financial management 1 name of topic viettel post joint stock corporationvtp

<span class="text_page_counter">Trang 1</span><div class="page_container" data-page="1">

DUY TAN UNIVERSITY

FACULTY OF BUSINESS ADMINISTRATION

------BUSINESS R EPORT

Financial Management 1

<i>(Name of topic) Viettel Post Joint Stock Corporation(VTP)</i>

Instructor: Dr.REGINA PUMA-AT BÙI ĐỨC ANH Class: FIN 301M

Group members:

1. Bùi Minh Tâm - 4055 2. Nguyễn Thị Thanh Hiếu - 7643 3. Lê Thị Nga - 2129

<i>Đà Nẵng, tháng 10 năm 2023</i>

</div><span class="text_page_counter">Trang 2</span><div class="page_container" data-page="2">

<b>2. BREAK EVEN POINT...17</b>

<b>III.FINDINGS AND RECOMMENDATIONS...17</b>

1. Results achieved...17

2. Restrict...18

3. Solution...19

IV. REFERENCES...19

</div><span class="text_page_counter">Trang 3</span><div class="page_container" data-page="3">

<b>I.INTRODUCTION1.OVERVIEW</b>

<b>VIETTEL POST JOINT STOCK CORPORATION</b>

Viettel Post is a member of Viettel Group, specializing in domestic and international express Delivery Service; Logistics Service; Fulfillment Service; E-commerce Service;...

After more than 24 years of construction and development, Viettel Post's position is increasingly asserted in the market with many prestigious titles and awards along with the highest growth rate in the delivery industry. With the desire to tranquillize the customers and bring the best experience when using the delivery service, Viettel Post is constantly changing increasingly to meet the expectations of customers.

Explaining the sustainable development of Viettel Post, MR. Nguyen Thanh Nam - General Director of Viettel Post emphasized: “We always consider customers as the most valuable assets, taking customers as the final destination, all actions of Viettel Post's activities are aimed to satisfy domestic as well as international customers. This motto will forever be the guideline for Viettel Post's actions in the coming time”

Viettel Post always consider human resources as the core factor. With the slogan: "Viettel Post - Going deeper, going further to make people closer together", the Corporation has built a stream of lean, honest, hard-working staff to meet expectations of customers when using the service. Viettel Post is being evaluated as a sustainable development enterprise and is the only enterprise in Vietnam in the delivery field of investment in foreign markets to integrate into the world.

</div><span class="text_page_counter">Trang 4</span><div class="page_container" data-page="4">

English name: Viettel Post Joint Stock Corporation Abbreviations: UpCOM

Business registration certificate No. 0104093672 provided by Hanoi City Planning and Investment, first registered on July 3, 2009.

<b>Headquarters: Km 2, Thang Long Boulevard, Me Tri Ward, Nam Tu</b>

Liem District, Hanoi

<b>Southern Office: N1 Building – 158 / 2a Hoang Hoa Tham, Ward 12,</b>

Tan Binh District, HCM

<b>Contact number: 19008095</b>

<b>Email for support: for business cooperation: +84 98 365 3311</b>

<b>Email for business cooperation: </b>

<b>Website: </b> Post express delivery service is a service for transporting parcels, letters, goods... by road and air according to pre-announced time. Parcels sent via Viettel express delivery service are not only guaranteed on time but also committed to safety. The parcel will be delivered directly to the recipient by Viettel Post's postman if the recipient's address is correct. Domestic services include MyGo delivery within the province, Express delivery, 60-hour delivery, Express delivery by box, Economy delivery by box, Express delivery, Express delivery with cash on collection, etc. International services include designated carrier international delivery and express international delivery.

Logistic services include Customs Services, Full-haul Transportation Services, Forwarding Services, Consolidation Transportation Services, Warehouse Services.

</div><span class="text_page_counter">Trang 5</span><div class="page_container" data-page="5">

Developing multi-service business, bringing services closer to customers for both domestic and international markets.

<b>7.ORGANIZATIONAL STRUCTURE</b>

<b>The organizational and management structure of Viettelincludes: Chairman and General Director, Deputy General Directors,</b>

Surveyors, Chief Accountant and advisory and internal control apparatus.

</div><span class="text_page_counter">Trang 6</span><div class="page_container" data-page="6">

<b>BOARD OF DIRECTORS:</b>

</div><span class="text_page_counter">Trang 7</span><div class="page_container" data-page="7">

<b>MEMBERS OF THE BOARD OF MANAGEMENT:</b>

</div><span class="text_page_counter">Trang 8</span><div class="page_container" data-page="8">

<b>II. FINANCIAL STATEMENT (2021-2022)</b>

* BALANCE SHEET (VIETNAMESE)

</div><span class="text_page_counter">Trang 10</span><div class="page_container" data-page="10">

* BALANCE SHEET (ENGLISH)

</div><span class="text_page_counter">Trang 11</span><div class="page_container" data-page="11">

INCOME STATEMENTS (VIETNAM)

</div><span class="text_page_counter">Trang 12</span><div class="page_container" data-page="12">

*INCOME STATEMENTS (ENGLISH)

</div><span class="text_page_counter">Trang 13</span><div class="page_container" data-page="13">

<b>1. FINANCIAL RATIO</b>

<b>Liquidity ratio</b>

- In 2021, the current rate of 1.2 means that in 1 debt limit, there are 1.2 liquid assets. By 2022, this ratio is down to 1.19, which is down 0.01 compared to 2021.

The current rate in 2022 set at 1.19 ensures the ability to pay short-term debts.

- Quick Ratio 2021-2022 tends to fall from 1.113 to 1.112 which means a decrease of 0.001 which means that at the end of 2022 for every short-term debt there are 1.1123 assets ability to pay guaranteed

=> Company's payment capabilities are good

</div><span class="text_page_counter">Trang 14</span><div class="page_container" data-page="14">

<b>Asset management Ratio</b>

Accounts receiveable turnover in 2021 is 9.78, but a 2022 decrease to 9.33 indicates that businesses are likely to recover less efficiently than in 2021. And all 2-year high Receivable turnover index is often considered indicative of good business performance because it shows the ability to switch

The increase in the Average Collection Period (Average recall period) from 37.3 to 39.1 can be considered a negative sign in the financial management of the business karma. It can be pointed out that the business is having difficulty recovering receivables from customers The inventory turnover in 2021 is 55.9, meaning that the time goods stay in stock before lingering out averages 6.5 days. But by 2022, the number of inventory turnover of the business increased to 63.3 (up 7.4), each round is 5.8 days (down 0.7 days).

=> Thereby, showing that the production and business activities of the enterprise are progressing well.

</div><span class="text_page_counter">Trang 15</span><div class="page_container" data-page="15">

In 2021, the company's fixed asset turnover is 67.1 and increases rapidly in 2022 (an increase of 13.6 times), showing that the business is effectively utilizing fixed assets in creating sales population and can create conditions for businesses to use assets effectively and have more resources for other business activities.

Compared to 2021, the total asset turnover ratio in 2022 has a slight decrease. This suggests that businesses that use all assets are less effective at generating sales. Therefore, enterprises need to control costs, optimize the production process, etc, or take measures to enhance asset utilization performance and achieve better financial performance.

PROFITABILITY RATIO

Profit Margin: the net profit ratio does not change much, maintained at 0.01, the, indicate the after-tax profit on sales and show that

</div><span class="text_page_counter">Trang 16</span><div class="page_container" data-page="16">

each dollar of revenue yields a 1% profit% . Follow-up attention should be paid to ensure the feasibility and stability of profit.

Gross Margin Ratio is 0.03. Indicates that 3% of sales revenue contributes to offsetting the cost of goods sold, reflecting the moderate gross profit margin indicates stability in covering costs, maintaining profit margin . Indicates the ability to manage the company's capital price Return on Total Asset: the return on total assets in 2021 was 0.054 and in 2022 it was 0.04 indicating a slight decrease in 2022 . This indicator measures asset utilization performance to generate profits .This decrease may be a warning sign of a decreased asset efficiency

Return on Common Equity: return on common equity decreased from 0.29 to 0.23 . Evaluation of profit performance against equity . This decrease indicates low shareholder returns, which require attention to financial performance

The decline of Return on invested capital from 0.06 in 2021 to 0.05 in 2022 is often a negative sign. A decrease in ROIC often means that the business does not generate an effective return on investment

Basic Earning Power Ratio: Measuring a company's profitability from its core operations, excluding interest and taxes . A drop in the basic profitability ratio by 2022 indicates a slightly lower likelihood of generating operating income from assets than it was in 2021.

</div><span class="text_page_counter">Trang 17</span><div class="page_container" data-page="17">

<b>DEBT UTILIZATION</b>

Total Debt to total capital remains stable at 76% both in 2021 and 2022. This stability shows that the company is not experiencing significant fluctuations in its long-term debt structure compared to equity

Times Interest Earned: Evaluating the company's ability to pay interest on the loan. The year 2021 fell from 8.78 to 2022 to 6.82, but is still considered a relative level of safety for debt interest repayment. That is, the business has enough profit to pay the current debt interest and has a profit margin.

Long-Term Debt to Equity Ratio: Measuring the level of risk associated with long-term debt versus equity. An increase from 0.001 to 0.01 could indicate a strengthening in the long-term debt, which could pose future debt settlement challenges

</div><span class="text_page_counter">Trang 18</span><div class="page_container" data-page="18">

<b>2. BREAK EVEN POINT</b>

So VTP has a break-even point in 2021 when it has a sales volume of 196,266,623 products with a turnover of 3,925,332,464,832đ.

And VTP has a break-even point in 2022 when it has a sales volume of 211,622,624 products with a turnover of 4,232,452,497,096đ.

<b>III.FINDINGS AND RECOMMENDATIONS</b>

1. Results achieved

By analyzing the financial situation of Viettel post in the past 2 years, we can see that, in recent years, though, it has been in the post-economic crisis, the economy still faces many difficulties, but the company still achieves encouraging results. Specifically as follows: Regarding the asset situation: The increased size of the company's assets indicates that the company is expanding its business size. The increased long-term assets are the main ones, short-term assets remain stable, the asset structure remains stable. The company has increased investment in

</div><span class="text_page_counter">Trang 19</span><div class="page_container" data-page="19">

fixed assets, machinery and factories to improve production and distribution capacity.

Regarding the situation of capital mobilization: The size of the company's capital increases and increases both from liabilities and equity. Continuous capital contribution has helped the company have resources to invest in long-term assets, helping the company to enhance productivity capacity, construction capacity.

Regarding cash flow: The net cash flow from business activities during the company's term in 2022 increased compared to 2021. Net cash flow from investment increased dramatically in the period of 2022, indicating that the company is promoting investment in business development.

2. Restrict

Besides the results achieved, the company also exists as follows: about the property:. short-term assets cannot be easily converted into cash when necessary.The company also leaves a large backlog of capital at upfront payments to the associated short-term sellers to the investments. Inventories tend to decrease and the cost of goods sold increases. on the situation of capital: the ratio of liabilities of the Company is low. Owner capital is constantly increasing. The low debt ratio shows that the company has not made good use of economic leverage to raise capital from sources to promote business.

Restrictions on the company's self-financing situation pose a challenge on debt management , spending interest rates and financial strategies to ensure long-term stability and profitability .

<b>3. Solution</b>

</div><span class="text_page_counter">Trang 20</span><div class="page_container" data-page="20">

We recommend that the company strengthen its inventory management measures while strengthening its management of receivable liabilities. In addition, strengthening the cost management and monitoring the implementation of the cost plan is also important. Especially know the management of cash flow, especially cash flow from investment and

1. Nguyễn Thị Thanh Hiếu 27202637643 GOOD

</div><span class="text_page_counter">Trang 21</span><div class="page_container" data-page="21">

<small>20</small>

</div>