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Financial Statement Analyses of Apple

Authors:
  • Abu Dhabi University, The University of Oxford, and The University of Liverpool

Abstract

In this project, I will present the financial statement analysis of Apple Company. The ratios of Apple can help us to understand the status of the company. We evaluate the current status of Apple’s liquidity using the current ratio, the liquidity ratio, and, the cash ratio. We have also analyzed the performance of apple using several ratios (Bayzid et al., 2020). We have downloaded the data from Yahoo Finance:
Financial Statement Analyses of Apple
Osama Al Kibaida
Abu Dhabi University, Email: 1053737@students.adu.ac.ae
Supervised by
Professor Haitham Nobanee
In this project, I will present the nancial statement analysis of Apple
Company. The ratios of Apple can help us to understand the status of the
company. We evaluate the current status of Apple’s liquidity using the
current ratio, the liquidity ratio, and, the cash ratio. We have also analyzed
the performance of apple using several ratios (Bayzid et al., 2020). We have
downloaded the data from Yahoo Finance:





Total Assets
338,516,000
365,725,000
375,319,000
321,686,000
Total Liabilities Net Minority Interest
248,028,000
258,578,000
241,272,000
193,437,000
Total Equity Gross Minority Interest
90,488,000
107,147,000
134,047,000
128,249,000
Total Capitalization
182,295,000
200,882,000
231,254,000
203,676,000
Common Stock Equity
90,488,000
107,147,000
134,047,000
128,249,000
Net Tangible Assets
90,488,000
107,147,000
126,032,000
119,629,000
Working Capital
57,101,000
14,473,000
27,831,000
27,863,000
Invested Capital
198,535,000
221,630,000
249,727,000
215,281,000

!"#   
$##
!
1.49 1.3 1.3
%& ! ' '( '((
$)* ! '+ '+ ',
ratio/year current ratio Quick ratio cash ratio
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2019
2018
2017
The current ratio was 1.3 in 2017 and 2018, but it is increased in 2019 to be
1.49. Quick ratio was 1.44 in 2017, then it is decreased in 2018 to be 1.24
and then increased in 2019 to be 1.28, cash ratio was 0.73 in 2017, then
became 0.57 in 2018 and then increased again in 2019 to be 0.95.
,- !)!./!.!/0
!"#   
1-!#
#!-#
(' ,' ('(
-
#!-#
'+  
!))
#!-#
+' ('
ratio/year
inventory turnover
recievable turnover
total assets turnover
0
5
10
15
20
25
30
35
40
45
2019
2018
2017
For inventory turnover, it shows that it was 40.4 in 2017 and then decreased
to be 37.8 in 2018, then it is increased again to be 40.1 in 2019, for
receivable turnover it was 18 in 2017, then it is increased in 2018 to be 19,
then it is decreased in 2019 to be 17.58, for total assets it is 4.89 in 2017,
then it is increased to be 5.8 in 2018 and also keep increasing in 2019 to be
8 (Almutairi and Nobanee, 2020).
( !)!.00
!"#   
 ! '+ ', '
/)1#)
# !
',, ', ',
debit ratio times interst
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
2019
2018
2017
+#!2 !)!.00
!"#   
#! ++'3 ('(3 ,'3
#!
)))
+'3 '3 ,'3
#!24#5 ,'3 ,',3 ,'+3
6CFA 2020 https://www.wallstreetmojo.com/protability-ratios-formula/
ratio/year
inventory turnover
recievable turnover
total asset turnover
0
10
20
30
40
50
60
2019
2018
2017
as it shows from the table the return on equity was 36.9% in 2017, then it is
increased in 2018 to be 49.4%, then it keeps increasing in 2019 to be
55.9% . for return on assets, it is 13.9%c in 2017, then increased on 2018 to
be 16.1 % and it is reduced again in 2019 to be 15.7%, for margin it is 38.5%
in 2017, it is reduced in 2018 to be 38.3%, then it is continuing decrease in
2019 to be 37.8% (Bint-Tariq et al, 2020) .
References
Andrew Bloomenthal , reviewed by David Kindness , May , 14 , 2020 ,
https://www.investopedia.com/terms/r/ratioanalysis.asp
Verizon media, 2020, https://nance.yahoo.com/quote/AAPL/balance-
sheet?p=AAPL
S&P Global Market Intelligence.,2020 , S&P ,
https://nbox.com/NASDAQGS:AAPL/explorer/inventory_turnover
Discover CI , 2020 ,
https://www.discoverci.com/companies/AAPL/accounts-receivable-
turnover
Macrotrends LLC , 2020
https://www.macrotrends.net/stocks/charts/AAPL/apple/debt-equity-
ratio
Macrotrends LLC , 2020
https://www.macrotrends.net/stocks/charts/AAPL/apple/nancial-
statements
WallStreetMojo. CFA 2020 https://www.wallstreetmojo.com/protability-
ratios-formula/
Verizon Media , 2020 https://nance.yahoo.com/quote/AAPL/balance-
sheet?p=AAPL
Billy Duberstein , Oct 10, 2019 at 7:09AM,
https://www.fool.com/investing/2019/10/10/its-time-to-get-excited-
about-apples-stock-again.aspx
ANDREW BEATTIE ,, Sep 22, 2019
https://www.investopedia.com/articles/personal-nance/042815/story-
behind-apples-success.asp
Bayzid, Mohammad and Alshamsi, Asma and Albeshr, Salah and Smith, Aaron
and Al Mulla, Shamma and Almutairi, Meshal and Nobanee, Haitham,
Overview of Financial Institutions in the United Arab Emirates (2020).
Available at SSRN: https://ssrn.com/abstract=3579299 or
http://dx.doi.org/10.2139/ssrn.3579299
Bint-Tariq, Mah-Noor and Al Dhaheri, Ahmed and AlMazrouie, Alia and Al-
Blooshi, Laila and Al Mazrouei, Fatima and Nobanee, Haitham, Ratio Analysis
of Emaar (2020). Available at SSRN: https://ssrn.com/abstract=3603270 or
http://dx.doi.org/10.2139/ssrn.3603270
Almutairi, Meshal and Nobanee, Haitham, Articial Intelligence in Financial
Industry (2020). Available at SSRN: https://ssrn.com/abstract=3578238 or
http://dx.doi.org/10.2139/ssrn.3578238
... The responsibility measure and ratio (full scale obligation to resources) measure thinks about both huge length responsibilities, similar to home credits and securities, and current or transient responsibilities like rent, utilities, and advances making in less than a year. The two measure and ratios, coincidentally, encompass the total of a business' resources, including liberal resources, for instance, stuff and stock and unnecessary resources, for instance, accounts receivables (Al Kibaida and Nobanee, 2020). Since the firm obligation to resources measure and ratio joins extensively more an alliance's liabilities, this number is reliably higher than a connection's genuinely long obligation to resources measure and ratio. ...
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Marriott International Inc is an overall association that works inside the benevolence likewise, staying organizations industry. Sound judgment would propose that financial backers should take advantage of the wealth of information gave in an association's monetary rundowns to help them with surveying the association as a theory. As time has advanced throughout the most recent 4 years, we can see that the liquidity proportions have consistently totally expanded. This demonstrates that Marriott International has more money available to spend on new undertakings and to cover its obligations on the off chance that they are called upon. Marriott's Net Profit Margin is higher than the business typical of 1.4%. Its Return on Equity is also profoundly higher than the business typical pace of 2.7%. In light of these, and of Marriott pulling off such estimations in outrageous monetary events, I would propose placing assets into Marriott.
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