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Word summary of Gamestop financial statement

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Word summary of Gamestop financial statement

From the Gamestop consolidated balance sheet for the period ending 30th January 2021 the total assets is $2472.6 million which reduced as compared to the previous financial year where the total current asset was $ 2819.7 million. The total liability for the company is $2035.9 million a reduction from the previous financial year where the total liability was $2208.2 million. The total stakeholder equity for the company is $436.7 million which is a reduction from the previous financial year where the total for the owners’ equity was million 611.5 million. Therefore, the total liability and owner’s equity for the company for the year ending 30th January 2021 is $2472.8 million a reduction from the previous year where the total was $2819.7 million.

The net sale for the company for the year ending 30th January 2021 is $5089.8 million and for the financial year of 2019 the net sales is $6466.0 million while for the year 2018 it is $8285.3 million.

The cost of sales for the financial year 20220 is $3830.3 million, for the year 2019 it is $4557.3 million and for the year 2018 it is $59.77.2.

The gross profit for the financial year 2020 is $1259.5 million, for the financial year 2019 it is $ 1908.7 million and for the financial year 2018 it is $ 2308.1.

The net profit for the company for the financial year 2020 is $ 205.3, while for the 2019 financial it is $ 470.9 million and for the financial year 2018 it is $673.0.

Analysis of different aspects of financial statement

From the financial statement the value of the assets reduced from financial year 2019 to the year 2020 which is a reduction in the financial value of the company. Assets indicate the property owned by the company overs a certain financial period. The total liability and owner’s equity for the company explains the amount of value that creditors require from the company and the owner’s equity represent the amount of capital contributed by stakeholders of the company. Therefore, the reduction of the total liability and owner’s equity means that the company is reduci8ng its dependence on credits and debts. Net sale for the company represents the revenue collected by the company after selling the products. The net sales for the company reduced from 2018 to 20202 which means that the company has not been performing well over years. The cost of sales also reduced over years due to reduction in the sakes of products by the market in the company. The gross profit is obtained by subtracting cost of sales from net sales where the gross profit for the company has been reducing over the last three financial years. The net profit or loss is where the gross margin is deducted all other expenses.