THE GARDEN MARKET SUPPLEMENT 2018 WOODCOTE GREEN: SPECTACULAR
The Numbers Sales £m
Gross profi t £m
Operating profi t £k Pre-tax profi t £k Staff
Salaries £m
The Ratios Stockturn
Gross margin %
11/12 12/13 13/14 14/15 2016 %change 10.8 12.6 13.7 15.2 16.2 2.3
5.8 6.3 7.0 7.4
530 855 777 1,282 1,557 534 855 777 1,283 1,559
3.3 3.5 3.7 3.7
6.5 5.5
21.5 21.5
106 119 125 138 195 41.3 3.0
Operating margin % 4.9 Net margin %
5.0
21.0 45.7 45.6 46.3 45.8 6.8 6.8
5.7 5.7
Staff costs/turnover % 27.9 25.8 25.5 24.5 23.0 -183.4 1256.7 516.0 811.1 501.3
9.2 8.0 -13.1 -1.0
8.4 9.6 14.0 8.4 9.6 14.0 -6.1
Return on capital % 32.6 39.9 37.1 52.2 36.5 -30.0 DIY Week index
DIYWK-23MAR18-RDT_Layout 1 20/03/2018 10:16 Page 1
Woodcote Green has historically recorded a massive stockturn fi gure, which we have always had diffi culty understanding. The stockturn is gradually coming down now to a more realistic level, but it’s still top of the class. The past fi ve years have seen spectacular growth in performance: sales up by 50% from £10.8m to £16.2m (that’s an average annual growth rate more than 8%, and from a single centre); gross profi t tripled; and operating and net margins doubled. Staff costs are falling steadily, and are now well below the market average; and the return on capital is enormous. Overall, it’s no surprise that Woodcote Green is consistently at the top of the DIY Week Index table.
0.1
11/12 12/13 13/14 14/15 2016 %change 12.4 10.6 10.3
Benchmark
WYEVALE: GETTING SMALLER The Numbers
Sales £m Gross profi t £m
2012 2013 2014 2015 2016 %change 259.2 276.2 290.4 311.1 325.4 125.7 146.9 164.0 159.6 144.7
4.6 -9.4
Operating profi t £k -19,220 21,960 32,504 47,865 -74,105 -254.8 Pre-tax profi t £k Staff
Salaries £m
The Ratios Stockturn
Gross margin %
-20,145 -11,757 -2,506 7,184 -117,842 -1740.3 n/a 3,266 3,550 3,536 6,266 77.2 n/a 64.5 70.2 71.4 84.1 17.7
2012 2013 2014 2015 2016 %change 4.6
3.9
Operating margin % -7.4 Net margin %
-7.8 2.9 3.0 4.2 41.4
48.5 53.2 56.5 51.3 44.5 -13.3 8.0 11.2 15.4 -22.8 -248.0 -4.3 -0.9
Staff costs/turnover % n/a 23.4 24.2 23.0 25.8 57.4 200.7 167.4 326.3 -439.6
2.3 -36.2 -1668.3 12.6
Return on capital % -47.9 -30.7 -7.1 14.6 158.4 985.8 DIY Week index
Wyevale, the UK’s largest garden centre operator, is in the process of getting smaller. From a peak of 147 centres, it is now down to 126, and it is expected more sales will be confi rmed before long, either to other garden centre chains or to developers. Its recent past has been one of steady sales growth, but the accounts make it diffi cult to track the profi t performance with any confi dence. Stockturn suff ered badly during 2014 and 2015; it has since recovered somewhat, but is still off the pace compared to the market average. Staff costs have always been lower than average, and the return on capital and DIY Week Index fi gures have of course fl uctuated along with the operating profi t performance.
“Supporting people of all ages in your industry”
Celebrate our 175th Anniversary by getting involved
WE NEED YOUR HELP …
• We need 175 volunteers • To raise £175 each • Please help us!
Registered Charity Number 1170878
www.diyweek.net
Contact us on 0121 237 1132 or via
info@rainydaytrust.org.uk
DIY WEEK GARDEN MARKET SUPPLEMENT 23
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60
