Financial management and performance evaluation of AKH Group

Abstract

AKH is a one-stop source for overseas buyers to buy their high quality knit and woven garments from Bangladesh. They started in 1997 when this business was very tough but their exports continued to increase. AKH exported for the first time in 1997; it was worth 1.3 million US dollars. In 2018, it increased to about 300 million dollars. They have figured out Their export would continue to grow in the same way over the years to come yet. With the export, AKH group is growing vertically and horizontally. To strengthen their undertakings with a desired impact of synergy, by now, besides garment making in both woven and composite knit including fleece, AKH group have successfully flourished in the areas like knitting, accessories producing, clearing & forwarding as well as cargo carrying by the covered vans owned by AKH Group. Ensuring product quality with no compromise, AKH maintains delivery deadlines with extreme professionalism. Now, AKH moves forward through the way where ethical practices, health & hygiene, safety, security and green environment meet the appropriate meanings for the optimum satisfaction of the value-chain members in the world market. With sporting spirit, AKH pursues progress as a matter of unending self-actualization. Thanks to our valued customers for their trust on us, we have been enjoying a continuous healthy two-digit yearly growth for long and so implementing expansion almost on a regular basis. Since the financial ratio provides the results for any organization, I had prepared the financial ratios based on the data provided by AKH management to determine the results and derive on the conclusion. During my tenure at AKH Group, I came across different resources and persons who guided me, motivated me and shaped my outlook towards a corporate along with the industry. The time spent in AKH is worthy since it has given me the opportunity to explore myself, identify my shortcomings, rectification of errors, guidance on thing make happen. Meeting deadlines, punctuality, timeliness and respect at work to each other from all levels of the entity. The skill and knowledge gathered from AKH will allow me to do my jobs in better way along with integrity and forecasting ability. The knowledge learnt their will give me the confidence for making decisions and act as a team member. The company's finances have gotten better, and they expect to make more money and have more profits in the next fiscal periods. But the falling of ROE and NPM in 2023 show that the company needs to make some strategic changes to keep the profit at the expected level to ensure a steady return for shareholders. The high dividend retention ratio except for FY 2023 suggests that the company is focused on reinvesting for future growth.