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Annual Report Canon U.S.A., INC. Charee Turner ACG2021.080. Executive Summary. Though Canon’s growth is suffering with the rest of America’s economy, it’s still growing. This company will survive and thrive through it’s struggle. http://opd.usa.canon.com/html/ciw/investor_relations/index.html.
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Though Canon’s growth is suffering with the rest of America’s economy, it’s still growing. This company will survive and thrive through it’s struggle.
The industry for Canon U.S.A., Inc. is moving up but at an extremely retarded rate. Due to the economic strains in America, investors are wary of future events. However, Canon continues to push on with new technologies http://www.canon.com/technology/index.html and developments http://opd.usa.canon.com/html/ciw/investor_relations/index.html in order to keep the industry moving, even if it is at a snail’s pace.
Multistep Income Statement Format
The increase of these amounts show that Canon is growing as a whole, but at a relatively slow rate.
In millions of yen
The largest increase was in Assets, the next largest in Stockholder’s Equity. Liabilities considerably less of a change. This is how I would see my own company run, had I one.
Cash flows from operations are more than net income for the past two years.
The company is not growing through investing activities, i.e., buying property, plant and equipment and other long lived assets.
The company’s primary source of financing is stock sales.
Overall, cash has increased over the past two years.
The company and it’s domestic subsidiaries maintain their books of account in conformity with financial accounting standards of Japan. Foreign subsidiaries (which would include Canon U.S.A., Inc.) maintain their books of account in conformity with financial accounting standards of the country of their domicile.
In my opinion, inventory is being held for too long. Something needs to be done to increase sales.
The return on equity is fine, but I would like to see a higher return on assets and a larger asset turnover.
2003 – 61.9%
Debt to equity has decreased almost 10%. This is the mark of a growing business.
2003 – 19.8
2003 - .81%
The stock has become more valuable and the dividends more profitable.