Introduction
To operate a successful business will be challenging in terms of maintaining fame and brand image in the market. There will be influence of various rivalries and problems which create obstacles in smooth running of operations. In the present assessment, financial analysis over TopGlove with its competitors Hartalega and Supermax will be compared on the basis of their annual performance. It consists of various ratios and methods of analysing the financial statements. Moreover, information derived from such analysis will be helpful in meeting the operational needs to manage financial health of entity. Additionally, there will be suggestions to managerial professionals of organisation relevant with making investment of 100,000,000 MYR. This corporation is the world's largest rubber glove manufacturing organisation which has acquired 38 manufacturing units in Malaysia. Therefore, there will be comparison of the financial health of all these organisations to ascertain appropriate changes for operational activities.
Main Body
1. Share price performance (CHART) compared with rest of the market
To determine financial value of TopGlove in the market, there has been comparison with Hartalega and Supermax as per their Equity share price value.
|
Years |
TopGlove |
Hartalega |
Supermax |
|
2016 |
5.16 |
4.69 |
2.05 |
|
2017 |
7.91 |
10.68 |
2 |
|
2018 |
9.90 |
5.83 |
2.97 |
Commentary: In relation with analysing the market value of these organisations, TopGlove is having comparatively appropriate share value as compared with Hartalega. On the other side, in relation with Supermax, the share value is comparatively poor. In 2016, the share values of firms are 0.29 for TopGlove, 0.08 for Hartalega and 0.29 was of Supermax. It indicates that TopGlove is needed to have a large number of investors which will be helpful to the firm for rising its efficiency as well as market value (TOP GLOVE CORP BHD, 2018). In 2017, the share values of TopGlove was 0.26, Hartalega was 0.09 and Supermax for 0.42. Same as, 2018 TopGlove at 0.3, Hartalega as 0.12 and Supermax as 0.54. (Supermax annual report, 2018).
2. Leverage ratio and evaluation of sources of corporate financing used by company
In relation with analysing the leverage ratios of organisation, there are various operations which will be helpful to make proper development of policies and strategies that will be fruitful in better corporate governance (D'Mello, Gruskin and Kulchania, 2018). Moreover, there will be consideration of debt ratio and debt to equity ratio which include components like debts, equity and total assets. There will be comparison of TopGlove with Hartalega and Supermax for the period of 2016 and 2017.
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