특급호텔의 재무비율 차이분석에 관한 연구

This study aims to figure out financial position of first level five star hotel and second level five star hotel using financial statements, and also to extract useful information for financial decision making. As a result, for first level five star hotel, current ratio and quick ratio, which demonstrate short term solvency, have increased constantly to reach stability condition, while those ratios have decreased in second level five star hotel. As lack of liquidity may cause default risk, it needs to be improved. Second, in terms of profitability analysis, generally first level five star hotel had higher profitability than second level five star hotel. In terms of net loss, 16 first level five star hotels had recorded net loss in 2008, while the number became 7 in 2010. And, 14 second level five star hotels had recorded net loss in 2008, while the number became 10 in 2010. That shows the improvement of earnings. In terms of growth, growth rate of stockholders equity increased in average thanks to gain on revaluation of property, plant and equipment. Third, total asset turnover in the activity analysis, first level five star hotel had higher fixed asset turnover than the second level five star hotel, which demonstrated that first level five star hotel had operated fixed assets more efficiently. On the other hand, second level five star hotel had better inventory turnover and receivables turnover that showed second level five star hotel performed operating activity more efficiently, and controlled trade receivables well.