By 2008, it had increased by 314.30% relative to 2004. Compared to the previous year, the growth was of 44.71%.
The final row of the table deals with the net cash provisions used by the investing operations. These do not reveal a trend, increasing in some years and decreasing throughout others. They however show that Apple has been active in seizing investment opportunities, and that, while some project have returned a significant return on investment, in other cases, the benefits have yet to materialize. In 2008 as compared to 2007, the cash provisions used by the investment operations met an increase of 152.04%. This is the single sign in the financial analysis which may suggest that Apple should not invest any more for the time being, but strive to generate a return on their already existent projects.
Aside the financial resources used to finance new investments, all the other financial highlights reveal a constant and sustained ascendant trend. Through the lenses of financial highlights, the Cupertino-based organization seems strong and proves its past managerial abilities to identify and take on the most profitable investment opportunities. The final decision on whether to further invest at this moment or not cannot however be made without an analysis of the Apple financial ratios. The table below reveals some of the most relevant rations for Apple and the industry average.
Apple 2008
Apple 2007
Apple 2006
Industry Average (2008)
Quick Ratio
Current Ratio
Gross Profit Margin
Operating Margin
Pretax Margin
Net Margin
Inventory Turnover
Asset Turnover
The Quick Ratio and the Current Ratio measure the financial strength of an organization in comparison to the industry's average. Except for 2008 compared to 2007, the QR has registered steady growth. The CR constantly grew. Both variables are superior to the industry average, meaning that Apple possesses sufficient liquidities to honour its short-term debts.
The Gross Profit Margin is also revealing an ascendant trend and values superior to the industry's average. This profitability ratio shows that Apple is a strong organization which still has sufficient money left from its revenues, once it deducts its incurred costs. The Operating Margin is yet another tool used to measure profitability. The increasing values over the past years and the superiority...
Integrating Total Quality Environmental Management Systems - a Critical Study of TQEM Relevance of TQM to Environmental Management Scope of Dissertation Moving from Reactive to Proactive Management Understanding TQM in Relation to TQEM History of TQM Operation of TQM Quality and Environmental Management Standards Environmental Management Systems Weaknesses of EMS Standards Total Quality Environmental Management Comparing ISO 9000 and ISO 14000 Integrating the ISO 14000 Environmental Management System Demographics Impact of certification on economic and ecological performances Research Design and Nature Integrating a Sustainable EMS with
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it is quite surprising to find that job turnover rates are very loosely related to EPL rankings. Most remarkably, not only are the estimates for Italy and France, at
Athletic Scholarships Providing scholarships for athletes is one of the best ways to fund athletic programs, because when the athletes are competing for that first scholarship, he or she will be determined to show his or her best athletic abilities to the coaches. One of high schools and colleges highest sources of budget increases is the talent and the physical abilities of the athletes on the athletic teams. However, this is
Ayers (2000, p. 4) describes a supply chain as "Life cycle processes supporting physical, information, financial, and knowledge flows for moving products and services from suppliers to end-users." A supply chain can be short, as in the case of a cottage industry, or quite long and complex as in the manufacture, distribution, and sales of automobiles. In fact, the automobile supply chain has its origin in the mining of the
To evaluate weak areas of the current strategy and propose solutions for improvement. 2.0 LITERATURE REVIEW 2.1 Introduction According to Zou and Cavusgil (1995), the subject of global strategy has attracted a lot of attention in the recent past. Zou and Cavisgil (1995) calim that a major reason behind this has been the increasing progress in the telecommunications and other technological areas that has brought the world closer and transnational existence of organizations Eastcompeace
diversity in management? Technological developments and the emergence of a universal, globalized economy have brought individuals from different societies closer than they have ever been. Hence, institutions like schools/colleges and corporations are seeking means to better cater to the entities constituting them. This encompasses the ability of attracting and retaining the finest and most capable workforce. Diversity deals entirely with difference. It implies: the presence of a broad array of
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now