finacial statement analysis
Aristocrat Leisure Limited and Ainsworth Game Technology Limited are the two Australian companies operating in the industry of gambling technology as well as traded on the Australian Stock Exchange. By critically analyzing their financial and accounting information primarily from 2001/2002 the annual financial reports and relevant available sources, this report is to assess and compare the financial situations of both companies which focus on five areas in terms of financial measurement: Liquidity and Short-term Solvency, Operating Efficiency, Capital Structure and Long-term Solvency, Profitability and Return on Investors.Combining all the factors above being analyzed, Aristocrat Leisure Limited is considered at a better financial position although it is relatively risky with its capital structure and long-term solvency, in which less protection is available in Aristocrat for long term debt holders, Aristocrat Leisure Limited also has much room to improve in the operation efficiency, the control of heavy sales and distribution expenses; Ainsworth Gaming Technology was experiencing a difficult financial situation particularly at net loss in the first financial year of going public and probably continue
1. Calculated by regressing 5- year of monthly returns from the company against the monthly returns on the market
Some topics in this essay:
Total Asset,
Aristocrat Ainsworth,
Company Limited,
Game Technology,
Name Aristocrat,
Multiples P/E,
Leisure Limited,
Ainsworth Furthermore,
Overview Background,
Liquidity Liquidity,
profit margin,
share price,
current share,
current share price,
valuation based,
fundamental analysis,
based fundamental analysis,
capital structure,
based fundamental,
based current,
valuation based fundamental,
based current share,
net profit,
aristocrat leisure,
analysis valuation based,
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Approximate Word count = 4837
Approximate Pages = 19 (250 words per page double spaced)
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