Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
A comparison between six flags and Universal Studios
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: A comparison between six flags and Universal Studios
Six Flags Entertainment Corporation prides itself on entertaining millions of families each year as the worlds largest regional theme park company with 18 theme parks spread across North America (Six Flags, 2013). Six Flags primary source of revenue comes from providing world-class entertainment to families and individuals who pay for admission into its parks to ride its coasters, themed rides, and water park attractions. Six Flags has had its ups and downs during its 50-year history but over the past three years it has remained a strong company with total assets increasing year over year. The following analysis will show the financial health and well being of Six Flags Entertainment Corporation. Analysis of Financial Ratios Six Flags has a solid gross profit margin of 92.51% in 2012 and this ratio has increased slightly over the past three years from 91.89% in 2010. This is a good indicator that Six Flags should have a healthy bottom line and it should have plenty of money left over to spend on other business operations and expenses. When it comes to operating profit margin, Six Flags has increased from 9.99% in 2010 to 19.12% in 2012. This ten percent increase in operating profit margin could be a good indication that sales are currently outpacing cost. This is great for Six Flags because it means that sales are increasing while at the same it is able to keep its costs in check. With gross profit margin and operating profit margin both on solid footings it appears that Six Flags net profit margin is like a roller coaster ride. In 2010, Six Flags had a net profit margin of 61.37% and in 2011 its net profit margin plummeted into the red at negative 2.24%. This drop of 65% is substantial and does not seem to follow ... ... middle of paper ... ...m Management Accounting, August 1990. Copyright by National Association of Accountants, Montvale, NJ. Six Flags. (2013). Investor relations. Retrieved from. http://investors.sixflags.com/ phoenix.zhtml?c=61629&p=irol-irhome Six Flags Entertainment Corporation. (2013). Income statement. Retrieved from. http://finance.yahoo.com/q/is?s=SIX+Income+Statement&annual Six Flags Entertainment Corporation. (2013). Balance sheet. Retrieved from. http://finance.yahoo.com/q/bs?s=SIX+Balance+Sheet&annual Six Flags Entertainment Corporation. (2013). Cash flow. Retrieved from. http://finance.yahoo.com/q/cf?s=SIX+Cash+Flow&annual United States Securities and Exchange Commission. (2013). Six flags entertainment corporation Form 10-K. Retrieved from. http://www.sec.gov/Archives/edgar/data/701374/000104749 13001833/a2213098z10-k.htm#dm40001_item_7._management_s_discussio__ite03668
...ense has decreased 82.8% from 2000 to 2004. All the above are contributing factors in Applebee’s achieving higher earnings, a 75% increase in net earnings from 2000 to 2004. Average shares has fall due to consistent share repurchasing programs by Applebee’s. Overall, the common-size analysis of the income statement are relatively consistent over the five years of study. Cost of goods has stayed consistent between 74%-75%, the Depreciation and amortization is between 9%-11%, income from Continue operations and Net Income are also both between 9%-10% in common-size analysis for income Statement. No unusual flutuations has been discovered.
The financial statements for Exxon in 2014 are a slightly declined than it made in 2013. Exxon experienced decrease in operating income from 2013 to 2014 of $74 billion to $61 billion. Operating income indicates how much a company earned from business activities, the company has less profitable. Their operating margin Exxon made in 2014 is also decreased. It is 4% less than they made in 2013. Exxon must figure out their operating performance, include Cost of Goods Sold or fixed costs and increase revenue performance. The sales revenues that companies made in 2014 are $365
The 3 percent decline in sales causing a 21 percent decline in profits can be attributed to the identification of the accounting concept of operating leverage. Operating leverage is what business managers apply to boost small changes in revenue into sizable changes in profitability. Fixed cost is the force managers use to attain disproportionate changes between revenue and profitability. Therefore, when all costs are fixed every sales dollar contributes one dollar toward the potential profitability of a project. Once sales dollars cover fixed costs, each additional sales dollar represents pure profit. A small change in sales volume can significantly affect profitability (Edmonds, Tsay, & Olds, 2011). So, therefore, if sales volume increases,
Fun Games Company was founded by Avery Rinehart to produce a novelty item marketed under the name Puzzler. Each Puzzler cost the company $14 to produce. In addition to these production costs that varied in direct proportion to volume (so-called variable costs), the company also incurred $4,000 monthly ¡°being in business costs (so-called fixed costs) irrespective of the month's volume. The company sold its product for $22 each.
In 2012, the new CEO of Cedar Fair Entertainment announced a new Long Term Growth Strategic plan for the company. The plan is known as the FUNforward and financial goals for the Company. The CEO is headed in this direction because of the significant barriers to entry and a loyal high-repeated customer base as well as the significant momentum that they have created for the Company over the past two record-setting years (Rotting Flesh Radio RSS, 2012). For example, Kings Dominion is one of the largest theme parks on the East Coast and the loyalty of the younger generation is outstanding. The park is located in an area that is very convenient off of interstate 95. Most parents use the theme park as a baby sitter. They drop their kids off in the morning and pick them up in the afternoon after work. The park is so big and it caters to the younger generation and it adds a new ride every couple of years to make the park even more attractive to its customers.
Profitability ratios express ability of the company to produce profit. This shows how well a company is performing in a given period of time. To compare the profitability for the companies, the investors use profitability ratios that are return on equity, profit margin, asset turnover, gross profit, earning per share. Return on asset indicates overall profitability of assets. It is the relationship between net income and average total assets. GM has 0.034 and Ford has 0.036. This indicates Ford is more profitable. Profit margin is how much of every dollar of sales the company keeps. Computing profit margin, net income divided by net sales. This indicates higher profit margin is more profitable and it has better control. Thus, GM’s profit margin is 3.4 percentages and Ford’s is 4.9 percentages. This indicates Ford has better control profitably compared to GM. Next ratio is gross profit rate. It is how much of every dollar is left over after paying costs of goods sold. Assets turnover represents how efficiency a company uses its assets to sales. This ratio is relationship between net sales and average total assets. GM’s is 0.98 and Ford’s is 0.75. This result represents GM is using its assets more efficiently. Gross profit margin is dividing gross profit, which is equal to net sales less cost of gods sold, by net sales. This ratio indicates ability to maintain selling price above its cost of goods sold. GM’s gross profit rate is 11.6 percentages. Ford’s is 5.7 percentages. GM is higher ratio, and it indicates strong net income. Also, it indicates the company has to spend lower operating expenses and the company is able to spend left money for covering fixed costs. Earnings per share indicate the company’s net earnings to each share common stock. This ratio shows margin between selling price and cost of goods sold. From these companies’ income statement, GM is $2.71 and Ford is $1.82. Because GM’s value is higher relative to Ford’s,
Ben & Jerrys was experiencing a steady growth within their sales figures from 1990 to 1993. However, In March 1994, Cost of Sales increased approximately $9.6 million or 9.5% over the same period in 1993, and the overall gross profit as a percentage of net sales decreased from 28.6% in 1993 to 26.2% in 1994. This loss might have been a result of several reasons, such as high administration and selling costs, a negative impact of inventory management, and start up costs associated with certain flavours of the new Smooth, No Chunks ice cream line.
Walt Disney is a worldwide entertainment company. Walt Disney Co is currently number one in the entertainment industry beating out competitors like News Corp, Time Warner, and CBS with revenues of $42,278 billion a year and a net income of $5.682 billion. The company is ranked number 66 on the Fortune 500 list and is ranked #17 on the World’s Most Valuable Brands List. Walt Disney’s headquarters are in Burbank, California and has been publicly traded as NYSE:DIS since 1991.
Disney’s long-run success is mainly due to creating value through diversification. Their corporate strategies (primarily under CEO Eisner) include three dimensions: horizontal and geographic expansion as well as vertical integration. Disney is a prime example of how to achieve long-run success through the choices of business, the choice of how many activities to undertake, the choice of how many businesses to be in, the choice of how to manage a portfolio of businesses and the choice of how to create synergies between those businesses (3, p.191-221). All these choices and decisions are made through Disney’s corporate strategies and enabled them to reach long-term success. One will discuss Disney’s long-run success through a general approach. Eisner’s turnaround of the company and his specific implications/strategies will be examined in detail in part II. Disney could reach long-run success mainly through the creation of value due to diversification and the management and fostering of creativity, brand image and synergies between businesses (1, p.11-14).
The net income (operating income-non operating income-taxes) shows that Raytheon is very profitable over the time period even with fluctuation between fiscal years. The bottom line for the company is very positive ever year even with fluctuations across the income statement. Raytheon shows the bottom line for the company on the income statement as Net income attributable to Raytheon Company (Net income- Less: Net income (loss) attributable to no controlling interests in subsidiaries) and was higher than net income for 2015 and 2016. The bottom line for 2016 amounted to $2,211 million for the fiscal
recent experience with Disneyland in Paris not to have a too aggressive capital structure in place, they
According to the 2015 year, gross profit margin decreases when compare with the 2014 year, which decreases 16.60% due to total revenue decrease from RM64,370,096 in 2014 year to RM63,327,676 in year 2015, which is decrease as much as RM1,042,420 and the total cost of sales also increase. Total cost of sales increase because the cost of goods sold increase which due to the printing factory have increase the price of printing service, so the company of sales will decrease cause the price of goods become expenses. Thus the price of goods increase effect to the demand of goods decrease and quantity of goods sold also decrease, so the revenue decrease and gross profit of company
The profit margin is probably the most popular, this ratio is the net income divided by the net sales. This helps identify the amount of net income generated by each dollar of sales. For the year 2005, the profit margin for Pepsi was 12 1/2 percent. In 2004, the profit margin was 14.4 percent and in 2003 it was 13.3 percent. The profit margin for Coca Cola using the same ratio was at about 17 percent for 2005, down from the previous two years of about 18 percent.
The corporations that I looked up where Universal Studios, Walt Disney, and Six Flags. First I looked at the Six Flags website. Some of the news that I saw first was that some of the locations had messages that said “see you next summer”. This was in locations that it would become very cold at such as Six Flags Great America near Chicago. There were still options for passes and tickets however. There were also new articles about different rides and ways to make getting into the park easier. This is to keep the consumer connected even when it is the offseason for some parks. There was also a section for new stuff happening in 2015 for Six Flags throughout their locations. The main thing was that there was a video announcement from the CEO
Conversely, ConAgra is currently experiencing sales and revenue declines in 2015 and 2016. Year to date sales and revenue in 2016 are down -2.5% to $11.6 billion. The company experienced significant declines of -24.7% in 2015. ConAgra has increased strong cash flow and short-term investments year over year for the past two years increased 406.9% t0 $834.5M from a -23.16% in2014 a $42.6M loss from the previous