DuPont Analysis Research Articles

Assessment of Non-Financial and Financial Factors for Pony.ai’s Development

This academic paper provides a comprehensive analysis of Pony.ai, a leading autonomous driving technology company in China. The research delves into both non-financial and financial aspects to assess the company's developmental prospects and its impact on the autonomous driving industry. From a non-financial perspective, the analysis covers five key areas: (1) People: Examining the educational backgrounds and work experiences of Pony.ai's key personnel, emphasizing the importance of a skilled team and leadership. (2) Opportunity: Evaluating market demand, competitive advantages, and growth potential within the autonomous driving industry. (3) Context: Considering the macro environment and industry dynamics, including political, economic, social, technological, and legal factors. (4) Deal: Assessing the impact of investments, partnerships, and collaborations on Pony.ai's growth. (5) Risk: Analyzing various risks faced by the company, including financing, regulatory, legal, and technological risks. The financial analysis section utilizes the Harvard Analysis Framework and DuPont Analysis Method to examine Pony.ai's income, balance sheet, cash flow, and equity statement. The research highlights the company's financial performance, profitability, solvency, and reliance on financing. The study concludes that Pony.ai holds a prominent position in the autonomous driving industry but faces challenges related to valuation, financial sustainability, and evolving regulations. Continuous innovation will be crucial as the company navigates the dynamic autonomous driving landscape. This analysis offers valuable insights into Pony.ai's development and the broader industry dynamics, benefiting policymakers and investors in the autonomous driving sector.

Profitability Analysis Using the Du Pont System Method In the Fast-Moving Consumer Goods (FMCG) Distribution Subsector of a Go-Public Company for The Period 2017-2021

The aim of this study is to analyze the profitability level of Fast-Moving Consumer Goods companies in the Retail and Distributor of Medicines (D111), Rental and Distributor of Food (D112), and Processed Food Distributors (D222) subsectors listed on the Indonesian Stock Exchange in the period 2017-2021 based on Du Pont system analysis. The Du Pont system is an analysis method used to show the interaction between Net Profit Margin (NPM), Total Asset Turnover (TATO), Return on Asset (ROA) and Equity Multiplier in determining the value of Return on Equity (ROE). This type of research is descriptive quantitative using the Du-Pont analysis method. The method used in this study is judgement sampling. Types of data and data sources use secondary data derived from financial statements published by companies that are samples of research and data from the Stock Exchange of Indonesia. Analysis shows that PT. Tigaraksa Satria Tbk has the highest profitability as a Fast-Moving Consumer Goods subsector distribution company. The company's ROE from 2017 to 2020 is higher than the industry average, by 2019 has increased and decreased by 2021. PT. Wicaksana Overseas International Tbk became a Fast-Moving Consumer Goods subsector distribution company with the lowest profitability performance of the five samples, based on analysis carried out by the company's ROE from 2017 to 2020 experienced a decline below the industry average and by 2021 a decrease slightly above the industrial average.

基于杜邦分析法的中国中免盈利能力分析

基于杜邦分析法的中国中免盈利能力分析

Financial Analysis of the Biopharmaceutical Industry Based on DuPont Analysis: A Case Study of Bio-Thera Solutions, Ltd

Financial Analysis of the Biopharmaceutical Industry Based on DuPont Analysis: A Case Study of Bio-Thera Solutions, Ltd

杜邦分析法的应用局限及改进研究——以SQ公司为例

杜邦分析法的应用局限及改进研究——以SQ公司为例

Financial Statement Analysis of the New Energy Vehicle Enterprise—BYD

With the increasingly severe global climate and energy issues, promoting the development of the new energy vehicle industry is becoming more and more important for governments around the world. As a leading new energy vehicle enterprise in China and even in the world, BYD plays an important role in the automobile market. This article selects BYD as the research object and analyzes the company's solvency ability, profitability, and growth based on its financial statement data from 2018 to 2022. By using horizontal comparative analysis and DuPont analysis, it is found that BYD has very excellent growth ability and good profitability, but it is weak in solvency ability and has potential liquidity risk. BYD should further enhance its profitability by increasing the profitability of its single vehicle in the future, and try to reduce its financial leverage as much as possible while maintaining its current high-speed growth trend to solve the problem of its weak solvency ability.

Financial Analysis of the Pharmaceutical Industry Based on Dupont Analysis: Taking Guangzhou Baiyunshan Pharmaceutical Group as an Example

As an infrastructure industry, the pharmaceutical industry is related to peoples livelihood and social stability and is one of the pillar industries of society. With the in-depth advancement of various medical policy reforms since 2021, the scale of Chinas pharmaceutical market has continued to rise, and the revenue and profit of the pharmaceutical industry have maintained steady growth, so the industry still has outstanding growth advantages. Based on the pharmaceutical industry, this paper selects Guangzhou Baiyunshan Pharmaceutical Group as the research object, takes the companys financial data from 2018 to 2022 as the basis, conducts a comprehensive study on the companys operating conditions based on DuPont analysis, and finds that Guangzhou Baiyunshan has problems such as high financial risk, low turnover of receivables and low profitability during its development. The paper puts forward the corresponding suggestions of saving expenditure, increasing income and focusing on sustainable development in solvency; improving enterprise credit policy and strengthening accounts receivable management in operational capacity; and optimizing pharmaceutical R&D investment and management in profitability.

Financial Performance Evaluation of Select Listed Companies of NSE-Emerge Using DuPont Analysis

The National Stock Exchange of India (NSE) Emerge is a platform launched by the NSE specifically designed for Small and Medium Enterprises (SMEs) to access the capital market. It was introduced to provide these companies with an avenue to raise funds and offer their shares to the public. From the year 2012 SMEs are granted to raise funds in the capital market through SME stock exchange platform (BSE & NSE). This study aims to analyse the financial performance of select consumer durable goods manufacturing companies listed in NSE-Emerge by using DuPont analysis. In this study, the financial performance of seven consumer durable goods companies listed on NSE-Emerge was analyzed during the period of 2017-18 to 2021-22. The study examined the impact of tax burden, interest burden, operating income margin, assets turnover ratio, and equity multiplier on ROE by using 5 step DuPont approach. Overall, the study provides valuable insights into the financial performance and stability of the studied companies.

Financial Analysis of TransUnion Based on the DuPont Model

The US personal credit reporting market is dominated by Experian, Equifax, and TransUnion. Financial changes in any of these companies can potentially affect the entire market. Utilizing the DuPont analysis and the data collected from TransUnions annual reports in EDGAR, this article unveils the four financial indicators encompassing TransUnions performance spanning from 2018 to 2022. Notably, TransUnion exhibited a commendable degree of stability and robustness within its financial landscape during 2018-2020. Nonetheless, the acquisition and divestiture undertakings in 2021 inadvertently inflated TransUnions profitability, thereby engendering an exaggerated assessment. The reverberations of the subsequent asset restructuring reverberated acutely in 2022, precipitating a substantial erosion in profitability and a marginal attenuation in TransUnions ability of asset management. Additionally, it puts forth a set of advanced recommendations for improving the current state of TransUnion. For instance. strategic asset integration and personnel optimization of acquired companies can effectively bolster capital turnover rates and profitability.

MERGERS AND ACQUISITIONS IN THE GREEK BANKING SYSTEM. A PROFITABILITY EVALUATION ANALYSIS WITH DUPONT MODEL

The unfavorable economic situation, that prevailed in the first five years from the financial crisis that it invaded in Greece in 2010, caused very serious problems regarding the organization of the Greek banking sector. This resulted in the in-depth restructuring of the Greek banking system with acquisitions and mergers in order to create large systemic and crisis-resistant banks, in order to be able to face the looming upcoming profitability problems. The purpose of this study is to evaluate the profitability ratios of the both target and bidder banks that they took place in the wave of acquisitions during the financial crisis and to find out if there is any improvement of profitability to the remained bidder systemic Greek banks. For this reason, we examine and analyze the profitability using the DuPont method three years before the acquisition and three years after the acquisition. Essentially, we study whether the major acquisitions carried out by the Greek systemic banks during the financial crisis had improved their profitability in the short and long term time period. So we describe a general theoretical framework of the DuPont model and the theoretical framework profitability ratios that are part of the DuPont modulus
 Keywords: Banks, Mergers & Acquisitions, Profitability, DuPont Analysis.
 JEL Classification: G21, G33, G3.

Examining on the Impact of Government Policies on Real Estate Enterprises

Contemporarily, governments of all countries have made relevant policy adjustments for their real estate industry to adapt to the current global economic development and national conditions, so as to achieve the stability of the development of real estate enterprises, the healthy development of the domestic real estate industry and improve risk prevention. This study will take the "Three Red Lines of real estate" issued by China as an example to analyze the impact of central enterprises and private enterprises under the state-owned system and system after the policy adjustment in the past three years and calculate the required data through the annual financial statement data, calculation of leverage, responsibility, profit and DuPont analysis. Afterwards, the development and risk situation of private enterprises and central enterprises under the Chinese system are analyzed, and reasonable suggestions are given on the impact of government policy adjustment on central enterprises and private enterprises, so as to maintain the stable development of real estate under the communist economic system and provide reference for countries with the same political system.

Dupont Analysis Of 5 Major Players Of Indian IT Industry

The Information Technology sector is the pillar of the world’s economy. TCS, INFOSYS, WIPRO, LTIMINDTREE, TECH MAHINDRA are major players in creating the Indian IT Sector. This research intends to do a Dupont analysis of these IT companies to analyze their financial performance and provide and understanding on what is that driving their profitability. This research aims to deliver a comprehensive view on TCS, INFOSYS, WIPRO, LTIMINDTREE, TECH MAHINDRA’s financial performance, allowing the readers to take informed decisions as well as encourage in understanding of financial dynamics in the IT sector.

Analysis of the Financial Performance of State-Owned Enterprises (SOEs) in the Mining Sector Listed on the Indonesia Stock Exchange in 2018-2022

This study aims to analyze the financial performance of mining companies owned by the State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange. The objects taken in this study are mining companies listed on the Indonesia Stock Exchange in 2018-2022, with company codes PTBA, ANTM, and TINS. Analysis of corporate financial performance based on liquidity, activity, solvency ratio, profitability ratio, and DuPont analysis shows increases and decreases in value, but none are consistent. The results of the performance analysis of the three companies are expected to provide an overview to the management of the company concerned to develop future performance improvement strategies, as well as to investors as a basis for comparison, projections, and decision-making in investing in companies in the mining sector, especially mining companies owned by SOEs

BUSINESS MODERNIZATION AND THE ROLE OF BUSINESS FINANCE IN THIS PROCESS

This article is primarily concerned with exploring the concept of business modernization and its potential incorporation into an organization through the utilization of business finance principles. While previous studies have concentrated on financial indicators, the authors recommend a more extensive approach that regards business modernization as an investment choice, appraising both risks and potential gains. The writers advocate for a thorough evaluation of diverse approaches to business modernization in order to ascertain their respective benefits and drawbacks for future implementation. The authors conducted an analysis of the most popular and modern strategies for business modernization in order to identify their corresponding advantages and disadvantages for organizations and their operations in markets. In addition, they proposed to implement one of the analyzed methods for Apple Inc. For this purpose, the review of financial statements with the DuPont analysis for the company should be conducted. The outcomes of the analysis showed its investment potential and current financial position in the market and after that the authors proposed an appropriate business modernization strategy for the company. Although the strategy was evaluated in terms of potential return and risk in the paper. It is crucial to recognize that the conceptual and methodological structure of this research derives from numerous sources encompassing statistical information, working papers on marketing and management by international scholars, as well as literature concerning business modernization processes and financial aspects. Through the utilization of a multifaceted methodology, it is expected that this investigation will contribute to an enhanced understanding and deeper insights into the procedures involved in modernizing businesses as well as their financial implications.

The Application of DuPont Analysis Method in China Construction Bank

With the continuous development of the economy and society, and also due to the sudden attack of the epidemic, the development of commercial banks in the national economy is facing a dangerous situation, so how to improve and upgrade themselves has become the primary goal. This paper takes China construction bank as the main body, gives the analysis of the earnings data from 2019 to 2021, using the DuPont analysis of the profitability of the construction bank to analyze its profits, liabilities and inventory turnover and other specific situation, reveals the financial problems existing in the development, to promote the improvement of enterprise management ability and the improvement of financial situation. This paper finds that due to the uncontrollable factors of the epidemic, CCB must strengthen its response capacity, formulate corresponding backup strategies for the possible impact of the epidemic, and optimize and stabilize its own financial structure.

Research on the Starbucks in Operational Activities

Starbucks is one of the most successful coffee companies in the world, but Starbucks has been expanding continuously in terms of business. In the past ten years, the number of stores in China has increased by nearly ten times. Although the expansion policy shows that Starbucks is still in the stage of growth, from the data of the financial statements in the past 5 years, Starbucks seems to have some problems. This article mainly analyzes the ratio of financial reports related to Starbucks business activities, compares liquidity, profitability data such as ROA, ROE, etc., and further decomposes these data with DuPont analysis. The main purpose of this article is to find out the reasons that caused these changes to analyze the development trends, advantages and problems of Starbucks in the past 5 years. From the analysis, we can see that Starbucks has the advantage of the supply chain system, but there are problems in other respects.

Bread Crumbs to Financial Statement Analysis: Writing Assignments to Enhance Students’ Interpretation

Introductory financial accounting and financial management texts focus on the construction of financial statements andthe calculation of financial ratios with less attention to the interpretation of and connections among the ratios, except for briefpresentations of DuPont Analysis. Seeking to enhance student understanding of financial ratios and to provide them opportunitiesto write and think critically outside class, I created six assignments that lead students through simple questions and explanationsto analytical conclusions. Assignments are spaced throughout the semester to include related topics. For example, the leverageassignment is due after we cover bonds and risk and includes credit ratings and beta. In the first assignment, each studentchooses a firm and writes an introduction to the firm to provide context for later analysis. The second assignment directs themto Morningstar for common-sized statements and asks them to respond to questions related to their firms’ financing, investmentsand expenses. The third through sixth assignments use firm and industry data from Reuters and focus on financial ratios: leverageand coverage, liquidity and turnover, profitability, and market value. The assignments model an approach to critical thinkingthat progresses from data description and comparison through analysis and synthesis to evaluation.

Financial Performance Evaluation of Luzhou Laojiao Distillery Under the Background of High-quality Development of Liquor Industry

The Sichuan government has issued a series of policies and measures to ensure the high-quality development of spirits enterprises, based on the concept of high-quality development of the spirits industry. Luzhou Laojiao Distillery, as one of the representative enterprises of Sichuan spirits, has also undergone a number of reforms and breakthroughs. Based on the financial performance of Luzhou Laojiao Distillery over the last five years and using DuPont analysis, this paper studies the changes in financial performance of Luzhou Laojiao Distillery after reform, evaluates its development, and proposes reform suggestions to further promote the high-quality development of Luzhou Laojiao Distillery and provide some reference for enterprises in the same industry.

EFEKTIFITAS DUPONT ANALYSIS UNTUK MENILAI PROFITABILITAS PERUSAHAAN ASURANSI JIWA NASIONAL

This research aims to analyze the description of the financial condition of the DuPont analysis of national life insurance companies, and to analyze the impact of the financial condition of DuPont analysis on the performance of national life insurance companies. The data is taken from financial reports for 4 (four) years from 2016 - 2019, which have been published which are data before the Covid-19 pandemic, via the website of each company. The research method used is descriptive qualitative with a case study approach on 10 (ten) national life insurance companies that have assets of more than IDR 1 trillion. The research samples are Return on Equity (ROE), Return on Assets (ROA), Total Assets Turn Over (TATO), Net Profit Margin (NPM), and Debt Ratio (DR). Meanwhile, data analysis was carried out by: tabulating data, performing calculations and grouping DuPont analysis, interpreting to determine the level of company profitability, and drawing conclusions on the results achieved. The results of the study show that the financial condition of national life insurance companies using DuPont analysis is generally less effective and efficient. The company has not utilized its resources fully, effectively and efficiently in terms of achieving maximum sales results, and the company still uses a lot of debt for its investment.
 Keywords: Effectiveness, DuPont Analysis, and Profitability

Financial Statement Analysis of Infosys and Wipro through DUPONT Analysis

Abstract: Uniformity, Timeliness, Understandability, Relevance, Reliability and Comparability are some of the qualitative characteristics of financial statements. Every company aims at providing the financial information to its users about the operations of a company through formal reports in the form of financial statements. It summarizes the operations of a business and transactions conducted in a particular accounting period. Financial statements are the trueindicators of the financial health of the company at a particular point of time. The study deployed secondary data published in the form of annual reports of the selected companies. In this context, the present paper aims at analyzing the financial statements of the year 2020- 21 and 2021- 22 prepared as per new accounting standards i.e., Indian Accounting Standards (IND-AS) of two different companies that is Infosys and Wipro through DUPONT analysis. The study highlights there is an increase in Return on Equity (ROE) of both the companies which is the one of the important measures used to find out the direction of the company.