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The financial manager
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The financial manager
The Home Depot, Inc (HD)
The company does business as a retailer dealing in home improvement. It is involved in selling of building materials, products used in home improvement as well as lawn and garden products to do it yourself. It also offers installation services for “do it for me customers.’ Moreover the company offers professional installation of a number of products like generators.
Moreover the company does installation of carpets, tiles. This is a very interesting thing for the company installing home appliances as it is very good incentive for the customers. The company’s products are sold. As a more incentive to customers, the company offers free shipping for purchases exceeding 249 dollars.
The company also helps clients plan on what to buy for their kitchen as well as how to plan for a new kitchen look. It also provides a design tool enabling one to create a kitchen of his or her dream. The company is famous for its provision of high quality products at low prices. The store recognizes that a customer has a bill of rights. In view of this fact, they accord the customers the right to assortment, quantities and prices as well as offering them trained associates who usually take cars of the customers.
The future of Home Depot, Inc
The Company’s future looks promising. It is set to expand to other place besides America. Moreover the company is informed on the latest market trends and is therefore able to remain competitive in the market (Stanko & Zeller 2004). The company other greatest strength for maintaining competition in the market lies in its ability to sell high quality appliances at low prices. Besides the provision of these quality services, the company is distinct. Home Depot is undergoing upgrades focusing on its orange box store which the management believes will help to strengthen the ability of the firm to compete in the market. This is particularly so for macro pressure abates which will happen in the years to come.
Its growth will more likely depend on its future emphasis on customer care, making the stores cleaner as well as making the shopping experience more fun. This has helped in regaining and maintaining the market share the company had lost since 2000. It was being said recently that the company was closing all its branches but this will not happen as the company is focused on improving its performance and service delivery for its competitiveness in the market. If a company is able to stay competitive in the market, it means that it will remain in business as well as be able to dictate the market trends in this line of business (Stanko & Zeller 2004).
Financial highlights for the past one year
The company sales in the last 12 months totaled to 67.44 Billion Dollars. The income of the company is a total of 3.05 Billion. The company has experienced a decline in sales growth of about -7.20% while it experienced a positive growth in income of +13.30 and a net profit margin of 4.53. The debt equity ratio of the company is 0.51. The investors of the company are as follows: VA College America which holds 2.48 shares, Dodge & Cox Stock Fund which owns 1.07 % of the shares as well as Vanguard Five Hundred Index Fund which owns 0.91 & of the shares.
Company’s stock exchange
The stock exchange which the company is listed is Ney York stock Exchange. It uses the symbol HD in the stock market. It was listed in New York Stock Exchange in 1984. Prior to this listing, the company used to trade its stock over the counter. The rate of return for the past 12 months has been 35.53%. Most recent price of the company shares 36.70 USD. It therefore means that investors who bought the company shares a year ago will sell then the shares at approximately 1.50 dollars more. Theretofore the one year holding return for this company is 1.50 dollars which represents a gain in the share price albeit small (Stanko & Zeller 2004).
Top management of the company
The company was founded in 1978 by Bernie Marcus and Arthur Blank. The Chief Executive Officer who also doubles as the chairman of the company is Frank Blake. He joined the company in 2002 and was at this time the executive vice president. He was also responsible for real estate, call centers as well as strategic business development. Frank is a holder of bachelor’s degree from Harvard University as well as a degree in Jurisprudence from Colombia University. There is also a senior leadership team composed of executive presidents and vice presidents of various departments. The company has close to fifteen departments with each being headed by the Executive presidents assisted by vice presidents. Moreover there is also The Board of Directors that oversees the running of the company as well as appointment of the top management of the company.
Works cited
Stanko, Brian. Zeller, Thomas. Understanding corporate Annual Returns. Ausers Guide. New York. United States. Wiley & Sons. 2004. Pp 234-245
Groves, R. H. Principles of Business Mnagement. London. United Kingdom. Csiro Publishing. 2001. Pp 67-98.
Wellman, John. Louis. Organizational learning: how companies and institutions manage and apply knowledge. Washington D.C. United States. Palgrave Macmillan. 2009. Pp 176-198.
Cox, Leonard. Ricci, Franklin. Financial management. Washington D. C. United States. Springer. 1990. Pp 78-109.
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