Ross 2008 Annual Report Download - page 23

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21
Selected Financial Data
($000, except per share data) 2008 2007 20061 2005 2004
Financial Position
Merchandise inventory $ 881,058 $ 1,025,295 $ 1,051,729 $ 938,091 $ 853,112
Property and equipment, net 951,656 868,315 748,233 639,852 556,178
Total assets 2,355,511 2,371,322 2,358,591 1,938,738 1,741,215
Return on average assets 13% 11% 11% 11% 10%
Working capital 358,456 387,396 431,699 349,864 416,376
Current ratio 1.4:1 1.4:1 1.4:1 1.4:1 1.6:1
Long-term debt 150,000 150,000 150,000 — 50,000
Long-term debt as a percent
of total capitalization 13% 13% 14% — 6%
Stockholders’ equity 996,369 970,649 909,830 836,172 765,569
Return on average
stockholders’ equity 31% 28% 28% 25% 22%
Book value per common share
outstanding at year-end $ 7.82 $ 7.24 $ 6.53 $ 5.80 $ 5.22
Operating Statistics
Number of stores opened 77 97 66 86 84
Number of stores closed 11 4 3 1 3
Number of stores at year-end 956 890 797 734 649
Comparable store sales increase
(decrease)2 (52-week basis) 2% 1% 4% 6% (1%)
Sales per square foot of selling
space3 (52-week basis) $ 298 $ 301 $ 305 $ 304 $ 297
Square feet of selling space
at year-end (000) 22,500 21,100 18,600 17,300 15,300
Number of employees at year-end 40,000 39,100 35,800 33,200 30,100
Number of common stockholders
of record at year-end 754 760 749 756 753
1 Fiscal 2006 was a 53-week year; all other fiscal years presented were 52 weeks.
2 Comparable stores are stores open for more than 14 complete months.
3 Based on average annual selling square footage.