Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. The company was founded in 1962 by Sam Walton and is headquartered in Bentonville, Arkansas. Walmart is the world's largest company by revenue, with over 11,500 stores in 27 countries.
In 2011, Walmart released its financial statements for the fiscal year ending January 31, 2011. According to these statements, the company had net sales of $421.8 billion, an increase of 5.9% from the previous year. The company's net income for the year was $15.7 billion, a decrease of 1.7% from the previous year.
One of the main reasons for the decrease in net income was the increase in expenses. The company's expenses increased by 6.2% to $408.2 billion, primarily due to an increase in cost of goods sold, which accounted for 69.1% of total expenses. The company also saw an increase in selling, general, and administrative expenses, which accounted for 21.5% of total expenses.
Despite the decrease in net income, Walmart's financial position remained strong. The company had total assets of $203.9 billion, an increase of 5.6% from the previous year. The company's cash and cash equivalents also increased, reaching $6.8 billion.
In 2011, Walmart continued to expand its operations, both domestically and internationally. The company opened a total of 312 new stores, including 199 in the United States and 113 in international markets. The company also continued to invest in its e-commerce business, with online sales growing by 30% in the fiscal year.
Overall, Walmart's 2011 financial statements show that the company had a strong year, with net sales and total assets increasing. While the decrease in net income was a concern, the company's strong financial position and continued expansion plans suggest that it is well-positioned for future growth.
Interests in which Wal-Mart has a 40% to 60% voting hobby and which Management control are represented utilizing the value technique. Please note, there is a significant difference between Walmart's value and its price as these two are different measures arrived at by different means. Investors typically determine Walmart value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Source: FactSet Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The operating expense of Walmart as a percentage of sales seemed to be a steady trend in the past 5 years. See Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings.
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. This is because Walmart is significantly broader in regards to geographical location and respective target… Analysis Of Walmart's Competitive Advantage 's annual report is the foremost means of displaying the potential of the entity to prospective investors since it financial situation and general operations of the business. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Copyright © FactSet Research Systems Inc. Wal-Mart values their stock at the lower of expense business sector as decided essentially by the retail technique for bookkeeping, utilizing the last-as a part of, first-out LIFO system for generously all residential stock inventories, with the exception of SAM'S CLUB stock, which depends by and large cost utilizing LIFO strategy. FactSet a does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and b shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom.
