| |
|
|
| |
12 months |
12 months |
| |
ended |
ended |
| |
31 March |
31 March |
| |
2010 |
2009 |
| Operating efficiency ratios |
|
|
| Gross profit margin % |
34.9% |
31.3% |
| Operating profit margin % |
22.1% |
21.9% |
| Number of stores |
548 |
535 |
| Number of permanent employees (average) |
6 668 |
6 480 |
| Trading space (sqm) |
225 891 |
223 102 |
| Inventory turn |
6.0 |
5.8 |
| Current ratio |
3.5 |
3.2 |
| Credit ratios |
|
|
| Cash and short-term credit sales % of total sales |
31.5% |
35.7% |
| Bad debts as a % of net debtors |
8.3% |
6.0% |
| Debtor costs as a % of net debtors |
10.9% |
10.0% |
| Debtors’ impairment provision as a % of net debtors |
16.0% |
15.7% |
| Arrear instalments on satisfactory accounts as a percentage of net debtors |
9.3% |
9.5% |
| Arrear instalments on slow-paying and non-performing accounts as a percentage of net debtors |
19.8% |
20.9% |
| Debtors’ impairment provision on non-performing accounts |
74.9% |
71.3% |
| Credit applications decline rate |
27.5% |
25.4% |
| Shareholder ratios |
|
|
| Net asset value per share (cents) |
3 719 |
3 303 |
| Gearing ratio |
27.5% |
23.5% |
| Dividend cover |
1.9 |
1.8 |
| Return on average equity (after-tax) |
19.2% |
20.1% |
| Return on average capital employed (after-tax) |
17.2% |
17.7% |
| Return on average assets managed (pre-tax) |
21.9% |
23.0% |
