Cango Vs Amazon Turnover Ratios
CanGo will have the chance to grow and keep growing more and more in future if they make themselves ready financially, train management, and staff to sell online. They should be able to have enough funds and tools for marketing, in order to market new online gaming in the right way. Having financial stability to grow the business is not enough, without having the strategic plans in place. The financial analysis of CanGo’s compared with the competitor like Amazon is very weak when it comes to revenue and sales value, but it has a lot of advantages for CanGo. For example, CanGo can become a partner with Amazon for online ordering throw Amazon website for basic commissions will be paid by CanGo, which is will help CanGo to increase their revenue within a year by at least 20% - 25%, also, will assess …show more content…
The turnover ratio for CanGo Inventory is .29, and the turnover ratio for Amazon Inventory is.11. Which is indicates that CanGo manages its inventory better than Amazon because the less turnover ratio you have the less overstocking inventory company has. So, we can say that CanGo has more an efficient performance than Amazon. Another factor of having high ratios can indicate a loss of sales or returns. Amazon debt to equity ratio is stands at .42 while CanGo debt to equity is stands at .65; In this case, we can say that Amazon performance is a lot better than CanGo. A high Debt to Equity Ratio generally means that a company has been aggressive in financing its growth with debt. Debt can come in the form of stocks, bonds, and loans that the company borrowed against. Amazon current ratio is 1.31, but CanGo current ratio is 5.33. In general we can see that CanGo is performing better in this area compared with their main competitor Amazon, because this ratio shows that CanGo is capable of repaying its debts and liabilities than
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377 Words | 2 PagesSo far, in almost 8 months the company is seeing business increase greatly; which is a win-win situation for the company and its stakeholders. CanGo is now in great position to expand their inventory. In addition to new and used books, CanGo is looking to start offering music downloads capabilities, magazines and more electronics such as IPad, tablet, and smartphones. CanGo will continue to use their Just-in-Time delivery (JIT) method. This process has proven to work well for the company
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1049 Words | 5 PagesCompetitive advantage has become an important part of doing business and staying in business because it’s what sets a business apart from its competitors. According to Aghamirian and Dorri, (2015) “Competitive advantage is a concept based on economic theories on competitiveness of organizations, emphasizing their particular value in resources that they dispose of, as well as the products and services offered in the market” (p. 65). The competitive analysis will help CanGo standout from its competitors, develop points of difference, recognize competitors, and reevaluate core competencies. CanGo’s major competitors are Amazon, Apple, and Walmart. Each company shares the market of selling books, CDs, music, and movies.
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55 Words | 1 PagesIn order to succeed CanGo needs to understand and know the online gaming market. KLM Consultants Inc. has conducted a thorough research of their (CanGo) market. This will allow CanGo to view the important aspects with regards to the market. Included will be the demographics, gender, target market, and overview of the online gaming market.
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652 Words | 3 PagesOur competitive analysis will help CanGo develop an in-depth understanding for each of their competitors. In order to enhance their position in the competitive market CanGo has to understand the objectives of each of its competitors. CanGo’s top competitors are Amazon and Xbox. Separately, CanGo’s competitors cannot offer the products and online gaming services that CanGo can offer. Amazon is an e-commerce tech giant that specializes in retail, video streaming, tablets, etc.
Swot Analysis For Cango
1033 Words | 5 PagesCanGo is a company that built it success upon book sales and has recently decided to enter the foray known as online gaming. This unique division of its attention leads to an interesting competitive analysis. On the one hand, their competitors within the book world must be accounted for. On the other, their new ones they will soon compete with in online gaming.
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1529 Words | 7 Pagesanalysis; only in the Bible does David beat Goliath. In the business world, Goliath crushes David. Accentuating the positives and hiding the negatives is the most crucial part of competitive analysis. CanGo has a few strengths that they enjoy in the marketplace. For one, CanGo has is emerging as an online music and gaming option for both American and international consumers.
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1594 Words | 7 Pagesis an online retail organization that deals with a wide range of products such as electronics, books, magazines, foodstuff, house-ware, clothes, shoes, etc. The company’s position in the field of online business is attributed to strategies such as organizational culture, human resource and cost policies. 2 ×2 SWOT Matrix Helpful
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Amazon Competitor Analysis
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940 Words | 4 PagesIn order to achieve its goal, Amazon implements some strategy during their planning stage, namely cost leadership strategy and differentiation strategy. 2.1.1.1 Cost leadership Strategy Amazon is implementing cost leadership strategy as its core strategy in serving its customers. The company has enormous number of warehouses and processing capabilities, which provide the company physical economies of scale. (ACCA, 2015)
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