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ACADEMY OF FINANCE FACULTY OF CORPORATE FINANCE BACHELOR THESIS "IMPROVING THE ANALYSIS OF CAPITAL USE OF VISICONS INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY " Major Financial Analysis Code 09 Su[.]
ACADEMY OF FINANCE FACULTY OF CORPORATE FINANCE BACHELOR THESIS "IMPROVING THE ANALYSIS OF CAPITAL USE OF VISICONS INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY " Major : Financial Analysis Code : 09 Supervisor: Assoc Prof PhD Nguyen Trong Co PhD Dao Hong Nhung Student : Nguyen Phuong Linh Class : CQ56/09.01CLC Hanoi – 03/2022 Bachelor Thesis Academy of Finance ACADEMY OF FINANCE FACULTY OF CORPORATE FINANCE BACHELOR THESIS "IMPROVING THE ANALYSIS OF CAPITAL USE OF VISICONS INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY " Major : Financial Analysis Code : 09 Supervisor: Assoc Prof PhD Nguyen Trong Co PhD Dao Hong Nhung Student : Nguyen Phuong Linh Class : CQ56/09.01CLC Hanoi – 03/2022 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance DECLARATION I declare that I worked on this Bachelor Thesis on my own under the guidance of my supervisor, Assoc Prof PhD Nguyen Trong Co and Ph.D Dao Hong Nhung, using the materials listed under sources Hanoi, on Feb 20, 2022 Signature Nguyen Phuong Linh Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance TABLE OF CONTENTS DECLARATION iii TABLE OF CONTENTS .iv ABBREVIATIONS viii LIST OF TABLES .ix LIST OF DIAGRAMS x FOREWORD CHAPTER THEORETICAL BASIS FOR THE CAPITAL USE ANALYSIS OF A COMPANY 1.1 General theory on the capital use analysis of a company 1.1.1 Concept and objectives of the capital use analysis of a company 1.1.1.1 Concept .8 1.1.1.2 Objectives 1.1.2 Database for the capital use analysis of a company 11 1.1.2.1 Corporate financial reporting system 11 1.1.2.2 Other documents 14 1.1.3 Methods for the capital use analysis of a company 14 1.1.3.1 Comparative method 14 1.1.3.2 Division method (detailed method) 15 1.1.3.3 Correlation and Ranking method .15 1.1.3.4 Factor analysis methods 16 1.1.3.5 Dupont analysis method 17 1.1.3.6 Forecasting method 17 1.1.3.7 Other analytical methods 18 1.2 Content of capital use analysis in a company 18 1.2.1 Analysis of a company's assets situation 18 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance 1.2.2 Analysis of the effectiveness of capital use of a company .20 1.2.2.1 Analysis of total assets turnovers .20 1.2.2.2 Analysis of current asset/ working capital turnover 21 1.2.2.3 Analysis of inventory turnover: 23 1.2.2.4 Analysis of receivables turnover: .24 1.2.3 Analysis of the profitability of a company .25 1.2.3.1 Analysis of economic profitability 25 1.2.3.2 Analysis of financial profitability .27 1.3 Factors affecting the capital use analysis of a company 28 1.3.1 Subjective factors 29 1.3.2 Objective factors .30 CONCLUSION CHAPTER 33 CHAPTER CURRENT SITUATION OF THE CAPITAL USE ANALYSIS OF VISICONS CONSTRUCTION AND INVESTMENT JOINT STOCK COMPANY 34 2.1 Overview of Visicons Investment and Construction Joint Stock Company 34 2.1.1 Company formation and development 34 2.1.2 The organizational structure of the company 36 2.1.3 Features of the company's business lines 40 2.2 Current situation of the capital use analysis of Visicons Construction and Investment Joint Stock Company 44 2.2.1 Current situation of databases for the capital use analysis of Visicons JSC., 44 2.2.2 Current situation of methods for the capital use analysis of Visicons JSC., 44 2.2.3 Current situation of content of the capital use analysis of Visicons JSC., 44 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance 2.2.3.1 The current situation of assets situation analysis of Visicons JSC., .44 2.2.3.2 The current situation of capital effectiveness analysis of Visicons JSC., 45 2.2.3.3 The current situation of profitability analysis of Visicons JSC., 46 2.3 Assessing the current situation of capital use analysis of Visicons JSC., 47 2.3.1 Achievements 47 2.3.2 Limitation and causes .48 2.3.2.1 Limitation: 48 2.3.2.2 Reasons: 49 CONCLUSION CHAPTER 51 CHAPTER SOLUTION TO IMPROVE THE CAPITAL USE ANALYSIS OF VISICONS INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY 52 3.1 Development orientation of Visicons Investment and Construction Joint Stock Company 52 3.1.1 Medium and long-term development strategy 52 3.1.2 The company's environmental, social and community goals 53 3.2 Requirements and principles for improving the capital use analysis of Visicons JSC., 53 3.2.1 Requirements for improving the capital use analysis of Visicons JSC., 53 3.2.2 Principles for improving the capital use analysis of Visicons JSC., 55 3.3 Solutions to improve the capital use analysis of Visicons JSC., .56 3.3.1 Improving the database for the capital use analysis of Visicons JSC., 56 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance 3.3.2 Improving the methods for the capital use analysis of Visicons JSC., 57 3.3.3 Improving the content of capital use analysis of Visicons JSC., 63 3.3.3.1 Improving the content of asset situation analysis 63 3.3.3.2 Improving the content of capital effectiveness analysis 70 3.4 Conditions for implementing the solution 94 CONCLUSION CHAPTER 97 CONCLUSION 98 REFERENCES 100 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance ABBREVIATIONS AI Average Inventory ACA Average Current Assets ACR Average Current Receivables ATA Average Total Assets ARTO Accounts Receivable Turnover BEP Basic Earning Power CR Cost Ratio CAD Current Assets Days CAT Current Assets Turnover CATA Short-Term Investment Ratio COGS Cost Of Goods Sold DSOD Days Of Sale Outstanding EBIT Earning Before Interest And Tax NR Net Revenue ROA Return On Assets ROE Return On Equity ROS Profitability Ratio ITO Inventory Turnover ITD Inventory Turnover Days TAT Total Asset Turnover TNR Total Net Revenue SFR Self-Financing Ratio Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance LIST OF TABLES Table 2.1 Revenue structure of the company's operating segments in 41 years 2018, 2019, 2020 41 Table 2.2 The current situation of assets situation analysis of Visicons JSC., 45 Table 2.3 The current situation of profitability analysis of Visicons JSC., .46 Table 3.1 Analysis of the structure and fluctuations of assets of Visicons Construction and Investment Joint Stock Company in the period of 2019 2020 .65 Table 3.2 Analysis the total asset turnover of Visicons JSC., in the period 2019 – 2020 71 Table 3.3 Analysis of the current asset turnover of Visicons JSC., in the period 2019 - 2020 75 Table 3.4 Analysis of the inventory turnover of Visicons Construction and Investment Joint Stock Company in the period of 2019 - 2020 79 Table 3.5 Analysis of the receivable turnover of Visicons Construction and Investment Joint Stock Company in the period of 2019 - 2020 82 Table 3.6 Analysis of economic profitability of Visicons Construction and Investment Joint Stock Company in the period of 2019 - 2020 86 Table 3.7 Analyze the financial profitability of Visicons Construction and Investment Joint Stock Company in the period of 2019 - 2020 90 Nguyen Phuong Linh CQ56/09.01CLC Bachelor Thesis Academy of Finance LIST OF DIAGRAMS Diagram 2.1 The organizational structure of Visicons Construction and Investment Joint Stock Company 37 Nguyen Phuong Linh CQ56/09.01CLC ... methods Therefore, the author of the thesis has chosen the topic "Improving the analysis of capital use of Visicons Investment and Construction Joint Stock Company" as the thesis topic Thereby... CHAPTER THEORETICAL BASIS FOR THE CAPITAL USE ANALYSIS OF A COMPANY 1.1 General theory on the capital use analysis of a company 1.1.1 Concept and objectives of the capital use analysis of. .. 3.3.2 Improving the methods for the capital use analysis of Visicons JSC., 57 3.3.3 Improving the content of capital use analysis of Visicons JSC., 63 3.3.3.1 Improving the content of