Individual Project #4_jer_accounting_1

Individual Project #4_jer_accounting_1 - Financial Analysis...

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Unformatted text preview: Financial Analysis By James E Rose Jr. Largest fast food restaurant operator Serves 47 + million people daily 31,xxx restaurants in 121 countries ◦ 23,xxx are company-owned ◦ 7,8xx are franchised or affiliated System-wide sales of $33 + billion 2003-2010 Revenues of $95.1billion ◦ 11.3% increase of which 5% was true revenue growth ◦ Company-owned store revenue  $12,795.4 million  74.7% of total ◦ Franchises/affiliates revenue  $4,345.1 million  25.3% of total Net Income went up 65.7% ◦ Revenues up by 11.3% ◦ Operating Costs and Expenses up by only 7.6%  Total Op. Costs and Exp. – 83.5% of Revenue  Most expenses increased by 10-12.7%  SG&A increased by only 7% Net Income beats industry ◦ McDonalds Profit Margin = 8.6% ◦ Industry Profit Margin = 7.24% ◦ Wendy’s Profit Margin = 7.5% 2003-2010 Total Assets of $25.525 billion up by 6.5% ◦ Current Assets up 9.9% led by:  Cash up 49.2%  Prepaid Expenses & Other Current Assets up by 26.5%  Accounts & Notes Receivable down by 14.1%  Largest Current Asset ◦ McDonald’s Current Assets are 7.4% of Total Assets vs. Wendy’s (14.6%) 2003-2010 Total Assets of $25.525 billion up by 6.5%up by 6....
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Individual Project #4_jer_accounting_1 - Financial Analysis...

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