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An analysis of the causes of the bankruptcy of Transaero Airlines based on the DuPont Analysis ------ Comparative analysis with Aeroflot and Ural Airlines

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DOI: 10.23977/ferm.2022.050507 | Downloads: 400 | Views: 2245

Author(s)

Yubo Yan 1, Yumeng Chen 1

Affiliation(s)

1 Department of Economics, St. Petersburg State University, St. Petersburg, 199034, Russia

Corresponding Author

Yubo Yan

ABSTRACT

This paper uses DuPont Analysis to conduct a comparative analysis of the financial data of Transaero Airlines in order to explore the causes of its insolvency. The author first briefly describes the possible causes of its bankruptcy, then use the DuPont Analysis to compare the return on equity, net profit margin, total asset turnover and equity multiplier of three airlines respectively, and finally find that there are many clues to the bankruptcy of Transaero Airlines due to its poor profitability, solvency and operating capacity.

KEYWORDS

DuPont Analysis, return on equity, net profit margin, total asset turnover, equity multiplier

CITE THIS PAPER

Yubo Yan, Yumeng Chen, An analysis of the causes of the bankruptcy of Transaero Airlines based on the DuPont Analysis ------ Comparative analysis with Aeroflot and Ural Airlines. Financial Engineering and Risk Management (2022) Vol. 5: 47-52. DOI: http://dx.doi.org/10.23977/ferm.2022.050507.

REFERENCES

[1] Federal court to investigate fraudulent financial reporting and collusion with banks by Transaero Airlines (СК проверит «Трансаэро» на махинации с отчетностью и сговор с банками). - URL: https://www.audit-it.ru/news/ audit/842434.html/
[2] He Jiayuan. Analysis of corporate operating capacity under DuPont Analysis--Qingdao Haier as an example [J]. Business Accounting, 2016(12):37-39.
[3] Su Lihua. Research on the improvement of DuPont Analysis based on sustainable growth and profitability of enterprises [J]. Financial Accounting Research, 2017(12):44-47.
[4] Data source: SPARK (SPARK) database.- URL:https://spark-interfax.ru/#_top
[5] Dong Zikun. The application of DuPont Analysis in enterprise financial analysis [J]. Modern Economic Information, 2016(16): 180-181.
[6] Lu Cheng, Lin Chuqi. The application of DuPont Analysis in financial analysis [J]. Business Accounting, 2016(07): 53-55.
[7] Chen Yingying. Application of DuPont Analysis in the financial analysis of listed companies [J]. Northern Economic and Trade, 2015(05): 171+173.

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