FINANCIAL STATEMENT ANALYSIS OF CHEVRON LUBRICANTS LANKA PLC FROM YEAR 2018-2022
FINANCIAL STATEMENT ANALYSIS OF CHEVRON LUBRICANTS LANKA PLC FROM YEAR 2018-2022 1. Introduction A company's financial statements are compared and evaluated annually to understand its performance and growth. The financial statements represent a summary of important financial data of all business activities throughout the year. Public limited companies include four main statements in their annual reports: the income statement, the balance sheet, the cash flow statement, and the statement of equity. Financial statement analysis can be evaluated for the current, past, or future performance. It can compare the same type of data yearly or important relationship between two kinds of data in the same year in the same company or compare data in different companies (competitors). Financial statement analysis includes horizontal analysis, vertical analysis and ratio analysis are the most used techniques in financial statement analysis. It helps to in...