Signet Jewelers

2012 2013 2014 2015 2016

Liquidity Ratio
Current Ratio 3.4821654 3.616743 3.692075 3.98584 3.856941
Quick Ratio 1.7758917 1.857555 1.529979 1.718443 1.705242
Cash ratio 0.0991403 0.076007 0.043972 0.030012 0.02126

Efficiency ratio
A/R days 115.89 97.23916 96.71647 108.055
Inventory Days 200.2939 195.7012 217.2744 221.0777
A/P days 22.13299 21.95721 24.28123 23.66242
cash cycle 294.0509 270.9832 289.7096 305.4703
Asset Turnover 1.0710944 1.044674 0.923081 1.013194 0.971293

Profitability Ratios
Gross margin 38.60% 37.55% 36.16% 37.26% 36.84%
Operating Margin 14.07% 13.55% 10.05% 10.74% 11.91%
Net Income Margin 9.03% 8.74% 6.65% 7.14% 8.48%
ROE 15.45% 14.36% 13.57% 15.29% 17.51%
ROA 9.68% 9.13% 6.14% 7.24% 8.23%
ROCE 15.45% 14.36% 9.13% 10.68% 12.29%

Leverage Ratios
Debt Equity Ratios 0 0 0.485269 0.431601 0.424841
Interest Coverage Ratios 155.69444 142.625 16.01667 15.33115 15.44939

Signet Jewelers
Income Statement
Year 2012 2013 2014 2015 2016
Revenue 3983.4 4209.2 5736.3 6550.2 6408.4
COGS 2446 2628.7 3662.1 4109.8 4047.6
Gross Profit 1537.4 1580.5 2074.2 2440.4 2360.8
Operating Exp 976.9 1010 1497.6 1736.7 1597.6
Operating Income 560.5 570.5 576.6 703.7 763.2
Int Expenses 3.6 4 36 45.9 49.4
Other Income 0 0 0 0 0
EBT 556.9 566.5 540.6 657.8 713.8
Income Tax Expenses 197 198.5 159.3 189.9 170.6
Net Income 359.9 368 381.3 467.9 543.2

Balance Sheet
Year 2012 2013 2014 2015 2016
ASSETS
Cash 301 247.6 193.6 137.7 98.7
A/R 1205.3 1374 1567.6 1756.4 1858
Other Receivables 42.1 51.5 63.3 84 95.9
Inventory 1397 1488 2439 2453.9 2449.3
OCA 90.7 96.5 139.3 156.1 140.7
Total Current Assets 3036.1 3257.6 4402.8 4588.1 4642.6
Other Assets 682.9 771.6 1811.5 1876.8 1955.2
Total Assets 3719 4029.2 6214.3 6464.9 6597.8

LIABILITIES
A/P 155.9 162.9 277.7 269.1 255.7
Current Portion of Long Term Debt 0 0 0 0 0
OCL 716 737.8 914.8 882 948
Total Current Liabilities 871.9 900.7 1192.5 1151.1 1203.7
Long Term Debt 0 0 1363.8 1321 1317.9
Other NCL 517.2 565.4 847.6 932.1 974.1
Total Liabilities 1389.1 1466.1 3403.9 3404.2 3495.7
EQUITY 2329.9 2563.1 2810.4 3060.7 3102.1
Minority Interest 0 0 0 0 0
Total Equity and Liabilities 3719 4029.2 6214.3 6464.9 6597.8
 Blue Nile
2012 2013 2014 2015
Liquidity Ratio
Current Ratio 0.975969 1.173913 0.979433 1.033432
Quick Ratio 0.70155 0.895052 0.67305 0.67682
Cash ratio 0.691025 0.740102 0.660391 0.621855

Efficiency ratio
A/R days 2.838889 2.775079 3.155072
Inventory Days 33.77047 35.9434 41.47085
A/P days 118.7944 118.3962 117.9636
cash cycle -82.18499 -79.67775 -73.33771
Asset Turnover 2.741604 2.54381 3.010172 3.050191

Profitability Ratios
Gross margin 18.75% 18.58% 18.29% 19.25%
Operating Margin 3.08% 3.18% 3.00% 3.35%
Net Income Margin 2.10% 2.42% 2.05% 2.19%
ROE 59.57% 26.85% 70.80% 57.07%
ROA 5.76% 6.16% 6.17% 6.67%
ROCE 59.57% 26.85% 70.80% 57.07%

Leverage Ratios
Debt Equity Ratios 0 0 0 0
Interest Coverage Ratios #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Blue Nile
Income Statement
Year 2012 2013 2014 2015
Revenue 400 450 473.5 480.1
COGS 325 366.4 386.9 387.7
Gross Profit 75 83.6 86.6 92.4
Operating Exp 62.7 69.3 72.4 76.3
Operating Income 12.3 14.3 14.2 16.1
Interest Expense 0 0 0 0
Other Income 0.7 0.3 0.4 0
EBT 13 14.6 14.6 16.1
Income Tax Expenses 4.6 3.7 4.9 5.6
Net Income 8.4 10.9 9.7 10.5

Balance Sheet
Year 2012 2013 2014 2015
ASSETS
Cash 87 115.9 91.2 86.5
A/R 2.6 3 2.1 3.3
Other Receivables 0.9 0.5 1.6 1.3
Inventory 33.3 34.5 41.7 46.4
OCA 2.1 2.7 1.5 1.6
Total Current Assets 125.9 156.6 138.1 139.1
Other Assets 20 20.3 19.2 18.3
Total Assets 145.9 176.9 157.3 157.4

LIABILITIES
A/P 116.2 122.3 128.7 121.9
Current Portion of Long Term Debt 0 0 0 0
OCL 12.8 11.1 12.3 12.7
Total Current Liabilities 129 133.4 141 134.6
Long Term Debt 0 0 0 0
Other NCL 2.8 2.9 2.6 4.4
Total Liabilities 131.8 136.3 143.6 139
EQUITY 14.1 40.6 13.7 18.4
Minority Interest 0 0 0 0
Total Equity and Liabilities 145.9 176.9 157.3 157.4
 Tiffany
2013 2014 2015 2016
Liquidity Ratio
Current Ratio 4.633702 5.332523 4.809426 5.647282
Quick Ratio 0.797761 1.408359 1.500206 1.916245
Cash ratio 0.113682 0.208476 0.253134 0.275856

Efficiency ratio
A/R days 16.4898 17.85476 19.75586
Inventory Days 499.6133 518.8062 529.1594
A/P days 24.99825 27.80026 28.54317
cash cycle 491.1049 508.8607 520.3721
Asset Turnover 0.848224 0.820349 0.801488 0.785036

Profitability Ratios
Gross margin 58.06% 59.70% 60.69% 62.23%
Operating Margin 19.46% 20.97% 18.52% 18.02%
Net Income Margin 4.50% 11.39% 11.30% 11.15%
ROE 6.67% 17.08% 15.93% 14.80%
ROA 3.82% 9.35% 9.06% 8.75%
ROCE 5.23% 13.02% 12.25% 11.46%

Leverage Ratios
Debt Equity Ratios 0.276136 0.311276 0.300268 0.291488
Interest Coverage Ratios 5.071885 12.72496 15.48776 15.7087

Tiffany
Income Statement
Year 2013 2014 2015 2016
Revenue 4031.1 4249.9 4104.9 4001.8
COGS 1690.7 1712.7 1613.6 1511.5
Gross Profit 2340.4 2537.2 2491.3 2490.3
Operating Exp 1555.9 1645.8 1731.2 1769.1
Operating Income 784.5 891.4 760.1 721.2
Int Expenses 62.6 62.9 49 46
Other Income (Exp) -467 -91 -1.2 1.4
EBT 254.9 737.5 709.9 676.6
Income Tax Expenses 73.5 253.3 246 230.5
Net Income 181.4 484.2 463.9 446.1

Balance Sheet
Year 2013 2014 2015 2016
ASSETS
Cash 367 731.5 888.6 985.8
A/R 188.8 195.2 206.4 226.8
Other Receivables 0 0 0 0
Inventory 2326.6 2362.1 2225 2157.6
OCA 345.9 220 190.4 203.4
Total Current Assets 3228.3 3508.8 3510.4 3573.6
Other Assets 1524.1 1671.8 1611.2 1524
Total Assets 4752.4 5180.6 5121.6 5097.6

LIABILITIES
A/P 116.6 118 127.8 108.6
Current Portion of Long Term Debt 0 0 84.2 0
OCL 580.1 540 517.9 524.2
Total Current Liabilities 696.7 658 729.9 632.8
Long Term Debt 751.2 882.5 790 878.4
Other NCL 570.5 789.4 672.2 558
Total Liabilities 2018.4 2329.9 2192.1 2069.2
EQUITY 2720.4 2835.1 2911.4 3013.5
Minority Interest 13.5 15.6 18.1 14.9
Total Equity and Liabilities 4752.3 5180.6 5121.6 5097.6