Wal-Mart Financial Statement Analysis - 3307 Words

The Paul Merage School of Business at UC Irvine | Financial Statement Analysis amp; Reporting: Earnings Quality and Asset Analysis | Company - WALMART | Kian BolooriHee Jun ChungDaejune Min | 1. Qualitative Analysis for the environment and the company (1) INDUSTRY ANALYSIS Walmart is in the discount retailer industry. This industry started in the 1950s, grew in the 1960s, and matured in the 1970s. With exception to a moderate growth period in the 1990s, the industry had remained stagnant since the 1970s. Today, three major players in the industry are Walmart, Target and Costco. The state of the discount retail industry is best understood through the Porter’s Five Forces analysis. * Competition: HIGH†¦show more content†¦For example, Walmart has partnered with companies in South Africa, China, and Brazil in order to expand into those markets. These opportunities have already proven profitable and continue to be a focus for the major discount retail firms. (3) WALMART STRATEGY Walmart’s business strategy is to keep costs low and pass the savings down to the customers. Walmart accomplishes this strategy through several means. First, Walmart cuts costs in its procurement channels. Walmart cuts out the manufacturers’ representatives and works with suppliers directly. In doing so, Walmart saves 3-4% on costs. Also, Walmart is able to use its IT networks to make sure the company orders the right about of inventory from suppliers so that the Walmart stores experience neither overstock nor stock-out. Second, Walmart keeps its labor costs low. Walmart maintains a frugal culture for all employees. For example, executives at the company are prohibited from accepting meals and gifts from third parties. Additionally, Walmart provides store workers with wages and benefits that are below those given by competitors. Third, Walmart invests in ways to cut distribution costs. For example, Walmart mastered the large-scale â€Å"cross-docking† to transfer merchandise directly from inbound trucks to store-bound trucks without storing the good in its distribution centers. Through these innovations, Walmart has been able to save 3-4% onShow MoreRelatedThe Financial Health Of Is Wal Mart1193 Words   |  5 Pagesbe evaluating the financial health of is Wal-Mart. Wal-Mart Stores Incorporated, manages chains of merchandising retailers in the United States of America as well as external retailers in the United States of America. In a duration of five years, Sam Walton opened additional retailers and the number of retailers enlarged to twenty-four retailers through Arkansas. Sam Walton released the first Wal-Mart store in Arkansas, United States to the public, in 1962. The merger of Wal-Mart Stores IncorporatedRead MoreWeek 5 Assignment Final Paper1735 Words   |  7 Pages Wal-Mart Financial Analysis Report Michael Thomas ACC205: Principles of Accounting Instructor: Mark Stricklett November 10, 2014 Wal-Mart Financial Analysis Report In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, whichRead MoreAmerican Corporation Analysis1425 Words   |  6 Pagesï » ¿ American Corporation Analysis ACC/561 September 19, 2013 Mr. Ponteja American Corporation Analysis Wal-Mart is one of the biggest retailers not only in the United States, but also internationally. The corporation was founded in Arkansas by Sam Walton in 1962 and has grown to produce revenue of over $460 billion while employing 2.2 million employees (Seeking Alpha, 2013). Wal-Mart is known for the low cost structure and has succeeded in the retail market. Although the corporation hasRead MoreFinancial Analysis Of Costco Wholesale Corporation1576 Words   |  7 PagesFinancial Analysis of Costco Wholesale Corporation Researching companies without the annual report is like exploring a cave without a flashlight. This analysis of Costco Wholesale Corporation proves stakeholders benefit by using information published in annual reports to analyze the past, present and future financial well-being of publically traded organizations. Whether one is an investor, a commercial loan officer, financial analyst, or a manager of the corporation, the annual report providesRead MoreWal Mart s Internal Strengths1446 Words   |  6 PagesIntroduction Wal-Mart is a well-known American company that operates retail stores includes grocery stores and combination of general products store. Wal-Mart is the number one retail stores in U.S. and in world wide. The everyday low price plan makes Wal-Mart different from the other competitors. The company’s internal strengths includes: low-price and customer oriented, offers one stop shopping, and cost advantages and this is why customers satisfied with the Wal-Mart every day low price planRead MoreWal Mart Stores, Inc. Analysis1124 Words   |  5 PagesWal-Mart Stores, Inc. Analysis of Annual Report In 1962, Sam Walton opened the first Wal-Mart in Rogers, Arkansas. Little did Walton know that a few years later, his company would be transformed into Wal-Mart Stores, Inc. Wal-Mart officially became a publicly traded company in 1970, selling their first stock at $16.50 per share (Our History, 2016). In today’s society, Wal-Mart serves many different uses across the globe. However, their consumers are typically Americans. It is the one-stop shop forRead MoreFinancial Analysis Of Wal-Mart. Kathleen Brown. Acc 2051545 Words   |  7 Pages Financial Analysis of Wal-Mart Kathleen Brown ACC 205 Principals of Accounting I Instructor Woods February 17, 2017 Company Overview Wal-Mart Stores, Inc. is a company based in America and it was started in 1962. The company is in the retail industry and it operates grocery stores, discount stores, and hypermarkets. The company’s headquarters are located in Arkansas. According to the Fortune Global 500, Wal-Mart is categorized as the world’s leader in revenue. The company is also consideredRead MoreEssay about Equity, Cash Flow, And Notes Analysis1081 Words   |  5 PagesCash Flow, and Notes Analysis Introduction The success of a business entity depends on its ability to properly create, understand and analyze the financial statements. Financial statement analysis is important for understanding profitability and a firms financial condition. These documents help a firm in many ways, such as in making better financial decision and creating a clearer picture to attract creditors and investors. In highlighting the financial numbers for Wal-Mart, Team A will addressRead MoreCase Study1414 Words   |  6 PagesWal-Mart Case Study Introduction 1. Brief History of Wal-Mart Wal-Mart is â€Å"the giant chain of discount stores, the second largest company in the world, with over $400 billion in revenue and 2.1 million associates.† (Philip and Kevin, p94) Wal-Mart began its business in 1962 when Sam Walton, the owner of Wal-Mart, opened up his first discount store in Rogers, Arkansas (Philip and Kevin, p94). In the next two decades, Wal-Mart expanding its scale rapidly. Since 1990s, Wal-Mart started to openedRead MoreTarget Financial Analysis Paper913 Words   |  4 Pagesslightly declined in 2016 to 2017(Stock Analysis on Net, 2017a). Wal-Mart Store cash and cash equivalents declined from 2015 to 2016 and from 2016 to 2017 by 4%. Wal-Mart Stores receivables, net declined by 2.5% in 2015 to 2016 but then slightly increased to 3% in 2016 to 2017. Wal-Mart Stores inventories declined in 2015 to 2016 and from 2016 to 2017 by 1%. Wal-Mart Stores current assets declined by 1.5% in 2015 which carrier the 1.5% which carries over to 2016. Wal-Mart Stores property and equipment, net

Wedding Speech Grandmother And I Sat On Her Velvet Soft...

Grandmother and I sat on her velvet soft carpet looking in photo albums and old dusty time capsules of her past relatives, I felt peace and happiness. She told me of her mothers and fathers and what had they Asachieved in their time. Suddenly, in one of the boxes I saw a piece of green metal, the color of the Statue of Liberty. I asked Grandma what it was. â€Å"Oh Emma dear, this was my Grandmother’s lucky penny. She gave it to me and I shall give it to you. It will bring you good luck,† cooed Grandma. â€Å"You really mean it!?† â€Å"Yes,† said Grandma. When I examined it more carefully, I noticed a small silver scrape across the top of it. I asked her about it and she said, â€Å"Signs of wear my darling. This way, you will have always have a†¦show more content†¦Still, it didn’t fill the empty hole left in my heart. A few weeks later I was lying in bed with my fists clutching the penny inside, and tears running through my eyes like a million little raindrops. Drip, drop, drip, drop! Life felt very different without Grandma and Grandpa living a short five-minute walk down the street. I tried to go on with my normal life, but I still felt lonely without them. My mom suggested maybe I could sign up to play a new sport or something. The only problem with that is every time I thought of sports, it reminded me that’s the reason Grandma and Grandpa moved in the first place. But the more I thought about it, the more I realized I needed something to keep my mind on something other than missing my grandparents. Besides, basketball did look kind of fun. And one of my best friends Lauren mentioned trying out when we were eating lunch in the cafeteria last week. Two days later, on Friday, I sprang out of bed, filled with excitement and a little bit of butterflies in my stomach. It was the big day of basketball tryouts. First, I put on my brand new basketball outfit my grandparents sent me from their new store. I love getting new clothes! It even smelled new. My grandma knows me so well! Black top and on the back, the word Edwin (my last name) spelled in perfect aqua letters, with the number ten (my favorite number) under it. My school colors! For the first time since they moved, I couldn’t help but

Historical Fiction Book Report Free Essays

Furthermore, after almost 30 years of fighting, Apache leader, Greenroom finally surrendered with his armed forces to General Nelson Miles. Also during 1886, a massive and destructive hurricane demolished the town of Dianna in the state of Texas. Based on my knowledge of life in 1886, if the story were to take place in in Daly City in 2014, the story would greatly differ. We will write a custom essay sample on Historical Fiction Book Report or any similar topic only for you Order Now Roads would be evenly and more efficiently paved. Modernized cars would replace horseback transportation. Likewise, farms would be replaced by studier homes, markets, and stores. Ellen Elizabeth Hawkins features as the main character of the story. A motherless twelve-year old, Ellen is adventurous and protective of others. Ellen is spirited and is willing to journey to far off lands. As in the story, because she enjoys an adventure, Ellen sets off into the distance to go rescue her Grandfather who has mysteriously disappeared. Just as her mother, Ellen is protective of animals, family, and all living beings. She treats her mare, Detroit with respect and is always concerned of Grandpa’s safety. However, Ellen may be rebellious at times of suspense. In addition, Grandpa and Detroit, as stated before, are also two important characters of the story. Grandpa, humorous and welcoming, is the only support that is given to Ellen. He has also taught Ellen the hard life as a cowboy and the effort that it may take. Detroit, loyal and obedient, is Allen’s fierce mare and use of transportation that travels without rest or fear of what is to come. To get the story started, author Kathleen Due uses a strong introduction that describes the conflict or situation, an intense drought and its immense heat. She begins by stating the shortage of water and supplies. As said, the central problem consists of a fearful drought that is causing immense heat and water shortage. The farm windmill is broken and the herd of bulls and cows has scattered in search of water. Allen’s father is away on business and Grandpa is hurt. Ellen is now left alone with her toughest challenge to save the ranch. The central problem is soon resolved with Allen’s determination and perseverance. The drought finally comes to an end and it begins to rain. Ellen heals Grandpa’s wounds and returns the Hereford bull after a dangerous aisle. Her father is home safe and Ellen has proved her worth as a cowboy. â€Å"American Diaries: Ellen Elizabeth Hawkins† is an exciting and action-packed story. This story is similar to another story I have read, entitled â€Å"Warriors: Fire and Ice† because both main characters face tough challenges and fierce conditions. Both main characters must also prove their worth in being or becoming something. Both stories are also alike in that they revolve around a journey or conflict to find or save something. Just as in † American Diaries: How to cite Historical Fiction Book Report, Papers

All Shook Up free essay sample

â€Å"FIVE MINUTES!† screeches our teacher. My heart pounds fiercely. I’m thirsty. I have to use the bathroom. What if? â€Å"You’re going to do great,† an inmate reassures me, knowing we need each other during the rigorous opening of â€Å"All Shook Up.† Did Elvis get this nervous before a show? The overture cuts off my thought. I take center stage and a deep breath. With my back to the audience, as the lights come up, I reassure myself that this is my time to show what I can do. When you’re in a game there is room for error, but in a musical there is no room. Everything must go as planned. The lines, dances, and music are all given to us, and we are expected to bring our characters to life. We dance off the stage as the curtain closes at the end of the show, using the audience’s energy. We will write a custom essay sample on All Shook Up or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page â€Å"That was fantastic, Jesse!† â€Å"Great job, man!† â€Å"Way to rock, Chad!† For the full two hour and 30 minute show, I became Chad. Does Elvis feel this? Do actors feel this rush? My thoughts are cut off by family, friends, and teachers. I am flattered by the compliments I am given for my performance as Chad. The week is seen in the side mirrors of Chad’s motorcycle. Ten minutes before the last show starts, I look at myself in the mirror thinking about the great performances I put on that week. I stand there proud with the effort I have put in to become everything my character would be. I’m glad I was given the chance to play the character Chad in â€Å"All Shook Up.† It allowed me to learn about myself. I love the responsibility of taking on new characters. When I come to your university, I will bring the same qualities I used in â€Å"All Shook Up:† hard work, perfectionism, and a positive attitude.