RE: [Epic] Epic rumours

From: Crocker, Cyril <ccrocker_at_...>
Date: Wed, 20 May 1998 11:00:11 -0400

I don't call any company that makes a net profit AFTER taxes greater
than $1 million US hurting. Sales may be lower but I'll be damned if
they're in any trouble.

----------
Cyril Crocker
Computer Technician
Proctor & Redfern Ltd.
ccrocker_at_...
----------


> -----Original Message-----
> From: William Rood [SMTP:wrood_at_...]
> Sent: Wednesday, May 20, 1998 10:31 AM
> To: space-marine_at_...
> Subject: Re: [Epic] Epic rumours
>
> I know I'll bore most of you with this, but here is the current
> Industry
> report on GamesWorkshop (US) Inc.
>
> The important figures to look at are Net Sales (11.48 Million $US) ,
> Gross
> Profit (6.24 Million $US), and Net profit after Tax (1.51 Million
> $US). This
> is down from all of their previous years. GW is hurting. And the
> interesting thing - the industry analysts state only one reason : they
> are
> targeting the wrong audience.
>
> They are focusing on 12-14 year old males who will only maintain the
> hobby
> for a few years. The analysts state they should be focusing on the
> 18-35
> crowd who are not looking for a passing fade, but a serious hobby, and
> have
> the income to spend.
>
> I hope this was of some interest, and may explain the recent rash of
> sales,
> failed product lines, etc. al.
>
> Regards,
>
> --
>
> // William Rood - Systems Development
> // Dow Jones and Company, Inc.
>
> -------------------------------------------------------------------
>
> LAST INDUSTRY UPDATE: 04/04/98
> DATE PRINTED: 05/20/1998
>
> INFO:
> STARTED 1984
> EMPLOYEES: 190
>
> GAMES WORKSHOP (US), INC
> 6721 BAYMEADOW DRIVE
> GLEN BURNIE
> MD 21060
>
>
> INDUSTRY ASSETS OVER 1 MIL. (NO GEO)
>
> FISCAL 05/31/96 106 FIRMS
> % CHANGE SUBJECT IND %
> %
> CASH.................. 2,418,361 312.6 43.5 9.2
> ACCOUNTS RECEIVABLE... 222,561 ( 66.3) 4.0 27.8
> NOTES RECEIVABLE...... ----- --- --- 0.6
> INVENTORY............. 1,258,346 20.3 22.6 39.4
> OTHER CURRENT......... ( 68,111) --- ( 1.2) 6.4
>
> TOTAL CURRENT......... 3,831,157 66.0 68.9 83.4
>
>
> FIXED ASSETS.......... 334,104 99.0 6.0 11.0
> OTHER NON-CURRENT..... 1,393,086 113.8 25.1 5.6
>
> TOTAL ASSETS.......... 5,558,347 77.7 100.0 100.0
>
>
> ACCOUNTS PAYABLE...... 51,779 ( 60.9) 0.9 25.6
> BANK LOANS............ ----- --- --- ---
> NOTES PAYABLE......... ----- --- --- 8.2
> OTHER CURRENT......... 375,719 ( 21.2) 6.8 16.8
>
> TOTAL CURRENT......... 427,498 ( 29.9) 7.7 50.6
>
>
> OTHER LONG TERM....... ----- --- --- 7.0
> DEFERRED CREDITS...... ----- --- --- ---
> NET WORTH............. 5,130,849 113.2 92.3 42.4
>
> TOTAL LIABIL & WORTH.. 5,558,347 77.7 100.0 100.0
>
> NET SALES............. 11,480,079 --- 100.0 100.0
> GROSS PROFIT.......... 6,252,593 --- 54.5 26.9
> NET PROFIT AFTER TAX.. 1,511,380 --- 13.2 3.6
> DIVIDENDS/WITHDRAWALS. ----- --- --- 2.3
> WORKING CAPITAL....... 3,403,659 100.4 --- ---
>
Received on Wed May 20 1998 - 15:00:11 UTC