financial accounting
Financial Statement Ratios (3-4 pages single space)
At least NOPAT, RNOA, ATO, etc.
According to the 2020 annual report of Chevron company, several ratios can be calculated.
https://www.chevron.com/-/media/chevron/annual-report/2020/documents/2020-Annual-Report.pdf Chevron 2020 annual report.
NOPAT(net operating profit after tax)=NOPBT(net operating profit before tax)-tax on operating profit=
23660-(8648)=32308(2020)
38367-9025=29342(2019)
RNOA(return on net operating assets)=NOPAT(net operating profit after tax)/NOA(average net operating assets)=
32308/358196=0.09
29342/348393=0.08
NOAT(net operating asset turnover)=sales / average net operating assets=
94471/358196=0.26
139865/348393=0.40
Asset turnover=total revenue/average asset=
94692/238609=0.40(2020)
146516/238609=0.61(2019)
Quick ratios= cash and cash equivalents + short-term investment+ accounts receivable/current liabilities=
5596+11471/22183=0.77(2020)
5686+13325/26530=0.72(2019)
Times-interest-earned ratios= income before interest expense+ income taxes/interest expense=
(7453)+(1892)/697=-13.4(2020)
5536+2691/798=10.3(2019)
Return on asset ratios= net income/ average total asset=
(5543)/238609=-0.02（2020）
2924/238609=0.01（2019）
profit margin ratios= net income/total revenue=
(5543)/94692=-0.05(2020)
2924/146516=0.02(2019)
Asset turnover=total revenue/average asset=
94692/238609=0.40(2020)
146516/238609=0.61(2019)
Leverage ratio=average total asset/average shareholder’s equity=
Gross profit margin =sales-cost of sales/sales=
94692-102145/94692=-0.07(2020)
146516-140980/146516=0.04(2019)