Financial analysis of the Carrefour Group

Résumé du document

In forty years, the Carrefour group which was the French international chain of hypermarkets became a leader across the European continent. From the global front, it was the 2nd largest retail group in the world just behind the American Wal-Mart in terms of revenue and sales figures. The French chain of markets was founded in 1959 in Annecy by Marcel Fournier and Denis Defforey. It started as a small Carrefour store and thereafter gradually grew to emerge as a group present across more than 29 countries all around the world comprising of more than 15 millions of m² of shops. The spread is concentrated in Europe, South America and Asia, as well as in the other zones of the world in the form of local partnerships. The Carrefour activity can be represented by more than 3 billions of cash desk passages each year. Pioneer in the concept of hypermarket in 1963 (first supermarket built in Sainte Genevieve des Bois, near Paris), the group is also present in the other formats of large scale retail distribution, essentially as supermarkets and by providing hard discounts.

Extraits

[...] ROE is a measure of the return on money provided by the firm's owners. ROE can be calculated indirectly as: (net Income / Total Assets) x (Total Assets / Equity) ROE also can be calculated using DuPont analysis : (Net Income / Sales) x (Sales / Total Assets ) x (Total Assets / Equity ) The return on equity has decrease of between 2005 and 2006 because of the decrease of the net incomes and the increase of sales, total assets and total equities on the other hand. [...]

[...] The Group Carrefour is a very big employer. He is the eleventh world private employer, the first one in France and in Greece as well as the third in Brazil. The co-workers are situated in in Europe in Americas and in Asia, what indicates that approximately two co-workers on three works in Europe and one on three in the rest of the world. The Group Crossroads is recognized as a hard employer on the working conditions of its employees for example as regards schedules, such as the part-time of the cashiers either the results asked to the department managers, as demonstrates it Philippe Philonenko's book[1], which had a strong media coverage in 1997. [...]

[...] The blue colour dominates the entirety of this report. Analysis of ratios and financial datas Synthesis board Net sales increased by at current exchange rates and by at constant exchange rates (an increase of over two points compared with growth rates recorded in 2005 and 2004); Turnover evolution, in billions The jump of turnover is evident in and 2001, four years bound to a policy of external growth: 1991: Impact of the repurchases of Montlaur and Euromarket 1999: impact of the repurchase of Comptoirs Modernes 2000: impact of the merger with Promodès. [...]

[...] Financial analysis of the Carrefour Group Table of Content Introduction I. Management of the company Executive summaries Management and Human resources II. Carrefour and its market the retail market Evolution of the French market Carrefour Group Competition III. Financial analysis Risk Management Annual Report Analysis of ratios and financial datas IV. Recommendations V. Bibliography Introduction In forty years, the Carrefour group; french international chain of hypermarket, became a leader; number 1 in Europe, 2nd largest retail group in the world behind the American Wal-Mart in term of revenues and sales figures. [...]

[...] This ratio - enters other - is used by financial analysts and the agencies of financial notation to judge the solvency of a company. It corresponds simply to the net debt (debt less available finance) divided by stockholders' equities (own capital). It is collectively allowed that a ratio is a ceiling which It should not to be exceeded by most of the companies. For comparison and to illustrate the decrease of the group debts, the ratio was in 2000. Indeed, since 2000, the policy of big acquisitions is finished, and the self-financing has always been superior to the investments. [...]