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Business Manager

In: Business and Management

Submitted By Cabeza3301
Words 351
Pages 2
We are comparing Wal-Mart’s’ ratios with, Target’s and Kmart (Sears Holding Corp). They are Wal-Mart’s’ main competitors and the only ones that Wal-Mart’ competes in all divisions. We calculated the ratios for Wal-Mart’s’ and its competitors for each year from 2009 to 2011.
Wal-Mart has a higher current ratio than Target and Sears. Wal-Mart has a current ratio of 3.1, which means that Wal-Mart must be able to convert each dollar of current assets into at least 0.5 dollars (1/3.21) of cash to meet short-term obligations. Wal-Mart’s’ competitors on the other hand must be able to convert each dollar of current assets into at least 2.21 dollars of cash (Target), and 1.97 dollars of cash (Kmart (Sears Holding Corp) to meet their short-term obligations. As a result Wal-Mart’s current ratio compares favorably with Target but not with Kmart. Wal-Mart’s’ quick ratio compares favorably with Target but is unsatisfactory compared to Sears. The company has a quick ratio of 0.21, which shows that Wal-Mart’s’ current assets are equal to 210% of the current liabilities. On the other hand Sears’ competitors’ current assets are equal to of the current liabilities for Target, 160% of the current liabilities for Target and 110% for Kmart.
Wal-Mart’s’ days to receivables ratio is 45 days, which compares unfavorably with Target’s 90 days, and Kmart’s’ 120 days. Wal-Mart’s’ inventory turnover ratio compares favorably with Target but not with Kmart. This indicates that Wal-Mart’s has larger investment in inventory relative to the sales being generated compared to Target and Kmart. Wal-marts’ asset turnover ratio of 2.6 compares favorably with Target’s 0.98 but is higher than Kmart’s 0.77. This shows that each dollar of Wal-marts’ assets produces 2.6 dollars of sales, 98 cents for Target, and 77 cents of sales for Kmart. Wal-marts’ gross profit margin of 21.94 is higher than its

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