2020 Ace Retail Financial Report

Format Analysis

Super Hardware Stores

Rural Super

Suburban

Suburban

Urban Super

Fringe Super

Super

Hardware

Hardware

Hardware

Sample Size

26

54

104

Insufficient

Typical Sales Volume ($)

4,361,006

4,168,117

4,890,821

Sample

Income Statement (% of sales)

Net Sales

100.0

100.0

100.0

Cost Of Goods Sold

61.0 39.0

62.2 37.8

60.1 39.9

Gross Margin Before Patronage Dividend

Patronage Dividend

0.9

1.5

1.4

Gross Margin

39.9

39.3

41.3

Payroll Expenses Owners/Officers Salaries & Bonuses All Other Employee Wages & Bonuses Total Salaries, Wages & Bonuses Payroll Taxes (FICA, Workers’ Comp. & Unemp.) Group Insurance (Hospital, Medical, Life) Benefit Plans (Pension, Profit Sharing, etc.)

2.7

2.7

2.6

10.7 13.4

11.5 14.2

12.7 15.3

1.1 0.3 0.2

1.2 0.7 0.2

1.4 0.5 0.2

Total Payroll Expenses

15.0

16.3

17.4

Occupancy Expenses Utilities (Heat, Light, Power, Water) Building Repairs & Maintenance Rent Or Ownership In Real Estate*

0.7 0.2 3.3 4.2 1.6 0.2 0.5 0.2 0.3 0.5 0.0 7.1

0.7 0.3 3.3 4.3 1.5 0.3 0.5 0.4 0.0 0.6 0.0 6.7

0.8 0.3 4.5 5.6 1.7 0.2 0.3 0.1 0.0 0.7 0.0 6.6 9.6

Total Occupancy Expenses Other Operating Expenses Advertising & Promotion

Telephone

Insurance (Business Liability & Casualty)

Interest Expense

Taxes (Personal Property, Use, Licenses, Permits)

Depreciation

Bad Debt Losses

All Other Operating Expenses Total Other Operating Expenses

10.3 29.5 10.4

10.0 30.6

Total Operating Expenses

32.6

Operating Profit

8.7 1.5

8.7 1.5

Other Income/Expenses

0.7

Profit Before Taxes

11.1

10.2

10.2

Balance Sheet (% of assets)

Assets Cash & Marketable Securities

27.7

19.5

18.9

Accounts Receivable

3.8

3.6

3.1

Inventory

45.8

53.5

51.0

Other Current Assets Total Current Assets

4.4

3.0

4.8

81.7 18.3

79.6 20.4

77.7 22.3

Fixed & Noncurrent Assets

Total Assets

100.0

100.0

100.0

Liabilities & Net Worth Accounts Payable

5.7 0.0 4.2 9.9

7.8 0.0 7.1

10.0

Notes Payable

0.0

Other Current Liabilities Total Current Liabilities Long Term Liabilities Loans From Stockholders Net Worth Or Owner Equity Total Liabilities & Net Worth

12.7 22.6 15.6

14.9 14.4

21.0

0.0

0.0

0.0

69.1

70.7

61.7

100.0

100.0

100.0

Owners' Return (%)

Owners' Discretionary Profit Margin Owners' Discretionary Return On Assets Owners' Discretionary Return On Net Worth

14.8 43.1 46.7

12.9 32.3 51.8

12.8 30.3 51.4

*includes rent, mortgage interest, building depreciation, real estate insurance and real estate taxes

25

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