Home Depot 2012 Fiscal Year Report

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The Home Depot 2012 fiscal year has been completed, so the past five years for Home Depot are 2008-2012. The fiscal year ends at the end of January, so these roughly correspond with the calendar year previous, for example FY2012 is basically calendar year 2011. The financial figures and ratios for Home Depot over the past five years are as follows: Figure 2012 2011 2010 2009 2008 Net sales 70395 67997 66176 71288 77349 Sales Î" +3.5% +2.8% -7.2% -7.8% -2.1% COGS 46133 44693 43764 47298 51352 Gross margin 34.4% 34.2% 33.8% 33.6% 33.6% Operating margin 9.5% 8.6% 7.3% 6.1% 9.4% Net margin 5.5% 4.9% 4.0% 3.2% 5.7% ROE 21.6% 17.7% 13.7% 12.7% 24.8% ROTA 9.6% 8.3% 6.5% 5.5% 9.9% D/A 55.8% 52.9% 52.6% 56.8% 60.0% D/E 1.26 1.12 1.10 1.31 1.50 Current 1.54 1.33 1.34 1.19 1.15 X Int Earn 11.0 11.0 7.1 7.0 10.7 Inv Turn 4.46 4.2 4.3 4.43 4.4 Dividend 0 0 0 0 0 EPS Basic 2.49 2.03 1.58 1.34 2.38 These figures chart the struggles that Home Depot faced over the past five years. The first period, FY2008, which was mostly the 2007 year, saw the company already beginning to slump, with sales sinking. Home Depot's business is highly correlated with the state of the housing market, as people buying homes are the main drivers of spending at home renovation and repair stores. Thus, when the housing market began to slump in 2007, Home Depot's revenues began to decline. This trend continued over the

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