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Whiz Consulting Enables Businesses With Its Tailor-Made Ratio Analysis Service
Is a tailor-made ratio analysis service that important for a business's growth? Find out now.
Through this addition, the company also wants business owners to get acquainted with the measures taken by the accountants to do a proper analysis. They want businesses to get the hang of how a financial analyst takes numerous steps, including confirming financial data correctness before creating a ratio analysis. According to them, it will avoid failure due to incorrect data and ineffective analysis and better understand the business owners and accountants.
The newly introduced ratio analysis service also focuses on making the process easier for accountants. As per the firm experts, "Ratio analysis is a complex process by which an accountant turns financial numbers into ratios to compare them to prior years' ratios and those of competitors. We wanted to make that procedure easier for the accountants so they can effectively communicate with the business owners about their analysis report." The experts also stated that the service would include many new features that will help improve the company's efficiency.
The experts also believe that management and shareholders may use these ratio analysis tools to examine and evaluate their company's performance to see whether it is profitable and worth investing in. The ratio analysis allows management or investor to assess the performance of a business as a whole and have a deeper understanding of many areas of its operations.
When asked about it in detail, one of the accountants explained, "Inventories turnover and sales turnover ratios are examples of ratios that may be used to determine how successfully a firm is utilizing its resources and assets to produce sales or reduce inventory. If these ratios are greater, the firm is more efficient; however, if they are decreasing over time, it might indicate that inventory is gradually building, the commodity is becoming obsolete, or the sales and marketing strategy is weak, among other things."
The firm also explained how their financial ratio analysis services would help businesses improve their market performance. According to the firm, the benefits include various ratios that will help determine if a company is overvalued or undervalued in relation to its competitors or if an investor should add the stock at the current level of risk. It will also help management determine how its success relates to its stock price and what type of future strategy should be pursued.