The ratio analysis of black sea somewhat gives a precise account of the financial position and performance of BlackSea. The different ratios look at different aspects of the business. Moreover, two years ratios were compared and analyzed above. This means that stock holders as well as the directors have a better understanding of the performance and progress of the business compared to the industry’s and its previous year’s performance.
We can see that the operating profit margin and the gross profit margin decreased even though the company increased its net income by 47m dollars. Therefore it is advised to look at the whole scenario and all data rather than the ratios alone. BlackSea’s performance can be matched with the industry’s performance and thus an approximate prediction can be made.
The managers can make ample use of the ratio analysis. For example BlackSea’s managers can see that the liquidity of the business increased by looking at the liquidity ratios and thus they would not want to take short term or long term loans.
Other aspects should also be kept into mind. The ratio analysis only shows the financial aspects of a business. It does not show other aspects like heavy amounts spent in research and development of technology.
The balance sheet dates are also important. BlackSea’s balance sheets may be made on different dates than the dates of other companies. Therefore, the market situation at different times of the year may vary which may influence the ratio analysis of BlacSea.
We are not sure whether the other companies use the same procedure and methods as BlackSea for example depreciation policies, perpetual inventory system etc. These aspects can also greatly affect the credibility of ratio analysis for BlackSea.
Other aspects like customer and labor satisfaction, quality of product and market share are also ignored when we only consider the ratio analysis.
BlackSea’s weaknesses can also be located if we look carefully. For example we can straight away see from the operating profit and gross profit ratios that the profitability decreased. If we had not taken into consideration the ratios then apparently the sales and profits increased and we would have mistaken the business to be prospering.
The business prospered but not as much as it did in 2009. The profitability ratios indicate that the company’s profitability decreased. The gross profit margin and the operating profit both decreased and they were lesser than that of the industry’s.
黑海的比率分析点对财务状况和经营业绩的黑海准确的描述。不同比例的不同业务方面看。此外，两年以上的比率进行了比较和分析。这意味着股东以及董事会有一个更好的了解企业的经营业绩和进步的行业相比，和前一年的业绩。
我们可以看到，运营利润率和利润率下降，尽管该公司增加4700万美元的净收入。因此，建议看看整个场景和所有数据而不是单独的比率。黑海的性能可与企业绩效的配合，因此一个近似的预测可以。
管理者可以充分的利用比率分析。例如黑海的经理们看到了业务的流动性增加的流动性比率，因此他们不想长期或短期贷款。
其它方面也应顾及。比率分析只能说明企业的财务方面。它并没有显示出像大量花在技术研究与开发等方面。
资产负债表日期也很重要。黑海的资产负债表，可以在不同的时间比其他公司的日期。因此，在一年的不同时期的市场情况可能会有所不同，这可能会影响blacsea比率分析。
我们不确定是否其他公司使用相同的程序和方法，例如折旧政策黑海，永续盘存制等方面也大大的影响比分析的可信度黑海。
客户满意度等方面的劳动，产品和市场份额质量也忽略了当我们只考虑比率分析。
黑海的弱点也可以位于如果我们仔细看。例如我们可以马上看到从营业利润和利润率，盈利能力下降。如果我们没有考虑那么明显比销售和利润的增加，我们会误以为是商业繁荣。
生意兴隆但不一样的2009倍之多。收益率表明，公司的盈利能力下降。毛利润率和营业利润减少，他们少的行业的。
