個案資料
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7-Eleven in Thailand
內容大綱
CP 7-Eleven is a prominent retail chain in Thailand. The analysis of the financial statements for the year 2011 revealed that while the earnings per share increased, the return on equity (ROE) declined. The company had negative working capital. It exerted strong bargaining power over its suppliers and customers and had efficient inventory management. It had been accumulating cash and other liquid assets over the last few years and it expanded in a well-planned manner, with almost 500 new stores every year. However, the company was viewed as having a lot of “fat” on its balance sheet. It was necessary to trim the fat and enhance ROE. The company needed to focus on strategies for future growth.
學習目標
<ul><li>Analyze retail business in the convenience store segment.</li><li>Analyze the impact of investment in working capital, long-term assets and liquidity.</li><li>Analyze the impact of excess liquidity on financial performance.</li><li>Analyze the strategic options available for companies in the retail sector to deploy their liquid assets in emerging markets, such as Thailand, in a way that enhances ROE and company value.</li></ul>