맨체스터 유나이티드에 관한 재무분석

소개글

맨체스터 유나이티드에 관한 재무분석에 대한 보고서 자료입니다.

목차

The name of company

Analysing ways

Ratio analysis

1. Profitability ratios

2. Efficiency and effectiveness

3. Liquidity Ratios

4. Investor Ratios

Conclusion

* Assignment B

Main resource of revenue

Strong points

Weak points

Outlook in the future

본문내용

The fixed asset turnover represent how many times fixed assets changed over the period effectively (The course book of Accounting and Finance,p65).In general, the higher figure means the better efficiency in using fixed assets. In the lower fixed asset turnover, it indicates the inefficiency in using fixed assets or that a company invested large sums in fixed assets.The ratio of Manchester Utd plc increased from 0.68 times in 2002 to 0.94 times in 2003. It means the fixed assets in 2003 decreased by 29,898,000 over the previous year while its sales increased. In particular, intangible assets show a sharp drop from 82,209,000 in 2002 to 55,299,000 in 2003. Costs and amortization of players’ registrations could affect the decrease of intangible assets in 2003. Of course, intangible assets are a controversial issue in financial reports (Michael Stead,1995, p307). However, intangible assets are one of the important factors for Manchester Utd Plc.
2)Debtor collection period
Formulae : Trade Debtors/Credit Sales x 365
2003 : 14,255/173,001 x 365 = 30.07 days
2002 : 20,617/146,062 x 365 = 51.52 days
*Note: These figures come from consolidated P/L and note16 in financial statements.
Newcastle plc (2003): 7,928/96,449 x 365 = 30 days
*Note: These figures come from group P/L.
This ratio shows how long it takes for creditor to receive money
from debtors (Eddie McLaney & Peter Atrill, 2002, p206). The debtor collection period of Manchester Utd plc in 2003 was better over the previous year. The debtor collection period of Manchester Utd plc in 2003 was nearly same as that of Newcastle in 2003. In Manchester Utd plc case, debtor collection period in 2003 was 30.07 days, whereas the ratio in 2002 was 51.52days. It means Manchester Utd

키워드

Manchester,   analysis,   financial ratio,   기업,   재무분석,   회계