This master´s thesis analyses financial situation of FEI Company during years 2003 – 2006 by means of selected methods of financial and economic analysis. It also includes proposals and recommendations for improvement of the present situation with regard to sphere of business and its possibilities.

Předmětem diplomové práce je implementace teoretických poznatků s cílem ověřit relevantnost zdrojů informací sloužících pro výpočty ukazatelů finanční analýzy. První část je zaměřena ne teoretické poznatky finanční analýzy zejména u výrobních podniků a služeb. V této části je věnována velká pozornost poměrovým ukazatelům a jejich výpočtům. Teoretická část je zakončena specifiky finanční analýzy pro komernčí pojišťovnu. Výstupem práce je pak ověření relevance dat a poměrových ukazatelů finanční analýzy pro specifické odvětví pojišťoven z hledsika vývoje v čase a faktorů ovlivňujích jejich vývoj.

Šopis, V., Prekybinės įmonės pelningumo didinimo galimybių vertinimas [Rankraštis]: bakalauro baigiamasis darbas: ekonomika. Vilnius, ISM Vadybos ir ekonomikos universitetas, 2009. Bakalauro baigiamojo darbo tikslas – išanalizuoti prekybinės įmonės pelningumo rodiklius ir nustatyti galimas jų didinimo galimybes. Siekiant šio tikslo išnagrinėti išorės ir vidiniai veiksniai, aprašytas įmonės pelningumo teorinis pagrindimas bei atliktas finansinės atskaitomybės tyrimas. Situacijos analizėje išnagrinėti išoriniai ir vidiniai veiksniai. Tarp išorinių veiksnių nagrinėjama makroaplinka, rinka, vartotojai bei konkurentai. Makroaplinkos analizės metu buvo nustatyta, kad nuo 2009 m. pradžios sparčiai blogėja ekonominė šalies situacija bei visos prognozės rodo, kad artimiausius du metus teigiamų pokyčių nebus. Rinkos analizė parodė rinkos veiklas – pagrinde šaldymo įrangos prekybą, bei detaliai aprašė esamą situaciją. Nagrinėjant vidinius veiksnius buvo apžvelgta prekybinės įmonės struktūra, aprašyta įmonės veikla bei pateikti pagrindiniai finansiniai duomenys, rodantys, kad 2008 m. įmonės pelningumas buvo – 0,4%. Antroje darbo dalyje išdėstyta įvairių autorių nuomonė apie įmonės veiklos analizę. Trumpai apibendrinti jų siūlomi metodai, analiz÷s formos ir pan. Taip pat parinktos trys analizės, kurias siūlo dauguma autorių: horizontalioji, vertikalioji bei lyginamoji. Kiekviena jų detaliai aprašyta, atskleisti jų trūkumai bei privalumai, pateiktos galimos rezultatų interpretacijos bei... [toliau žr. visą tekstą] / Šopis, V., Evaluation of possibilities to increase trading company‘s profitability [Manuscript]: bachelor‘s thesis: economics. Vilnius, ISM University of management and economics, 2009. The purpose of bachelor’s thesis – to analyze trading company’s profitability ratios and estimate possibilities to increase it. By aiming the purpose, it was analyzed external and internal factors, described theoretical substantiation and completed financial accountability analysis. External factors consist of macroeconomic environment, market, consumers and competitors. Macroeconomic environment analysis showed that Lithuania’s macroeconomic situation rapidly declines from the beginning of 2009. All forecasts show that there will be no positive changes until 2011. Market analysis described the main activity – refrigeration systems trading. Furthermore, it has particularly analyzed present situation in the market. Internal factor analysis reviewed structure of trading company, described activities and showed basic financial data. It proved that company’s net profitability was 0,4% in 2008. Second part of the thesis covers various authors’ opinions about financial analysis. Suggested methods, analysis configurations, etc. were shortly summarized. Furthermore, three analyzing methods, suggested by most of authors, were selected: horizontal, vertical and comparative. Each analysis was particularly described, represented their advantages and disadvantages, possible interpretation of results and... [to full text]

Theoretical part: the users of financial analysis, methods and tools of financial analysis. Practical part: the branch characterization, analysis of absolute parameters, differential analysis, cash flow analysis, financial ratios analysis, Du Pontova analysis, inequality, economic standard, Altman index, IN99, IN01, EVA.

The subject of the diploma thesis is financial analysis of commercial insurance company. The diploma thesis is separated into two parts - theoretical and practical. The theoretical part describes financial analysis in general - users of information, sources of information, methods of financial analysis and then the attention is aimed to the specificity of insurance companies - accounting statements, methods and special ratios of financial analysis. The practical part is focused on the financial analysis of concrete insurance company.

The goal of this thesis is to apply methods of financial analysis at the selected company and assess that way financial situation. In the theoretical section summarizes the findings of financial analysis, its methods and procedures. The practical section assesses past and current financial state of company Povrchová důlní, s.r.o. in the years 2005 to 2009, by using selected methods of financial analysis. In conclusion of practical part is analyzed company compared with the industry in which operates, and is assessed the impact of the economic crisis on economy of company.

In order to reduce default risk, financial institutions have been investigating into credit ratings of companies, which they want to give credit to. This research tries to give a method for financial institutions to differentiate between default and normal company with financial ratios, which is already announced in their seasonal financial reports. The samples are abstracted from security markets, and restricted to building companies. With Discriminant analysis and Logistic regression models, financial institutions can estimate what company may become into default situation and others stay in good condition. According to this research, financial ratios that can be used to discriminate between default and normal companies are: net worth ratio and short-turn borrowing/liquid asset and asset turnover and gross profit margin. It can also be described with asset turnover and gross profit margin if default risk is been estimated.

Η παρούσα εργασία έχει ως σκοπό την ανάλυση μέσω αριθμοδεικτών που σχετίζονται με τις οικονομικές καταστάσεις των ξενοδοχειακών μονάδων της Ελλάδας. Η περίοδος μελέτης είναι το διάστημα 2009-2011, την περίοδο δηλαδή όπου η Ελλάδα διέρχονταν σε ύφεση και οικονομική κρίση. Για την ανάλυση λήφθηκαν υπόψη 60 ξενοδοχεία από διάφορες περιοχές της χώρας ώστε να καλυφθεί όσο το δυνατόν μεγαλύτερο γεωγραφικό μήκος. Σκοπός της εργασίας είναι να επιβεβαιώσει τις μελέτες του ΣΕΤΕ και του Παγκόσμιου Οργανισμού Τουρισμού, ότι ο ελληνικός τουρισμός κατά την διάρκεια της οικονομικής κρίσης υπέστη καθίζηση και οι εταιρίες του κλάδου λειτουργούσαν με ζημίες ή αναγκάζονταν σε παύση των λειτουργιών τους. / In the present essay an attempt is made in order to illustrate the impact of current economic crisis on the financial statements in hospitality sector in Greece. In order to accomplish this aim, 6 financial ratios of 60 hotels, for the period 2009-2011, were taken into account. The ratios measured are the liquidity, the solvency ratio, the ROA, the ROE, the profit margin and the debt ratio. The results showed that the business activity of Greek hotels have affected by the crisis, since in their majority have been recorded losses of the transactions or zero profits. The paradox of this study is that despite the economic crisis, the solvency ratio of Greek hotels is high enough.

Šio darbo tikslas yra įvertinti bankinio sektoriaus koncentracijos lygio įtaką bankų veiklos rezultatams. Siekiant tai įgyvendinti, pirmoje šio darbo dalyje yra pateikiamos ir įvertinamos mokslinių empirinių tyrimų išvados apie koncentracijos įtaką komercinių bankų pelningumo, paskolų portfelio kokybės, kapitalo pakankamumo ir likvidumo rodikliams. Antroje šio darbo dalyje yra formuluojama tyrimo metodologija: pateikiami tirtini komercinių bankų finansiniai rodikliai, pateikiami ES šalių pasirinkimo kriterijai, formuluojamos bei pagrindžiamos esminės tyrimo hipotezės, pateikiamas tyrimo loginis nuoseklumas. Paskutinėje šio darbo dalyje yra atliekamas tyrimas, kuris apima 2006 – 2011m. laikotarpį. Tyrimo išvados atskleidė, kad koncentracija bankų sektoriuje teigiamai įtakoja pelningumo lygių, kapitalo pakankamumo pokyčius bankuose. / The purpose of this paper is to analyze the impact of the banking sectors‘ concentration level on their financial performance. Firstly, analysis of theoretical literature about the impact of concentration level on banking sector performance is conducted. I analyze four different groups of financial indicators: profitability, liquidity, capital ratios and non-performing loans. Secondly, a methology of this paper is presented: a list of financial indicators is given, five main hyptothesis are formulated and validated, cryteria for country selection from EU region is presented, logical sequence of the research is also given. Finally, an analysis is conducted for a 2006 – 2011 time period. Research showed that concentration in the banking sector positively affets the profitability and capital ratios.

The issue of dividends and what role it plays, has been the subject of discussion for decades. The main reason for this is that the chosen dividend policy for a company affects several different stakeholders, with shareholders being the most affected party. Determining dividend policy is influenced by multiple factors such as capital structure, potential stakeholder signaling and corporate culture concerning payouts. This study will investigate how the relationship between firm performance and stock price is affected by the level of dividends a firm pays. To explore this relationship, the authors will conduct a correlation and regression analysis that is performed on data collected on middle and large capitalization firms listed on the Stockholm stock exchange. The chosen time frame for this study is year 2007-2017. Several variables are included in the regression model in order to explore a potential relationship.  The findings of this study indicate that the stock price of high dividend yield firms are more dependent on financial performance compared to low dividend yield firms. However, an overall positive correlation is found between financial performance and stock price for both samples.