公司财务报表分析英文版.docx

ANALYSIS AND INVESTMENT CONSULTING REPORT ON‘MICHAEL HILL INTERNATIONAL LIMITED’Document Type: Group AssignmentGroup members:Hong Yang 201120021319Lv Pin 201120021426Guo Pan 201120021423Bai Yilan 201120021425Zhu Ziyan 201120021433Lecturer: Murray SmartDatePublished: 27/02/2014CONTENTSPAGEIntroduction 4Methodology 4Company Background 5The Analysis of Financial Statement 6Investment Ratios 6Gearing Ratios 7Profitbility Ratios 7Liquidity Ratios 9Activity Ratios 10Operating Ratios 11The Analysis of Business Environment 11Recommendations to Investors 13Conclusions 14References 15Appendices 16LIST OF JLLUSTRATIONSPICTURES PAGE1.‘Michael Hill’ company’s logo 5TABLES 1.Investment ratios of 62.Gearingratios of 73.Gross profit to salesof 74.Profit margin on sales of 85.Return on capital employedof 86.Profitabilityratios of 87.Liquidity ratios of 98.Activity ratios of 109.Operating ratios of 1110.2009-2014 world economic growth trend（%） 12CHARTS1.2009-2014 world economic growth trend（%） 12INTRODUCTIONThis investment analysis report on ‘Michael Hill’ company is prepared for the Sally’s Superannuation Trust. The report would ananlyse and interpret the non-financial and financial information contained in the 2013 Annual Report for Michael Hill International Ltd, and then there would be some recommendations at the end of the report.Financial StatementIn this part, the report would show the investment ratios, gearing ratios, profitability ratios, liquidity ratios, activity ratios, operating ratios, through the information contained in the 2013 Annual Report for MHI.We would show the details of calculation workings of ratios in the appendix.Non-Financial StatementIn this p