Home Depot Financial Statement
Home Depot is one of the largest home repair retailers in my area. I will highlight their 2015 financial statement, and give examples of how the statement could be useful to their business leaders, as well as outside venders.
2015 financial highlights. (n.d.). In fiscal year 2015, we grew sales for the sixth consecutive year, with positive sales growth in all three U.S. Divisions, Canada and Mexico. Comparable store sales were up 5.6 percent; total sales were up 6.4 percent; and diluted earnings per share were up 15.9 percent. In the U.S., comparable store sales were 7.1 percent. - See more at: http://www.homedepotar.com/highlights.html#sthash.GBqkDI5D.dpuf
The first order of business would be to insure their business partners and investors are comfortable with numbers on their financial statements. It is important for the company …show more content…
The income statement is an accumulation of information gathered over time, for example from January 2015 to January 2016 this year over last year’s figures.
When I look at Home Depot financial reports I see a consistent increase in their assets over last year’s figures. However, there seems to be inconsistencies in assets, liabilities, and shareholders’ equity on the balance sheet indicating that there is ether an accounting error or a change in assets.
However, Home Depot income statement shows for the fiscal years (52 weeks) they have hade significate increases in their net sales, and gross profits over the last three years.
Home Depot financial statement is a good method of motivation their management staff in weekly or quarterly meetings. It is important for the managers to understand, and can analyze the financial statements for them to gauge their present, past and future
2015 financial highlights. (n.d.). In fiscal year 2015, we grew sales for the sixth consecutive year, with positive sales growth in all three U.S. Divisions, Canada and Mexico. Comparable store sales were up 5.6 percent; total sales were up 6.4 percent; and diluted earnings per share were up 15.9 percent. In the U.S., comparable store sales were 7.1 percent. - See more at: http://www.homedepotar.com/highlights.html#sthash.GBqkDI5D.dpuf
The first order of business would be to insure their business partners and investors are comfortable with numbers on their financial statements. It is important for the company …show more content…
The income statement is an accumulation of information gathered over time, for example from January 2015 to January 2016 this year over last year’s figures.
When I look at Home Depot financial reports I see a consistent increase in their assets over last year’s figures. However, there seems to be inconsistencies in assets, liabilities, and shareholders’ equity on the balance sheet indicating that there is ether an accounting error or a change in assets.
However, Home Depot income statement shows for the fiscal years (52 weeks) they have hade significate increases in their net sales, and gross profits over the last three years.
Home Depot financial statement is a good method of motivation their management staff in weekly or quarterly meetings. It is important for the managers to understand, and can analyze the financial statements for them to gauge their present, past and future