Scribd Logo
Upload

Welcome to Scribd!

  • 44 views

    Cash Return On Invested Capital

    Uploaded by

    Michael Jacopino
    The document compares financial metrics for AAPL and DLTR, including cash conversion cycle, cash return on invested capital, EV/EBIT, free cash flow to revenue, free cash flow to short term debt, inventory turnover, and EBIT to enterprise value. Most metrics for AAPL are stronger than DLTR, such as higher cash return on invested capital and free cash flow to revenue. The price to intrinsic value ratios for both companies are below 1, suggesting they may be undervalued based on projected future cash flows.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Cash Return On Invested Capital

    Uploaded by

    Michael Jacopino
    44 views8 pages
    The document compares financial metrics for AAPL and DLTR, including cash conversion cycle, cash return on invested capital, EV/EBIT, free cash flow to revenue, free cash flow to short term debt, inventory turnover, and EBIT to enterprise value. Most metrics for AAPL are stronger than DLTR, such as higher cash return on invested capital and free cash flow to revenue. The price to intrinsic value ratios for both companies are below 1, suggesting they may be undervalued based on projected future cash flows.

    Original Description:

    Stock

    Original Title

    Stock

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document compares financial metrics for AAPL and DLTR, including cash conversion cycle, cash return on invested capital, EV/EBIT, free cash flow to revenue, free cash flow to short term debt, inventory turnover, and EBIT to enterprise value. Most metrics for AAPL are stronger than DLTR, such as higher cash return on invested capital and free cash flow to revenue. The price to intrinsic value ratios for both companies are below 1, suggesting they may be undervalued based on projected future cash flows.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views8 pages

    Cash Return On Invested Capital

    Uploaded by

    Michael Jacopino
    The document compares financial metrics for AAPL and DLTR, including cash conversion cycle, cash return on invested capital, EV/EBIT, free cash flow to revenue, free cash flow to short term debt, inventory turnover, and EBIT to enterprise value. Most metrics for AAPL are stronger than DLTR, such as higher cash return on invested capital and free cash flow to revenue. The price to intrinsic value ratios for both companies are below 1, suggesting they may be undervalued based on projected future cash flows.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 8

    Cash Converstion Cycle 48.

    7 Lower Better need to compare to similar companies


    Cash Return on Invested Capital 9.09% >13%
    EV/EBIT 15.5944584 10x
    FCF to Sales 4.25% Higer Better >10%
    FCF to Short Term Debt 7.21991701 Ratio >1
    Inventory Turnover 6.2458766 Compare to Same Industry higher better
    EBIT/Enterprise Value 6.41% >=10%
    Price to Intrinsic Value 0.95871221 <1
    Days Inventory Outstanding 1.11
    Days Sales Outstanding 0
    Days Payables Outstanding 33.2
    Free Cash Flow 870 mil
    Invested Captial 4670 mil Shareholders Equity
    Enterprise Value 24764 Intrest Bearing Debt
    Earnings Before Interest & Tax 1588 Short Term Debt
    Sales 20449 Long Term Debt
    Short Term Debt 120.5
    Inventory 3274
    Price 78.02
    Intrinsic Value 81.38

    8.0%

    6.0%

    4.0%

    2.0%

    0.0%

    -2.0%

    -4.0%

    -6.0%
    Net Profit Margin (Net Income ÷

    Equity Multiplier (Total Assets ÷


    Skechers USA Inc. (SKX) 2010
    Revenue $ 1,205.4
    EBT $ 112.6
    EBIT $ 121.9
    Interest Expense $ 9.2
    Income Tax $ 41.7
    Net Income $ 71.0
    Total Assets $ 737.1
    Shareholders Equity $ 449.1

    Three-Step DuPont Model:


    Net Profit Margin (Net Income ÷ Sales) 5.9%
    Asset Turnover (Sales ÷ Total Assets) 1.64
    Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64
    Return on Equity 15.8%

    Five-Step DuPont Model:


    Tax Burden (Net Income ÷ EBT) 0.63
    Interest Burden (EBT ÷ EBIT) 0.92
    Operating Income Margin (EBIT ÷ Sales) 10.1%
    Asset Turnover (Sales ÷ Total Assets) 1.64
    Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64
    Return on Equity 15.8%

    15.0% 1.80 1.80

    1.60 1.60
    10.0% 1.40
    1.40

    1.20 1.20
    5.0%
    1.00 1.00

    0.80 0.80
    0.0%
    0.60
    0.60

    -5.0% 0.40
    0.40
    0.20
    0.20
    -10.0% 0.00
    0.00
    Operating Income Margin (EBIT ÷ Sales)
    Net Profit Margin (Net Income ÷ Sales) Asset Turnover (Sales ÷ Total Assets)
    Tax Burden (Net Income ÷ EBT)
    quity Multiplier (Total Assets ÷ Shareholders Equity) Interest Burden (EBT ÷ EBIT)
    Asset Turnover (Sales ÷ Total Assets)
    Equity Multiplier (Total Assets ÷ Shareholders
    Equity)
    2011 2012 2013 2014 2015 TTM
    $ 1,394.2 $ 1,440.7 $ 1,438.1 $ 2,011.4 $ 1,613.6 $ 1,455.6
    $ 118.3 $ 60.7 $ 71.1 $ 196.6 $ (131.0) $ (91.7)
    $ 123.1 $ 65.3 $ 74.2 $ 199.6 $ (123.2) $ (79.6)
    $ 4.8 $ 4.6 $ 3.0 $ 3.0 $ 7.9 $ 12.1
    $ 42.6 $ 7.3 $ 20.2 $ 60.2 $ (63.5) $ (40.5)
    $ 75.7 $ 55.4 $ 54.7 $ 136.1 $ (67.5) $ (52.1)
    $ 828.0 $ 876.3 $ 995.6 $ 1,304.8 $ 1,281.9 $ 1,316.1
    $ 626.7 $ 668.7 $ 745.9 $ 908.2 $ 852.6 $ 872.8

    5.4% 3.8% 3.8% 6.8% -4.2% -3.6%


    1.68 1.64 1.44 1.54 1.26 1.11
    1.32 1.31 1.33 1.44 1.50 1.51
    12.1% 8.3% 7.3% 15.0% -7.9% -6.0%

    0.64 0.91 0.77 0.69 0.51 0.57


    0.96 0.93 0.96 0.98 1.06 1.15
    8.8% 4.5% 5.2% 9.9% -7.6% -5.5%
    1.68 1.64 1.44 1.54 1.26 1.11
    1.32 1.31 1.33 1.44 1.50 1.51
    12.1% 8.3% 7.3% 15.0% -7.9% -6.0%

    1.80

    1.60

    1.40

    1.20

    1.00

    0.80

    0.60

    0.40

    0.20

    0.00
    AAPL
    Cash Converstion Cycle -51.98 Lower Better need to compare to similar companies
    Cash Return on Invested Capital 44.00% >13%
    EV/EBIT 11.49 10x
    FCF to Revenue 24.00% Higer Better >10%
    FCF to Short Term Debt 3.75 Ratio >1
    Inventory Turnover 59.89 Compare to Same Industry higher better
    EBIT/Enterprise Value 8.70% >=10% Tell is undervalued
    Price to Intrinsic Value 0.8 <1

    DLTR
    Cash Converstion Cycle 48.7 Lower Better need to compare to similar companies
    Cash Return on Invested Capital 9.09% >13%
    EV/EBIT 15.59 10x
    FCF to Revenue 4.25% Higer Better >10%
    FCF to Short Term Debt 5.95 Ratio >1
    Inventory Turnover 1.11 Compare to Same Industry higher better
    EBIT/Enterprise Value 6.40% >=10% Tell is undervalued
    Price to Intrinsic Value 1.73 <1 Intrinsic Value: Projected FCF

    You might also like