By Helgi Library - April 2, 2020
Makro Cash & Carry Czech Republic's total assets reached CZK 7,311 mil at the end of 2016, up 15.1% compared to the previous...
By Helgi Library - April 2, 2020
Makro Cash & Carry Czech Republic's total assets reached CZK 7,311 mil at the end of 2016, up 15.1% compared to the previous...
| Profit Statement | 2014 | 2015 | 2016 | |
| Sales | CZK mil | 29,854 | 30,125 | 29,895 |
| Gross Profit | CZK mil | 3,377 | 3,434 | 2,763 |
| EBITDA | CZK mil | 1,806 | 1,918 | 1,172 |
| EBIT | CZK mil | 1,564 | 1,651 | 882 |
| Financing Cost | CZK mil | 79.3 | 59.8 | 58.7 |
| Pre-Tax Profit | CZK mil | 1,485 | 1,592 | 824 |
| Net Profit | CZK mil | 1,195 | 1,277 | 637 |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | CZK mil | 7,133 | 6,353 | 7,311 |
| Non-Current Assets | CZK mil | 2,012 | 2,001 | 2,036 |
| Current Assets | CZK mil | 5,119 | 4,350 | 5,275 |
| Working Capital | CZK mil | -635 | -102 | 1,026 |
| Shareholders' Equity | CZK mil | 2,535 | 2,617 | 1,977 |
| Liabilities | CZK mil | 4,598 | 3,736 | 5,334 |
| Total Debt | CZK mil | 350 | 0 | 600 |
| Net Debt | CZK mil | 151 | -431 | -66.2 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 52.3 | 49.6 | 27.7 |
| ROCE | % | 98.7 | 77.9 | 25.7 |
| Gross Margin | % | 11.3 | 11.4 | 9.24 |
| EBITDA Margin | % | 6.05 | 6.37 | 3.92 |
| EBIT Margin | % | 5.24 | 5.48 | 2.95 |
| Net Margin | % | 4.00 | 4.24 | 2.13 |
| Net Debt/EBITDA | 0.084 | -0.225 | -0.056 | |
| Net Debt/Equity | % | 5.96 | -16.5 | -3.35 |
| Cost of Financing | % | 22.7 | 34.2 | 19.6 |
| Cash Flow | 2014 | 2015 | 2016 | |
| Cash Conversion Cycle | days | -10.3 | -2.91 | 9.95 |
| Cash Earnings | CZK mil | 1,437 | 1,543 | 927 |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | |||||||||||||||||
| Sales | CZK mil | 31,588 | 30,401 | 29,390 | 21,108 | 29,854 | |||||||||||
| Gross Profit | CZK mil | 3,736 | 3,733 | 3,493 | 2,219 | 3,377 | |||||||||||
| EBIT | CZK mil | 2,089 | 2,112 | 1,873 | 913 | 1,564 | |||||||||||
| Net Profit | CZK mil | 1,651 | 1,670 | 1,481 | 692 | 1,195 | |||||||||||
| ROE | % | 56.5 | 43.6 | 27.4 | 16.9 | 52.3 | |||||||||||
| EBIT Margin | % | 6.61 | 6.95 | 6.37 | 4.33 | 5.24 | |||||||||||
| Net Margin | % | 5.23 | 5.49 | 5.04 | 3.28 | 4.00 | |||||||||||
| Employees | ... | ... | ... | 3,423 | 3,445 | 3,370 | 3,276 | 3,283 | |||||||||
| balance sheet | |||||||||||||||||
| Total Assets | CZK mil | 8,753 | 9,687 | 10,627 | 6,521 | 7,133 | |||||||||||
| Non-Current Assets | CZK mil | 1,994 | 2,027 | 2,009 | 1,977 | 2,012 | |||||||||||
| Current Assets | CZK mil | 6,756 | 7,658 | 8,616 | 4,532 | 5,119 | |||||||||||
| Shareholders' Equity | CZK mil | 2,991 | 4,661 | 6,141 | 2,032 | 2,535 | |||||||||||
| Liabilities | CZK mil | 5,762 | 5,026 | 4,485 | 4,489 | 4,598 | |||||||||||
| Non-Current Liabilities | CZK mil | 41.4 | 49.8 | 50.1 | 37.6 | 33.1 | |||||||||||
| Current Liabilities | CZK mil | 5,673 | 4,904 | 4,402 | 4,415 | 4,526 | |||||||||||
| Net Debt/EBITDA | -0.093 | -0.103 | -0.269 | 0.033 | 0.084 | ||||||||||||
| Net Debt/Equity | % | -7.06 | -5.16 | -9.25 | 1.78 | 5.96 | |||||||||||
| Cost of Financing | % | ... | ... | ... | 3,406 | 25.2 | 22.7 |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | |||||||||||||||||
| Sales | CZK mil | 31,588 | 30,401 | 29,390 | 21,108 | 29,854 | |||||||||||
| Cost of Goods & Services | CZK mil | 27,852 | 26,668 | 25,897 | 18,889 | 26,477 | |||||||||||
| Gross Profit | CZK mil | 3,736 | 3,733 | 3,493 | 2,219 | 3,377 | |||||||||||
| Staff Cost | CZK mil | 1,417 | 1,373 | 1,399 | 1,082 | 1,548 | |||||||||||
| Other Cost | CZK mil | 38.4 | 31.5 | -15.3 | 40.8 | 23.4 | |||||||||||
| EBITDA | CZK mil | 2,281 | 2,329 | 2,109 | 1,096 | 1,806 | |||||||||||
| Depreciation | CZK mil | 191 | 217 | 236 | 183 | 242 | |||||||||||
| EBIT | CZK mil | 2,089 | 2,112 | 1,873 | 913 | 1,564 | |||||||||||
| Financing Cost | CZK mil | 35.0 | 48.3 | 35.5 | 44.3 | 79.3 | |||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | CZK mil | 2,054 | 2,064 | 1,838 | 869 | 1,485 | |||||||||||
| Tax | CZK mil | 403 | 395 | 357 | 177 | 290 | |||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | CZK mil | 1,651 | 1,670 | 1,481 | 692 | 1,195 | |||||||||||
| growth rates | |||||||||||||||||
| Total Revenue Growth | % | ... | -8.42 | -3.76 | -3.33 | -28.2 | 41.4 | ||||||||||
| Operating Cost Growth | % | ... | 4.74 | -3.50 | -1.48 | -18.9 | 40.0 | ||||||||||
| EBITDA Growth | % | ... | 7.87 | 2.12 | -9.44 | -48.0 | 64.7 | ||||||||||
| EBIT Growth | % | ... | 7.96 | 1.10 | -11.3 | -51.3 | 71.3 | ||||||||||
| Pre-Tax Profit Growth | % | ... | 6.74 | 0.467 | -11.0 | -52.7 | 70.9 | ||||||||||
| Net Profit Growth | % | ... | 8.89 | 1.11 | -11.3 | -53.3 | 72.8 | ||||||||||
| ratios | |||||||||||||||||
| ROE | % | 56.5 | 43.6 | 27.4 | 16.9 | 52.3 | |||||||||||
| ROCE | % | ... | -1,486 | 492 | 152 | 61.6 | 98.7 | ||||||||||
| Gross Margin | % | 11.8 | 12.3 | 11.9 | 10.5 | 11.3 | |||||||||||
| EBITDA Margin | % | 7.22 | 7.66 | 7.18 | 5.19 | 6.05 | |||||||||||
| EBIT Margin | % | 6.61 | 6.95 | 6.37 | 4.33 | 5.24 | |||||||||||
| Net Margin | % | 5.23 | 5.49 | 5.04 | 3.28 | 4.00 | |||||||||||
| Cost of Financing | % | ... | ... | ... | 3,406 | 25.2 | 22.7 | ||||||||||
| Net Debt/EBITDA | -0.093 | -0.103 | -0.269 | 0.033 | 0.084 |
| balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | |||||||||||||||||
| Non-Current Assets | CZK mil | 1,994 | 2,027 | 2,009 | 1,977 | 2,012 | |||||||||||
| Property, Plant & Equipment | CZK mil | 1,974 | 2,006 | 1,977 | 1,939 | 1,947 | |||||||||||
| Intangible Assets | CZK mil | 20.1 | 21.3 | 32.6 | 38.2 | 64.8 | |||||||||||
| Current Assets | CZK mil | 6,756 | 7,658 | 8,616 | 4,532 | 5,119 | |||||||||||
| Inventories | CZK mil | 1,708 | 1,443 | 1,044 | 1,256 | 1,395 | |||||||||||
| Receivables | CZK mil | 954 | 1,228 | 1,245 | 936 | 970 | |||||||||||
| Cash & Cash Equivalents | CZK mil | 211 | 241 | 570 | 314 | 199 | |||||||||||
| Total Assets | CZK mil | 8,753 | 9,687 | 10,627 | 6,521 | 7,133 | |||||||||||
| Shareholders' Equity | CZK mil | 2,991 | 4,661 | 6,141 | 2,032 | 2,535 | |||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | CZK mil | 5,762 | 5,026 | 4,485 | 4,489 | 4,598 | |||||||||||
| Non-Current Liabilities | CZK mil | 41.4 | 49.8 | 50.1 | 37.6 | 33.1 | |||||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Deferred Tax Liabilities | CZK mil | 41.4 | 49.8 | 50.1 | 37.6 | 33.1 | |||||||||||
| Current Liabilities | CZK mil | 5,673 | 4,904 | 4,402 | 4,415 | 4,526 | |||||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 2.08 | 350 | 350 | |||||||||||
| Trade Payables | CZK mil | 4,727 | 3,948 | 3,099 | 3,124 | 3,001 | |||||||||||
| Provisions | CZK mil | 45.3 | 69.9 | 30.5 | 34.3 | 36.3 | |||||||||||
| Equity And Liabilities | CZK mil | 8,753 | 9,687 | 10,627 | 6,521 | 7,133 | |||||||||||
| growth rates | |||||||||||||||||
| Total Asset Growth | % | ... | -3.04 | 10.7 | 9.70 | -38.6 | 9.38 | ||||||||||
| Shareholders' Equity Growth | % | ... | 4.72 | 55.8 | 31.8 | -66.9 | 24.8 | ||||||||||
| Net Debt Growth | % | ... | -9.82 | 14.0 | 136 | -106 | 316 | ||||||||||
| Total Debt Growth | % | ... | ... | ... | ... | ... | 16,695 | 0 | ... | ||||||||
| ratios | |||||||||||||||||
| Total Debt | CZK mil | 0 | 0 | 2.08 | 350 | 350 | |||||||||||
| Net Debt | CZK mil | -211 | -241 | -568 | 36.3 | 151 | |||||||||||
| Working Capital | CZK mil | -2,065 | -1,277 | -810 | -932 | -635 | |||||||||||
| Capital Employed | CZK mil | -71.0 | 750 | 1,200 | 1,046 | 1,376 | |||||||||||
| Net Debt/Equity | % | -7.06 | -5.16 | -9.25 | 1.78 | 5.96 | |||||||||||
| Cost of Financing | % | ... | ... | ... | 3,406 | 25.2 | 22.7 |
| cash flow | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| cash flow | |||||||||||||||||
| Net Profit | CZK mil | 1,651 | 1,670 | 1,481 | 692 | 1,195 | |||||||||||
| Depreciation | CZK mil | 191 | 217 | 236 | 183 | 242 | |||||||||||
| ratios | |||||||||||||||||
| Days Sales Outstanding | days | 11.0 | 14.7 | 15.5 | 16.2 | 11.9 | |||||||||||
| Days Sales Of Inventory | days | 22.4 | 19.7 | 14.7 | 24.3 | 19.2 | |||||||||||
| Days Payable Outstanding | days | 61.9 | 54.0 | 43.7 | 60.4 | 41.4 | |||||||||||
| Cash Conversion Cycle | days | -28.5 | -19.5 | -13.5 | -19.9 | -10.3 | |||||||||||
| Cash Earnings | CZK mil | 1,842 | 1,886 | 1,716 | 875 | 1,437 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | |||||||||||||||||
| ROA | % | 18.6 | 18.1 | 14.6 | 8.07 | 17.5 | |||||||||||
| Gross Margin | % | 11.8 | 12.3 | 11.9 | 10.5 | 11.3 | |||||||||||
| Employees | ... | ... | ... | 3,423 | 3,445 | 3,370 | 3,276 | 3,283 | |||||||||
| Cost Per Employee | USD per month | ... | ... | ... | 1,805 | 1,878 | 1,769 | 1,406 | 1,838 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | 34,496 | 33,212 | 34,595 | 27,516 | 39,283 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 4.80 | 4.85 | 5.08 | 5.36 | 5.47 | |||||||||||
| Effective Tax Rate | % | 19.6 | 19.1 | 19.4 | 20.4 | 19.5 | |||||||||||
| Domestic Sales | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 28,220 | 27,361 | 19,649 | 27,637 | ||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 84.2 | 85.0 | 99.5 | 194 | ||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.277 | 0.289 | 0.472 | 0.651 | ||
| Sales from Food | CZK mil | ... | ... | ... | 24,288 | 23,552 | 23,006 | 16,893 | 23,785 | ||||||||
| Sales from Consumer Goods | CZK mil | ... | ... | ... | 5,196 | 4,752 | 4,439 | 2,855 | 4,026 | ||||||||
| Sales From Services | CZK mil | ... | ... | ... | 2,104 | 2,097 | 1,944 | 1,360 | 2,043 |
Get all company financials in excel:
Makro Cash & Carry Česká republika is Czech Republic-based subsidiary of an international self-service wholesaler METRO Cash & Carry. Metro has entered the Czech market in 1997 and now it has some 17 stores in the country. METRO Cash & Carry is the leading international player in the self-service wholesale sector. Under the brands METRO and MAKRO it operates over 700 wholesale stores in 29 countries throughout Europe, Asia and Africa. The wholesale stores offer a broad range of products and services customised to the specific demands of professional customers, such as hotel and restaurant operators, catering firms, independent small retailers, institutions and offices. The cash-and-carry concept is based around self-service and bulk buying. METRO Cash & Carry serves to registered customers only
Makro Cash & Carry Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 12.8% a year during that time to total of CZK 1,172 mil in 2016, or 3.92% of sales. That’s compared to 5.74% average margin seen in last five years.
The company netted CZK 637 mil in 2016 implying ROE of 27.7% and ROCE of 25.7%. Again, the average figures were 34.8% and 83.2%, respectively when looking at the previous 5 years.
Makro Cash & Carry Czech Republic’s net debt amounted to CZK -66.2 mil at the end of 2016, or -3.35% of equity. When compared to EBITDA, net debt was -0.056x, up when compared to average of -0.087x seen in the last 5 years.
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