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Discuss any changes in performance during the two-year period for Coles and Woolworths. Update your assessment by including information from recent newspaper articles, company announcements,

Discuss any changes in performance during the two-year period for Coles and Woolworths. Update your assessment by including information from recent newspaper articles, company announcements, inflation, interest rate rise, and other macro-economic issues.

Comparative Analysis Coles & Woolworths
Coles 2023 Coles 2022 Woolworths 23 Woolworths 2022
Revenue 40,591 38,341 64,294 60,849
Net Income ($) 1,042 1,045 1,629 1,557
Average Assets ($) 18,564 18,480 33,461 36,255
Average Equity ($) 3,240 2,969 6,335 3,922
Average Liabilities ($) 15,324 15,511 27,126 32,333
ROE (NI/Equity) 32% 35% 26% 40%
ROA (NI/Assets) 5.6% 5.7% 4.9% 4.3%
Net Profit Margin (NI/Sales) 2.6% 2.7% 2.5% 2.6%
Turnover (Sales/Assets) 2.19 2.07 1.92 1.68
Leverage (Assets/Equity) 5.73 6.23 5.28 9.25

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