Fastenal — Shareholder Meeting (April 2003)

5 slides from Fastenal's shareholder meeting presentation, Apr 17, 2003

Slide 1: Monthly New Accounts Per Store
DEFINITION : Daily average sales is the sales per store divided by the number of business days in the period. M ONTHLY N EW A CCOUNTS P ER S TORE
Slide 2: Monthly Active Accounts Per Store
M ONTHLY A CTIVE A CCOUNTS P ER S TORE
Slide 3: Productivity—Monthly Sales Per Employee (FTE)
P RODUCTIVITY —M ONTHLY S ALES P ER E MPLOYEE (FTE)
Slide 4: Collections – Days Out
FTE Full-time employee = 1 Part-time employee = .5 DEFINITION : Sales per month divided by full-time equivalent (FTE). C OLLECTIONS – D AYS O UT
Slide 5: Summary of Findings
DEFINITION : Days Out represent the number of calendar days, on average, between when a sale occurs and when the cash is collected. The Company usually operates around 51. S UMMARY OF F INDINGS