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Essay / Research Paper Abstract
This 8 page paper considers the financial performance of Saks Inc. by looking at the share value and accounts as well as using ratio analysis. The writer demonstrates in an easy to follow manner how each ratio is calculated and what it means. The bibliography cites 6 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEsaksin.rtf
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Unformatted sample text from the term paper:
in order to look at more specific areas of interest. In this paper we will consider Saks Fifth Avenue. 1. When we consider the company in its 2000 accounts, compared to
the 1999 accounts then we may argue that the company is weaker than the year before. 2000 was a difficult trading year, and during the year the downturn in sales
lead to position where there were overstocks in each of the stores (Saks, 2001). However, in other measures, the company has got stringer, with higher sales, $6.4 billion compares
to $6 billion, however, costs also rose from $5.8 billion to $6 billion, leaving a greater gross profit margin. The income before taxes and the income after taxes also demonstrated
a drastic increase. However, we can also look to more recent years, and compare 2001 to 2002. For this the annual reports are not yet fully available, and as
such we need to took to alterative reliable sources for the information. Here we may argue that the company suffered from the weaknesses that came about even when growth
was seen in 2000. In 2002 (taken as a rolling twelve months) we see that unless there is a dramatic change there will be some very poor results. Sales have
reduced from $6.6 billion to $6.1 billion, and with costs of $6 billion with the need for taxes and other expenses, this has put the company in a position of
loss, with a loss of -$26.6 million before taxes, or with taxes of -$9.9 million, after tax losses of -$15.7 million (Wall Street Journal, 2002). Rations such as earnings
per share are now -$0.11 compared with 0.53 the year before, and with negative returns on the profit margins the company has major problems. However, these are not immediate as
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