The Role of Financial Analysis in Evaluating the Financial Performance of Saudi Food CompaniesApplied to Almarai and Nadec during the period 2022-2024
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Abstract This study examines the role of financial analysis in evaluating the performance of Saudi food companies, focusing on Almarai and Nadec during the period 2022–2024. The research problem centered on how effectively financial analysis is recognized as a tool for performance evaluation and what areas it covers, as well as the steps required after completing the analysis. The study aimed to clarify the concept, importance, and types of financial analysis, along with performance evaluation methods. It also assessed the financial performance of both companies in terms of liquidity, profitability, activity, and indebtedness. The findings showed that Almarai outperformed in sales profitability in 2022 and 2023, while Nadec achieved a remarkable improvement in 2024. Results also indicated that Nadec was better in asset investment returns in 2022 and 2023, whereas Almarai led in 2024. The study recommends that both companies maintain their strong return-on-investment levels achieved during the study period, as they reflect high operational and financial efficiency
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