GEEK CODE
GEEK CODE
Geek Code Computer Accessories Shop is a computer accessories shop based in Iligan City that aims to create an ideal workspace by offering Desk Mats and Mouse Pads. Geek Code's market niche comprises gamers, art enthusiasts, anime, and K-Pop fans aged 13 to 30 years. The company has an advantage in the local computer accessories industry since it is the first to sell stylish and thick mouse support mats in the city. In terms of its financial performance during its 8-month business operation, Geek Code was able to earn a net profit of ₱2,727.43 and has an ending cash balance of ₱6,722.03. The following are the ratios used by Geek Code to assess its financial performance. Geek Code has a return on assets of 19.05%, which is significantly higher than the average return on assets in the computer accessories industry, which is 2.80%. However, Geek Code's return on equity is 2.40%, which falls short by 2.30% compared to the average return on equity in the computer accessories industry. Therefore, there is a need to develop ways to ensure that both equity and assets are used efficiently. Its gross profit margin is 41.45%, and its net profit margin is 5.06%. Based on these financial indicators, Geek Code was able to sell its products successfully; however, the need to control and minimize expenses and/or increase the markup was seen as imperative. Geek Code's main concern is the need to change its suppliers to improve product cost efficiency. Marketing expenses also represent one of the largest contributors to the overall expenses of the company, so Geek Code has to devise more cost-efficient marketing strategies. Throughout its operations, Geek Code was able to participate in several on-campus and off-campus bazaars/events and engage with the community through its corporate social responsibility activities. The computer literacy CSR event titled "Essential Innovations Accelerating Education: A Session on Helpful and Relevant Digital Tools for Studies," conducted on April 17, 2023, benefited the Grade 7 Night High School Students of La Salle Academy. The post-evaluation survey showed that 75% of the participants were satisfied with Geek Code's outreach event.
Ebreo, Lea
Galendez, Harvey Wayne Keir
Macas, Mary Nielle
Reambonanza, Karl James
Redoble, Guel Orlando
Geek Code
Computer Accessories Shop
Business Performance Report
Entrepreneurial Strategy Implementation
Business Practicum