Supercell+Ltd+finantssuhtarvude+anal\u00fc\u00fcs.pdf - TALLINN UNIVERSITY OF TECHNOLOGY School of Business and Governance Department of Business Administration

Supercell+Ltd+finantssuhtarvude+analu00fcu00fcs.pdf -...

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1 TALLINN UNIVERSITY OF TECHNOLOGY School of Business and Governance Department of Business Administration Joakim Hannuksela FINANCIAL RATIO ANALYSIS CASE SUPERCELL LTD Bachelor’s thesis Programme TVTB, specialisation Finance & Accounting Supervisor: Vaiva Kiaupaite-Gru š niene, MhD Tallinn 2018
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2 I declare that I have compiled the paper independently and all works, important standpoints and data by other authors have been properly referenced and the same paper has not been previously been presented for grading. The document length is 13568 words from the introduction to the end of conclusion. Joakim Hannuksela …………………………… (signature, date) Student code: 156182TVTB Student e-mail address: [email protected] Supervisor: Vaiva Kiaupaite-Gru š niene, MhD: The paper conforms to requirements in force …………………………………………… (signature, date) Chairman of the Defence Committee: / to be added only for graduation theses / Permitted to the defence ………………………………… (name, signature, date)
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3 TABLE OF CONTENTS ABSTRACT ................................................................................................................................................ 4 INTRODUCTION ....................................................................................................................................... 5 1. PURPOSE OF THE THESIS ................................................................................................................. 7 1.1 Purpose and objectives .............................................................................................................................. 7 1.2 Conceptual framework ............................................................................................................................................... 8 2.FINANCIAL RATIO ANALYSIS AND FINANCIAL RATIOS .......................................................... 10 2.1 Financial ratio analysis ............................................................................................................................ 10 2.2 Financial ratios ........................................................................................................................................................... 14 3. SPECIFIC FINANCIAL RATIOS ....................................................................................................... 16 3.1 Profitability ................................................................................................................................................ 16 3.2 Liquidity .............................................................................................................................. 20 3.3 Solvency ...................................................................................................................................................... 24 4. SUPERCELL Ltd ................................................................................................................................ 28 4.1 Company ..................................................................................................................................................... 28 4.2 The Industry ........................................................................................................................ 31 5. CASE COMPANY SUPERCELL Ltd ................................................................................................. 32 5.1 Horizontal analysis ................................................................................................................................... 32 5.2 Cross-section analysis ......................................................................................................... 38 5.3 Author’s analysis ................................................................................................................. 47 CONCLUSION ............................................................................................................................. 50 LIST OF REFERENCES ......................................................................................................................... 52 APPENDICES .......................................................................................................................................... 54 Appendix 1. Income statement summary 2012-2016 .................................................................... 54 Appendix 2. Income statement 2016 ............................................................................................. 55 Appendix 3. Balance sheet summary 2012-2016 .......................................................................... 56 Appendix 4. Balance sheet 2016 ................................................................................................... 57 Appendix 5. Supercell financial ratios 2012-2016 ........................................................................ 58 Appendix 6. Industry financial ratios 2012-2016 ......................................................................... 59
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4 ABSTRACT The purpose of this thesis paper is conduct relevant and reliable financial ratio analysis for case company Supercell Ltd. The aim is to prove that the traditional financial ratios analysis is enough effective method when looking the insights and financial condition of Technology Company. One aim is to find out whether some ratios work better than others for this kind of company. The paper will go through the common financial ratios, and the results are calculated from Supercell financial statements. To prove above-mentioned aim, the author uses the financial ratio analysis for to find out economic performance of the case company, if possible. The analysis is based on profitability, solvency, and liquidity. In order to make such analysis, quantitative method is required. Analysis part is divided into two sections, the horizontal analysis, and the cross-section analysis, followed by the conclusion. The results are presented during the thesis paper. The author’s personal aim while writing the paper is to gain knowledge in such analysis and to improve the understanding of financial statements.
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