Comparision

RATIO| YEAR| CONCLUSION| | 2009| 2010| 2011| | 1. net income margin| 8.5%| 9.5%| 9.2%| From 2009-2010: reliable signFrom 2010-2011: non good | 2. ROA| 9%| 10.3%| 8.9%| | 3. hard roe| 28%| 29%| 30%| | 4. Receivable derangement| 17.2x| 17.4x| 16x| | 5. Average collection finale| 21 days| 20.6 days| 22.4 days| | 6. Inventory swage rate| 11.1x| 10.3x| 10.1x| | 7. Fixed addition turnover| 6.9x| 6.6x| 6.3x| | 8. Total asset turnover| 1.1x| 1.1x| 1x| | 9. Quick balance| 0.6| 0.6| 0,5| | 10. Current proportion| 0.9| 0.9| 0.8| | 11. Debt to union ratio| 67.4%| 64.8%| 69.9%| | 12. Times interest earned| 10.1x| 19.1x| 17.7x| | 13. Fixed adulterate coverage| 3.1x| 3.5x| 2x| | ANALYSIS: *From 2010 to 2011: Inefficient operating period Generally, monetary ratios of Unilever in 2011 was non a good sign to investors and the shareh olderers. * Profitability ratio: * Profit m argin slightly declined in 2011 (down to 9.2 %), though the gross revenue change magnitude during the year. It proved that Unilever control the be and expenses inefficiently. The greets exceeded a material amount in revenues.

That was due to the cost inflation occurred in 2011 and the expenditure on new merchandising (advertising, promotion) and branding dodging increased. * ROA fell off from 2010 to 2011. Because Unilever could not maximise their asset in operating. Additionally, it due to the depreciation on the old assets which did not baffle income effectively. Moreover, in 2011, Unilever increased th eir short-term investiture (part of current! asset) to R&D department for conception which might not contribute to the revenue immediately. * roe in 2011 is toweringer than in 2010. Because the total equity reduced a little. On the early(a) hand, due to declining on profit margin, this increased in ROE resulted from an increasing in debt to total asset ratio. Therefore, ROE is steep but not positive....If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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