scholarly journals An Empirical Research on Shinepukur Holdings Ltd: Strategy, Accounting, Ratio, Sensitivity and Prospective Analysis

2017 ◽  
pp. 83-92
Keyword(s):  
Real Estate ◽  
Operating Performance ◽  
Market Price ◽  
Balance Sheet ◽  
Real Estate Industry ◽  
Strategy Formulation ◽  
Short Term ◽  
Income Statement ◽  
Point Analysis ◽  
Day By Day

This paper examines how Shinepukur holdings ltd is going well or not? The major operations of the company are related to the development of lands and building apartments. Its operating performance is now going down because of the inefficient strategy formulation. The company cannot use its resources in full swings. Real estate customers purchase land or apartments on credit. Sometimes they fail to pay with in due time. Identifying the projects which customers will pay their credit within short term is important in this business. This policy is not followed by shinepukur. Moreover Managers had taken some unprofitable projects which brought negative return for the company. The company’s core businesses are Apartment project and Land project. Competition in real estate industry is increasing day by day. After du-point analysis, we have found that company’s performance is very much sensitive to its profit margin. In the valuation part we have found the company’s present of equity per share is negative where share market price is 28.50 taka in the last trading day of 2015. This figure indicates market price of share is overvalued. Investors should not buy this company’s share. In prospectus analysis we have made forecast for next three years income statement, balance sheet, cash flow statement on the basis of common size statement analysis.

scholarly journals Analisis Kinerja Keuangan dengan Menggunakan Metode Common Size pada PT. Holcim Indonesia Tbk

2019 ◽  
Vol 3 (1) ◽  
pp. 153-159
Author(s):  
Riri Rifardi ◽  
R. Deni Muhammad Danial ◽  
Dicky Jhoansyah
Keyword(s):  
Financial Performance ◽  
Balance Sheet ◽  
Financial Statements ◽  
Profit Margin ◽  
Short Term ◽  
Descriptive Research ◽  
Income Statement ◽  
Net Profit ◽  
Margin Of Safety ◽  
The Common

Financial statements are used as a tool to find out how the financial performance of the company and can produce useful conclusions. This study aims to determine the financial performance of PT. Holcim Indonesia Tbk, which headlined the 2013-2017 balance sheet and income statement using the common size method. The research method applied in this study is to use descriptive research with a quantitative approach. The results of research conducted indicate the current assets of PT. Holcim Indonesia Tbk is not comparable with the short-term liabilities that are borne by the company, this shows the low liquidity of the company, from solvency, the company uses the capital on the assets of most of the liabilities owned, thus decreasing the level of company sovability and can make a low margin of safety for creditor. Judging from the income statement, it shows that the marketing strategy of the company is not good, as seen from the increase in cost of goods sold and making the gross profit margin decrease. For the company's ability to generate profits, the company's net profit margin from year to year has decreased to a loss in 2016-2017. This shows that financial performance has deteriorated because the company's profitability has always declined to the point of loss. Keywords: Financial Performance, Financial Statements, Common Size Method.

Study on Evaluating the Sustainable Development of Real Estate Based on Extention Theory

2012 ◽  
Vol 174-177 ◽  
pp. 3519-3522
Author(s):  
Cai Yun Cui ◽  
Hua Zhao ◽  
Guo Bo Han
Keyword(s):  
Sustainable Development ◽  
Real Estate ◽  
Extension Theory ◽  
Evaluation Index System ◽  
Real Estate Industry ◽  
Short Term ◽  
The Sustainable Development ◽  
The Real Estate ◽  
Residential Demand ◽  
Short Term Investment

In real estate industry, there exist some contradictions, including less land supply and higher residential demand, high residential vacancy rate and growing residential demand, resource waste owing to short-term investment and limited resources, high prices and low purchasing power. The paradox matter-element extension theory is fit for the contradictive study, and consistent with the sustainable development of the real estate industry in terms of research subject, logic theory, and variability. On basis of these, this Study establishes extension-theory-based evaluation index system for sustainable development of real estate industry, in which the indices are categorized into five groups: economy and finance, social equality, ecological environment, resources utilization, and government management.

scholarly journals Analisis Rasio Keuangan Pada PT. Bluebird Tbk Setelah Adanya Sarana Transportasi Berbasis Online

2019 ◽  
Vol 8 (1) ◽  
pp. 71
Author(s):  
Marchel R. A. Goni ◽  
Dolina L. Tampi ◽  
Wilfried S. Manoppo
Keyword(s):  
Good Condition ◽  
Balance Sheet ◽  
Ratio Analysis ◽  
Short Term ◽  
Financial Ratio ◽  
Income Statement ◽  
Income Ratio ◽  
Relationship Of ◽  
The Relationship ◽  
Transportation Facilities

The purpose of this study was to analyze the Financial Ratio at PT Bluebird Tbk after the existence of online-based transportation facilities. The company's problem arose since the entry of online transportation facilities where there was a significant decrease in income. Ratio analysis in the opinion of Munawir An analytical method to determine the relationship of certain items in the balance sheet or income statement individually or in a combination of the two reports. The research method used is liquidity ratio, solvability ratio and profitability ratio. The results show that the relationship between liquidity and solability can be said to be "liquid and solvable", meaning that the condition of the company is declared healthy and in good condition because the company is able to pay off its obligations that are due on time. Furthermore, the relationship between solvency and profitability can be said as "solvabel and inprofit", meaning that the condition of total corporate debt tends to decrease, not accompanied by a decrease in profit from year to year. Declining profit growth does not affect the rate of return on short-term debt from the company. This means that even though profits are reduced, the company can still return the current debt fairly well. Thus, after the entry of other online-based transportation facilities there is a downward trend in indicators of profitability, while in the other two indicators tend to be in a good position. This is because the company has not been able to manage financial performance in terms of profitability efficiently.

scholarly journals Can Fundamental Analysis Support Shareholder Value In A Transitional Market? Perspectives From Egypt

2011 ◽  
Vol 5 (1) ◽  
Author(s):  
Tarek Ibrahim Eldomiaty
Keyword(s):  
Capital Investment ◽  
Shareholder Value ◽  
Balance Sheet ◽  
Debt Financing ◽  
Financial Information ◽  
Fundamental Analysis ◽  
Short Term ◽  
Income Statement ◽  
Medium Firms

This study examines the informativeness of fundamental financial information to three levels of shareholder value. In general, the results show that the fundamental financial information is quite informative to shareholders using the MB ratio as a measure of shareholder value. According to the sensitivity analysis, (1) the balance sheet items are not quite informative, (2) the income statement items are consistently informative to shareholders at the three classes, and (3) the financial ratios, as a form of co-integrated financial information, are quite informative to the high and low shareholder value classes. The results regarding the fundamental analysis indicate that (a) in the three levels of MB firms, investors are concerned with the short-term horizon, (b) in the low MB firms, the investors are concerned with the long-term horizon, (c) in the high and low MB firms, the operating and total expenses are regarded as a capital investment, (d) in the high MB firms, the trend is to finance operations using equity rather than debt financing, (e) profitability affects low MB firms only rather than high and medium firms, (f) in the high and medium MB firms, investors do not regard the elements related to firms operations, (g) in the low MB firms, investors are concerned with the effects of capital structure on firms value although the results show that dividends have a reverse effect on firms market value.

scholarly journals Blockchain Technology and Real Estate – a cluster analysis of applications in global markets in the year 2021

2021 ◽  
Vol 129 ◽  
pp. 03027
Author(s):  
Philipp Schmidt ◽  
David Elferich
Keyword(s):  
Cluster Analysis ◽  
Real Estate ◽  
Balance Sheet ◽  
Value Added ◽  
Regional Differentiation ◽  
Real Estate Industry ◽  
Financial Industry ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology

Research background: Since the announcement by entrepreneur Elon Musk in the year 2021 about the inclusion of Bitcoin on the balance sheet of his automotive company Tesla, the economic significance of cryptocurrencies for the financial industry is taking on progressive importance. In addition to the financial economic consideration of cryptocurrencies, the underlying blockchain technology is undergoing a disruptive growth across industries – e.g. from automotive to real estate. Accordingly, in the report ‘Deep Shift Technology Tipping Points and Societal Impact’, the World Economic Forum predicted a far-reaching significance of the blockchain technology as early as 2015, and in 2020, the Global Future Council published a finding that the crypto market has reached a point of inevitability. Purpose of the article: The aim of this paper is to examine the degree of integration of the blockchain technology within the framework of a current market investigation using the real estate industry as an example. The leading application areas of the blockchain technology in the real estate industry will be presented. Methods: The market investigation of this paper is based, among other things, on a cluster analysis that examines a regional differentiation of the application areas on a global level. Findings & Value added: In this context, the market research indicates that the blockchain technology can be applied significantly in the real estate industry and that the Global Future Council finding can be replicated in many areas.

scholarly journals ANALYSIS OF BREAK-EVEN POINT IN CV.BATA CIKARANG INDONESIA

2020 ◽  
Vol 7 (9) ◽  
pp. 259-267
Author(s):  
Agus Jamaludin
Keyword(s):  
Quantitative Data ◽  
Research Method ◽  
Balance Sheet ◽  
Field Research ◽  
Library Research ◽  
Income Statement ◽  
Point Analysis ◽  
Research Objects ◽  
Break Even Point ◽  
Existing Data

This study was obtained from the balance sheet and income statement of CV Bata Cikarang Indonesia in 2018, then the title is: Break Event Point Analysis on CV Bata Cikarang Indonesia. The goal is to find out the performance of CV Bata Cikarang seen from the company's Break Event Point. The research method is Field Research by visiting research objects and conducting interviews, and Library Research by exposing existing data in the form of Balance Sheet and Profit and Loss reports, and sales of data in the form of quantitative data and in the form of descriptive. Break Event Point analysis is performed to determine the company's financial performance, can also be used as a reference in making decisions that affect the company's future. As for the results in 2017 the BEP unit is 1,055,194 and the rupiah BEP is IDR 422,077,922 and 2018 the BEP unit = 1,027,397.26 and the IDR BEP is IDR 462,392,108.

scholarly journals Financial liquidity of the horticultural enterprise PPO Siechnice in Poland

Equilibrium ◽  
2010 ◽  
Vol 5 (2) ◽  
pp. 243-252
Author(s):  
Irena Kropsz
Keyword(s):  
Balance Sheet ◽  
Food Sector ◽  
Short Term ◽  
Financial Reports ◽  
Financial Condition ◽  
Income Statement ◽  
Key Issues ◽  
Financial Liquidity ◽  
A Company ◽  
Lower Silesia

One of the key issues in evaluating the financial condition of a company is the analysis of assets in relation to the due indebtedness, i.e. short-term obligations. Liquidity ratios calculated in such a manner help in the drawing of conclusions on the liquidity of the enterprise and its ability to pay its short-term liabilities. This paper examines the financial liquidity in 2005-2007 of a horticultural enterprise, producing and selling food, based on information available in the balance sheet, income statement, and the cash flow statement, as published in the company's financial reports. The company was selected using the following criteria: location in Lower Silesia, Poland, in a municipal-rural commune, and operating in the agricultural-food sector. The study was based on business books of the examined company. The economic analysis involved mainly the financial liquidity ratios. Additionally, descriptive and comparative methods were used to characterize and interpret the results. The results of the study show that the company had a good financial situation and had no problems with payment of current obligations without waiting for accounts receivable or de-stocking. Additionally, liquidity analysis based on transfers from its operating activity showed that the obligations of the examined company could be covered by money obtained during its operating activities.

Do Firms Incur Costs to Avoid Reducing Pre-Tax Earnings? Evidence from the Accounting for Low-Income Housing Tax Credits

2010 ◽  
Vol 85 (2) ◽  
pp. 637-669 ◽  
Author(s):  
Leslie A. Robinson
Keyword(s):  
Real Estate ◽  
Low Income ◽  
Market Price ◽  
Tax Credits ◽  
Tax Credit ◽  
Income Statement ◽  
Confidential Data ◽  
Corporate Investors ◽  
The Right ◽  
Low Income Housing

ABSTRACT: Examining corporate investment in low-income housing tax credits reveals that firms are willing to incur costs in order to manage the income statement classification of an expense. Accounting rules allow investors who purchase a tax benefit guarantee to amortize their equity in a real estate partnership as a tax expense, rather than as an operating expense, thus avoiding a reduction in pre-tax earnings. Using confidential data from tax credit syndicators, I model the market price of a tax credit as a function of the existence of the guarantee, controlling for foreclosure risk on the underlying real estate. The results are consistent with the hypothesis that an economically significant amount of the guarantee fee is paid by corporate investors for the right to use an accounting method that avoids reductions in pre-tax earnings.

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