日照港财务分析Rizhao port.ppt

Rizhao port was at a disadvantage. * But both Roe and Roa in Rizhao port were met decline after up which decrease by 0.97% and 0.62% from 2012 to 2013. Profit margin maintained these two years. Compare to Yingkou port, Rizhao port is at advantage and relies on its profitability, Rizhao port became to the 6th of net margin in China port industries. * 适用于简约清新及相 站长素材 The?Port of Rizhao?is a natural deep-water seaport on the coast of the city of?Rizhao , Shandong Province, Peoples Republic of China , located on the southern shore of? Shandong Peninsula, opening to the?Yellow sea. It has 46 deep-water berths in two main port. Value: Rizhao port 12.9 billion Yingkou port：29.7 billion Introduction Year Current ratio Quick ratio Cash ratio 2011 1.47 1.37 0.74 2012 0.82 0.78 0.28 2013 0.85 0.80 0.28 Short-term solvency These data show Rizhao port’s short-term solvency which was gradually decreased, but this trend on Yingkou port was opposite (rose fast). Year Current ratio Quick ratio Cash ratio 2011 0.50 0.40 0.12 2012 1.04 0.99 0.51 2013 1.33 1.29 0.82 : Year Total debt ratio Debt-equity ratio Equity multiplier Times interest earned ratio 2011 0.345709 0.528 1.528 672 2012 0.346407 0.530 1.530 36 2013 0.345118 0.526 1.526 44 Long-term Solvency In recent 3 years, Rizhao port’s trend in long-term solvency was strong and balanced. Year Total debt ratio Debt-equity ratio Equity multiplier Times interest earned ratio 2011 0.53 1.17 2.17 5.61 2012 0.37 0.59 1.59 10.2 2013 0.34 0.53 1.53 9.78 In the year 2012, Rizhao port added 9 berths through bought part of Subsidiary’s ports. The company completed?the foreign?equity investment of 14.248 billion,?relatively?on 2011 which increased 12.37 billion and grew 658.77% compared to the same period. Year Inventory turnover Days sales in inventory Receivables turnover Days sales in receivables Total asset turnover Capital intensity 2011 17.646 20.683 11.016 33.131 0.341 2.927 2012 25.884 14.100 10.860 33.607 0.347 2.879