Financial Analysis and Forecast of Volkswagen Group

Research Article
Open access

Financial Analysis and Forecast of Volkswagen Group

Miao Yan 1*
  • 1 The Hong Kong Polytechnic University    
  • *corresponding author mrj0607@wmich.edu
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/42/20232080
AEMPS Vol.42
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-105-6
ISBN (Online): 978-1-83558-106-3

Abstract

With the development of the global economy and the improvement of the technology level, the integration of information technology and the manufacturing industry has accelerated. The global manufacturing sector is moving in major directions as a result of digitalization, networking, and intelligence. The auto industry is also innovating, and artificial intelligence and new energy have accelerated the innovation and change of the auto industry. How automotive companies can improve their profitability and gain advantages in the competition during the transition period has become a key issue. This paper takes Volkswagen (VW) Group as the research object and analyzes its relevant indicators in FY2022, and also selects enterprises in the same industry for comparison. The current financial situation of VW Group is analyzed in terms of solvency, operating capacity, and profitability. The financial indicators such as total debt ratio, profit margin, total asset turnover ratio, and return on equity are used to make a comprehensive assessment of VW Group's financial status. With the gradual diversification of corporate sales revenue, revenue measurement, and recognition have become more complex. This paper also accounts for elements such as revenue and intangible assets of VW Group to make sure accounting data is accurate. The analysis is conducted from the perspective of corporate strategy to understand the strategic objectives and future direction of the VW Group. The VW Group's risks and difficulties are evaluated and projected within the framework of the overall company plan.

Keywords:

automobile manufacturing industry, financial analysis, strategic forecast

Yan,M. (2023). Financial Analysis and Forecast of Volkswagen Group. Advances in Economics, Management and Political Sciences,42,61-68.
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References

[1]. Volkswagen Group Annual Report 2022. Annual Media Conference (2023).

[2]. Campbell, P.: Peter Campbell, VW to build $2bn electric vehicle plant in South Carolina. Financial Times (2023).

[3]. Miller, J.: Joe Miller, VW defends timing and structure of Porsche IPO. Financial Times (2022).

[4]. Jung, J. C., & Sharon, E.: The Volkswagen emissions scandal and its aftermath. Global Business and Organizational Excellence, 38(4), 6–15 (2019).

[5]. Mercedes-Benz Group. Full Year Results and Annual Report 2022. https://group.mercedes-benz.com/investors/reports-news/annual-reports/2022/, last accessed 2023/06/20.

[6]. BMW Group Reports. https://www.bmwgroup.com/en/investor-relations/company-reports.html, last accessed 2023/06/20.

[7]. Ford Motor Company - Investors - Reports & Filings. https://shareholder.ford.com/Investors/financials/default.aspx, last accessed 2023/06/20.

[8]. Trinkler, A.: Analyzing the case of Volkswagen and the transition to electric vehicles in 2020- mobility as a service. Nova School of Business and Economics (2021).

[9]. Gaultier, C., & Marcello, K.: Volkswagen Group Supply Chain Analysis in Europe. African Journal of Emerging Issues, 3(8), 1-10 (2021).

[10]. Nakata, Y.: Japanese and Western Organizational Knowledge Creation: Comparative Research of "Modularization Strategy" of Nissan and Volkswagen. Transactions of the Academic Association for Organizational Science, 7(2), 410-415 (2018).

Cite this article

Yan,M. (2023). Financial Analysis and Forecast of Volkswagen Group. Advances in Economics, Management and Political Sciences,42,61-68.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN：978-1-83558-105-6(Print) / 978-1-83558-106-3(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.42
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Volkswagen Group Annual Report 2022. Annual Media Conference (2023).

[2]. Campbell, P.: Peter Campbell, VW to build $2bn electric vehicle plant in South Carolina. Financial Times (2023).

[3]. Miller, J.: Joe Miller, VW defends timing and structure of Porsche IPO. Financial Times (2022).

[4]. Jung, J. C., & Sharon, E.: The Volkswagen emissions scandal and its aftermath. Global Business and Organizational Excellence, 38(4), 6–15 (2019).

[5]. Mercedes-Benz Group. Full Year Results and Annual Report 2022. https://group.mercedes-benz.com/investors/reports-news/annual-reports/2022/, last accessed 2023/06/20.

[6]. BMW Group Reports. https://www.bmwgroup.com/en/investor-relations/company-reports.html, last accessed 2023/06/20.

[7]. Ford Motor Company - Investors - Reports & Filings. https://shareholder.ford.com/Investors/financials/default.aspx, last accessed 2023/06/20.

[8]. Trinkler, A.: Analyzing the case of Volkswagen and the transition to electric vehicles in 2020- mobility as a service. Nova School of Business and Economics (2021).

[9]. Gaultier, C., & Marcello, K.: Volkswagen Group Supply Chain Analysis in Europe. African Journal of Emerging Issues, 3(8), 1-10 (2021).

[10]. Nakata, Y.: Japanese and Western Organizational Knowledge Creation: Comparative Research of "Modularization Strategy" of Nissan and Volkswagen. Transactions of the Academic Association for Organizational Science, 7(2), 410-415 (2018).

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