Monday, August 12, 2019
Evaluation of Corporate Performance Assignment Example | Topics and Well Written Essays - 2000 words - 1
Evaluation of Corporate Performance - Assignment Example The decorative product segments manufacture various architectural products such as door window, primers, waterproof products, specialty paint products and other hardware products. The cabinets and related products are concerned with easy to assemble kitchen appliances, kitchen countertops and home entertainment appliances. Lastly, the installation and other services segment deals with the installation of building products such as gutters, roofing products, after paint products and fire and insulation accessories. Fastenal Company has a rich history in financial performance in the manufacturing sector. Over the past three decades, the company has had a growth in their economic performance as well as their market share in the region. Its performance has been mostly above industrial average implying the company has had an upper hand over its competitors. The company has penetrated through new markets internationally such as Brazil, China and most countries in Africa. This has seen the company increase its revenue over the years leading to sustained growth of the company (www.fastenal.com). In a bid to evaluate Fastenal Companyââ¬â¢s performance, it is essential to review its financial statements and make comparison with the ones it had in previous financial periods. This review of financial statement will entail the evaluation of the previous period balance sheet and income statement, and its comparison of those of 2013 and 2012. The pro forma balance sheet and income statements only consist of the vital items that are necessary for the evaluation of Fastenal Company performance. The total assets of the company in the financial period 2014 are higher that of periods ending 2013 and 2012. This shows that the capital base of the company has increased in comparison with some of the previous periods. The capital base might have increased due to the
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