Analysis of business capital efficiency at ha do 1 joint stock company

Therefore, I hope to receive valuable suggestions andevaluations from teachers and friends!Thank you sincerelyHanoi, February 13, 2023Student Trang 4 TABLE OF CONTENTS DECLARATION...iAC

MINISTRY OF FINANCE ACADEMY OF FINANCE - - NGUYEN PHAM NGOC NAM CQ57/09.01CLC GRADUATION THESIS Topic: ANALYSIS OF BUSINESS CAPITAL EFFICIENCY AT HA DO JOINT STOCK COMPANY Major : Financial Analysis (Advanced Education Program) Code Instructors : 09 : Ph.D Pham Thi Quyen Ph.D Dao Hong Nhung HANOI – 2023 Academy of Finance Graduation Thesis DECLARATION I declare that this thesis was written entirely by myself with the assistance of the instructor and is not based on the research of other writers The information gathered, cited, and studied in this article is accurate and has a clear source Student Nguyen Pham Ngoc Nam ST: Nguyen Pham Ngoc Nam i Class: CQ57/09.01CLC Academy of Finance Graduation Thesis ACKNOWLEDGMENTS During the process of researching and completing the thesis, I have received dedicated guidance and valuable help from the lecturers of the Academy of Finance as well as the staff of the Ha Do Joint Stock Company First of all, I would like to express my deep gratitude to the teachers, lecturers of the Academy of Finance, the teachers of the Financial Analysis department who have wholeheartedly helped and imparted specialized knowledge to me for four years study last At the same time, I would also like to thank the members of Ha Do Joint Stock Company for creating favorable conditions during my internship at the company I wish the company will achieve more success and develop more and more in the future In particular, I would like to thank my teacher, Dr Pham Thi Quyen and Dr Dao Hong Nhung, who enthusiastically guided, provided valuable comments and shared valuable experiences and helped me throughout the process of completing my thesis In the process of completing the thesis, although I have tried to, I still have many shortcomings Therefore, I hope to receive valuable suggestions and evaluations from teachers and friends! Thank you sincerely Hanoi, February 13, 2023 Student ST: Nguyen Pham Ngoc Nam ii Nguyen Pham Ngoc Nam Class: CQ57/09.01CLC Academy of Finance TABLE OF CONTENTS Graduation Thesis DECLARATION i ACKNOWLEDGMENTS ii TABLE OF CONTENTS iii ACRONYM vi LIST OF TABLES vii PREFACE The urgency of the thesis Overview of the research situation of the thesis Research objectives Subjects and scope of the study Theoretical and practical significance Research Methodology Structure CHAPTER I: BASIS THEORIES OF ANALYSIS OF BUSINESS CAPITAL EFFICIENCY 1.1 Basis theories about business capital and business capital efficiency 1.1.1 Business capital concept 1.1.2 Features of business capital 1.1.3 The role of business capital .8 1.1.4 Business capital classification 1.1.5 Classification of business capital sources 11 1.1.6 Business capital efficiency of enterprises 12 1.2 Basis theories of analysis of business capital efficiency 13 ST: Nguyen Pham Ngoc Nam iii Class: CQ57/09.01CLC Academy of Finance Graduation Thesis 1.2.1 The concept and purpose of analysis of business capital efficiency .13 1.2.2 Databases and methods of analyzing the efficiency of business capital use 16 1.2.3 Contents of analysis of business capital efficiency of enterprises 20 1.2.4 Capital profitability .30 1.3 Factors affecting business capital efficiency of enterprise 37 1.3.1 Objective factors 37 1.3.2 Subjective factors 39 CONCLUSION OF CHAPTER I 41 CHAPTER II: ANALYSIS OF BUSINESS CAPITAL EFFICIENCY AT HA DO JOINT STOCK COMPANY 42 2.1 About Ha Do Joint Stock Company 42 2.1.1 The process of formation and development of the company 42 2.1.2 The organizational management apparatus of the company 45 2.1.3 Characteristics of the company's industry and field of activity 51 The company's ongoing projects 52 2.1.4 Advantages and disadvantages of the company 53 2.1.5 Analysis of the current state of assets, capital sources and business results of the company 54 2.2 Analysis of business capital status and business capital efficiency of Ha Do Joint Stock Company .75 ST: Nguyen Pham Ngoc Nam iv Class: CQ57/09.01CLC Academy of Finance Graduation Thesis 2.2.1 Analysis of the current situation of business capital efficiency at Ha Do Joint Stock Company .75 2.3 General assessment of business capital efficiency at Ha Do Joint Stock Company .108 2.3.1 Results 108 2.3.2 Limitations and causes 109 CONCLUSION OF CHAPTER II .111 CHAPTER III: SOLUTIONS TO IMPROVE BUSINESS CAPITAL EFFICIENCY OF HA DO JOINT STOCK COMPANY 112 3.1 Economic context .112 3.2 Development orientation of Ha Do Joint Stock Company 115 3.3 Solutions to improve the efficiency of business capital use of Ha Do Joint Stock Company .116 3.3.1 Capital mobilization solution .116 3.3.2 Accelerate the flow of working capital 119 3.3.3 Improve income revenue .122 3.3.4 Improve cost management efficiency 122 3.3.5 Enhance the internal business .124 CONCLUSION OF CHAPTER III 126 FINAL CONCLUSION 127 ST: Nguyen Pham Ngoc Nam v Class: CQ57/09.01CLC Academy of Finance Graduation Thesis ST: Nguyen Pham Ngoc Nam vi Class: CQ57/09.01CLC Academy of Finance Graduation Thesis LCT ACRONYM HSkd Hđ Total revenue Business capital efficiency SVLĐ Short-term investment DTT coefficient Working capital turnover Scđ Revenue from sales and Slđ service provision Klđ Average fixed assets Average working capital VLD Working capital turnover SVtk period GV Working capital Stk Inventory turnover Ktk Cost of goods sold Gtk Average inventory SVpt Inventory turnover period Spt Inventory balance Kpt Debt collection turnover BEP Debt collection EBIT Debt collection period Hhđ Basic earning power Profit before tax and interest NP Operating profitability before Ht interest and tax Hcp Profits after taxes ROA Self-funding coefficient ROS Cost coefficient ROE Return on assets Return on sales Return on equity ST: Nguyen Pham Ngoc Nam vii Class: CQ57/09.01CLC Academy of Finance Graduation Thesis LIST OF TABLES Diagram 2.1: Organization management apparatus diagram 45 Diagram 2.2: Diagram of financial accounting department 48 Table 2.1: Structure of workers in 2021 50 Table 2.2: Analysis of fluctuations and capital structure of Ha Do Joint Stock Company .62 Table 2.3: Analysis of business results of Ha Do Joint Stock Company 70 Table 2.4 Overview of business capital performance of Ha Do JSC 75 Table 2.5 An overview of business capital performance with companies in the same industry 78 Table 2.6 Analysis of business capital effectiveness of Ha Do JSC 80 Table 2.7 Analysis of fixed capital performance 85 Table 2.8 Analysis of working capital movement rate of .88 Table 2.9 Analysis of inventory turnover rate .92 Table 2.10 Analysis of the turnover rate of receivables 95 Table 2.11 Analysis of the basic earning power at Ha Do Joint Stock Company .97 Table 2.12 Analysis of return on assetsat Ha Do Joint Stock Company 100 Table 2.13 Return on equity at Ha Do Joint Stock Company 103 Figure Chart showing the value of working capital and business capital 82 Figure Fixed assets through the end of 2019-2021 86 Figure Inventory value at the end of 2019, 2020 and 2021 .94 Figure Average share of equity and total assets 2020-2021 105 ST: Nguyen Pham Ngoc Nam viii Class: CQ57/09.01CLC Academy of Finance Graduation Thesis PREFACE The urgency of the thesis *Theoretical basis With the expansion of the market economy and the State's increasingly rigorous macroeconomic policies, enterprises are really facing high requirements for efficiency in capital allocation and management The State always supports enterprises, but is ready to supervise and investigate suspected enterprises, especially issues related to business capital; Is business capital properly allocated? Does it generate the expected profit? Is capital being used in the right direction for the business? Thus, it can be seen that business capital efficiency can determine the success and failure of enterprises, so business capital efficiency is definitely always a topic that every business is interested in The regular analysis and evaluation of business capital efficiency to assist management entities in quickly taking measures to overcome limitations and promote enterprise advantages in capital management and use The goal of a business capital situation analysis is to assess the situation of using business capital in the enterprise properly, fully, comprehensively, and objectively Consider capital allocation, the ability to finance capital sources, the ability to mobilize and develop capital, and the efficiency with which those funds are used Simultaneously, analyzing business capital efficiency aims to identify internal contradictions in capital management, analyze the causes affecting capital management, and provide directions and measures to improve the effectiveness and efficiency of capital management in enterprises *Practical basis In recent years, the state and governments have identified basic construction as an important manufacturing sector and a driving force in the national economy Buildings, urban areas, transportation works, wharves, and ST: Nguyen Pham Ngoc Nam Class: CQ57/09.01CLC