CFA® Level 1: Financial Statement Analysis Masterclass

Get an exam-focused walkthrough of CFA® Level I Exam ratio analysis, from liquidity and turnover to ROE via DuPont and ROIC, with step-by-step, high-difficulty examples. You’ll learn to read stems first, pick the right formulas, and interpret results (operating vs financial risk, cash conversion cycle, P/E pitfalls). What’s inside: 01:27: Agenda: Ratios, EPS, Cash Flows, Leases 02:24: UWorld Approach: Lectures + Live Problem Solving 04:44: Why Ratios Matter: Risk, Valuation Inputs 06:59: Operating vs. Financial Risk Fundamentals 11:00: Read the Stem First + Key Turnover Formulas 15:53: Operating vs. Cash Conversion Cycle Explained 17:22: Payables Turnover Example (COGS/AP = 2.5x) 19:50: Inventory Turnover Example (COGS/Avg Inv = 1.07x) 21:44: ROE via 3-Stage DuPont (PM × TAT × DFL = 8.1%) 27:10: Five-Stage DuPont: Operating, Interest, Tax Burdens 31:01: Trend Analysis: ROE ↑, ROA ↓ (Leverage Effects) 33:40: Low Asset Turnover in Manufacturing 37:51: ROIC (NOPAT/Total Capital) Walkthrough 44:42: Multiples: Interpreting P/E and Earnings Quality 46:59: Liquidity Ratios: Current vs. Quick (Trend Calc) 51:00: Backing Into Ending Inventory (Using AP Turnover) 55:51: Optimal Financial Leverage: Ability and Willingness Want more CFA content? https://finance.uworld.com/cfa/ Say hi: LinkedIn:   / uworld-finance   Instagram: https://www.instagram.com/uworldfinan... X:: https://x.com/uworldfinance