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1、Financial Statement Analysis,Of The Coca-Cola Company,讲解：XX,2,2021/3/10,Members of our group,We have 12 members in our group. They are:曹斯烨 何杭珂 乐卓羚(data collecting)费涛 韩超凡 郑东华 龙晴 朱宁峰（data analysis ） 沈颖 鲍银盈 诸葛霖 楼何英(PPT maker)Presentation is made by:曹斯烨 ，龙晴, 诸葛霖,讲解：XX,3,2021/3/10,Brief Introduction of t
2、he company,Coca-Cola Company was established in 1892 and headquartered in Atlanta, United States. With 48% of the global market share and the ownership of two of the top three drinks (Coca-Cola, Pepsi Cola, Diet Coke ) in the world, It is one of the worlds largest beverage companies.,讲解：XX,4,2021/3/
3、10,Brief Introduction of the company,The Coca-Cola Company is the worlds largest beverage distributors(饮料销售商). It keeps over 500 kinds of drinks brands (including soft drinks, sports drinks, dairy drinks, fruit juices, tea and coffee, fruit juice) in over 200 countries. It can be said that the produ
4、cts of Coca-Cola is being purchased in every corner among the world.,讲解：XX,5,2021/3/10,Balance Sheet,Financial statements,讲解：XX,6,2021/3/10,Balance Sheet,讲解：XX,7,2021/3/10,Income Statement,讲解：XX,8,2021/3/10,Cash Flow,讲解：XX,9,2021/3/10,General Tendency,Total assets，total debt and debt to assets keep
5、in a raising tendency.,讲解：XX,10,2021/3/10,General Tendency,Operating Cash-in was keeping raising during the past 3 years and the investing and financing Cash-out stays stable.,讲解：XX,11,2021/3/10,General Tendency,The revenue during the past 3 years was fluctuating. But the net income and profit margi
6、n kept raising. So the profitability of the company was raising during the past 3 years.,讲解：XX,12,2021/3/10,Revenue,Total revenues of each year from 2008 to 2010. (in millions of USD),Total revenue from sales in 2010 is the highest among the 3years. So in the year of 2010, sales of the company was p
7、refect, it was a good year for the company.,讲解：XX,13,2021/3/10,Revenue,Total Revenue of the three years. (Pepsi VS Coca),But compared with the Pepsi Company, we found that revenue from sales (among these three years) of Pepsi company all exceed the Coca Company. The revenue data of Pepsi was more st
8、able and more able to increase. So we can conclude that problems can be found in the operating of the Coca company.,讲解：XX,14,2021/3/10,Vertical analysis,讲解：XX,15,2021/3/10,Vertical analysis,Assets: In 2010,Coca cola companys percentage of flow asset is 21.4%,but Pepsi companys percentage of flow ass
9、ets is 22.9%.The greater percentage of flow assets in total assets stands for greater operating of the company, so Pepsi companys operating in2010 was greater than Coca Cola.Liabilities: The ratio of total liabilities divided by total equity is 1.35 of Coca Cola company in 2010, this show that this
10、company has full ability to pay liabilities, and its safe for investors to invest. Pepsi company of this ratio is 0.74,much lower than Coca Cola company, so it was safer for investors to invest Coca Cola than Pepsi company. As for long term liability divided by total equity, Pepsi companys ratio was
11、 higher than Coca Cola company, it shows Pepsi companys cash flow was more frequent than Coca Cola ,but we must care about Pepsi companys operating.,讲解：XX,16,2021/3/10,Analysis of ratio from Balance Sheet,Horizontal analysis and comparing, Liquidity,讲解：XX,17,2021/3/10,Analysis the liquidity,The oper
12、ation capital is increasing during the three years. And stay in the high level. (no risk of abnormal operating caused from leaking operating capital. )Debt to total assets ratio is staying in a perfect level (below 0.7) both Coca and Pepsi. (So no risk of payment of total liability.)Current rate sta
13、ys stable but not at a perfect level. (it will be perfect if the rate is 2)Equity Ratio of Coca is raising during three years but stay in a good level near 1.2. (During the recovery of economy, the company can gradually increase this ratio to gain more benefits.)The Cash to Current Liability Ratio o
14、f the Coca company decreased from 2009 to 2010 and is a little high. (perfect data is 0.5) But during the recovery period of economy, is not a bad thing to move the loss to creditors.The Inventory Turnover Term is increasing from 2008 to 2010, so the liquidity of inventory is a little decrease but s
15、till high.Accounts Receivable Turnover Ratio stays stable during three years and in a high level. All these can show that the capital of Coca-Cola company is in a high liquidity level.,讲解：XX,18,2021/3/10,Analysis the Solvency,Solvency of Short-term liability (all about 2010),We can conclude from the
16、 table that figures of the Current Rate and Cash to Current Liability Rate are all close to the perfect data. So the Coca-Cola Company doesnt have to take the risk in paying short-term liability. And the data of two companies are closed.,讲解：XX,19,2021/3/10,Solvency of long-term Liabilities (all abou
17、t 2010),We can conclude from the table that the Coca company has lower rate of long-term liability. So the risk in paying the long-term liability is none, either.,讲解：XX,20,2021/3/10,Analysis the profitability,Perfect data is 0.08,The ROE keeps raising from 0.28 in the year of 2008 to 0.42 in the yea
18、r of 2010. So the profitability of the company is keeping raising. This also can be seen from the chart on the left (profit margin). Compared to Pepsi, the company of Coca-Cola has the stronger profitability.,讲解：XX,21,2021/3/10,Analysis the Cash Flow,Cash-in2010 Total Cash-in=161871、Cash from operat
19、ing activities/Total Cash-in=88.3%2、Cash from investing activities/Total Cash-in=03、Cash from financing activities/Total Cash-in=11.7%2009 Total Cash-in=116891、 Cash from operating activities/Total Cash-in=74.9%2、 Cash from investing activities/Total Cash-in=03、 Cash from financing activities/Total
20、Cash-in=25.1%,The operating cash-in take 88.3% of the total cash-in in 2010, it can conclude that operating activities is the most important part of the cash flow. And from 2009 to 2010, the part operating take increased from 74.9% to 88.3%. We can conclude that the operating activities became much
21、better. And in that case the finance base of the company is stable and strong. But the disadvantages of this situation is that the structure of the funds is single. And if problem arise to the operating activities, the company will suffer a great loss.,讲解：XX,22,2021/3/10,Cash -out,2010 Total Cash-ou
22、t=146911、 Cash from operating activities/Total Cash-out=32.4%2、 Cash from investing activities/Total Cash-out=30.0%3、 Cash from financing activities/Total Cash-out=37.6%2009 Total Cash-out=1、 Cash from operating activities/Total Cash-out=6.0%2、 Cash from investing activities/Total Cash-out=44.3%3、 C
23、ash from financing activities/Total Cash-out=49.7%,The three parts of cash-out takes almost the same part of the total cash-out in 2010. Among them cash from financing activities takes the largest part with 37.6%. It can be conclude that the company focus its funds not only on operating, but also pa
24、y much attention to the investing activities and other financing activities. Its a good thing to a company because this means the company can arrange its funds property to make more profits.（more Financial Flexibility ）,讲解：XX,23,2021/3/10,Quality of earning,Structure of earning2010 Total Cash-in=161
25、871、Cash from operating activities/Total Cash-in=88.3%2、Cash from investing activities/Total Cash-in=03、Cash from financing activities/Total Cash-in=11.7%We can conclude that earning from operating activities take the largest part of the cash-in. So the company of Coca-Cola has a high quality of ear
26、ning.,讲解：XX,24,2021/3/10,The problem of operating expense,The table above tells us that from 2009 to 2010 the operating expense increased for about 17% and the operating income only increased for 3%. So we think the company of Coca-Cola should pay more attention to its operating expense and focus more on decreasing it.,讲解：XX,25,2021/3/10,Thats all.Thanks you guys for listening.,2021/3/10,26,感谢您的阅读收藏，谢谢！,