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Essay / Research Paper Abstract
This 14 page paper examines the financial performance of the KU supermarket J Sainsbury. Numerous ratios are calculated for 2002 and 2004, all figures and calculations are shown with the results of Sainsbury's compared to Tesco, the number one UK supermarket, and Wal-Mart, the parent company of Asda. The results are analysed and projections for the next two years are made including draft profit and loss account and balance sheet. The bibliography cites 7 sources.
Page Count:
14 pages (~225 words per page)
File: TS14_TEsainsb.rtf
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Unformatted sample text from the term paper:
the UK has had a difficult history, suffering in the past from increasing competition and effective advertising by the competition Sainsburys have fought back (Perks, 1993). To assess how the
company has performed we can look at the results for 2002 and 2004, and then compare these to other main competitors. The use of ratio analysis will help with
comparison of performance. The comparators are Tesco, the current market leader and Wal-Mart, parent company of Asda. Using ratios we can measure performance figures of the companies vertically and horizontally.
For Tesco the 2002 accounts were not available so years 2003 and 2004 were used. The revenue figures are net of VAT (a selective sales tax ). Looking at
Sainsburys there is a fall in revenues from 17,162 million in 2002 to 17,141 million in 2004. This is a fall of .1%, so alone may not be cause for
concern as it is profitability that is important. This net profit is a common ratio which is used by many stakeholders and is a primary efficiency ratio. This measure of
net profit and is expressed as a percentage of the profit compared to the turnover. The basic calculation is the net profit the total revenue after all costs have
been deducted, sometimes before interest and tax divided but mostly after tax and interest by the turnover. It is often used as a benchmark by which the company can be
compared with other companies. The level of the margin will depend on a range of factors, such as pricing policy and industry. The net profit margin has also fallen by
0.03% and as such is only a small fall. Despite this there appear to be some positive signs when looking to the efficiency ratios. Return on assets and asset
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