Financial Statement Analyses of Apple

In this project, I will present the financial statement analysis of Apple Company.  The ratios of Apple can help us to understand the status of the company.  We evaluate the current status of Apple’s liquidity using the current ratio, the liquidity ratio, and, the cash ratio. We have also analyzed the performance of apple using several ratios (Bayzid et al., 2020).  We have downloaded the data from Yahoo Finance:

Table 1: Financial Data ( APPLE)

9/29/2019

9/29/2018

9/29/2017

9/29/2016

Total Assets

338,516,000

365,725,000

375,319,000

321,686,000

Total Liabilities Net Minority Interest

248,028,000

258,578,000

241,272,000

193,437,000

Total Equity Gross Minority Interest

90,488,000

107,147,000

134,047,000

128,249,000

Total Capitalization

182,295,000

200,882,000

231,254,000

203,676,000

Common Stock Equity

90,488,000

107,147,000

134,047,000

128,249,000

Net Tangible Assets

90,488,000

107,147,000

126,032,000

119,629,000

Working Capital

57,101,000

14,473,000

27,831,000

27,863,000

Invested Capital

198,535,000

221,630,000

249,727,000

215,281,000

Table 2: Liquidity

Ratio/Year201920182017
Current Ratio1.491.31.3
Quick Ratio1.281.241.44
Cash  Ratio0.950.570.73

The current ratio was 1.3 in 2017 and 2018, but it is increased in 2019 to be 1.49. Quick ratio was 1.44 in 2017, then it is decreased in 2018 to be 1.24 and then increased in 2019 to be 1.28, cash ratio was 0.73 in 2017, then became 0.57 in 2018 and then increased again in 2019 to be 0.95.

Table 3: Activity Ratios of (name of company)

Ratio/Year201920182017
Inventory Turnover40.137.240.4
Receivable  Turnover17.581918
Total Asset Turnover85.804.89

For inventory turnover, it shows that it was 40.4 in 2017 and then decreased to be 37.8 in 2018, then it is increased again to be 40.1 in 2019, for receivable turnover it was 18 in 2017, then it is increased in 2018 to be 19, then it is decreased in 2019 to be 17.58, for total assets it is 4.89 in 2017, then it is increased to be 5.8 in 2018 and also keep increasing in 2019 to be 8 (Almutairi and Nobanee, 2020).

Table 4: Debt  Ratios of (Apple)

Ratio/Year201920182017
Debt Ratio0.950.830.7
Times Interest Earned Ratio0.330.360.37

Table 5: Profitability Ratios of (Apple)

Ratio/Year201920182017
Return on Equity55.9%49.4%36.9%
Return on Assets15.7%16.1%13.9%
    
Profit Margin37.8%38.3%38.5%

CFA 2020 https://www.wallstreetmojo.com/profitability-ratios-formula/

as it shows from the table the return on equity was 36.9% in 2017, then it is increased in 2018 to be 49.4%, then it keeps increasing in 2019 to be 55.9% . for return on assets, it is 13.9%c in 2017, then increased on 2018 to be 16.1 % and it is reduced again in 2019 to be 15.7%, for margin it is 38.5% in 2017, it is reduced in 2018 to be 38.3%, then it is continuing decrease in 2019 to be 37.8% (Bint-Tariq et al, 2020) .

References

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