FinancialStatementAnalysis OfTheCoca ColaCompany Membersofourgroup Wehave12membersinourgroup Theyare 曹斯烨何杭珂乐卓羚 datacollecting 费涛韩超凡郑东华龙晴朱宁峰 dataanalysis 沈颖鲍银盈诸葛霖楼何英 PPTmaker Presentationismadeby 曹斯烨 龙晴 诸葛霖 BriefIntroductionofthecompany Coca ColaCompanywasestablishedin1892andheadquarteredinAtlanta UnitedStates With48 oftheglobalmarketshareandtheownershipoftwoofthetopthreedrinks Coca Cola PepsiCola DietCoke intheworld Itisoneoftheworld slargestbeveragecompanies BriefIntroductionofthecompany TheCoca ColaCompanyistheworld slargestbeveragedistributors 饮料销售商 Itkeepsover500kindsofdrinksbrands includingsoftdrinks sportsdrinks dairydrinks fruitjuices teaandcoffee fruitjuice inover200countries ItcanbesaidthattheproductsofCoca Colaisbeingpurchasedineverycorneramongtheworld BalanceSheet Financialstatements BalanceSheet IncomeStatement CashFlow GeneralTendency Totalassets totaldebtanddebttoassetskeepinaraisingtendency GeneralTendency OperatingCash inwaskeepingraisingduringthepast3yearsandtheinvestingandfinancingCash outstaysstable GeneralTendency Therevenueduringthepast3yearswasfluctuating Butthenetincomeandprofitmarginkeptraising Sotheprofitabilityofthecompanywasraisingduringthepast3years Revenue Totalrevenuesofeachyearfrom2008to2010 inmillionsofUSD Totalrevenuefromsalesin2010isthehighestamongthe3years Sointheyearof2010 salesofthecompanywasprefect itwasagoodyearforthecompany Revenue TotalRevenueofthethreeyears PepsiVSCoca ButcomparedwiththePepsiCompany wefoundthatrevenuefromsales amongthesethreeyears ofPepsicompanyallexceedtheCocaCompany TherevenuedataofPepsiwasmorestableandmoreabletoincrease SowecanconcludethatproblemscanbefoundintheoperatingoftheCocacompany Verticalanalysis Verticalanalysis Assets In2010 Cocacolacompany spercentageofflowassetis21 4 butPepsicompany spercentageofflowassetsis22 9 Thegreaterpercentageofflowassetsintotalassetsstandsforgreateroperatingofthecompany soPepsicompany soperatingin2010wasgreaterthanCocaCola Liabilities Theratiooftotalliabilitiesdividedbytotalequityis1 35ofCocaColacompanyin2010 thisshowthatthiscompanyhasfullabilitytopayliabilities andit ssafeforinvestorstoinvest Pepsicompanyofthisratiois0 74 muchlowerthanCocaColacompany soitwassaferforinvestorstoinvestCocaColathanPepsicompany Asforlongtermliabilitydividedbytotalequity Pepsicompany sratiowashigherthanCocaColacompany itshowsPepsicompany scashflowwasmorefrequentthanCocaCola butwemustcareaboutPepsicompany soperating AnalysisofratiofromBalanceSheet Horizontalanalysisandcomparing Liquidity Analysistheliquidity Theoperationcapitalisincreasingduringthethreeyears Andstayinthehighlevel noriskofabnormaloperatingcausedfromleakingoperatingcapital Debttototalassetsratioisstayinginaperfectlevel below0 7 bothCocaandPepsi Sonoriskofpaymentoftotalliability Currentratestaysstablebutnotataperfectlevel itwillbeperfectiftherateis2 EquityRatioofCocaisraisingduringthreeyearsbutstayinagoodlevelnear1 2 Duringtherecoveryofeconomy thecompanycangraduallyincreasethisratiotogainmorebenefits TheCashtoCurrentLiabilityRatiooftheCocacompanydecreasedfrom2009to2010andisalittlehigh perfectdatais0 5 Butduringtherecoveryperiodofeconomy isnotabadthingtomovethelosstocreditors TheInventoryTurnoverTermisincreasingfrom2008to2010 sotheliquidityofinventoryisalittledecreasebutstillhigh AccountsReceivableTurnoverRatiostaysstableduringthreeyearsandinahighlevel AllthesecanshowthatthecapitalofCoca Colacompanyisinahighliquiditylevel AnalysistheSolvency SolvencyofShort termliability allabout2010 WecanconcludefromthetablethatfiguresoftheCurrentRateandCashtoCurrentLiabilityRateareallclosetotheperfectdata SotheCoca ColaCompanydoesn thavetotaketheriskinpayingshort termliability Andthedataoftwocompaniesareclosed Solvencyoflong termLiabilities allabout2010 WecanconcludefromthetablethattheCocacompanyhaslowerrateoflong termliability Sotheriskinpayingthelong termliabilityisnone either Analysistheprofitability Perfectdatais0 08 TheROEkeepsraisingfrom0 28intheyearof2008to0 42intheyearof2010 Sotheprofitabilityofthecompanyiskeepingraising Thisalsocanbeseenfromthechartontheleft profitmargin ComparedtoPepsi thecompanyofCoca Colahasthestrongerprofitability AnalysistheCashFlow Cash in2010TotalCash in 161871 Cashfromoperatingactivities TotalCash in 88 3 2 Cashfrominvestingactivities TotalCash in 03 Cashfromfinancingactivities TotalCash in 11 7 2009TotalCash in 116891 Cashfromoperatingactivities TotalCash in 74 9 2 Cashfrominvestingactivities TotalCash in 03 Cashfromfinancingactivities TotalCash in 25 1 Theoperatingcash intake88 3 ofthetotalcash inin2010 itcanconcludethatoperatingactivitiesisthemostimportantpartofthecashflow Andfrom2009to2010 thepartoperatingtakeincreasedfrom74 9 to88 3 Wecanconcludethattheoperatingactivitiesbecamemuchbetter Andinthatcasethefinancebaseofthecompanyisstableandstrong Butthedisadvantagesofthissituationisthatthestructureofthefundsissingle Andifproblemarisetotheoperatingactivities thecompanywillsufferagreatloss Cash out 2010TotalCash out 146911 Cashfromoperatingactivities To