Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin declined from 2.30% in 2018 to 0.44% in 2022.
  • The average EBIT Margin for the period under analysis was –1.22%, with 2020 and 2021 performing the worst and best, respectively.
  • In the current year, Macys was able to cover its interest liabilities 1.92 times in the current year- compared to 2018 when it was 4.55 times.
  • The Capital turnover stood at 2.01 times in 2021 from 1.73 in 2018, implying a high performance on Capital of the business in relation to revenue.


  • The revenue of Macys has fluctuated year on year. The revenue decreased by a negative 29.37% between 2019 and 2020 and a further 46.43% increase was recorded between 2020 and 2021. There also occurred a decrease of a negative 6.22% between 2021 and 2022 (the current period).
  • Macys’s performance in profitability looks good as the cash flow return on investment also recorded good performance during the period of analysis.


  • The company’s result in liquidity looks strong, as current ratio increased from 1.20:1 to 1.37:1 on the last year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • Macys is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been falling year on year. The gearing position of the company appears to be high as it stood at 1.45% in the current year.

Source: Macys Annual Report

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