A comparison of the financial statements of Surfstitch Group Limited (Australia) and Ralph Lauren Corporation (United States of America) 1) Surfstitch and Ralph Lauren are both clothing manufacturing companies, however both companies are of varying size in different countries, this report will compare the accounting standards of both companies. Surfstitch: Surfstitch is an online Australia company that was formed in 2008 and focuses on surfing apparel. The company began when two surfers formed the company after they noticed a distinct lack of range, size and style of surfing clothes in Australian stores. Surfstitch now has a warehouse in Queensland and operates in Asia, Europe and the United States. Over the last ten years the company …show more content…
Ralph Lauren has provided details about their shares, telling the reader about their different tiered shares and how many shares they have currently issued and how many are outstanding. Surfstitch have provided far less detail and have only told the reader the income for their shares. This difference would be because Ralph Lauren get millions in shares whereas Surfstitch only has thousands. The terminology between both balance sheets is very similar with both companies using the same words all throughout their reports. This suggests that Australia and America have very similar accounting standards and it’s up to the individual company to determine how much information they want to provide (information on …show more content…
The first major difference is the name of the two statements, Surfstitch calls in a ‘Consolidated statement of profit or loss,’ whilst Ralph Lauren simply called it, ‘Consolidated statement of profit.’ This difference between the wording shows American companies are very optimistic and downgrade any loss they incur whilst Australian companies are more conservative and accepts they may face a loss. The format of the two reports is relatively similar with both companies showing their total profits and then showing any losses they have sustained. It is clear for the reader to find out the net profit or loss that each company faced over the past financial year. Australia and America have high levels of disclosure which allows people to make informed judgements about the performance of the companies. The main difference in format is that Surfstitch only shows information for 2016 and 2015 whilst Ralph Lauren shows their profit and Loss from 2015, 2014 and 2013. This wider range of information allows potential investors of Ralph Lauren to make informed
The purpose of this term paper is to discuss the similarities and differences between Talbots Inc. ("Talbots") and Chico's FAS Inc. ("Chico's"). This paper will detail the nature of each company's respective business, past financial performance, and expected future outlook. The paper is divided into two sections. The first section will discuss each company's history, business structure, and future plans independently from each other. The second section will discuss several important financial ratios and provide a detailed analysis comparing the two companies. By the end of this analysis, the reader will have a better understanding of these two retailers and the industry in which they operate.
A person can see from the analysis that both companies had a fewer profits in 2005 over 2004. The increase of operation expenses was the cause of low net profits. Both companies need to rethink their operating cost to decrease their expenses which in return can help increase their profit margin.
Eddie Bauer yielded the lowest net income among its competitors like The Gap, A & F and Land’s End. It achieved similar gross profit margin but got a poor performance on overall net income at 1% because it suffered from high expenditure on SG&A in both retail and catalog operations which accounted for 37% of its total net sales. This is extraordinary high while compared with its main competitors like A & F, and the Gap whose SG&A amounted to 22% and 27% of their net sales respectively (Table 1). A & F and Eddie Bauer are similar in size,
Home Depot, Lowe's and Wolseley are all major building equipment retailers, Wolseley having a more global presence as a UK-based firm that started in Australia. Home Depot is a North American operator and Lowe's is generally in the US only. This paper is going to analyze the balance sheets of these different firms to determine how each has performed over the course of recent years.
Chester Inc. is a client of SNHU, LLC who prepares the financial statements and financial analysis for Chester Inc. This report will detail several key items including the accounting effects of international expansion as it relates to differences between Generally Accepted Accounting Principles (GAAP), the United States standards, and the International Financial Reporting Standards (IFRS), the standards that would govern a portion of the financial reporting with an international expansion. This report will also review the financial performance of Chester Inc. Additionally; it will use ratio analysis to compare Chester Inc. with two of its main competitors.
Financial reporting in the recent years through the SEC mandates has become one of the most important aspects to corporate management. Stamford International's problem is inherent in the discrepancy in reporting system and accounting irregularities from the various aspects of the business. Not only has this but Stamford, due to rapid growth not been able to accommodate for the expansionary activities like acquisitions of units and international transactions. The result has been the experience of loss in earnings-per-share. In the following analysis, the researcher thus will outline some of the problems that Stamford should address and resolve accordingly to be able to post a positive quarterly report and remain compliant with the
Of the hundreds of named brand clothing that form part of the retail and fashion industry I chose to compare, for my analysis, Abercrombie & Fitch, Forever 21, American Eagle, and H&M. These stores are prominent, well-known for selling apparel, shoes, and accessories by the means of offering sales and promotions to their customers. This is a clever strategy for attracting customers, allowing them to believe that they bought goods at affordable, convenient prices – and not to mention the prestigious name prescribed to the clothing brands. Using keyhole.co as my main source, I obtained relevant and valuable information regarding the status of these brands. My intentions were to compare a period of 14 days, however, due to the limited access that I received from my free trial, the program only allowed me to see fewer of the dates than I anticipated. I want to take this opportunity and mention ahead of time that due to the various and distinctive products that are sold from these stores, when looking for the “spending capacity” I decided to focus on shirts/ jeans for men and women and compare the prices among them since each of these retailers carry those items and as a way to make this report easier to contrast and comprehend. Also, when approaching the section of “setting”, I screen-shotted some of the images on Instagram and made them into a collage to separate the type of clothes and trends that each of these brands sell currently. In the following modules
Fraser, L. M., & Ormiston, A. (201). Understanding financial statements (9th ed.). Upper Saddle River, NJ: Prentice Hall.
The purpose of the report is to measure the performance, financial position and liquidity of the general retailer, Debenhams plc. Its operation would be compared to that of the prior year as well as that of a rival company in the same industry.
Ralph Lauren Corporation (NYSE:RL) is well known in the apparel clothing field. The corporation engages in the design, marketing and distribution of lifestyle product. This analysis paper will illustrate the current financial situation and forecast the future free cash flow based on the previous financial statement and financial data collected. These information and forecast are served for the potential investor to have a general understanding of RL Corporation and make the right choice on their money.
This paper will seek to analyze the financial statements of the O.M Scott & Sons Company during the years 1957-1961, in order to provide readers with a thorough understanding of the various factors that may influence the future success of this business. Additionally, recommendations based on an analysis of their financial
A vertical and horizontal analysis of each company's balance sheet and income statement in this particular case will be enlightening. A vertical analysis will for instance shed some light on how revenue is being used. In this case, each component of the companies' financial statements will be converted into a percentage of a key component of either the balance sheet or the income statement. A special common size balance sheet and income statement will be utilized to ease comparison. The
David Jones Limited is a foreign-owned public company. It is owned by South African Woolworths Holding Limited. The company operates department store in Australia. There are 39 department stores existing across all states and territories in Australia. David Jones department store has a wide range of product to select, from ladies fashion, shoes and accessories, menswear, children’s wear, cosmetics, home decors, school supplies, office supply and many more. The company also offers financial services in alliance with American Express. Furthermore, the company also offers other products and services that include insurance cards, gift cards, online shopping, gift registry, hampers, flowers, food hall, The Rose Clinic health screening and interior decorating, (IBIS World, 2013)
In this assignment, I have chosen Burberry as the company to report. Burberry is one of the global luxury brand leader with a long history. It operates in three regions, Asia Pacific, Europe , Middle East, India and Africa (EMEIA) and Americas. I am interested in the firm’s performance in recent years. I am going to measure and analysis the performance of the corporate through Annual report 2015/16 and 2016/17 which published on 06-06-16 and 06-06-17 respectively.
The first one is the income statement – Income statement is a financial statement that