Financial Analysis Of Two Listed Firms Finance Essay - Free Essay Example

Sample details Pages: 5 Words: 1375 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? The field of corporate social responsibility (CSR) has grown exponentially in the last decade. A larger number of companies have previously engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. Don’t waste time! Our writers will create an original "Financial Analysis Of Two Listed Firms Finance Essay" essay for you Create order There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.CSR mean that treating its employees well, preserving the environment, developing sound corporate governance, supporting philanthropy, fostering human rights, respecting cultural differences and helping to promote fair trade, among others. Besides, its also mean to have a positive impact on the communities, cultures, societies and environments in which companies operate. Using the word of Holme and Richard Watts, defined CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large (Baker, n.d). In this report, I have made comparison between two listed firms from Bursa Malaysia based on their financial analysis. One has disclosed the information about CSR and another did not which is, Frazer and Neave Bhd and Caely Holding Bhd respectively. Financial analysis is an analysis conducted to examine the companys internal situation of the business. By carrying out this analysis, we can know how well the business is doing. It is normally used to summarize the information of an organizations financial statements in evaluating its financial position (H. Christine Hsu, 1999). We can make conclusion about how companys performing and what is the companys current financial situation after conducting the financial analysis. First of all, the first comparison have been made is based on the profitability ratio Profitability ratios are used to determine that whether a firm has used its ability well in order to generate profit and spot any fault in expenses. Under profitability ratios, there are three major areas: Return on Capital Employed (ROCE), Net Profit Margin (NPM) and Gross Profit Margin (GPM). ROCE is used to indicate how well the management team has utilized the total assets efficiently. This is also the key ratio which potential investor use to decide whether or not to make the investment and how much should invest in the company. Based on the graph above, the ROCE of the FN has fluctuated from year to year. The graph shows the trend of increase and decrease in a minor percentage from year 2007 to 2008 and it was continued increase by a slightly momentous to 17.74% in year 2009. However, from the graph, the ROCE of Caely was decrease from 1.61% to 1.37%. The increase was caused by the good performance of companys profit and caused the reserves in the capital employed are increase. The situation indicated that FN had performed in a high profitability position as compare to the Caely. Although, the changeable of the FNs ROCE is considerably low, the company still has the space and ability to improve its companys performance. Futhermore, CSR able to draw consumers away from competitors and thereby improve profitability (Brine, Brown and Hackett, n.d). Next is the GPM. This ratio shows the profit a company made on its cost of goods sold. It clearly tells us how much profit each dollar of turnover of the business is earning. FNs GPM has slightly decreased from 2007 to 2008, but the ratio then jumped up to 29.67% in year 2009. However, Caelys GPM has also experienced an increasing rate. This indicated the company tended to get higher efficiencies and productivity gained from the higher production degree and economies of scale from the expanded its business. As compare between FN and Caely, FN performance was better than Caely as it have the higher ratio, this shown that FN are able to earn more with every $1. With CSR, FN are able to offer opportunities to reduce present and future costs to the business thereby increasing operational efficiency (Brine, Brown and Hackett, n.d). The NPM indicates the amount of sales dollar that can be shown up as net earnings after deducting all the expenses. The companys NPM declined from year 2007 to 2008 until 7.15% and it slightly rose up again in 2009 to 8.40%. The increase of profits was due to the rising sales revenue in year 2009. This indicated that the company has the ability in control their profit margin as 9 the profit before interest, taxation, fair value adjustment and exceptional items (PBIT) in quarter four in that year imposed an increase of 42%, causing the PBIT for the year to be higher. Therefore, the company has successfully pulled back the margin from continuously dropping down. By applying CSR, FN can offers more effective management of risk in order to assists companies in reduce avoidable losses, identify new emerging issues and use positions of leadership as a means to gain competitive advantage (Brine, Brown and Hackett, n.d). However, the Caely are unable to control its profit margin, there was a decreased from 1.13% to 0.92%. This shown that the company was making bad performance and unable to stay competitive because do not apply CSR. Next financial analysis is the investment ratio, which are specific to the interest of the shareholders. It is used to calculate the amount of the funds that contributed to a firm by the investors. These ratios include earnings per share (EPS) and price/earnings ratio (P/E). EPS are to measures the amount of profit earned for each ordinary share. EPS is a good measure of profitability and gives a view of earnings power of the firm with competitors. FNs EPS has a slightly increase from 42.9 cent to 46.8 cent. The increase is due to the FNs excellent performance and investors have more confidence toward FN as there are positive earnings they might generate from buying the shares. On the other hand, Caelys EPS was increase from a negative -3.75 to 0.2 cent. However, as compare between both companies, FNs EPS clearly shown that is better than Caely because investors will more willing to invest in FN. In fact, CSR offers a means by which companies can manage and influence the attitudes and perceptions of their stakeholders as well as building investors trust and enabling the benefits of positive relationships to deliver business advantage (Brine, Brown and Hackett, n.d). Moreover P/E is the most common measure of how expensive a stock is. This ratio is used to evaluate the market confidence of the companys share. The higher the ratio, the more attractive the share it is and the market expectation future earning is prospective (Investor World, nd). According to the figures, we found that the P/E ratio for FN is 16.78 in year 2007, while it increases to 18.33 during the year 2008. This shown that the company is an efficient business since the P/E ratio is increasing. But, there is decrease from 2008 to 2009; however, FNs P/E still remains high. In the point of view of investor, they will be more willing to pay more for the FNs earnings as it can have the higher rate of return as compared with the Caely which have only smaller P/E ratio. In conclusion, after compare between the both companies financial analysis, its shown that the firm that offers CSR has the ability to endure threats and maintain a good financial performance. It is because among companies, financial performance is positively associated with social performance, since consumers can directly reward a companys socially positive behavior by purchasing its products (Brine, Brown and Hackett, n.d).CSR companies also have less risk of negative rare events. The risks related to CSR could be grouped into three categories which are corporate governance, environmental aspects, and social aspects. Companies that adopt the CSR principles are more transparent and have less risk of corruption. Besides, they also have less risk of negative social events which damage their reputation and cost a millions of dollars in information and advertising campaigns (Tsoutsoura, 2004).

Acute Stress Disorder ( Asd ) - 873 Words

Within weeks after a traumatizing event, one may develop an anxiety disorder called acute stress disorder (ASD). Acute stress disorder is a psychiatric condition characterized by acute stress responses that may last from 2 days to 4 weeks do to a traumatic life event. Following the experience of a traumatic event, an evaluation of ASD requires that a person experiences an extreme emotional reaction to a stress contributor, along with receiving symptoms that lead to impairment or distress (Shevlin, Hyland, Elklit, 2014). Acute stress is the most common form of stress. It comes from insistence and pressures of the recent past and upcoming demands and pressures of the near future. Acute stress can be thrilling and exciting in small measures, but having too much can be exhausting (FeldmanHall et al., 2015). Acute stress disorder (ASD) was introduced into DSM-IV. Scientists wanted to be able to describe acute stress reactions that takes place in the initial month after dealing with a traumatic event and before the possibility of diagnosing post traumatic stress disorder. They wanted to be able to identify trauma survivors in the acute phase who are high risk for post traumatic stress disorder (Bryant., 1999). Scientists created a review that considers ASD in relation to other approaches to Acute stress responses, to critique and discuss ASD in relation to Adjustment Disorder. After completing the review the scientist found the evidence suggests that ASD does not adequatelyShow MoreRelatedIntroduction. In This Paper, I Am Going To Talk About Acute1159 Words   |  5 PagesIntroduction In this paper, I am going to talk about Acute Stress Disorder and how it affects the daily lives of people who have it. What exactly is Acute Stress Disorder? 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Advantages and Disadvantages of Project Management Methods Sample

Question: Give five advantages and disadvantages of using a project management methods. Answer: Five advantages and disadvantages of using a project management methods The advantages that any organization can experience because of the utilization of the project management mythologies in any project are as following. Improved efficiency: The roadmap that the project management provides is very useful in terms of guiding a project in the right way. Because of the roadmap, the project can get completed within scheduled time, with bounded resource and allocated fund (Turner 2014). The PMBOK and PRINC 2, both the models of the project management provide the benefit of the road map. Customer satisfaction: As the project management methodologies allow the organization or project team to complete the project within time and allocated capital, the customer automatically gets satisfied by the service (Karaman and Kurt 2015). Enhanced growth: The positive result from the consumer not only allows the organization to get more value in the market, but it also makes the members of the organization improve their good work continuously. Trust: The PRINCE 2 is one of the methodologies that are tried and trusted among various organizations in the whole world (Phillips 2013). The model has been used in thousands of projects in various countries. Free to use: Utilizing PRINCE2 permits all gatherings to get down to business. You will profit by PRINCE2's nonappearance of authorizing expenses, "per seat" charges, bolster costs and so on (Olsson 2015). Provides documentation: In each of the steps of the project management, the documentation process is carried out in the PMBOK methodology (Hall et al. 2015). It allows the organization to keep track of everything. In addition, the persons, unfamiliar with the project can get a sound idea about it. The downsides of the project management methodology are as following. Cost, communication, and time overhead: Hiring and giving training to the project and program managers costs a lot of money. A huge quantity of money is required to change the organization as per the created PMO (Petit 2012). As the flow of the information from the team member to the management is not direct, some confusion arises among both of them. If anything goes wrong, it can take an enormous amount of time to find the whole and solve the issue (Turner 2014). Complexity: The PMBOK model can result in being a very complex and costly for the small project. Contract management: The project management model, PRINCE 2 does not include any contract or people management (Park, Lee and Kim 2016). PMBOK Vs PRINCE 2: Various crucial differences exist between the PMBOK and PRINCE 2. The differences are as following. The PMBOK guide represents knowledge regarding the project management. On the other hand, the PRINCE 2 is a project management methodology (Turner 2014). The PMBOK demonstrates what a project manager should know before commencing the project. The PRINCE 2 describes the processes that should be handled and carried out during the project. PMBOK is descriptive, and PRINCE 2 is perspective. Because of that, the PMBOK demonstrates good practices and the PRINCE 2 tells to do the mandatory tasks (Hodgson, Tuuli and Brooks). From the PMBK guide the answers regarding how. On the other hand, PRINCE 2 holds the answers to the what, when and whom (Petit 2012). It is because the PMBOK describes the procedures through good practices and the PRINCE 2 tells the underlying aspects of each project management procedures (Turner 2014). Example: The example that the study holds is about the assessment of power efficiency and resumption power creation regarding the limited dairy factory in the Edward Island, Canada. An examination of the vitality use connected with the dairy operation and the attainability of utilizing renewable vitality for the homestead's operation requires a more extensive point of view of the ranch's procedures and key vitality utilization components and in addition the district's vitality strategy system and renewable vitality assets accessibility (Olsson 2015). A vitality review frames the center work of the venture. A top to the bottom vitality review contextual analysis of Extendable Farms Ltd., a little family-run dairy ranch, in Oyster Bed Bridge, PEI was directed (Hill 2013). In this study, a three stage vitality review structure, taking into account the Australian Government's Energy Management Advisory Booklet, was utilized for the purpose of undertaking an organized also, efficient way to deal with vitality examination after that benchmarking also, vitality administration opportunities can be unmistakably characterized (Turner 2014). This strategy was picked taking into account commonality of the creators to this review procedure. The review structure is comprised of three stages: Phase I, a review of recorded information, concentrates on the past utilization patterns of the office. Stage II, the screening overview, researchers the flow operation of the office and is basically a screening review finished as a walkthrough review (Goetsch and Davis 2014). In this stage, all vitality devouring gear, what's more, process are related to evaluations and assessed operational hours recorded. Stage III, point by point examination and examination, includes a nit ty gritty examination and further investigation into key ranges recognized in the Phase II examination with correlation to the consequences of Phase I (Alvesson and Sandberg 2013).Things that may require further examination to figure out whether productivity opportunities exist are researched in the subtle element in Phase III. Supplanting all glowing lighting installations and lights right now inside the contextual investigation offices with T8 installations and lights is a reasonable retrofit with practically quick payback. This outcome in a payback time of around one year with a 68% sparing in yearly power cost for this update (Turner 2014). A lighting control framework would give further vitality proficiency; the lights in non-creature spaces could be movement sensor while the creature slows down regions may have a clock based framework to most extreme generation and minimize wastage of power. So from the above case study example, it is clear that the using the PRINCE 2 model was better than using PMBOK. Use of PMBOK and PRINCE 2 Together: As perceived by many of the persons, the PMBOK and PRINCE 2 are not the competitor of one another, instead, that two complement each other (Park, Lee and Kim 2016). In an ideal world, any project manager needs both of those for carrying out the task of the project management successfully (Turner 2014). Through following the below procedures the benefit of both the PRINCE 2 and PMBOK can be gained. Use it for its special methodologies and bits of knowledge into venture administration. Use it as the demonstrated, minimal effort premise for your organization's system. References Alvesson, M. and Sandberg, J., 2013. Has management studies lost its way? Ideas for more imaginative and innovative research. Journal of Management Studies, 50(1), pp.128-152. Booz, D.A., Kinder, S.J. and Sykes, M.J., International Business Machines Corporation, 2013. Nested recovery scope management for stateless recovery agents. U.S. Patent 8,572,044. Burke, R., 2013. Project management: planning and control techniques. New Jersey, USA. Dawson Jr, M.E. and Robinson, J., 2012. INNOVATIVE WAYS TO TEACH AND INCORPORATE INTELLIGENCE, SURVEILLANCE, RECONNAISSANCE,(ISR) PROGRAM MANAGEMENT CONCEPTS IN THE UNIVERSITY SETTING. Review of Management Innovation Creativity, 5(14). Gido, J. and Clements, J., 2014. Successful project management. Nelson Education. Goetsch, D.L. and Davis, S.B., 2014. Quality management for organizational excellence. pearson. Halbe, J., Pahl-Wostl, C., Sendzimir, J. and Adamowski, J., 2013. Towards adaptive and integrated management paradigms to meet the challenges of water governance. Integrated Water Resources Management in Changing World, p.211. Hall, L., Halton, K., Macbeth, D., Gardner, A. and Mitchell, B., 2015. Roles, responsibilities and scope of practice: describing the state of playfor infection control professionals in Australia and New Zealand. Healthcare Infection, 20(1), pp.29-35. Harmon, P., 2015. The scope and evolution of business process management. In Handbook on Business Process Management 1 (pp. 37-80). Springer Berlin Heidelberg.

The Two Sides of Paul Baumer in All Quiet on the Western Front free essay sample

The Two Sides of Paul Baumer in All Quiet on the Western Front There are figuratively two Paul Baumer’s in All Quiet on the Western Front by Erich Maria Remarque. Paul becomes a different person when he joins the army. Before the war, Paul went to school and wrote poetry and led the normal life of a teenager. When he enlists in the military, he remains the same person on the outside, but changes drastically on the inside. This change allows him to survive on the front but at the price of losing his innocence. Prior to the war, Paul remained an innocent little schoolboy. Paul wrote poems and short stories and loved to escape into the sheer beauty of nature. Paul lived in a time where the only people who understood how terrifying and unnatural the war was, were those who were fighting it. Paul just wanted to go along with all of his friends and joined the war thinking it would be heroic and manly. We will write a custom essay sample on The Two Sides of Paul Baumer in All Quiet on the Western Front or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Little did he know that the war would dictate how he would perceive everything. Paul quickly learns that in order to survive one must become and animal. One must revert back to their primal instincts otherwise they are no more than mincemeat. This regression into his animal instincts changes how Paul sees everything. But, underneath the uniform, he remains a child. â€Å"But when we go bathing and strip, suddenly we have slender legs again and slight shoulders. We are no longer soldiers, but little more than boys;†(29). Paul wants nothing more than to go back home and try to live a normal life. But, when he returns, he does not remember how to be a child again. He looks like a boy but has the war hardened skills and emotions of a veteran. He tries to escape into literature and nature as he used to, but he cannot. †I want that quiet rapture again. I want to feel the same powerful, nameless urge that I used to feel when I turned to my books†(171). The war completely changes Paul’s life. He simply cannot live the way he used to. When Paul goes off to war, he becomes a different person. The war literally forces him to change into an emotionless killing beast. Paul must tap into his ancient primal instincts in order to survive. We have become wild beasts. We do not fight, we defend ourselves against annihilation†(113). Paul starts to realize this when he goes back home during his leave. He comes home to much praise from the citizens who used to refer to him as Paul but now refer to him as Comrade. He can only help but think that those citizens have no clue what they are talking about. They continuously ask questions without ever truly wanting the answers. They bombard him with questions almost as painful as the bullets that could end Paul’s miserable life in the blink of an eye. And Paul cannot bear these questions. He hates the war. He hates what the war he turned him into. When Paul returns to the front, he feels as though it has become his true home. At one point in the war, Paul finds himself trapped in a shell hole with a soldier from the other army. His instincts take control and, without thinking, he stabs the man. As the man slowly dies, Paul becomes attached to him in a way. He starts to understand that he has been pitted against another man just like himself for reasons that he does not even know. Forgive me comrade; how could you be my enemy? If we threw away these rifles and this uniform you could be my brother just like Kat and Albert†(223). The war sucks Paul into an abyss of unhappiness the moment he arrives at the front. Paul hates the war with every fiber of his being and would give anything to have his old life back. The most painless moment of the war for Paul is the moment when it all finally comes to an end. Paul takes the only option he has left of escaping his misery. And that one option is death. Death puts Paul at peace with himself again. In All Quiet on the Western Front, by Erich Maria Remarque, the war divides Paul Baumer into two completely different people. Before the war, Paul was an average teenager with high hopes and huge dreams. Paul becomes an entirely different person when he joins the army. He becomes a war hardened, emotionless, beast trapped inside the body of a young boy. Paul recognizes this change and begins to hate both himself and the war. This change allows him to stay alive in the war. But, it also forces to Paul to abandon all of his feeling and emotions. Paul would rather not live at all than live like a monster.