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Tiffany&co -financial presentation

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Tiffany&co -financial presentation

  1. 1. Tiffany & Co A Financial Presentation By Tiffany jewelry life
  2. 2. contents <ul><li>Background of Tiffany’s </li></ul><ul><li>Financial Analysis </li></ul><ul><ul><li>Liquidity </li></ul></ul><ul><ul><li>Activity </li></ul></ul><ul><ul><li>Leverage </li></ul></ul><ul><ul><li>Profitability </li></ul></ul><ul><li>Accounting Methods </li></ul><ul><li>Auditor’s Report </li></ul><ul><li>Contingencies </li></ul><ul><li>Employee Benefits </li></ul><ul><li>Conclusions </li></ul>
  3. 3. Background <ul><li>Founded in 1837 by Charles Lewis Tiffany </li></ul><ul><li>There are over 150 Tiffany & Co. Stores in 17 countries </li></ul><ul><li>Revenue for the past 12 months is $2,307, 876,000 </li></ul><ul><li>Little Switzerland & Iridesse </li></ul><ul><li>Direct Sourcing relationship </li></ul><ul><li>Design, Manufacture, Sell </li></ul><ul><li>The main Tiffany’s stores accounted for 82% of net sales in 2004. </li></ul>
  4. 4. Background Products
  5. 5. Background Products
  6. 6. Background <ul><li>1837 – Non-negotiable Prices </li></ul><ul><li>1865 - Civil War Supplier </li></ul><ul><li>1873 – Museums </li></ul><ul><li>1885 – Great Seal of the U.S. </li></ul><ul><li>Silver and Platinum Standards </li></ul><ul><li>1950-1961 – Breakfast at Tiffany’s (Book & Movie) </li></ul><ul><li>1967 – Super Bowl </li></ul><ul><li>2004 – NASCAR </li></ul>
  7. 7. Background Competitors <ul><li>A&G ARC International Blue Nile Brown-Forman Bulgari Bulova Cartier Chanel Christie's Elizabeth Arden </li></ul><ul><li>Estée Lauder Fortunoff Armani Gucci H. Stern Hermès </li></ul><ul><li>Inter Parfums L'Oréal Société du Louvre LVMH Rolex Movado Group Neiman Marcus Nordstrom Parlux Fragrances Revlon Richard-Ginori 1735 </li></ul>Richemont Royal Doulton Saks Fifth Avenue Shiseido Signet Union Diamond Van Cleef & Arpels Waterford Wedgwood Yves Saint-Laurent Groupe Zale
  8. 8. Financial Analysis
  9. 9. Financial Analysis
  10. 10. Financial Analysis
  11. 11. Financial Analysis
  12. 12. Financial Analysis
  13. 13. Financial Analysis
  14. 14. Accounting Methods <ul><li>U.S. Inventory Valuation = LIFO method. </li></ul><ul><li>LIFO Conformity Rule </li></ul><ul><li>Foreign Subsidiaries and Japan = Average Cost </li></ul><ul><li>Depreciation = Straight Line Method. </li></ul><ul><li>Amortization of Intangible Asset = Straight Line Method. </li></ul>
  15. 15. Auditor’s Report <ul><li>The Auditing Firm was PricewaterhouseCoopers LLP </li></ul><ul><li>The financial statements were presented fairly and in accordance with the Generally Accepted Accounting Principals. </li></ul><ul><li>Qualified Opinion- SFAS No. 123R “Share Based Payment” </li></ul>
  16. 16. Contingencies <ul><li>Office, warehouse, manufacturing facility, and retail facility Leases. </li></ul><ul><li>Routine Litigation </li></ul>
  17. 17. Employee Benefits <ul><li>HEALTH Medical, Dental, Vision, and Prescription Drug Plan RETIREMENT Retirement Savings [401(k)] Plan (with company match) Pension Plan Employee Stock Ownership Plan DISABILITY BENEFITS Long Term Disability Plan Short Term Disability Plan SURVIVOR PROTECTION Group Term Life Insurance Accidental Death & Dismemberment Insurance Business Travel Accident Insurance Supplemental Group Term Life Insurance </li></ul>
  18. 18. Conclusions <ul><li>I would invest in the Firm. </li></ul><ul><li>Gross Profit Margin is considerably higher than the Industry average. </li></ul><ul><li>Net Profit Margin is greater than the Industry Average. </li></ul><ul><li>I would seek employment in this firm </li></ul>
  19. 19. Recap <ul><li>Background of Tiffany’s (1831) </li></ul><ul><li>Financial Analysis </li></ul><ul><ul><li>Liquidity Good </li></ul></ul><ul><ul><li>Activity Good </li></ul></ul><ul><ul><li>Solvency Good </li></ul></ul><ul><ul><li>Profitability Good </li></ul></ul><ul><li>Accounting Methods </li></ul><ul><ul><li>LIFO and WAC </li></ul></ul><ul><li>Auditor’s Report - PricewaterhouseCoopers LLP </li></ul><ul><ul><li>Unqualified Opinion </li></ul></ul><ul><li>Contingencies </li></ul><ul><ul><li>New Accounting Standards, New Assets, Paying off debts, Accelerated Depreciation, Stopping development </li></ul></ul><ul><li>Employee Benefits </li></ul><ul><ul><li>Health, Retirement, Disability, Survivor Protection </li></ul></ul><ul><li>Conclusions </li></ul><ul><ul><li>Invest Yes </li></ul></ul><ul><ul><li>Job Yes </li></ul></ul>

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