Flora-Stats Annual Report 1999

1999 WF&FSA Executive Summary

Typical Sales Volume Typical
WF&FSA

$3,631,314
High Profit
WF&FSA

$3,276,516

STRATEG IC PROFIT MODEL RATIOS

Profit Margin (Pre-tax) 2.3% 6.4%
Asset Turnover 3.2 4.0
Return On Assets (Pre-tax) 7.4% 25.6%
Financial Leverage 1.6 1.3
Return On Net Worth (Pre-tax) 11.8% 33.3%
INCOME STATEMENT
Net Sales 100.0% 100.0%
Cost of Goods Sold 67.8 67.6
Gross Margin 32.2 32.4
Operating Expenses
Payroll Expenses 19.6 6.9
Occupancy Expenses 3.8 3.8
Other Operating Expenses 7.1 5.9
Total Operating Expenses 30.5 26.6
Operating Profit 1.7 5.8
Other Income/Expenses 0.7 0.6
Profit Before Taxes 2.3% 6.4%
FINANCIAL RATIOS
Current Ratio 2.0 3.5
Quick Ratio 1.3 2.7
Accounts Payable to Inventory 89.8% 85.5%
Accounts Payable to Payout Periods (Days) 27.7 22.1
Debt to Equity 0.6 0.3
EBIT to Total Assets 7.7% 25.6%
Times Interest Earned 24.0 N/A
ASSET PRODUCTIVITY RATIOS
Average Collection Period (Days) 44.8 44.0
Inventory Turnover (Time) 1 1 .8 14.4
Inventory Holding Period (Days) 30.9 25.3
Gross Margin Return On Inventory 560.3% 712.8%
GROWTH & CASH SUFFICIENCY RATIOS
Growth Potential Index (GPI) 18.0% 40.1%
Cash Cycle (Days) 48.0 47.2
OPERATING PRODUCTIVITY RATIOS
Sales Per SKU $636 $860
Sales Per Customer $8,287 $10,125
Sales Per Order $126 $154
EMPLOYEE PRODUCTIVITY RATIOS
Sales Per Employee $174,981 $206,063
Gross Margin Per Employee $54,693 $64,694
Payroll Per Employee $32,192 $33,491
Personnel Productivity Ratio 58.3% 51.2%

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