Woolworths Group Limited

The Group operates primarily in Australia and New Zealand, with 1,453 stores and approximately 198,000 employees at year‐end. The principal activities of the Group are:

• Australian Food: procurement of food and related products for resale and provision of services to retail customersin Australia, operating 1,087 Woolworths Supermarkets and Metro Food Stores (including two Summergate stores).
• Australian B2B: procurement and distribution of food and related products for resale to other businesses andprovision of supply chain services to business customers in Australia. During the financial period, the Group acquired a 65% equity interest in PFD Food Services (PFD), which delivers a range of dry goods, frozen and chilled products, fresh seafood and meat, confectionery, paper products, and cleaning products.
• New Zealand Food: procurement of food and drinks for resale and provision of services to retail customers in New Zealand, operating 190 Countdown Supermarkets.
• BIG W: procurement of discount general merchandise products for resale to retail customers in Australia, operating 176 BIG W stores.
• The Group also has online operations for its primary trading divisions and from the acquisition date of Quantium in the prior financial year, provides data analytics and consulting services.The Group has a wholesale operation which supplies a further 292 wholesale customer stores, comprising 220 stores relating to Statewide Independent Wholesalers (SIW) and 72 stores relating to SuperValue and FreshChoice in New Zealand.

Australian Securities Exchange: WOW

Woolworths Group Limited

Profitability

Net Margin

Year	Net Margin (%)
2013	3.9
2014	4.0
2015	3.5
2016	-4.0
2017	2.9
2018	3.2
2019	4.6
2020	1.9
2021	3.8
2022	13.1
2023	2.5
Average	3.6

Management Effectiveness

Current Ratio

Year	Current Ratio
2013	0.9
2014	0.9
2015	0.8
2016	0.8
2017	0.8
2018	0.8
2019	0.7
2020	0.6
2021	0.7
2022	0.6
2023	0.5
Average	0.7

Debt to Equity Ratio

Year	Debt to Equity Ratio
2013	1.4
2014	1.3
2015	1.3
2016	1.7
2017	1.3
2018	1.2
2019	1.2
2020	3.3
2021	21.6
2022	4.5
2023	4.1
Average	3.9

Return on Assets

Year	Return on Assets (%)
2013	10.1
2014	10.2
2015	8.4
2016	-10.0
2017	7.0
2018	7.6
2019	11.7
2020	3.1
2021	5.5
2022	23.9
2023	4.8
Average	7.5

Return on Equity

Year	Return on Equity (%)
2013	24.2
2014	23.4
2015	19.2
2016	-26.7
2017	16.1
2018	16.5
2019	25.9
2020	13.4
2021	123.0
2022	130.1
2023	24.8
Average	35.5

Valuation

Dividend Yield

Year	Dividend Yield (%)
2013	3.4
2014	3.3
2015	4.4
2016	4.5
2017	1.6
2018	1.8
2019	3.0
2020	2.5
2021	2.0
2022	2.3
2023	2.1
Average	2.8

Price to Sales Ratio

Year	Price to Sales Ratio
2013	0.7
2014	0.7
2015	0.6
2016	0.5
2017	0.6
2018	0.7
2019	0.7
2020	0.7
2021	1.0
2022	0.7
2023	0.8
Average	0.7

Price to Earnings Ratio

Year	Price to Earnings Ratio
2013	18.2
2014	18.3
2015	16.2
2016	-11.2
2017	20.6
2018	21.9
2019	15.2
2020	38.0
2021	25.4
2022	5.4
2023	29.8
Average	18.0

Price to Book Ratio

Year	Price to Book Ratio
2013	4.4
2014	4.3
2015	3.1
2016	3.0
2017	3.3
2018	3.6
2019	3.9
2020	5.1
2021	31.3
2022	7.1
2023	7.4
Average	7.0