关于可口可乐公司的财务分析报告(英文版)(最新整理)

1、会计英语期末作业学院：会计学院班级：注会 1328 班姓名：张进军学号：130410830about coca cola co financial analysis reportin the financial analysis of the coca cola cos financial condition, the following is my business analysis report of coca cola co:coca cola co overviewcoca cola company is a major manufacturer of non alcohol beve

2、rage concentrates and syrup, distributor and marketer. its main selling concentrate, water and some finished beverages, bottling and can business, distributors have, authorized more than 400 brands, including coca cola, diet coke, fanta and sprite, andrich and varied diet and soft drinks, water, fru

3、it juice and juice drinks, tea, coffee, as well as energy and sports drinks. in addition, in numerous bottling and cans of enterprise ownership interests. products are in the world all geographic areas.coca cola advantage in europe particularly strong, market share reached 50%, in japan, coca cola c

4、ontrol 80% of sales. in 1990, the companys total profits, from japans profits accounted for 21%, europe accounted for33 percent and other international market a total of 26%. the company is world 500 strong enterprises.coca cola 3 manufacturing, distribution and concentration and fruit drinks, coca

5、cola products it is from and coca cola two kinds of plant leaves and fruits removed a drink made from juice. as a major sector of the company the fizzy drink every year sales accounted for the companys total sales amount 80% of the carbonated beverage products accounted for 88% of the total profits

6、of the company. coca cola company in the united states is the coca cola companys largest vendors; the company food manufacturing and sales of frozen, concentrated citrusand various kinds of fruit juice, lemon crystal, coffee and tea. liquor production and sales of various brands of wine, mainly sold

7、 in the domestic market, is the fourth largest liquor production and sales; the company also produces plastic film and other consumer products such as deodorant, wet towel paper.coca cola early in 1927 is in tianjin, china, shanghai, the establishment of a bottling plant, 1979 with chinas reform and

8、 opening up and return to the chinese market, since 1981 has in beijing, dalian, nanjing and xian wuhan, hangzhou, guangzhou and other places established joint venture bottling companies, and in 1988 in shanghai to establish the coca cola concentrate plant, in addition to use to get rid of imported

9、concentrate bottling plants in mainland china, but also exported to southeast asia.the calculation index of coca cola co financial statementsthe following is my online search to the coca cola coin 2006 report(1) coca-cola parent company consolidated income statement(2) coca-cola parent company conso

10、lidated balance sheet(3) coca-cola parent company consolidated cash flow statementthrough the above statements to draw the following conclusions:net sales =total assets turnover = sales / total assets =24088 / 29963=80.39%total assets = net interest ratethe financial analysis of coca cola cofrom the

11、 above chart can be seen in the overall performance of the coca cola co is quite good, mainly reflected in the following aspects:(1) sales21.52120.52019.520.619.8销售额21.42004 2006 - coca cola co sales according to the box calculation (unit: 1 billion cases)1920042005200619.820.621.4first in sales it

12、continues to maintain the growth momentum in 52 years, an increase of 4%, but also to achieve the companys long-term growth targets for the expected high levels; and to achieve balanced growth, including steam drink in teu terms grew by 4%, the highest growth since 1998; do not contain steam drink b

13、y teus, an increase of 7%.(2) sales revenue and sales profitsales revenue increased 4% to $24 billion 100 million, while sales profits increased by 4%2004 coca cola co sales revenue (millions of dollars)25,00024,08824,00023,10423,00022,00021,00021,74220,000200420052006销售收入21,74223,10424,0882004 coca

14、 cola co sales profit (million dollars)6400620060005800560054005200630860855698200420052006销售利润569860856308(3) comparison with the industrythe analysis of coca-cola when its rival pepsi is always not open around the topic.on december 12, 2005, coca cola stock market capitalization was first over riv

15、al pepsi, thus lost maintained for more than a century long coke king title. in this day pepsi completed its to the coca cola after a hundred years.we have to look at the 2006 pepsi financial situation:20062005growth rate(in millions except per share data)sales revenue$35,137$32,5628%sales profit$6,

16、439$5,922 9%net sales$5,065$4,536 12%net income per share$3.00$2.66 13%net cash flows from operating activities $6,084$5,8524%payment of dividends13%$1,854$1,642stock repurchase$3,000$3,012then, let us look at the other 06 years coca cola co financial performance.by the end of december 31, 200620062

17、005growth rate(in millions except per share data)sales revenue$ 24,088$ 23,1044%sales profit$ 6,308$ 6,0854%net sales$ 5,080$4,8724%net income per share$ 2.161$2.0426%net cash flows from operating activities$ 5,957$ 6,423-7%payment of dividends$ 2,911$ 2,6789% stock repurchase$ 2,474$ 2,01923%from t

18、he perspective of profit and sales volume, growth in 2006 pepsi group more robust. and generated from operating activities net cash flow has a rising trend. all data comparison shows that, pepsicos operating status compared to the coca cola company is more outstanding.excellent performance is also r

19、eflected in the stock price, as of june 8th, pepsicos closing price of coca-cola $66.61, the closing price of $51.67.coca cola has for its conservative strategy paid a heavy price. and pepsi cola is in diversification made great success. in the consumer especially young generation have from sugary d

20、rinks to the era of more functional health beverage, pepsi is the first to seize the opportunities in transition. in addition to the flagship cola, pepsi has spared no effort to promote the gatorade sports drinks, tropicana juice, aquafina bottled water, frito lay snack foods and quaker oatmeal dive

21、rsifiedproducts.it is worth mentioning is that mergers and acquisitions have become a major tool for rapid expansion of pepsi, and this is considered to be a coca cola hemmed in by the primary reason for 2001 purchase of quaker, a food industry giant, is pepsis greatest success, the company not only

22、 by the gatorade brand high gold content, but also increase the share of non carbonated drinks in the market. at the same time, pepsis convenience food business scale in one fell swoop expansion.at present, the pepsi more than half of the sales revenue from snack foods, including coke, soft drink sa

23、les revenue only accounted for less than 20%. in contrast is, coca cola now more than 80% of the income still rely on soft drinks, which cola sales accounted for the vast majority.(four) the financial evaluation of the coca cola co(1) the financial situation of enterprisesis short-term operating com

24、panies, enterprises can be maintained, does not depend entirely on whether the profit, depending on whether there is sufficient cash flow. for the stable operation of enterprises, its accounts receivable, payable accounts receivable and inventory will keep stable, so operating activities generated c

25、ash flow net should generally be greater than net profit. although enterprises at present, the comprehensive budget management in veiled criticism, but 90 percent of the worlds top 500 enterprises of enterprises have established comprehensive budget management system.budget management system is the

26、core of the cash flow budget preparation and accurate cash flow budget can be for enterprises to provide early warning signals, which enables the operator to be able to take early measures. in order to accurately prepare cash flow budget, the enterprise should be the specific objectives to be aggreg

27、ated, and would be expected future earnings, cash flow, financial situation and investment plans in the form of a number of quantization and express them. at the same time, for future cash payments to week, month, season, six months or a year for the forecast period, the establishment of rolling cas

28、h flow budget and find the key factors of influencing enterprise cash flow. at the same time, the use sensitivity analysis to develop dynamic cash flowbudget, to be to change the pattern of the market.the solvency of short-term debtwe can conclude that the current cash flow rate and debt rate figure

29、s are close to perfect data. therefore, the coca cola co will not take the risk of short-term debt and pay off the two companies.enterprise financial risk in financial performance are: shortage of cash flow, enterprises can not be timely pay the due debt, sales of non normal decline, cash is greatly

30、 decreased and accounts receivable greatly rise, abnormal financial ratios, such as asset turnover rate is greatly reduced, assets and liabilities rate increased to a great extent and so on. through the analysis of some amount of financial indicators, such as solvency indicators, profitability index

31、 analysis can determine the size enterprises are facing the financial risk.the long-term solvency liabilitieslong-term debt paying ability mainly includes the asset liability ratio, especially the tangible assets and liabilities rate, equity ratio, has been the times interest earned ratio etc. = tot

32、al liabilities / tangible assets total tangible assets and liabilities rate, the smaller the ratio, shows that the enterprises long-term debt paying ability is stronger.property debt ratio = total volume / total owners equity, reflecting the owners rights and interests of creditors rights guarantee

33、degree, the value is lower show the enterprises long-term debt paying ability is stronger. earned interest ratio = ebit / interest expense, the index can reflect the profitability of debt payment guarantee degree, usually cases has been interest earned ratio is higher and higher, indicating that ent

34、erprises for debt repayment guarantee process the higher the degree.从 in the table we can conclude that the coca cola co long-term debt rate is relatively low. therefore, the risk of long- term debt payment or not.overall its net assets income rate has been stable at a high level. it is mainly becau

35、se sales net interest rates higher and asset turnover speed faster, which indicated that the characteristics of the industry to have a higher profit margin, the strong brand and marketing strategy to improve asset turnover rate. in addition, the use of higher financial leverage multiplier to increas

36、e its profitability.debt according to the deadline can be divided into long, short. in comparison, the cost of long-term debt high and low risk; cost of short-term debt is low and the risk is high. if enterprises pursue the low cost should choose short-term debt; if the pursuit of low - risk should

37、choose long-term debt. how to properly arrange the maturity structure of debt for enterprises to reduce costs and risk control is very important. enterprises can initially established the debt scale, first according to the normal combination of financing debt will be divided into long, short term. c

38、urrent assets of enterprises funds needed through the short-term debt to raise, long-term assets required funds through long-term liabilities and its ownfunds to raise.then the quick ratio, cash ratio to evaluate short-term solvency of enterprises; using the rate of assets and liabilities and equity

39、 ratio to evaluate the long-term debt paying ability, which can be seen whether present as determined by the term structure lowered the solvency of enterprises. if the current structure makes the debt paying ability is too low, the financial risk is too large, the tendency to use conservative combin

40、ation of financing, that is to say, the use of long-term liabilities; on the contrary, the adventure of the financing mix, that is to say, the use of short-term debt.(2) the profitability of the companyprofitability index mainly includes the rate of return on total assets, net assets income rate. ra

41、te of return on total assets = (total profit + interest payments) / average total assets, and the higher the ratio show that enterprise asset utilization efficiency better. rate of return on net assets is index to reflect its own funds investment income level. the index is the core of enterprise pro

42、fitability index. = netincome / average net assets rate of return on net assets, the higher the ratio of institutional investors, creditor protection degree higher.particular year201020092008categoryde liciou spsipede liciou spsipede liciou spsipereturn on.0.0.assets423330412835from the persp

43、ective of profit and sales volume, growth in 2006 pepsi group more robust. and generated from operating activities net cash flow has a rising trend. all data comparison shows that, pepsicos operating status compared to the coca cola company is more outstanding.(3) the development of enterprises1 mar

44、ket sharein terms of market share, coca cola company has four brands of soft drinks in the world top five in china.soft drinks as the core industry of the coca cola company has a clear positioning. in addition to the outstanding performance in carbonated beverages, in the world, coke cola and occupi

45、es the orange juice beverage sales in the first; sports drinks sales ranked second; drinking water ranked third.coca cola global differences in layout makes the sales can maintain stable growth. 73% of the coke cola sales from in outside north america region in 2006 growth momentum strong area mainl

46、y in brazil, china, mexico, the middle east, north africa and west africa, and russia and turkey and the european market remained stable, the growing trend in india and japan make up the poor performance of the philippines and the unitedstates market.1.501.001.121.000.50每股红利1.24the dividend per shar

47、e0.002004200520061.001.121.24coke cola company throughout the year to achieve earnings per share of $2.16, an increase of 6%, and non often project effects into consideration, earnings per share for $2.37, rose 9%. total return to shareholders of 23%, more than the dow jones industrial average and t

48、he standard & poors 500 average.we in the analysis of enterprise financial crisis to the operating capacity analysis is essential, often for a good operation ability will appear the probability of financial crisis is much lower, but if its operating ability is poor enterprises financial crisis almos

49、t unavoidable. in the analysis of the relationship between the two of them we often come from the main business cash earnings rate, per shareoperating cash flow, and other indicators of.main business cash earnings rate = operating activities generated net cash flow / main business income. from the i

50、ndex expressions can clearly see the index mainly reflects the main business income generated from operating activities net cash flow accounts for the proportion of the sales of enterprise products received strength to force. sales ability strong and the weak, company profit ability strong and the w

51、eak are and enterprise whether there financial crisis is closely related to the.in considering the operating cash flow indicators and the financial crisis, we also often use operating cash flow per share this indicator, operating cash flow per share = (operating activities net cash flow - preferred

52、stock dividends) / issue in the number of shares of common stock.through the analysis of the indicators we can explicitly as earnings per share of the payment guarantee cash flow. the index is only maintained at a reasonable level. it does not make shareholders to lose confidence in the company.(fiv

53、e) the coca cola cos financial advicefinancial risk as a signal that can reflect the comprehensive enterprise management status, enterprise managers require regular financial analysis, financial risk prevention, the establishment of early warning analysis index system, adopt the feasible financial r

54、isk strategy.about the problem of operating expenses:the above table tells us, from 2009 to 2010 operating expenses increased by about 17%, revenue increased by only 3%. therefore, i think that the coca cola co should pay more attention to the operating expenses, reduce operating expenses.statistical data shows that from 2005 began, due to the enhancement of health consciousness of consumers in north america, to buy water, sports drinks, juice, more and morepeople, with coca cola, pepsi cola for carbonated beverage market annual sales representatives appeared decades to the first dow