ratio analysis template(g&k)

7/28/2019 Ratio Analysis Template(G&K)

http://slidepdf.com/reader/full/ratio-analysis-templategk 1/17

G&K Services

Income Statement 2002 2003 2004 2005

Rental Operations 656,121 681,693 708,708

Direct Sales 21,470 23,895 24,739 Net Revenues $677,591 $705,588 $733,447

Cost of rental operations (403,110) (426,564) (448,131)

Cost of direct sales (15,672) (17,939) (18,899)

Selling and administrative costs (146,295) (154,471) (158,034)

Operating Expenses ($565,077) ($598,974) ($625,064)

Ebitda $112,514 $106,614 $108,383

Depreciation (29,596) (30,406) (31,417)

Amortization of intangibles (6,057) (7,289) (7,929)

Ebit $76,861 $68,919 $69,037

Interest Expense (13,609) (13,691) (11,966)

Income before income taxes $63,252 $55,228 $57,071

Provision for taxes (24,985) (21,539) (21,687)

PAT $38,267 $33,689 $35,384

Basic EPS $1.87 $1.64 $1.71

Basic EPS $1.85 $1.63 $1.69

Basic share 20,505 20,585 20,710

Diluted share 20,660 20,691 20,900

DPS #DIV/0! #DIV/0! #DIV/0!

Payout - - -

Dividends

Dividend Tax

% payout - - -

Appropriated 38,267 33,689 35,384 -

Horizontal Analysis 2002 2003 2004 2005

Rental Operations

% yoy growth

Direct Sales

Net Revenues



Cost of rental operations

Cost of direct sales

Selling and administrative costs

Operating Expenses

Ebitda

Depreciation

Amortization of intangibles

Ebit

Interest Expense

Income before income taxes

Provision for taxes

PAT

Vertical Analysis 2002 2003 2004 2005

Rental Operations

Direct Sales

Net Revenues

Cost of rental operations

Cost of direct sales

Selling and administrative costsOperating Expenses

Ebitda

Depreciation

Amortization of intangibles



Ebit

Interest Expense

Income before income taxes

Provision for taxes

PAT

G&K Services 2002 2003 2004 2005

Net Revenues

Operating Expenses

PAT

Trend Analysis 2002 2003 2004 2005

Net Revenues

Operating ExpensesPAT



2006 2007

- -

2006 2007



2006 2007



007



G&K Services Balance Sheet

Assets 2002 2003 2004

Cash and cash equivalent 9,986 11,504 26,931

Accounts receivables 66,555 69,839 71,058

Inventories 91,733 95,853 94,476 Prepaid expenses 17,536 14,848 14,902

Current income taxes receivables - -

Total current assets $185,810 $192,044 $207,367

Property plant and equipment

Land 32,451 35,543 35,789

Building and improvements 120,422 133,078 140,290

Machinery and Equip 237,898 258,319 257,266

Automobiles and trucks 39,446 39,888 39,300

Less Accumulated dep (199,687) (216,071) (232,036)

Total property, plant and equipment $230,530 $250,757 $240,609

Other Assets

Goodwill, net 200,140 266,140 285,892

Customer contracts and non-operating agreements 45,351 49,600 44,960

Other, principally retirement plan assets 19,868 20,265 23,919

Total other assets $265,359 $336,005 $354,771

Total Assets $681,699 $778,806 $802,747

Liabilities and Stockholder's Equity 2002 2003 2004

Current Liabilities

Account payable 17,361 20,228 20,511 Accrued expenses

Salaries and employee benefits 29,398 35,107 32,953

Other 22,628 27,220 32,743

Current income taxes payable - - 10,774

Deferred income taxes 11,157 9,941 7,395

Current maturities of long term debt 9,443 14,430 24,018

Total current liabilities $89,987 $106,926 $128,394

Long term Debt, net of current maturities 214,977 236,731 184,305

Deferred Income taxes 21,570 32,185 38,256

Other Non-current liabilities 15,007 22,695 26,369

Stockholder's equity

Common stock 10,354 10,365 10,454

Additional paid-in capital 31,120 31,768 37,370

Retained earnings 315,794 348,028 381,953

Accumulated other comprehensive income (17,110) (9,892) (4,354)

Total stockholder's equity $340,158 $380,269 $425,423



Total liabilities and stockholder's equity $681,699 $778,806 $802,747

Vertical Analysis

Assets 2002 2003 2004Cash and cash equivalent

Accounts receivables

Inventories

Prepaid expenses

Current income taxes receivables

Total current assets

Property plant and equipment

Land

Building and improvements

Machinery and Equip

Automobiles and trucks

Less Accumulated dep

Total property, plant and equipment

Other Assets

Goodwill, net

Customer contracts and non-operating agreements

Other, principally retirement plan assets

Total other assets

Total Assets

Liabilities and Stockholder's Equity 2002 2003 2004

Current Liabilities

Account payable

Accrued expenses

Salaries and employee benefits

Other

Current income taxes payable

Deferred income taxes

Current maturities of long term debt

Total current liabilities

Long term Debt, net of current maturities

Deferred Income taxes

Other Non-current liabilities

Stockholder's equity

Common stock

Additional paid-in capital



Retained earnings

Accumulated other comprehensive income

Total stockholder's equity

Total liabilities and stockholder's equity

Solvency Ratios 2002 2003 2004Current ratio

Quick ratio

Cash ratio

Receivables turnover

Inventory turnover

Payables turnover

Average receivables collection period

Average inventory processing period

Average payment period

Cash Collection Cycle

Operating Efficiency 2002 2003 2004

Total asset turnover

Net fixed asset turnover

Equity turnover

Operating Profitability 2002 2003 2004

Gross Profit Margin

Operating Profit Margin

Net Profit Margin

Return on total capital

Return on total equity

ROE (Net Income / Total Equity)

ROE DuPont Analysis

Profit Margin

Asset Turnover

Financial Leverage

ROE

ROE Extended DuPont Analysis

Operating profit margin

Asset turnover

Interest expense rate

Financial leverage

Tax retention rate



ROE

Financial Risk Ratios 2002 2003 2004

Debt to equity ratio

Debt ratio

Interest coverage ratio



2005 2006 2007

15,345

83,459

121,120 16,587

-

$236,511 $0 $0

35,650

141,205

273,044

38,948

(245,540)

$243,307 $0 $0

338,701

57,790

26,860

$423,351 $0 $0

$903,169 $0 $0

2005 2006 2007

25,695

29,601

35,259

6,623

8,971

26,537

$132,686 $0 $0

210,462

32,580

47,691

10,557

61,460

405,841

1,892

$479,750 $0 $0



$903,169 $0 $0

2005 2006 2007

2005 2006 2007



2005 2006 2007

2005 2006 2007

2005 2006 2007



2005 2006 2007

ratio analysis template(g&k)

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