.40% |
||
|
ROE (Return on equity), after tax |
6% |
5.50% |
-5.70% |
-2.10% |
8.90% |
7.50% |
||
|
ROA (Return on assets) |
2.40% |
2.80% |
-2.50% |
-0.50% |
5% |
5.10% |
||
|
35.20% |
35.60% |
38.30% |
38.50% |
39% |
40.10% |
|||
|
Operating margin (Return on sales) |
-1.70% |
-8.10% |
1.60% |
6.60% |
||||
|
Activity Ratios |
||||||||
|
Asset turnover (days) |
417 |
439 |
475 |
556 |
282 |
309 |
||
|
Receivables turnover (days) |
68 | 70 | 77 | 87 | 59 | 63 | ||
|
Inventory turnover (days) |
83 | 50 | 49 | 56 | 60 | |||
|
Price Ratios |
||||||||
|
Dividend Payout Ratio |
– |
0.23 |
0.15 |
0.01 |
-0.82 |
|||
|
https://www.readyratios.com/sec/industry/3571/ |
Current Ratio
Industry Average/Benchmark 2020 2019 2018 2017 3.1E-2 2.7E-2 -1.7000000000000001E-2 -8.1000000000000003E-2 Apple 2020 2019 2018 2017 0.24149999999999999 0.2457 0.26690000000000003 0.2676
Operating Cash Flow to Current Liabilities
Industry Average/Benchmark 2020 2019 2018 2017 0.55000000000000004 0.51 0.56000000000000005 0.8 Apple 2020 2019 2018 2017 0.56000000000000005 0.63 0.60499999999999998 0.60699999999999998
Gross Profit Margin
Industry Average/Benchmark 2020 2019 2018 2017 0.35199999999999998 0.35599999999999998 0.38300000000000001 0.38500000000000001 Apple 2020 2019 2018 2017 0.36230000000000001 0.37819999999999998 0.38340000000000002 0.38469999999999999
Net Profit Margin
Industry Average/Benchmark 2020 2019 2018 2017 0.35199999999999998 0.35599999999999998 0.38300000000000001 0.38500000000000001 Apple 2020 2019 2018 2017 0.20910000000000001 0.21240000000000001 0.22409999999999999 0.2109
Operating Profit Margin
Industry Average/Benchmark 2020 2019 2018 2017 3.1E-2 2.7E-2 -1.7000000000000001E-2 -8.1000000000000003E-2 Apple 2020 2019 2018 2017 0.24149999999999999 0.2457 0.26690000000000003 0.2676
Return On Equity
Industry Average/Benchmark 2020 2019 2018 2017 0.06 5.5E-2 -5.7000000000000002E-2 -2.1000000000000001E-2 Apple 2020 2019 20 18 2017 0.87870000000000004 0.61060000000000003 0.55559999999999998 0.36070000000000002
Debt to Equity Ratio
Industry Average/Benchmark 2020 2019 2018 2017 0.06 5.5E-2 -5.7000000000000002E-2 -2.1000000000000001E-2 Apple 2020 2019 2018 2017 0.87870000000000004 0.61060000000000003 0.55559999999999998 0.36070000000000002
Competoitors Comparisons
Debt Ratio Industrial Benchmark Apple Dell Super Micro Computer Omnicell 0.52 0.81 0.93 0.44 0.47 Debt to Equity Ratio Industrial Benchmark Apple Dell Super Micro Computer Omnicell 0.99 4.3600000000000003 15.28 0.78 0.89 Interest Coverage Ratio Industrial Benchmark Apple Dell Super Micro Computer Omnicell 1.51 28.42 2.54 38.83 19.38 Current Ratio Industrial Benchmark Apple Dell Super Micro Computer Omnicell 2.14 1.1599999999999999 0.8 2.29 3
