Ratios
Companies
Ratio Formula Kohls Dollar General Ross Stores ULTA Beauty The Gap
Accounts Receivable Turnover Sales/Avg. AR
Days Sales Outstanding (DSO) Avg. AR/(Sales/365)
Inventory Turnover Cost of Goods Sold/Avg. Inventory
Days Sales On-hand (DOH) Avg. Inventory/(CGS/365)
Accounts Payable Turnover CGS/Avg. AP
Days Payable Outstanding (DPO) Avg. AP/(CGS/365)
Cash Conversion Cycle DSO+DOH-DPO
Return on Assets Operating Income/Avg. Assets
Profitability for ROA Operating Income/Sales
Asset Turnover Sales/Avg. Assets
Return on Equity Consolidated Net Income/Avg. Equity
Profitability for ROE NI/Sales
Asset Turnover Sales/Avg. Assets
Leverage Avg. Assets/Avg. Equity
Kohls Balance Sheet
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Jan. 30, 2021 Feb. 01, 2020
Cu
ent assets:
Cash and cash equivalents $ 2,271 $ 723
Merchandise inventories 2,590 3,537
Other 974 389
Total cu
ent assets 5,835 4,649
Property and equipment, net 6,689 7,352
Operating leases 2,398 2,391
Other assets 415 163
Total assets 15,337 14,555
Cu
ent liabilities:
Accounts payable 1,476 1,206
Accrued liabilities 1,270 1,281
Cu
ent portion of:
Finance lease and financing obligations 115 124
Operating leases 161 158
Total cu
ent liabilities 3,022 2,769
Long-term debt 2,451 1,856
Finance lease and financing obligations 1,387 1,367
Operating leases 2,625 2,619
Defe
ed income taxes 302 260
Other long-term liabilities 354 234
Shareholders’ equity:
Common stock - 377 and 375 million shares issued 4 4
Paid-in capital 3,319 3,272
Treasury stock, at cost, 219 and 219 million shares (11,595) (11,571)
Retained earnings 13,468 13,745
Total shareholders’ equity 5,196 5,450
Total liabilities and shareholders’ equity $ 15,337 $ 14,555
[1]
Kohls Income Statement
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions 12 Months Ended
Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019
Total revenue $ 15,955 $ 19,974 $ 20,229
Cost of merchandise sold $ 10,360 $ 12,140 $ 12,199
Operating expenses:
Selling, general, and administrative $ 5,021 $ 5,705 $ 5,601
Depreciation and amortization 874 917 964
Impairments, store closing, and other costs 89 113 104
(Gain) on sale of real estate (127)
Operating (loss) income (262) 1,099 1,361
Interest expense, net 284 207 256
(Gain) loss on extinguishment of debt (9) 63
(Loss) income before income taxes (546) 901 1,042
(Benefit) provision for income taxes (383) 210 241
Net (loss) income $ (163) $ 691 $ 801
Net (loss) income per share:
Basic $ (1.06) $ 4.39 $ 4.88
Diluted $ (1.06) $ 4.37 $ 4.84
Dollar General Balance Sheet
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands Jan. 29, 2021 Jan. 31, 2020
Cu
ent assets:
Cash and cash equivalents $ 1,376,577 $ 240,320
Merchandise inventories 5,247,477 4,676,848
Income taxes receivable 90,760 76,537
Prepaid expenses and other cu
ent assets 199,405 184,163
Total cu
ent assets 6,914,219 5,177,868
Net property and equipment 3,899,997 3,278,359
Operating lease assets 9,473,330 8,796,183
Goodwill 4,338,589 4,338,589
Other intangible assets, net 1,199,870 1,200,006
Other assets, net 36,619 34,079
Total assets 25,862,624 22,825,084
Cu
ent liabilities:
Cu
ent portion of operating lease liabilities 1,074,079 964,805
Accounts payable 3,614,089 2,860,682
Accrued expenses and other 1,006,552 709,156
Income taxes payable 16,063 8,362
Total cu
ent liabilities 5,710,783 4,543,005
Long-term obligations 4,130,975 2,911,993
Long-term operating lease liabilities 8,385,388 7,819,683
Defe
ed income taxes 710,549 675,227
Other liabilities 263,691 172,676
Commitments and contingencies
Shareholders' equity:
Prefe
ed stock
Common stock; $0.875 par value, 1,000,000 shares authorized, 240,785 and 251,936 shares issued and outstanding at January 29, 2021 and January 31, 2020, respectively 210,687 220,444
Additional paid-in capital 3,446,612 3,322,531
Retained earnings 3,006,102 3,162,660
Accumulated other comprehensive loss (2,163) (3,135)
Total shareholders' equity 6,661,238 6,702,500
Total liabilities and shareholders' equity $ 25,862,624 $ 22,825,084
Ross Stores Balance Sheet
Consolidated Balance Sheets - USD ($) $ in Thousands Jan. 30, 2021 Feb. 01, 2020
Cu
ent Assets
Cash and cash equivalents $ 4,819,293 $ 1,351,205
Accounts receivable 115,067 102,236
Merchandise inventory 1,508,982 1,832,339
Prepaid expenses and other 249,149 147,048
Total cu
ent assets 6,692,491 3,432,828
Property and Equipment
Land and buildings 1,187,045 1,177,262
Fixtures and equipment 3,243,206 3,115,003
Leasehold improvements 1,278,134 1,219,736
Construction-in-progress 376,076 189,536
Property and equipment, gross 6,084,461 5,701,537
Less accumulated depreciation and amortization 3,373,965 3,048,101
Property and equipment, net 2,710,496 2,653,436
Operating lease assets 3,084,819 3,053,782
Other long-term assets 230,061 208,321
Total assets 12,717,867 9,348,367
Cu
ent Liabilities
Accounts payable 2,256,928 1,296,482
Accrued expenses and other 592,122 462,111
Cu
ent operating lease liabilities 598,120 564,481
Accrued payroll and benefits 400,273 364,435
Income taxes payable 54,680 14,425
Cu
ent portion of long-term debt 64,910 0
Total cu
ent liabilities 3,967,033 2,701,934
Long-term debt 2,448,175 312,891
Non-cu
ent operating lease liabilities 2,621,594 2,610,528
Other long-term liabilities 268,558 214,086
Defe
ed income taxes 121,867 149,679
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share, Authorized 1,000,000,000 shares, issued and outstanding 356,503,000 and 356,775,000 shares, respectively 3,565 3,568
Additional paid-in capital 1,579,824 1,458,307
Treasury stock (478,550) (433,328)
Retained earnings 2,185,801 2,330,702
Total stockholders’ equity 3,290,640 3,359,249
Total liabilities and stockholders’ equity $ 12,717,867 $ 9,348,367
Ross Stores Income Statement
Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands 12 Months Ended
Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019
Income Statement [Abstract]
Sales $ 12,531,565 $ 16,039,073 $ 14,983,541
Costs and Expenses
Cost of goods sold 9,838,574 11,536,187 10,726,277
Selling, general and administrative 2,503,281 2,356,704 2,216,550
Interest expense (income), net 83,413 (18,106) (10,162)
Total costs and expenses 12,425,268 13,874,785 12,932,665
Earnings before taxes 106,297 2,164,288 2,050,876
Provision for taxes on earnings 20,915 503,360 463,419
Net earnings $ 85,382 $ 1,660,928 $ 1,587,457
Earnings per share
Basic (in dollars per share) $ 0.24 $ 4.63 $ 4.30
Diluted (in dollars per share) $ 0.24 $ 4.60 $ 4.26
Weighted-average shares outstanding (000)
Basic (in shares) 352,392 358,462 369,533
Diluted (in shares) 354,619 361,182 372,678
ULTA Balance Sheet
Consolidated Balance Sheets - USD ($) $ in Thousands Jan. 30, 2021 Feb. 01, 2020
Cu
ent assets:
Cash and cash equivalents $ 1,046,051 $ 392,325
Short-term investments 110,000
Receivables, net 193,109 139,337
Merchandise inventories, net 1,168,215 1,293,701
Prepaid expenses and other cu
ent assets 107,402 103,567
Prepaid income taxes 16,387
Total cu
ent assets 2,514,777 2,055,317
Property and equipment, net 995,795 1,205,524
Operating lease assets 1,504,614 1,537,565
Goodwill 10,870 10,870
Other intangible assets, net 2,465 3,391
Defe
ed compensation plan assets 33,223 27,849
Other long-term assets 28,225 23,356
Total assets 5,089,969 4,863,872
Cu
ent liabilities:
Accounts payable 477,052 414,009
Accrued liabilities 296,334 246,088
Defe
ed revenue 274,383 237,535
Cu
ent operating lease liabilities 253,415 239,629
Accrued income taxes 42,529
Total cu
ent liabilities 1,343,713 1,137,261
Non-cu
ent operating lease liabilities 1,643,386 1,698,718
Defe
ed income taxes 65,359 89,367
Other long-term liabilities 37,962 36,432
Total liabilities 3,090,420 2,961,778
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock, $0.01 par value, 400,000 shares authorized; 56,952 and 57,285 shares issued; 56,260 and 56,609 shares outstanding; at January 30, 2021 and Fe
uary 1, 2020, respectively 569 573
Treasury stock-common, at cost (37,801) (34,448)
Additional paid-in capital 847,303 807,492
Retained earnings 1,189,422 1,128,477
Accumulated other comprehensive income 56
Total stockholders' equity 1,999,549 1,902,094
Total liabilities and stockholders' equity $ 5,089,969 $ 4,863,872
Dollar General Income Statement
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands 12 Months Ended
Jan. 29, 2021 Jan. 31, 2020 Feb. 01, 2019
CONSOLIDATED STATEMENTS OF INCOME
Net sales $ 33,746,839 $ 27,753,973 $ 25,625,043
Cost of goods sold 23,027,977 19,264,912 17,821,173
Gross profit 10,718,862 8,489,061 7,803,870
Selling, general and administrative expenses 7,164,097 6,186,757 5,687,564
Operating profit 3,554,765 2,302,304 2,116,306
Interest expense 150,385 100,574 99,871
Other (income) expense 1,019
Income before income taxes 3,404,380 2,201,730 2,015,416
Income tax expense 749,330 489,175 425,944
Net income $ 2,655,050 $ 1,712,555 $ 1,589,472
Earnings per share:
Basic (in dollars per share) $ 10.70 $ 6.68 $ 5.99
Diluted (in dollars per share) $ 10.62 $ 6.64 $ 5.97
Weighted average shares outstanding:
Basic (in shares) 248,171 256,553 265,155
Diluted (in shares) 250,076 258,053 266,105
Dividends per share $ 1.44 $ 1.28 $ 1.16
GAP Balance Sheet
CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Millions Jan. 30, 2021 Feb. 01, 2020
Cu
ent assets:
Cash and Cash Equivalents, at Ca
ying Value $ 1,988 $ 1,364
Short-term Investments 410 290
Merchandise inventory 2,451 2,156
Other Assets, Cu
ent 1,159 706
Total cu
ent assets 6,008 4,516
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 5,608 5,839
Property and equipment, net of accumulated depreciation 2,841 3,122
Operating Lease, Right-of-Use Asset 4,217 5,402
Other long-term assets 703 639
Total assets 13,769 13,679
Cu
ent liabilities:
Accounts payable 1,743 1,174
Accrued Liabilities, Cu
ent 1,276 1,067
Operating Lease, Liability, Cu
ent 831 920
Income taxes payable 34 48
Total cu
ent liabilities 3,884 3,209
Long-term liabilities:
Long-term debt 2,216 1,249
Operating Lease, Liability, Noncu
ent 4,617 5,508
Other long-term liabilities 438 397
Total long-term liabilities 7,271 7,154
Stockholders' equity:
Common stock $0.05 par value, Authorized 2,300 shares for all periods presented; Issued and Outstanding 371 and 378 shares 19 19
Additional Paid in Capital 85 0
Retained earnings 2,501 3,257
Accumulated other comprehensive income 9 40
Total stockholders' equity 2,614 3,316
Total liabilities and stockholders' equity $ 13,769 $ 13,679
Common stock, par value (in dollars per share) $ 0.05 $ 0.05
Common stock, shares outstanding (in shares) 374,000 371,000
Common stock, shares issued (in shares) 374,000 371,000
Common stock, shares authorized (in shares) 2,300,000 2,300,000
GAP Income Statement
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions 12 Months Ended
Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019
Revenues $ 13,800,000,000 $ 16,383,000,000 $ 16,580,000,000
Cost of goods sold and occupancy expenses 9,095,000,000 10,250,000,000 10,258,000,000
Gross profit 4,705,000,000 6,133,000,000 6,322,000,000
Operating expenses 5,567,000,000 5,559,000,000 4,960,000,000
Operating income (loss) (862,000,000) 574,000,000 1,362,000,000
Gain (Loss) on Extinguishment of Debt 58,000,000 0 0
Interest expense 192,000,000 76,000,000 73,000,000
Interest income (10,000,000) (30,000,000) (33,000,000)
Income (loss) before income taxes (1,102,000,000) 528,000,000 1,322,000,000
Income taxes (437,000,000) 177,000,000 319,000,000
Net income (loss) $ (665,000,000) $ 351,000,000 $ 1,003,000,000
Weighted-average number of shares—basic (in shares) 374 376 385
Weighted-average number of shares - diluted (in shares) 374 378 388
Earnings per share - basic (in dollars per share) $ (1.78) $ 0.93 $ 2.61
Earnings per share - diluted (in dollars per share) $ (1.78) $ 0.93 $ 2.59