Dupont Identity of this company Dupont: ROE = Profit Margin * Asset Turnover * Financial Leverage What is the general performance trend? What is the primary reason for that trend? What is one area that can improve in?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Dupont Identity of this company

Dupont: ROE = Profit Margin * Asset Turnover * Financial Leverage

What is the general performance trend?

What is the primary reason for that trend?
What is one area that can improve in?

A summary of the published results and of the assets, liabilities and non-controlling interests of the Group for the last five
financial years, as extracted from the published audited consolidated financial statements, is set out below.
2020
2019
2018
2017
2016
HK$'000
HK$'000
HK$'000
HK$'000
HK$'000
RESULTS
Continuing operations
Revenue
1,966,709
4,476,996
4,518,180
4,908,837
4,065,999
Cost of sales
(1,891,006)
(2,653,331)
(2,560,183)
(2,964,119)
(2,253,779)
Gross profit
75,703
1,823,665
1,957,997
1,944,718
1,812,220
Other income and gains, net
603,157
325,924
144,260
852,944
140,054
Changes in fair value of
investment properties
(183,271)
(403,120)
(874,070)
(36,238)
(533,938)
(998,836)
26,542
80,843
55,555
Selling and distribution costs
Administrative expenses
(519,038)
(511,602)
(960,815)
(490,039)
(992,205)
(980,308)
Finance income
68,554
87,550
80,352
63,166
120,677
Finance costs
(10,314)
(4,966)
(12,965)
Share of profits less losses of
associates and joint ventures
(28,772)
66,185
339,373
97,791
144,895
(Loss)/profit before taxation
(741,819)
129,735
734,312
1,038,864
1,562,079
778,192
Таxation
(196,548)
(208,948)
(297,838)
(205,129)
(Loss)/profit for the year from continuing
operations
(612,084)
537,764
829,916
1,264,241
573,063
Discontinued operations
Profit/(loss) for the year from
discontinued operations
20,538
(64,815)
(Loss)/profit for the year
(612,084)
537,764
829,916
1,284,779
508,248
Attributable to:
Equity owners of the Company
687,076
(390,792)
(221,292)
386,880
1,147,843
352,053
Non-controlling interests
150,884
142,840
136,936
156,195
(612,084)
537,764
829,916
1,284,779
508,248
ASSETS, LIABILITIES AND
NON-CONTROLLING INTERESTS
Total assets
25,184,194
21,806,928
21,491,775
22,135,075
19,975,771
Total liabilities
(6,747,931)
(4,442,761)
(4,379,751)
(4,741,229)
(4,203,178)
Non-controlling interests
(2,228,804)
(1,277,892)
(1,098,557)
(1,181,217)
(1,099,248)
Equity attributable to
owners of the Company
16,207,459
16,086,275
16,013,467
16,212,629
14,673,345
Transcribed Image Text:A summary of the published results and of the assets, liabilities and non-controlling interests of the Group for the last five financial years, as extracted from the published audited consolidated financial statements, is set out below. 2020 2019 2018 2017 2016 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 RESULTS Continuing operations Revenue 1,966,709 4,476,996 4,518,180 4,908,837 4,065,999 Cost of sales (1,891,006) (2,653,331) (2,560,183) (2,964,119) (2,253,779) Gross profit 75,703 1,823,665 1,957,997 1,944,718 1,812,220 Other income and gains, net 603,157 325,924 144,260 852,944 140,054 Changes in fair value of investment properties (183,271) (403,120) (874,070) (36,238) (533,938) (998,836) 26,542 80,843 55,555 Selling and distribution costs Administrative expenses (519,038) (511,602) (960,815) (490,039) (992,205) (980,308) Finance income 68,554 87,550 80,352 63,166 120,677 Finance costs (10,314) (4,966) (12,965) Share of profits less losses of associates and joint ventures (28,772) 66,185 339,373 97,791 144,895 (Loss)/profit before taxation (741,819) 129,735 734,312 1,038,864 1,562,079 778,192 Таxation (196,548) (208,948) (297,838) (205,129) (Loss)/profit for the year from continuing operations (612,084) 537,764 829,916 1,264,241 573,063 Discontinued operations Profit/(loss) for the year from discontinued operations 20,538 (64,815) (Loss)/profit for the year (612,084) 537,764 829,916 1,284,779 508,248 Attributable to: Equity owners of the Company 687,076 (390,792) (221,292) 386,880 1,147,843 352,053 Non-controlling interests 150,884 142,840 136,936 156,195 (612,084) 537,764 829,916 1,284,779 508,248 ASSETS, LIABILITIES AND NON-CONTROLLING INTERESTS Total assets 25,184,194 21,806,928 21,491,775 22,135,075 19,975,771 Total liabilities (6,747,931) (4,442,761) (4,379,751) (4,741,229) (4,203,178) Non-controlling interests (2,228,804) (1,277,892) (1,098,557) (1,181,217) (1,099,248) Equity attributable to owners of the Company 16,207,459 16,086,275 16,013,467 16,212,629 14,673,345
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