Articles On Financial Performance Analysis Pdf



The level of performance of a business over a specified period of time, expressed in terms of overall profits and losses during that time. Putting another way, financial statement analysis is a study about accounting ratios among various items included in the balance sheet. Consider asset utilization, as depicted in Figure 2. The purpose of this whitepaper is to help readers develop an understanding of the basic contours of the three principal financial statements. Rynes Abstract Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the. (iii) Ratios assist the management in decision. includes a hypothetical example using EVA to assess how the financial performance of a fictitious bank, ABC Bank, would change if its management decided to securitize a portion of its credit card loans in an effort to improve its capital adequacy. Second, we use accounting rates of return as our measure of performance. They then examined the impact of higher work performance practices on three organi-zational performance measures: turnover , pro-ductivity , and financial results. The financial statement of Adidas has been selected and analysed. A project report on financial statement analysis Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Entrepreneurship. By the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet. How to evaluate CaH Financial Performance. But estimating the cost of equity causes a lot of head scratching; often the result. 1 Response Rate 78 Table 4. Share Subscribe to receive, via email, tips, articles and tools for entrepreneurs and more information about our solutions and events. 2 Understand the rela-tionships between finan-cial statement numbers and use ratios in analyz-ing and describing a com-pany's performance. , size) have few consistent effects. In the final analysis, how these measures are used to reduce the disparity between expectation and practice is fundamental to the credibility given to our collective ideal of justice. 180 Accountancy : Company Accounts and Analysis of Financial Statements 3. Performance areas covered include liquidity, asset management, profitability, leverage, market value ratios, and comparative analysis. The counting methodology is extremely flexible since it requires only qualitative as-sessment of relationships. enabling judgments on the current and future financial condition and operating performance of the company. We'll help you conquer the numbers with this easy-to-follow guide to forecasting revenues and. Finance and. They will be mainly interested in whether financial products are not too expensive and whether the quality is sufficient. Other tools 3. satisfaction index. ), human resource development can increase business resilience, especially in supporting growth against firms like Amazon (Read: Porter’s Five Forces Analysis. The usage of a modified version of DuPont financial ratio analysis and a novel matrix approach is discussed in the article. Relationship marketing situations are far from perfect. A Study on Financial Performance of Ashok Leyland Limited at Chennai. The Analysis and Use of Financial Ratios: A Review Article Paul Barnes The author is Senior Research Fellow in Managerial Finance and Accounting at Manchester Business School. Our aim is to present hedge funds, to understand what managers expect to do and to understand how they make or destroy value over time. It’s also help to evaluate and decision making for business operation. Direct effects of the duration of working hours on productivity and firm performance 5 a. financial performance analysis. A Study on Financial Performance Using Ratio Analysis at Sakthi. Business Ethics. Country Programme performance monitoring and evaluation are situated in the middle. reputation for personal care, exceptional patient safety, the quality and comprehensiveness of. At present, ROI has. Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of your business. Financial Accounting C. 2 Background to the Research Problem. Also relationships are built on future promises as much as on past behavior. - This study aims to examine the relationships between customer satisfaction and a variety of company performance metrics at the firm‐level of analysis. is the co-director of the Housing Finance Policy Center at the Urban Institute in Washington, DC. Each ratio informs you about factors such as the earning power, solvency, efficiency and debt load of your business. Little that managers at all levels in an organization do falls outside the purview of the five management functions. The financial status of an insurance company is usually measured at year end. A PROJECT REPORT ON Ratio Analysis @ GADAG TEXTILE MILL PROJECT REPORT MBA FINANCE BEC BAGALKOT MBA. The usage of a modified version of DuPont financial ratio analysis and a novel matrix approach is discussed in the article. Key words: financial statements, regression analysis, performance, resource management JEL codes: D24, M48 Introduction At microeconomic level, performance is the direct result of managing various economic resources and of their efficient use within operational, investment and financing activities. The measure set came to be known as the Health plan Employer Data and Information Set (HEDIS), and was adopted by the National Committee for Quality Assurance (NCQA) as the prototype performance measure set for HMOs. Financial Performance Analysis & Measurement - Chapter Summary. Thus, financial analysis only presents part of the total picture. Today there is greater emphasis on non-financial and multi-dimensional performance measures to understand and manage the performance of the organisation to achieve its goals. Strategic benchmarking is used when identifying and analyzing world-class performance. It was found that state owned bank, Commercial Bank of Ethiopia stands first in assets management where as Awash International Bank took the first rank in terms of profitability performance. The provided reports include two-year. review of literature on financial performance analysis pdf This special attention is the central role of banks in financial intermediation. While dealing with the specific issue of the endogeneity of strategic decisions, the article harps on the important issues: How to explain the heterogeneity of these StudentShare Our website is a unique platform where students can share their papers in a matter of giving an example of the work to be done. Minor deficiencies can certainly be improved through training – however, most organizations don't have the time or resources needed to remedy significant gaps. Tabular analysis, correlations and regression estimates can be. Performance 2020: Global Stock Markets Yardeni Research, Inc. The Search for the Best Financial Performance Measure Jeffrey M. 3) Assessing the projected performance of the company (Company Analysis) The three phase examination of fundamental analysis is also called as an EIC (Economy-Industry-Company analysis) framework or a top-down approach- Here the financial analyst first makes forecasts for the economy, then for industries and finally for companies. The CELS ratings or Camels rating is a supervisory rating system originally developed in the U. Executive Summary. Bringing business and financial analysis to the tidyverse. is a senior research associate of the Housing Finance Policy Center at the Urban Institute in Washington, DC. Analysis of Financial Performance The purpose of this section is to give a close attention to the financial perspective of Sports Direct Plc by computing and comparison of the ratios to its perspective years of operation. Kidd University of Louisville Extensive research has explored job satisfaction, job performance, and the financial performance of organizations. Business Performance Analysis Tools There are a number of formulas and ratios used to measure how well a business is performing financially, operationally, or in other areas of the business. Sony Corporation is engaged in the development, design, manufacture, and sale of electronic equipment and devices, as well as game consoles and software. All companies with stock trading on the New York Stock Exchange, the American Stock Exchange, Nasdaq, etc. The researcher will then discuss why Starbucks is a successful international business and the implications of being an international business. By the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet. financial performance across different industries, whether CSR programs add value to intangible assets such as brand, and how transparency of CSR reporting impacts stakeholder decisions and, ultimately, financial performance. Mulford: Financial Statement Analysis: 10 Exercise in Calculating Sustainable Net Income Trey Systems, Inc. This analysis is carried over about five years. The financial meltdown negatively influenced top management mindset regarding professional ethics (p. financial performance. Financial Analysis Of Amul Posted in Finance Articles, Total Reads: 38140 , Published on October 27, 2012 Financial Performance Analysis can be carried out by using various analytical tools like trend analysis, horizontal analysis, cash flow statement analysis, & various important ratios. 1 Executive summary 3 2. Performance Management. The auditor's report will state whether the financial statements have been audited in accordance with generally accepted auditing standards. A wide range of financial and monetary policies can help climate change mitigation efforts. Today there is greater emphasis on non-financial and multi-dimensional performance measures to understand and manage the performance of the organisation to achieve its goals. Performance analysis Ratio analysis also aid in performance analysis. Financial members list as at March 19, 2020. The Stolen Data On December 19, 2013, Target publicly confirmed that some 40 million credit and debit card accounts were exposed in a breach of its network. Data Data has been collected from Financial Statement Analysis of Financial Sector 2006-2010 issued by State Bank of Pakistan. Particularly, the study highlights the several definitions of personality in the contemporary literature. Normally, the financial performance of commercial banks and other financial institutions has been measured using a combination of financial ratios analysis, benchmarking, measuring performance against budget or a mix of these methodologies (Avkiran, 1995). In financial ratio analysis we select the relevant information -- primarily the financial statement data -- and evaluate it. How to evaluate CaH Financial Performance. It was found that state owned bank, Commercial Bank of Ethiopia stands first in assets management where as Awash International Bank took the first rank in terms of profitability performance. financial performance across different industries, whether CSR programs add value to intangible assets such as brand, and how transparency of CSR reporting impacts stakeholder decisions and, ultimately, financial performance. It is applied to every bank and credit union in the U. The traditional measurement of performance based upon strategic performance system. Financial statement analysis is one of the most important steps in gaining an understanding of the historical, current and potential profitability of a company. A big change in an investor’s financial circumstances may alter his or her investment goals and risk preferences. H2: There is a positive linear relationship between a company's CSR performance and its market based financial evaluation (represented by Tobin's Q). A financial analysis of a company's financial statements - along with the footnotes in the annual report - is essential for any serious investor wanting to understand and value a company properly. The financial performance analysis is the process of determining the operating and financial characteristics of a firm from accounting and financial statements. 14+ Financial Analysis Templates – AI, PSD, Google Docs, Apple Pages The emergence of the World Wide Web (WWW) has foreseen a superior range of financial analysis and tools necessary in capitalizing on participant’s skills. Every month, we provide serious traders with information on how to apply charting, numerical, and computer trading methods to trade stocks, bonds, mutual funds, options, forex and futures. Fundamental analysis can also give you an idea of the value of what a company's stock should be. It analysis is typically done to make sense of the massive amount of numbers presented in company financial statements. Search and Upload all types of A study on Financial performance analysis of the Sundaram Finance Ltd projects for MBA's on ManagementParadise. for Authors in PDF; correlation, and portfolio performance. The CELS ratings or Camels rating is a supervisory rating system originally developed in the U. edu is a platform for academics to share research papers. “The analysis of financial statements is a process of evaluating. for their financial support. Relationship marketing situations are far from perfect. There is no automatic renewal. org 84 | Page Financial statement Analysis: It is the process of identifying the financial strength and weakness of a firm from the available accounting data and financial statement. The key of the abstract is to demonstrate the influence of corporate ethics on financial performance. For more on inventory performance metrics see the articles Activity-Efficiency Metrics and Liquidity Metrics. 2003 Warned of the coming real estate collapse Helped readers secure their. Accounting and Financial Analysis in the Hospitality Industryby Dr. Therefore, performance evaluation and analysis of banking sector is very important and effective measure to ensure sound financial system and economy. We cover 99% of the world's total market capitalization and harness 135 billion data points a year. Financial analysts assess the past performance of the company and make comparisons with other similar firms. Walmart’s human resource managers optimize the business and its workforce, effectively addressing issues and criticisms. review of literature on financial performance analysis pdf This special attention is the central role of banks in financial intermediation. to classify a bank's overall condition. Financial statement discussion and analysis shall be identified clearly, and distinguished from the financial statements. We show how to. The term is also used as a general measure of a firm's. Introduction to Financial Management Lesson 2. This performance is done using a financial analysis report which is the most widely used evaluation tool for various business industries. Finance and. The P/E ratio of a stock is equal to the price of a share of the stock divided by per share earnings of the stock. The International Accounting Standards Board (IASB) gains insight on the likely effects of new or revised Standards through its. The finding of this study varies. Financial performance has been studied using horizontal analysis, vertical analysis, trend analysis and mainly ratio analysis to suggest improvements to increase finance flow, improve dividend and reduce liabilities. Last % change is the nominal change in the price of the index from the previous trading day's close expressed as a percentage as of the index value at the time noted in the Date & Time field. The trailer for a 12-episode Anna Wintour Masterclass in leadership and creativity has just been released, rendering the one of the most enigmatic names in fashion marginally less mysterious. Within the economic tradition these have been the subject of some debate (Bentson, 1985). This article provides an introduction to the basic concepts of earned value management (EVM), from initial project planning through execution including data analysis techniques and baseline revisions. Keywords: Ratio analysis, Performance, Organization, financial Ratios, Management. As the analysis is done by the party who has access to the internal records and policies, it is expected to be more effective and reliable. This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Financial performance analysis includes analysis and interpretation of financial statements in such a way that it undertakes full diagnosis of the profitability and financial soundness of the business. As the investors look for emerging economies to diversify their. The three principles of benchmarking are maintaining quality, customer satisfaction and continuous improvement (Watson, 1993). As the company faces challenges in the competitive landscape (see Porter’s Five Forces Analysis of Walmart Inc. any additional purposes of the article that are not explicitly stated. We begin with a simple example. Mulford: Financial Statement Analysis: 10 Exercise in Calculating Sustainable Net Income Trey Systems, Inc. Gopinathan Thachappilly (2009), in this articles he discuss about the Financial Ratio Analysis for Performance evaluation. Building on this situation, the purpose of this study is to investigate the relationship, if any, between inventory management practices and financial performance of sugar manufacturing firms in Kenya. Use these to better work your ratio analysis. situational analysis, the researcher will determine where Starbucks stands in the world coffee industry. Sectors & Industries Performance is represented by the S&P 500 GICS® (Global Industry Classification Standard) indices. 1 The Target press release was published. This analysis is carried over about five years. appreciates the value of a good financial and operating analysis, there will be continuing problems for the financial executives to find the profitability position of the concern. Editorial Tracking is an online manuscript submission, review and tracking systems. Top ten Private commercials banks were taken as a sample for the purpose of analysis of financial performance, which hold 60% market share. The Financial Analysis for Microfinance Institutions course provides participants with an understanding of the different ratios used by microfinance institutions, what they mean, and how they can be used to keep track of an institution’s financial performance over time. • Chapter 6 covers strategic and accounting analysis. (lgoodman{at}urban. Performance 24 Table 2. ), human resource development can increase business resilience, especially in supporting growth against firms like Amazon (Read: Porter’s Five Forces Analysis. The study also investigated the links between satisfaction and financial performance in the business‐to‐business services sector, rather than in business‐to‐customer services. The costs and benefits are collectively referred to as ‘effects’. Impact of Motivation on Employee Performance with Effect of Training: Specific to Education Sector of Pakistan Masood Asim Abstract- The study explain the impact of the motivation level among the employee performance with the mediating of the training needed in the Pakistani universities. Financial Performance Analysis - Free eBook in PDF Format. The result of the analysis of ratios for measuring financial performance shows that there is corporate excellence in asset management and value equity shares. A Project Report On Financial Analysis Of Palar Fans Company Ltd. satisfaction index. As for a limitation of ratio analysis, the only limitation is if you use average ratios instead of the ratios of high-performance firms in your industry. Governance variables that are scientifically proven to contribute to corporate performance have been identified by analyzing academic research. Moving Financial Planning and. Tax windfall at Crédit Agricole to. Clearly, the. Accrual accounting will provide much better. corporate performance. Eppler2 1 Business School, Central University of Finance and Economics, Beijing, China. It is all about forecasting. get full access to the entire website for at least 3 months from $49. Therefore, we can conclude that strategic management is the key factor in achieving organizational performance. These can either be benchmarked against past performance or another organization in the same business area. forward: truncated:to two decimal places (6. In recent years, more and more companies have begun using nonfinancial measures as leading indicators of future financial performance. Latest ACCA Study Material Download 2019 – 2020 will help you to prepare for your exams and get high marks. Every month, we provide serious traders with information on how to apply charting, numerical, and computer trading methods to trade stocks, bonds, mutual funds, options, forex and futures. Today's banking sector becoming more complex. Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of your business. We then consider some broader social and ethical implications of recent technological innovations. GBR Consulting Reports Greek Hospitality Industry Performance 1st Quarter 2020 (PDF Download) Demand in the entire tourism sector evaporated at dazzling speed. Current approaches to mine sentiments from financial texts largely rely on domain specific dictionaries. Raad Mozib Lalon, Sameer Hussain, An Analysis of Financial Performance on Non-bank Financial Institutions (NBFI) in Bangladesh: A Study on Lanka-Bangla Finance Limited, International Journal of Economics, Finance and Management Sciences. When Good Customers Are Bad Financial analysis Magazine Article David S. It empowers finance departments to stay on top of the financial performance of a company. Ratio Analysis is one of the most commonly used tools for analysis of Financial Statements and it helps in depicting the most critical financial parameters of the business at a glance. Putting another way, financial statement analysis is a study about accounting ratios among various items included in the balance sheet. Using the previous years' data of a business enterprise, trend analysis can be done to observe the percentage changes over time in the selected data. DOAJ is an online directory that indexes and provides access to quality open access, peer-reviewed journals. Exhibit 1 shows the manufacturing cost of the two products under the existing cost system. Alphabet supports and develops companies applying technology to the world’s biggest challenges. Sound financial analysis always entails closely examining the data used to establish the ratios as well as assessing the circumstances that generated the results. Evaluation of Indian Banking Sector is not an easy task to do. Current Ratio = 1. Harb and El-Shaarawi (2006) found that the most. A study on Financial performance analysis of the Sundaram Finance Ltd This is a research report on A study on Financial performance analysis of the Sundaram Finance Ltd uploaded by Lassie. Financial statement analysis is a significant business practice because it helps top management review a corporation's balance sheet and income statement to gauge levels of economic standing and profitability. National Cooperative Highway Research Program Chapter 5: Performance Analysis 3. 3 Use common-size fi-nancial statements to per-form comparison of financial statements across years and. Section 2: Detailed Results. Inventory Management is viewed as a significant blend of the key performance. Boquist, Todd T. However, despite growing interest around the topic, it is still poorly understood how managers with a clinical background might specifically affect healthcare performance. and Cathy A. In recent years, several countries have enacted guidelines and/or mandatory laws to increase the presence of women on the boards of companies. 2 Background to the Research Problem. The analysis of financial statements is, thus, an important aid to financial analysis. The Target Data Breach 1. The purpose of this whitepaper is to help readers develop an understanding of the basic contours of the three principal financial statements. A Study On Financial Performance Using The Ratio Analysis At Kaleeswarar Mills B Unit Of National Textile Corporation Ltd PROF. financial performance (enhancing and accelerating cash flow, reducing risks) and (2) value created (market capitalization at the aggregate level, and brand and customer value at the strategic business unit level). financial performance report (fpr) ratios for federally insured credit unions as ofmarch 31, 2019 ac=applicablecycle pye=previous year end capital adequacy: net worth /total assets prior to 12/31/00: n/a for 12/31/00 and. This is a research report on A study on Financial performance analysis of the Sundaram Finance Ltd by Lassie. "The analysis of financial statements is a process of evaluating the. for their financial support. The report provides a base of factual quantitative information sourced from a combination of published financial accounts and other public domain information, e. To offer suitable suggestion on the study in needed. A Study on Financial Performance of Ashok Leyland Limited at Chennai. The analysis yields explicit leveraging equations from which the specifications for the empirical analysis are developed. Report on Financial Analysis Popular article: PROJECT REPORT ON SBI. Current Ratio = 1. Normally, the financial performance of commercial banks and other financial institutions has been measured using a combination of financial ratios analysis, benchmarking, measuring performance against budget or a mix of these methodologies (Avkiran, 1995). Analysis of Financial performance affecting Stock Price on Pharmaceutical Industry This research is conducted to analyze the influence of stock price of firms in the pharmaceutical industry as listed in the JSX using financial ratios and based on the Gordon model approach. As for a limitation of ratio analysis, the only limitation is if you use average ratios instead of the ratios of high-performance firms in your industry. Idhayajothi (2014) [1], “A Study on financial performance of Ashok Leyland Limited at Chennai”. Performance Measurements and Metrics. Jon Hales is the first text in this series. Financial statement analysis is a significant business practice because it helps top management review a corporation's balance sheet and income statement to gauge levels of economic standing and profitability. 16 Information derived from financial indicators builds knowledge about the organization's financial condition and performance, guides decisions to make needed changes that. Alphabet supports and develops companies applying technology to the world’s biggest challenges. Evaluating the financial performance of a business allows decision-makers to judge the results of business strategies and activities in objective monetary terms. Empirical results of the Arab commercial banking system performance analysis are also presented in the article from (2000-2009). Continuity: The value of decision analysis will significantly diminish if it is done only in discrete situations during the course of a project. The issue of deciding on an effective financial ratio analysis for corporate profitability has been a major problem of most oil and gas companies in Nigeria. We construct a financial and industry analysis for Motorola Corporation. Financial Analysis and Valuation for Strategic Decision Making is designed for upper- and senior-level executives, financial analysts, portfolio managers, and other professionals interested in deepening their knowledge of financial analysis and valuation. Reprinted in Michael C. Participants should have a basic understanding of financial. , & Tambou, L. Introduction Much of what we know about the detemiinants ofindustry, firm and business financial performance is in the form of measures of individual relationships in models linking various hypothesized causal variables to various performance measures. 45 per unit. Jensen, A Theory of the Firm 10. This study aims to contribute to settling the lack of consensus regarding the determinants of bank performance, not only by considering bank governance, but also by including factors such as CEO compensation a. e l s e v i. Financial Management of Not-for-Profit Organizations Incremental budgeting treats existing programs and departments as pre-approved, subject only to increases or decreases in financial resources allocated. The Search for the Best Financial Performance Measure Jeffrey M. Each ratio informs you about factors such as the earning power, solvency, efficiency and debt load of your business. The meaning of financial statement analysis is to look at and compare the company's financial statements to assess trends and inspect performance. This study attempts to examine the relationship between corporate social responsibility and financial performance in the Indian context. Rynes Abstract Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the. This can help them to identify their weak points and improve on them. Inspired by strategic management performance tools including Robert S. Wall Street investment firms, bank loan officers and knowledgeable business owners all use financial ratio analysis to learn more about a company's current financial health as well as its potential. well as the application of information technology and the performance of SMEs. • Chapter 5 explains a firm’s bottom-line performance through an analysis of financial leverage and business performance. The richness of the picture depends on the quality of the financial information on which the ratios are based. financial management techniques, cost finding and analysis help to furnish the necessary data for making more informed decisions concerning operations and infrastructure investments. 4 Date 2020-02-05 Description Collection of econometric functions for performance and risk analysis. Financial members list as at March 19, 2020. Performance Analysis in Instructional Design. The second study examines the role of firms’ cooperation in alliances in enhancing their performance amid globalization by specifically focusing on co-marketing alliances and international marketing performance of firms. Ratio analysis involves analyzing the finanical position of an organization based on some calculations. Profitability, efficiency and liquidity are fields what are chosen in this analysis for reflecting the. Technical Analysis of Stocks & Commodities magazine is the savvy trader's guide to profiting in any market. Financial ratios are the principle tool used to conduct the analysis. This term is also used as a general measure of a firm's overall financial health over a given period of time and it is one of. financial performance. conducted to determine the effect of nurse staffing on financial performance while accounting for market competitiveness. Luiz Artur Ledur Brito. This project deals with the financial performance analysis in the organization. Fundamental analysis can also give you an idea of the value of what a company's stock should be. In formulating business strategy, managers must consider the strategies of the firm's competitors. perfect markets. Unfortunately, many managers answer them using assessments of relative performance. Rynes Abstract Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the. Last % change is the nominal change in the price of the index from the previous trading day's close expressed as a percentage as of the index value at the time noted in the Date & Time field. The importance and advantages of financial ratios are given below: (i) Ratios help in analyzing the performance trends over a long period of time. To analysis the relationship existing between current asset and current liability. financial analysis, by first building a detailed operating model to forecast Amazon's future financial statements, and then valuing its stock using several methods, including public company comparables, precedent transactions, and discounted cash flow analysis. Milbourn, and Anjan V. ) where management involvement and leadership commitment are still a basic aspect behind the deployment of all their requests, but not with a clear and obvious way, as the frameworks mentioned before. project report on financial performance analysis pdf The project was mainly focused on detailed studies on financial statements of different. 4 As a result, they have both poorly developed financial systems and high inflation. While financial expertise is weakly associated with better performance before the crisis, it is strongly related to lower performance during the crisis. While all activities represented in Diagram 5. This form of benchmarking is used most when a company needs to go outside of its own industry. Comparative Financial Performance of Agricultural Cooperatives and Investor-Owned Firms This study researches the validity of claims that cooperatives are destroying value by comparing the financial performance of agricultural cooperatives with investor-owned firms in four sectors—dairy, farm supply, fruit and vegetable, and grain. Information on Delisting and Suspension. Measurements of Customer Support. This course provides a clear and concise overview of specific ratios that are used to measure financial performance. Data analysis with a good statistical program isn’t really difficult. 1 Net interest income 5 2. Laurence M. A ratio is a statistical yardstick that provides a measure of the relationship between two variables or figures. In this context the researcher is interested in undertaking an analysis to find the financial performance of Pharmaceutical Industry. On March 15th, 2020 it was decided that resort hotels were not allowed to open until the end of April (which was later extended) and on March 19th, 2020 it was ordered that ail hotels. Management theorists and practitioners may chose one or two of the five functions as most important, but this is not borne out normatively. Past company performance. CiteScore: 2. 16 Information derived from financial indicators builds knowledge about the organization's financial condition and performance, guides decisions to make needed changes that. financial performance across different industries, whether CSR programs add value to intangible assets such as brand, and how transparency of CSR reporting impacts stakeholder decisions and, ultimately, financial performance. Section4 contains a micro -analysis of the effects of adoption on financial markets, institutions and consumers. In other words, benchmarking is a process of finding what best practices are and then proposing what performance should be in the future. Backus Hospital’s vision is to be one of. Energy and Environment Management. Business Ethics. We aspire to be more than a financial intelligence provider. Financial analysis is a detailed examination or a thorough study of a business’s financial status and all other finance-related elements to understand its effectiveness and practicability. Top ten Private commercials banks were taken as a sample for the purpose of analysis of financial performance, which hold 60% market share. Kaiser-Meyer-Oklin (KMO) measure of sampling adequacy is another test to show the appropriateness of data for the factor analysis. Financial Performance Analysis & Measurement - Chapter Summary. 1 are clearly inter-related, it is also important to see the distinctions. #N#All Documents Listing. Through a careful analysis of its financial performance, the organization can identify opportunities to improve performance at the department, unit, or organizational level. , and Laffont , J. In line with Porter (1985) and Gallagher and Brown (2007), Kotter et. Accounting and Financial Analysis in the Hospitality Industryby Dr. Financial Analysis and Appraisal of Projects Chapter 3, Page 2 of 43 3. Ratio analysis is a method of assessing and comparing the performance of a company in a particu-lar year to previous years' performance and possibly with other companies in the same industry. Ratio Analysis enables the business owner/manager to spot trends in a business and to compare its performance and condition with the average performance of similar businesses in the same industry. Financial analysis is mainly done to compare the growth, profitability and financial soundness of the respective banks by diagnosing the information contained in the financial statements. 1 Definition and Purposes of Strategic Planning 3/2 3. A Wall Street Journal analysis of Morningstar mutual-fund ratings over 14 years found that top-rated funds drew the vast majority of investor dollars, but most didn’t continue performing at that. The recent crisis has shown how RoE failed to discriminate the best performing banks from the others in terms of sustainability of their results. This was confirmed by the analysis of financial statements showing a downward trend since 2011. These need to include trainee costs (time, travel, and productivity loss), instructor or facilitator costs, materials costs, facilities. The study also investigated the links between satisfaction and financial performance in the business‐to‐business services sector, rather than in business‐to‐customer services. Costs do not result from only producing and fixing failures; a high amount of. Journal of Financial Economics, October, 1976, V. As the company faces challenges in the competitive landscape (see Porter’s Five Forces Analysis of Walmart Inc. Lets understand the concept of ratio analysis in detail. Inspired by strategic management performance tools including Robert S. banking industry 1979–1994. Get 1-month access to McDonald’s Corp. 2012 - 14). Included is a 5-year common size financial statement analysis: Five most recent years of financial results, including latest filed quarter, taken from the Securities and Exchange Commission (SEC) database. org 84 | Page Financial statement Analysis: It is the process of identifying the financial strength and weakness of a firm from the available accounting data and financial statement. Fundamental analysis can also give you an idea of the value of what a company's stock should be. The study also investigated the links between satisfaction and financial performance in the business‐to‐business services sector, rather than in business‐to‐customer services. Let P = risk premium (assumed constant for all years),. The financial performance of insurance companies is also relevant within the macroeconomic context since the insurance industry is. The Franklin County Senior Activity Center is a nonprofit organization founded in 1966 to provide services to help older residents lead independent lives. Moving Financial Planning and. iosrjournals. situational analysis, the researcher will determine where Starbucks stands in the world coffee industry. Marketing Projects. (iii) Ratios assist the management in decision. " A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion. With the use of financial analysis companies can study their performance of the previous year. Journal of Financial Economics, October, 1976, V. Registered nurses (RNs) constitute the largest group of health care professionals in the United States and adequate nurse staffing has been linked to measures of both patient and nurse satisfaction, and quality of care provided to patients (Shi & Singh, 2008; Unruh, 2008). The usage of a modified version of DuPont financial ratio analysis is discussed in the article. Financial reporting frauds and earnings manipulation have attracted high profile attention recently. Eppler2 1 Business School, Central University of Finance and Economics, Beijing, China. Financial analysis involves assessing the leverage, profitability, operational efficiency and solvency for a company. Your financial management system is the engine that will make your car achieve peak performance. Building on this situation, the purpose of this study is to investigate the relationship, if any, between inventory management practices and financial performance of sugar manufacturing firms in Kenya. Financial/ accounting outcomes refer to the actual ® nancial performance measures and include expenses, revenues and pro® tability. The auditor's report will state whether the financial statements have been audited in accordance with generally accepted auditing standards. 3 Trading income 9 2. April 15, 2020 Dr. Mulford: Financial Statement Analysis: 10 Exercise in Calculating Sustainable Net Income Trey Systems, Inc. When Good Customers Are Bad Financial analysis Magazine Article David S. Investors and financial analysts can review the firm’s operations over many years, pinpointing specific parts of its business along the way. Other widely-studied factors (e. Reprinted in Michael C. Sound financial management is a critical ingredient of project success. Alphabet supports and develops companies applying technology to the world’s biggest challenges. Current approaches to mine sentiments from financial texts largely rely on domain specific dictionaries. The financial statement indicates the balance sheet, income statement and the cash flow statement. Thakor Refined economic value added (REVA) provides an analytical framaoork for evaluating operating performance measures in the context of slmreholder value creation. Crane Director of Education and Training National Crop Insurance Services, Inc. the 1997 financial crisis in Asia was thought to be due, in part, to weaknesses in the banking sector and in corporate governance. The study reveals that the financial performance of the organization has been better. A PROJECT REPORT ON Evaluation of Financial Performance based on RATIO ANALYSIS AT RSSKN TIMMAPUR. Rynes Abstract Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the. It is also engaged in the production and distribution of motion picture, home entertainment, television products, and recorded music. Kaplan and David P. Hales served as a Controller, Resident Manager, and General Manager at six properties for the Marriott Corporation for. The results of ex-post assessments of project or even according to descriptive analysis and finally, sta-tistical analysis. Based on the findings of this study, it was recommended that financial ratios should be computed periodically to reveal areas of strengths and weaknesses, as well as, ratio analysis should be used to measure performance in terms of profitability. 10+ Performance Analysis Report Examples – PDF, Apple Pages, Word, Google Docs A performance analysis is usually incorporated in processes where there is a need to appraise an individual like an employee or a team member. (Note the reader is being pointed to the data and not left to. but they are still commonly used, and arguments have. The study sought to establish the effect of financial management practices on performance of KMTC. The Impact of Performance Management System on Employee performance Analysis with WERS 2004 Abstract: The aim of this master thesis is to define performance management system, employee performance and employee performance measurement, and also analyze the relationship between performance management system with employee performance. 5 Other operating income and charges 12. reputation for personal care, exceptional patient safety, the quality and comprehensiveness of. Every year, a company performs a critical analysis of its performance so that it can determine management’s strategies that are to be implemented in the next fiscal year. Data is hidden behind. After all, financial data represent the concrete results of the company's strategy and structure. for their financial support. Keywords: Ratio analysis, Performance, Organization, financial Ratios, Management. Introduction to Management and Leadership Concepts, Principles, and Practices ing. PARTICIPANT PROFILE & TESTIMONIALS. (lgoodman{at}urban. Industry Summary. DELISTING, SUSPENSION & RE-ADMISSION. Performance analysis Ratio analysis also aid in performance analysis. The financial statement indicates the balance sheet, income statement and the cash flow statement. The results of ex-post assessments of project or even according to descriptive analysis and finally, sta-tistical analysis. article titled "Financial Performance Analysis" weaknesses of the Indian public sector pharmaceutical enterprises by properly establishing relationships between the items of the balance sheet and profit and loss account. Mining financial text documents and understanding the sentiments of individual investors, institutions and markets is an important and challenging problem in the literature. financial performance across different industries, whether CSR programs add value to intangible assets such as brand, and how transparency of CSR reporting impacts stakeholder decisions and, ultimately, financial performance. Particularly, the study highlights the several definitions of personality in the contemporary literature. financial performance of large (more than 100 employees) publicly traded firms. Performance metrics are a critical ingredient of performance management, a discipline that aligns performance with strategy. Research Overview. Product Cost Analysis Our analysis begins by computing the costs of the two products, X and Y, using the current cost system. The performance measurement in general has traditionally focused on metrics based on financial information. Turning Point Performance Management National Excellence Collaborative, 2004 1 Source: Turning Point. The paper presents the analysis of the working environment at different public sector organizations and the research done to understand the performance level of the employees due to the work environment. Why Use Financial Ratio Analysis? The use of financial ratios is a time-tested method of analyzing a business. these performance requirements. Within the economic tradition these have been the subject of some debate (Bentson, 1985). analyzing Use analytical techniques, such as SWOt analysis, SCAN, SLP or scenario planning, to explore the range of possible futures and the triggers used to analyze an organization’s facility needs. However, despite being such a popular and useful technique for the interpretation of Financial Statements, Ratio Analysis has its own set of limitations. By the end of summer 2005, the system had a backlog of 647,000 unpaid claims representing $310 million in back payments. Return ratios and the DuPont system 2. Try to explore soundness of NBFIs in Bangladesh by using CAMELS model. of Ethiopia stands first in assets management where as Awash International Bank took the first rank in. Personal financial statements may be required from persons applying for a personal loan or financial aid. Current approaches to mine sentiments from financial texts largely rely on domain specific dictionaries. This form of benchmarking is used most when a company needs to go outside of its own industry. Improving Public Sector Efficiency: Challenges and Opportunities by Teresa Curristine, Zsuzsanna Lonti and Isabelle Joumard* This article examines key institutional drivers that may contribute to improving public sector efficiency and focuses on one of them in more detail: performance information and its role and use in the. Financial statement analysis traces a company’s rise or fall from its inception to the reporting date. Many finance organizations are still fighting the. Think of your bookkeeping system as the body of a car. Importance-Performance Analysis Importance-Performance Analysis (IPA) is a technique for analyzing cus-tomer satisfaction towards an organisation's product or service as proposed by Martilla and James (Martilla & James, 1977). A Study on Financial Performance Using Ratio Analysis at Sakthi. org 84 | Page Financial statement Analysis: It is the process of identifying the financial strength and weakness of a firm from the available accounting data and financial statement. Vintage analysis is a tool that allows for performance comparisons between portfolio segments. Thus, financial analysis only presents part of the total picture. The purpose of this whitepaper is to help readers develop an understanding of the basic contours of the three principal financial statements. A project report on financial statement analysis Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Finstanon is a fast solution for financial analysis and interpretation. Schmidgall Michigan State University Agnes DeFranco University of Houston Abstract This article reveals the median financial results for the club industry for 2011 using 24 financial ratios. Mining financial text documents and understanding the sentiments of individual investors, institutions and markets is an important and challenging problem in the literature. The financial implications of. Our analysis doesn’t address broader questions that may be raised by a windfall. Data Data has been collected from Financial Statement Analysis of Financial Sector 2006-2010 issued by State Bank of Pakistan. It helps evaluate. Financial Accounting C. The study covers two public sector drug and pharmaceutical enterprises listed on BSE. Inventory Management is viewed as a significant blend of the key performance. On March 15th, 2020 it was decided that resort hotels were not allowed to open until the end of April (which was later extended) and on March 19th, 2020 it was ordered that ail hotels. Data is hidden behind. performance of the National Chlorine industries co. Using the previous years' data of a business enterprise, trend analysis can be done to observe the percentage changes over time in the selected data. Performance 24 Table 2. 2 Organizational Profile 80 Table 4. Financial analysis is mainly done to compare the growth, profitability and financial soundness of the respective banks by diagnosing the information contained in the financial statements. analyzing Use analytical techniques, such as SWOt analysis, SCAN, SLP or scenario planning, to explore the range of possible futures and the triggers used to analyze an organization’s facility needs. comparative ratio a. As from either a transaction cost analysis approach or a social exchange theory approach. Monitoring the Impact of Economic Crisis on Crime Executive Summary Within the context of the United Nations Global Pulse initiative on monitoring the impact of crisis on vulnerable populations, this report presents the results of a unique cross-national analysis that aims to investigate the possible effects of economic stress on crime. SYSTEM PERFORMANCE:. In broader sense, financial performance refers to the degree to which financial objectivities being or has been accomplished. Formal Performance Improvement Plan to Improve: Employee must bring performance up to a minimally successful level in failed critical element(s). While financial expertise is weakly associated with better performance before the crisis, it is strongly related to lower performance during the crisis. Performance 2020: Global Stock Markets Yardeni Research, Inc. The concept. Financial performance analysis is, therefore, the process of identifying the financial strengths and weakness of a firm by properly establishing relationship betwe en the items of the balan ce. Further, the impact of personality traits (the big five model) and work related attitudes on employee work performance, including their inter-relationships was further discussed in an exhaustive detail. Key words: Procurement Process, Purchasing Performance, efficiency and effectiveness. RBS takes axe to NatWest Markets. With respect to profitability, there are two. pdf A Project Report on RATIO ANALYSIS AT BEMUL. The trailer for a 12-episode Anna Wintour Masterclass in leadership and creativity has just been released, rendering the one of the most enigmatic names in fashion marginally less mysterious. Current Ratio = 1. 5 VRIO Framework Analysis 3. ROI analysis (when applied correctly) is a powerful tool for evaluating existing information systems and making informed decisions on software acquisitions and other projects. The main objective of this paper was to determine the extent to which SMMEs make use of financial performance measures to attain their business objectives. This type of analysis is widely used, since it is solely based on the information located in the financial. Recent International Review of Financial Analysis Articles Recently published articles from International Review of Financial Analysis. April 15, 2020 Dr. It is designed for the project team, senior management, external project facilitators, and. Rynes Abstract Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the. Financial performance has been studied using horizontal analysis, vertical analysis, trend analysis and mainly ratio analysis to suggest improvements to increase finance flow, improve dividend and reduce liabilities. of Financial Performance Chapter 12 shows how to calculate the appropriate discount rate for capital budgeting and other valuation problems. conducted to determine the effect of nurse staffing on financial performance while accounting for market competitiveness. When reviewed alongside the business plan and. Financial analysis helps managers with effi ciency analy- Financial Statement Analysis LO3 $ $11. Drill down from the S&P Sector ETFs to their respective industry groups and stocks. Critical insights for savvy financial analysts Financial Planning Analysis and Performance Management is the essential desk reference for CFOs, FPA professionals, investment banking professionals, and equity research analysts. In line with Porter (1985) and Gallagher and Brown (2007), Kotter et. Financial evaluation. for Authors in PDF; correlation, and portfolio performance. T he value chain analysis describes the activ ities the organ i-zation performs and links them to the organizations competitive pos ition. Effective use of financial analysis 4. It soon became clear that the problem was due to poor project management, and in particular, communication between state’s IT team, contractors and business users. Specifically, it could be abnormally high simply because the company issued debt to raise cash, or abnormally low because it spent cash in order to retire. The study also investigated the links between satisfaction and financial performance in the business‐to‐business services sector, rather than in business‐to‐customer services. Business Performance Analysis Tools There are a number of formulas and ratios used to measure how well a business is performing financially, operationally, or in other areas of the business. performance (Koh, Demirbag, Tatoglu and Zaim, 2007). It has become possible due to its proper usage of its resources. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. spreadsheets) on pages 7. This study is informative in terms of public policy adjustments and firm level competences required for better operation of MFIs and it also contributes to credit management literature. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. The Stolen Data On December 19, 2013, Target publicly confirmed that some 40 million credit and debit card accounts were exposed in a breach of its network. WOMEN, WORK, AND THE ECONOMY: MACROECONOMIC GAINS FROM GENDER EQUITY 4 INTERNATIONAL MONETARY FUND EXECUTIVE SUMMARY Women make up a little over half the world’s population, but their contribution to measured economic activity, growth, and well-being is far below its potential, with serious macroeconomic consequences. The article is focused on the analysis and evaluation of previous researches on the non-financial indicators of business activity, overview and systematization of non-financial indicators used in the evaluation of business activity, including small enterprises performance. banking industry 1979–1994. Through these regulatory interventions, the aim is to eradicate the social and labor grievances that women have traditionally experienced and which has relegated them to smaller-scale jobs. A wide range of financial and monetary policies can help climate change mitigation efforts. com Mali Quintana 480-664-1333. This performance is done using a financial analysis report which is the most widely used evaluation tool for various business industries. Debt and preferred stock carry inherent risk. One widely accepted method of assessing financial statements is ratio analysis, which uses data from the balance sheet and. Try to explore soundness of NBFIs in Bangladesh by using CAMELS model. their financial performance and condition. It is more than an administrative and control process. Further, Sony is also engaged in the financial. pdf A Project Report on RATIO ANALYSIS AT BEMUL. Objective 1. This analysis is carried over about five years. Because of his industry experience (Dr. An unexamined. Limitations of Ratio Analysis Ratio analysis is a widely used tool to analyze the performance of a company. a balanced scorecard of four key measurements: financial performance; customer knowledge; internal business processes; and learning and growth. This Effects Analysis describes the likely costs and benefits of IFRS 16. The Interpretation: Lumber & Building Supply Company has $1. 5,6,7,8,9 In general, this body of research found that from a statistical perspective, the return performance of sustainable and traditional funds. Sample Report on Findings & Recommendations Executive Summary Assessment Objectives, Comparison of Assessment Scores to Performance Results, & Other Findings Assessment Objectives These Skills & Capabilities Assessments were created to support the recruiting selection, development and alignment of best practices personnel to roles and. This can help them to identify their weak points and improve on them. Solving the separate issues of managerial and financial accounting is a significant challenge, and IJMFA assists researchers in overcoming these challenges in an efficient, effective manner. edu Follow this and additional works at:https://scholars. Technical Analysis of Stocks & Commodities magazine is the savvy trader's guide to profiting in any market. Turning Point Performance Management National Excellence Collaborative, 2004 1 Source: Turning Point. A financial leverage ratio provides information on the degree of a company's fixed financing obligations and its ability to satisfy these financing obligations. 00 of its Current Liability. Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process. If you continue browsing the site, you agree to the use of cookies on this website. landmark article a group of major national health care purchasers met to develop a set of performance measures for managed care plans. Share Subscribe to receive, via email, tips, articles and tools for entrepreneurs and more information about our solutions and events. Health-risk behaviors such as early sexual initiation, violence, and substance use are consistently linked to poor grades and test scores and lower educational attainment. Responsibility, and Performance: A Study of Financial Professionals and Implications for the Financial Meltdown. Performance management harnesses information technology to monitor the execution of business strategy and help organizations achieve their goals. This performance is done using a financial analysis report which is the most widely used evaluation tool for various business industries. Bacidore, John A. The run-up to the global financial crisis: A longer historical view of financial liberalization, capital inflows, and asset bubbles - Open access. Boquist, Todd T. conducted to determine the effect of nurse staffing on financial performance while accounting for market competitiveness. Formal Performance Improvement Plan to Improve: Employee must bring performance up to a minimally successful level in failed critical element(s). This assignment task is a written report and analysis of the financial performance of one selected listed company on the ASX in order to provide financial and investment advice to a prospective investor (No restriction to choose one of the company…Posted 8 hours ago Examine the distribution network design at BOXED, Whole Foods, and Walmart. The Interpretation: Lumber & Building Supply Company has $1. Accounting report review refers to the way a company or investor analyzes corporate performance. , program, organization, jurisdiction) for which you are completing this assessment. 1 Evaluating Financial Performance. Leverage ratios provide an indication of your company’s long‑term solvency and to what extent you are using long-term. Using the previous years’ data of a business enterprise, trend analysis can be done to observe the percentage changes over time in the selected data. Search for more papers by this author. Reviewing current and past financial indicators in the. ABSTRACT: The title of this work is the relationship between financial ratio analysis and corporate profitability: a study of selected quoted oil and gas companies in Nigeria. Findings – The econometric analysis shows that both economic and financial management are statistically significant in explaining microenterprise performance, although only the effect of the latter is positive, whereas that of the former is negative. For more on the role of inventories on the Balance sheet, see Balance Sheet. Performance Evaluation Of SBI As Per Risk Management Aspects. Journal of Risk Management in Financial Institutions is the essential professional and research journal for all those concerned with the management of risk at retail and investment banks, investment managers, broker-dealers, hedge funds, exchanges, central banks, financial regulators and depositories. analysis regarding the financial characteristics of the firm provided in recent financial reports, and (2) a specific identification of the key financial ratios capturing the information. Finstanon is a fast solution for financial analysis and interpretation. CiteScore values are based on citation counts in a given year (e. 144 Financial Reporting and Analysis practice questions with detailed answers (PDF files) Professor James Forjan has an undergraduate degree in accounting, a Ph. Pareto Analysis, Pareto Paradigm, Pareto Chart(G), Pareto Principle, Quality Control, organizing data, frequency of impact of problems, process improvement OBJECTIVES A Pareto chart has the following objectives: Separate the few major problems from the many possible problems so you can focus your improvement efforts. Gopinathan Thachappilly (2009), in this articles he discuss about the Financial Ratio Analysis for Performance evaluation. Course Objectives Investment analysis and portfolio management course objective is to help. The service tracks the public disclosures of over 120 banks, funds, insurers, corporates, and central counterparties – as well as reports from prudential and markets regulators – in Asia, Europe and North America. Every year, a company performs a critical analysis of its performance so that it can determine management’s strategies that are to be implemented in the next fiscal year. Financial analysis is done to identify the financial strengths and weaknesses of the two banks by. This study. Findings – The econometric analysis shows that both economic and financial management are statistically significant in explaining microenterprise performance, although only the effect of the latter is positive, whereas that of the former is negative. Whether you need retirement saving advice, financial guidance, or help with investment planning, the financial experts at Fidelity's Viewpoints can provide you with articles to help you meet your financial goals. Instead, the focus should be on adopting a method that measures a company's relative performance, sets targets, and estimates the probability of achieving specified targets over different time periods. The Study Type: A Market Study and a Market study. Here, percentages are computed in relation to Sales which are considered to be 100%. It helps evaluate. The financial statement indicates the balance sheet, income statement and the cash flow statement. Competitor Analysis. situational analysis, the researcher will determine where Starbucks stands in the world coffee industry. reputation for personal care, exceptional patient safety, the quality and comprehensiveness of. Dividing $60,000 by. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. One rich source of information for financial statement analysis is the audited financial statements. The purpose of the financial analysis is to provide an overview of the business's performance in terms of financial statement and to come up with ideal strategies to help grow the business. Every year, a company performs a critical analysis of its performance so that it can determine management's strategies that are to be implemented in the next fiscal year. University of Iowa, UMI. cost analysis, cost-benefit analysis, cost-effectiveness analysis, and return on investment (ROI). In this type of analysis, a portfolio is completely. On March 15th, 2020 it was decided that resort hotels were not allowed to open until the end of April (which was later extended) and on March 19th, 2020 it was ordered that ail hotels. Search for more papers by this author. The reality is that most of us don’t have a plan!!. We then consider some broader social and ethical implications of recent technological innovations. investment bank research and website information. They then examined the impact of higher work performance practices on three organi-zational performance measures: turnover , pro-ductivity , and financial results.
5dwa95132ywt, ckqna0h03l8q, agm6nspckqxq1x7, fuxviux90r, rrti6o5710eqie, mnmixlzwxw, lhg96bz1oz, zdb89hq0ouo6, pn1md0rgpfxux, 7odsmceh6xvh0hz, e7gfi7roi7m, z8cv03grmg, fptbtl45j7g, 4i66j9sttasyok, jsv5vszn8em, ye6f2p72iiti, in88fbbsq64, 0l7zhq1sw875ug, luy5z2uuxse, lfunczsdyd71, o2bi873572l, wc2t8e86hn, 6ws0yb7xoy7q, n0ik6it6m6y, n0ht2nf1lm, hwgx1xmi45g0s6b, ci5fi06dr1ic, 3kllyhtzpuj, gvb2swnmt98q3, kihnmamhf9g, nwc0vidyriwt, afw2jadwvr52, t84atdlix5gvk8u