The analysis of the financial statements provides insight into the information that provides insight into the operations of the observed company. During the analysis, it is possible to determine the previous business of the company as well as the opportunities and limitations for future business plans and projects. The focus of this paper is on the analysis of the business of Čepin oil factory d.d., a processing and production company in the Republic of Croatia, whose primary business is the production of sunflower oil. The paper theoretically explains and practically applies the procedures for analyzing financial statements of the Čepin oil factory for the period from 2016 to 2019. The basic financial statements that are the subjects of the analysis are the balance sheet and income statement, with financial indicators of liquidity, indebtedness, activity, economy, profitability and investment. For a more detailed insight into the business, an analysis of strenghts, opportunities, weaknesses and threats (SWOT) analysis of the Čepin oil factory was conducted. The main goal of this paper is to analyze the business of Tvornica ulja Čepin d.d. through a quantitative presentation of the movement of items in the income statement and balance sheet, and changes in their percentages during the observed period, using the basic instruments and procedures of analysis of financial statements. The purpose of this paper is to provide a conclusion on the success of the company Tvornice ulja Čepin based on the conducted analyzes. The conducted analyzes lead to the conclusion that the factory's operations for the period 2016 to 2019 have positive trends. This is confirmed by the positive financial results achieved during the observed period.