Apple Financial Analysis

Company Analysis - Apple

TABLE OF CONTENTS

COMPANY OVERVIEW 5 Introduction 5

Brief History & Current Happenings 5

Apple Products & Services 7

Business Strategy 9

INDUSTRY ANALYSIS 10

SWOT Analysis 10

Industry Overview 13

FINANCIAL ANALYSIS 16

Short-Term Liquidity Analysis 16

Current ratio 16

Acid Test (or Quick Test Ratio) 16

Accounts Receivable Turnover 17

Inventory Turnover 17

Days in Sales Receivables 17

Days in Inventory 18

Days Purchases in Account Payable 18

Average Net Trade Cycle 18

Cash provided by operations to average current liabilities 18

CAPITAL STRUCTURE AND SOLVENCY RATIOS ANALYSIS 19

Long term debt to assets 19

Debt Ratio 19

Earnings to Fixed charges 20

Cash flow to fixed charges 20

Financial leverage index 20

Altman Z score 20

PROFIT MARGIN RATIOS ANALYSIS 21

Gross profit Margin 21

Net Profit Margin 21

Operating Profit Margin 22

RETURN ON INVESTMENT RATIOS ANALYSIS 22

Return on Assets 23

Return on Common Equity 23

Equity Growth Rate 23

Disaggregation of Return on Common Equity 23

ASSET UTILIZATION RATIOS ANALYSIS 24

Accounts Receivables Turnover 25

Inventory Utilization 25

Fixed Asset Turnover 26