Financial Statements Ratio Analysis Course

Demonstrates how EBITDA, earnings before interest, tax, depreciation, and amortization, enables cross-industry comparison. Notes limitations like ignoring working capital and capex, and introduces adjusted EBITDA and the EBITDA multiple.

Explore return on equity and its calculation as net income after tax divided by equity. Apply capm to determine your roic threshold using risk-free rate, risk premium, and beta.

Explore ratio analysis to compare performance across periods and against benchmarks, using the Wrona methodology to assess operational performance and capital structure through five ratio groups including Rohner and ROIC.

an in-depth module on operational analysis and ratio analysis, examining return on net operating assets, operating profit, asset utilization, and cash flow with practical trading and service examples.

Assess return on equity, gearing, and liquidity to analyze cash flow and risk. Link operating analysis to financial results and identify gaps in working capital and profitability.

Analyze gearing and capital structure through geared vs ungeared scenarios, highlighting how debt boosts return on equity and tax shields while raising interest costs and risk.

Apply Porter's five forces to assess industry intensity after financial and operational analysis, ranking entrants, substitutes, suppliers, and customers, then pursue cost leadership, differentiation, or niche strategies.

Understand how corporate and individual taxable income is determined under the South African Income Tax Act, covering gross income, deductions, capital allowances, and dividend tax.

Explore an automated excel workbook guiding income statements, balance sheets, cash flow, and ratio analysis, enabling input of figures, dynamic updates, free hand analysis, and a Z-score assessment.

Recap how IFRS and GAAP frame statements. Read the balance sheet, income statement, and cash flow using the five-point method; apply Rohner analysis and Porter's forces via the worksheet.