Preview

Finishline Annual Report Analysis

Powerful Essays
Open Document
Open Document
1736 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Finishline Annual Report Analysis
FiniFinish Line

Section 1 – Introduction

Finish Line is a premium retailer of athletic shoes, apparel and accessories, operating 637 Finish Line stores averaging approximately 5,400 square feet in 47 states, often mall-based. They also operates an e-commerce site, www.finishline.com, as well as mobile commerce via m.finishline.com. Finish Line stores generally carry a large selection of men, women and kids’ performance and athletic casual shoes, as well as an assortment of apparel and accessories
Income Sheet | 3 March 2012 | 26 February 2011 | 27 February 2010 | Sales | 1,369,259 | 1,229,002 | - | Net Income | 84,804 | 68,834 | - | Total Asset | 711,496 | 664,845 | 610,268 | Stockholders’ Equity | 529,537 | 490,245 | 442,150 | Average Total Asset | 688,170.5 | 637,556.5 | - | Average SE | 509,891 | 466,197.5 | - |

| 3 March 2012 | 26 February 2011 | Profit Margin | 6.19% | 5.60% | Asset Turnover | 1.99 | 1.93 | Financial Leverage | 1.35 | 1.37 | ROA | 12.32% | 10.81% | ROE | 16.63% | 14.81% |

Balance Sheet | 3 March 2012 | 26 February 2011 | Current Assets | 552,748 | 509,684 | Current Liabilities | 138,683 | 126,420 | Total Assets | 711,496 | 664,845 | Total Liabilities | 181,959 | 174,600 | Cash | 307,494 | 299,323 | Marketable Securities | - | - | Accounts Receivables | 9,041 | 10,552 | EBIT | | | Interest Expense | | |

| 3 March 2012 | 26 February 2011 | Current Ratio: | 3.9857 | 4.0317 | Quick Ratio: | 2.2824 | 2.4512 | Debt Ratio: | 25.57% | 26.26% | Times Interest Earned: | | | Debt-to-equity Ratio | 34.34% | 35.61% | | | |

Section 2: Income Statement
The identified trends in Finish Line’s income statement positively reflect on its successful fiscal year. With the provided information of the covered period, it can be determined how Finish Line’s profitability and productivity exemplified the company’s strong performance and improvements since last fiscal year. At a
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Chemalite Case Study
    • 837 Words
    • 4 Pages

    Chemalite Case Study

    Assignment for Chemalite, Inc. Part A: Financial statements for Chemalite, Inc. 1) Balance Sheet as at 12/31/2003 | | | ASSETS | | | Current Assets | | | Cash | | $113,000 | Accounts Receivable | | 69,500 | Inventory | | 55,000 | Total Current Assets | | 237,500 | Machinery | | 201,875 | Prototype | | 23,750 | Intangible Assets | | 100,000 | TOTAL ASSETS | | 563,125 | | | | LIABILITIES AND SHAREHOLDERS' EQUITY | | | Current Liabilities | | | Accounts Payable | | 0 |…

    • 837 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Ch 2 Annual Report Target
    • 1227 Words
    • 5 Pages

    Ch 2 Annual Report Target

    The company performed better than the prior year in attempt to recover from a decline that occurred last year compared to two years prior.…

    • 1227 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Accounting Microline Case
    • 1433 Words
    • 6 Pages

    Accounting Microline Case

    Microline’s profits increased significantly from 2010 to 2011 with the net income of 2011 being over 3 times the amount of 2010. The return on equity also increased, with a 4% ROE in 2010 to 14% in 2011. Their profits are also growing faster than there assets with an increase on their return on assets of 4% between 2010 and 2011. The profit margin rose from 2% in 2010 to 5% in 2011. Sales rose from $7500 between 2010 and 2011, however, this does not account for the substantial increase in their net income. While their sales have increased, their profits have increased at a faster rate. The significant increase in their net income is largely accounted for by gains on sales of land, foreign exchange, income from affiliates and short term equity investments. Combined these account for an increase of $4000 on the income statement between 2010 and 2011. Another point of interest is the large increase in administrative expenses which increased by $5000 dollars from 2010 to 2011. The company did show an increase in sales, however, the amount of the increase brings into question what Microline is writing off as administrative expenses as there is no mention of it in the footnotes. This could be a cause for concern where the majority of the companies net income is being generated from investment opportunities rather than from the sales of…

    • 1433 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Startegic Analysis (Sherwin Williams)
    • 2207 Words
    • 9 Pages

    Startegic Analysis (Sherwin Williams)

    Strong financial performance FY2010 reflected an impressive financial performance for the company. They registered total revenue of US$7,776.42 million in the FY2010, up 9.62% on an annual basis from US$7,094.25 million in the FY2009. The increase in revenue was principally due to the acquisition of two industrial wood finishes businesses(Sayerlack and Becker Acroma).These two acquisitions increased revenues for FY2010 by more than US$440 million. Also, their operating profit increased by 8.82% from US$622.82 million in the FY2009, to US$677.78 million in the FY2010. Simultaneously, the company net income increase by 6.11% to US$462.49 million in the FY2010 from US$435.85 million in the FY2009. Based on such strong financial performance, the company can aggressively pursue its growth and expansion plans.…

    • 2207 Words
    • 9 Pages
    Good Essays
    Read More
  • Powerful Essays

    Footlocker Analysis
    • 2978 Words
    • 12 Pages

    Footlocker Analysis

    Foot Locker is established in the Athletic Shoe business and its main competitor is an organization known as Finish Line. While Foot Locker is much larger than Finish Line as of late Finish Line has been moving in on Foot Locker’s business. Finish Line established a name for itself only a few years after Foot Locker did but did so under another franchise name, Athlete’s Foot. Eventually Finish Line stepped out from its franchise’s…

    • 2978 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Ba 2196 Annual Report Analysis
    • 1283 Words
    • 6 Pages

    Ba 2196 Annual Report Analysis

    In this paper, you will analyze the annual report of a single Fortune 500 company, asserting and giving evidence of the most powerful visual, verbal (and, if relevant, aural) techniques and strategies the document uses to target and persuade its intended audience.…

    • 1283 Words
    • 6 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    MKTG 311 HW#2
    • 647 Words
    • 3 Pages

    MKTG 311 HW#2

    On the other hand, we can clearly recognize that the profit is increasing as well. Actually, the overall performance of the company’s profit is growing slightly year by year. However, the company’s profit and sales performance are maintained in a good situation for the time specified period we have. In fact, we can say that the good condition of the company’s financial situation is due to strategies and procedures that the company follows in their production cycle.…

    • 647 Words
    • 3 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Dell case 640 financial management
    • 1072 Words
    • 5 Pages

    Dell case 640 financial management

    We can see from the exhibit 4 that sales in 1996 was 52% higher than that in 1995. To support that growth, Dell needs to increase its operating assets.…

    • 1072 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Better Essays

    Pepsi vs. Coca Cola
    • 1877 Words
    • 8 Pages

    Pepsi vs. Coca Cola

    * The NWC to total assets has increased by 70.680% because the current assets increased and the current liabilities decreased.…

    • 1877 Words
    • 8 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Peach Blossom TB
    • 698 Words
    • 18 Pages

    Peach Blossom TB

    TB - BS Peach Blossom Cologne Company Working Trial Balance - Balance Sheet 12/31/2009 Working Paper Reference Per Audit 12-31-08 Per Books 12-31-09…

    • 698 Words
    • 18 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    Annual Report Executive Summary
    • 5444 Words
    • 22 Pages

    Annual Report Executive Summary

    This ratio can be calculated by dividing total liabilities by total assets. Lower the percentage is, the better the company is capable in paying its long-term debts. Best Buy 's debt to total assets ratio of 62% is higher than RadioShack’s that of 57%. This means that Best Buy’s finance relies more on debt in their finance than RadioShack’s finance does. In other words, RadioShack is more capable in paying their long-term debts.…

    • 5444 Words
    • 22 Pages
    Best Essays
    Read More
  • Better Essays

    Tiffany & Co. Marketing Assesment
    • 1368 Words
    • 6 Pages

    Tiffany & Co. Marketing Assesment

    Business has done well for the companies even through the recession shares have gone up 6.4 % to 67.18% which has led the company to raise their yearly predictions because of the success. Stocks for the full year have risen 1.4% but dropped 21% this month assuming that financial, and other economic changes are affecting upscale shoppers. The company must also factor in the price of materials, within the past year the company has seen almost a 40% increase in rough diamond prices. Even with the increase in material prices the companies second-quarter gross margin widened to 59% from 57.8% which is good news for the business (marketwatch, 2011).…

    • 1368 Words
    • 6 Pages
    Better Essays
    Read More
  • Powerful Essays

    Bottled Water Manufacturer
    • 5072 Words
    • 21 Pages

    Bottled Water Manufacturer

    * Payroll expenses assume 1 route driver from January to May and a 2nd driver from the end of May through December…

    • 5072 Words
    • 21 Pages
    Powerful Essays
    Read More
  • Good Essays

    Acc100 - Annual Report Project
    • 660 Words
    • 3 Pages

    Acc100 - Annual Report Project

    An annual report is an audited corporate document that details the business activity and financial status of an individual company over the previous year. The key elements of an annual report are contained in its financial information. Within the financial information you’ll find the financial statements and Notes to Financial Statements. Include in this section is the Income Statement, Cash Flow Statement and Balance Sheet. These statements provide detailed figures of the actual financial performance of the company for the previous year. Other financial information included in this section is the Portfolio of Investments, Notes to Portfolio of Investments, and Distribution to Shareholders. Another key component in an annual report is the Manager’s commentary– which is the managerial analysis and breakdown of the financial results and other factors that impact the company’s operations. This information is accompanied by the Auditor’s report which informs you whether the numbers are accurate and whether you should have any concerns about the future operations of the business.…

    • 660 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Financial Ratio Analysis: Daimler Group and Bmw Group
    • 2076 Words
    • 9 Pages

    Financial Ratio Analysis: Daimler Group and Bmw Group

    In this report, we calculate and compare the financial performance between Daimler Group and BMW Group in two financial years 2010-2011. The objective is to analyse the financial performance of both groups and identify our company’s position, thus suggesting the potential areas for improvement for our company.…

    • 2076 Words
    • 9 Pages
    Powerful Essays
    Read More