2020 Ace Retail Financial Report

Format Analysis

Home Centers

Hi Profit

Home Ctr Under $3

Home Ctr

Home Ctr

Home Ctr

Home Center

Home Center

$3 - $4 Million

$4 - $8 Million

Over $8 Million

Million

Sample Size

46

5

6

10

17

13

Typical Sales Volume ($)

5,606,107 14,679,589 1,921,131 3,693,257 6,037,536 14,679,589

Income Statement (% of sales)

Net Sales

100.0

100.0

100.0

100.0

100.0

100.0

Cost Of Goods Sold

67.7 32.3

60.7 39.3

65.0 35.0

68.2 31.8

67.5 32.5

68.0 32.0

Gross Margin Before Patronage Div.

Patronage Dividend

1.1

0.0

0.3

1.6

0.0

0.0

Gross Margin

33.4

39.3

35.3

33.4

32.5

32.0

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

3.4

N/A N/A N/A

5.3

3.8 8.7

3.6

2.5

11.0 14.4

10.8 16.1

10.4 14.0

11.4 13.9

12.5

1.3 0.9 0.2

1.1

1.1 1.0 0.3

1.4 0.8 0.2

1.2 0.8 0.2

1.2 1.2 0.2

N/A

0.1

Total Payroll Expenses

16.8

16.7

18.5

14.9

16.2

16.5

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

0.6 0.4 1.1 2.1 0.7 0.2 0.6 0.1 0.1 1.2 0.0 4.8 7.7

0.3 0.1 1.2 1.6

0.6 0.5 1.3 2.4 0.6 0.5 1.1 0.5 0.3 2.8 0.0 5.1

0.5 0.4 2.0 2.9 0.7 0.3 0.6 0.4 0.3 0.9 0.0 5.3 8.5

0.5 0.4 1.5 2.4 0.9 0.2 0.6 0.1 0.1 1.3 0.0 4.1 7.3

0.4 0.2 1.1 1.7 0.7 0.2 0.6 0.0 0.1 1.1 0.0 3.7 6.4

Total Occupancy Expenses Other Operating Expenses Advertising & Promotion

0.7

Telephone

N/A

Insurance (Business Liability & Casualty)

0.3 0.0 0.0 1.1 0.1 3.2 5.5

Interest Expense

Taxes (Pers. Property, Use, Licenses, Permits)

Depreciation

Bad Debt Losses

All Other Operating Expenses Total Other Operating Expenses

10.9 31.8

Total Operating Expenses

26.6

23.8 15.5

26.3

25.9

24.6

Operating Profit

6.8 1.6 8.4

3.5 0.8 4.3

7.1 2.0 9.1

6.6 1.0 7.6

7.4 2.7

Other Income/Expenses

2.5

Profit Before Taxes

18.0

10.1

Balance Sheet (% of assets)

Assets Cash & Marketable Securities

18.0 10.2 43.0

19.3

25.6

15.9 12.3 44.3

18.9 10.1 44.7

20.8 14.0 35.6

Accounts Receivable

8.4

4.9

Inventory

42.7

34.7

Other Current Assets Total Current Assets

1.1

0.9

1.4

1.8

1.3

0.9

72.3 27.7

71.3 28.7

66.6 33.4

74.3 25.7

75.0 25.0

71.3 28.7

Fixed & Noncurrent Assets

Total Assets

100.0

100.0

100.0

100.0

100.0

100.0

Liabilities & Net Worth Accounts Payable

6.8 2.4 5.8

6.4 3.2 4.3

3.2 0.9 4.7 8.8

10.7

6.4 2.9 7.9

5.4 2.4 5.2

Notes Payable

0.8 6.5

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

14.9

13.9

18.0 15.2

17.1

13.0

7.9 0.0

7.7 0.0

15.2

5.2 0.0

6.3 0.0

0.0

1.3

77.2

78.4

76.0

65.5

77.7

80.6

100.0

100.0

100.0

100.0

100.0

100.0

Owners' Return (%)

Owners' Discretionary Profit Margin Owners' Discretionary Return On Assets

11.8 28.2 35.6

19.2 N/A N/A

9.6

12.9 29.2 38.6

11.2 19.2 19.7

12.6 29.3 45.3

12.1 14.3

Owners' Discretionary RONW

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

27

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