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Summary of Panera Bread's Performance Measures

Profitability Measures

Return on equity (ROE) Operating profit margin


Efficiency Measures

net income/equity after-tax operating income/sales

Asset turnover Fixed asset turnover Receivables turnover Average collection period (days) Inventory turnover Days in inventory
Leverage Measures

sales/total assets at start of year sales/fixed assets at start of year sales/receivables at start of year receivables at start of year/daily sales cost of goods sold/inventory at start of year inventories at start of year/daily cost of goods sold

Long-term debt ratio Long-term debt-equity ratio Total debt ratio Times interest earned Cash coverage ratio
Liquidity Measures

long-term debt/(long-term debt + equity) long-term debt/equity total liabilities/total assets EBIT/interest payments (EBIT + depreciation)/interest payments

Net working capital to assets Current ratio Quick ratio

net working capital/total assets current assets/current liabilities (cash + marketable securities + receivables)/current liabilities

15.0% 4.7%

1.61 2.42 68.1 5.36 4.10 89.0

30.9% 44.7% 52.6% 6.95 9.62

0.09 1.34 0.23

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