Financial Statements Of Dillard 's Inc Essay

The following financial report provides an analysis of the financial ratios of David Jones with its close competitor in the retail sector, Myer. The financial ratios analyzed include profitability ratios, leverage ratios, efficiency ratios and market ratios for the two companies. The analysis utilizes individual company time-series analysis as well as industry cross-sectional analysis with the aim of determining the competitiveness of David Jones relative to its close competitor Myer.

Due to the economy downturn period, Macy’s and many other retailers were suffering. Fortunately, Macy’s has chosen the beneficial marketing strategy to fit the objective of business. This paper will analyze the company’s situation from its financial aspect, industry aspect, the competitive part and Macy’s marketing strategies to conclude that Macy’s could have stable profit in the next three to five years.

Macy’s Inc. ratio was .02 and JC Penny Co. Inc. was .00. To improve this ratio, both companies need to improve on their net income. If JC Penny doesn’t continue to improve its net income, then this ratio will begin to lean negative, signaling the company is losing money for every dollar is sales and may not be good investment. Macy’s Inc. still has room before it hits .00, however, if their net income continues to fall, they soon too may have the same profit margin ratio as JC Penny Co. Inc. Shutting down unsatisfactory stores – as each company is doing – may help improve this ratio as well. With less funding going to these stores, such as salary’s, rent, and wasted inventory, they will be able to improve their net income value.

The purpose of this report is to evaluate the stock price of Wal-Mart Stores Inc. (which ticker symbol in NYSE is WMT) by fundamental analysis. According to this analysis, I recommend that Wal-Mart is worth to invest in the long term because of the potential growth of market shares and revenue. Besides, based on P/E method and Gordon model, WMT price is undervalued; therefore, if investors buy the stock, they will get benefit not only in capital gain but also in dividend cash inflow.

Lowe’s is the 14th largest retailer in the United States and is presently planning aggressive expansion, opening a new store on average every three days. Lowe's revenue growth is primarily a function of penetration of the market increase resulting from a burst of new locations instead of the same store sales. Although Lowe’s has grown tremendously, it remains half the size of Home Depot and has serious debt burden that increases its risk level drastically. Lowe’s is Home Depot’s largest competitor because both companies have the same products, services, and enormous warehouse formats. In this major retail market Lowe’s and Home Depot stores go toe

The companies that were chosen for a company analysis include Macy’s, Kohl’s, and Burlington. Since the retail industry has been lagging behind lately, these companies will help determine the prospective financial investment in the retail industry. As Macy’s as our primary company, we chose Kohl’s and Burlington to be the two comparative companies. These companies are comparable due to the same SIC code of 5311 in the subgroup of department stores. These companies offer similar products and services with little differentiation between the three.

In conclusion, financial statements of Dollar General present the increase in company’s profitability and sales over the last two years, they reduced their expenses as well. The only information that the statements do not disclose is which brands of merchandise increased their sales, and what was the cost of goods sold compared to the profit they made. Since the company was concerned about promotion of their private brand it would be helpful to know what percent of sales does their private brand make comparison to other brands. Nevertheless, the long-term liquidity risk does not look as safe. The company will have to show the stability in its ratios overtime to insure investors that it has low risk and is able to repay its debt in a long run as well as maintain stable

INVESTools should definitely capitalize these expenses. The practice of not capitalizing these expenses has led to routine recording of net losses

In the Table __ and Fig __, you can see how the company has been performing. The overall profitability of the company has increased. Profitability ratios have increased since 2010. In particular, Harvey Norman’s Gross Profit Margin saw a significant growth, it grew 44.7% since 2010. Operating Profit Margin saw a similar result, finishing with a ratio of 10.5 in Financial Year 2015. Harvey Norman’s Net Profit Margin (when positive), have been at best maximum and are further illustrative of the paper-thin margins typically associated with the retail sector. Investments of Return on Assets (ROA) and Return on Equity (ROE) were also substantial, comparing 2010 and 2015 there was a relative decrease in ROA and ROE which doesn’t make much of a difference if the Gross Profit Margin has a strong game. Thus, on the basis of the financial results over the last 6 years, shareholders would definitely be confident about investing in Harvey Norman, unless there is a decline in current asset and equity returns.

As one of the major retailers in the United States, JCPenney has 1,104 department stores in 49 states and Puerto Rico as of February 2, 2013. The key success of its business is tremendously depending on the sales performance. However, the retail business is highly competitive, with low barriers to entry and low profit margin. Due to large sales plunge in 2012, the company is in financial trouble. The thorough analysis of JCPenney’s financial statements is vital to judge the future performance of its business.

This memorandum is based on the findings of my review of Big Time Publishing & Printing Inc and its’ current year financials. The overview of my assignment was to identify areas of concern by looking at ratios, trend analysis, and reasonable analysis. My main goal was to find areas which would take up additional time and/or require further investigation when we conduct the actual audit. I also compared Big Time’s financials with the industry’s current average to give me a better understanding of what the norm is.

In this paper I will discuss Macy’s Incorporated by analyzing their business level strategies to determine which I think is the most important to their long term success and if I think it is a good choice. I will analyze their corporate level strategies to determine which I think is the most important and whether or not I believe it is a good choice. I will analyze the competitive environment to determine the corporations’ most significant competitor and compare the two companies’ strategies at each level and evaluate which company I think is most likely to succeed in the long term. Once the

at this point since the result was hard to predict on the appeal. On January

The following is a careful analysis of Office Depot’s financial statements. The intent is to determine whether the company is financially stable. According to the Dun & Bradstreet website, there are three different groups of financial ratios that can be used (Fourteen Key Business Ratios Used by D&B, 2001). All of the financial ratios are put into either the solvency group, the efficiency group, or the profitability group (Fourteen Key Business Ratios Used by D&B, 2001). Each of those groups contains several different financial ratios that can be used to determine the company’s financial position. First the company will look at some key financial information directly related to its current financial position.

For this research I need financial information from the Balance Sheets and Financial Statements of listed non-financial firms. According to the previously discussed theory, entrusted loans can be tracked down on the lender 's side more easily, not only because of the distinctive movement in their balance sheets, but because bigger, listed corporation usually face much stricter reporting obligations, thus it is easier to acquire their financial data. The Standard and Poor 's Capital IQ database (Standard and Poor 's, 2015) provides financial data on listed corporations all around the globe. It has a great coverage of data across countries and time periods for all sectors. All the data is provided in million US dollars. The database uses the Global Industry Classification Standard (GICS) (Standard and Poor 's, 2008), which categorizes firms into 10 sectors, with further sub-groups for better transparency. Since I am only interested in non-financial corporations, firms, whose principal activity is not finance, such as a telecommunication or a railway company, I have to drop all financial companies from my sample. GICS designates the financial sector with the number 40(Standard and Poor 's, 2008), thus non-financial corporations are defined as firms, whose industry classification is not equal 40. As it is very important to only have non-financial corporations in my sample, any firms with ambiguous or missing industry classification, was dropped.