Pentair, Inc.
Headquartered in Golden Valley, Minnesota, Pentair owns and operates fifty facilities throughout eleven different countries. Pentair’s Technical Products Group is a leader in global enclosures, thermal management products, and custom enclosures that house and protect sensitive electrical components. The Water Group manufactures innovative products used in the movement, treatment, storage and enjoyment of water. Pentair’s local ties include two manufacturing facilities. The Sheboygan operation molds plastic and extruder block water filters, while the Brookfield location manufactures custom enclosures.
Our group will analyze Pentair’s financial position at year-end in 2002 and compare that to the most recent year-end report in 2006. This analysis will include Pentair’s financial condition with respect to: accounts receivable and inventory turnover, current ratio and working capital, operating ratios and percentages, the rate of return on sales, fixed assets and capital, along with competitive strategies and the financial strengths and weaknesses. We will be using Pentair’s annual 10K report found on www.sec.gov, to support our comparisons.
In 2002, Pentair reported their total current assets as $2,514,450,000 compared to $3,364,979,000 in 2006. This 34 percent increase was equally distributed between accounts receivable, inventories, goodwill and property, plant and equipment. Goodwill and property, plant and equipment reported the largest increases. This means Pentair’s value grew based on their ability to purchase or maintain their property, plant and equipment.
Accounts receivable was reporte ...