Using the financial statements and using these ratios from the picture, discuss the performance of Cobham PLC in 2016.
Using the financial statements and using these ratios from the picture, discuss the performance of Cobham PLC in 2016.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the financial statements and using these ratios from the picture, discuss the performance of Cobham PLC in 2016.
Transcribed Image Text:Below you will find the financials of Cobham PLC for 2014-2016:
Income statement £m
2016
2015
2014
Revenue
1,943.9
(1.567.3)
376.6
1,851.7
(1.408.2) (1.290.1)
561.6
(504.0)
57.6
2,072.0
Cost of sales
Gross profit
663.8
(1,155.7)
(779.1)
4.1
SG&A
(651.8)
12.0
Operating (loss) profit
Finance income
5.2
6.4
(72.9)
(847.9)
52.8
(795.1)
Finance cost
(57.0)
(39.8)
2.1
(37.7)
(39.7)
24.3
(Loss)/profit before taxation
Таxation
4.7
(Loss)/profit after taxation
29.0
Balance sheet £m
2016
2015
2014
Non-current assets
PPE & Intangibles
Investment properties
Investment in joint ventures and associates
Trade and other receivables
1,588.8
2,109.4
4.3
3.0
2,430.8
3.6
10.4
3.6
3.1
66.0
71.3
51.1
Deferred tax asset
42.3
11.4
10.5
25.8
1,730.1
Financial assets
12.6
2,212.0
13.7
2,519.6
Current assets
Inventories
405.3
410.4
429.5
Trade and other receivables
409.8
366.0
435.3
0.4
236.4
1,101.6
Current tax receivables
3.1
8.6
Financial assets (including cash)
244.7
1,062.9
320.6
1,105.6
Current liabilities
Borrowings and other financial liabilities
Trade and other payables
199.7
398.1
103.1
22.2
430.8
505.5
Provisions
180.6
74.3
60.5
Current tax liabilities
149.5
864.0
125.1
797.2
119.2
707.4
Non-current liabilities
Borrowings and other financial liabilities
Trade and other payables
1,235.7
31.5
1,359.0
24.8
1,462.3
36.2
Provisions
57.3
27.6
87.0
68.2
66.5
Deferred tax liabilities
102.0
134.5
Retirement benefit obligations
56.7
102.0
1,801.5
1,439.1
1,610.7
Equity
489.9
909.7
1112.3
Transcribed Image Text:2 Year
2016
2015
3 ROE
-1.623 -0.0414
4 B)
5 Year
6 Gross Profit Margin
7 C)
2016|
19.4%
2015
32.0%
7
2016
2015
0.60
8 Year
9 Total Asset Turnover
0.64
10 D)
2016
4.77
2015
4.93
11 Year
12 Inventory Turnover
13 E)
14 Year
2016
2015
15 Current Ratio
1.23
1.39
16 F)
2016
2.52
17 Year
2015
18 Debt to equity
19 F)
1.49
2016
-10.69
2015
0.21
20 Year
21 Interest Coverage ratio
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