2000 Retail Operations Survey: Statistical Summary

Cooperative Grocer 2000 Retail Operations Survey

Statistical Summary of Income Statement, Balance Sheet, and Ratios

SMALL
Sales <$1 Million
MEDIUM SMALL
Sales $1-2 Million
MEDIUM
Sales $2-4 Million
  MEDIUM LARGE
Sales $4-7 Million
LARGE
Sales >$7 Million
ALL
STORES

INCOME STATEMENT

100% 100% 100% GROSS SALES 100% 100% 100%
33.8% 34.7% 34.9% GROSS MARGIN 35.7% 36.7% 35.1%
 
15.6 15.5   17.6 16.9 WAGES and SALARIES 16.8 16.6   16.9 16.6  
1.9 1.8   1.9 1.9 PAYROLL TAXES & WORKER'S COMP 1.9 2.0   1.9 2.0  
0.8 0.9   1.0 0.8 EMPLOYEE BENEFITS 3.2 3.3   3.0 3.1  
0.9 0.8   0.5 0.5 EMPLOYEE DISCOUNTS 0.4 0.4   0.4 0.4  
1.2 1.2   1.4 1.4 WORKING MEMBER DISCOUNTS 0.4 0.4   0.5 0.4  
0.1 0.1   0.1 0.1 OTHER LABOR 0.4 0.4   0.3 0.4  
20.5 20.3   22.5 21.6 TOTAL LABOR 23.2 23.1   23.0 22.9  
 
4.2 4.2   3.7 3.6 OCCUPANCY 4.0 3.9   4.0 3.9  
1.2 1.3   1.1 0.7 DEPREC. AND AMORTIZATION 1.4 1.4   1.3 1.3  
0.3 0.3   0.5 0.5 GOVERNANCE 0.5 0.4   0.5 0.4  
1.0 1.0   0.7 0.6 MEMBER DISCOUNTS 0.7 0.6   0.7 0.6  
0.8 0.7   1.2 1.1 ADVERTISING & PROMOTION 1.3 1.3   1.3 1.2  
1.7 1.7   2.0 2.1 OPERATING EXPENSES 2.1 2.1   2.1 2.1  
-1.0 -1.1   -0.9 -1.0 LESS: OTHER REVENUE -0.7 -0.7   -0.7 -0.7  
0.1 0.1   0.1 0.1 MORTGAGE INTEREST 0.1 0.1   0.1 0.1  
0.4 0.4   0.3 0.1 OTHER INTEREST EXP. 0.3 0.4   0.3 0.3  
1.9 1.9   0.3 0.3 OTHER EXP. 0.3 0.3   0.3 0.3  
0.0 0.0   0.0 0.0 PATRONAGE REFUND 0.3 0.3   0.2 0.2  
0.7 0.6   1.1 1.5 ADMIN. EXP. 1.2 1.1   1.2 1.1  
0.3 0.3   0.1 0.3 INCOME TAXES 0.6 0.6   0.5 0.6  
11.5 11.4   10.5 9.7 TOTAL NON-LABOR EXP. 11.8 11.6   11.7 11.5  
 
32.0 31.8   33.0 31.3 TOTAL EXPENSES 35.0 34.7   34.8 34.4  
 
2.2% 2.2%   0.5% 2.1% NET INCOME (LOSS) 1.8% 2.0%   1.7% 2.0%  
 

BALANCE SHEET

25.8% 26.8%   15.4% 20.2% CASH 11.0% 11.3%   11.7% 12.1%  
36.8 36.5   28.5 30.8 INVENTORY 18.2 18.1   19.4 19.1  
3.0 3.1   1.6 2.3 ACCOUNTS RECEIVABLE & PREPAIDS 3.1 3.2   3.0 3.2  
65.6 66.5   45.5 53.3 TOTAL CURRENT ASSETS 32.3 32.6   34.0 34.4  
20.2 19.1   43.1 36.4 NET FIXED ASSETS 57.2 59.4   55.4 57.3  
14.2 14.5   11.4 10.4 OTHER ASSETS 10.5 8.0   10.6 8.2  
100% 100%   100% 100% TOTAL ASSETS 100% 100%   100% 100%  
 
17.5% 17.2%   19.3% 18.9% CURRENT LIABILITIES 18.5% 18.5%   18.5% 18.5%  
23.6 22.7   27.7 14.3 NET LONG TERM DEBT 26.8 25.0   26.8 24.4  
41.1 39.9   47.0 33.3 TOTAL LIABILITIES 45.3 43.5   45.3 42.9  
 
23.0 22.6   32.3 34.2 MEMBER SHARE CAPITAL 23.6 24.6   24.3 25.0  
33.1 34.6   20.2 32.5 RETAINED EARNINGS 31.1 31.9   30.3 32.0  
2.8 2.9   0.5 0.0 OTHER CAPITAL 0.0 0.0   0.1 0.1  
58.9 60.1   53.0 66.7 TOTAL EQUITY 54.7 56.5   54.7 57.1  
 
100% 100%   100% 100% TOTAL LIABILITIES & EQUITY 100% 100%   100% 100%  
 

RATIOS

KEY: UQ = Upper Quartile MED = Median LQ = Lower Quartile
20.0 20.0   15.0 14.9 SALES TREND: % (over last year) UQ 14.5 15.3   15.7 15.8  
10.0 10.0   12.7 12.7 MED 10.5 11.0   10.7 11.0  
5.8 5.4   7.9 8.0 LQ 5.8 6.8   6.8 7.0  
   
451 479   885 885 SALES PER SQ FT PER YEAR: $ (annual sales/selling price) UQ 933 957   871 871  
342 344   475 530 MED 799 805   649 683  
230 246   426 426 LQ 666 674   425 427  
   
47.09 48.71   50.73 50.73 SALES PER PAID LABOR HOUR: (total sales/total paid labor) UQ 61.38 62.11   59.81 60.48  
42.18 44.33   46.43 47.62 MED 52.69 53.37   50.16 50.10  
29.59 30.24   37.01 38.90 LQ 46.60 47.92   43.23 43.51  
   
5.34 5.41   6.81 7.38 SALES TO TOTAL ASSETS: $ (total sales/total assets) UQ 4.63 4.57   5.41 5.48  
4.59 4.66   5.09 6.60 MED 3.74 3.83   4.25 4.32  
2.66 3.04   2.80 2.68 LQ 2.80 3.03   2.69 2.69  
   
37.14 60.66   36.42 41.47 SALES TO NET FIXED ASSETS: $ (sales/[fixed assets less deprec.]) UQ 15.86 12.06   27.89 28.83  
24.62 26.46   21.03 21.03 MED 7.66 7.47   11.17 11.17  
12.22 15.02   6.13 6.80 LQ 4.90 4.98   5.62 5.62  
   
8.64 8.66   12.63 12.38 INVENTORY TURNS PER YEAR: (cost of goods/avg. inventory) UQ 15.57 15.71   13.51 13.51  
7.08 7.55   11.33 11.33 MED 12.30 12.38   10.63 10.90  
5.81 6.15   9.15 9.21 LQ 10.15 10.39   8.66 8.70  
   
6.42 5.35   3.56 3.32 CURRENT RATIO: (curr. assets/curr. liabilities) UQ 2.68 3.02   3.71 3.32  
3.16 1.88   3.15 3.20 MED 1.94 1.94   2.24 2.55  
2.02 1.47   1.55 3.15 LQ 1.21 1.65   1.49 1.83  
   
0.92 0.81   1.55 0.93 DEBT TO EQUITY: (total liabilities/total equity) UQ 2.06 1.91   1.85 1.18  
0.42 0.33   0.65 0.33 MED 0.67 0.66   0.65 0.58  
0.11 0.11   0.26 0.21 LQ 0.44 0.45   0.28 0.25  
   
26.4 26.4   11.8 18.8 RETURN ON EQUITY: % (net income/total equity) UQ 20.7 21.5   21.0 23.5  
8.4 11.6   10.1 11.1 MED 15.2 16.0   11.2 12.3  
2.2 2.2   2.0 9.1 LQ 4.6 7.6   3.7 6.4  
   
15.4 15.8   8.9 9.7 RETURN ON ASSETS: % (net income/total assets) UQ 13.3 14.5   13.7 14.8  
11.6 11.7   5.7 6.3 MED 8.6 9.5   6.2 9.4  
1.9 2.4   1.7 5.2 LQ 2.4 3.2   2.1 3.8  
   
35.2 34.9   34.4 33.6 GROSS MARGIN: % ([sales -- cost of goods]/sales) UQ 36.8 36.3   36.0 35.9  
33.5 32.7   32.3 32.0 MED 35.5 34.9   34.3 34.1  
31.4 31.2   31.3 30.9 LQ 33.9 33.7   32.1 32.0  
   
4.0 4.1   3.5 3.4 DISCOUNT EXPENSE: % (% of total sales) UQ 2.8 2.5   3.5 3.5  
3.2 3.7   2.4 2.4 MED 1.6 1.3   2.1 2.0  
2.0 1.9   1.3 1.2 LQ 0.9 0.9   1.1 1.0  
   
22.7 22.4   23.8 23.0 TOTAL LABOR EXPENSE: % (total paid labor/total sales) UQ 23.5 23.3   23.5 23.1  
21.1 20.7   22.6 21.6 MED 22.6 22.2   22.3 21.6  
19.5 18.8   20.1 19.7 LQ 20.4 20.2   20.2 19.8  
   
2.7 2.7   2.5 3.5 NET INCOME: % (% of total sales) UQ 3.5 3.6   3.1 3.4  
2.3 2.4   0.9 1.8 MED 2.2 2.3   1.9 2.3  
0.5 0.8   0.2 0.9 LQ 0.7 1.0   0.5 0.9

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