Need help analysing financials on Coles

[stefanoT30]

So I've been looking into coles financial statements through there annual report/Yahoo finance. I noticed that Yahoo finance noted down a operating income of $60M. Though on the income statement it stated in that it had a gross profit of 10.5B and admin expenses close to 9B. Which would leave around 1.5B of what I thought would be operating income, can someone tell me what information I am missing ?

 

[galumay]

Dont use things like Yahoo finance for anything but the highest level glance at a business, go to the Annual Report and Financial Statements for audited financials. Operating profit is not a reported metric in Australia so you need to calculate it. I get about $1.59b (GP $10.449B - OpEx $8.859B)

 

[stefanoT30]

Dont use things like Yahoo finance for anything but the highest level glance at a business, go to the Annual Report and Financial Statements for audited financials. Operating profit is not a reported metric in Australia so you need to calculate it. I get about $1.59b (GP $10.449B - OpEx $8.859B)

Isn't the highest level glance what you want, I recorded $1.59B aswell but that's a big difference to 60M. It makes me want to know how they got that number.

 

[DrBourse]

Best advice I can offer is that you Forget Yahoo, learn more abt Balance Sheets, teach yourself how to analyse Financials, then learn how to calculate an Intrinsic Value....
Everyone will have a different approach to FA & TA - you need to find out what your approach or technique will be...
I last looked at COL back on 12/9/23 - Results of that analysis is shown in the Spreadsheet below, Nothing much has changed with COL since 12/9/23...


Maybe have a look in the "Beginners Lounge/DrB FA Help for Beginners' you may pick up some insight into some of the info you may need to look at....
Good luck...
Cheers..
DrB