We believe this new focus will result in improved performance at existing locations as the company maximizes existing store volumes before adding a new nearby warehouse. Due to the resulting decrease in capital expenditures, we believe the company will use excess cash to accelerate share repurchases, increase dividends and pursue international acquisitions.
PESTEL Analysis
This is the accounting equation which is followed in balance sheet of any company. The sum of liabilities and equities is equal to the assets of the company. Liabilities of the company finance the assets of the company. The difference between the both is the equity which is bought in by the owners of the company. Owners of the company can be proprietor or the shareholders of the corporation. Any organisation will have its key stakeholders. These bunch of stakeholders look into the performance of the company and will decide its future course of action. For any company the key shareholders are management, shareholders, customer & suppliers. These are the people who look in the annual filings and quarterly filings. (John Struat Mill, 2011)
Earlier the cost structures where direct and the product lines were having a direct approach. As the product diversification took place and with automated technology the costing system has not evolved. Low volume products which use more of the activity at cost centers are having the same cost structures as high volume products. This is leading to costing errors. Activity based costing will assign activities that are associated with each of the products. This will help in highlighting the product cost as per their activities.
我们相信，这个新的重点将导致在现有的位置，作为公司在提高性能最大限度地提高现有店铺的卷，然后再添加一个新的附近的仓库。由于资本性支出减少的结果，我们相信该公司将利用多余的现金，以加速股票回购，提高股息，并寻求国际并购。
PESTEL分析
其次是在任何一家公司的资产负债表，这是会计等式。负债和权益的总和等于该公司的资产。公司负债融资的公司资产。两者之间的区别是买本公司拥有人的权益。本公司拥有人可以是业主或法团股东。任何组织都将拥有其关键的利益相关者。这些利益相关者的一堆看起来到该公司的表现将决定其今后的行动方针。对于任何公司的主要股东，管理人员，股东，客户及供应商。这些人谁看的年度报表和季度备案的。 （约翰Struat磨坊，2011）
此前的成本结构，其中直接和产品线有直接的办法。随着产品多样化的发生和自动化技术的成本系统还没有进化。使用更多的活动在成本中心的低容量的产品具有相同的成本结构，为高容量产品。这是导致成本计算错误。基于活动的成本分配与每个产品关联的活动。这将有助于为他们的活动突出了产品的成本。
