JB Hi Fi Ltd Company Analysis Report Executive Summary The impact of a company’s financial statement depends mainly on the company’s business strategy; both transactional and operational‚ its industry profile and the nature of its competitive environment. This report analyses 15 ratios of JB Hi-Fi’s financial performance and suggests a recommendation for investors. JB Hi-Fi Limited (JBH) is a specialty discount retailer of branded home entertainment products. The group’s
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by Mr. John Barbuto (JB)‚ operating a single store in East Keilor‚ Victoria. The company had a goal to sell a range of Hi-Fi and recorded music at Australia’s lowest prices. The business was then sold in 1983 and by 1999 another nine stores were opened. In July 2000 JB Hi-Fi was purchased by private equity bankers and senior management with the aim of taking the company nationally. In October 2003‚ JB Hi-Fi was floated on the Australian Stock Exchange. Now‚ JB Hi Fi is one of Australasia’s
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The main sources of revenue of the Harvey Norman Holdings company Pty ltd. (HVN) is sales revenue from the sales of goods‚ where other major revenue are from franchise‚ rent from the third party‚ interest received which is in increasing trend during 2010 to 2011 to 2012.Revenues come from the sale of products and services. The main expenses are marketing expenses‚ Administrative expenses‚ occupancy expenses‚ distribution expenses‚ ordinary activities expenses and interest expenses. All the expenses
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Table of Contents Case Study JB HI FI was founded in 1974 and consisted of one sole store in the suburbs of Melbourne‚ Victoria. Since this time JB HI FI has grown somewhat substantially‚ the company has spread its HI FI retail stores across the country and reportedly generated $2.8 billion in revenue in 2009 (Collins 2010). When observing the past 15 years of JB HI FI’s life‚ two significant organisational changes standout. The first of which is in July 2000 when the company was acquired
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analysis conducted on JB Hi-Fi (JBH). This evaluation will be assessed to present a recommendation to acquire shares to add to an investment portfolio. This report will assess JBH relative to profitability‚ asset efficiency‚ liquidity‚ capital structure and market performance‚ before conducting a forecast and risk analysis. Annual reports from the past three years and analysts published views were used as the basis for the final recommendation. These evaluations will show JB Hi-Fi to be a strong investment
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Companies: JB Hi-Fi Limited: The business was established in 1974 by Mr. John Barbuto (JB)‚ trading from a single store in East Keilor‚ Victoria. He had one simple philosophy: to deliver a specialist range of Hi-Fi and recorded music at Australia ’s lowest prices. The business was sold in 1983 and by 1999 another nine stores were opened. In July 2000 JB Hi-Fi was purchased by private equity bankers and senior management with the aim of taking the successful model nationally. In October 2003‚ JB Hi-Fi was
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Inherent Risk i) expanded into a national manufacturer of high technology sustainable energy products brings with it a range of uncertainties‚ including compliance requirements and logistical problems increased potential for misstatement due to the judgements required requiring more judgement such as research and development (valuation)‚ intangible assets (valuation)‚ inventory (valuation) and property plant and equipment (valuation). ii) assets include “intellectual property rights”
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Inherent risk Computerizing risk Non-routine transactions (Beasley 2010‚ p268) ‘Transactions that are unusual for the client are more likely than routine transactions to be incorrectly recorded‚ because of the client often lacks experience in recording them.’ Why it is risk: Santos use a series of computerizing or IT technology to support their business for increase market competition. IT technology has been used for trade ordering systems between customs and Santos. Customers can order
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THE RELATIONSHIP OF RISK ASSESSMENTS AND INFORMATION TECHNOLOGY TO DETECTED MISSTATEMENTS Lizabeth A. Austen Assistant Professor University of Arkansas Aasmund Eilifsen Associate Professor Institute of Accounting‚ Auditing and Law Norwegian School of Economics and Business Administration William F. Messier‚ Jr. Deloitte & Touche Professor Georgia State University Professor II Institute of Accounting‚ Auditing and Law Norwegian School of Economics and Business Administration Preliminary Draft:
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Inherent Risk * i/3 of audit risk model.. lesast amount of evidence awailable use professional judgement * not static‚ assessed at the planning stage mostly and audit too Major factors that an auditor should consider when assessing inherent risk 1) Nature of clients business – the more susceptible the client the greater the risk ( if the client is in a business with heavy changes in technology 2) Nature of data processing – the more poorly the IT system is made
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