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Chapter 13: NikoTech and the Balance Sheet
Overview
In addition to providing information on current assets and their role in the business cycle, the balance sheet offers a wealth of data that can be used to measure the relationship between the utilization of total assets, profitability and supply chain execution. Table 13.1 provides a short list of tools that NikoTech management can use to measure the productivity of all assets employed in the supply chain in order to take a comprehensive view of asset performance. Interpretation of NikoTech's performance is as follows.
$ in Millions | |||
|---|---|---|---|
Y1 | Y2 | Delta | |
Working Capital | $1,059 - $303 = $756 | $1,212 - $407.4 = $804.6 | $48.6 |
Current Ratio | $1,059/$303 = 3.5 times | $1,212/$407.4 = 2.97 times | (0.53) times |
Quick Ratio | $579/$303 = $1.91 | $552/$407.4 = $1.35 | ($0.56) |
Inventory Turnover | $990/$480 = 2.06 times | $1,239/$660 = 1.9 times | (0.15) times |
Receivables Turnover | $1,440/$285 = 5.05 times | $1,698/$450 = 3.8 times | (1.25) times |
Payables Turnover | $990/$285 = 3.47 times | $1,239/$360 = 3.44 times | (0.03) times |
Total Asset Turnover | $1,440/$1,599 = $0.90 | $1,698/$1,776 = $0.95 | $0.05 |
