FIN350 Benchmark - Teresita

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Grand Canyon University *

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Finance

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Jan 9, 2024

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docx

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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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