Sample - Financial Analysis of Cybex International

Sample - Financial Analysis of Cybex International -...

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Financial Analysis of Cybex International Inc.
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Cybex International Inc. is a manufacturer of exercise equipment, like treadmills, steppers, bikes etc, which are sold for both consumer and commercial use. This company sells its products to places like hotels, health clubs, sports teams and to regular consumers through specialty fitness dealers. Cybex is a publicly traded company, listed under the NASDAQ stock exchange (found as CYBI). Its main competitors are Nautilus Inc. and Icon Health Fitness (which is not compared to Cybex because it is private) in the recreational industry. Cybex has two manufacturing facilities with approximately 600 employees in total and has been led by its current CEO John Aglialoro since 1997 1 . Cybex does not hold a big share of the market yet, but it is continually growing and has brought its revenue up to $146 million in 2007. 2 The liquidity analysis of this company has shown that Cybex is able to meet its short term demands fairly well. On the other hand, its competitor, Nautilus, seems to be slowly doing worse with being able to meet short term demands. We can see this through the current and quick ratios for both companies. Cybex has had a steadily increasing quick and current ratio over the past five years, which mean that it’s able to cover its liabilities with its assets immediately if it calls for it. As for its operating cycle and ratios, which deal with the number of day’s inventory, receivable and payable, Cybex is running very efficiently compared to Nautilus. The operating cycle may seem a bit large, but this is most likely due to the types of products that Cybex and Nautilus must manufacture and sell. Both Cybex and Nautilus appear to have fairly high turnover ratios, especially for accounts receivable turnover and inventory turnover. This means that they are able to produce a lot of sales from their investments in total assets, and are able to do this at a fairly fast rate, while the
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accounts receivable turnover suggest that it takes approximately 15 days to pay their debts. 5
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Sample - Financial Analysis of Cybex International -...

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