海尔vs西门子财务报表分析（英文版）.pptVIP

Preface Company Introduction Overview of the annual report The business environment The auditors Analysis of the companies’ financial statements Coda Haier Company: Financial Highlights Company and Products Management Discussion and Analysis The business environment Analysis of  the companies’ financial statements Assets and liabilities comparison analysis Debt-repaying ability analysis Operating capacity analysis Profitability analysis Return on investment Growth Cash flow Assets and liabilities comparison analysis Debt-repaying ability analysis Return on investment Growth Cash earning from sales Cash earning from investment 0.005 0.032 0.43 0.09 total assets growth ratio (0.009) 0.067 0.08 0.03 sales growth ratio (0.003) (0.076) 0.14 0.09 net assets growth ratio 2009 2008 2009 2008 　 Siemens Haier 　 The net assets growth ratio reflects the capital accumulation of a company. It is a symbol to show a company’s strong, and it is the source of a company’s expanded reproduction. Haier’s net assets growth ratio is a little low. Haier has the ability to improve its capital preservation sex. The index of Siemens is negative. It shows owners’ equity is damaged. Sales growth ratio of the two companies is almost equal to zero and even less than zero. They should pay more attention to product sales. Assets are the resource of earning revenues and the security of debt repayment. The total assets growth ratio of Haier and Siemens is almost equal to zero. This indicates both of them have adopted conservative development strategies. Cash flow Cash solvency Cash earning from sales Cash earning from investment Cash solvency 18.13 21.86 22.38 53.19 29.65 31.63 cash flow to current debt ratio 2009 2008 2007 2009 2008 2007 　 Siemens (in millions of €) Haier(￥:Yuan) 　 This table shows Haier and Siemens have a flush liquidity. 32.14 44.10 47.43 525.64 115.87 73.49 cash flow to operating profit ratio 268.68 157.68 243.24 336.55 1