Jb Hi-Fi Report
Executive Summary
The purpose of this report is to evaluate the findings of an analysis conducted on JB Hi-Fi (JBH). This evaluation will be assessed to present a recommendation to acquire shares to add to an investment portfolio. This report will assess JBH relative to profitability, asset efficiency, liquidity, capital structure a
BSBFIA402A REPORT ON FINANICIAL ACTIVITY DANIELO FRUSCIANTE
BUSINESS REPORT
JB Hi-Fi (JBH) Company Profile
Sector: Services
Industry: Specialty Retail, Other
Public Company: Share holders
A public ltd company sells theirs shares through the stock exchange.Companies can have a full quotation put on the stock exchange so their share prices appear on the dealers screens.The main advantage of selling shares on the stock exchange is that large amounts of capital can be raised very quickly.
A disadvantage is that a business can be taken over if a large amount of shares are bought in a take over bid. It also cost alot to have shares quoted on the stock exchange.
JB Hi-Fi Limited (JBH) is a specialty discount retailer of branded home entertainment products. The Group 's products fall in into consumer electronics, car sound systems, music, DVDs and white goods. JBH does not operate a warehouse; instead all stock is delivered directly to each retail outlet and largely stored on the shop floor.
JBH uses its size and mix of high growth categories to increase its buying and advertising synergies. They are focused on growth, opening 39 stores in the past 2 years and a securing another 18 sites set to open in the 2009/2010 financial year. As of the 30th of June 2009, the company had 123 stores operating around Australia and New Zealand. (106 branded JB Hi-Fi)
JBH delivered another record result in 2009 with sales up 27.3%on the prior year, EBIT growth of 39% and NPAT growth of 45% at year-end. This was achieved through a combination of strong comparative store sales growth and a
The purpose of this report is to evaluate the findings of an analysis conducted on JB Hi-Fi (JBH). This evaluation will be assessed to present a recommendation to acquire shares to add to an investment portfolio. This report will assess JBH relative to profitability, asset efficiency, liquidity, capital structure a
BSBFIA402A REPORT ON FINANICIAL ACTIVITY DANIELO FRUSCIANTE
BUSINESS REPORT
JB Hi-Fi (JBH) Company Profile
Sector: Services
Industry: Specialty Retail, Other
Public Company: Share holders
A public ltd company sells theirs shares through the stock exchange.Companies can have a full quotation put on the stock exchange so their share prices appear on the dealers screens.The main advantage of selling shares on the stock exchange is that large amounts of capital can be raised very quickly.
A disadvantage is that a business can be taken over if a large amount of shares are bought in a take over bid. It also cost alot to have shares quoted on the stock exchange.
JB Hi-Fi Limited (JBH) is a specialty discount retailer of branded home entertainment products. The Group 's products fall in into consumer electronics, car sound systems, music, DVDs and white goods. JBH does not operate a warehouse; instead all stock is delivered directly to each retail outlet and largely stored on the shop floor.
JBH uses its size and mix of high growth categories to increase its buying and advertising synergies. They are focused on growth, opening 39 stores in the past 2 years and a securing another 18 sites set to open in the 2009/2010 financial year. As of the 30th of June 2009, the company had 123 stores operating around Australia and New Zealand. (106 branded JB Hi-Fi)
JBH delivered another record result in 2009 with sales up 27.3%on the prior year, EBIT growth of 39% and NPAT growth of 45% at year-end. This was achieved through a combination of strong comparative store sales growth and a
References: (2008) JBH Annual Report (2009) JBH Annual Report (Austock Equities Research – December Quarter 2009) Stocks to watch, May 10, 2010, http://www.watoday.com.au/business/markets/stocks-to-watch-20100510-um2x.html Symons, D. (April 13, 2010) Fading fiscal stimulus could put JB out of tune. http://www.watoday.com.au/business/fading-fiscal-stimulus-could-put-jb-out-of-tune-20100412-s43g.html Thomson, J (09 February 2010) The 10 strategy secrets of JB Hi-Fi, http://www.smartcompany.com.au/retail/20100209-the-10-strategy-secrets-of-jb-hi-fi-chief-richard-uechtritz-here-s-what-you-can-learn.html Bibliography Gitman, Juchau & Flanagan, Principles of Managerial Finance,5th edition, 2008, Australia Birt, Chalmers, Beal, Brooks, Byrne & Oliver, Accounting Business Reporting for Decision Making 2nd edition, 2008, Australia.