Financial Analysis

Presented By:
A.Wadut Al Mamun(1402)

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Universal Business School

Contents

Introduction
Hypothesis
Ratio Analysis
Conclusion

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Introduction
Started by Naresh Goyal as Air Taxi Operator in April 1992
Started Indian commercial airline operations on 5 May 1993 with a fleet of
four leased Boeing 737-300 aircraft
Scheduled airline status was granted on 4 January 1995
Initial investment of US$10 million
80%of its stake controlled by Naresh Goyal
Jets parent company, Tail Winds Ltd.
Began international operations to Sri Lanka in March 2004.
Jet, is headquarters in Mumbai, India
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Introduction
Operates over 370 daily flights to about 68 destinations both in India and
international (abroad)
Listed in the NSE in the year 2005
Includes major cities like Mumbai, Delhi, Chennai, Jaipur, etc.
Second Leg cities like Aurangabad, Patna, Nagpur, etc.
21 international destinations in 17 countries across Asia, Europe & North
America
International destination includes cities like San-Francisco, New York,
Singapore, London (Heathrow), Hong Kong, Colombo, Abu Dhabi, Dubai,
etc.
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Hypothesis
By observing the current scenario and the recession in
2008-09 we hypothesise the revenue of the company
going down every financial year.

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Market Share

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Balance Sheet and P&L Statement

Microsoft Excel
Worksheet

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Ratio Analysis
Ratio

Formula

Mar '13

Mar
'12

Mar
'11

Current Asset/
0.6161510
1.07104
0.58985
Current Ratio
Current Liability
1
9
Current liabilities have increased dramatically, so the current ratio has
decreased.
(Current Asset0.5395960 0.50170 0.94310
Inventory)/Current
8
7
2
Quick Ratio
Liability
Current liabilities have increased dramatically, so the Quick ratio has
decreased.
Net Sales/Average
Inventory Turnover Ratio
Inventory
22.83
19.46
17.85
Net Sales has increased gradually, so the ratio has increased in the same
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proportion.

Ratio Analysis
Ratio

Formula

Mar '13

Mar
'12

Mar
'11

Net Credit Sales/Av

Payable Turnover Ratio
Accounts Payable
NA
NA
NA

Net Credit Sales/Av

13.751491
14.3903
Receivable Turnover Ratio Accounts Receivable
2 13.6409
5
Sundry Debtors has increased gradually, so the ratio has been decreasing.
Working Capital Turnover Net Sales/Working
4.2725465 4.20356 32.3673
Ratio
Capital
79
4
6
Although Net sales has been increasing but Current liability has been
increasing in bigger proportion. Hence the ratio has been decreasing.
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Conclusion
As per the ratio analysis of Jet Airways for three years, we
come to the conclusion that year 2011 was good as
compared to other two years. Except inventory turnover
ratio, all ratios decreased heavily in 2012 and again
increasing in 2013. This shows that company is again
started doing well after 2012.

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Thank You for

Flying with Jet Airways.

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