RATIO ANALYSIS 5 Years

Data Entry Co: Name Halfords KEY RATIOS Halfords

Yr End date 31-Mar
BALANCE SHEETS (£'000s) PROFITABILITY 2017 2016 2015 2014 2013 2012
Year 2017 ? 2016 2015 2014 2013 2012 ROCE 18.11% 16.56% 16.80% 22.18% 25.72%
ASSETS Return on Sales 8.51% 8.26% 8.85% 11.48% 13.87%
Capital Turnover 2.13 2.00 1.90 1.93 1.85
NON-CURRENT ASSETS Gross Profit to sales 53.28% 53.66% 54.76% 54.78% 55.77%
Tangibles 107,300 103,800 95,200 90,600 97,900 Cost of Sales to sales 46.72% 46.34% 45.24% 45.22% 44.23%
Investments - 4,100 4,400 300 Sales & Admin Costs to sales 24.96% 25.26% 26.76% 25.25% 25.80%
Brand Value 362,900 356,800 342,200 342,200 343,900 Transport & W'house to sales 0.00% 0.00% 0.00% 0.00% 0.00%
Total Non-Current Assets 470,200 464,700 441,800 433,100 441,800 Salaries to sales 19.81% 20.13% 19.14% 18.05% 16.10%
Total Overheads to sales 44.76% 45.40% 45.91% 43.30% 41.90%
CURRENT ASSETS
Stock & WIP 157,900 149,300 150,200 133,200 146,700 LIQUIDITY & GEARING
Other Prepaid & Investments 47,500 44,200 36,500 39,600 33,100 Current 1.05 1.02 1.09 1.07 1.15
Debtors 17,400 15,500 16,300 16,100 12,200 Acid Test 0.13 0.17 0.11 0.13 0.14
Bank 11,900 22,400 5,300 7,900 13,400 Gearing 1 7.6% 13.1% 20.6% 25.6% 31.9%
Total Current Assets 234,700 231,400 208,300 196,800 205,400 Interest Cover 24.9 15.5 12.6 19.8 48.2

TOTAL ASSETS 704,900 696,100 650,100 629,900 647,200 ACTIVITY

Stock T/o (Days) 120 125 139 125 139
MEMBERS EQUITY & LIABILITIES Debtor T/O (Days) 6 6 7 7 5
Creditor T/O (Days) 75 90 74 79 77
Members Equity (Shares & Reserves) Fixed Asset T/O 9.56 9.05 9.15 9.53 8.88
Ord Share Capital (including Share Premium) 153,000 153,000 153,000 153,000 153,000
Revenue Reserves 252,400 214,700 173,100 145,700 134,100 EMPLOYEE RATIOS
Capital Reserves Sales/Empee £91,382 £80,357 £70,283 £71,621 £77,424
Shareholders Funds 405,400 367,700 326,100 298,700 287,100 Profit/Empee £7,780 £6,636 £6,219 £8,223 £10,736

CRS DUE > 12 MONTHS INVESTOR RATIO

Loan Capital 36,400 61,300 94,600 114,200 149,800 Earnings per Share 0.33 0.28 0.26 0.34 0.43
Other LT Liabilities 40,200 39,700 38,100 33,900 32,000
Total LT Liabilities 76,600 101,000 132,700 148,100 181,800 GROWTH RATIOS
Total Sales Growth 9% 8% 1% -1% N/A
CURRENT LIABILITIES Operating Profit Growth 13% 1% -22% -18% N/A
Trade Creditors 98,700 107,800 79,400 84,900 81,200 PAT Growth 19% 5% -23% -20% N/A
Other Creditors 100,800 96,700 101,600 93,900 94,300 Employee Growth -4% -6% 3% 7% N/A
Bank Overdraft 23,400 22,900 10,300 4,300 2,800 Dividend Growth 3% -35% -3% -4% N/A

Total Current Liabs 222,900 227,400 191,300 183,100 178,300

TOTAL EQUITY & LIABILITIES 704,900 696,100 650,100 629,900 647,200

PROCEED PROCEED PROCEED PROCEED PROCEED

INCOME STATEMENTS (£'000s)

Year 2,016 2,015 2,014 2,013 2,012 Year 2,016 2,015 2,014 2,013 2,012
SALES 1,025,400 939,700 871,300 863,100 869,700 Sales 1,025,400 939,700 871,300 863,100 869,700

Cost of Sales 479,100 435,500 394,200 390,300 384,700 Variable Costs 479,100 435,500 394,200 390,300 384,700
Gross Profit 546,300 504,200 477,100 472,800 485,000 Contribution 546,300 53.3% 504,200 53.7% 477,100 54.8% 472,800 54.8% 485,000 55.8%

OVERHEADS
Sales & Admin Costs 255,900 237,400 233,200 217,900 224,400
Transport & W'house
Salaries 203,100 189,200 166,800 155,800 140,000 Fixed Costs 462,500 431,600 406,100 378,700 366,900
Total Overheads 459,000 426,600 400,000 373,700 364,400
Operating Profit 87,300 77,600 77,100 99,100 120,600 Break-Even Sales 868,108 804,392 741,637 691,320 657,924
Loan Interest Paid 3,500 5,000 6,100 5,000 2,500
Net Profit (Pre-tax) 83,800 72,600 71,000 94,100 118,100 Margin of Safety 15.3% 14.4% 14.9% 19.9% 24.4%
Corporation Tax 18,000 17,100 18,300 25,700 32,600
Net Profit after Tax 65,800 55,500 52,700 68,400 85,500
Ordinary Dividend 28,400 27,700 42,700 44,200 46,200
Retained Profit for yr 37,400 27,800 10,000 24,200 39,300
Other Information
Average Employees per yr 11,221 11,694 12,397 12,051 11,233
Average Ordinary Shares ('000) 200,000 200,000 200,000 200,000 200,000