BFIN 367 · Ongoing Analysis Project

Follow the Companies Across the Course

Use Parker Hannifin and Illinois Tool Works financial reports to apply each module's concepts, calculate key measures, compare results, and build an integrated financial analysis over the semester.

OAP Sequence

Choose an Analysis

10 OAP Activities

1-PH

Foundations

Parker Hannifin Financial Statements

Build the financial statements, test articulation, examine common-size results, and establish the Parker Hannifin baseline.

Open OAP 1-PH 1-ITW

Foundations

Illinois Tool Works Financial Statements

Build and articulate ITW's statements, evaluate common-size relationships, and establish the second company baseline.

Open OAP 1-ITW 3

Comparative Analysis

DuPont and Operating Performance

Compare PH and ITW using operating and financing components, profitability drivers, leverage, and the DuPont framework.

Open OAP 3 4

Risk Analysis

Credit Risk and Financial Strength

Evaluate liquidity, leverage, coverage, Moody's-style credit measures, and Altman risk indicators for both companies.

Open OAP 4 5

Revenue Analysis

Revenue, Segments, and Receivables

Analyze revenue growth, segment and geography disclosures, receivables, deferred revenue, DSO, and cash-flow implications.

Open OAP 5 6.1

Working Capital

Inventory and Operating Efficiency

Compare inventory methods, turnover, DIO, receivables, payables, working-capital timing, and cash conversion cycles.

Open OAP 6.1 6.2

Long-Lived Assets

PP&E and Intangible Assets

Evaluate asset turnover, useful life, asset age, goodwill, acquired intangibles, impairment, and amortization disclosures.

Open OAP 6.2 7

Liabilities

Operating Liabilities and Debt

Analyze warranty obligations, operating liabilities, debt structure, fair value, maturities, contingencies, and financing risk.

Open OAP 7 8

Shareholders' Equity

Equity, Treasury Stock, and Dividends

Examine capital structure, shares outstanding, treasury stock, dividends, payout, yield, EPS, and market-to-book relationships.

Open OAP 8 9

Investments

Investments, Acquisitions, and Divestitures

Trace marketable securities, equity-method investments, acquisitions, goodwill, divestitures, and changes in investment accounting.

Open OAP 9

One project, repeated analysis. Each OAP applies the concepts covered in that part of the course to the same two companies so your analysis becomes more complete over time.