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Essay / Research Paper Abstract
This 10 page paper looks at two Australian firm; Bramble Ltd and Toll Holdings from a financial perspective. A ratio and trend analysis is performed on both companies for financial years 2008 – 2011. The performance of the companies is examined assessment including analysis of profitability, efficiency and liquidity and the value of the annual accounts assessed. The bibliography cites 9 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEbramtoll.doc
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Unformatted sample text from the term paper:
the audited accounts to gain an insight into the performance of a company. Looking at two firms that are quoted on the ASX it is possible to assess the
firms and their annual reports, looking at the reported performance and the way that ratios and trend analysis may be used to assess performance, as well as looking at the
contexts of the notes to the annual accounts. The companies chosen are Brambles Ltd and Toll Holdings, looking at the accounts for both companies over a period of four years,
starting with the accounts ending June 2008 through to the most recent accounts for year ending June 2011. The accounts for Brambles are presented in US dollars and the Toll
accounts are presented in Australian dollars. However, using ratio analysis they can be seen as generally comparable. In this paper all figures cited will be in million except for the
per share data, unless otherwise stated. When looking at performance one of the most basic measures is the profit margin. There are several profit margins which may be used,
the main measured are the operating profit and the net profit margin. The operating profit margin is expressed as a percentage. This is the revenue after all direct and
indirect costs have been deducted. A well as the direct materials, there are also the indirect costs such as wages and administration, these are also known as the overheads.
Table 1 Operating profit margin for Brambles Operating profit margin 2008 2009 2010 2011 Revenue (a) 4,540 4,115 4,244 4,807 Operating profit (b) 1,031 718 725 890 Operating profit
margin (b/a) 22.70% 17.45% 17.07% 18.52% The pattern here shows a decrease in 2009, in both revenue and margin and then a slight recovery in 2011. While this may be
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