| |
Next Group plc
|
|
2004 |
2003 |
PROFITABILITY |
|
|
|
|
|
Gross profit margin |
Gross profit x 100 |
£754 |
29.9% |
£655 |
29.7% |
|
Sales |
£2,516 |
|
£2,203 |
|
|
|
|
|
|
|
Net profit margin |
Net profit (PBIT) x 100 |
£371 |
14.7% |
£302 |
13.7% |
|
sales |
£2,516 |
|
£2,203 |
|
|
|
|
|
|
|
Expenses to sales |
Expenses x 100 |
£383 |
15.2% |
£353 |
16.0% |
|
sales |
£2,516 |
|
£2,203 |
|
|
|
|
|
|
|
ROCE |
Net profit (PBIT) x 100 |
£371 |
62.6% |
£302 |
91.0% |
|
Capital Employed |
£592 |
|
£331 |
|
|
|
|
|
|
|
ROOE |
Net profit after I & T x 100 |
£245 |
111.0% |
£211 |
76.5% |
|
Shareholders funds |
£221 |
|
£275 |
|
|
|
|
|
|
|
EFFICIENCY |
|
|
|
|
|
Fixed asset turnover |
Sales |
£2,516 |
5.5 : 1 |
£2,203 |
5.5 : 1 |
|
Fixed assets |
£459 |
|
£402 |
|
|
|
|
|
|
|
Total asset turnover |
Sales |
£2,516 |
4.25 : 1 |
£2,203 |
6.6 : 1 |
|
Total assets |
£592 |
|
£331 |
|
|
|
|
|
|
|
Stock Turnover |
Cost of Sales |
£1,763 |
7.1 times |
£1,548 |
7.7 times |
|
Average stock |
249.2 |
|
200.25 |
|
|
|
|
|
|
|
Stock days |
Average stock x 365 |
249.2 |
51.6 days |
200.25 |
47.2 days |
|
Cost of sales |
£1,763 |
|
£1,548 |
|
|
|
|
|
|
|
Debtors days |
Trade debtors x 365 |
£303 |
44 days |
£248 |
41.1 days |
|
Credit sales |
£2,516 |
|
£2,203 |
|
|
|
|
|
|
|
Creditors days |
Trade creditors x 365 |
£132 |
26.9 days |
£108 |
24.4 days |
|
Credit purchases |
£1,791 |
|
£1,617 |
|
|
|
|
|
|
|
LIQUIDITY |
|
|
|
|
|
Current ratio |
Current Assets |
£710 |
1.2 : 1 |
£595 |
0.9 : 1 |
|
Current Liabilities |
£577 |
|
£665 |
|
|
|
|
|
|
|
Quick-acid test ratio |
Current Assets - Stock |
£447 |
0.8 : 1 |
£360 |
0.5 : 1 |
|
Current Liabilities |
£577 |
|
£665 |
|
|
|
|
|
|
|
RISK |
|
|
|
|
|
Gearing |
Fixed interest debt |
£371 |
1.68 : 1 |
£56 |
0.20 : 1 |
|
Shareholders funds |
£221 |
|
£275 |
|
|
|
|
|
|
|
Interest cover |
Net profit (PBIT) |
£371 |
21.4 : 1 |
£302 |
1005 : 1 |
|
Interest |
£17 |
|
£0.3 |
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
Earnings per share |
NP after I & T & pref dividend |
£245 |
0.921 |
£211 |
0.687 |
|
Number of shares |
266.3 |
(92.1 cent) |
306.2 |
(68.7 cent) |
|
|
|
|
|
|
|
|
|
|
|
|
Dividend cover |
Profit available for dividend |
£245 |
2.7 times |
£211 |
2.4 times |
|
Dividends paid and proposed |
£89 |
|
£86 |
|
|
|
|
|
|
|
|