Cango Financials - 3220 Words

CanGo Analysis Final Report Lucrative Strategies Consulting Executive Summary This consulting report concerns CanGo’s attempt to establish new business ventures to enhance the vitality of the organization through entering the enormous electronic gaming industry that is rapidly expanding. There is a significant amount of demographics that will embrace the virtual world of On-Line Gaming, since electronic entertainment has been revolutionized through increasing access to interactive online gaming with access to high-speed internet. Thus more, global games industry revenues were at 60.4 billion in 2009 and expected to rise to 70.1 billion in 2015. The value of this proposition is to increase revenues, increase speed, expand†¦show more content†¦Intensity of competition is not going away. The gaming industry continues to have new players. Amazon continues to be the e-tailor leader, and eBay gives consumers a discounted choice. Marketing analysis is needed to understand if there is room for CanGo to grow or is the market saturated. Emerging startup companies with same desire as CanGo are offering consumer choice, expanding product offering, and completive pricing. Marketing Analysis U.S. On-line gaming users have showed a significant increase in the size of its audience during the past year as consumers increasingly opt for cheaper entertainment alternatives. The On-line gaming category attracted 87 million U.S. visitors in May 2009, up 22 percent versus the prior year. Below is a table of On-line gaming sources that shows the change of their total internet audience over a one-year period. |Top Online Gaming Sites | |May 2009 vs. May 2008 | | |Total Unique Visitors (000) | | |May-2008 |May-2009 |% Change |Show MoreRelatedCango Financial1127 Words   |  5 PagesCanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areasRead MoreCango Financial Ananlysis Essay1076 Words   |  5 PagesFinancial analysis of CanGo CanGo has been growing rapidly ever since its formation. It experienced a greater than expected growth in revenues. However, the company is faced with some financial difficulties and so there is a need to take certain financial decisions. Also, it faces problems of controlling logistics related to growth. Rapid growth seems to be a blessing. However, it depends on the company’s ability how they deal with it. The holiday season of 2009 showed the company’s inability toRead MoreCango Week 3 Financial Analysis803 Words   |  4 Pagesweek, NewGen had the opportunity to review CanGo’s financial statement. The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. NewGen leveraged our knowledge of Investment rations, breaking our analysis down into four (4) key areas, efficiency, financial leverage, liquidity and profitability. Attached you will find our financial analysis summary matrix. 1. Efficiency Ratio Read MoreFinancial Analysis of CanGo1656 Words   |  7 Pagesï » ¿The company of CanGo lack in many areas that prevents it from being a successful business in the future. Many problems can be found between its managers and employees. It is imperative for CanGo to better understand its company by making wiser business decisions in the future. One important recommendation for CanGo is to adopt a mission and vision statement. By creating a mission and vision statement, CanGo will have something to look forward to in the future. The mission and vision statement willRead MoreFinancial Analysis1076 Words   |  5 PagesCango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measuredRead MoreFinal Report - CanGo2177 Words   |  9 PagesExecutive Summary CanGo A successful internet startup company, CanGo has grown from a small retailer of books to an online retail hub where customers can purchase games, movies, music, and books. CanGo is looking to move forward into new and emerging markets such as online gaming while seeking to enhance their current operations through the use of technology. In order to help address any issues which may occur because of these proposed changes, CanGo has enlisted our consulting firm to help themRead MoreSwot Analysis : The Management Of The Customer s Needs ( Jit ) Inventory1814 Words   |  8 Pagesinventory (â€Å"Financial Information,† n.d.). Having such a high percentage of their sales coming from JIT inventory allows CanGo to keep their overhead expenses low while still ensuring their products are still available. One of the ways that this lowers their overhead is by reducing the warehouse space needed. Since most of the inventory arrives just in time to be shipped, there is no need to have a place to store it. Keeping their JIT inventory at roughly 80 percent also helps CanGo to serve theirRead MoreCango3111 Words   |  13 PagesCanGo Analysis Final Report Sherry Youngs, Alheri Gajere, Oksana Harbar, Hope Muhammad and Binish Maroof Be Bold Consulting Table of Contents Executive Summary 2 Analysis 2 SWOT Analysis (Oksana Harbar) 2 Market Analysis (Alheri Gajere) 5 Competitive Analysis (Binish Maroof) 7 Financial Analysis (Sherry Youngs) 8 Strategic Recommendations 9 Conclusion 9 Works Cited 10 Appendix 11 Be Bold Consulting has been invited to provide CanGo with solutions and recommendationsRead MoreStrengths And Weaknesses Of Swot1815 Words   |  8 Pagesinventory (â€Å"Financial Information,† n.d.). Having such a high percentage of their sales coming from JIT inventory allows CanGo to keep their overhead expenses low while still ensuring their products are still available. One of the ways that this lowers their overhead is by reducing the warehouse space needed. Since most of the inventory arrives just in time to be shipped, there is no need to have a place to store it. Keeping their JIT inventory at roughly 80 percent also helps CanGo to serve theirRead MoreCanGo Online Gaming Industry673 Words   |  3 PagesThe largest factor which must be examined in regards to CanGo entering the online gaming industry is the probability of success, which is measured by profit. Upper management must consider many financial factors that will be imperative to the overall success of the company. In order to implement the new sector into the company auspiciously, expenses in relation to human resources, supply and logistics management, marketing, and the procurement and deployment of new and existing technology/methodologies