Академический Документы
Профессиональный Документы
Культура Документы
51.81 52.37
51.42
50.00
40.00
30.00
23.77
22.20 22.39
20.00
10.00
3.43 3.74
2.75
0.00
Cash and cash equivalents Accounts Total current assets
46.40
44.93
45.00
41.53
40.00
35.00
30.00
25.00
22.56
15.00
10.00
5.00
0.00
Notes and Accounts payable Total current liabilities
25.24
14.86
1 2
NON-CURRENT ASSETS
98.62
46.1
1 2
Deferred income taxes, non-current
28.27
22.14
1 2
LIABILITIES AND EQUITY
39.74
30.35
1 2
LONG TERM DEBTS
Current Portion of long term debt
78.32
2.03
1 2
Deffered
313.59
56.90
1 2
Cash Flow Statement Analysis
Cash Flow from Operating Activities
Drastic drop of net income from 2013 to 2014
($1,018,362,000 to $675,903,000)
Highest cash generated from operating activities
approximately $4B in 2012 (highest) and it fell in
2013 & then rose again in 2014 to $2.7B.
Cash Flow from Investing Activities
Cash was used in investing activities during all 3
years 2012, 2013, 2014.
It shows that Toshiba was investing in long-term
assets.
Cash Flow from Financing
Activities
Net cash used in financing activities
was around $2.9M in 2012,
generated $443M in 2013 & used
$867M in 2014.
Paying dividends regularly.
Fraud Ratio
Beneish M Score
DSRI
GMI
AQI
SGI
DEPI
SGAI
LVGI
TATA
DSRI
DSRI
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
-0.5
-1
-1.5 DSRI
-2
-2.5
-3
-3.5
Gross Margin Index
Gross Margin Index
0
0 1 2 3 4 5 6 7 8
-0.5
-1
-2
-2.5
-3
-3.5
Asset Quality Index
Asset Quality Index
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
-0.5
-1
-2
-2.5
-3
-3.5
Depreciation Index
Depreciation index
0
0 1 2 3 4 5 6 7 8
-0.5
-1
-2
-2.5
-3
-3.5
Leverage index
Levarage Index
1.2
0.8
Levarage Index
0.6
0.4
0.2
0
0 1 2 3 4 5 6 7 8
M Score
M= -4.84 + 0.92*DSRI + 0.528*GMI
+ 0.404*AQI + 0.892*SGI +
0.115*DEPI 0.172*SGAI +
4.679*TATA 0.327*LVGI
M score
0
0 1 2 3 4 5 6 7 8
-0.5
-1
M score
-1.5
-2
-2.5
-3
-3.5
fraud ratios 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
total accruals to total assets -0.019 0.023 -0.016 -0.111 -0.033 -0.014 -0.006
Asset Quality Index 1.03 1.06 1.57 0.99 1.05 1.02 0.98
Gross Margin Index 1.01 1.28 0.84 0.98 0.98 0.99 0.97
Sales Growth Index 1.08 0.88 0.94 1.02 0.96 0.96 1.13
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