Executive summary This individual project is designed for a comparison study of two well know Australia companies that is Billabong international Limited (BBG) and Woolworths Limited (WOW). The report is briefly introduced those two companies’ core business and the name of their subsidiaries. Subsequently, the report provides statistics for instance like market capitalization and PE ratio based on the share price at 10th January 2013 for both companies through the Australian securities exchange website. More importantly, this report will figure out the working capital of each company in several years in order to common on trends of working capital within the company operation. Plot will be also used to illustrate the changes of those ratios in each company. Finally a general comment of each company’s operation will be made depend on the ratio information of those companies.

Part 1: About Billabong international limited (BBG) was established in 1973 on Australia’s Gold Cost by surfer and surfboard shaper Gordon Merchant and his then partner, Rena. BBG Limited’s core business is the wholesaling and retailing of apparel, eyewear, accessories, swimwear and other product distributed through board sports. The company is distributed through 100 countries which Australia, North America, Europe, Japan, New Zealand, South Africa and Brazil are those countries which the company generate the most revenue from. The principle subsidiaries are “Von Zipper”, which specialized in sunglasses and snow, goggles. “Element”, which is the leading brand for skateboarding apparel and accessories. Other subsidiaries like Honolua Surf Company; Kustom; Palmers Surf; Xcel; Tigerlily; Sector 9; DaKine and RVCA offer products including t-shirts, jackets, sweaters; shorts, pants and jeans; backpacks and other products. The cross over subsidiaries like “Element” and Sector 9