Performance Sports Group: To Invest or Not to Invest

2017 ◽  
Vol 6 (1) ◽  
pp. 76-85
Author(s):  
Erin P. Jackson ◽  
Stefania Ciulla ◽  
Frederik Ehlen ◽  
Ayobami Ogunlana ◽  
Jess C. Dixon
Keyword(s):  
New York ◽  
Financial Performance ◽  
Parent Company ◽  
Financial Ratios ◽  
Stock Exchanges ◽  
Industry Analysis ◽  
Publicly Traded ◽  
Sporting Goods ◽  
Financial Analyses

In August of 2015, Felix Farmer received notice that he would be inheriting a large sum of money from his great-uncle’s will. Farmer is contemplating investing $50,000 CAD ($38,251 USD) of his inheritance in the parent company of his favorite hockey brand, Bauer. Performance Sports Group (PSG) is a leading manufacturer in the global sporting goods industry that is publicly traded on both the Toronto and New York Stock exchanges, and the parent of such highly successful brands as Bauer and Easton. This case study challenges students to calculate financial ratios, apply various other financial analyses to understand the financial performance of PSG, and complete a Porter’s (2008) Five Forces industry analysis as a means of deciding whether Farmer should invest a portion of his inheritance with PSG.

scholarly journals Evaluation of the Financial Performance of Tourism Companies Traded in BIST via a Hybrid MCDM Model

1970 ◽  
Vol 2 (4) ◽  
pp. 20-32
Author(s):  
Ahmet Aytekin
Keyword(s):  
Financial Performance ◽  
Added Value ◽  
Financial Ratios ◽  
Publicly Traded ◽  
Return On Equity ◽  
Coverage Ratio ◽  
Thomson Reuters ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

Tourism, the smokeless industry, has increasing importance in the development of countries because it creates added-value and employment. In Turkey, one of the World's most visited countries, the importance of this sector makes itself felt in economic crisis periods. On the other hand, in terms of investors, tourism companies always have the potential to be included in their portfolios. In this context, the aim of this study evaluates the financial performances of tourism companies publicly traded in BIST. For this purpose, the data of 2014-2018 were obtained from the Thomson Reuters Datastream database. The current ratio, quick ratio, cash ratio, debt ratio, total debt/equity ratio, net margin, return on equity, interest coverage ratio, total asset turnover, inventory turnover, and receivable turnover were used as financial ratios. The CRITIC method, one of the objective weighting methods, was applied to determine the importance level of financial ratios. A hybrid model consisting of MAUT, PROMETHEE and TOPSIS was used for evaluation of the companies. These techniques are based on different perspectives and algorithms. In this model, Borda was applied for aggregation of each techniques' ranking values. Thus, the financial performance of the tourism companies for the years 2014-2018 was evaluated more effectively. In conclusion, the company with the best financial performance is Marmaris Altınyunus (MAALT) in this period.

scholarly journals EVALUASI KINERJA KEUANGAN PERUSAHAAN MAKANAN BERBASIS ANALISIS RASIO KEUANGAN: SEBUAH STUDI KASUS

2018 ◽  
Vol 6 (2) ◽  
pp. 231-239
Author(s):  
Alexander Joseph Ibnu Wibowo
Keyword(s):  
Factor Analysis ◽  
Financial Performance ◽  
Stock Exchange ◽  
Single Case ◽  
Financial Ratios ◽  
Net Income ◽  
Financial Ratio ◽  
Operating Income ◽  
Food Company

This study aims to analyze trends in financial performance of a food company and test the validity of financial ratio instruments that have been used by financial practitioners and academics. For this reason, we designed an exploratory study through a single case study at a food company listed on the Indonesia Stock Exchange (IDX). We analyze the company's financial data using a variety of ratio analysis commonly used in financial disciplines, such as operational ratios, financial ratios, and stock performance. The analysis was deepened by describing the results of factor analysis to test the validity of financial ratio instruments. We find that the company's financial performance tends to fluctuate over time. When viewed from the sales side, the company's performance showed an increase since 2010. If we observe the profit margin, the company's financial performance tends to decrease. Operational ratio trends also show a decline from 2013 to 2015. Furthermore, the results of factor analysis indicate that the ratio of net income to overall assets is the strongest indicator to measure the company's financial ratios. In contrast to previous studies, this study found that the ratio of operating income to equity was not proven valid as a measure of financial ratios. In summary, this study succeeded in providing significant contributions and novelty for practical and theoretical interests through the validation of financial ratios that are widely used so far.

scholarly journals The Nexus between Financial Performance and Equilibrium: Empirical Evidence on Publicly Traded Companies from the Global Financial Crisis Up to the COVID-19 Pandemic

2021 ◽  
Vol 14 (5) ◽  
pp. 218
Author(s):  
Larissa Batrancea
Keyword(s):  
New York ◽  
Financial Performance ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Future Research ◽  
Publicly Traded ◽  
Financial Equilibrium ◽  
Long Run ◽  
The Global Financial Crisis

Financial performance and financial equilibrium are two key aspects that should be monitored by any business manager interested in passing the test of time and overcoming unpredictable events such as economic crises. The organic link between financial performance and financial equilibrium has rarely been studied in the long run for companies listed on the stock market. The present article fills this gap in the literature by examining the degree to which financial performance influenced long-term financial equilibrium using data from 34 major companies publicly traded on the New York Stock Exchange and operating around the world in a wide variety of industries and sectors. The period of analysis spread over a decade (2007Q1–2020Q3) in order to cover two major crises that have marked the dawn of the third millennium and occurred relatively close to one another: the 2008 financial meltdown and the COVID-19 pandemic crisis. By means of panel data modelling, the study showed that the short-term and long-term financial equilibria of these public companies measured by current ratio, quick ratio and debt to equity ratio were significantly impacted by different financial performance indicators. The study addresses various implications of the empirical results and lays out avenues for future research.

scholarly journals Analysis of The Implementation of UEFA Financial Fair Play: A Case Study on Arsenal and Machester United Football Club

2014 ◽  
Vol 5 (1) ◽  
pp. 123 ◽  
Author(s):  
Sendy Sendy ◽  
Gatot Soepriyanto ◽  
Nuraini Sari
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Financial Ratios ◽  
Fair Play ◽  
Football Club ◽  
Financial Fair Play ◽  
Football Clubs ◽  
European Football

This study aims to analyze the implementation of UEFA Financial Fair Play (FFP) to European football clubs. Research is conducted based on Arsenal and Manchester United football clubs financial statements for 2010-2012. The study uses financial simulation to test whether the two England-based club are able to meet the UEFA FFP rules. Analyses were also conducted on the financial performance ratios of both clubs and their effects on the implementation of the UEFA FFP. The result is the two clubs can meet the standard provisions for the implementation of UEFA FFP. In the assessment of financial performance, Arsenal have a slightly better financial ratios than Manchester United. Performance aspects of profitability and solvency became an issue in the implementation of UEFA's FFP, related with debt holdings and high salaries that owned by both clubs.

PENGGUNAAN NILAI-NILAI DISKRIMINAN ALTMAN UNTUK MENGUKUR KINERJA KEUANGAN PT. FAVO STAR FASTINDO GARMENTS TAHUN 2002 - 2004

2018 ◽  
Vol 2 (02) ◽  
pp. 21
Author(s):  
Ismulyana Djan ◽  
Nasai .
Keyword(s):  
New York ◽  
Financial Performance ◽  
Z Score ◽  
New York University ◽  
Z Scores ◽  
Quantitative Descriptive ◽  
Set Up ◽  
The Relationship ◽  
Descriptive Method

The research used quantitative descriptive method by emphasizing case study, the purpose of the research was to get the clear and wide picture of the problem in the hope that the writer can set up the relationship and trend of the phenomenon when the research was being done.  The method the writer used in analyzing the financial performance of PT. Favo Star Fastindo Garments is Z-Score (Multivariance Discriminant Analysis) created by Prof. Edward I Altman from New York University. The mathematical equation of the Z-Score = 1.717 X I + 0.847 X2 + 3.107 X3 + 0.420 X4 + 0.998 X5.  Based on the general analysis from 2002 to 2004 and trend for 2005, it can be concluded that the financial performance of PT. Favo Star Fastindo Garments was categorized as “healthy” with declining efficiency. This was proved by all the Z-Scores that lower than healthy standard Z-Score from Altman. However, in time detailed analysis  the ZScores  tend to decrease, caused by discriminant values from  2002 – 2004 that tend to decrease, even in 2005 trend analysis the discriminant value was 3 X 3, that is smaller than standard healthy value from Altman. This was a warning for the management to instantly conduct improvement action, if not in the coming years other discriminant values may be fall which automatically the Z-Score also falls and eventually lead to the company’s bankruptcy

Does online rating affect firms’ performance in hotel industry? Case study from hotel groups in China

2019 ◽  
Vol 3 (2) ◽  
pp. 46-53 ◽  
Author(s):  
Md. Jahidur Rahman ◽  
Xu Yufei
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Regression Models ◽  
Hotel Industry ◽  
Previous Literature ◽  
Financial Data ◽  
Financial Ratios ◽  
Rating Data ◽  
Online Rating

The purpose of this study is to investigate whether online rating affects the firm performance of hotel companies in China. For the purpose of this research, the data consists of online customer rating data and financial data from 2013 to 2017. This study is a case study and five representative hotel groups were selected to do the research. The regression models were built up to test the relationships. Using various common financial ratios to measure firm performance and a large online rating sample from the five hotel groups in China, the research finds that online rating is not related to the financial performance of the hotel industry in China. These results support part of findings from previous literature and add so

scholarly journals ANALISIS LAPORAN KEUANGAN UNTUK MENILAI PRESTASI PERUSAHAAN MANUFAKTUR SUB SEKTOR SEMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2017 ◽  
Vol 5 (2) ◽  
Author(s):  
Melvi Yansi
Keyword(s):  
Financial Performance ◽  
Activity Ratio ◽  
Financial Statements ◽  
Financial Ratios ◽  
Stock Exchanges ◽  
Cash Management ◽  
Management Company

Melvi Yansi: This study aims to better know the performance of cement companies were assessed from the financial statements, by taking samples of the two cement companies listed on stock exchanges of Indonesia, namely PT. Indocement Tunggal Perkasa Tbk and PT. Holcim, Tbk from 2014 until 2015. This research is comparative, according to four financial ratios may indicate that the financial performance. Indocement Tunggal Perkasa, Tbk is good enough only for the activity ratio and ROE, and ROI are still not good, while financial performance. Holcim, respectively Tbk unfavorable. PT. Indocement Tunggal Perkasa, Tbk expected to be able to sustain the financial performance of existing and further enhanced in the utilization of current assets, whereas for PT. Holcim, Tbk to be able to improve the financial performance of existing again with lebik better cash management company that will be used to pay liabilities of the company.Key Words: Financial Statements, Financial Ratios.

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