I. Introduce.

Joint Stock Company 32, full name is Electronic Equipment Joint Stock Company 32, is a
company specialising in manufacturing and providing products and solutions in the field of
electronic equipment and telecommunications. The company was established in 1989 and is
headquartered in Hanoi, Vietnam.

With more than 30 years of experience in the field of electronic equipment, Company 32 has
developed a wide range of high quality products and services, including solutions for
telecommunications, communication equipment, electronic equipment, computers computers
and electronic components. The company has also built a wide distribution network
throughout Vietnam and exported to many countries around the world.

With a commitment to providing high quality products, reasonable prices and best customer
support services, 32 Joint Stock Company has become one of the leading companies in the
field of electronic and telecommunications equipment. communication in Vietnam.
II. Analysis.
1.Analysis for Balance sheet
-Within 3 years from 2022-2020, the total assets of 32 joint stock companies will
increase by . And the strongest increase from 2020-2021 (39,835,442,081) and an
increase of about ( 19,321,356,184) from 2021-2022
-Based on the above data , we can see that 32 Joint Stock Companies have developed
quite stably.
a.Short-term assets
- Cash and cash equivalents
The company's cash and cash equivalents increase sharply in 2021
($45,264,832,688) but then decline in 2022 ($39,503,152,179)
- Short-term receivables
Short-term receivables are the largest in 2022 ($177,262,331,882) and the lowest in
2021 ($112,325,433,320). Because short-term receivables play an important role in
total short-term assets, it accounts for a large percentage of 42.65%, 27.94%, and
34.15% respectively in each year 2022, 2021, 2020 respectively.
- Inventories
The company's inventory accounts for a fairly large percentage of the total short-term
assets because 32nd joint stock company is a company specialising in electronics,
so the inventory is quite important and the amount of money converted from
inventory every year is quite regular. The largest in 2021 ($192,225,986,980 ) , the
lowest in 2022 ($177,086,218,598). Although there is a slight decrease from 2020 to
2021, inventory still retains an important position in total short-term assets.
b.Long-term assets
- Fixed Assets
Fixed assets account for the majority of total long-term assets. But the depreciation
cost of touchable assets such as land , premises , supplies and equipment is quite
high making the value of fixed assets only nearly half . And properties that cannot be
touched account for a small percentage.
 - Long-term investments
The company's long-term investments from year to year are almost
unchanged, accounting for about 9.25% of total long-term assets in
2021. This shows stability in the long-term but no breakthrough
needed. necessary although long-term investments are quite
important.

2.Analysis for income statement

- Revenues from sales and services rendered

From 2020-2021 it decreases ($78,434,360,166) , from 2021-2020
Liquidity Ratios:
increases ($69,132,323,072) . From here we can see that the
company's revenue is quite stable and can grow
- Costs of goods sold
Accounting for the largest percentage and quite evenly over each
year, the biggest year gap in 2020($648,984,925,398) with the
lowest year 2021 ($578,731,775,257) is only $70.253,150,141
- Gross revenues from sales and services rendered
Accounted for 12.98% of revenue from sale and service rendered.
And in Gross revenues from sales and services rendered, General
administration expenses accounted for the highest proportion with
7.83% or $56,306,851,021.
- Net profit from operating activities
Net profit = Total revenue – Operating expenses – Corporate
income tax.
Decrease from 2020-2021 then increase from 2021-2022
3. Ratios
a. Liquidity Ratios
Liquidity 2022 2021 2020
Ratios
Current 1.25 1.38 1.44
ratio (%)
Quick 0.71 0.72 0.67
ratio(%)

Current ratio is a ratio of short-term debt solvency, used to measure the

ability of a business to pay short-term debts. This ratio shows how much
current assets and short-term investments a business has to secure a dollar
of short-term debt.

The higher the current ratio ( 1.25- 2022, 1.38-2021, 1.44-2020), the more
reliable the company's solvency is

Through this index, it also helps financial managers and company

managers to have appropriate directions and make correct business
decisions to ensure they can pay off their short-term debts.

Quick Ratio is also known as quick ratio or instant ratio. This ratio
represents the ability of a business to repay short-term loans with highly
liquid assets such as cash and cash equivalents.
To put it simply, calculating a solvency ratio helps financial analysts
understand how much cash and cash equivalents a business has at that
time for immediate settlement. short-term debt.
A business will have short-term debt and long-term debt. Short-term debts
will have to be settled soon. Therefore, businesses need to use assets with
high liquidity. Liquidity refers to an asset's immediate usability. Cash is
the most liquid asset. For assets other than cash, high or low liquidity is
assessed based on its ability to convert to cash quickly or slowly.

B . Efficiency ratios

Inventory 3.5 3.0 3.4

turnover

Accounts 4.0 5.7 5.9

receivable
turnover

Inventory turnover index means that the sales time of the

business takes place quickly, the amount of inventory in the
warehouse is negligible and vice versa. The inventory index in the
financial statements of enterprises gradually decreases over the
years, which means that the risks are minimised over the years.

As mentioned above, this is an important financial indicator based

on which managers can assess the business situation of the
enterprise in a certain period of time.

The Inventory turnover indicator shows the entire process, and the
time it takes for goods in stock to be shipped or sold to the market.
To put it simply, this is the coefficient that represents the average
number of times goods in stock are rotated during an accounting
period (quarterly, annually,...).

A high receivables turnover ratio (4.0, 5.7, 5.9 ) indicates the

ability to effectively collect receivables and debts from customers.
A high receivables turnover ratio can also be a sign that a business
is operating primarily on cash.

The high receivables turnover ratio also shows that the company is
cautious in granting credit to customers. A prudent credit policy can
be beneficial because it helps a company to somewhat prevent
bad debt risk. However, if the company is too cautious, the
company can let potential customers fall into the hands of
competing companies with softer credit policies.
C. Dupont analysis

ROA 0.06 0.65 0.86

ROE 0.17 0.14 0.17
According to international standards: ROE > 15%, assessed as a
company with sufficient financial capacity. Then ROA > 7.5%

ROA: In 2020 with ROA of 8.6%, the company is defined as having

enough finance, and in 2021, 2022, ROA is <7.5%, this means that
the company has not had enough finance. Therefore, it can be
seen that the company's ROA decreases.

ROA shows how efficiently a business is using its assets. Investors

will see how much profit the business earns per dollar of assets.
The higher the ROA, the more efficient the asset's ability to be
used.

ROE: In 2022 and 2022, the company meets the international ROE
criteria, and in 2021, it is 1% worse than the international standard

The ROE ratio shows how much profit a business has to spend on
a pile of equity to serve its operations. The higher the ROE, the
more efficient the company's capital is.

VI. Conclusion

With joint stock company 32 with more than 30 years of

experience, the company's development is quite sustainable and
the company's financial situation is quite stable and transparent.

The most developed and most stable year is 2022, although the
difference is not too high compared to the other 2 years