| |
6 months |
6 months |
12 months |
| |
ended |
ended |
ended |
| |
30 Sept |
30 Sept |
31 March |
| |
2009 |
2008 |
2009 |
| Operating efficiency ratios |
|
|
|
| Merchandise gross profit % |
33.5% |
33.1% |
31.3% |
| Operating margin % |
21.8% |
22.6% |
21.9% |
| Number of stores |
539 |
529 |
535 |
| Number of employees (average) |
6 652 |
6 420 |
6 480 |
| Trading space (sqm) |
223 993 |
221 284 |
223 102 |
| Inventory turn |
4.4 |
4.7 |
5.8 |
| Current ratios |
3.5 |
3.0 |
3.2 |
| Credit ratios |
|
|
|
| Cash and short-term credit sales as a % of total sales |
31.5% |
34.2% |
35.7% |
| Debtor costs as a % of the net debtors book |
5.0% |
4.5% |
10.0% |
| Doubtful debt provision as a % of net debtors book |
17.9% |
15.5% |
15.7% |
| Arrear instalments on satisfactory accounts as a percentage |
|
|
|
| of net debtors |
8.8% |
10.2% |
9.5% |
| Arrear instalments on slow paying and non-performing |
|
|
|
| accounts as a percentage of net debtors |
23.0% |
21.7% |
20.9% |
| Doubtful debt provision on non-performing accounts |
72.9% |
70.4% |
71.3% |
| Credit applications decline rate |
27.4% |
24.5% |
25.4% |
| Shareholder ratios |
|
|
|
| Net asset value per share (cents) |
3 461 |
3 133 |
3 303 |
| Gearing ratio |
27.4% |
24.2% |
23.5% |
| Dividend cover |
1.9 |
2.0 |
1.8 |
| Return on average equity (after tax) |
17.6% |
19.8% |
20.1% |
| Return on average capital employed (after tax) |
16.4% |
17.2% |
17.7% |
| Return on average assets managed (before tax) |
21.0% |
22.6% |
23.0% |
| Notes: |
|
|
|
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