Final Requirement Patrick Industries Inc and LCI Industries

Final Requirement Patrick Industries Inc and LCI Industries.

Background of the Company. Patrick Industry is a US-based multinational company involved in manufacturing and distributing several Original Equipment Manufacturing (OEMs), Recreational Vehicles (RV), manufactured housing and products. The organization mainly operates its business over states of the United States, China, Netherlands, Canada. It has evolved over 60 years, where evolutionary changes in the specific industry have been experienced several times. The industry involved in manufacturing recreational vehicles, household products are getting high demands and importance level in the current period. The organization has not only developed its business base effectively but also maintained its topmost position over the market competition. Even in adverse conditions of the business, the Patrick industry keeps getting enough facilitations from the manufactured housing industry..

Economic characteristic of the company. Patrick industry offers the different basic required products of households and other activities. Recreational vehicle, Original Equipment Manufacturing (OEMs), and manufactured household industry is posing high demand every day, where organization proper quality product offers high bargaining power to the organization. Customers are experiencing the need for and importance of Recreational Vehicles, Original Equipment Manufacturing, and manufactured housing industries where customers are forced to avail certain products and services. A large competitive rivalry is experienced by the Patrick industry, where similar kinds of products and services are offered by a major competitor like the LCI Industries or Lippert Industry . Patrick industry has developed a large business base over different countries. Such a successful international business base offers a low threat from the new marker entrance. A new organization may not be able to compete with the organization, especially in such adverse socio-economic conditions. A medium level of threat can be experienced in the case of substitute products, which the competitors mainly provide. Such competitive analysis over the Patrick industry would indicate certain characteristics for the business..

Company strategies. Patrick's industry also focused on several strategic implementations for dealing with market competition and adverse conditions. The organisation takes several strategies, and those are listed such as below. Jiang et al. (2020) suggested that strategic alliances are preferred the most in case of expanding business growth and possibilities over the existent and new markets. Competition with major competitors not only encourages the Patrick industry but also offers huge possibilities to conduct business in different conditions. Capacity and plant expansion would be one of the best strategic implementations for a manufacturer and distributor. Patrick industry also focused more on its branding, marketing and distribution throughout the international business background. Consideration of human capital management would also assist Patrick's industry to focus on further growth and strategic business implementations even in such adverse conditions..

Horizontal and Vertical analysis of financial statements.

Horizontal and Vertical analysis of financial statements.

Horizontal and Vertical analysis of financial statements.

Horizontal and Vertical analysis of financial statements.

Horizontal and Vertical analysis of financial statements.

Horizontal and Vertical analysis of financial statements.

Ratio Analysis of Financial Statements Liquidity ratio.

Ratio Analysis of Financial Statements Liquidity ratio.

Ratio Analysis of Financial Statements Solvency ratio.

Ratio Analysis of Financial Statements Solvency ratio.

Ratio Analysis of Financial Statements Turnover ratio.

Ratio Analysis of Financial Statements Turnover ratio.

Ratio Analysis of Financial Statements. Market value The market value of business entities can be considered as the amount of acknowledgement made from customers, shareholders, stakeholders and others. Organisational like Patrick Industry having good financial year statement, liquidity and turnover ratio would pose high market values..

Ratio Analysis of Financial Statements. Forecast of financial value A forecast of financial values is made based on its previous year’s financial statement and the financial trends. Such forecasting is essential over the Patrick industry not only for identifying growth possibilities but also for identifying potential risk over business initiations..

Financial data of Patrick Industries. As Of or for the Year Ended December 31, NET SALES GROSS PROFIT WAREHOUSE & DELIVERY EXPENSES SELLING, GENERAL & ADMINISTRATIVE EXPENSES OPERATING INCOME NET INCOME DILUTED NET INCOME PER COMMON SHARE WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED TOTAL ASSETS TOTAL DEBT SHAREHOLDERS' EQUITY NET CASH PROVIDED BY OPERATING ACTIVITIES NUMBER OF EMPLOYEES (thousands except per share and employees amounts) 2020 $2,486597 459,017 98,400 146,376 173,373 97,061 4.20 23,087 1,753,435 840,000 559,441 160,153 8,700 2019 422,871 98,055 134,466 154,442 89,566 385 23,280 1,470,993 705,000 497,481 192,410 7,500 2018 415ß66 74,996 128,242 178,415 119832 4.93 24317 1,231,231 661,082 408,754 200,013 8,113.

Consolidated balance sheet of Patrick Industries.

Financial data of Lippert Industry. rear Ended December 31 OPERATING DATA: Net sales Operating profit Income before income taxes Provision for income taxes(l) Net income(l) Net income per common share: Basic") Diluted(l) Cash dividends per common share FINANCIAL DATA: Working capital Total assets Long-term obligations Stockholders' equity 2016 $ 1,678,898 200,850 199,172 69,501 129,671 5.26 5.20 1.40 218,043 786,904 87,284 550,269 2017 214,281 212,844 79,960 132,884 5.31 5.24 2.05 235,066 945,858 111,100 652,745 2018 $ 2,475,807 198,788 192,352 43,801 148,551 5.90 5.83 2.35 349,069 $ 1,243,893 360,056 706,255 2019 $ 2,371,482 2m,210 191,414 44, 905 146,509 5.86 5.84 2.55 399,533 790,665 800,672 2020 $2,796,166 222,934 204481 51 ,041 154440 6.30 6.27 2.80 453,407 $ 2298,031 $ 973,311 $ 908,326.

Consolidated balance sheet of Lippert/LCI Industries.

Conclusion. Economic status is essential to be conducted over the organization to evaluate its growth and success possibilities. Patrick industry becomes a top name in Original Equipment Manufacturing (OEMs), Recreational Vehicles (RV), manufactured housing and products industry, where it poses certain competitive challenges from different factors even after enough success. Lippert industry can be considered a major competitor of the organization, where further comparative analysis can be preferred to understand its potential positions over the markets. Porter's five forces concept can be preferred, where certain competitive factors would analyse the Patrick industry. Several Financial analysis have been made over the Patrick industry and further compared with the major competitor, the Lippert industry, where most of those values favoured Patrick for further business growth and possibilities in upcoming years..