Flora-Stats Annual Report 1998

Executive Summary

# Typical WF&FSA
Dist.
High Profit
WF&FSA
Typical Sales Volume $3,638,101 $3,875,758
Strategic Profit Model Ratios # #
Profit Margin (Pre-tax) 2.0% 5.6%
Asset Turnover 3.7 4.3
Return on Assets (Pre-tax) 7.6% 24.0%
Financial Leverage 1.6 1.7
Return on New Worth (Pret-tax) 12.0% 40.2%
# # #
Income Statement # #
Net Sales 100.0% 100.0%
Cost of Goods Sold 67.8 66.2
Gross Margin 32.2 33.8
Operating Expenses # #
Total Payroll Expenses 18.9 17.6
Total Occupancy Expenses 4.1 3.7
Total Other Operating Expenses 7.8 6.9
Total Operating Expenses 30.8 28.1
# # #
Operating Profit 1.4 5.7
Other Income/Expense 0.8 0.3
Profit Before Taxes 2.0% 5.6%
# # #
Financial Ratios # #
Current Ratio 2.6 2.0
Quick Ratio 1.7 1.5
Accounts Payable to Inventory 98.6% 140.6%
Accounts Payable Payout Period (Days) 29.9 28.8
Debt to Equity 0.6 0.7
EBIT To Total Assets 8.2% 25.4%
Times Interest Earned 13.0 18.6
# # #
Asset Productivity Ratio # #
Average Collection Period (Days) 47.5 39.5
Inventory Turnover (Times) 11.1 13.4
Inventory Holding Period (Days) 32.8 27.3
Gross Margin Return on Inventory 544.8% 812.5%
# # #
Growth & Cash Sufficiency Ratio # #
Growth Potential Index (GPI) 16.8% 52.7%
Cash Cycle (Days) 50.4 38.0
# # #
Operating Productivity Ratios # #
Sales Per SKU $940 $1,131
Sales Per Customer $9,770 $12,236
Sales Per Order $127 $169

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