2000 Retail Operations Survey: Statistical Summary

By Dave Gutknecht, Peg Nolan, Walden Swanson

#095 July - August - 2001

Cooperative Grocer 2000 Retail Operations Survey

Statistical Summary of Income Statement, Balance Sheet, and Ratios

SMALL Sales <$1 Million	MEDIUM SMALL Sales $1-2 Million	MEDIUM Sales $2-4 Million		MEDIUM LARGE Sales $4-7 Million	LARGE Sales >$7 Million	ALL STORES
INCOME STATEMENT
100%	100%	100%	GROSS SALES	100%	100%	100%
33.8%	34.7%	34.9%	GROSS MARGIN	35.7%	36.7%	35.1%

15.6	15.5		17.6	16.9	WAGES and SALARIES			16.8	16.6	16.9	16.6
1.9	1.8		1.9	1.9	PAYROLL TAXES & WORKER'S COMP			1.9	2.0	1.9	2.0
0.8	0.9		1.0	0.8	EMPLOYEE BENEFITS			3.2	3.3	3.0	3.1
0.9	0.8		0.5	0.5	EMPLOYEE DISCOUNTS			0.4	0.4	0.4	0.4
1.2	1.2		1.4	1.4	WORKING MEMBER DISCOUNTS			0.4	0.4	0.5	0.4
0.1	0.1		0.1	0.1	OTHER LABOR			0.4	0.4	0.3	0.4
20.5	20.3		22.5	21.6	TOTAL LABOR			23.2	23.1	23.0	22.9

4.2	4.2		3.7	3.6	OCCUPANCY			4.0	3.9	4.0	3.9
1.2	1.3		1.1	0.7	DEPREC. AND AMORTIZATION			1.4	1.4	1.3	1.3
0.3	0.3		0.5	0.5	GOVERNANCE			0.5	0.4	0.5	0.4
1.0	1.0		0.7	0.6	MEMBER DISCOUNTS			0.7	0.6	0.7	0.6
0.8	0.7		1.2	1.1	ADVERTISING & PROMOTION			1.3	1.3	1.3	1.2
1.7	1.7		2.0	2.1	OPERATING EXPENSES			2.1	2.1	2.1	2.1
-1.0	-1.1		-0.9	-1.0	LESS: OTHER REVENUE			-0.7	-0.7	-0.7	-0.7
0.1	0.1		0.1	0.1	MORTGAGE INTEREST			0.1	0.1	0.1	0.1
0.4	0.4		0.3	0.1	OTHER INTEREST EXP.			0.3	0.4	0.3	0.3
1.9	1.9		0.3	0.3	OTHER EXP.			0.3	0.3	0.3	0.3
0.0	0.0		0.0	0.0	PATRONAGE REFUND			0.3	0.3	0.2	0.2
0.7	0.6		1.1	1.5	ADMIN. EXP.			1.2	1.1	1.2	1.1
0.3	0.3		0.1	0.3	INCOME TAXES			0.6	0.6	0.5	0.6
11.5	11.4		10.5	9.7	TOTAL NON-LABOR EXP.			11.8	11.6	11.7	11.5

32.0	31.8		33.0	31.3	TOTAL EXPENSES			35.0	34.7	34.8	34.4

2.2%	2.2%		0.5%	2.1%	NET INCOME (LOSS)			1.8%	2.0%	1.7%	2.0%

BALANCE SHEET
25.8%	26.8%		15.4%	20.2%	CASH			11.0%	11.3%	11.7%	12.1%
36.8	36.5		28.5	30.8	INVENTORY			18.2	18.1	19.4	19.1
3.0	3.1		1.6	2.3	ACCOUNTS RECEIVABLE & PREPAIDS			3.1	3.2	3.0	3.2
65.6	66.5		45.5	53.3	TOTAL CURRENT ASSETS			32.3	32.6	34.0	34.4
20.2	19.1		43.1	36.4	NET FIXED ASSETS			57.2	59.4	55.4	57.3
14.2	14.5		11.4	10.4	OTHER ASSETS			10.5	8.0	10.6	8.2
100%	100%		100%	100%	TOTAL ASSETS			100%	100%	100%	100%

17.5%	17.2%		19.3%	18.9%	CURRENT LIABILITIES			18.5%	18.5%	18.5%	18.5%
23.6	22.7		27.7	14.3	NET LONG TERM DEBT			26.8	25.0	26.8	24.4
41.1	39.9		47.0	33.3	TOTAL LIABILITIES			45.3	43.5	45.3	42.9

23.0	22.6		32.3	34.2	MEMBER SHARE CAPITAL			23.6	24.6	24.3	25.0
33.1	34.6		20.2	32.5	RETAINED EARNINGS			31.1	31.9	30.3	32.0
2.8	2.9		0.5	0.0	OTHER CAPITAL			0.0	0.0	0.1	0.1
58.9	60.1		53.0	66.7	TOTAL EQUITY			54.7	56.5	54.7	57.1

100%	100%		100%	100%	TOTAL LIABILITIES & EQUITY			100%	100%	100%	100%

RATIOS
KEY: UQ = Upper Quartile MED = Median LQ = Lower Quartile
20.0	20.0		15.0	14.9	SALES TREND: % (over last year)		UQ	14.5	15.3	15.7	15.8
10.0	10.0		12.7	12.7			MED	10.5	11.0	10.7	11.0
5.8	5.4		7.9	8.0			LQ	5.8	6.8	6.8	7.0

451	479		885	885	SALES PER SQ FT PER YEAR: $ (annual sales/selling price)		UQ	933	957	871	871
342	344		475	530			MED	799	805	649	683
230	246		426	426			LQ	666	674	425	427

47.09	48.71		50.73	50.73	SALES PER PAID LABOR HOUR: (total sales/total paid labor)		UQ	61.38	62.11	59.81	60.48
42.18	44.33		46.43	47.62			MED	52.69	53.37	50.16	50.10
29.59	30.24		37.01	38.90			LQ	46.60	47.92	43.23	43.51

5.34	5.41		6.81	7.38	SALES TO TOTAL ASSETS: $ (total sales/total assets)		UQ	4.63	4.57	5.41	5.48
4.59	4.66		5.09	6.60			MED	3.74	3.83	4.25	4.32
2.66	3.04		2.80	2.68			LQ	2.80	3.03	2.69	2.69

37.14	60.66		36.42	41.47	SALES TO NET FIXED ASSETS: $ (sales/[fixed assets less deprec.])		UQ	15.86	12.06	27.89	28.83
24.62	26.46		21.03	21.03			MED	7.66	7.47	11.17	11.17
12.22	15.02		6.13	6.80			LQ	4.90	4.98	5.62	5.62

8.64	8.66		12.63	12.38	INVENTORY TURNS PER YEAR: (cost of goods/avg. inventory)		UQ	15.57	15.71	13.51	13.51
7.08	7.55		11.33	11.33			MED	12.30	12.38	10.63	10.90
5.81	6.15		9.15	9.21			LQ	10.15	10.39	8.66	8.70

6.42	5.35		3.56	3.32	CURRENT RATIO: (curr. assets/curr. liabilities)		UQ	2.68	3.02	3.71	3.32
3.16	1.88		3.15	3.20			MED	1.94	1.94	2.24	2.55
2.02	1.47		1.55	3.15			LQ	1.21	1.65	1.49	1.83

0.92	0.81		1.55	0.93	DEBT TO EQUITY: (total liabilities/total equity)		UQ	2.06	1.91	1.85	1.18
0.42	0.33		0.65	0.33			MED	0.67	0.66	0.65	0.58
0.11	0.11		0.26	0.21			LQ	0.44	0.45	0.28	0.25

26.4	26.4		11.8	18.8	RETURN ON EQUITY: % (net income/total equity)		UQ	20.7	21.5	21.0	23.5
8.4	11.6		10.1	11.1			MED	15.2	16.0	11.2	12.3
2.2	2.2		2.0	9.1			LQ	4.6	7.6	3.7	6.4

15.4	15.8		8.9	9.7	RETURN ON ASSETS: % (net income/total assets)		UQ	13.3	14.5	13.7	14.8
11.6	11.7		5.7	6.3			MED	8.6	9.5	6.2	9.4
1.9	2.4		1.7	5.2			LQ	2.4	3.2	2.1	3.8

35.2	34.9		34.4	33.6	GROSS MARGIN: % ([sales -- cost of goods]/sales)		UQ	36.8	36.3	36.0	35.9
33.5	32.7		32.3	32.0			MED	35.5	34.9	34.3	34.1
31.4	31.2		31.3	30.9			LQ	33.9	33.7	32.1	32.0

4.0	4.1		3.5	3.4	DISCOUNT EXPENSE: % (% of total sales)		UQ	2.8	2.5	3.5	3.5
3.2	3.7		2.4	2.4			MED	1.6	1.3	2.1	2.0
2.0	1.9		1.3	1.2			LQ	0.9	0.9	1.1	1.0

22.7	22.4		23.8	23.0	TOTAL LABOR EXPENSE: % (total paid labor/total sales)		UQ	23.5	23.3	23.5	23.1
21.1	20.7		22.6	21.6			MED	22.6	22.2	22.3	21.6
19.5	18.8		20.1	19.7			LQ	20.4	20.2	20.2	19.8

2.7	2.7		2.5	3.5	NET INCOME: % (% of total sales)		UQ	3.5	3.6	3.1	3.4
2.3	2.4		0.9	1.8			MED	2.2	2.3	1.9	2.3
0.5	0.8		0.2	0.9			LQ	0.7	1.0	0.5	0.9

See other articles from this issue: #095 July - August - 2001

2000 Retail Operations Survey: Statistical Summary

Cooperative Grocer 2000 Retail Operations Survey

Statistical Summary of Income Statement, Balance Sheet, and Ratios

INCOME STATEMENT

BALANCE SHEET

RATIOS