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Essay / Research Paper Abstract
This 5 page paper examines the international banking organization HSBC between the years 2003 – 2006, the performance of the bank is studied with the use of ratio analysis and is also compared to industry averages. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEHSBC06.rtf
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Unformatted sample text from the term paper:
vertical results and comparing these to the industry averages. The main approach is that of ratio analysis. Ratios are measures that can be used to compare different elements of
the financial accounts. These will make comparisons between items which appear on the profit and loss statement or the balance sheet. The reliability and usefulness of the ratios will depend
on many factors, including the way in which the ratios are put together as a result of the underlying accounting practices. It is also important to realize that this is
an industry which will also be very sensitive to exchange rate fluctuations due to the nature of the business. . One of the most important aspects is the financial
trends that are seen and the profit levels. Over the last few years HSBC has shown an impressive growth in revenues. In 2003 there was revenues of $39,9681, this increased
in 2004 to $50,203, then to $60,094 in 2005 and by 2006 it was up to $75,879. However, it is not only the level of revenue that is important, but
the level of profit. For a bank the profit is measured slightly differently than for other commercial organisation, interest payments are a part of the operation and there are no
cost of goods sold figures. There are also other operating costs such as salaries and marketing, but as part of the operations there are also interests from investment. The most
relevant profit figure for banks is the profit before tax, this is the profit after all costs been deducted and all revenues have been added. This is measured as a
percentage, taken by dividing the net profit before tax by the total revenue. This has been fluctuating and also reflect the investment that have been made. For 2003 this
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