It is simple and easy to use. ProwessIQ provides charting tools and well-formatted reports on performances of companies. The reports provide financial information including analytical ratios and benchmark comparisons. Downloads of source documents interim results, ratings rationales and annual report extracts are part of the service. What is ProwessIQ? ProwessIQ is an interactive querying system to find companies from the Prowess database.
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They provide a wealth of information about the company but not strictly in a directly consumable form which can be used by various stakeholders such as analysts, creditors, lenders, management, investors, owners, shareholders and even government officials. Ratio analysis is the only way in which this mass of information can be organised into a consumable and meaningful form. Ratio analysis helps give meaning to the absolute figures in the financial statements of companies.
Ratios are quantitative tools that enable evaluation of the financial performance of the company. They help understand important parameters of the financial performance of the company such as profitability, liquidity, solvency, asset utilisation and so on and so forth.
Performance measurement using ratios helps in forecasting trends in the financial performance of the company. Besides fundamental analysis, ratios facilitate financial evaluation of the worth of an enterprise.
Ratios facilitate inter-firm as well as intra-firm comparison of the financial performance of companies. With the help of ratios, it is possible to analyse the performance of one company over the years. Similarly, ratios also facilitate comparison of the financial performance of one company with the financial performances of other companies.
PraXis aims at simplifying learning of ratios for students using financial data of companies from the real corporate world so that they are well conversant with the subject when they step out into the real world.
Importance of ratio analysis
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