Wal-Mart Anthony Tornese ACG
Wal-Mart.. – Is a publically traded company – Sells a wide variety of products From home goods to car accessories – Has store locations domestic and in foreign locations Wal-Mart online is open to anyone – According to records, the company will continue to grow financially throughout the years Annual report
Chief executive officer – Michael T. Duke Ending date of the latest fiscal year – January 31 st, 2010 Wal-Mart home office location – 702 SW 8 th ST. Bentonville, AK
Principal Products – Cosmetics – Electronics – Pharmaceutical – Clothing and accessories – Etc. Wal-Mart can be found.. – Across the United States – Online – International
Wal-Mart’s independent auditors – Ernst & Young, LLP The auditors, with the standard of the Public Company Accounting Oversight Board believe that the financial statements prepared are accurate and reliable.
Most recent stock price for Wal-Mart – $53.82 The 12 month trading range – $47.77 to $56.27 Dividends per share – $1.09 The date of the above information – January 31 st, 2010 The investment for Wal-Mart.. – Is a strong buy and a strong hold
Wal-Mart is an enormous company that has enormous plans for the future – The plan just for this upcoming year is to open 240 to 250 supercenters and 20 to 25 neighborhood markets "Wal-Mart (WMT) Discusses Its Future Growth Plans (conf Call Quotes from Lehman Brothers Retail Seminar) -- Seeking Alpha." Stock Market News, Opinion & Analysis, Investing Ideas -- Seeking Alpha. Web. 29 Sept – A positive plan that the company is moving toward is building more energy efficient stores "Wal-Mart’s “Company of the Future”: Some Final Thoughts | Sustainablog." Sustainablog: The Green Blog Youâve Trusted since Web. 29 Sept
Wal-Mart’s income statement format – Multi-step My explanation for the increase in these amounts is because Wal-Mart’s net sales slightly increased, therefore the gross profit for Wal-Mart increased.
The balance sheet shows an increase in assets from 2009 to 2010 because Wal-Mart has made expansions and improvements to the company within the year The asset account has changed the most, increasing by $7,277 million, during the year
The cash flows from operations are greater than the net income for the past two years because – The cash flows from operations from 2010 is $14,818 million – The cash flows from operations from 2009 is $13,899 million The company has grown in the past year through investing activities because – The Property, Plant, and Equipment (PPE) transactions for 2010 is $12,184 million – The PPE transactions for 2009 is $11,499 million The companies major source of financing comes from the long-term loans Overall, Wal-Mart has increased its cash over the past two years
Certain judgments and estimates are based on previous events and possible future outcomes Like many of the other American companies, Wal-Mart uses the LIFO method for inventory Judgments made by management regarding assets are based on certain conditions and requirements such as prolonged assets
For the past two years – Working capital 2010: million 2009: million – Current ratio 2010: : 0.88 – Receivable turnover 2010: : For the past two years – Average days’ sales uncollected 2010: 3.63 times 2009: 3.55 times – Inventory turnover 2010: : 8.9 – Average days’ inventory on hand 2010: : 41
For the past two years – Profit margin 2010: 3.54% 2009: 3.34% – Asset turnover 2010: 2.4% 2009: 2.35% – Return on assets 2010: 8.4% 2009: 8.2% – Return on equity 2010: 20.26% 2009: 20.53%
For the past two years – Debt to equity 2010: : 1.5
For the past two years – Price/earnings per share 2010: : 3.89 – Dividend yield 2010: : 1.6