Gs & Ms

Goldman Sachs (GS) and Morgan Stanley (MS) are two global financial banking in the world. As I see in the income statements for both companies, from 2007 to 2009, both companies have decreased total revenues rapidly. GS has its total revenues $87,968,000 thousand in 2007, $53,579,000 thousand in 2008, and $45,173,000 thousand in 2009. MS has its total revenues $85,328,000 thousand in 2007, $62,262,000 thousand in 2008, and $23,358,000 thousand in 2009. However, even though the total revenues for both companies decreased, the net incomes show in a different way. The net incomes for GS decreased from $11,599,000 thousand in 2007 to $2,322,000 thousand in 2008, but increased from $2,322,000 thousand in 2008 to $13,385,000 thousand in 2009. On the contract, the net incomes for MS decreased from $3,209,000 thousand in 2007 to $1,707,000 thousand in 2008, and also decreased to $1,346,000 thousand in 2009.
On the balance sheets, for GS, the total asset and total liabilities from 2007 to 2009 were decreasing, and the total stockholder equity was increasing. However, the total asset for MS was decreasing from 2007 to 2008, but increasing from 2008 to 2009. On the other hand, GS has its net tangible assets $74,714,000 thousand in 2009, but MS only has $34,472,000 thousand.
From both income statements and balance sheets, Goldman Sachs has better operation works than Morgan Stanley during three years. GS not only has better net income but also has greater net income applicable to common shares than MS. In 2009, GS has $12,192,000 thousand of net income applicable to common shares, but MS has -$907,000 thousand.

Ratio Analysis

Ratio Analysis |
　 | 　 | 　 | 　 | 　 |
　 | Goldman Sachs (GS) | Industry: Diversified Investment | Morgan Stanley (MS) | Industry: Investment Brokerage |
Current | NA | 0.8 | NA | 0.3 |
Quick | NA | 0.1 | NA | 0 |
Inventory Turnover | NA | 0.7 | NA | 0.4 |
Days Sales Outstanding (DSO) | 0.6 | 107.9 | 0.8 | 2.4 |
Total Assets... [continues]

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