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Analysis of Financial

Statements
GROUP MEMBERS
1. JAWAD 2. JEWEL 3. BOSE 4. KISAN 5. NANI 6. SALAH 7. LEVI
INTRODUCTION
• This analysis compares financial status of EasyJet with WizzAir from
2016 to 2018.
• Profitability ratios
• Liquidity ratios
• Efficiency ratios
Horizontal analisys
2018 2017 2016
Revenue
EasyJet 17% 8% -0.35%
WizzAir 23% 10%

Gross profit
EasyJet 23% 9% 3%
WizzAir 25% 12%

EBIT
EasyJet 15% -24% -26%
WizzAir 12% 27%
Vertical analisys
2018 2017 2016
Gross profit/Revenue
EasyJet 40% 40% 40%
WizzAir 37% 36% 35%

EBIT/Revenue
EasyJet 7% 7% 11%
WizzAir 15% 16% 14%
ROE
2018 2017 2016
ROE
EasyJet 40% 40% 40%
WizzAir 37% 36% 35%
Profitability ratios
2018 2017 2016
Return on capital employed
EasyJet
WizzAir

Gross profit as percentage of sales


EasyJet
WizzAir

Net profit as a percentage of sales


EasyJet
WizzAir
2018 2017 2016
Mark-up
EasyJet 11% 10% 16%
WizzAir 23% 25% 21%

Margin
EasyJet 6% 6% 9%
WizzAir 14% 16% 13%
Liquidity ratios
2018 2017 2016
Current assets ratio
EasyJet 0.97 1.04 0.92
WizzAir 1.87 1.84 1.70

Asset test ratio


EasyJet 0.97 1.04 0.92
WizzAir 1.87 1.84 1.70
2018 2017 2016
Operating profit/loan interest
EasyJet
WizzAir

Total external liabilities/shareholder’s funds


EasyJet
WizzAir

Shareholder’s funds/total assets


EasyJet
WizzAir
Efficiency ratios
2018 2017 2016
Stock turnover ratio
EasyJet
WizzAir

Fixed assets turnover ratio


EasyJet
WizzAir

Debtor/sales ratio
EasyJet
WizzAir
2018 2017 2016
Trade debtor collection period (days)
EasyJet 628 467 1005
WizzAir 163 276 186

Creditors/purchases ratio
EasyJet 62% 65% 67%
WizzAir 74% 76% 76%

Trade creditors payment period (days)


EasyJet 35.5 24 73.5
WizzAir 18 26 18