日照港財務(wù)分析Rizhao port

1、適用于簡約清新及相站長素材 ThePortofRizhaoisanaturaldeep-waterseaportonthecoastofthecityofRizhao,ShandongProvince,PeoplesRepublicofChina,locatedonthesouthernshoreofShandongPeninsula,openingtotheYellowsea.Ithas46deep-waterberthsintwomainport. Value:Rizhaoport12.9billionYingkouport：29.7billionIntroductionYearCurre

2、nt ratio Quick ratioCash ratio20111.471.370.7420120.820.780.2820130.850.800.28Short-term solvencyThesedatashowRizhaoportsshort-termsolvencywhichwasgraduallydecreased,butthistrendonYingkouportwasopposite(rosefast).YearCurrent ratioQuick ratioCash ratio20110.500.400.1220121.040.990.5120131.331.290.82:

3、YearTotal debt ratioDebt-equity ratioEquity multiplierTimes interest earned ratio20110.3457090.5281.52867220120.3464070.5301.5303620130.3451180.5261.52644Long-term SolvencyInrecent3years,Rizhaoportstrendinlong-termsolvencywasstrongandbalanced.YearTotal debt ratioDebt-equity ratioEquity multiplierTim

4、es interest earned ratio20110.531.172.175.6120120.370.591.5910.220130.340.531.539.78In the year 2012, Rizhao port added 9 berths through bought part of Subsidiarys ports. The company completed the foreign equity investment of 14.248 billion, relatively on 2011 which increased 12.37 billion and grew

5、658.77% compared to the same period. YearInventory turnoverDays sales in inventoryReceivables turnoverDays sales in receivablesTotal asset turnoverCapital intensity201117.64620.68311.01633.1310.3412.927201225.88414.10010.86033.6070.3472.879201329.46212.3888.20744.4700.3123.199 Asset utilizationTheas

6、setmanagementabilityofRizhaoportwasdeclinedRizhaoportsinventoryturnovercontinuallyraisedwhichisanegativesignaltocompanybecauseitwilldecreasethecompanysliquidity. Profitability and DuPont IdentityYearRoeRoaProfit margin20110.073190.047887550089670.0586080.16873820130.0800230.0524060.1676

7、87TheprofitabilityofRizhaoportwasoverallriseandattheforefrontofportindustries.YearRoeRoaProfit margin20110.0526430.0242480.09429407420120.051940.0325920.1519660920130.0508170.0331610.1452072429berthsandinvestmentsThiscompanyhasastrongcapacityinsolvency.Accordingtotheinvestmentandexpansionin2012,itprofitsachievedsteadygrowth.Butinrecent3years,TheAssetutilizationofRizhaoportwasnotgoodenough.Withtheexpansionofscale,thecompanyismeetingthelackofmanagementpersonnelandprofessionalpersonnelcannotadapttothe