Gap 2022

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Objectives 2022 2021 2020 2019 2018

Net sales Gap 15,616 16,670 13,800 16,383 16,580


% Sales/Life Cycle Gap -1.2%
Net sales Inditex 27,716 20,402 28,285 26,145
% Sales Change Inditex
Sales Gap + Inditex 44,386 34,202 44,668 42,725
% Sales Change Inditex+Gap
Cost of goods sold 5,359 6,637 4,705 10,250 10,258
Gross profit 10,257 10,033 9,095 6,133 6,322

Profitability Ratios
Gross margin 38.1%
Operating margin 8.2%
Net profit margin 6.1%
Return on assets 44.8%
Return on equity 185.0%
Return on invested capital 47.2%

Inventory 2,156
Total assets 13,679
Working capital 1,307
Current liabilities 2,174
Total long-term liabilities 2,322
Total long-term debt 1,249
Stockholders' equity 3,316

Debt to equity ratio 1.36

Days of inventory 76.8

Number of employees 129,000


Sales/Number of employees 127,000
2019 2018 2017 2016 2015
Net sales Gap 16,383 16,580 15,855 15,516 15,797
Net sales Inditex 26,341 23,617
% Sales Change Inditex 0.12
Sales Gap + Inditex 41,857 39,414
% Sales Change Inditex+Gap 0.06
% Sales/Life Cycle Gap (0.01) 0.05 0.02 (0.02)
Cost of goods sold 10,250 10,258 9,789
Net income 351 1,003 848 676 920
Profitability Ratios
Gross margin 37.4% 38.1% 38.3% 36.3% 36.2%
Operating margin 3.5% 8.2% 9.3% 7.7% 9.6%
Net profit margin 2.1% 6.0% 5.3% 4.4% 5.8%
Return on assets 2.6% 12.5% 10.6% 8.9% 12.3%
Return on equity 10.6% 28.2% 27.0% 23.3% 36.1%
Return on invested capital 47.2% 44.4% 45.5% 44.1% 48.6%
EPS

Inventory 2,156 2,131 1,997 1,830 1,873


Total assets 13,679 8,049 7,989 7,610 7,473
Working capital 1,307 2,077 2,107 1,862 1,450
Total long-term debt 1,249 1,249 1,249 1,248 1,310
Stockholders' equity 3,316 3,553 3,144 2,904 2,545

Debt to equity ratio .38

Days of inventory 76.8

Number of employees 129,000


Sales/Number of employees 127,000

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