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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
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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
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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
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2006 2007
- -
2006 2007
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2006 2007
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007
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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
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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
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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
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ROE
Financial Risk Ratios 2002 2003 2004
Debt to equity ratio
Debt ratio
Interest coverage ratio
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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
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$903,169 $0 $0
2005 2006 2007
2005 2006 2007
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2005 2006 2007
2005 2006 2007
2005 2006 2007
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2005 2006 2007