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What accounts changed for the period (last 3 years) and how did this affect the financial analysis calculation? Why did the account change during the

  1. What accounts changed for the period (last 3 years) and how did this affect the financial analysis calculation?
  2. Why did the account change during the period (last 3 years)? Explain what business decisions may have caused the change.
  3. How does this change influence the company's performance (last 3 years)?

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HorizontalAnalysis Vertical Analysis All numbers in millions All numbers in millions 2022 2021 2020 2019 2022 2021 ZOZO 2022 2021 2020 2022 2021 2020 -32.32% -10.98% 7.25% -24.83% 37.19% -8.09% -22.17% -47.67% 6.70% 9.95% 11.74% 2.35% 6.99% 7.89% 16.34% 63.01% -29.69% 7.99% 7.49% 4.98% 62.03% -1.10% 1.40% 1.87% 1.25% 20.71% -7.50% 15.30% 11.21% 10.06% 0.42% -6.18% -11.73% 38.38% 38.41% 44.37% -5.53% 26.75% -4.23% 34.25% 36.43% 31.15% 6.79% 7.27% -1.64% 11.94% 11.24% 11.35% 11.42% 14.88% 28.94% 15.43% 13.92% 13.13% 0.50% 8.37% -4.32% 100.00% 100.00% 100.00% 17.08% 29.48% -8.52% 18.18% 15.60% 13.06% 24.96% 13.78% -6.20% 8.23% 6.62% 28.11% 11.27% 13.16% 17.25% 13.53% 6.30% 13.18% 22.71% 19.06% -0.31% 43.65% 35.75% 32.54% -9.30% 10.58% 7.47% 28.05% 31.08% 30.46% -7.84% -2.14% 7.89% 13.93% 15.19% 16.82% 4.92% 11.36% 4.24% 85.64% 0.00% 82.03% 0.00% 79.83% 0.00% 13.05% -155.16% 12.97% 12.41% -62.84% -67.39% 18.38% -0.87% 16.34% 1.58% 15.68% 4.62% -6915.34% -140.15% -30.48% -19.68% -3.44% -27.79% -3.15% 14.36% 0.05% 17.97% -0.13% 20.17% 100.00% 100.00% 100.00%

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