|
|
|
|
| |
6 months |
6 months |
12 months |
| |
ended |
ended |
ended |
| |
Sept 2004 |
Sept 2003 |
Mar 2004 |
| Operating efficiency ratios |
|
|
|
| Gross profit % |
58.3% |
59.6% |
59.6% |
| Operating margin % |
22.8% |
20.2% |
22.2% |
| Number of stores |
472 |
446 |
465 |
| Revenue per store (Rm) |
2.5 |
2.4 |
4.9 |
| Operating profit per store (Rm) |
0.6 |
0.5 |
1.1 |
| Number of employees |
5 825 |
5 650 |
5 776 |
| Revenue per employee (R) |
203 433 |
189 097 |
393 819 |
| Operating profit per employee (R) |
46 335 |
38 248 |
87 535 |
| Trading space (sqm) |
206 786 |
197 647 |
205 793 |
| Revenue per sqm (R) |
5 730 |
5 405 |
11 053 |
| Operating profit per sqm (R) |
1 305 |
1 093 |
2 457 |
| Stock turn (times) (annualised) |
5.0 |
4.7 |
5.1 |
| Current ratio |
3.6 |
3.3 |
3.4 |
| Credit ratios |
|
|
|
| Cash sales % of total sales |
23% |
17% |
18% |
| Bad and doubtful debt charge as percentage of gross |
|
|
|
| debtors’ book |
1.4% |
2.8% |
4.4% |
| Debtors impairment provision as a % of gross instalment |
|
|
|
| receivables |
15.3% |
16.6% |
15.6% |
| Total debtors’ provisions as a % of gross instalment |
|
|
|
| receivables |
34.9% |
35.5% |
35.0% |
| Decline rate % |
20.4% |
23.5% |
22.3% |
| Average age of book (months) |
13 |
15 |
14 |
| Arrear % (full contractual) |
29.4% |
29.6% |
28.2% |
| Shareholder ratios |
|
|
|
| Net asset value per share (cents) |
1 883 |
1 132 |
1 310 |
| Gearing ratio |
16.0% |
84.5% |
60.9% |
| ROE (annualised, average shareholders’ equity) |
22.8% |
21.8% |
24.8% |
| ROCE (annualised, average capital employed) |
17.2% |
15.6% |
17.0% |
| Note: all ratios based on figues at end of period unless otherwise disclosed. |
