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    ROE NI/EBT X EBT/EBIT X Sales/Total Assets X Total Assets/Common Equity

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    asadguy2000
    What is the nature of ASICS business? That is, based on what you know about the company and on the accompanying financial statements, how does ASICS make money? ASICS is a manufacturer of general sporting goods and equipment with most advanced research facilities and business in four continents. Asia, United States, Europe and Australia. It generates money from direct sales of its equipment, interest dividends, investment in short term securities, trade mark infringements and treasury stock.

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    ROE NI/EBT X EBT/EBIT X Sales/Total Assets X Total Assets/Common Equity

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    asadguy2000
    35 views6 pages
    What is the nature of ASICS business? That is, based on what you know about the company and on the accompanying financial statements, how does ASICS make money? ASICS is a manufacturer of general sporting goods and equipment with most advanced research facilities and business in four continents. Asia, United States, Europe and Australia. It generates money from direct sales of its equipment, interest dividends, investment in short term securities, trade mark infringements and treasury stock.

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    ASICS CORPORATION

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    What is the nature of ASICS business? That is, based on what you know about the company and on the accompanying financial statements, how does ASICS make money? ASICS is a manufacturer of general sporting goods and equipment with most advanced research facilities and business in four continents. Asia, United States, Europe and Australia. It generates money from direct sales of its equipment, interest dividends, investment in short term securities, trade mark infringements and treasury stock.

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    Attribution Non-Commercial (BY-NC)
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    Download as xlsx, pdf, or txt
    35 views6 pages

    ROE NI/EBT X EBT/EBIT X Sales/Total Assets X Total Assets/Common Equity

    Uploaded by

    asadguy2000
    What is the nature of ASICS business? That is, based on what you know about the company and on the accompanying financial statements, how does ASICS make money? ASICS is a manufacturer of general sporting goods and equipment with most advanced research facilities and business in four continents. Asia, United States, Europe and Australia. It generates money from direct sales of its equipment, interest dividends, investment in short term securities, trade mark infringements and treasury stock.

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    of 6

    net sales

    2002
    128,901

    2001
    126,446

    EBIT

    3,483

    3,092

    ROE=NI/EBT x EBT/EBIT x Sales/Tot


    EBT

    2,934

    2,127
    ROE

    1.85%

    net sales
    cost of sales
    Gross Profit

    2002
    128,901
    82,938
    45,963

    2001
    126,446
    81,276
    45,170

    Selling ,general admin exp


    other income

    42,480
    3,483

    42,078
    3,092

    other income expenses


    Interest and divident income
    interest expenses
    equity in earning of affiliates
    settlement money of trade mark
    loss on valuation
    other, net

    219
    -1,256
    98
    111
    -562
    841

    174
    -1,391
    207
    -369
    414

    income before income taxes and minority interest

    2,934

    2,127

    Net Income

    2,123

    1,740

    total assets

    114,741

    113,914

    common equity

    23,972

    23,972

    NI/ EBT

    0.723586 0.818054

    EBT/EBIT

    0.842377 0.687904

    EBIT/ Sales

    0.027021 0.024453

    Sales/ Total Assets

    1.123408 1.110013

    Total Assets/ common equity

    4.786459 4.751961

    INCOME STATEMENT

    Income taxes

    current
    deferred

    759
    -101
    658
    2,276

    668
    -422
    246
    1,881

    minority interest

    153

    141

    net income

    2,123

    1,740

    2002

    2001

    Cash and cash equivalents


    short term investment
    Notes and account receivable:
    trade
    unconsolidated subsidaries
    less allowance for doubtful
    inventries
    short term loans
    deferred income taxes
    other current assets

    10,526
    1,991

    11,500
    1,061

    41,325
    1,580
    -1,188
    26,598
    63
    1,052
    3,943

    41,499
    1,137
    -1,642
    26,558
    59
    983
    3,287

    total current assets

    85,890

    84,442

    5,623
    23,383
    11,633
    -24,792
    15,847

    5,621
    22,948
    11,843
    19
    -24,213
    16,218

    4,448
    5,472
    1,006
    246
    3,206
    -1,374
    13,004

    4,742
    5,408
    1,334
    171
    2,761
    -1,162
    13,254

    income before minority interest

    Balance Sheet

    Current Assets

    property , plant and equipment


    land
    building
    machinery
    construciton In progress
    less accumulated depreciation
    property, plant and equipment

    investment and long term receiveble


    investment in securitites:
    unconsilidated subsidiaries
    other
    long term receivables
    deferred income tax
    other assets
    less allowance for doubtful receivables

    total investment and other assets


    TOTAL ASSETS

    114,741 113,914

    Current liabilites
    short term bank loans
    current portion of long term debt
    notes and accounts payable
    trade
    unconsolidated subsidiaries and affiliates
    construction
    accrued income tax
    accrued expenses
    other current liabilites

    11,896
    3,246

    14,125
    2,467

    21,147
    180
    54
    292
    5,662
    3,987
    46,464

    21,206
    301
    88
    367
    5,375
    3,853
    47,782

    total long term liabilites

    13,160
    268
    5,987
    1,495
    20,910

    12,722
    667
    4,921
    2,361
    20,671

    minority interest

    1,855

    1,595

    common stock
    issued
    additional paid in capital
    land revaluation reserve
    retained earning
    unrealized holding gain on securities
    translation adjustments
    less treasury stock at cost

    23,972
    21,066
    -398
    1,675
    340
    -1,141
    -2

    23,972
    34,495
    -13,856
    971
    -1,716
    0

    total equity

    45,512

    43,866

    total libilites and equity

    114,741

    113,914

    total current liabilites


    long term liabilities
    long term debt
    deferred income tax
    accrued retirement benefits
    other long term liabilties

    Contingent liabilites
    Stock holders equity

    EBT x EBT/EBIT x Sales/Total Assets x Total Assets/Common Equity


    1.53%

    Common Size Income statement


    2002
    2001
    100.0%
    100.0%
    64.3%
    64.3%
    55.4%
    35.7%

    51.2%
    4.2%

    33.3%
    2.4%

    0.3%
    -1.5%
    337.9%
    0.1%
    -0.7%
    1.0%

    0.1%
    -1.1%
    0.2%
    -0.3%
    0.3%

    3.5%

    1.7%

    0.9%
    -0.1%
    0.8%
    2.7%

    0.5%
    -0.3%
    0.2%
    1.5%

    0.2%

    0.1%

    2.6%

    1.4%

    2002

    2001

    9.17%
    1.74%

    10.10%
    0.93%

    36.02%
    1.38%
    -1.04%
    23.18%
    0.05%
    0.92%
    3.44%

    36.43%
    1.00%
    -1.44%
    23.31%
    0.05%
    0.86%
    2.89%

    74.86%

    74.13%

    4.90%
    20.38%
    10.14%
    -21.61%
    13.81%

    4.93%
    20.15%
    10.40%
    0.02%
    -21.26%
    14.24%

    3.88%
    4.77%
    0.88%
    0.21%
    2.79%
    -1.20%
    11.33%

    4.16%
    4.75%
    1.17%
    0.15%
    2.42%
    -1.02%
    11.64%

    10.37%
    2.83%

    12.40%
    2.17%

    18.43%
    0.16%
    0.05%
    0.25%
    4.93%
    3.47%
    40.49%

    18.62%
    0.26%
    0.08%
    0.32%
    4.72%
    3.38%
    41.95%

    11.47%
    0.23%
    5.22%
    1.30%
    18.22%

    11.17%
    0.59%
    4.32%
    2.07%
    18.15%

    1.62%

    1.40%

    20.89%
    18.36%
    -0.35%
    1.46%
    0.30%
    -0.99%
    0.00%

    21.04%
    30.28%
    -12.16%
    0.85%
    -1.51%

    39.66%

    38.51%

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