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Current Ratio

Morrisons 2007 2008 2009 2010


Current Asset 766 910 1066 1094
Current Liability 1855 1853 2024 2152
Current Ratio 0.412938 0.491096 0.52668 0.508364

Liquidity Ratio
Morrisons 2007 2008 2009 2010
Current Assets 766 910 1066 1094
less: inventory 151 199 245 201
Current assets exl inventory 615 711 821 893
Current Liabilities 1855 1853 2024 2152
Liquidity Ratio 0.331536 0.383702 0.405632 0.41496

Stock holding period


Morrisons 2007 2008 2009 2010
Inventory 151 199 245 201
Cost of Sales 11826 12151 13615 14348
x 365 days 365 365 365 365
Stock holding period 4.660494 5.977697 6.568123 5.113256

GROSS PROFIT MARGIN


Morrisons 2007 2008 2009 2010
gross profit 636 818 913 1062
sales revenue 12462 12969 14528 15410
GROSS PROFIT MARGIN 5.103515 6.307348 6.284416 6.891629

Account receivables
Morrisons 2007 2008 2009 2010
Trade Debtor 151 199 245 201
Turnover 12462 12969 14528 15410
x 365 days 365 365 365 365
Account receivables 4.422645 5.600663 6.155355 4.76087
ROTA
Morrisons 2007 2008 2009 2010
EBIT 423 612 671 907
Non-Current Assets 6605 6726 7160 7666
Current Assets 766 910 1066 1094
Total Assets 7371 7636 8226 8760
ROTA % 5.738706 8.014667 8.157063 10.35388

DEBT-EQUITY
Morrisons 2007 2008 2009 2010
Debt 768 774 1049 1027
Equity 3927 4378 4520 4949
debt-equity ratio 0.195569 0.176793 0.23208 0.207517

ROCE
Morrisons 2007 2008 2009 2010
operating profit 423 612 671 907
equity + non current liabilities 5516 5783 6179 6631
ROCE % 7.6686 10.58274 10.85936 13.67818

OPERATING PROFIT MARGIN


Morrisons 2007 2008 2009 2010
operating profit 423 612 671 907
sales revenue 12462 12969 14528 15410
OPERATING PROFIT MARGIN 3.394319 4.718945 4.618667 5.885788

DIVIDEND PAYOUT RATIO


Morrisons 2007 2008 2009 2010
dividend 98 108 131 159
profit available for equitty shareholders 248 554 460 598
DIVIDEND PAYOUT RATIO 39.51613 19.49458 28.47826 26.58863

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