关于可口可乐公司的财务分析报告(英文版)Word文件下载.docx

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AboutCocaColaCofinancialanalysisreport

InthefinancialanalysisoftheCocaColaCo'

sfinancialcondition,thefollowingismybusinessanalysisreportofCocaColaCo:

CocaColaCooverview

CocaColacompanyisamajormanufacturerofnonalcoholbeverageconcentratesandsyrup,distributorandmarketer.Itsmainsellingconcentrate,waterandsomefinishedbeverages,bottlingandcanbusiness,distributorshave,authorizedmorethan400brands,includingCocaCola,dietcoke,FantaandSprite,andrichandvarieddietandsoftdrinks,water,fruitjuiceandjuicedrinks,tea,coffee,aswellasenergyandsportsdrinks.Inaddition,innumerousbottlingandcansofenterpriseownershipinterests.Productsareintheworldallgeographicareas.

CocaColaadvantageinEuropeparticularlystrong,marketsharereached50%,inJapan,CocaColacontrol80%ofsales.In1990,thecompany'

stotalprofits,fromJapan'

sprofitsaccountedfor21%,Europeaccountedfor33percentandotherinternationalmarketatotalof26%.Thecompanyisworld500strongenterprises.

CocaCola[3]manufacturing,distributionandconcentrationandfruitdrinks,CocaColaproductsitisfromandCocaColatwokindsofplantleavesandfruitsremovedadrinkmadefromjuice.Asamajorsectorofthecompanythefizzydrinkeveryyearsalesaccountedforthecompany'

stotalsalesamount80%ofthecarbonatedbeverageproductsaccountedfor88%ofthetotalprofitsofthecompany.CocaColacompanyintheUnitedStatesistheCocaColacompany'

slargestvendors;

thecompanyfoodmanufacturingandsalesoffrozen,concentratedcitrusandvariouskindsoffruitjuice,lemoncrystal,coffeeandtea.Liquorproductionandsalesofvariousbrandsofwine,mainlysoldinthedomesticmarket,isthefourthlargestLiquorproductionandsales;

thecompanyalsoproducesplasticfilmandotherconsumerproductssuchasdeodorant,wettowelpaper.

CocaColaearlyin1927isinTianjin,China,Shanghai,theestablishmentofabottlingplant,1979withChina'

sreformandopeningupandreturntotheChinesemarket,since1981hasinBeijing,Dalian,NanjingandXi'

anWuhan,Hangzhou,Guangzhouandotherplacesestablishedjointventurebottlingcompanies,andin1988inShanghaitoestablishtheCocaColaconcentrateplant,inadditiontousetogetridofimportedconcentratebottlingplantsinmainlandChina,butalsoexportedtoSoutheastAsia.

ThecalculationindexofCocaColaCofinancialstatements

ThefollowingismyonlinesearchtotheCocaColaCoin2006Report

（1）Coca-Colaparentcompanyconsolidatedincomestatement

（2）Coca-Colaparentcompanyconsolidatedbalancesheet

（3）Coca-Colaparentcompanyconsolidatedcashflowstatement

Throughtheabovestatementstodrawthefollowingconclusions:

Netsales=

Totalassetsturnover=sales/totalassets=24088/29963=80.39%

Totalassets=netinterestrate

ThefinancialanalysisofCocaColaCo

FromtheabovechartcanbeseenintheoverallperformanceoftheCocaColaCoisquitegood,mainlyreflectedinthefollowingaspects:

（1）sales

20042006-CocaColaCosalesaccordingtotheboxcalculation（unit:

1billioncases）

Firstinsalesitcontinuestomaintainthegrowthmomentumin52years,anincreaseof4%,butalsotoachievethecompany'

slong-termgrowthtargetsfortheexpectedhighlevels;

andtoachievebalancedgrowth,includingsteamdrinkinTEUtermsgrewby4%,thehighestgrowthsince1998;

donotcontainsteamdrinkbyTEUs,anincreaseof7%.

（2）salesrevenueandsalesprofit

Salesrevenueincreased4%to$24billion100million,whilesalesprofitsincreasedby4%

2004CocaColaCosalesrevenue（millionsofdollars）

2004CocaColaCosalesprofit（milliondollars）

（3）comparisonwiththeindustry

TheanalysisofCoca-ColawhenitsrivalPepsiisalwaysnotopenaroundthetopic.

OnDecember12,2005,CocaColastockmarketcapitalizationwasfirstoverrivalPepsi,thuslostmaintainedformorethanacenturylong"

cokeking"

title.InthisdayPepsicompleteditstotheCocaColaafterahundredyears.

Wehavetolookatthe2006Pepsifinancialsituation:

20062005growthrate

（inmillionsexceptpersharedata）

salesrevenue $35,137$32,5628%

Salesprofit $6,439$5,922 9%

Netsales $5,065$4,536 12%

Netincomepershare$3.00$2.66 13%

Netcashflowsfromoperatingactivities $6,084$5,852 4%

Paymentofdividends$1,854$1,642 13%

stockrepurchase $3,000$3,012 －

Then,letuslookattheother06yearsCocaColaCofinancialperformance.

BytheendofDecember31,200620062005growthrate

salesrevenue$24,088$23,1044%

Salesprofit$6,308$6,0854%

Netsales$5,080$4,8724%

Netincomepershare$2.161$2.0426%

Netcashflowsfromoperatingactivities$5,957$6,423-7%

Paymentofdividends$2,911$2,6789%

stockrepurchase$2,474$2,01923%

Fromtheperspectiveofprofitandsalesvolume,growthin2006Pepsigroupmorerobust.Andgeneratedfromoperatingactivitiesnetcashflowhasarisingtrend.Alldatacomparisonshowsthat,PepsiCo'

soperatingstatuscomparedtotheCocaColacompanyismoreoutstanding.

Excellentperformanceisalsoreflectedinthestockprice,asofJune8th,PepsiCo'

sclosingpriceofCoca-Cola$66.61,theclosingpriceof$51.67.

CocaColahasforitsconservativestrategypaidaheavyprice.AndPepsiColaisindiversificationmadegreatsuccess.Intheconsumerespeciallyyounggenerationhavefromsugarydrinkstotheeraofmorefunctionalhealthbeverage,Pepsiisthefirsttoseizetheopportunitiesintransition.Inadditiontotheflagshipcola,Pepsihassparednoefforttopromotethe"

Gatorade"

sportsdrinks,"

Tropicana"

juice,"

Aquafinabottledwater,fritolaysnackfoodsand"

Quaker"

oatmealdiversifiedproducts.

ItisworthmentioningisthatmergersandacquisitionshavebecomeamajortoolforrapidexpansionofPepsi,andthisisconsideredtobeaCocaColahemmedinbytheprimaryreasonfor2001purchaseofQuaker,afoodindustrygiant,isPepsi'

sgreatestsuccess,thecompanynotonlybythe"

brandhighgoldcontent,butalsoincreasetheshareofnoncarbonateddrinksinthemarket.Atthesametime,Pepsi'

sconveniencefoodbusinessscaleinonefellswoopexpansion.

Atpresent,thePepsimorethanhalfofthesalesrevenuefromsnackfoods,includingcoke,softdrinksalesrevenueonlyaccountedforlessthan20%.Incontrastis,CocaColanowmorethan80%oftheincomestillrelyonsoftdrinks,whichColasalesaccountedforthevastmajority.

（four）thefinancialevaluationoftheCocaColaCo

（1）thefinancialsituationofenterprises

Isshort-termoperatingcompanies,enterprisescanbemaintained,doesnotdependentirelyonwhethertheprofit,dependingonwhetherthereissufficientcashflow.Forthestableoperationofenterprises,itsaccountsreceivable,payableaccountsreceivableandinventorywillkeepstable,sooperatingactivitiesgeneratedcashflownetshouldgenerallybegreaterthannetprofit.Althoughenterprisesatpresent,thecomprehensivebudgetmanagementinveiledcriticism,but90percentoftheworld'

stop500enterprisesofenterpriseshaveestablishedcomprehensivebudgetmanagementsystem.

Budgetmanagementsystemisthecoreofthecashflowbudgetpreparationandaccuratecashflowbudgetcanbeforenterprisestoprovideearlywarningsignals,whichenablestheoperatortobeabletotakeearlymeasures.Inordertoaccuratelypreparecashflowbudget,theenterpriseshouldbethespecificobjectivestobeaggregated,andwouldbeexpectedfutureearnings,cashflow,financialsituationandinvestmentplansintheformofanumberofquantizationandexpressthem.Atthesametime,forfuturecashpaymentstoweek,month,season,sixmonthsorayearfortheforecastperiod,theestablishmentofrollingcashflowbudgetandfindthekeyfactorsofinfluencingenterprisecashflow.Atthesametime,theusesensitivityanalysistodevelopdynamiccashflowbudget,tobeTochangethepatternofthemarket.

Thesolvencyofshort-termdebt

Wecanconcludethatthecurrentcashflowrateanddebtratefiguresareclosetoperfectdata.Therefore,theCocaColaCowillnottaketheriskofshort-termdebtandpayoffthetwocompanies.

Enterprisefinancialriskinfinancialperformanceare:

shortageofcashflow,enterprisescannotbetimelypaytheduedebt,salesofnonnormaldecline,cashisgreatlydecreasedandaccountsreceivablegreatlyrise,abnormalfinancialratios,suchasassetturnoverrateisgreatlyreduced,assetsandliabilitiesrateincreasedtoagreatextentandsoon.Throughtheanalysisofsomeamountoffinancialindicators,suchassolvencyindicators,profitabilityindexanalysiscandeterminethesizeenterprisesarefacingthefinancialrisk.

Thelong-termsolvencyliabilities

Long-termdebtpayingabilitymainlyincludestheassetliabilityratio,especiallythetangibleassetsandliabilitiesrate,equityratio,hasbeenthetimesinterestearnedratioetc..=TotalL