Friday, October 18, 2019

Multi-national operation and risk management of Renishaw plc Essay

Multi-national operation and risk management of Renishaw plc - Essay Example It also deals in production of healthcare products. Among what it produces are medical devices, surgical robots, and planning software used for stereotactic neurosurgery for products. The company manufactures dental CAD/CAM and stereotactic neurological systems. The company sent its products to all markets in the world (Thomas 2012). This is a company with its base in the UK and has operations throughout the world. Renishaw Plc offers services in 35 key markets, including Australia, Europe, United States, and Japan among others. The UK and Germany are two of its largest markets (Grant 2007). Especially the Western Europe markets, which are the largest source of purchasing power accounting for 28% of the worldwide total in 2012. In addition, the company has more than 60 offices in 32 countries with 94% of its sales realized outside the UK. The reputation as exhibited by the company has made it receive numerous awards among them the fifth Queen’s Awards (Grant 2007). This is a public company listed in the London Stock Exchange with an employee base of over 3,092; it is also a constituent of FTSE 250 Index. However, this number grows progressively at the rate of 11.8% yearly. This is partly because of the business in which the company is engaged in of manufacturing an assortment of test-probe and measurement system that are applied in industrial operations. Its latest sales as at June 2013 were recorded at $ 527.5 Million with a growth of 1.8% from the previous year’s sales figures. Its net income was recorded at $ 105.6 Million with an income growth of 2.8% annually. The firm as well gains its competitive strengths from its competitors, which include - Badger Meter, Inc; Euro Tech Holdings Company Limited; Controlotron Corporation among many others (Aguilar 2004). Financial Ratio Analysis is a technique that is employed when analyzing the financial performance of a

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.