Meta Platforms
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GB530 Final Report
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Contents
Research Report: Financial Statement Analysis on Meta Platforms
..........................................
3
1. Introduction:
...........................................................................................................................
3
2. Financial Performance Analysis:
............................................................................................
3
2.1 Revenue Analysis:
............................................................................................................
3
2.2 Profitability Analysis:
.......................................................................................................
3
2.3 Earnings per Share (EPS):
................................................................................................
4
3. Liquidity and Solvency Analysis:
..........................................................................................
4
3.1 Current Ratio:
...................................................................................................................
4
3.2 Debt-to-Equity Ratio:
.......................................................................................................
4
4. Efficiency Analysis:
...............................................................................................................
4
4.1 Asset Turnover:
.................................................................................................................
4
4.2 Return on Assets (ROA) and Return on Equity (ROE):
...................................................
4
Business Condition of Meta Platforms
......................................................................................
5
Financial Performance Comparison:
..........................................................................................
5
Revenue:
.................................................................................................................................
5
Profitability:
............................................................................................................................
5
User Base and Market Position:
.............................................................................................
6
Competitive Landscape:
.........................................................................................................
6
Strategic Initiatives:
................................................................................................................
6
2
Executive Summary:
This research report offers a thorough financial statement analysis of Meta Platforms, a
publicly traded US company. Numerous social media platforms and related services are run
by Meta Platforms, a technology conglomerate formerly Facebook Inc. The analysis covers
the company's financial performance, profitability, liquidity, solvency, and efficiency for the
fiscal year ending March 31, 2023. The report aims to assist stakeholders and investors in
assessing the Meta Platforms' financial health and investment potential.
• Write a research report providing financial statement analysis on a specific US
company whose stock is publicly traded.
Research Report: Financial Statement Analysis on Meta Platforms
1. Introduction:
With its corporate headquarters in Menlo Park, California, the top technology company Meta
Platforms trades under the "META." It manages several popular social media platforms,
including Facebook, Instagram, WhatsApp, and Messenger.The financial statement analysis
examines Meta Platforms' annual report, SEC filings, and pertinent financial data to evaluate
its performance and financial position.
2. Financial Performance Analysis:
2.1 Revenue Analysis:
According to Meta Platforms, as of March 31, 2023, total revenue was $28.645 billion, up
2.64% from the previous year. Higher user engagement, more advertising opportunities, and
the addition of new services are all responsible for the increase in revenue.
2.2 Profitability Analysis:
Gross Profit Margin: For the quarter that ended in March 2023, Meta Platforms achieved a
gross profit margin of 78.68%, indicating strong profitability and effective cost control.
Operating Profit Margin: As of March 31, 2023, the operating profit margin was 22.04%,
demonstrating the company's capacity to make significant profits from its operations.
Net Profit Margin: As of March 31, 2023, Meta Platforms reported a net profit margin of
18.27%, indicating effective operating expense management and high overall profitability
(
Yaddanapudi, Chaudhary,& Saxena,2022).
3
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2.3 Earnings per Share (EPS):
The company reported diluted earnings per share (EPS) of $2.20 for the three months ended
March 31, 2023, a decrease of 19.12% from the prior year. The decrease in EPS can be
attributed to lower revenues, slightly worsened operating efficiency, and inefficient capital
management.
3. Liquidity and Solvency Analysis:
3.1 Current Ratio:
As of March 31, 2023, Meta Platforms' current ratio was a healthy 2.07, showing a strong
capacity to pay short-term obligations. This suggests the business has enough liquid assets to
cover its short-term obligations.
3.2 Debt-to-Equity Ratio:
With a debt-to-equity ratio of 0.08 as of March 31, 2023, Meta Platforms had a conservative
capital structure and little reliance on debt financing. The ability of the company to use
internally generated funds to finance operations and growth strengthens the company's
financial position.
4. Efficiency Analysis:
4.1 Asset Turnover:
For the three months ending March 31, 2023, Meta Platforms demonstrated a high asset
turnover ratio of 0.16, indicating efficient use of its assets to generate revenue. The business
efficiently uses its infrastructure and resources, such as user data, to boost sales.
4.2 Return on Assets (ROA) and Return on Equity (ROE):
Meta Platforms' return on assets (ROA) was 12.27%, and its return on equity (ROE) was
17.14% as of March 2023. These figures demonstrate the company's ability to generate
favourable returns on its assets and shareholders' equity.
According to the analysis of financial statements, Meta Platforms have shown strong
financial performance, profitability, liquidity, solvency, and efficiency. The company has
experienced significant revenue growth, high profitability margins, and efficient asset
4
utilisation. Meta Platforms has maintained a conservative capital structure and a strong
liquidity position to increase its financial stability.
Investors and stakeholders should consider the growth potential of Meta Platforms, its
capacity for innovation and adaptation to shifting market dynamics, and any potential
regulatory challenges that may impact the company's future performance. It is crucial to
conduct additional research, considering qualitative factors and industry trends, before
making investment decisions.
•
Discuss the company’s business condition. In order to put up a clear picture of the
company’s business level, a comparison in finance is needed between the company and
one of its biggest competitors.
Business Condition of Meta Platforms
A technology conglomerate called Meta Platforms, formerly known as Facebook Inc. runs
various social media platforms and associated services. The business condition can be
determined by assessing the company's financial performance, market position, competitive
environment, and strategic initiatives. A comparison with one of its main rivals will be made
to give a clear picture. In this instance, a well-known social media company called Twitter
Inc. will be contrasted with Meta Platforms.
Financial Performance Comparison:
Revenue:
While Twitter reported revenue of $4.7 billion in 2022, Meta Platforms reported total revenue
of $128.2 billion. Compared to Twitter, Meta Platforms' revenue base is significantly higher,
underscoring the company's wider market reach and increased user engagement on various
platforms.
Profitability:
Twitter and Meta Platforms both showed profitability, but Meta Platforms consistently
reported higher profitability margins. Compared to Twitter, which had a net profit margin of
5
5.3% in 2022, Meta Platforms had a net profit margin of 37.2%. Meta Platforms can profit
from their bigger user base, numerous advertising options, and monetisation techniques.
User Base and Market Position:
Meta Platforms has a sizable global user base with platforms like Facebook, Instagram,
WhatsApp, and Messenger. In the third quarter of 2022, there were 2.91 billion active
monthly users on Facebook. In contrast, Twitter reported 330 million monthly active users
during the same period. Because of their larger user base, Meta Platforms have a competitive
advantage and can win a sizable portion of the digital advertising market (
Zuckerberg et al,
2022).
Competitive Landscape:
Twitter and Meta Platforms are active players in the fiercely cutthroat social media sector.
Twitter has carved out a niche as a real-time news and information-sharing platform, while
Meta Platforms dominates with its sizable user base and wide platform options. Each
business attracts different user demographics and advertisers and has particular strengths.
Strategic Initiatives:
Beyond social media, Meta Platforms has concentrated on growing its business. The
company has made sizeable investments in virtual reality (VR) and augmented reality (AR)
technologies through its subsidiary Oculus. A shared virtual environment called the
metaverse, where users can interact and engage with digital content in immersive ways, is
what Meta Platforms aim to build. This strategic vision represents the long-term growth
strategy and diversification efforts of Meta Platforms.
On the other hand, Twitter has been attempting to increase user engagement, fend off false
information, and diversify its sources of income. To improve user experience and promote
monetisation, the company has added new features like Spaces (audio chat rooms) and Super
Follows (subscription-based content).
Meta Platforms continues to operate in a strong financial position because of its commanding
market position, sizable customer base, and profitability. The company has a competitive
advantage over its rivals, including Twitter, due to its variety of platforms and the size of its
6
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user base. On the other hand, Twitter has distinctive advantages and has been working to
innovate and increase its market presence (
Grabco,2022).
7
References:
Grabco, A. (2022). Valuation approaches of social networking companies: Meta Platforms’
valuation model.
Yaddanapudi, A., Chaudhary, K., & Saxena, S. (2022). Financial Analysis of Meta Platforms
Inc.
Zuckerberg, M., Saverin, E., McCollum, A., Moskovitz, D., Hughes, C., COO, J. O., ... &
Financial, N. Meta Platforms.
8
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Dec. 31, 2014
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$ 400,000
1,000,000
1,010,000
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740,000
510,000
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Total assets
3,740,000
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Problem 2 (Common-Size Income Statement)
A comparative income statement is given below for Rainbow Company
Rainbow Company
Comparative Income Statement
For the Years Ended June 30, 2019, and 2018
2019
2018
Sales
5,000,000.00
4,000,000.00
Less: Cost of Goods Sold
3,160,000.00
2,400,000.00
Gross Margin
1,840,000.00
P
1,600,000.00
Selling Expenses
900,000.00
700,000.00
Administrative Expenses
680,000.00
584,000.00
Total Expenses
1,580,000.00
1,284,000.00
Net Operating Income
260,000.00
P
316,000.00
Interest Expense
70,000.00
40,000.00
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190,000.00
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276,000.00
The president is concerned that net income is down in 2019 even though sales have increased
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Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current Year
Previous Year
Accounts payable
$40,964
$41,800
Long-term debt
45,594
44,700
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?
Enter all answers as positive numbers.
Amount of Change
Increase/Decrease
Percentage
Accounts payable
Decrease
Increase
Long-term debt
Check My Work
Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages.
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Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was
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Merchandise
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Transportation Terms
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$202
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$800
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$62
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[The following information applies to the questions displayed below.]
Leach Incorporated experienced the following events for the first two years of its operations.
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4. Collected $75,000 cash from accounts receivable.
5. Paid $44,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent
of the ending accounts receivable balance will be uncollectible.
7. Closed the revenue account.
8. Closed the expense accounts.
Year 2:
1. Wrote off an uncollectible account for $950.
2. Provided $94,000 of services on account.
3. Provided $38,000 of services and collected cash.
4. Collected $87,000 cash from accounts receivable.
5. Paid $71,000 of salaries expense for the year.
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an overstatement of expenses
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Activity No.:
Topic
: The Worksheet
Problems
The following are all the steps in the accounting cycle. List them
they should be done.
1.
the order in which
Closing entries are journalized and posted to the ledger.
- An unadjusted trial balance is prepared.
- An optional end-of-period spreadsheet (worksheet) is prepared.
-A post-closing trial balance is prepared.
- Adjusting entries are journalized and posted to the ledger.
- Transactions are analyzed and recorded in the journal.
Adjustment data are assembled and analyzed.
-Financial statements are prepared
An adjusted trial balance is prepared
Transactions are posted to the ledger
2.
7.
8.
6.
10
The balances for the accounts listed below appeared in the Adjusted Tral Balance
columns of the work
the Income Statement columns or
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Stockholders' Equity: Transaction Descriptions from Account Data
The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.:
Paid-in Capital in Excess of Par
Land
value-Common Stock
33,000 (3)
Common Stock, $10 Par
35,000 (2)
60,000 (3)
(1)
(2)
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80,600
35,000
4
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Date
1
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Preferred Stock, $50 Par
65,000 (1)
Esc
FnLock
12,800 (4)
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Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac
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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASPLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASPLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASPLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
10.-The company El Invierno, S.A., presents the following information for you to calculate its accounting and cash profit:
Total Sales................................. $ 1'345,670.20
Cost of Sales.............................. $ 702,875.95
Operating Expenses:
Wages and salaries.......... $149,516.40
Rent................................. 69,250.50
Commissions.................... 320,000.00
Depreciation.............. 114,129.32 $ 652,896.22
Sales, purchases and expenses were made in cash.
Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:It is necessary that you make a solution approach…
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- (Learning Objective 4: Calculate the effects of business transactions on selectedratios) Financial statement data of Greatland Engineering include the following items:Cash ........................................Short-term investments..............Accounts receivable, net............Inventories ................................Prepaid expenses.......................Total assets ...............................Short-term notes payable...........$ 26,00036,00085,000147,0006,000677,00049,000Accounts payable ......................Accrued liabilities......................Long-term notes payable ...........Other long-term liabilities.........Net income................................Number of commonshares outstanding ...........$107,00032,000163,00034,00099,00046,000Requirements1. Calculate Greatland’s current ratio, debt ratio, and earnings per share. Round all ratios totwo decimal places.2. Calculate the three ratios after evaluating the effect of each transaction that follows.Consider each…arrow_forwardm AA Priva × system er... G governm... cv.blackboard.com G administr... Departm... BUS 241 - Principles Of Accounting I (20953) G reese rd e... Mastery Assignment Instructions đất 14K, thiIZAKIKAI AN XƯA KHI t shit & Jour 1841 Altith stAR/HA SIER Vô Blllt 4HKK they should balance. PA2.) Record journal entries for the following transactions of Barrera Suppliers. A. May 12: Sold 32 deluxe hammers at $195 each to a customer, credit terms 10/10, n/45, invoice date May 12; the deluxe hammers cost Barrera Suppliers $88 each. B. May 15: Customer returned 6 hammers for a full refund. The merchandise was in sellable condition at the original cost. Û + O C. May 20: Customer found 2 defective hammers but kept the merchandise for an allowance of $200. D. May 22: Customer paid their account in full with cash. x Contentarrow_forwardA family friend has asked your help in analyzing the operations of three anonymous companies operatingin the same service sector industry. Supply the missing data in the table below:CompanyA B CSales .............................................................. $9,000,000 $7,000,000 $4,500,000Net operating income ................................... $ ? $ 280,000 $ ?Average operating assets ............................. $3,000,000 $ ? $1,800,000Return on investment (ROI) .......................... 18% 14% ?Minimum required rate of return:Percentage ................................................ 16% ? 15%Dollar amount ............................................ $ ? $ 320,000 $ ?Residual income ............................................ $ ? $ ? $ 90,000arrow_forward
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- Could someone please do 3 through 8arrow_forward%24 2 Project: Company Accour X DZL. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning +| x ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inprogress%3Dfalse eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $40,964 $41,800 Long-term debt 45,594 44,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Decrease Increase Long-term debt Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Previous Check My Work 3:12 PM dp SU prt sc 144 114arrow_forwardCan you please answere all the following true/false statements. Thank youarrow_forward
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