Genuine Parts Company (GPC) is a service organization which distributes vehicle replacement parts, industrial replacement parts, office products and electrical materials. It was founded in 1928, and has about 2000 locations across the U.S, Mexico and Canada (Investor Overview). The Automotive Parts Group, distributes over 380,000 parts through NAPA. For the Industrial Replacement Parts, Motion Industries distributes over 300 million items through their rapid-delivery model. S.P.Richards is in charge of distributing 50,000 business products, like office supplies. The Electrical/Electronic Materials Group is one of North America’s leading distributors of process materials, production supplies, and value added fabricated parts(Genpt). GPC’s main headquarters is located in Atlanta, Georgia (Genpt). In 2013, 53% of GPC’s earnings come from NAPA, 31% from its Industrial replacement parts, 12% from office products and 4% from Electrical parts (Genuine Parts Co. 2013 Annual Report). ENVIRONMENT: The economic factors that affect the Company are instability in credit markets, declining consumer and business confidence, fluctuating commodity prices, and volatile exchange rates (Genuine Parts Co. 2013 Annual Report). GPC’s shares appeared to be reasonably priced. It has a covered dividend with a history of increase and is rising to this day and GPC currently pays an annual dividend of $2.15 per share, which it has increased every year for the past 57 years (Saletta). Also, changes in general economic conditions, for example, unemployment, inflation or deflation, high energy costs, competitive product, service and pricing pressures can affect the company (Genuine Parts Co. 2013 Annual Report). Although Genuine Parts does have some factors t... ... middle of paper ... ...ices. That way people won’t have to go out looking for mechanics and save time. WORKS CITED Saletta, Chuck. "What Makes Genuine Parts Company's Stock Worth Owning? - DailyFinance." DailyFinance.com. 2 Feb. 14. Web. 20 Apr. 2014. http://www.dailyfinance.com/2014/02/02/what-makes-genuine-parts-companys-stock-worth-owni/ Genuine Parts Co. 2013 Annual Report. Web. 22 Apr. 2014 https://www.proxydocs.com/edocs/request?b=GPC&paction=doc&action=showdoc&docid=737527&se=737527 Genpt.com. NAPA, Motion Industries, S.P. Richards Co, and EIS. Web. 18 Apr. 2014 http://www.genpt.com/portal/page/portal/GENPT.COM/about About NAPA. Napaonline. National Automotive Parts Association, n.d. Web. 21 Apr. 2014 http://www.napaonline.com/about.aspx Investor Overview – Genuine Parts Company. Investor Overview. Web. 22 Apr. 2014. http://phx.corporate-ir.net/phoenix.zhtml?c=98901&p=irol-irhome
Grand Metropolitan PLC is the world’s largest wine and spirits seller. It mainly operated in London, USA. In 1991, it beats market expectation with a 4.8% increase in pretax profits, and the company Chairman stated that company’s goal “to constantly improve on”. Despite the great performance in the world recession in 1991, the price of GrandMet shares was 10% below the average price/earnings ratio of the companies in the Standard & Poor’s 500 index. And more important, rumors had that GrandMet, valued at more than $14 billion in the stock market, maybe a takeover target. The management dilemma is to understand why the company’s stock is traded below of what considered being the right price and whether the company is truly being undervalued by the market or there are consistent issues with negative NPV projects and lines of businesses.
Where are your parents from? What about your grandparents? If you keep asking yourself this question, there will surely be some relative(s) who came here from another country. Spare Parts by Joshua Davis is a story about 4 immigrants that face many struggles in life for being immigrant, but are eager to succeed and will not back down from any kind of challenge.
Shareholders are more concerned with the company’s financial stability, productivity and cash flow projections versus other internal financial facets of Henley Manufacturing. Hence, it would be within reason to make recommendations based upon the information presented. Goals to be recommend incudes annual sales growth which is expected to increase by 15% in the next year, and the earning potential which is expected to grow by 20%. Additionally, shareholders would also be interested in the return on net tangible assets which is anticipated to increase by 16% and the return on common equity which is projected to increase by 20%. Furthermore, importantly, shareholders are also very interested in the company minimum profit margin which is expected to be 5% (Revsine, Collins, Johnson, Mittelstaedt, & Soffer, 2015). The profit margin informs shareholders how much proceeds earned from sales exceeds costs incurred in the
DuPont is a very big company with a low debt policy designed to maximize financial flexibility and insulate operations from financial constraints. It is one of the few AAA rated manufacturing companies due its investments are primarily financed from internal sources. However, because prices fell in the 1960’s thus DuPont’s net income fell also. The adverse economic conditions in 1970’s escalated inflation: increase in oil prices increased required inventory investments of the company. 1975 recession negatively affected DuPont’s net income by 33% and returns on capital and earnings per share fell. The company cut dividends in 1974 and working capital investment removed. Proportion of debt increased from 7% in 1972 to 27% in 1975 and interest coverage falls from 38 to 4.6. The company perceived increase in debt temporary but moved quickly to reduce its debt ratio by decreasing capital expenditures. Debt proportion dropped to 20%, interest coverage increased to 11.5 by 1979.
Spare parts should be assessed carefully in respect to their nature, their functions and their future use. Failure to do this, it would lead to a company experiencing significant losses. For example, a company that is responsible for maintenance of a solar power unit needs to assess the nature and use of the spare parts for profit maximization. There has been a discussion as to whether spare parts should be classified as property assets or inventories and this has led to many critical mistakes being made by many companies. Another issue is whether regarding how they should depreciate (Teixeira, Lopes & Figueiredo, 2017). This point of depreciation is determined by the decision made in classifying the spare parts.
The Minnesota Mining & Manufacturing Corporation (3M) was founded in 1902. It reported sales revenues of $16.7 billion during the year 2000. These revenues came from 3M's six business divisions: industrial; transportation, graphics, and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in 2000. The same year, the company made more than 60,000 products and about $5.6 billion sales came from products that had been introduced during the prior four years and another $1.5 billion came from products introduced during 2000. Annually, more than 75,000 employees worked to create more than 500 new products. The company was recognized for its vertical organizational structure, with businesses established by technologies and markets. It was one of the most admired corporations in America and was awarded the National Medal for Technology, the U.S. government's top award for innovation, in 1995.
In society, the wealth of an individual is determined by the house they live in. In Ragged Company, the character Timber combats this idea by providing an alternate view on the idea of home. The dictionary definition of home according to the Merriam-Webster dictionary is “one’s place of residence” (Home), however, Timber attaches to the connotative definition. This definition conveys that a home is a place or person where one feels safe and comfortable. Coordinated with this definition, the author of Ragged Company goes into detail of the lives of several homeless people and higher middle class man. These characters interact and evolve with each other in ways that support Timber’s claim. Granite and Digger come from different backgrounds but
The economic forces affecting the company include inflation and fluctuations in interest and currency exchange rates. Additional challenges include technological advances and Johnson & Johnson’s competition and patents attained by com...
Firstly, based on the profitability, P&G has earned higher profit from each dollar of revenue which is 13.4% compared to C-P 12.9% for the recent year 2013. In addition, P&G also has higher EPS of US$4.04 compare to C-P US$2.41. In contrast, C-P register a Gross Profit of 58.7% and Return on Equity of 91.0% as opposed to P&G’s 49.6% and 17.0% respectively. C-P seems to rely heavily on debt and this has helped to improve the Return of Equity. P&G also has its downside in asset turnover ratio (0.62) and fixed turnover
This essay will analyse Tata Motor Company and its motive for internationalization and include the background information on the company then it will go on to consider the definition of theories as well as applying them to the Company. The paper will focus on theories which are Dunning Eclectic paradigm; Learning Theories and Porter Diamond .Tata Motors Company is one of the largest automobile companies in India with a 42 billion organization. Further the product range of automobiles, information and technology is varied and covers almost all the segment of the car market as per the Tata Motors (2014).The research shows (Business Leadership Management (BLM), 2013) the motive for internationalization is due to its acquisition and its ease the
engines, axels and the like - sits not in Detroit, Tokyo or Stuttgart, but in the
The companies I have selected for this assignment is Malaysia Steel Works (KL) Bhd (5098) and Kossan Rubber Industries Bhd. (7153), both of the company is from industrial products sector and its share is traded in main market.
Business Analysis of Gulf States Metals Inc. Gulf States Metals Inc. (GSM) is a large nickel refinery plant that has suffered poor financial performance and is under the threat of being shut down by its parent company International Metals Inc. This paper aims to, firstly, analyse the issues that are contributing to the low performance, secondly, to provide some options for moving forward and thirdly, to present a set of substantiated recommendations. The analysis will be tackled through a multi-frame approach, incorporating a structural frame, human resource frame, political frame and symbolic frame as proposed by Bolman and Deal (1997). Structural Frame Analysis =
Johnson and Johnson has been trading above both its 50 and 200 day averages and is promising. Its current market position is very attractive as it may become a market leader when the DOW turns around. Johnson and Johnson’s undervalued price, market position, and earnings make it a good pick in a sea of ambiguity.
The purpose of this paper is to briefly analyze why burrs and rough spots suddenly started to appear on quarter panel parts at an automotive company. Three out of four production lines at an automotive plant facility experienced defects of manufactured panel parts. Also, an analysis of how the panel problem is related to organizational sub-culture, organizational politics and job stress. Although there are several implications of various issues related to organizational culture, organizational politics and job stress is important because it determines how human capital within an organization will demonstrate the capacity to cope with working for the organization, thus determining the success of the organization. “To illustrate, studies have shown that job stress results from the interaction of the worker and the conditions of the workplace, i.e., the culture (Vigoda, 2002).” “Likewise, there are studies conducted that found organizational politics to have an adverse effect on psychological issues such as job stress (Ferris, Russ, & Fandt,1989).” Therefore, an organizations most valued asset is its employees.