Five-year performance review
For the year ended 31 August
| 5-year compound growth (%) | 2019 | 2018 | 2017 | 2016 | 2015 | ||
| Statements of comprehensive income | |||||||
| Turnover | (Rm) | 10.4% | 31 352 | 29 239 | 26 809 | 24 171 | 22 070 |
| Operating expenses | (Rm) | 9.9% | (6 329) | (5 853) | (5 333) | (4 796) | (4 339) |
| Operating profit | (Rm) | 13.8% | 2 321 | 2 032 | 1 814 | 1 572 | 1 396 |
| Profit before tax | (Rm) | 14.4% | 2 364 | 2 036 | 1 775 | 1 515 | 1 330 |
| Headline earnings | (Rm) | 15.3% | 1 704 | 1 469 | 1 269 | 1 099 | 960 |
| Statements of financial position | |||||||
| Non-current assets | (Rm) | 10.7% | 2 951 | 3 234 | 2 857 | 2 507 | 2 009 |
| Trade and other receivables | (Rm) | 10.5% | 2 647 | 2 331 | 2 212 | 2 013 | 1 871 |
| Inventories | (Rm) | 12.5% | 4 710 | 4 251 | 3 777 | 3 479 | 3 250 |
| Other current assets | (Rm) | 102.8% | 133 | 249 | 200 | 8 | 25 |
| Cash and cash equivalents | (Rm) | 68.1% | 2 614 | 1 524 | 700 | 370 | 401 |
| Total assets | (Rm) | 16.1% | 13 055 | 11 589 | 9 746 | 8 377 | 7 556 |
| Total equity | (Rm) | 25.7% | 4 913 | 4 424 | 3 296 | 2 452 | 2 013 |
| Non-current liabilities | (Rm) | 6.5% | 392 | 447 | 402 | 406 | 308 |
| Current liabilities | (Rm) | 12.3% | 7 750 | 6 718 | 6 048 | 5 519 | 5 235 |
| Total equity and liabilities | (Rm) | 16.1% | 13 055 | 11 589 | 9 746 | 8 377 | 7 556 |
| Statements of cash flows | |||||||
| Cash inflow from operating activities before dividends paid | (Rm) | 14.4% | 2 866 | 2 313 | 1 520 | 1 300 | 1 242 |
| Dividends paid | (Rm) | 18.0% | 981 | 812 | 677 | 586 | 491 |
| Capital expenditure | (Rm) | 13.9% | 647 | 671 | 518 | 433 | 370 |
| Returns and margin performance | 5-year average | ||||||
| Total income margin | (%) | 26.7 | 27.6 | 27.0 | 26.7 | 26.3 | 26.0 |
| Operating margin | (%) | 6.8 | 7.4 | 7.0 | 6.8 | 6.5 | 6.3 |
| Return on assets | (%) | 13.9 | 13.8 | 13.8 | 14.0 | 13.8 | 14.0 |
| Return on shareholders’ interest | (%) | 44.3 | 36.5 | 38.0 | 44.1 | 49.2 | 53.7 |
| Inventory days | 67 | 70 | 67 | 65 | 66 | 68 | |
| Asset turnover | (times) | 2.7 | 2.4 | 2.5 | 2.8 | 2.9 | 2.9 |
| Return on net assets | (%) | 97.7 | 97.6 | 102.2 | 98.6 | 93.5 | 96.7 |
| Shareholders’ interest to total assets | (%) | 33.1 | 37.6 | 38.2 | 34.0 | 29.3 | 26.6 |
| Share performance | 5-year compound growth (%) | ||||||
| Headline earnings per share – basic (cents per share) | 14.9% | 683.9 | 609.5 | 536.3 | 462.4 | 399.2 | |
| Headline earnings per share – diluted (cents per share) | 14.8% | 672.2 | 575.3 | 502.1 | 438.5 | 383.9 | |
| Cash equivalent earnings (cents per share) | 18.6% | 1 017.9 | 858.1 | 630.0 | 576.5 | 527.2 | |
| Net asset value (cents per share) | 24.7% | 1 953 | 1 809 | 1 395 | 1 037 | 839 | |
| Dividends declared (cents per share) | 18.6% | 445.0 | 380.0 | 322.0 | 272.0 | 235.0 | |
| Weighted average number of shares in issue (net of treasury shares) | (’000) | 249 125 | 241 073 | 236 526 | 237 565 | 240 603 | |
| Weighted average diluted number of shares in issue (net of treasury shares) | (’000) | 253 471 | 255 385 | 252 641 | 250 501 | 250 204 | |
| Shares repurchased | (Rm) | 211 | – | – | 290 | 176 | |
| Shares repurchased | (’000) | 1 115 | – | – | 3 360 | 2 376 | |
| A comprehensive five-year review and the annual financial statements are available on the website at www.clicksgroup.co.za. | |||||||