12 6月 爱尔兰论文怎么写：苹果公司的财政分析
这是一个活动比率，有助于度量组织在执行日常任务(如库存管理和应收账款收集)方面的效率。资产利用率有助于度量一个组织收集其销售的平均持续时间。再往前看，它有助于衡量应收账款转换为现金的速度。收款周期越短，公司持有现金的速度越快(Apple Annual Report, 2014)。苹果一直在使用从托收中获得的现金为该组织的运营融资或进行再投资。回收期也称为资产利用率，2014年最高，为35,2011年最低，为18。在此期间，如上表所示，出现了几次波动。目前，由于2008年雷曼兄弟(Lehman Brothers)的次级抵押贷款破产导致的危机，苹果仍在复苏之中，因此，大量的人最终失去了工作和工资。
推迟收款可能是因为苹果一直在向一些国家的运营商提供更多的赊账销售。令人惊讶的是，这是一种快速复苏的策略。苹果开始增加在亚洲国家目标市场的销售(Apple Annual Report, 2013)。通过增加收集周期，苹果通过正在开发的操作系统成功地加强了锁码。为了优化杠杆率，苹果在2004年支付了所有的长期债务，目前没有长期债务(至少在财务报表上)来规避风险。除此之外，它还使它们与信贷市场隔绝。此外，这些现金已足够支付组织业务的内部经费。如果总资产价值增加，杠杆率最终也会增加价值。虽然苹果公司的杠杆率在过去的6年中出现了一些波动，但最高的杠杆率是2015年的2.43，最低的是2012年的1.49 (Apple Annual Report, 2012)。
This is an activity ratio that helps in measuring how efficient an organization is in the performance of daily tasks like management of inventory and collection of receivables. The ratio of asset utilization helps in measuring the duration taken by an organization, on average basis, for the collection of its sales. Further ahead, it helps in measuring the speed at which account receivables are converted as cash. The smaller the period of collection, the faster the company will be holding more cash (Apple Annual Report, 2014). Apple has been using the cash, it receives from collection for financing the operation of the organization or for making reinvestment. The collection period also referred to as asset utilization ratio was highest in the year 2014 that was 35 and lowest in the year 2011 that was 18. Over this period, several fluctuations have been involved as depicted in the above table. Currently, Apple has been still recovering due to the crisis that took place in the year 2008 as a result of the subprime mortgage bankruptcy of Lehman Brothers, and hence, a large population ended up losing their job and salaries.
The delay of collection might be because Apple has been offering more sales on credit basis with carriers across some nations. Surprisingly, it is a strategy of fast recovery. Apple has started to increase its sale in target market of Asian nations (Apple Annual Report, 2013). By increasing the period of collection, Apple has been successful in strengthening the lock code by the system of operations being developed.For optimizing its leverage ratio, Apple made payment of all of its long- term debts in the year 2004, and currently, there are no long term debts (at least on financial statements) for the avoidance of exposures. In addition to this, it results in insulating them from the markets of credit. In addition to this, the cash has been sufficient for internal financing of the organizational operations. If there is an increase in value of total assets, the leverage ratio ends up increasing the value also. Even though there has been some fluctuations in the leverage ratio of Apple since the past 6 years, the highest leverage ratio was 2.43 in the year 2015, while it was lowest at 1.49 in the year 2012 (Apple Annual Report, 2012).