FIN350 Benchmark - Teresita
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Benchmark- Financial Analysis Project
Apple Inc.
Teresita Vega
Colangelo College of Business, Grand Canyon University
FIN-350, Fundamentals of Business Finance
Scott Davis
February 5, 2023
1
Apple Inc.
Apple Inc. is an American multinational technology company headquartered in
Cupertino, California. Apple was founded as Apple Computer Company on April 1, 1976, by
Steve Wozniak, Steve Jobs, and Ronald Wayne.
When Jobs resigned in 2011 for health reasons
and died two months later, he was succeeded as CEO by Tim Cook. It is currently the largest
technology company as of June 2022. Apple's mission is “to bring the best user experience to its
customers through innovative hardware, software, and services.” Apple designs, manufactures,
and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a
variety of related services. Some of its most popular products are iPhones, iPads, Apple Watches,
Macs, AirPods, among others. As of 2022, Apple has 522 stores open in 25 different countries,
273 of which are in the United States of America
[ CITATION Gav22 \l 1033 ].
From sec.gov
Company
$ in millions
As of September 25, 2021
As of September 26, 2020
Cash / Marketable
Securities
$62,639
$90,943
AR
$26,278
$16,120
Inventory
$6,580
$4,061
Other Current Assets
$39,339
$32,589
Total Current Assets
$134,836
$143,713
Fixed Assets
$216,166
$180,175
Total Assets
$351,002
$323,888
AP
$54,763
$42,296
Other Current
Liabilities
$70,718
$63,096
Total Current
Liabilities
$125,481
$105,392
Non-current Liabilities
$162,431
$153,157
Total Liabilities
$
287,912
$258,549
Total Stockholder’s
Equity (End. Balances)
$
63,090
$65,339
2
Total Net Sales /
Revenue
$365,817
$274,515
COGS
$212,981
$169,559
EBIT
$108,949
$66,288
Interest Expense
$258
$803
Earnings / Net Profit /
After Tax Profit
$94,680
$57,411
Stock Price
$176.32
$130.95
Ratios
From chapter 14
From sec.gov
x
Company
(Apple Inc.)
Competitor
(Microsoft)
Ratio Category
Ratio Name
(choose 1 from
each category)
Ratio Formula
*September
2020 ratio
September
2021 ratio
September
2021 ratio
1.Liquidity
Current Ratio
Current Assets /
Current Liabilities
1.36
1.07
2.17
2.Effectiveness
/ Asset Mgmt
Inventory
turnover
Sales or COGS /
Inventory
41.75
32.37
17.95
3.Leverage
Debt to Equity
Total Debt / Total
Equity
3.96
4.56
1.21
4.Profitability
Return on
Assets (ROA)
Net Income Available
to Common / Total
Assets
0.18
0.27
0.21
*These companies end their fiscal years in September each year.
3
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