Question
Why is your TJX RNOA significantly different from that of ANF? Selected balance sheet and income statement information [US$ millions] from Abercrombie & Fitch [ANF]
Why is your TJX RNOA significantly different from that of ANF?
Selected balance sheet and income statement information [US$ millions] from Abercrombie & Fitch [ANF] and TJX Companies, clothing retailers in the high-end and value-priced segments, respectively, follows. Compute the 2016 return on net operating assets (RNOA) for both companies.
| 2016 Sales | 2016 NOPAT | 2016 NOA | 2015 NOA | |
| ANF | $2,784.7 | $324.7 | $565.0 | $ 361.7 |
| TJX | 16,057.9 | 708.5 | 2,235.9 | 2,139.5 |
ANF is 70.08% & TJX is 32.39%
Answer: Why is your TJX RNOA significantly different from that of ANF?
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Authors: Robert Sloan
1st Edition
0071636862,0071636870
