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=

238609/138967=1.72

Gross profit margin =sales-cost of sales/sales=

94692-102145/94692=-0.07(2020)

146516-140980/146516=0.04(2019)