Koninklijke Ahold Delhaize NV
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Quick analysis of Koninklijke Ahold Delhaize NV (30 sec.)

1. Valuation of Koninklijke Ahold Delhaize NV (5 min.)

Current price per share

€29.55

Book Value per Share

€15.76

2. Growth of Koninklijke Ahold Delhaize NV (5 min.)

Is Koninklijke Ahold Delhaize NV growing?

	Current year	Previous year	Grow	Grow %
How rich?	$16.5b	$14.2b	$2.1b	13.0%

How much money is Koninklijke Ahold Delhaize NV making?

	Current year	Previous year	Grow	Grow %
Making money	$682m	$601.6m	$80.3m	11.8%
Net Profit Margin	2.9%	3.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Koninklijke Ahold Delhaize NV (5 min.)

4. Comparing to competitors in the Grocery Stores industry (5 min.)

Industry Rankings (Grocery Stores)

Richest
#5 / 72

Most Revenue
#13 / 72

Most Profit
#8 / 72

Most Efficient
#26 / 72

Fundamentals of Koninklijke Ahold Delhaize NV

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Koninklijke Ahold Delhaize NV.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Koninklijke Ahold Delhaize NV earns for each €1 of revenue.

Above 10% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
A Net Profit Margin of 3.5% means that €0.03 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Koninklijke Ahold Delhaize NV:

The MRQ is 3.5%. The company is making a profit. +1
The TTM is 2.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	3.5%	TTM	2.9%	+0.5%
TTM	2.9%	YOY	3.0%	-0.1%
TTM	2.9%	5Y	2.7%	+0.3%
5Y	2.7%	10Y	2.5%	+0.1%

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	3.5%	2.2%	+1.3%
TTM	2.9%	2.4%	+0.5%
YOY	3.0%	2.5%	+0.5%
5Y	2.7%	2.6%	+0.1%
10Y	2.5%	2.5%	+0.0%

Measures how much net profit Koninklijke Ahold Delhaize NV earns for each €1 of revenue.

Revenue is the amount of profit Koninklijke Ahold Delhaize NV generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you €3. The company does not earn €3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is €1.5.

The €3 you pay for a cup of coffee is called revenue.
The €1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Koninklijke Ahold Delhaize NV earns for each €1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be used to compare companies within the Grocery Stores industry.

You typically want a high profit margin. This means that for each €1 in sales, Koninklijke Ahold Delhaize NV makes more profit. This shows the investor how efficiently Koninklijke Ahold Delhaize NV is operating in general and compared to other companies in the same industry. Koninklijke Ahold Delhaize NV operates in the Grocery Stores industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Koninklijke Ahold Delhaize NV. If profit margins remain low (compared to the Grocery Stores industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Koninklijke Ahold Delhaize NV is 0.03. This means that Koninklijke Ahold Delhaize NV earned €0.03 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Grocery Stores industry is 2.2%.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Koninklijke Ahold Delhaize NV with other companies in the same industry (Grocery Stores).
Net profit margin should rise over the years.
Can be influenced when Koninklijke Ahold Delhaize NV sells assets (profit will increase while costs remain the same).
It won’t show what part of Koninklijke Ahold Delhaize NV is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Koninklijke Ahold Delhaize NV

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Koninklijke Ahold Delhaize NV = 808,000
Total revenue MRQ Koninklijke Ahold Delhaize NV = 23,358,000
€808,000 / €23,358,000 = 0.03 or 3.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Koninklijke Ahold Delhaize NV is using its assets to generate profit.

Above 5% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
1.7% Return on Assets means that Koninklijke Ahold Delhaize NV generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Koninklijke Ahold Delhaize NV:

The MRQ is 1.7%. Using its assets, the company is less efficient in making profit.
The TTM is 1.3%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.7%	TTM	1.3%	+0.4%
TTM	1.3%	YOY	1.2%	+0.0%
TTM	1.3%	5Y	1.1%	+0.1%
5Y	1.1%	10Y	1.2%	-0.1%

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	1.7%	1.2%	+0.5%
TTM	1.3%	1.3%	0.0%
YOY	1.2%	1.4%	-0.2%
5Y	1.1%	1.3%	-0.2%
10Y	1.2%	1.2%	+0.0%

Shows how efficient Koninklijke Ahold Delhaize NV is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Koninklijke Ahold Delhaize NV is using its resources to generate profit. If the return on assets (1.7%) from Koninklijke Ahold Delhaize NV are higher than the Grocery Stores mean (1.2%) that means Koninklijke Ahold Delhaize NV is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Koninklijke Ahold Delhaize NV is 1.7%. This means the company generated €0.02 for each €1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Grocery Stores industry is 1.2%.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Koninklijke Ahold Delhaize NV

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Koninklijke Ahold Delhaize NV = 808,000
Total assets MRQ (balance sheet) from Koninklijke Ahold Delhaize NV = 48,555,000
808,000 / 48,555,000 = 0.02 or 1.7%

ROA is an important ratio as it will tell you how effectively Koninklijke Ahold Delhaize NV is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Koninklijke Ahold Delhaize NV is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
5.2% Return on Equity means Koninklijke Ahold Delhaize NV generated €0.05 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Koninklijke Ahold Delhaize NV:

The MRQ is 5.2%. Using its investors money, the company is less efficient in making profit.
The TTM is 4.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	5.2%	TTM	4.2%	+1.1%
TTM	4.2%	YOY	4.2%	-0.1%
TTM	4.2%	5Y	3.4%	+0.8%
5Y	3.4%	10Y	3.4%	0.0%

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	5.2%	3.7%	+1.5%
TTM	4.2%	4.2%	0.0%
YOY	4.2%	4.9%	-0.7%
5Y	3.4%	4.2%	-0.8%
10Y	3.4%	3.6%	-0.2%

Shows how efficient Koninklijke Ahold Delhaize NV is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Grocery Stores industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Koninklijke Ahold Delhaize NV is 5.2%. This means Koninklijke Ahold Delhaize NV generated €0.05 for each €1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Grocery Stores industry is 3.7%.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if Koninklijke Ahold Delhaize NV existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Koninklijke Ahold Delhaize NV

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Koninklijke Ahold Delhaize NV = 808,000
Shareholders equity (balance sheet) MRQ Koninklijke Ahold Delhaize NV = 15,405,000
808,000 / 15,405,000 = 0.05 or 5.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Koninklijke Ahold Delhaize NV.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Koninklijke Ahold Delhaize NV is operating .

Measures how much profit Koninklijke Ahold Delhaize NV makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
An Operating Margin of 0.0% means the company generated €0.00 for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Koninklijke Ahold Delhaize NV:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	3.1%	-3.1%
TTM	3.1%	YOY	4.5%	-1.4%
TTM	3.1%	5Y	5.5%	-2.5%
5Y	5.5%	10Y	3.5%	+2.1%

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	-	3.0%	-3.0%
TTM	3.1%	2.9%	+0.2%
YOY	4.5%	4.2%	+0.3%
5Y	5.5%	4.0%	+1.5%
10Y	3.5%	3.4%	+0.1%

Measures how efficient Koninklijke Ahold Delhaize NV is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Koninklijke Ahold Delhaize NV is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Koninklijke Ahold Delhaize NV is 0.0%. This means that Koninklijke Ahold Delhaize NV earned €0.00 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Grocery Stores industry is 3.0%.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Koninklijke Ahold Delhaize NV

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Koninklijke Ahold Delhaize NV = 1,166,000
Total revenue MRQ Koninklijke Ahold Delhaize NV = 23,358,000
€1,166,000 / €23,358,000 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Koninklijke Ahold Delhaize NV is keeping operating costs low.

Below 1 is considered healthy (always compare to Grocery Stores industry mean).
An Operation Ratio of 1.68 means that the operating costs are €1.68 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 1.683. The company is inefficient in keeping operating costs low. -1
The TTM is 1.689. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.683	TTM	1.689	-0.006
TTM	1.689	YOY	1.682	+0.007
TTM	1.689	5Y	1.689	+0.000
5Y	1.689	10Y	1.320	+0.369

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	1.683	1.607	+0.076
TTM	1.689	1.600	+0.089
YOY	1.682	1.582	+0.100
5Y	1.689	1.422	+0.267
10Y	1.320	1.228	+0.092

Measures how efficient Koninklijke Ahold Delhaize NV is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Koninklijke Ahold Delhaize NV is 168.3%. This means that Koninklijke Ahold Delhaize NV earned €1.68 for each €1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Grocery Stores industry is 1.61.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(17,127,000 +22,193,000) \ 23,358,000 = 1.68

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Koninklijke Ahold Delhaize NV.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Koninklijke Ahold Delhaize NV is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Grocery Stores industry mean).
A Current Ratio of 0.72 means the company has €0.72 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 0.717. The company is unable to pay all its short-term debts. -2
The TTM is 0.721. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.717	TTM	0.721	-0.003
TTM	0.721	YOY	0.730	-0.009
TTM	0.721	5Y	0.790	-0.069
5Y	0.790	10Y	0.514	+0.276

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	0.717	0.836	-0.119
TTM	0.721	0.872	-0.151
YOY	0.730	0.815	-0.085
5Y	0.790	0.863	-0.073
10Y	0.514	0.839	-0.325

Measures if Koninklijke Ahold Delhaize NV is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Grocery Stores industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Koninklijke Ahold Delhaize NV if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Koninklijke Ahold Delhaize NV is 0.72. This means Koninklijke Ahold Delhaize NV has €0.72 in assets for each €1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Grocery Stores industry is 0.84.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
10,818,000 \ 15,082,000) = 0.72

The current ratio measures if Koninklijke Ahold Delhaize NV is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Koninklijke Ahold Delhaize NV is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Koninklijke Ahold Delhaize NV does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Koninklijke Ahold Delhaize NV is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Koninklijke Ahold Delhaize NV is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
A Quick Ratio of 0.11 means the company can pay off €0.11 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 0.112. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.156. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.112	TTM	0.156	-0.045
TTM	0.156	YOY	0.164	-0.007
TTM	0.156	5Y	0.261	-0.104
5Y	0.261	10Y	0.215	+0.046

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	0.112	0.283	-0.171
TTM	0.156	0.304	-0.148
YOY	0.164	0.364	-0.200
5Y	0.261	0.326	-0.065
10Y	0.215	0.339	-0.124

Measures if Koninklijke Ahold Delhaize NV is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Koninklijke Ahold Delhaize NV can pay off its short term debts. This shows if Koninklijke Ahold Delhaize NV can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Koninklijke Ahold Delhaize NV is 0.11. This means that Koninklijke Ahold Delhaize NV can pay off €0.11 for each €1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Grocery Stores industry is 0.28.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Koninklijke Ahold Delhaize NV: ( + 342,000 +1,346,000) / 15,082,000 = 0.11

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Koninklijke Ahold Delhaize NV.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Koninklijke Ahold Delhaize NV assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Koninklijke Ahold Delhaize NV to Grocery Stores industry mean.
A Debt to Asset Ratio of 0.68 means that Koninklijke Ahold Delhaize NV assets are financed with 68.3% credit (debt) and the remaining percentage (100% - 68.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 0.683. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.690. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.683	TTM	0.690	-0.008
TTM	0.690	YOY	0.706	-0.015
TTM	0.690	5Y	0.661	+0.029
5Y	0.661	10Y	0.637	+0.024

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	0.683	0.689	-0.006
TTM	0.690	0.690	+0.000
YOY	0.706	0.703	+0.003
5Y	0.661	0.691	-0.030
10Y	0.637	0.672	-0.035

Measures how much % of Koninklijke Ahold Delhaize NV assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Koninklijke Ahold Delhaize NV than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Koninklijke Ahold Delhaize NV to Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Koninklijke Ahold Delhaize NV is 0.68. This means means that Koninklijke Ahold Delhaize NV is financed with 68.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Grocery Stores industry is 83.6%.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Koninklijke Ahold Delhaize NV has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
33,150,000 \ 48,555,000 = 68.3% or 0.68.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Koninklijke Ahold Delhaize NV is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
A Debt to Equity ratio of 215.2% means that company has €2.15 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 2.152. The company is just not able to pay all its debts with equity.
The TTM is 2.230. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.152	TTM	2.230	-0.078
TTM	2.230	YOY	2.400	-0.170
TTM	2.230	5Y	2.009	+0.221
5Y	2.009	10Y	1.823	+0.186

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	2.152	2.175	-0.023
TTM	2.230	2.230	+0.000
YOY	2.400	2.297	+0.103
5Y	2.009	2.252	-0.243
10Y	1.823	2.092	-0.269

Measures if Koninklijke Ahold Delhaize NV is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Koninklijke Ahold Delhaize NV is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Koninklijke Ahold Delhaize NV is 2.15. This means that Koninklijke Ahold Delhaize NV can pay off €2.15 for each €1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Grocery Stores industry is 2.18.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
33,150,000 \ 15,405,000 = 2.15 or 215.2%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Koninklijke Ahold Delhaize NV

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Koninklijke Ahold Delhaize NV generates.

Above 15 is considered overpriced but always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
A PE ratio of 32.47 means the investor is paying €32.47 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Koninklijke Ahold Delhaize NV:

The EOD is 35.744. Good. +1
The MRQ is 32.466. Good. +1
The TTM is 42.686. Good. +1

Trends

Current period		Compared to		+/-
EOD	35.744	MRQ	32.466	+3.278
MRQ	32.466	TTM	42.686	-10.221
TTM	42.686	YOY	49.009	-6.323
TTM	42.686	5Y	-71.014	+113.700
5Y	-71.014	10Y	2.819	-73.833

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
EOD	35.744	35.931	-0.187
MRQ	32.466	32.466	0.000
TTM	42.686	28.292	+14.394
YOY	49.009	49.009	+0.000
5Y	-71.014	38.077	-109.091
10Y	2.819	47.280	-44.461

Measures how much money you pay for each share for every €1 in earnings Koninklijke Ahold Delhaize NV generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Koninklijke Ahold Delhaize NV to the Grocery Stores industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Koninklijke Ahold Delhaize NV is 32.47. This means the investor is paying €32.47 for every €1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Grocery Stores industry is 32.47.
What is the trend?
The trend is important because it shows you how Koninklijke Ahold Delhaize NV is performing over time. The most recent quarter might be important if Koninklijke Ahold Delhaize NV released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Koninklijke Ahold Delhaize NV up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Koninklijke Ahold Delhaize NV

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 977,353 = EPS
PE ratio MRQ = 32.47

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Koninklijke Ahold Delhaize NV.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Koninklijke Ahold Delhaize NV:

The MRQ is 23.414. Seems overpriced? -1
The TTM is 41.578. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	23.414	TTM	41.578	-18.164
TTM	41.578	YOY	36.361	+5.216
TTM	41.578	5Y	1,245.546	-1,203.968
5Y	1,245.546	10Y	665.345	+580.201

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
MRQ	23.414	44.320	-20.906
TTM	41.578	45.036	-3.458
YOY	36.361	47.075	-10.714
5Y	1,245.546	76.839	+1,168.707
10Y	665.345	127.582	+537.763

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Koninklijke Ahold Delhaize NV is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Grocery Stores industry mean).
A PB ratio of 1.70 means the investor is paying €1.70 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Koninklijke Ahold Delhaize NV:

The EOD is 1.875. Good. +1
The MRQ is 1.703. Good. +1
The TTM is 1.744. Good. +1

Trends

Current period		Compared to		+/-
EOD	1.875	MRQ	1.703	+0.172
MRQ	1.703	TTM	1.744	-0.041
TTM	1.744	YOY	2.070	-0.326
TTM	1.744	5Y	1.797	-0.053
5Y	1.797	10Y	2.160	-0.363

Compared to industry (Grocery Stores)

Period	Company	Industry (mean)	+/-
EOD	1.875	2.429	-0.554
MRQ	1.703	2.595	-0.892
TTM	1.744	2.674	-0.930
YOY	2.070	2.881	-0.811
5Y	1.797	2.797	-1.000
10Y	2.160	3.238	-1.078

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Koninklijke Ahold Delhaize NV compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.405	0.549	-174%	0.423	-196%	0.462	-188%	0.240	-269%
Book Value Growth	-	-	0.965	1.030	-6%	1.025	-6%	1.002	-4%	1.055	-9%
Book Value Per Share	-	-	15.762	15.388	+2%	12.991	+21%	13.353	+18%	10.387	+52%
Book Value Per Share Growth	-	-	0.975	1.039	-6%	1.034	-6%	1.059	-8%	1.066	-9%
Current Ratio	-	-	0.717	0.721	0%	0.730	-2%	0.790	-9%	0.514	+39%
Debt To Asset Ratio	-	-	0.683	0.690	-1%	0.706	-3%	0.661	+3%	0.637	+7%
Debt To Equity Ratio	-	-	2.152	2.230	-4%	2.400	-10%	2.009	+7%	1.823	+18%
Dividend Per Share	-	-	-	0.377	-100%	0.439	-100%	0.562	-100%	0.459	-100%
Dividend Per Share Growth	-	-	-	0.725	-100%	1.071	-100%	1.007	-100%	0.892	-100%
Eps	-	-	0.827	0.643	+28%	0.550	+50%	0.463	+79%	0.344	+140%
Eps Growth	-	-	1.387	1.088	+27%	16.776	-92%	4.114	-66%	2.601	-47%
Free Cash Flow Per Share	-	-	2.625	1.547	+70%	1.341	+96%	1.128	+133%	0.906	+190%
Free Cash Flow Per Share Growth	-	-	2.310	1.329	+74%	1.035	+123%	1.684	+37%	1.542	+50%
Free Cash Flow To Equity Per Share	-	-	2.625	1.133	+132%	0.584	+350%	0.242	+987%	0.426	+516%
Free Cash Flow To Equity Per Share Growth	-	-	3.140	7.899	-60%	10.913	-71%	2.182	+44%	1.802	+74%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	232.862	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	46.675	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	8.683	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	3.826	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	37.255	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	12.301	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	79.289	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	21.594	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.035	0.029	+19%	0.030	+17%	0.027	+30%	0.025	+38%
Operating Margin	-	-	-	0.031	-100%	0.045	-100%	0.055	-100%	0.035	-100%
Operating Ratio	-	-	1.683	1.689	0%	1.682	+0%	1.689	0%	1.320	+28%
Pb Ratio	1.875	+9%	1.703	1.744	-2%	2.070	-18%	1.797	-5%	2.160	-21%
Pe Ratio	35.744	+9%	32.466	42.686	-24%	49.009	-34%	-71.014	+319%	2.819	+1052%
Peg Ratio	-	-	23.414	41.578	-44%	36.361	-36%	1245.546	-98%	665.345	-96%
Price Per Share	29.550	+9%	26.840	26.738	+0%	26.923	0%	23.944	+12%	20.174	+33%
Price To Total Gains Ratio	-73.012	-10%	-66.316	-1.908	-97%	38.840	-271%	6.932	-1057%	12.417	-634%
Profit Growth	-	-	1.372	1.079	+27%	16.569	-92%	4.039	-66%	2.591	-47%
Quick Ratio	-	-	0.112	0.156	-28%	0.164	-32%	0.261	-57%	0.215	-48%
Return On Assets	-	-	0.017	0.013	+28%	0.012	+33%	0.011	+45%	0.012	+36%
Return On Equity	-	-	0.052	0.042	+26%	0.042	+24%	0.034	+54%	0.034	+53%
Revenue Growth	-	-	1.042	1.038	+0%	1.008	+3%	1.021	+2%	1.039	+0%
Total Gains Per Share	-	-	-0.405	0.926	-144%	0.863	-147%	1.024	-140%	0.698	-158%
Total Gains Per Share Growth	-	-	-0.296	0.703	-142%	2.512	-112%	1.661	-118%	2.112	-114%
Usd Book Value	-	-	16506457500.000	16326981250.000	+1%	14201393125.000	+16%	15172118550.000	+9%	12092975787.500	+36%
Usd Book Value Change Per Share	-	-	-0.434	0.588	-174%	0.454	-196%	0.495	-188%	0.257	-269%
Usd Book Value Per Share	-	-	16.889	16.488	+2%	13.920	+21%	14.308	+18%	11.129	+52%
Usd Dividend Per Share	-	-	-	0.404	-100%	0.471	-100%	0.602	-100%	0.492	-100%
Usd Eps	-	-	0.886	0.689	+28%	0.590	+50%	0.496	+79%	0.368	+140%
Usd Free Cash Flow	-	-	2749469000.000	1636716250.000	+68%	1464740500.000	+88%	1262762750.000	+118%	1040828312.500	+164%
Usd Free Cash Flow Per Share	-	-	2.813	1.658	+70%	1.437	+96%	1.209	+133%	0.970	+190%
Usd Free Cash Flow To Equity Per Share	-	-	2.813	1.214	+132%	0.626	+350%	0.259	+987%	0.457	+516%
Usd Price Per Share	31.663	+9%	28.759	28.649	+0%	28.847	0%	25.655	+12%	21.616	+33%
Usd Profit	-	-	865772000.000	682009750.000	+27%	601647250.000	+44%	522302675.000	+66%	397660437.500	+118%
Usd Revenue	-	-	25028097000.000	23300839000.000	+7%	20251617875.000	+24%	19628379900.000	+28%	15604200925.000	+60%
Usd Total Gains Per Share	-	-	-0.434	0.992	-144%	0.924	-147%	1.097	-140%	0.748	-158%
	EOD	+1 -4	MRQ	TTM	+26 -16	YOY	+23 -19	5Y	+22 -20	10Y	+22 -20

3.2. Fundamental Score

Let's check the fundamental score of Koninklijke Ahold Delhaize NV based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	35.744
Price to Book Ratio (EOD)	Between	0-1	1.875
Net Profit Margin (MRQ)	Greater than	0	0.035
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.112
Current Ratio (MRQ)	Greater than	1	0.717
Debt to Asset Ratio (MRQ)	Less than	1	0.683
Debt to Equity Ratio (MRQ)	Less than	1	2.152
Return on Equity (MRQ)	Greater than	0.15	0.052
Return on Assets (MRQ)	Greater than	0.05	0.017
Total			2/10 (20.0%)

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3.3. Technical Score

Let's check the technical score of Koninklijke Ahold Delhaize NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	29.655
Total			1/1 (100.0%)

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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2021-12-31		2022-03-31		2022-06-30		2022-09-30		2022-12-31
Other Current Assets		104,000	297,000	401,000	43,000	444,000	11,000	455,000	-458,000	-3,000

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary

Total Assets	48,555,000
Total Liabilities	33,150,000
Total Stockholder Equity	15,405,000

	As reported
Total Liabilities	33,150,000
Total Stockholder Equity	+ 15,405,000
Total Assets	= 48,555,000

Assets

Total Assets	48,555,000
Total Current Assets	10,818,000
Long-term Assets	10,818,000

Total Current Assets

Total Current Assets (as reported)	10,818,000
Cash And Cash Equivalents	3,054,000
Short-term Investments	342,000
Net Receivables	1,346,000
Inventory	4,612,000
Total Current Assets (calculated)	9,354,000
+/-	1,464,000

Long-term Assets

Long-term Assets (as reported)	37,737,000
Goodwill	7,921,000
Intangible Assets	5,253,000
Long-term Assets Other	115,000
Long-term Assets (calculated)	13,289,000
+/-	24,448,000

Liabilities & Shareholders' Equity

Total Current Liabilities	15,082,000
Long-term Liabilities	18,068,000
Total Stockholder Equity	15,405,000

Total Current Liabilities

Total Current Liabilities (as reported)	15,082,000
Short Long Term Debt	1,149,000
Accounts payable	8,191,000
Other Current Liabilities	324,000
Total Current Liabilities (calculated)	9,664,000
+/-	5,418,000

Long-term Liabilities

Long-term Liabilities (as reported)	18,068,000
Long term Debt	4,527,000
Capital Lease Obligations Min Short Term Debt	11,964,000
Long-term Liabilities Other	11,000
Long-term Liabilities (calculated)	16,502,000
+/-	1,566,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	15,405,000
Retained Earnings	4,744,000
Total Stockholder Equity (calculated)	4,744,000
+/-	10,661,000

Other

Capital Stock	10,000
Common Stock Shares Outstanding	977,353
Net Debt	2,622,000
Net Invested Capital	21,081,000
Net Working Capital	-4,264,000

Balance Sheet

Currency in EUR. All numbers in thousands.

Trend

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-06-30

2002-12-31

2002-06-30

2001-12-31

2001-06-30

2000-12-31

2000-06-30

> Total Assets

20,562,000
25,460,624
26,946,000
32,236,464
29,259,000
24,738,000
23,269,000
23,399,000
23,269,000
21,869,000
22,300,000
20,705,000
20,877,000
20,426,000
20,482,000
20,005,000
18,715,000
18,203,000
18,560,000
18,442,000
17,738,000
18,268,000
14,753,000
13,944,000
13,560,000
12,293,000
13,435,000
13,592,000
14,193,000
13,265,000
13,161,000
13,933,000
14,795,000
14,411,000
13,995,000
14,725,000
14,153,000
13,911,000
14,434,000
14,980,000
14,388,000
15,000,000
14,732,000
15,082,000
16,219,000
15,661,000
15,236,000
15,142,000
13,839,000
13,110,000
13,833,000
14,138,000
15,178,000
14,620,000
14,818,000
15,880,000
15,619,000
15,454,000
34,358,000
36,275,000
35,391,000
33,444,000
33,436,000
33,871,000
34,344,000
33,886,000
34,854,000
33,331,000
41,419,000
40,114,000
41,347,000
41,490,000
42,993,000
43,465,000
44,261,000
40,692,000
44,043,000
0
46,428,000
45,712,000
47,415,000
49,311,000
51,516,000
48,555,000

48,555,000

51,516,000

49,311,000

47,415,000

45,712,000

46,428,000

44,043,000

40,692,000

44,261,000

43,465,000

42,993,000

41,490,000

41,347,000

40,114,000

41,419,000

33,331,000

34,854,000

33,886,000

34,344,000

33,871,000

33,436,000

33,444,000

35,391,000

36,275,000

34,358,000

15,454,000

15,619,000

15,880,000

14,818,000

14,620,000

15,178,000

14,138,000

13,833,000

13,110,000

13,839,000

15,142,000

15,236,000

15,661,000

16,219,000

15,082,000

14,732,000

15,000,000

14,388,000

14,980,000

14,434,000

13,911,000

14,153,000

14,725,000

13,995,000

14,411,000

14,795,000

13,933,000

13,161,000

13,265,000

14,193,000

13,592,000

13,435,000

12,293,000

13,560,000

13,944,000

14,753,000

18,268,000

17,738,000

18,442,000

18,560,000

18,203,000

18,715,000

20,005,000

20,482,000

20,426,000

20,877,000

20,705,000

22,300,000

21,869,000

23,269,000

23,399,000

23,269,000

24,738,000

29,259,000

32,236,464

26,946,000

25,460,624

20,562,000

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,977,000
9,430,000
8,605,000
9,089,000
9,970,000
11,206,000
10,045,000
10,848,000
8,842,000
10,153,000
8,989,000
9,342,000
9,570,000
10,880,000
11,224,000
12,417,000
8,928,000
10,457,000
9,905,000
11,470,000
9,584,000
10,730,000
11,114,000
12,036,000
10,818,000

10,818,000

12,036,000

11,114,000

10,730,000

9,584,000

11,470,000

9,905,000

10,457,000

8,928,000

12,417,000

11,224,000

10,880,000

9,570,000

9,342,000

8,989,000

10,153,000

8,842,000

10,848,000

10,045,000

11,206,000

9,970,000

9,089,000

8,605,000

9,430,000

9,977,000

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,032,000
3,863,000
3,215,000
3,746,000
4,581,000
5,944,000
4,266,000
5,013,000
3,122,000
4,343,000
3,156,000
3,454,000
3,717,000
5,217,000
5,204,000
6,308,000
2,933,000
4,038,000
0
5,130,000
2,968,000
3,718,000
3,413,000
3,884,000
3,054,000

3,054,000

3,884,000

3,413,000

3,718,000

2,968,000

5,130,000

4,038,000

2,933,000

6,308,000

5,204,000

5,217,000

3,717,000

3,454,000

3,156,000

4,343,000

3,122,000

5,013,000

4,266,000

5,944,000

4,581,000

3,746,000

3,215,000

3,863,000

4,032,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
293,000
280,000
260,000
361,000
158,000
254,000
595,000
700,000
461,000
253,000
309,000
327,000
301,000
383,000
471,000
584,000
360,000
458,000
0
331,000
313,000
384,000
409,000
433,000
342,000

342,000

433,000

409,000

384,000

313,000

331,000

458,000

360,000

584,000

471,000

383,000

301,000

327,000

309,000

253,000

461,000

700,000

595,000

254,000

158,000

361,000

260,000

280,000

293,000

Net Receivables

2,977,000
2,960,969
3,742,000
3,542,493
3,541,000
2,231,000
2,145,000
2,369,000
2,145,000
2,151,000
2,458,000
2,334,000
2,026,000
2,127,000
2,381,000
2,463,000
2,202,000
2,015,000
2,034,000
2,107,000
1,988,000
955,000
811,000
948,000
634,000
650,000
719,000
810,000
699,000
658,000
676,000
713,000
855,000
707,000
714,000
783,000
756,000
699,000
742,000
778,000
727,000
774,000
767,000
840,000
773,000
770,000
658,000
676,000
675,000
668,000
725,000
787,000
711,000
720,000
764,000
851,000
769,000
771,000
1,539,000
1,624,000
1,553,000
1,599,000
1,578,000
1,760,000
1,651,000
1,685,000
1,709,000
1,812,000
1,745,000
1,783,000
1,786,000
2,038,000
1,911,000
1,861,000
1,833,000
2,126,000
2,015,000
1,993,000
1,937,000
2,237,000
2,069,000
2,366,000
2,383,000
1,346,000

1,346,000

2,383,000

2,366,000

2,069,000

2,237,000

1,937,000

1,993,000

2,015,000

2,126,000

1,833,000

1,861,000

1,911,000

2,038,000

1,786,000

1,783,000

1,745,000

1,812,000

1,709,000

1,685,000

1,651,000

1,760,000

1,578,000

1,599,000

1,553,000

1,624,000

1,539,000

771,000

769,000

851,000

764,000

720,000

711,000

787,000

725,000

668,000

675,000

676,000

658,000

770,000

773,000

840,000

767,000

774,000

727,000

778,000

742,000

699,000

756,000

783,000

714,000

707,000

855,000

713,000

676,000

658,000

699,000

810,000

719,000

650,000

634,000

948,000

811,000

955,000

1,988,000

2,107,000

2,034,000

2,015,000

2,202,000

2,463,000

2,381,000

2,127,000

2,026,000

2,334,000

2,458,000

2,151,000

2,145,000

2,369,000

2,145,000

2,231,000

3,541,000

3,542,493

3,742,000

2,960,969

2,977,000

Other Current Assets

0
465,182
0
462,482
0
308,000
187,000
193,000
187,000
166,000
174,000
186,000
900,000
545,000
310,000
330,000
178,000
226,000
448,000
649,000
960,000
719,000
704,000
353,000
1,134,000
334,000
362,000
286,000
343,000
314,000
328,000
185,000
172,000
160,000
171,000
254,000
258,000
232,000
205,000
356,000
188,000
179,000
176,000
198,000
179,000
181,000
180,000
179,000
180,000
184,000
206,000
186,000
236,000
237,000
222,000
379,000
299,000
260,000
405,000
715,000
475,000
412,000
362,000
385,000
380,000
3,000
5,000
23,000
1,000
25,000
50,000
155,000
45,000
26,000
24,000
114,000
422,000
442,000
395,000
104,000
401,000
444,000
455,000
-3,000

-3,000

455,000

444,000

401,000

104,000

395,000

442,000

422,000

114,000

24,000

26,000

45,000

155,000

50,000

25,000

1,000

23,000

5,000

3,000

380,000

385,000

362,000

412,000

475,000

715,000

405,000

260,000

299,000

379,000

222,000

237,000

236,000

186,000

206,000

184,000

180,000

179,000

180,000

181,000

179,000

198,000

176,000

179,000

188,000

356,000

205,000

232,000

258,000

254,000

171,000

160,000

172,000

185,000

328,000

314,000

343,000

286,000

362,000

334,000

1,134,000

353,000

704,000

719,000

960,000

649,000

448,000

226,000

178,000

330,000

310,000

545,000

900,000

186,000

174,000

166,000

187,000

193,000

187,000

308,000

462,482

465,182

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,266,000
31,125,000
32,005,000
31,920,000
32,112,000
32,241,000
31,843,000
31,764,000
33,586,000
0
34,958,000
36,128,000
36,685,000
38,196,000
39,480,000
37,737,000

37,737,000

39,480,000

38,196,000

36,685,000

36,128,000

34,958,000

33,586,000

31,764,000

31,843,000

32,241,000

32,112,000

31,920,000

32,005,000

31,125,000

31,266,000

Property Plant Equipment

11,660,000
12,232,651
13,143,000
14,071,829
13,010,000
11,043,000
9,102,000
9,283,000
9,102,000
8,943,000
9,134,000
8,175,000
7,114,000
7,593,000
7,675,000
7,478,000
7,260,000
7,067,000
7,209,000
6,925,000
6,529,000
5,701,000
5,584,000
5,390,000
4,791,000
4,923,000
5,566,000
5,532,000
5,739,000
5,495,000
5,350,000
5,407,000
5,778,000
5,967,000
5,654,000
5,827,000
5,441,000
5,554,000
5,785,000
5,984,000
5,878,000
6,351,000
6,103,000
6,038,000
6,052,000
5,985,000
5,827,000
5,712,000
5,612,000
5,644,000
6,091,000
6,150,000
6,627,000
6,396,000
6,328,000
6,677,000
6,408,000
6,456,000
11,172,000
11,770,000
11,563,000
10,993,000
10,787,000
10,689,000
10,423,000
10,738,000
10,795,000
11,147,000
17,285,000
17,244,000
17,727,000
17,827,000
18,124,000
18,274,000
18,049,000
18,151,000
19,418,000
19,453,000
20,235,000
20,848,000
21,215,000
22,132,000
23,064,000
0

23,064,000

22,132,000

21,215,000

20,848,000

20,235,000

19,453,000

19,418,000

18,151,000

18,049,000

18,274,000

18,124,000

17,827,000

17,727,000

17,244,000

17,285,000

11,147,000

10,795,000

10,738,000

10,423,000

10,689,000

10,787,000

10,993,000

11,563,000

11,770,000

11,172,000

6,456,000

6,408,000

6,677,000

6,328,000

6,396,000

6,627,000

6,150,000

6,091,000

5,644,000

5,612,000

5,712,000

5,827,000

5,985,000

6,052,000

6,038,000

6,103,000

6,351,000

5,878,000

5,984,000

5,785,000

5,554,000

5,441,000

5,827,000

5,654,000

5,967,000

5,778,000

5,407,000

5,350,000

5,495,000

5,739,000

5,532,000

5,566,000

4,923,000

4,791,000

5,390,000

5,584,000

5,701,000

6,529,000

6,925,000

7,209,000

7,067,000

7,260,000

7,478,000

7,675,000

7,593,000

7,114,000

8,175,000

9,134,000

8,943,000

9,102,000

9,283,000

9,102,000

11,043,000

13,010,000

14,071,829

13,143,000

12,232,651

11,660,000

Goodwill

0
2,730,985
0
4,967,735
0
3,053,000
2,469,000
2,431,000
2,469,000
2,361,000
2,326,000
1,968,000
2,014,000
2,189,000
2,185,000
2,263,000
2,183,000
2,135,000
2,145,000
2,184,000
2,131,000
248,000
251,000
252,000
237,000
243,000
253,000
251,000
0
0
0
254,000
0
0
0
373,000
0
0
0
404,000
0
742,000
776,000
769,000
782,000
801,000
811,000
837,000
871,000
878,000
1,012,000
1,031,000
1,104,000
1,128,000
1,126,000
1,236,000
1,219,000
1,231,000
7,068,000
7,395,000
7,333,000
7,051,000
6,919,000
6,860,000
6,750,000
6,982,000
7,014,000
7,094,000
7,184,000
7,133,000
7,319,000
7,234,000
0
7,111,000
0
6,831,000
7,111,000
0
0
7,641,000
0
0
8,378,000
7,921,000

7,921,000

8,378,000

7,641,000

7,111,000

6,831,000

7,111,000

7,234,000

7,319,000

7,133,000

7,184,000

7,094,000

7,014,000

6,982,000

6,750,000

6,860,000

6,919,000

7,051,000

7,333,000

7,395,000

7,068,000

1,231,000

1,219,000

1,236,000

1,126,000

1,128,000

1,104,000

1,031,000

1,012,000

878,000

871,000

837,000

811,000

801,000

782,000

769,000

776,000

742,000

404,000

373,000

254,000

251,000

253,000

243,000

237,000

252,000

251,000

248,000

2,131,000

2,184,000

2,145,000

2,135,000

2,183,000

2,263,000

2,185,000

2,189,000

2,014,000

1,968,000

2,326,000

2,361,000

2,469,000

2,431,000

2,469,000

3,053,000

4,967,735

2,730,985

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
292,000
508,000
468,000
471,000
243,000
392,000
405,000
476,000
474,000
870,000
859,000
898,000
247,000
0
0
0
0
0
0
0
0
0
0
0
0

247,000

898,000

859,000

870,000

474,000

476,000

405,000

392,000

243,000

471,000

468,000

508,000

292,000

Intangible Assets

0
3,152,688
3,303,000
5,357,485
5,336,000
3,628,000
3,114,000
2,897,000
3,114,000
2,976,000
2,919,000
2,372,000
2,524,000
2,718,000
2,718,000
2,799,000
2,675,000
2,605,000
2,610,000
2,654,000
2,575,000
587,000
590,000
603,000
512,000
515,000
563,000
598,000
635,000
616,000
607,000
619,000
749,000
771,000
739,000
762,000
732,000
772,000
805,000
836,000
869,000
1,428,000
1,663,000
1,569,000
1,579,000
1,578,000
1,566,000
1,563,000
1,580,000
1,606,000
1,759,000
1,763,000
1,821,000
1,810,000
1,809,000
1,968,000
1,941,000
1,949,000
12,039,000
12,547,000
12,421,000
11,947,000
11,727,000
11,634,000
11,440,000
4,811,000
4,836,000
4,919,000
4,749,000
11,865,000
12,157,000
12,060,000
12,065,000
12,048,000
0
4,734,000
4,942,000
0
0
5,129,000
0
0
5,448,000
5,253,000

5,253,000

5,448,000

5,129,000

4,942,000

4,734,000

12,048,000

12,065,000

12,060,000

12,157,000

11,865,000

4,749,000

4,919,000

4,836,000

4,811,000

11,440,000

11,634,000

11,727,000

11,947,000

12,421,000

12,547,000

12,039,000

1,949,000

1,941,000

1,968,000

1,809,000

1,810,000

1,821,000

1,763,000

1,759,000

1,606,000

1,580,000

1,563,000

1,566,000

1,578,000

1,579,000

1,569,000

1,663,000

1,428,000

869,000

836,000

805,000

772,000

732,000

762,000

739,000

771,000

749,000

619,000

607,000

616,000

635,000

598,000

563,000

515,000

512,000

603,000

590,000

587,000

2,575,000

2,654,000

2,610,000

2,605,000

2,675,000

2,799,000

2,718,000

2,524,000

2,372,000

2,919,000

2,976,000

3,114,000

2,897,000

3,114,000

3,628,000

5,336,000

5,357,485

3,303,000

3,152,688

Long-term Assets Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,000
47,000
47,000
48,000
52,000
49,000
52,000
54,000
64,000
0
65,000
76,000
87,000
96,000
96,000
115,000

115,000

96,000

87,000

76,000

65,000

64,000

54,000

52,000

49,000

52,000

48,000

47,000

> Total Liabilities

18,986,000
22,280,679
23,077,000
25,659,810
23,934,000
22,073,000
18,094,000
18,477,000
18,094,000
16,803,000
17,403,000
16,039,000
15,961,000
15,030,000
15,333,000
14,624,000
13,274,000
12,699,000
12,852,000
12,675,000
12,359,000
10,738,000
10,533,000
9,560,000
9,512,000
7,719,000
8,405,000
8,916,000
9,102,000
8,336,000
8,056,000
8,493,000
9,149,000
8,590,000
8,290,000
8,815,000
8,697,000
8,347,000
8,691,000
9,103,000
8,971,000
9,070,000
8,842,000
9,087,000
9,402,000
8,908,000
8,678,000
8,622,000
9,154,000
8,670,000
9,393,000
9,294,000
10,176,000
9,627,000
9,580,000
10,259,000
10,426,000
10,965,000
19,155,000
19,999,000
19,142,000
18,473,000
18,651,000
18,701,000
19,459,000
19,265,000
20,359,000
18,515,000
26,892,000
26,524,000
27,417,000
27,407,000
28,725,000
29,163,000
30,980,000
28,261,000
30,936,000
0
33,347,000
31,992,000
33,028,000
34,124,000
35,545,000
33,150,000

33,150,000

35,545,000

34,124,000

33,028,000

31,992,000

33,347,000

30,936,000

28,261,000

30,980,000

29,163,000

28,725,000

27,407,000

27,417,000

26,524,000

26,892,000

18,515,000

20,359,000

19,265,000

19,459,000

18,701,000

18,651,000

18,473,000

19,142,000

19,999,000

19,155,000

10,965,000

10,426,000

10,259,000

9,580,000

9,627,000

10,176,000

9,294,000

9,393,000

8,670,000

9,154,000

8,622,000

8,678,000

8,908,000

9,402,000

9,087,000

8,842,000

9,070,000

8,971,000

9,103,000

8,691,000

8,347,000

8,697,000

8,815,000

8,290,000

8,590,000

9,149,000

8,493,000

8,056,000

8,336,000

9,102,000

8,916,000

8,405,000

7,719,000

9,512,000

9,560,000

10,533,000

10,738,000

12,359,000

12,675,000

12,852,000

12,699,000

13,274,000

14,624,000

15,333,000

15,030,000

15,961,000

16,039,000

17,403,000

16,803,000

18,094,000

18,477,000

18,094,000

22,073,000

23,934,000

25,659,810

23,077,000

22,280,679

18,986,000

> Total Current Liabilities

8,406,000
10,220,860
9,851,000
11,070,586
10,341,000
9,044,000
7,042,000
7,567,000
7,042,000
7,067,000
7,537,000
7,042,000
6,957,000
5,602,000
5,875,000
6,881,000
5,706,000
5,367,000
5,412,000
5,821,000
5,485,000
5,177,000
5,126,000
4,933,000
4,809,000
3,774,000
4,015,000
4,138,000
3,904,000
3,468,000
3,677,000
4,025,000
4,492,000
3,804,000
3,688,000
4,092,000
4,613,000
4,176,000
4,358,000
4,614,000
4,490,000
4,243,000
4,202,000
4,427,000
4,656,000
4,148,000
4,002,000
4,142,000
4,677,000
4,078,000
4,292,000
4,466,000
4,858,000
4,501,000
4,553,000
5,002,000
5,476,000
5,983,000
9,251,000
10,397,000
9,705,000
9,558,000
9,316,000
10,305,000
10,676,000
10,356,000
11,427,000
10,021,000
12,396,000
11,980,000
12,390,000
12,590,000
13,973,000
13,834,000
15,966,000
12,812,000
13,754,000
13,323,000
15,513,000
14,179,000
14,844,000
15,592,000
16,502,000
15,082,000

15,082,000

16,502,000

15,592,000

14,844,000

14,179,000

15,513,000

13,323,000

13,754,000

12,812,000

15,966,000

13,834,000

13,973,000

12,590,000

12,390,000

11,980,000

12,396,000

10,021,000

11,427,000

10,356,000

10,676,000

10,305,000

9,316,000

9,558,000

9,705,000

10,397,000

9,251,000

5,983,000

5,476,000

5,002,000

4,553,000

4,501,000

4,858,000

4,466,000

4,292,000

4,078,000

4,677,000

4,142,000

4,002,000

4,148,000

4,656,000

4,427,000

4,202,000

4,243,000

4,490,000

4,614,000

4,358,000

4,176,000

4,613,000

4,092,000

3,688,000

3,804,000

4,492,000

4,025,000

3,677,000

3,468,000

3,904,000

4,138,000

4,015,000

3,774,000

4,809,000

4,933,000

5,126,000

5,177,000

5,485,000

5,821,000

5,412,000

5,367,000

5,706,000

6,881,000

5,875,000

5,602,000

6,957,000

7,042,000

7,537,000

7,067,000

7,042,000

7,567,000

7,042,000

9,044,000

10,341,000

11,070,586

9,851,000

10,220,860

8,406,000

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,560,000
7,116,000
6,807,000
72,000
468,000
629,000
567,000
565,000
162,000
562,000
1,714,000
1,987,000
1,455,000
2,548,000
2,309,000
0
0
0
0
0
0
0
0
0
0

2,309,000

2,548,000

1,455,000

1,987,000

1,714,000

562,000

162,000

565,000

567,000

629,000

468,000

72,000

6,807,000

7,116,000

7,560,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,560,000
7,116,000
6,807,000
72,000
468,000
629,000
567,000
565,000
162,000
562,000
443,000
440,000
1,908,000
0
0
0
1,105,000
0
0
0
1,149,000
0
0
0
1,149,000

1,149,000

1,105,000

1,908,000

440,000

443,000

562,000

162,000

565,000

567,000

629,000

468,000

72,000

6,807,000

7,116,000

7,560,000

Accounts payable

0
5,185,432
0
6,029,505
0
4,480,000
0
3,914,000
0
0
0
3,003,000
2,605,000
2,864,000
2,804,000
3,206,000
2,890,000
2,909,000
2,864,000
2,955,000
2,729,000
2,005,000
1,934,000
2,240,000
1,865,000
2,021,000
2,096,000
2,284,000
2,005,000
2,060,000
1,924,000
2,137,000
2,104,000
2,218,000
2,139,000
2,323,000
2,305,000
2,208,000
2,265,000
2,436,000
2,300,000
2,368,000
2,470,000
2,667,000
2,431,000
2,476,000
2,336,000
2,387,000
2,341,000
2,264,000
2,365,000
2,655,000
2,424,000
2,501,000
2,548,000
2,800,000
2,618,000
2,653,000
4,763,000
5,389,000
4,996,000
5,000,000
4,860,000
5,277,000
4,965,000
5,426,000
5,348,000
5,816,000
5,542,000
5,947,000
5,887,000
6,311,000
6,521,000
6,633,000
6,339,000
6,795,000
6,782,000
6,921,000
6,832,000
7,563,000
7,414,000
8,156,000
7,921,000
8,191,000

8,191,000

7,921,000

8,156,000

7,414,000

7,563,000

6,832,000

6,921,000

6,782,000

6,795,000

6,339,000

6,633,000

6,521,000

6,311,000

5,887,000

5,947,000

5,542,000

5,816,000

5,348,000

5,426,000

4,965,000

5,277,000

4,860,000

5,000,000

4,996,000

5,389,000

4,763,000

2,653,000

2,618,000

2,800,000

2,548,000

2,501,000

2,424,000

2,655,000

2,365,000

2,264,000

2,341,000

2,387,000

2,336,000

2,476,000

2,431,000

2,667,000

2,470,000

2,368,000

2,300,000

2,436,000

2,265,000

2,208,000

2,305,000

2,323,000

2,139,000

2,218,000

2,104,000

2,137,000

1,924,000

2,060,000

2,005,000

2,284,000

2,096,000

2,021,000

1,865,000

2,240,000

1,934,000

2,005,000

2,729,000

2,955,000

2,864,000

2,909,000

2,890,000

3,206,000

2,804,000

2,864,000

2,605,000

3,003,000

3,914,000

4,480,000

6,029,505

5,185,432

Other Current Liabilities

8,406,000
2,558,670
0
2,894,691
0
2,075,000
5,311,000
1,925,000
5,311,000
5,118,000
5,296,000
2,000,000
1,847,000
1,736,000
2,159,000
2,758,000
1,978,000
1,924,000
2,052,000
2,271,000
1,980,000
1,541,000
1,540,000
1,501,000
1,622,000
1,200,000
1,309,000
1,395,000
1,353,000
1,278,000
1,275,000
1,430,000
1,770,000
1,459,000
1,427,000
1,652,000
1,785,000
1,437,000
1,560,000
1,641,000
2,025,000
1,585,000
1,590,000
1,621,000
2,078,000
1,526,000
1,521,000
1,598,000
2,191,000
1,665,000
1,768,000
1,646,000
2,251,000
1,818,000
1,822,000
2,009,000
2,346,000
2,834,000
2,804,000
3,017,000
3,107,000
2,863,000
2,856,000
2,951,000
2,926,000
2,807,000
2,900,000
3,072,000
2,383,000
2,260,000
2,321,000
479,000
3,294,000
3,275,000
3,810,000
714,000
3,552,000
3,346,000
3,813,000
875,000
3,975,000
3,953,000
4,194,000
324,000

324,000

4,194,000

3,953,000

3,975,000

875,000

3,813,000

3,346,000

3,552,000

714,000

3,810,000

3,275,000

3,294,000

479,000

2,321,000

2,260,000

2,383,000

3,072,000

2,900,000

2,807,000

2,926,000

2,951,000

2,856,000

2,863,000

3,107,000

3,017,000

2,804,000

2,834,000

2,346,000

2,009,000

1,822,000

1,818,000

2,251,000

1,646,000

1,768,000

1,665,000

2,191,000

1,598,000

1,521,000

1,526,000

2,078,000

1,621,000

1,590,000

1,585,000

2,025,000

1,641,000

1,560,000

1,437,000

1,785,000

1,652,000

1,427,000

1,459,000

1,770,000

1,430,000

1,275,000

1,278,000

1,353,000

1,395,000

1,309,000

1,200,000

1,622,000

1,501,000

1,540,000

1,541,000

1,980,000

2,271,000

2,052,000

1,924,000

1,978,000

2,758,000

2,159,000

1,736,000

1,847,000

2,000,000

5,296,000

5,118,000

5,311,000

1,925,000

5,311,000

2,075,000

2,894,691

2,558,670

8,406,000

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,496,000
14,544,000
15,027,000
14,817,000
14,753,000
15,329,000
15,014,000
15,449,000
17,182,000
0
17,834,000
17,813,000
18,184,000
18,532,000
19,043,000
18,068,000

18,068,000

19,043,000

18,532,000

18,184,000

17,813,000

17,834,000

17,182,000

15,449,000

15,014,000

15,329,000

14,753,000

14,817,000

15,027,000

14,544,000

14,496,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,082,000
12,373,000
12,325,000
12,099,000
12,690,000
0
0
0
0
0
0
0
0
0
0

12,690,000

12,099,000

12,325,000

12,373,000

12,082,000

Other Liabilities

0
1,396,882
0
1,576,570
0
1,920,000
1,679,000
1,671,000
1,679,000
1,673,000
1,698,000
1,674,000
1,835,000
1,983,000
2,030,000
1,520,000
1,465,000
1,435,000
1,447,000
1,393,000
1,100,000
860,000
778,000
903,000
651,000
854,000
907,000
881,000
1,117,000
1,060,000
996,000
1,053,000
1,061,000
1,084,000
1,075,000
1,102,000
1,056,000
1,077,000
1,111,000
1,146,000
1,188,000
1,211,000
1,182,000
1,261,000
1,540,000
1,643,000
1,662,000
1,484,000
1,503,000
1,600,000
2,035,000
1,646,000
1,919,000
1,848,000
1,777,000
1,838,000
2,002,000
1,999,000
2,769,000
2,437,000
2,405,000
2,281,000
2,155,000
2,117,000
2,061,000
3,000,000
3,044,000
2,977,000
2,369,000
2,462,000
2,654,000
2,491,000
2,653,000
2,639,000
2,630,000
3,143,000
3,415,000
3,495,000
3,499,000
3,073,000
3,187,000
3,111,000
3,050,000
0

3,050,000

3,111,000

3,187,000

3,073,000

3,499,000

3,495,000

3,415,000

3,143,000

2,630,000

2,639,000

2,653,000

2,491,000

2,654,000

2,462,000

2,369,000

2,977,000

3,044,000

3,000,000

2,061,000

2,117,000

2,155,000

2,281,000

2,405,000

2,437,000

2,769,000

1,999,000

2,002,000

1,838,000

1,777,000

1,848,000

1,919,000

1,646,000

2,035,000

1,600,000

1,503,000

1,484,000

1,662,000

1,643,000

1,540,000

1,261,000

1,182,000

1,211,000

1,188,000

1,146,000

1,111,000

1,077,000

1,056,000

1,102,000

1,075,000

1,084,000

1,061,000

1,053,000

996,000

1,060,000

1,117,000

881,000

907,000

854,000

651,000

903,000

778,000

860,000

1,100,000

1,393,000

1,447,000

1,435,000

1,465,000

1,520,000

2,030,000

1,983,000

1,835,000

1,674,000

1,698,000

1,673,000

1,679,000

1,671,000

1,679,000

1,920,000

1,576,570

1,396,882

> Total Stockholder Equity

862,000
2,502,566
3,159,000
5,892,114
4,776,000
2,609,000
5,107,000
4,851,000
5,107,000
4,994,000
4,828,000
4,600,000
4,916,000
5,396,000
5,090,000
5,317,000
5,376,000
5,434,000
5,636,000
5,696,000
5,309,000
7,456,000
4,142,000
4,307,000
3,967,000
4,574,000
5,030,000
4,676,000
5,091,000
4,929,000
5,105,000
5,440,000
5,646,000
5,821,000
5,705,000
5,910,000
5,456,000
5,564,000
5,743,000
5,877,000
5,417,000
5,930,000
5,890,000
5,995,000
6,817,000
6,753,000
6,558,000
6,520,000
4,685,000
4,440,000
4,440,000
4,844,000
5,002,000
4,993,000
5,238,000
5,622,000
5,193,000
4,489,000
15,203,000
16,276,000
16,249,000
14,971,000
14,785,000
15,170,000
14,885,000
14,621,000
14,495,000
14,816,000
14,527,000
13,590,000
13,930,000
14,083,000
14,268,000
14,302,000
13,281,000
12,431,000
13,107,000
0
13,081,000
13,720,000
14,387,000
15,187,000
15,971,000
15,405,000

15,405,000

15,971,000

15,187,000

14,387,000

13,720,000

13,081,000

13,107,000

12,431,000

13,281,000

14,302,000

14,268,000

14,083,000

13,930,000

13,590,000

14,527,000

14,816,000

14,495,000

14,621,000

14,885,000

15,170,000

14,785,000

14,971,000

16,249,000

16,276,000

15,203,000

4,489,000

5,193,000

5,622,000

5,238,000

4,993,000

5,002,000

4,844,000

4,440,000

4,685,000

6,520,000

6,558,000

6,753,000

6,817,000

5,995,000

5,890,000

5,930,000

5,417,000

5,877,000

5,743,000

5,564,000

5,456,000

5,910,000

5,705,000

5,821,000

5,646,000

5,440,000

5,105,000

4,929,000

5,091,000

4,676,000

5,030,000

4,574,000

3,967,000

4,307,000

4,142,000

7,456,000

5,309,000

5,696,000

5,636,000

5,434,000

5,376,000

5,317,000

5,090,000

5,396,000

4,916,000

4,600,000

4,828,000

4,994,000

5,107,000

4,851,000

5,107,000

2,609,000

4,776,000

5,892,114

3,159,000

2,502,566

862,000

Common Stock

0
204,213
0
230,245
0
232,000
0
388,000
0
0
0
389,000
4,250,000
4,730,000
4,424,000
389,000
4,710,000
4,768,000
4,970,000
389,000
0
0
0
381,000
0
4,077,000
4,533,000
358,000
358,000
358,000
358,000
358,000
358,000
358,000
358,000
358,000
358,000
349,000
349,000
330,000
330,000
318,000
318,000
318,000
318,000
318,000
318,000
318,000
10,000
9,000
9,000
9,000
9,000
8,000
8,000
8,000
8,000
8,000
13,000
13,000
13,000
13,000
13,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
11,000
11,000
11,000
11,000
11,000
11,000
10,000
10,000
10,000
10,000
10,000
10,000
0

10,000

11,000

12,000

13,000

8,000

9,000

10,000

318,000

330,000

349,000

358,000

4,533,000

4,077,000

381,000

389,000

4,970,000

4,768,000

4,710,000

389,000

4,424,000

4,730,000

4,250,000

389,000

388,000

232,000

230,245

204,213

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,999,000
13,999,000
12,246,000
12,246,000
12,246,000
0
0
0
0
0
0
0
0
0
0

12,246,000

13,999,000

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,000
434,000
-844,000
-1,072,000
-351,000
-302,000
-566,000
-692,000
805,000
516,000
-16,000
376,000
1,826,000
2,011,000
2,045,000
1,025,000
175,000
850,000
1,948,000
2,084,000
2,723,000
3,389,000
4,190,000
4,974,000
0

4,974,000

4,190,000

3,389,000

2,723,000

2,084,000

1,948,000

850,000

175,000

1,025,000

2,045,000

2,011,000

1,826,000

376,000

-16,000

516,000

805,000

-692,000

-566,000

-302,000

-351,000

-1,072,000

-844,000

434,000

98,000

Balance Sheet

Currency in EUR. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31
Accounts Payable	8,191,000	7,563,000	6,795,000	6,311,000	5,815,000	5,277,000	5,389,000	2,800,000	2,655,000	2,387,000	2,667,000	2,436,000	2,323,000	2,137,000	2,284,000	2,240,000	2,955,000	3,206,000	3,003,000	3,914,000	4,480,000	6,029,505	5,185,432
Capital Lease Obligations	11,964,000	11,262,000	9,585,000	9,695,000	1,559,000	1,607,000	1,960,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	10,000	10,000	11,000	11,000	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	-	-	12,246,000	13,999,000	15,175,000	15,802,000	6,059,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	3,054,000	2,968,000	2,933,000	3,467,000	2,813,000	4,240,000	3,718,000	1,363,000	1,624,000	2,496,000	1,886,000	2,438,000	2,600,000	2,688,000	2,863,000	3,263,000	1,844,000	2,228,000	667,000	998,000	831,000	1,457,981	1,090,680
Cash And Short Term Investments	-	-	-	4,034,000	3,681,000	4,819,000	4,709,000	2,422,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	-	10,000	11,000	11,000	12,000	12,000	13,000	8,000	9,000	318,000	318,000	330,000	358,000	358,000	358,000	381,000	389,000	389,000	389,000	388,000	232,000	230,245	204,213
Common Stock Shares Outstanding	977,353	1,011,338	1,047,036	1,087,956	1,130,200	1,227,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	7,921,000	7,641,000	6,831,000	7,233,000	7,094,000	6,860,000	7,395,000	1,236,000	1,031,000	837,000	769,000	404,000	373,000	254,000	251,000	252,000	2,184,000	2,263,000	1,968,000	2,431,000	3,053,000	4,967,735	2,730,985
Intangible Assets	5,253,000	5,129,000	4,734,000	4,827,000	4,719,000	4,774,000	5,152,000	732,000	1,763,000	1,563,000	1,569,000	836,000	762,000	619,000	530,000	603,000	2,654,000	2,799,000	2,372,000	2,897,000	3,628,000	5,357,485	3,152,688
Inventory	4,612,000	3,728,000	3,245,000	3,347,000	3,196,000	3,077,000	3,288,000	1,676,000	1,589,000	1,450,000	1,492,000	1,466,000	1,331,000	1,209,000	1,319,000	1,263,000	2,056,000	2,376,000	2,563,000	3,100,000	4,235,000	5,067,035	4,100,223
Long Term Debt	4,527,000	4,677,000	3,863,000	3,841,000	4,138,000	3,744,000	3,808,000	2,019,000	3,032,000	2,873,000	3,107,000	3,144,000	3,444,000	3,242,000	3,782,000	3,690,000	5,388,000	6,831,000	7,231,000	8,768,000	10,537,000	12,574,672	10,299,988
Long Term Debt Total	-	-	-	12,325,000	12,408,000	5,174,000	5,569,000	3,309,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	247,000	230,000	243,000	292,000	253,000	258,000	249,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	2,622,000	2,858,000	2,057,000	2,032,000	1,476,000	647,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	21,081,000	19,546,000	17,398,000	19,832,000	19,414,000	20,359,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,346,000	2,237,000	2,126,000	2,038,000	1,899,000	1,760,000	1,624,000	396,000	787,000	676,000	840,000	778,000	783,000	713,000	810,000	948,000	2,107,000	2,463,000	2,334,000	2,369,000	2,231,000	3,542,493	2,960,969
Net Tangible Assets	-	951,000	867,000	2,023,000	2,392,000	3,536,000	3,729,000	3,654,000	3,081,000	4,957,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-4,264,000	-4,595,000	-3,884,000	-3,020,000	-1,179,000	-335,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	37,737,000	36,128,000	31,764,000	31,920,000	24,489,000	23,901,000	26,298,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	11,000	13,000	64,000	11,000	202,000	212,000	263,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	18,068,000	17,813,000	15,449,000	14,817,000	8,494,000	8,396,000	9,602,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	115,000	76,000	54,000	48,000	77,000	70,000	64,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	-	2,266,000	1,821,000	1,804,000	1,813,000	1,335,000	1,689,000	1,005,000	1,483,000	1,318,000	1,904,000	1,765,000	1,790,000	1,642,000	1,318,000	1,219,000	1,343,000	1,353,000	838,000	1,107,000	1,129,000	804,644	391,421
Other Current Assets	-3,000	104,000	116,000	157,000	110,000	94,000	419,000	3,000	186,000	179,000	198,000	355,000	254,000	185,000	286,000	353,000	649,000	330,000	186,000	193,000	308,000	462,482	465,182
Other Current Liab	324,000	875,000	714,000	479,000	510,000	553,000	499,000	450,000	1,646,000	1,598,000	1,621,000	1,641,000	1,652,000	1,430,000	1,395,000	1,501,000	2,271,000	2,758,000	2,000,000	1,925,000	2,194,000	3,192,169	2,680,083
Other Liab	-	3,073,000	3,143,000	2,492,000	2,274,000	3,222,000	4,033,000	1,948,000	1,646,000	1,484,000	1,261,000	1,146,000	1,102,000	1,053,000	881,000	903,000	1,393,000	1,520,000	1,674,000	1,671,000	1,920,000	1,576,570	1,396,882
Other Stockholder Equity	-	2,723,000	175,000	1,826,000	194,000	-351,000	98,000	223,000	-2,219,000	-2,706,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	497,000	666,000	-	92,000	92,000	66,000	64,829	64,829
Property Plant Equipment	-	20,848,000	18,151,000	17,827,000	17,073,000	10,689,000	11,770,000	6,677,000	6,150,000	5,712,000	6,038,000	5,984,000	5,827,000	5,407,000	5,532,000	5,390,000	6,925,000	7,478,000	8,175,000	9,283,000	11,043,000	14,071,829	12,232,651
Retained Earnings	4,744,000	2,350,000	-	1,670,000	276,000	334,000	363,000	-668,000	210,000	195,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	1,149,000	1,149,000	1,105,000	1,908,000	915,000	1,900,000	1,792,000	31,000	30,000	3,021,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	1,455,000	753,000	1,432,000	1,253,000	52,000	30,000	3,021,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	342,000	313,000	360,000	301,000	461,000	238,000	378,000	518,000	262,000	1,467,000	-	156,000	226,000	310,000	18,000	-	-	-	2,603,000	2,342,000	171,000	514,292	244,912
Total Assets	48,555,000	45,712,000	40,692,000	41,490,000	39,830,000	33,871,000	36,275,000	15,880,000	14,138,000	15,142,000	15,082,000	14,980,000	14,725,000	13,933,000	13,592,000	13,944,000	18,442,000	20,005,000	20,705,000	23,399,000	24,738,000	32,236,464	25,460,624
Total Current Assets	10,818,000	9,584,000	8,928,000	9,570,000	8,918,000	9,970,000	9,977,000	5,260,000	4,448,000	6,268,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	15,082,000	14,179,000	12,812,000	12,590,000	10,943,000	10,305,000	10,397,000	5,002,000	4,466,000	4,142,000	4,427,000	4,614,000	4,092,000	4,025,000	4,138,000	4,933,000	5,821,000	6,881,000	7,042,000	7,567,000	9,044,000	11,070,586	10,220,860
Total Liab	33,150,000	31,992,000	28,261,000	27,407,000	25,625,000	18,701,000	19,999,000	10,258,000	9,294,000	8,622,000	9,087,000	9,103,000	8,815,000	8,493,000	8,916,000	9,560,000	12,675,000	15,290,000	16,039,000	18,477,000	22,073,000	25,659,810	22,280,679
Total Stockholder Equity	15,405,000	13,720,000	12,431,000	14,083,000	14,205,000	15,170,000	16,276,000	5,622,000	4,844,000	6,520,000	5,995,000	5,877,000	5,910,000	5,440,000	4,676,000	4,307,000	5,696,000	4,651,000	4,600,000	4,851,000	2,609,000	5,892,114	2,502,566

Retained Earnings</
	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-06-30	2002-12-31	2002-06-30	2001-12-31	2001-06-30	2000-12-31	2000-06-30
Accounts Payable	8,191,000	7,921,000	8,156,000	7,414,000	7,563,000	6,832,000	6,921,000	6,782,000	6,795,000	6,339,000	6,633,000	6,521,000	6,311,000	5,887,000	5,947,000	5,542,000	5,816,000	5,348,000	5,426,000	4,965,000	5,277,000	4,860,000	5,000,000	4,996,000	5,389,000	4,763,000	2,653,000	2,618,000	2,800,000	2,548,000	2,501,000	2,424,000	2,655,000	2,365,000	2,264,000	2,341,000	2,387,000	2,336,000	2,476,000	2,431,000	2,667,000	2,470,000	2,368,000	2,300,000	2,436,000	2,265,000	2,208,000	2,305,000	2,323,000	2,139,000	2,218,000	2,104,000	2,137,000	1,924,000	2,060,000	2,005,000	2,284,000	2,096,000	2,021,000	1,865,000	2,240,000	1,934,000	2,005,000	2,729,000	2,955,000	2,864,000	2,909,000	2,890,000	3,206,000	2,804,000	2,864,000	2,605,000	3,003,000	-	-	-	3,914,000	-	4,480,000	-	6,029,505	-	5,185,432	-
Capital Lease Obligations	11,964,000	-	-	-	11,262,000	-	-	9,206,000	9,585,000	8,435,000	8,676,000	-	9,695,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	10,000	10,000	10,000	10,000	10,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	-	-	-	-	-	-	-	-	-	12,246,000	12,246,000	12,246,000	13,999,000	13,999,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	3,054,000	3,884,000	3,413,000	3,718,000	2,968,000	5,130,000	-	4,038,000	2,933,000	6,308,000	5,204,000	5,217,000	3,717,000	3,454,000	3,156,000	4,343,000	3,122,000	5,013,000	4,266,000	5,944,000	4,581,000	3,746,000	3,215,000	3,863,000	4,032,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	-	-	-	-	-	-	-	-	-	-	5,675,000	5,600,000	4,034,000	3,781,000	3,465,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	-	10,000	10,000	10,000	10,000	10,000	10,000	11,000	11,000	11,000	11,000	11,000	11,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	13,000	13,000	13,000	13,000	13,000	8,000	8,000	8,000	8,000	8,000	9,000	9,000	9,000	9,000	10,000	318,000	318,000	318,000	318,000	318,000	318,000	318,000	330,000	330,000	349,000	349,000	358,000	358,000	358,000	358,000	358,000	358,000	358,000	358,000	358,000	358,000	4,533,000	4,077,000	-	381,000	-	-	-	389,000	4,970,000	4,768,000	4,710,000	389,000	4,424,000	4,730,000	4,250,000	389,000	-	-	-	388,000	-	232,000	-	230,245	-	204,213	-
Common Stock Shares Outstanding	977,353	987,896	995,008	1,001,845	1,011,338	1,018,064	1,018,868	1,033,380	1,047,036	1,055,870	1,064,010	1,071,548	1,087,956	1,104,070	1,115,937	1,148,970	1,163,105	1,067,442	1,138,889	1,162,857	2,325,000	1,277,797	1,292,790	1,302,121	1,282,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	7,921,000	8,378,000	-	-	7,641,000	-	-	7,111,000	6,831,000	-	7,111,000	-	7,234,000	7,319,000	7,133,000	7,184,000	7,094,000	7,014,000	6,982,000	6,750,000	6,860,000	6,919,000	7,051,000	7,333,000	7,395,000	7,068,000	1,231,000	1,219,000	1,236,000	1,126,000	1,128,000	1,104,000	1,031,000	1,012,000	878,000	871,000	837,000	811,000	801,000	782,000	769,000	776,000	742,000	-	404,000	-	-	-	373,000	-	-	-	254,000	-	-	-	251,000	253,000	243,000	237,000	252,000	251,000	248,000	2,131,000	2,184,000	2,145,000	2,135,000	2,183,000	2,263,000	2,185,000	2,189,000	2,014,000	1,968,000	2,326,000	2,361,000	2,469,000	2,431,000	2,469,000	3,053,000	-	4,967,735	-	2,730,985	-
Intangible Assets	5,253,000	5,448,000	-	-	5,129,000	-	-	4,942,000	4,734,000	-	12,048,000	12,065,000	12,060,000	12,157,000	11,865,000	4,749,000	4,919,000	4,836,000	4,811,000	11,440,000	11,634,000	11,727,000	11,947,000	12,421,000	12,547,000	12,039,000	1,949,000	1,941,000	1,968,000	1,809,000	1,810,000	1,821,000	1,763,000	1,759,000	1,606,000	1,580,000	1,563,000	1,566,000	1,578,000	1,579,000	1,569,000	1,663,000	1,428,000	869,000	836,000	805,000	772,000	732,000	762,000	739,000	771,000	749,000	619,000	607,000	616,000	635,000	598,000	563,000	515,000	512,000	603,000	590,000	587,000	2,575,000	2,654,000	2,610,000	2,605,000	2,675,000	2,799,000	2,718,000	2,718,000	2,524,000	2,372,000	2,919,000	2,976,000	3,114,000	2,897,000	3,114,000	3,628,000	5,336,000	5,357,485	3,303,000	3,152,688	-
Inventory	4,612,000	4,851,000	4,487,000	4,107,000	3,728,000	3,669,000	3,486,000	3,461,000	3,245,000	3,394,000	3,360,000	2,978,000	3,347,000	3,378,000	3,287,000	3,256,000	3,196,000	3,101,000	3,165,000	2,977,000	3,077,000	3,042,000	3,119,000	3,259,000	3,288,000	3,146,000	1,617,000	1,648,000	1,676,000	1,624,000	1,607,000	1,656,000	1,589,000	1,548,000	1,392,000	1,430,000	1,450,000	1,459,000	1,466,000	1,479,000	1,492,000	1,479,000	1,499,000	1,443,000	1,466,000	1,403,000	1,311,000	1,299,000	1,331,000	1,264,000	1,331,000	1,298,000	1,209,000	1,198,000	1,229,000	1,322,000	1,319,000	1,221,000	1,091,000	1,098,000	1,263,000	1,228,000	1,236,000	1,966,000	2,056,000	2,203,000	2,186,000	2,277,000	2,376,000	2,310,000	2,234,000	2,186,000	2,563,000	2,924,000	2,877,000	2,991,000	3,100,000	2,991,000	4,235,000	4,414,000	5,067,035	4,279,000	4,100,223	3,485,000
Long Term Debt	4,527,000	4,692,000	4,554,000	4,663,000	4,677,000	4,557,000	-	4,561,000	3,863,000	3,948,000	4,014,000	3,548,000	3,841,000	3,923,000	3,865,000	3,302,000	4,138,000	4,512,000	4,510,000	5,876,000	5,174,000	5,663,000	5,112,000	5,448,000	5,569,000	5,662,000	2,895,000	2,867,000	3,309,000	3,129,000	3,178,000	3,286,000	3,032,000	3,030,000	2,878,000	2,837,000	2,873,000	2,921,000	3,009,000	3,053,000	3,107,000	3,174,000	3,340,000	3,084,000	3,144,000	3,032,000	2,906,000	2,844,000	3,444,000	3,335,000	3,510,000	3,414,000	3,242,000	3,228,000	3,668,000	3,943,000	3,782,000	3,383,000	3,046,000	4,004,000	3,690,000	4,588,000	4,657,000	5,748,000	5,388,000	5,904,000	5,837,000	6,044,000	6,165,000	7,278,000	7,300,000	6,984,000	7,231,000	7,692,000	7,615,000	8,910,000	8,768,000	8,910,000	10,537,000	11,670,000	12,574,672	11,557,000	10,299,988	7,190,000
Long Term Debt Total	-	-	-	-	-	-	-	-	-	-	12,690,000	12,099,000	12,325,000	12,373,000	12,082,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	247,000	898,000	859,000	870,000	474,000	476,000	405,000	392,000	243,000	471,000	468,000	508,000	292,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	2,622,000	808,000	1,141,000	945,000	2,858,000	-	-	523,000	2,057,000	-	977,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	21,081,000	20,663,000	19,741,000	19,050,000	19,546,000	17,638,000	-	17,668,000	17,398,000	17,229,000	18,316,000	17,815,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,346,000	2,383,000	2,366,000	2,069,000	2,237,000	1,937,000	1,993,000	2,015,000	2,126,000	1,833,000	1,861,000	1,911,000	2,038,000	1,786,000	1,783,000	1,745,000	1,812,000	1,709,000	1,685,000	1,651,000	1,760,000	1,578,000	1,599,000	1,553,000	1,624,000	1,539,000	771,000	769,000	851,000	764,000	720,000	711,000	787,000	725,000	668,000	675,000	676,000	658,000	770,000	773,000	840,000	767,000	774,000	727,000	778,000	742,000	699,000	756,000	783,000	714,000	707,000	855,000	713,000	676,000	658,000	699,000	810,000	719,000	650,000	634,000	948,000	811,000	955,000	1,988,000	2,107,000	2,034,000	2,015,000	2,202,000	2,463,000	2,381,000	2,127,000	2,026,000	2,334,000	2,458,000	2,151,000	2,145,000	2,369,000	2,145,000	2,231,000	3,541,000	3,542,493	3,742,000	2,960,969	2,977,000
Net Tangible Assets	-	2,146,000	1,663,000	1,401,000	951,000	493,000	879,000	1,054,000	867,000	1,466,000	2,254,000	2,203,000	2,023,000	1,773,000	1,725,000	2,594,000	2,803,000	2,645,000	2,828,000	3,445,000	3,536,000	3,058,000	3,024,000	3,828,000	3,729,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-4,264,000	-4,466,000	-4,478,000	-4,114,000	-4,595,000	-4,043,000	-	-3,297,000	-3,884,000	-3,548,000	-2,610,000	-3,093,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	37,737,000	39,480,000	38,196,000	36,685,000	36,128,000	34,958,000	-	33,586,000	31,764,000	31,843,000	32,241,000	32,112,000	31,920,000	32,005,000	31,125,000	31,266,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	11,000	59,000	55,000	61,000	13,000	62,000	-	67,000	64,000	59,000	62,000	68,000	11,000	82,000	80,000	86,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	18,068,000	19,043,000	18,532,000	18,184,000	17,813,000	17,834,000	-	17,182,000	15,449,000	15,014,000	15,329,000	14,753,000	14,817,000	15,027,000	14,544,000	14,496,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	115,000	96,000	96,000	87,000	76,000	65,000	-	64,000	54,000	52,000	49,000	52,000	48,000	47,000	47,000	47,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	-	2,336,000	2,299,000	2,251,000	2,266,000	1,897,000	1,836,000	1,902,000	1,807,000	1,091,000	1,052,000	1,077,000	1,786,000	266,000	227,000	1,179,000	855,000	885,000	905,000	12,715,000	13,212,000	13,560,000	13,846,000	14,398,000	14,528,000	13,998,000	3,654,000	3,587,000	3,943,000	3,723,000	3,697,000	3,761,000	3,540,000	3,491,000	3,197,000	3,186,000	3,162,000	3,221,000	3,241,000	3,282,000	4,628,000	4,581,000	4,357,000	3,830,000	3,803,000	3,625,000	3,444,000	3,318,000	3,704,000	3,563,000	3,530,000	3,533,000	3,421,000	3,066,000	2,914,000	2,948,000	2,764,000	2,766,000	2,633,000	2,590,000	2,727,000	2,676,000	2,617,000	4,735,000	4,861,000	4,734,000	4,831,000	4,940,000	5,130,000	4,787,000	4,820,000	4,704,000	4,177,000	4,821,000	4,955,000	5,017,000	5,114,000	5,017,000	5,919,000	6,837,000	7,120,352	4,616,000	4,366,007	1,172,000
Other Current Assets	-3,000	455,000	444,000	401,000	104,000	395,000	442,000	422,000	114,000	24,000	26,000	45,000	155,000	50,000	25,000	1,000	23,000	5,000	3,000	380,000	385,000	362,000	412,000	475,000	715,000	405,000	260,000	299,000	379,000	222,000	237,000	236,000	186,000	206,000	184,000	180,000	179,000	180,000	181,000	179,000	198,000	176,000	179,000	188,000	356,000	205,000	232,000	258,000	254,000	171,000	160,000	172,000	185,000	328,000	314,000	343,000	286,000	362,000	334,000	1,134,000	353,000	704,000	719,000	960,000	649,000	448,000	226,000	178,000	330,000	310,000	545,000	900,000	186,000	174,000	166,000	187,000	193,000	187,000	308,000	-	462,482	-	465,182	-
Other Current Liab	324,000	4,194,000	3,953,000	3,975,000	875,000	3,813,000	3,346,000	3,552,000	714,000	3,810,000	3,275,000	3,294,000	479,000	2,321,000	2,260,000	2,383,000	3,072,000	2,900,000	2,807,000	2,926,000	2,951,000	2,856,000	2,863,000	3,107,000	3,017,000	2,804,000	2,834,000	2,346,000	2,009,000	1,822,000	1,818,000	2,251,000	1,646,000	1,768,000	1,665,000	2,191,000	1,598,000	1,521,000	1,526,000	2,078,000	1,621,000	1,590,000	1,585,000	2,025,000	1,641,000	1,560,000	1,437,000	1,785,000	1,652,000	1,427,000	1,459,000	1,770,000	1,430,000	1,275,000	1,278,000	1,353,000	1,395,000	1,309,000	1,200,000	1,622,000	1,501,000	1,540,000	1,541,000	1,980,000	2,271,000	2,052,000	1,924,000	1,978,000	2,758,000	2,159,000	1,736,000	1,847,000	2,000,000	5,296,000	5,118,000	5,311,000	1,925,000	5,311,000	2,075,000	-	2,894,691	-	2,558,670	8,406,000
Other Liab	-	3,050,000	3,111,000	3,187,000	3,073,000	3,499,000	3,495,000	3,415,000	3,143,000	2,630,000	2,639,000	2,653,000	2,491,000	2,654,000	2,462,000	2,369,000	2,977,000	3,044,000	3,000,000	2,061,000	2,117,000	2,155,000	2,281,000	2,405,000	2,437,000	2,769,000	1,999,000	2,002,000	1,838,000	1,777,000	1,848,000	1,919,000	1,646,000	2,035,000	1,600,000	1,503,000	1,484,000	1,662,000	1,643,000	1,540,000	1,261,000	1,182,000	1,211,000	1,188,000	1,146,000	1,111,000	1,077,000	1,056,000	1,102,000	1,075,000	1,084,000	1,061,000	1,053,000	996,000	1,060,000	1,117,000	881,000	907,000	854,000	651,000	903,000	778,000	860,000	1,100,000	1,393,000	1,447,000	1,435,000	1,465,000	1,520,000	2,030,000	1,983,000	1,835,000	1,674,000	1,698,000	1,673,000	1,679,000	1,671,000	1,679,000	1,920,000	-	1,576,570	-	1,396,882	-
Other Stockholder Equity	-	4,974,000	4,190,000	3,389,000	2,723,000	2,084,000	1,948,000	850,000	175,000	1,025,000	2,045,000	2,011,000	1,826,000	376,000	-16,000	516,000	805,000	-692,000	-566,000	-302,000	-351,000	-1,072,000	-844,000	434,000	98,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	497,000	497,000	-	497,000	-	-	-	666,000	666,000	666,000	666,000	666,000	666,000	666,000	666,000	92,000	-	-	-	92,000	-	66,000	-	64,829	-	64,829	-
Property Plant Equipment	-	23,064,000	22,132,000	21,215,000	20,848,000	20,235,000	19,453,000	19,418,000	18,151,000	18,049,000	18,274,000	18,124,000	17,827,000	17,727,000	17,244,000	17,285,000	11,147,000	10,795,000	10,738,000	10,423,000	10,689,000	10,787,000	10,993,000	11,563,000	11,770,000	11,172,000	6,456,000	6,408,000	6,677,000	6,328,000	6,396,000	6,627,000	6,150,000	6,091,000	5,644,000	5,612,000	5,712,000	5,827,000	5,985,000	6,052,000	6,038,000	6,103,000	6,351,000	5,878,000	5,984,000	5,785,000	5,554,000	5,441,000	5,827,000	5,654,000	5,967,000	5,778,000	5,407,000	5,350,000	5,495,000	5,739,000	5,532,000	5,566,000	4,923,000	4,791,000	5,390,000	5,584,000	5,701,000	6,529,000	6,925,000	7,209,000	7,067,000	7,260,000	7,478,000	7,675,000	7,593,000	7,114,000	8,175,000	9,134,000	8,943,000	9,102,000	9,283,000	9,102,000	11,043,000	13,010,000	14,071,829	13,143,000	12,232,651	11,660,000

Koninklijke Ahold Delhaize NV Buy, Hold or Sell?

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Quick analysis of Koninklijke Ahold Delhaize NV (30 sec.)

1. Valuation of Koninklijke Ahold Delhaize NV (5 min.)

€29.55

€15.76

2. Growth of Koninklijke Ahold Delhaize NV (5 min.)

Is Koninklijke Ahold Delhaize NV growing?

How much money is Koninklijke Ahold Delhaize NV making?

How much money comes from the company's main activities?

3. Financial Health of Koninklijke Ahold Delhaize NV (5 min.)

4. Comparing to competitors in the Grocery Stores industry (5 min.)

Industry Rankings (Grocery Stores)

Fundamentals of Koninklijke Ahold Delhaize NV

Financial Health

1.1. Profitability of Koninklijke Ahold Delhaize NV.

1.1. Profitability

1.1.1. Net Profit Margin

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Compared to industry (Grocery Stores)

1.1.2. Return on Assets

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Compared to industry (Grocery Stores)

1.1.3. Return on Equity

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Compared to industry (Grocery Stores)

1.2. Operating Efficiency of Koninklijke Ahold Delhaize NV.

1.2. Operating Efficiency

1.2.1. Operating Margin

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Compared to industry (Grocery Stores)

1.2.2. Operating Ratio

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Compared to industry (Grocery Stores)

1.3. Liquidity of Koninklijke Ahold Delhaize NV.

1.3. Liquidity

1.3.1. Current Ratio

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Compared to industry (Grocery Stores)

1.3.2. Quick Ratio

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Compared to industry (Grocery Stores)

1.4. Solvency of Koninklijke Ahold Delhaize NV.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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Compared to industry (Grocery Stores)

1.4.2. Debt to Equity Ratio

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Compared to industry (Grocery Stores)

2. Market Valuation of Koninklijke Ahold Delhaize NV

2. Earnings Per Share

2.1. Price to Earnings Ratio

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Compared to industry (Grocery Stores)

2.2. Price Earnings to Growth Ratio

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Compared to industry (Grocery Stores)

2. Book Value per Share

2.3. Price to Book Ratio

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Compared to industry (Grocery Stores)

Koninklijke Ahold Delhaize NV
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