A PROJECT

ON
FINANCIAL ANALYIS OF THREE YEAR USING
TREND PERCENTAGE/ COMPARATIVE
STATEMENT/ RATIO ANALYSIS

BY- Md. Shafi Khan (TY BBA)

ROLL NO - 258
UNDER THE GUIDANCE OF
PROF. AQUEEL

SUBMITTED TO :

SAVITRIBAI PHULE PUNE UNIVERSITY

 IN PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR
THE AWARD OF OF THE DEGREE OF BACHELORS OF
BUSINESS ADMINISTRATION FOR THE ACADEMIC YEAR
2022-2023.
THROUGH- ABEDAR INAMDAR SENIOR COLLEGE OF ARTS,
SCIENCE, AND COMMERCE,CAMP , PUNE-411001.

DECLARATION
WE HEREBY DECLARE THAT REPORT TITLED “A STUDY ON
ONLINE BANKING” HAS BEEN PREPARED BY US DURING
THE YEAR 2022-2023 UNDER THE GUIDANCE OF
PROF. AQUEEL
ABEDA INAMDAR SENIOR COLLEGE OF ARTS,SCIENCE&
COMMERCE. PUNE
We would declare that this project is conducted in the partial
requirements of the “Bachelors Of Business Administration”
Degree of the Pune University and has not been previously submitted
for the award of any degree to any institution or Universities.

We have not copied any previous report or any other , we further

declare that all facts and figures furnished in this report are outcome
of my own research and finding.

We would also like to mention that this project is only for education
purpose.

DATE: 20/11/22
PLACE: PUNE
 ACKNOWLEDGEMENT

It gave us an immense pleasure to extend my gratitude to those who

have been instrumental in the successful completion of my project.
We thank God almighty, for giving me all the needed strength,
wisdom and grace.We would like to thank the Pune University for the
opportunity provided to me to do this project and learn about the “
financial analysis of three different years using trend
percentage/comparative statement /ratio analysis” .We wish to avail
myself this opportunity to express my sense of gratitude to

Dr.Shailabootwala. Principal of ABEDAR INAMDAR SENIOR

COLLEGE,PUNE

Prof. Ameena Sabooni, Department of Commerce and Management

who has been a constant source of support and encouragement during
the past two years of my course in our college.We are obliged for the
help and support. We have received from Prof. AQUEEL.

My guide, who made sure We was provided with all the information
about the formats required to complete this project according to the
standard set by the university. We are really thankful to my parents
and my colleagues too for their deep support.

Place : Pune
S.No PARTICULARS

1. Introduction of company

2. Trend percentage of three years

3. COMPARATIVE STATEMENT

4. Ratio analysis

5. Conclusion

6. References

INDEX
Procter & Gamble
The Procter & Gamble Company (P&G) is an American
multinational consumer goods corporation headquartered in Cincinnati,
Ohio, founded in 1837 by William Procter and James Gamble.[2] It
specializes in a wide range of personal health/consumer health, personal
care and hygiene products; these products are organized into several
segments including beauty; grooming; health care; fabric & home care;
and baby, feminine, & family care. Before the sale
of Pringles to Kellogg's, its product portfolio also included food, snacks,
and beverages.[3] P&G is incorporated in Ohio.[4]
In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G
announced it was streamlining the company, dropping and selling off
around 100 brands from its product portfolio in order to focus on the
remaining 65 brands,[5] which produced 95% of the company's
profits. A.G. Lafley, the company's chairman and CEO until October
2015, said the future P&G would be "a much simpler, much less
complex company of leading brands that's easier to manage and
operate".

 Headquarters in Cincinnati, Ohio

Brief Introduction Of Procter And Gamble (P&G)
The Proctor and Gamble Company (P&G) is an American based
multinational consumer goods manufacturing corporation. The Proctor
and Gamble (P&G) company have the headquarters in the downtown
Cincinnati, Ohio, United States of America. The Proctor and Gamble
(P&G) company were founded by an English person name William
Procter and an Irish American person named James Gamble. It was
founded in the year 1837 in the month of October on 31 st. The Proctor
and Gamble company (P&G) is well known and specialized for it s wide
range of product especially in the “range of personal health or consumer
health, and personal care and hygiene products”. All the various type of
personal health/consumer health, and personal care and hygiene
products are organized and categorised into various segments. Those
segments may include “Beauty products, Grooming products, Health
Care products, Fabric & Home Care products, Baby care products and
Feminine & Family Care products.” In addition, The Procter & Gamble
Company (P&G) before it sold the Pringles chips to the Kellogg
company, the product portfolio of the following, multinational consumer
goods manufacturing company also included the foods, snacks, and
beverages.   

When Did The Procter And Gamble Have Been Started

And Whom?
The Proctor and Gamble Company (P&G) is an American based
multinational consumer goods manufacturing corporation. It was
founded in the year 1837 in the month of October on 31 st. The Proctor
and Gamble (P&G) company have the headquarters in the downtown
Cincinnati, Ohio, United States of America. The Proctor and Gamble
(P&G) company were founded by an English person name William
Procter and an Irish American person named James Gamble.
What Was The Need Of This Procter And Gamble
(P&G)?
The Proctor and Gamble Company (P&G) is the umbrella brand which
has “acquired a number of other companies that diversified its product
line and significantly increased profits”. The Proctor and Gamble
Company (P&G) is well known and specialized for its wide range of
product especially in the “range of personal health or consumer health,
and personal care and hygiene products”. All the various type of
personal health/consumer health, and personal care and hygiene
products are organized and categorised into various segments. Those
segments may include “Beauty products, Grooming products, Health
Care products, Fabric & Home Care products, Baby care products and
Feminine & Family Care products.” In addition, The Procter & Gamble
Company (P&G) before it sold the Pringles chips to the kellogg company,
the product portfolio of the following, multinational consumer goods
manufacturing company also included the foods, snacks, and
beverages.   

What Is The Use Of Proctor And Gamble (P&G)?

The Proctor and Gamble Company (P&G) is the umbrella brand which
has “acquired a number of other companies that diversified its product
line and significantly increased profits”. Proctor and Gamble (P&G) help
to provide “clear, accessible and reliable product brand under one roof,
under one mother brand.” In addition, The Proctor and Gamble Company
(P&G) also provide “clear, accessible and reliable” about its various
product brand information in a “SmartLabel™”.

What Is The Criticism Of Procter And Gamble (P&G)?

There are various controversies related to Proctor and Gamble (P&G)
which has given rise to lots of criticisms for Proctor and Gamble (P&G).
The various controversies include the “Price fixing controversy, the Toxic
shock syndrome and tampons controversy, the child labour controversy,
the Animal testing controversy and the  other products controversy, the
Logo myth controversy, the logo controversy and the Gillette ads
controversy.”   In the price controversy, in the year 2011 the Proctor and
Gamble (P&G) were fined around 211.2 million euro’s by the European
Commission “for establishing a price-fixing cartel for washing powder in
Europe”. While talking about the Toxic shock syndrome and tampons
controversy, the disease was assumed to be caused by the Rely tampon
which was manufactured by the Procter & Gamble. In the year 1999, the
Proctor and Gamble (P&G) announced to reduce the use of testing drugs
on the animals after it received lots of backlash and criticism by the
People for the Ethical Treatment of Animals (PETA), an American animal
rights organization. In the area of advertising and promotion, the Proctor
and Gamble (P&G) was at the receiving end of strong criticism for its
Gillette advertisement campaign called "The Best Men Can Be, criticising
toxic masculinity, bullying, and sexual assault, challenging men to be the
best they can be”.

History
Origins
Candlemaker William Procter, born in England, and soap maker James Gamble,
born in Ireland, both emigrated to the US from the United Kingdom. They settled
in Cincinnati, Ohio, initially and met when they married sisters Olivia and Elizabeth
Norris.[8] Alexander Norris, their father-in-law, persuaded them to become business
partners, and in 1837 Procter & Gamble was created.
In 1858–1859, sales reached $1 million. By that point, about 80 employees worked
for Procter & Gamble. During the American Civil War, the company won contracts to
supply the Union Army with soap and candles. In addition to the increased profits
experienced during the war, the military contracts introduced soldiers from all over
the country to Procter & Gamble's products.
In the 1880s, Procter & Gamble began to market a new product, an inexpensive
soap that floated in water.[9] The company called the soap Ivory.[9] William Arnett
Procter, William Procter's grandson, began a profit-sharing program for the
company's workforce in 1887. By giving the workers a stake in the company, he
correctly assumed that they would be less likely to go on strike.
The company began to build factories in other locations in the United States because
the demand for products had outgrown the capacity of the Cincinnati facilities. The
company's leaders began to diversify its products as well, and in 1911 began
producing Crisco, a shortening made of vegetable oils rather than animal fats.[9]

Beginning in the 1880s, P&G advertised its wares in full-page advertisements in

many general-interest magazines; by 1921, it had become a major international
corporation with a diversified line of soaps, toiletries, and food products; in that year,
its annual advertising budget reached $1 million. In the 1920s, P&G advertised its
products on the new medium of radio, and from 1932 forward was one of the biggest
sponsors of daytime serials, which soon acquired the nickname of soap operas.[10] In
the television era, P&G sponsored and produced some twenty soap operas across
six decades before the last of its shows ended in 2010.[11]

International expansion
The company moved into other countries, both in terms of manufacturing and
product sales, becoming an international corporation with its 1930 acquisition of
the Thomas Hedley Co.,[9] based in Newcastle upon Tyne, England. After this
acquisition, Procter & Gamble had their UK Headquarters at 'Hedley House' in
Newcastle upon Tyne, until quite recently, when they moved to The
Heights, Brooklands. Numerous new products and brand names were introduced
over time, and Procter & Gamble began branching out into new areas. The company
introduced Tide laundry detergent in 1946[12] and Prell shampoo in 1947.[13] In 1955,
Procter & Gamble began selling the first toothpaste to contain fluoride, known
as Crest.[9] Branching out once again in 1957, the company
purchased Charmin paper mills and began manufacturing toilet paper and
other tissue paper products. Once again focusing on laundry, Procter & Gamble
began making Downy fabric softener in 1960 and Bounce fabric softener sheets in
1972.[14] From 1957 to 1968, Procter & Gamble owned Clorox, the leading American
manufacturer of liquid bleach; however, the Federal Trade Commission challenged
the acquisition, and the U.S. Supreme Court decided against P&G in April 1967.[15]

One of the most revolutionary products to come out on the market was the
company's disposable Pampers diaper, first test-marketed in 1961, the same year
Procter & Gamble came out with Head & Shoulders.[16] Prior to this point, disposable
diapers were not popular, although Johnson & Johnson had developed a product
called Chux. Babies always wore cloth diapers, which were leaky and labor-intensive
to wash. Pampers provided a convenient alternative, albeit at the environmental cost
of more waste requiring landfilling. Amid the recent concerns parents have voiced on
the ingredients in diapers, Pampers launched Pampers Pure collection in 2018,
which is a "natural" diaper alternative.
Procter & Gamble Brands
Employer recognition

Fortune magazine awarded P&G a top spot on its list of "Global Top

Companies for Leaders", and ranked the company at 15th place of the
"World's Most Admired Companies" list.[51] Chief Executive magazine
named P&G the best overall company for leadership development in its
list of the "40 Best Companies for Leaders".

In October 2008, P&G was named one of "Canada's Top 100

Employers" by Mediacorp Canada Inc. and was featured
in Maclean's newsmagazine. Later that month, P&G was also named
one of Greater Toronto's Top Employers, which was announced by
the Toronto Star newspaper.[52]

In October 2013, the company was named the fourth-most in-demand

employer in the world according to analytic data sourced by LinkedIn.[53]
In August 2013, P&G was named the 14th-hardest company to interview
for by Glassdoor.[54] In November 2013, Glassdoor also named them as
a top 25 company for career opportunities.[55] In February 2014,
Glassdoor placed P&G 34th on their annual Best Places to Work list.[56]
In November 2014, P&G came out publicly in support of same-sex
marriage in a statement made by William Gipson, P&G's chief global
diversity officer.[57]

In November 2015, P&G was named the Careers in Africa Employer of

Choice 2015 following a survey of over 13,000 African professionals
from across the globe. P&G was also recognized as the most desirable
FMCG business to work for in Africa.[58]
In 2016 and 2017, P&G was recognized as one of Forbes World's Most
Reputable Companies.

Sponsorships
In addition to its self-produced items through PGE, Procter & Gamble
also supports many Spanish-language novellas through advertising on
all networks: Azteca América, Estrella
TV, Galavisión, Telemundo, UniMás and Univisión. P&G was one of the
first mainstream advertisers on Spanish-language TV during the mid-
1980s

In 2008, P&G expanded into music sponsorship when it joined Island

Def Jam to create Tag Records, named after a body spray that P&G
acquired from Gillette.[80][81] In 2010, after the cancellation of As the World
Turns, PGP announced they were phasing out soap opera production
and expanding into more family-appropriate programming.

Procter & Gamble also gave a $100,000 contract to the winners of

Cycles 1 through 3 of Canada's Next Top Model, wherein Andrea
Muizelaar, Rebecca Hardy, and Meaghan Waller won the prize.

Procter & Gamble has been a major sponsor of the Summer

Olympics since 2012. It sponsored 150 athletes at the London games
that year.[83] They have also sponsored the Winter Olympics since 2014.
It will do so at the 2024 Summer Olympics in Paris, France besides
the 2026 Winter Olympics in Cortina d'Ampezzo/Milan, Italy. The
company's sponsorship includes television ads in which Olympic
athletes are portrayed as children to convey the sense that the mothers
of these athletes still remember them as infants; other ads stress how
Olympic mothers stood by their children through years of training all the
way through to Olympic success. 2016's ad for the Rio Games notes
upheavals as youths by an American gymnast, Chinese swimmer,
Brazilian volleyballer, and German distance runner. The ads all make
prominent use of the Ludovico Einaudi orchestral track "Divenire" and
related such instrumentals.

The company has actively developed or sponsored numerous online

communities,[84] e.g. BeingGirl.com (launched in 2000)[85] and
Women.com.[84] As of 2000, the company had 72 "highly stylized
destination sites".[86]

Further developments
Procter & Gamble acquired a number of other companies that diversified its product
line and significantly increased profits. These acquisitions included Folgers Coffee,
Norwich Eaton Pharmaceuticals (the makers of Pepto-Bismol), Richardson-Vicks,
Noxell (Noxzema), Shulton's Old Spice, Max Factor, the Iams Company,
and Pantene, among others. In 1994, the company made headlines for big losses
resulting from leveraged positions in interest rate derivatives, and subsequently
sued Bankers Trust for fraud; this placed their management in the unusual position
of testifying in court that they had entered into transactions that they were not
capable of understanding. In 1996, P&G again made headlines when the Food and
Drug Administration approved a new product developed by the company, Olestra.
Also known by its brand name 'Olean', Olestra is a lower-calorie substitute for fat in
cooking potato chips and other snacks.
In January 2005, P&G announced the acquisition of Gillette, forming the largest
consumer goods company and placing Unilever into second place.[18] This added
brands such as Gillette razors, Duracell, Braun, and Oral-B to their stable. The
acquisition was approved by the European Union and the Federal Trade
Commission, with conditions to a spinoff of certain overlapping brands. P&G agreed
to sell its SpinBrush battery-operated electric toothbrush business to Church &
Dwight,[19] and Gillette's Rembrandt toothpaste line to Johnson & Johnson.
[20]
 The deodorant brands Right Guard, Soft and Dri, and Dry Idea were sold to Dial
Corporation.[21] In 2001, Liquid Paper and Gillette's stationery division, Paper Mate,
were sold to Newell Rubbermaid. The companies officially merged on October 1,
2005. In 2008, P&G branched into the record business with its sponsorship of Tag
Records, as an endorsement for TAG Body Spray.[22]
P&G's dominance in many categories of consumer products makes its brand
management decisions worthy of study.[23] For example, P&G's corporate strategists
must account for the likelihood of one of their products cannibalizing the sales of
another.[24]
On August 25, 2009, the Ireland-based pharmaceutical company Warner
Chilcott announced they had bought P&G's prescription-drug business for
$3.1 billion.[25]
P&G exited the food business in 2012 when it sold its Pringles snack food business
to Kellogg's for $2.75 billion after the $2.35 billion deal with former suitor Diamond
Foods fell short.[26] The company had previously sold Jif peanut butter, Crisco
shortening and oils, and Folgers coffee in separate transactions to fellow Ohio-based
company Smucker's.
In April 2014, the company sold its Iams pet food business in all markets excluding
Europe to Mars, Inc. for $2.9 billion.[27] It sold the European Iams business
to Spectrum Brands in December 2014.

Restructuring
In August 2014, P&G announced it was streamlining the company, dropping around
100 brands and concentrating on the remaining 65, which were producing 95% of
the company's profits.[5]
In March 2015, the company divested its Vicks VapoSteam U.S. liquid inhalant
business to Helen of Troy, part of a brand-restructuring operation. This deal was the
first health-related divestiture under the brand-restructuring operation. The deal
included a fully paid-up license to the Vicks VapoSteam trademarks and the U.S.
license of P&G's Vicks VapoPad trademarks for scent pads. Most Vicks VapoSteam
and VapoPads are used in Vicks humidifiers, vaporizers and other health care
devices already marketed by Helen of Troy.[29]
Later that same year in July, the company announced the sale of 43 of its beauty
brands to Coty, a beauty-product manufacturer, in a US$13 billion deal. It cited
sluggish growth of its beauty division as the reason for the divestiture.[30][31][32] The
sale was completed on October 3, 2016.[33]
In February 2016, P&G completed the transfer of Duracell to Berkshire
Hathaway through an exchange of shares.[34]
In December 2018, Procter & Gamble completed the acquisition of the consumer
health division of Merck Group (known as EMD Serono in North America) for €3.4
billion ($4.2 billion) and renamed it as Procter & Gamble Health Limited in May 2019.
[35][36]

In November 2018, P&G unveiled a simpler corporate structure with six business
units that will be effective from July 2019

Operations
As of July 1, 2016, the company structure has been categorized into ten categories
and six selling and market organizations.

 Categories

o Baby Care
o Fabric Care
o Family Care
o Feminine Care
o Grooming
o Hair Care
o Home Care
o Oral Care
o Personal Health Care
o Skin & Personal Care
o Selling & Market Organizations
o Asia Pacific, India, the Middle East and Africa (AMA)
o Europe
o Greater China
o Latin America
o North America

Brands
For a more comprehensive list, see list of Procter & Gamble brands
As of 2015, 21 of P&G's brands have more than a billion dollars in net annual sales.
[61]
 Most of these brands—including Bounty, Crest, Always, and Tide—are global
products available on several continents. P&G's products are available in North
America, Latin America, Europe, the Middle East, Africa, Asia, Australia, and New
Zealand.
In 2018, P&G's fabric and home care division accounted for 32% of the company's
total net sales, the highest of all its divisions. The division
includes Downy, Gain, Tide, Febreze, and Dawn.[62]
According to Advertising Age, Procter & Gamble spent $4.3 billion advertising their
various brands in the United States in 2015, making it the top advertiser in the
country.[63]
Manufacturing operations are based in these countries:
 United States  Canada  Mexico  Philippines  Hungary

Argentina  Vietnam  Indonesia  Ireland  Romania

 United Kingdom  France  Germany  Poland  Czech Republic

 Russia  Saudi Arabia  United Arab Emirates  Australia

 New Zealand  Brazil  Austria  Japan  India  China

 South Korea  Pakistan  Egypt  South Africa  Nigeria

 Jordan  Tunisia  Turkey  Lebanon  Morocco  Thailand

Competitive innovation
In the 2021 review of WIPO's annual World Intellectual Property Indicators Procter &
Gamble ranked ninth in the world, with 57 designs in industrial design registrations
being published under the Hague System during 2020.[72] This position is down on
their previous sixth-place ranking for 65 industrial design registrations being
published in 2019.[73]
Radio and television production
Procter & Gamble produced and sponsored the first radio serial dramas in the
1930s. As the company was known for Ivory soap, the serials became known as
"soap operas". With the rise of television in the 1950s and 1960s, most of the new
serials were sponsored, produced and owned (20 series) by the company
(including The Guiding Light, which had begun as a radio serial, and made the
transition to television lasting 72 years).[74] Though the last P&G-produced show, As
the World Turns, left the air in 2010,[74] The Young and the Restless, produced
by Sony Pictures Television and broadcast on CBS, is still partially sponsored by
Procter & Gamble; as of 2017, it is the only remaining daytime drama that is partially
sponsored by Procter & Gamble.
Procter & Gamble also was the first company to produce and sponsor a prime-time
serial, a 1965 spin-off of As the World Turns called Our Private World. In 1979, PGP
produced Shirley, a prime-time NBC series starring Shirley Jones, which lasted 13
episodes. They also produced TBS' first original comedy series, Down to Earth,
which ran from 1984 to 1987 (110 episodes were produced). They also distributed
the syndicated comedy series Throb. In 1985, they produced a game-show pilot
called The Buck Stops Here with Taft Entertainment Television in 1985, hosted
by Jim Peck; it was not picked up. Procter & Gamble Productions originally co-
produced Dawson's Creek with Columbia TriStar Television, but withdrew before the
series premiere due to early press reviews. They also produced the 1991 TV
movie A Triumph of the Heart: The Ricky Bell Story, which was co-produced by The
Landsburg Company,[citation needed] and continue to produce the People's Choice
Awards[74] until the show was sold to E! channel in April 2017.[75] In 2007, PGP
teamed up with the now-defunct Cookie Jar Group to produce the Flash-animated
children's series Will and Dewitt, which features the character Dewitt, the mascot for
the Pampers baby product line's former sub-brand, Kandoo.
They attempted with Walmart the Family Movie Night on broadcast networks in
2010–2011[76] then the Walden Family Theater on the Hallmark Channel in 2013.[77]
In 2013, PGP rebranded itself as Procter & Gamble Entertainment (PGE) with a new
logo and an emphasis on multiple-platform entertainment production.
P&G funded a six-episode series, Activate, on National Geographic in 2019 focusing
on extreme poverty, inequality and sustainability in conjunction with not-for-profit
Global Citizen and production company Radical Media.[78] The company agreed to a
longform series deal with Stone Village Television in January 2020. In February
2020, P&G joined Imagine Documentaries' five project slate including Mars 2080, the
project closest to production.[79]

Sponsorships
In addition to its self-produced items through PGE, Procter & Gamble also supports
many Spanish-language novellas through advertising on all networks: Azteca
América, Estrella TV, Galavisión, Telemundo, UniMás and Univisión. P&G was one
of the first mainstream advertisers on Spanish-language TV during the mid-1980s.
[citation needed]
In 2008, P&G expanded into music sponsorship when it joined Island Def Jam to
create Tag Records, named after a body spray that P&G acquired from Gillette.[80]
[81]
 In 2010, after the cancellation of As the World Turns, PGP announced they were
phasing out soap opera production and expanding into more family-appropriate
programming.[82]
Procter & Gamble also gave a $100,000 contract to the winners of Cycles 1 through
3 of Canada's Next Top Model, wherein Andrea Muizelaar, Rebecca Hardy,
and Meaghan Waller won the prize.
Procter & Gamble has been a major sponsor of the Summer Olympics since 2012. It
sponsored 150 athletes at the London games that year.[83] They have also sponsored
the Winter Olympics since 2014. It will do so at the 2024 Summer Olympics in Paris,
France besides the 2026 Winter Olympics in Cortina d'Ampezzo/Milan, Italy. The
company's sponsorship includes television ads in which Olympic athletes are
portrayed as children to convey the sense that the mothers of these athletes still
remember them as infants; other ads stress how Olympic mothers stood by their
children through years of training all the way through to Olympic success. 2016's ad
for the Rio Games notes upheavals as youths by an American gymnast, Chinese
swimmer, Brazilian volleyballer, and German distance runner. The ads all make
prominent use of the Ludovico Einaudi orchestral track "Divenire" and related such
instrumentals.
The company has actively developed or sponsored numerous online communities,
[84]
 e.g. BeingGirl.com (launched in 2000)[85] and Women.com.[84] As of 2000, the
company had 72 "highly stylized destination sites".[86]

LOGO MYTH

Former P&G logo, which was accused of being a Satanist symbol. In 1989, its details
were simplified to avoid satanic links.
P&G's former logo originated in 1851 as a crude cross that barge workers on
the Ohio River painted on cases of P&G star candles to identify them. P&G later
changed this symbol into a trademark that showed a man in the moon overlooking
13 stars, said to commemorate the original 13 colonies.[97]
The company received unwanted media publicity in the 1980s due to rumors, spread
largely by Amway distributors, that the moon-and-stars logo was a satanic symbol.
The accusation was based on a particular passage in the Bible,
specifically Revelation 12:1, which states: "And there appeared a great wonder in
heaven; a woman clothed with the sun, the moon under her feet and upon her head
a crown of 12 stars." P&G's logo consisted of a man's face on the moon surrounded
by 13 stars. Some claimed that the logo was a mockery of the heavenly symbol
alluded to in the aforementioned verse, thus construing the logo to be satanic.
Where the flowing beard meets the surrounding circle, three curls were said to be a
mirror image of the number 666, or the reflected number of the beast. At the top and
bottom, the hair curls in on itself and was said to be the two horns like those of a
ram. The moon-and-stars logo was claimed to be discontinued in 1985 in a failed
attempt to quash the rumors.[98] In 1991, details of the logo were simplified to avoid
the connection and remove aspects alleged to indicate Satanist affiliations.[99][100] The
company moved to a text-only logo in 1995, though in 2013 it unveiled a new logo
with a hint of a crescent moon behind the text.[100]
These interpretations have been denied by company officials and no evidence
linking the company to the Church of Satan or any other occult organization has ever
been presented. The company unsuccessfully sued Amway from 1995 to 2003 over
rumors forwarded through a company voice-mail system in 1995. In 2007, the
company successfully sued individual Amway distributors for reviving and
propagating the false rumors.[101] The Church of Satan denies being supported by
Procter & Gamble.

PROCTER & GAMBLE HEALTH 2020-

2021-2022 Annual Report Analysis
PROCTER & GAMBLE HEALTH has announced its results for the year ended
June 2022. Let us have a look at the detailed performance review of the
company during FY20-22.

PROCTER & GAMBLE HEALTH Income Statement Analysis

 Operating income during the year rose 10.5% on a year-on-year (YoY)

basis.
 The company's operating profit increased by 8.8% YoY during the
fiscal. Operating profit margins witnessed a fall and stood at 24.0%
in FY as against 24.4% in FY.
 Depreciation charges decreased by 9.9% and finance costs
decreased by 47.5% YoY, respectively.
 Other income declined by 27.1% YoY.
 Net profit for the year grew by 8.9% YoY.
 Net profit margins during the year declined from 17.5% in FY to
17.3% in FY.

PROCTER & GAMBLE HEALTH Income Statement 2021-22

No. of Mths Year 12Jun- 12 Jun- 12 Jun-
Ending 2020 2021 2022

Rs 9,030
Net Sales 10,087 11,144
m

Rs 230
Other income 181 132
m

Total Rs 9,260
10,268 11,276
Revenues m

Rs 2,243
Gross profit 2,460 2,677
m

Depreciation Rs 329 300 271

Rs 12
Interest 8 4
m

Profit before Rs 2,132

2,333 2,534
tax m

Rs 482
Tax 565 609
m

Rs 1,539
Profit after tax 1,768 1,925
m

Gross profit
% 24.8 24.4 24.0
margin

Effective tax
% 24.4 24.2 24.0
rate

Net profit
% 17.7 17.5 17.3
margin
* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Accord Fintech, Equitymaster

Calculation of Trend Percentage

Trend Percentage = Current year / Base year x 100

 Above table shows the trend percentage

 The year 2020 is a base year so the percentage taken for it is

100% and according to the base year, I calculated the trend
percentage of the current year 2020-2022.

Trend percentage

(Base year 2020)

No of mths 2020 2021 2022 Base Trend Trend

ending percenta- percenta-
Year.
ge ge
(2020
Of .2021 Of 2022
)

Net sales 100 101170% 123.41%

10,087 11,144
9,030

Other 100 78.69% 57.39%

181 132
income 230
 Total 100 110.88% 121.77%
10,268 11,276
revenue 9,260

Gross profit 100 109.67% 119.34%

2,460 2,677
2,243

Depreciation 329 100 91.18% 82.37%

300 271

interest 100 66.66% 33.33%

8 4
12

Profit before 100 109.42% 118.85%

2,333 2,534
tax 2,132

Tax 100 117.21% 126.34%

565 609
482

Profit after 100 114.87% 125.08%

1,768 1,925
tax 1,539

Gross profit 100 98.38% 96.77%

24.4 24.0
margin. 24.8

Effective tax 100 99.18% 98.36%

24.4 24.2 24.0
rate.

Net profit m 17.7 17.5 17.3 100 98.87% 97.74%

PROCTER & GAMBLE HEALTH Balance Sheet Analysis

 The company's current liabilities during FY stood at Rs 6
billion as compared to Rs 6 billion in FY, thereby witnessing
an increase of 11.1%.
 Current assets fell 5% and stood at Rs 10 billion, while fixed
assets rose 2% and stood at Rs 10 billion in FY.
  Overall, the total assets and liabilities for FY stood at Rs 19
billion as against Rs 20 billion during FY, thereby witnessing a
fall of 2%

PROCTER & GAMBLE HEALTH Balance Sheet as on June 2022

No. of Mths Year 12Jun- 12 Jun- 12 Jun-

Ending 2020 2021 2022

Rs 7,910
Networth 6,998 6,092
m

Current Rs 5,050
5,507 6,117
Liabilities m

Long-term 0
Rs 0 0
Debt

Total Rs 20,019
19,778 19,435
Liabilities m

Current Rs 10,832
10,389 9,895
assets m

Rs 9,172
Fixed Assets 9,390 9,540
m

Rs 20,012
Total Assets 19,778 19,435
m

* Results Consolidated
Interim results exclude extraordinary / exceptional items Source: Accord Fintech,
Equitymaster

Trend percentage of balance sheet

Base year 2020
 Books of

PROCTER & GAMBLE HEALTH Balance Sheet as on June

2022

Trend% Trend% Trend%

No. of Mths Year 12Jun- 12 Jun- 12 Jun- (BY) 2021 2022
2020 2021 2022
Ending 2020

Net-worth 7,910 6,998 6,092 100% 88.4% 77%

Currentt liabilites 5,050 5,507 6,117 100% 109% 121.1%
Long term debt 0 0 0 - - -
Total liabilities 20,019 19,778 19,435 100% 98.7% 97%
Current assets 10,832 10,389 9,895 100% 95.9% 91.3%
Fixed assets 9,172 9,390 9,540 100% 102.3% 104%
Total assets 20,012 19,778 19,435 100% 98.8% 97.1%

 The above table shows the trend percentage of three

years
 In which (2020) has been taken as base year.
 And 2021 and 2022 has been taken as current year.

What is a Comparative Statement?

 A comparative statement is a document used to compare a
particular financial statement with prior period statements.
Previous financials are presented alongside the latest figures in
side-by-side columns, enabling investors to identify trends, track a
company’s progress and compare it with industry rivals.

 How Comparative Statements Work Analysts, investors, and

business managers use a company’s income
statement, balance sheet, and cash flow statement for
comparative purposes. They want to see how much is spent
chasing revenues from one period to the next and how items
on the balance sheet and the movements of cash vary over
time.
 A comparative statement is a statement used to compare a
particular financial statement with prior period statements. It
means a comparative study of components or elements or
items of balance sheet and statement of profit and loss for 2
or more years. Previous financials are presented alongside
the latest figures in side by side columns, enabling investors
to identify trends, track a company’s progress and compare it
with industry rivals. There are 2 types of comparative
statements namely

PROCTER & GAMBLE HEALTH Balance Sheet as on June 2022

No. of Mths Year 12Jun- 12 Jun- 12 Jun-

Ending 2020 2021 2022

Rs 7,910
Networth 6,998 6,092
m

Current Rs 5,050
5,507 6,117
Liabilities m

Long-term Rs 0 0 0
 Debt

Total Rs 20,019
19,778 19,435
Liabilities m

Current Rs 10,832
10,389 9,895
assets m

Rs 9,172
Fixed Assets 9,390 9,540
m

Rs 20,012
Total Assets 19,778 19,435
m

Comparative statement of Procter & Gamble

( as of march 2020 and march 2021)

Absolute %
No. of Mths Year Ending 12 Jun-20 12 Jun-21 change Chang
e

 Net worth 7,910 6,998 -912 -11.5%

 Current Liabilities 5,050 5,507 457 9%

 Long-term Debt 0 0 0 -

 Total Liabilities 20,019 19,778 -241 -1.2%

 Current assets 10,832 10,389 -443 -4%

 Fixed Assets 9,172 9,390 218 2.3%

  Total Assets 20,012 19,778 -234 -1.1%

Comparative statement of Procter & Gamble

( as of march 2021 and march 2022)

Absolute %
No. of Mths Year Ending 12 Jun-21 12 Jun-22 change Chang
e

 Net worth 6,998 6,092 -906 -13.0

 Current Liabilities 5,507 6,117 610 11.1

 Long-term Debt 0 0 0 0.0

 Total Liabilities 19,778 19,435 -343 -1.7

 Current assets 10,389 9,895 -494 -4.8

 Fixed Assets 9,390 9,540 150 1.6
 Total Assets 19,778 19,435 -343 -1.7

Ratio Analysis for PROCTER & GAMBLE HEALTH

Ratio analysis

 The term “ratio analysis” refers to the analysis of the financial

statements in conjunction with the interpretations of financial
results of a particular period of operations, derived with the help
of ‘ratio’. Ratio analysis is used to determine the financial
soundness of a business concern.
  In this blog post, we will introduce ratio analysis, what it is used
for, what are the advantages and disadvantages of it and its
limitations

Meaning and Definition of Ratio Analysis

Ratio analysis is a conceptual technique which dates back to the
inception of accounting, as a concept. Financial analysis as a
scientific tool is used to carry out the calculations in the area of
accounting. In order to appraise the valid and existent worth of an
enterprise, the financial tool comes handy, regularly. Besides, it also
allows the firms to observe the performance spanning across a long
period of time along with the impediments and shortcomings.
Financial analysis is an essential the mechanism for a clear
interpretation of financial statements. It aids the process of
discovering, the existence of any cross-sectional and time series
linkages between various ratios.

 Formerly, Security qualified as a major requisite for banks and

financial institutions, to considerand grant loans and advances.
However, there’s been a complete paradigm shift in the
structure.
 Currently, lending is based on the evaluation of the actual need
of the firms. Financial viability of athe proposal, as a base to
grant loans, is now been given precedence over security.
Further, an element of risk is imperative in every business
decision. Credits, run a higher risk, as a part of any decision
making in business and so, Ratio analysis and other quantitative
techniques mitigate the risk to some the extent by providing a
fair and rational assessment of risks.

 Ratio analysis broadly explains the process of computing, acts

as a vital tool in determination and presentation of the
relationship of related items and groups of items of the financial
statements.

 The financial position of a unit is concretely and clearly

encapsulated by the means of ratio analysis. The significance of
 Ratio Analysis for a holistic Financial Analysis remains
unflinchingly supreme.

 Ratio can be used in the form of a percentage, Quotient, and

Rates. In other words, it can be expressed as a to b; a: b (a is to
b) or as a simple fraction, integer and decimal. A ratio is
calculated by dividing one item or figure by another item or
figure.

 Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at

1.6x during FY, from 1.9x during FY. The current ratio measures the
company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio

improved and stood at 604.3x during FY, from 292.6x during FY. The
interest coverage ratio of a company states how easily a company
can pay its interest expense on outstanding debt. A higher ratio is
preferable.

 Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and

stood at 31.6% during FY, from 25.3% during FY. The ROE measures
the ability of a firm to generate profits from its shareholders capital in
the company.

Return on Capital Employed (ROCE): The ROCE for the company

improved and stood at 41.7% during FY, from 33.4% during FY. The
ROCE measures the ability of a firm to generate profits from its total
capital (shareholder capital plus debt capital) employed in the
company.
Return on Assets (ROA): The ROA of the company improved and
stood at 9.9% during FY, from 9.0% during FY. The ROA measures how
efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Jun-21* 12 Jun-22*

Current ratio x 1.9 1.6

Debtors’ Days Days 216 273

Interest coverage x 292.6 604.3

Debt to equity ratio x 0.0 0.0

Return on assets % 9.0% 9.9%

Return on equity % 25.3% 31.6%

Return on capital employed % 33.4% 41.7%

Conclusion

1) shows the trend percentage

The year 2020 is a base year so the percentage taken
for it is 100% and according to the base year, I
calculated the trend percentage of the current year
2021-2022.

2)Interest coverage ratio is a metric used to analyse

the financial health of a company.

3)The return on assets ratio, often called the return on

total assets, is a profitability ratio that measures the
net income produced by total assets during a period
by comparing net income to the average total assets.

4) A comparative statement is a statement used to

compare a particular financial

5) The debt-to-equity ratio helps you determine if

there's enough shareholder equity to pay off debts if
your company were to face a decrease in profits.

Refrences

 P&G 2020-22 Annual Report Analysis –

 https://www.equitymaster.com/research-it/annual-results-analysis/
EMER/PROCTER-amp-GAMBLE-HEALTH-2021-22-Annual-Report-
Analysis/4200/?utm_source=stocks-financial-
results&utm_medium=website&utm_campaign=content&utm_conten
t=article

 Intro: Ratio Analysis –

Introduction to Ratio Analysis (edupristine.com)

 Procter & Gamble –

https://en.wikipedia.org/wiki/Procter_%26_Gamble