Overview of business performance in the period 201- 123docz.net

CHAPTER 2: SITUATION OF BUSINESS PERFORMANCE AT HOANG

2.2 Overview of business performance in the period of 2016-2018

2.2.1 Overview of business performance in the period 2016-2018

Over the years, the company has invested in renovating modern equipment, investing in the application of science and technology in production and business, contributing to improving the business performance of the company. To better understand the business situation of the company, we observe the following table:

(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company

Targets 2016 2017 2018

2016 / 2017 2017 / 2018

Amount % Amount %

Revenue from goods

sold and service 67.585.275.300 77.049.993.860 86.474.447.413 9.464.718.560 12,28 9.424.453.553 10,90

Revenue before

corporate income tax 6.213.366.998 7.254.505.456 8.329.522.214 1.041.138.458 14,35 1.075.016.758 12,91

Corporate income tax 1.242.673.400 1.450.901.091 1.665.904.443 208.227.692 14,35 215.003.352 12,91

Revenue after

corporate income tax 4.970.693.598 5.803.604.365 6.663.617.771 832.910.766 14,35 860.013.406 12,91 ( Source: Financial reports of Hoang Long Mechanics Technology Joint Stock Company from 2016 to 2018)

Figure 2: Business performance phase 2016 – 2018

Figure 3: Business performance phase 2016 – 2018 Through the data table we see:

Net Revenue of goods and services increased over the years. Revenue in 2017 increased compared to 2016 was 9.464.718.560 VND, equivalent to 12,28%. In 2018, the revenue still maintained an increase, reaching VND 86.474.447.413, an increase of 9.424.453.553 VND, equivalent to 10,90% compared to 2017. This shows that the business performance of the company is progressing with good development. Achieving such results is thanks to the constant efforts of all employees in the company, especially the wise

0 10,000,000,000 20,000,000,000 30,000,000,000 40,000,000,000 50,000,000,000 60,000,000,000 70,000,000,000 80,000,000,000 90,000,000,000 100,000,000,000

Revenue from goods sold and service

Business performance from 2016 – 2018

2016 2017 2018

2016 2017

2018

0 2,000,000,000 4,000,000,000 6,000,000,000 8,000,000,000 10,000,000,000

Revenue before corporate income

tax

Corporate income tax

Revenue after corporate income

tax

Business performance from 2016 – 2018

2016 2017 2018

leadership of the company leaders that have led the company to overcome the difficulties of the economy. market economy. At the same time, the company also owns a young, knowledgeable, dynamic and creative labor force.

In addition, the company is always proactive in understanding, capturing and promptly responding to customer needs, constantly improving the quality and design of its products to enhance its competitive position and attract more customers.

Another sign that the company's business performance is growing rapidly is the profit before tax increased over the years. Profit before tax in 2017 was 7.254.505.456 VND, an increase of 1.041.138.458 thousand VND compared to 2016, corresponding to an increase of 14,35%. By 2018, profit before tax increased to VND 6.663.617.771, an increase of VND 860.013.406 compared to 2017, equivalent to 12,91%.

Along with the development of the company is the increase of the company's contribution to the state budget revenue, the company's corporate income tax has increased continuously over 3 years. In 2017, corporate income tax was VND 1.450.901.091, an increase of 14,35% compared to 2016. Enterprise income tax in 2018 was VND 1.665.904.443, an increase of 12,91% compared to 2017.

Profit after tax of the company also increased rapidly over the years. In 2017, it was VND 5.803.604.365, an increase of VND 832.910.766 compared to 2016 (up 14,35%), in 2018 profit after tax increased by VND 6.663.617.771 compared to 2017 (up 12,91%).

Through the overview of the company's business performance results in 2016, 2017 and 2018, we realize that the company is constantly trying to strive in production and business, focusing strongly on the market to improve profits. The manifestation of an increasingly favorable business is the rapid increase in revenue and profit of the company.

However, in the process of operating the company also encountered difficulties and obstacles that slowed down the growth of the company. Therefore, the company must take full advantage of and maximize its strengths, gradually overcome difficulties to improve its competitive position and business performance.

Overview of business performance in the period 2016-2018

Analyze the performance of using labor

Analyze the performance of account receivable management