Business Description

Marks & Spencer Group Plc specializes in retailing food, clothing, and household products. Thomas Spencer and Michael Marks founded the company on September 28, 1884. Its headquarters are in London.

Key Financials

Revenue (US$ Mn)

• US$ 11,978 Mn was the annual revenue generated by Marks & Spencer Group Plc in 2021
• Marks & Spencer Group Plc’s annual revenue for 2020 was US$ 12,945 Mn, a -4.98% decrease from 2019
• From 2018’s annual revenues, Marks & Spencer Group Plc registered a 0.43% increase in 2019, amounting to US$ 13,623 Mn
• Total revenue of US$ 13,565 Mn was generated in 2018 by Marks & Spencer Group Plc

Operating Income (US$ Mn)

• Marks & Spencer Group Plc’s operating income for 2021 was US$ -40 Mn, a -112.35% decrease from 2020
• The operating income generated by Marks & Spencer Group Plc in 2020 was US$ 324 Mn
• At a -72.89% decrease from , Marks & Spencer Group Plc’s operating income of US$ 213 Mn was indexed in 2019
• Marks & Spencer Group Plc generated an operating income of US$ 786 Mn in 2018

Net Income (US$ Mn)

• Marks & Spencer Group Plc’s net income for 2021 was US$ -259 Mn, a -963.33% decrease from 2020
• The net income generated by Marks & Spencer Group Plc in 2020 was US$ 30 Mn
• At a -0.9% decrease from , Marks & Spencer Group Plc’s net income of US$ 44 Mn was indexed in 2019
• Marks & Spencer Group Plc generated a net income of US$ 44 Mn in 2018

Operating Margin %

• Marks & Spencer Group Plc’s operating margin for 2021 was %, a -112% decrease from 2020
• The operating margin generated by Marks & Spencer Group Plc in 2020 was 3%
• At a -95.93% decrease from , Marks & Spencer Group Plc’s operating margin of 2% was indexed in 2019
• Marks & Spencer Group Plc generated an operating margin of 37% in 2018

SWOT Analysis

Strengths

Improving inventory turnover ratio

The inventory turnover ratio of the company increased during the last year. The company’s inventory turnover ratio is higher than that of its competitors. This means that it takes the company less time to clear its inventory than its competitors. A company with a higher inventory turnover ratio and fewer inventory turnover days means that it has lower inventory carrying costs which can help improve its operating performance.

The company’s inventory turnover ratio was 8.8 in FY2019, compared with 8.6 for FY2018. Its inventory turnover ratio was greater than that of French Connection Group Plc (2.6), and Inditex SA (4.2). The company’s inventory turnover ratio is 42 days, compared to the 141 days and 87 days of French Connection and Inditex.

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