World Class Benchmarking measures the financial performance of a company through Profitable Growth. Our database includes about 27,000 companies worldwide and each company is benchmarked versus all its global sector peers.
Learn more about it in this post, and why Profitable Growth is what matters to you as an investor.
Learn more at: http://becomeabetterinvestor.net/blog/profitable-growth-is-what-matters/
A.T. Kearney 2017 State of Logistics Report: Accelerating into UncertaintyKearney
2017 could be a pivotal year for logistics. Demand patterns are shifting, technological advances are altering industry economics, and new competitors are challenging old business models. This year could bring significant moves that reshape individual sectors and even the industry as a whole. Major business combinations, large-scale shifts in distribution flows, deep capacity cuts, massive infrastructure investments–anything is possible. Here are the ten key takeaways from the 2017 State of Logistics report, as well as the four potential scenarios for the future of logistics.
EY's European Banking Barometer – 2015 identifies the views of 226 senior European bankers across 11 markets regarding their views of the macro-economic outlook and the impact they think it will have on the banking industry in 2015.
For further information visit: www.ey.com/ebb
Every quarter, we hold a company-wide meeting called Last Quarter at Front. In it, we go over results from the last quarter and our vision for the weeks ahead. These greatly contribute to our These are the slides from LQAF Q2 in 2019.
Shaping the Sustainable Organization | Accentureaccenture
Accenture helps companies unlock the business and environmental value of organizational sustainability by strengthening their sustainability DNA. Read more.
A.T. Kearney 2017 State of Logistics Report: Accelerating into UncertaintyKearney
2017 could be a pivotal year for logistics. Demand patterns are shifting, technological advances are altering industry economics, and new competitors are challenging old business models. This year could bring significant moves that reshape individual sectors and even the industry as a whole. Major business combinations, large-scale shifts in distribution flows, deep capacity cuts, massive infrastructure investments–anything is possible. Here are the ten key takeaways from the 2017 State of Logistics report, as well as the four potential scenarios for the future of logistics.
EY's European Banking Barometer – 2015 identifies the views of 226 senior European bankers across 11 markets regarding their views of the macro-economic outlook and the impact they think it will have on the banking industry in 2015.
For further information visit: www.ey.com/ebb
Every quarter, we hold a company-wide meeting called Last Quarter at Front. In it, we go over results from the last quarter and our vision for the weeks ahead. These greatly contribute to our These are the slides from LQAF Q2 in 2019.
Shaping the Sustainable Organization | Accentureaccenture
Accenture helps companies unlock the business and environmental value of organizational sustainability by strengthening their sustainability DNA. Read more.
This PPT deck displays fourty slides with in depth research. Our Annual Strategic Planning Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle.It showcases of all kind of editable templates infographics for an inclusive and comprehensive Annual Strategic Planning Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with twenty slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Organizational Accomplishments PowerPoint Presentation Slides with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization. http://bit.ly/2tG9KIL
"You can download this product from SlideTeam.net"
Presenting headcount comparison layout. This is a headcount comparison layout. This is a two stage process. The stages in this process are headcount, male female comparison, male female ratio. https://bit.ly/3HumhQG
This is a preview of the Complete Business Frameworks Reference Guide/Toolkit. The full document can be downloaded here:
https://flevy.com/browse/business-document/complete-business-frameworks-reference-guide-644
The Complete Business Frameworks Reference Guide is a very comprehensive document with over 300+ slides--covering 50 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms, such as McKinsey, Bain, BCG, Booz, Monitor Group, Deloitte, Accenture, IBM, E&Y, LEK, AT Kearney, Roland Berger, Oliver Wyman, and others.
INCLUDED FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Core Competence Analysis
16. Cost Structure Analysis
17. Customer Experience
18. Customer Satisfaction Analysis
19. Customer Value Proposition
20. Fiaccabrino Selection Process
21. Financial Ratios Analysis
22. Gap Analysis
23. Industry Attractiveness & Business Strength Assessment
24. Key Purchase Criteria
25. Key Success Factors (KSF)
26. Market Sizing & Share
27. McKinsey 7-S
28. Net Present Value
29. PEST Analysis
30. Porter Competition Strategies
31. Porter's Five Forces
32. Portfolio Strategies
33. Price Elasticity
34. Product Life Cycle
35. Product Substitution
36. Relative Cost Positioning
37. Rogers' Five Factors
38. Scenario Techniques
39. Scoring Models
40. Segment Attractiveness
41. Segmentation & Targeting
42. Six Thinking Hats
43. Stakeholder Analysis
44. Strengths & Weaknesses Analysis
45. Structure-Conduct-Performance (SCP)
46. SWOT Analysis
47. SWOT Strategies
48. Treacy / Wiersema Market Positioning
49. Value Chain Analysis
50. Venkat Matrix
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
This PPT deck displays twentytwo slides with in depth research. Our Annual Sales Performance Review Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographics for an inclusive and comprehensive Annual Sales Performance Review Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement
Project Management Overall Approach created by ex-McKinsey, Deloitte & BCG Consultants specialized in Project Management. Powerpoint version Downloadable at www.slidebooks.com.
Genpact helps leaders of some of the largest enterprises
transform and run their processes and operations, including
the very complex and industry-specific. We help enterprises to be more competitive by becoming more intelligent: adaptive, innovative, globally effective and connected by enabling tighter management of costs, risks, regulations, and supporting growth.
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
Krezzo's "OKR Training Slides" is packed with an operational playbook, training materials, and OKR examples to ensure your program is on the right track. Register to access, and then customize as you wish!
Mckinsey 7S Model Case Study Powerpoint Presentation SlidesSlideTeam
"You can download this product from SlideTeam.net"
Building a case study PowerPoint presentation show up from scratch is indeed a mega task. To help you out in this here we are presenting our pre-made 55 slides Mckinsey 7s Model Case Study Powerpoint Presentation Slides. With support of our excellent Mckinsey 7s Model Case Study presentation deck you can easily cover topics like agenda, strategy, structure, systems, staff, style, skills and shared values, hard values, soft values, business strategy, resource GAP analysis, skill GAP analysis, 7-S framework, etc. With so many potential customers, it’s absolute necessary for businesses to bang on marketing. Using the designs of this descriptive presentation show you can also brief onlookers about the importance of marketing and its advantages. Furthermore, using our PPT example deck consultants can discuss outcome and impact of marketing on the business to ensure whether proper marketing strategies and regulations are followed correctly or not. Exclusive PowerPoint presentation slides like our team, about us, stacked bar, target, comparison, financial, quotes, dashboard, pie chart, scatter chart, location, timelines, post in notes, mind map, venn etc. are included for better awareness of the topic. What are you waiting for? Download this Mckinsey 7s Model Case Study PPT sample deck file and make onlookers get the better side of the right marketing model. Advise folks to analyze events gone by with our Mckinsey 7s Model Case Study Powerpoint Presentation Slides. Encourage them to introspect. https://bit.ly/3vaV9Ai
Accenture’s research into collecting employee data can help organizations get the most out of their employees and decode their organizational DNA. Learn more.
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
This PPT deck displays fourty slides with in depth research. Our Annual Strategic Planning Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle.It showcases of all kind of editable templates infographics for an inclusive and comprehensive Annual Strategic Planning Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with twenty slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Organizational Accomplishments PowerPoint Presentation Slides with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization. http://bit.ly/2tG9KIL
"You can download this product from SlideTeam.net"
Presenting headcount comparison layout. This is a headcount comparison layout. This is a two stage process. The stages in this process are headcount, male female comparison, male female ratio. https://bit.ly/3HumhQG
This is a preview of the Complete Business Frameworks Reference Guide/Toolkit. The full document can be downloaded here:
https://flevy.com/browse/business-document/complete-business-frameworks-reference-guide-644
The Complete Business Frameworks Reference Guide is a very comprehensive document with over 300+ slides--covering 50 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms, such as McKinsey, Bain, BCG, Booz, Monitor Group, Deloitte, Accenture, IBM, E&Y, LEK, AT Kearney, Roland Berger, Oliver Wyman, and others.
INCLUDED FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Core Competence Analysis
16. Cost Structure Analysis
17. Customer Experience
18. Customer Satisfaction Analysis
19. Customer Value Proposition
20. Fiaccabrino Selection Process
21. Financial Ratios Analysis
22. Gap Analysis
23. Industry Attractiveness & Business Strength Assessment
24. Key Purchase Criteria
25. Key Success Factors (KSF)
26. Market Sizing & Share
27. McKinsey 7-S
28. Net Present Value
29. PEST Analysis
30. Porter Competition Strategies
31. Porter's Five Forces
32. Portfolio Strategies
33. Price Elasticity
34. Product Life Cycle
35. Product Substitution
36. Relative Cost Positioning
37. Rogers' Five Factors
38. Scenario Techniques
39. Scoring Models
40. Segment Attractiveness
41. Segmentation & Targeting
42. Six Thinking Hats
43. Stakeholder Analysis
44. Strengths & Weaknesses Analysis
45. Structure-Conduct-Performance (SCP)
46. SWOT Analysis
47. SWOT Strategies
48. Treacy / Wiersema Market Positioning
49. Value Chain Analysis
50. Venkat Matrix
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
This PPT deck displays twentytwo slides with in depth research. Our Annual Sales Performance Review Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographics for an inclusive and comprehensive Annual Sales Performance Review Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement
Project Management Overall Approach created by ex-McKinsey, Deloitte & BCG Consultants specialized in Project Management. Powerpoint version Downloadable at www.slidebooks.com.
Genpact helps leaders of some of the largest enterprises
transform and run their processes and operations, including
the very complex and industry-specific. We help enterprises to be more competitive by becoming more intelligent: adaptive, innovative, globally effective and connected by enabling tighter management of costs, risks, regulations, and supporting growth.
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
Krezzo's "OKR Training Slides" is packed with an operational playbook, training materials, and OKR examples to ensure your program is on the right track. Register to access, and then customize as you wish!
Mckinsey 7S Model Case Study Powerpoint Presentation SlidesSlideTeam
"You can download this product from SlideTeam.net"
Building a case study PowerPoint presentation show up from scratch is indeed a mega task. To help you out in this here we are presenting our pre-made 55 slides Mckinsey 7s Model Case Study Powerpoint Presentation Slides. With support of our excellent Mckinsey 7s Model Case Study presentation deck you can easily cover topics like agenda, strategy, structure, systems, staff, style, skills and shared values, hard values, soft values, business strategy, resource GAP analysis, skill GAP analysis, 7-S framework, etc. With so many potential customers, it’s absolute necessary for businesses to bang on marketing. Using the designs of this descriptive presentation show you can also brief onlookers about the importance of marketing and its advantages. Furthermore, using our PPT example deck consultants can discuss outcome and impact of marketing on the business to ensure whether proper marketing strategies and regulations are followed correctly or not. Exclusive PowerPoint presentation slides like our team, about us, stacked bar, target, comparison, financial, quotes, dashboard, pie chart, scatter chart, location, timelines, post in notes, mind map, venn etc. are included for better awareness of the topic. What are you waiting for? Download this Mckinsey 7s Model Case Study PPT sample deck file and make onlookers get the better side of the right marketing model. Advise folks to analyze events gone by with our Mckinsey 7s Model Case Study Powerpoint Presentation Slides. Encourage them to introspect. https://bit.ly/3vaV9Ai
Accenture’s research into collecting employee data can help organizations get the most out of their employees and decode their organizational DNA. Learn more.
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
The State of the Venture Capital Industry is an annual report produced by TrueBridge Capital Partners highlighting the trends in venture fundraising, investing, valuations, exits, and performance.
All data sourced from Dow Jones VentureSource, Dow Jones LP Source, CB Insights, PitchBook, and Cambridge Associates.
StartUp Health Insights Global Digital Health Funding Report Q1 2018StartUp Health
2018 Q1 continued the wave of digital health investment activity - the most deal volume of any first quarter since we’ve been tracking data - totaling $2.8B of investment across 191 deals. In addition, we’re seeing more deal flow at every stage, across a spectrum of companies and technologies, from an increasing ecosystem of investors.
2018 StartUp Health Insights Global Digital Health Funding Report 2018 MidyearStartUp Health
The first half of 2018 has brought an increase in deal volume and a total of $6.1B invested in digital health companies across the globe - showing a heightened confidence in the sector.
StartUp Health Insights Funding Report Q3 2017 YTDStartUp Health
Digital health funding broke all previous records in Q3, with 2017 YTD funding surpassing $9.0B. Assuming
momentum continues through Q4, we’ll finish 2017 well past $10B, a significant signal of support for
entrepreneurs working to achieve their Health Moonshots. Despite the headlines and uncertainty surrounding
healthcare reform, investment into digital health companies continues to accelerate.
DSP BlackRock World Agriculture Fund -
An open ended Fund of Funds Scheme investing in Agricultural companies through International funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking* :
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of companies in the agriculture value chain
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
Running head FINANCIAL ANALYSIS OF LOWE’S COMPANY .docxwlynn1
Running head: FINANCIAL ANALYSIS OF LOWE’S COMPANY 1
FINANCIAL ANALYSIS OF LOWE’S COMPANY 11
Financial Analysis of Lowe’s Company
Introduction
Lowes Company is a national store that was founded in the year 1948. The company was first opened in North Carolina and it was among the first retailer companies in America back then. The company mainly dealt with home equipment and appliances. Moreover, the company is said to have been generating huge revenues back then when it began. The company continued to thrive in its operations as it opened up approximately 2390 stores across the world. The company also promoted social responsibility in the society as it has so far employed around 310, 000 individuals in its stores worldwide. However, in the past years, the performance of the company began deteriorating and a financial analysis has to be carried out in order to know the problem.
Body
Common size income statement
year
2018
2017
2016
2015
Net sales
100
100
100
100
Cost of sales
65.89
65.45
65.18
65.21
Gross margin
34.11
34.55
34.82
34.79
Selling, general exp
22.41
23.27
23.88
23.61
Depreciation and amortization
2.11
2.29
2.53
2.66
Operating income
9.60
8.99
8.41
8.52
Interest expense
0.93
1.00
0.93
0.92
Amortization
0.02
0.02
0.01
0.01
Interest income
0.02
0.02
0.01
0.01
Interest net
0.92
0.99
0.93
0.92
Loss on extinguishment of debt
0.68
-
-
-
Pre-tax earnings
8.00
8.00
7.48
7.61
Income tax provisions
2.98
3.24
3.17
2.81
Net earnings
5.02
4.76
4.31
4.80
A common size financial statement is a document that is used in doing comparison of financial information. The values of the common size income statement are normally converted as a percentage of the returns. From the common size income statement it is clear that the cost of sales increases over the years. The cost of sales in 2015 was 65.21 and in 2018 the cost of sales was 65.89. However, the gross margin is decreasing over the years. A gross margin is the amount that is the revenue that is collected in each commodity that is sold. The decrease in the gross margin is an indicator that the company is not performing well financially. Companies should have a high gross margin so that they can be able to meet other financial obligations.
Moreover, from the common size financial statement of analysis, it can be seen that the pretax earnings decreased slightly in 2015 and 2016 and then remained stable for the next two years[footnoteRef:1]. In addition, the interest net, interest income and the amortization are a clear indication that the company is carrying out proper investments using the shareholders property and wealth. The extra investments will enable the company to have a high debt to equity ratio and eventually the return on equity will increase greatly. Firms that have a high return on equity also have a greater ability to meet the day to day expenses. Therefore, firms are.
Compose a paper using the five sources attached. The paper should .docxdonnajames55
Compose a paper using the five sources attached. The paper should summarize not PLAGARIZE all 5 articles regarding electronic medical records. APA FORMAT AND USE THE SOURCES GIVEN ONLY. MAKE SURE TO USE INTEXT CITATION FOR THEESE SOURCE. PAPER SHOULD BE 6 PAGES LONG.
Financial Ratio Analysis Worksheet
Your Full Name:
Ahmed Alothman
2011
2010
2009
Basic Rules
Liquidity
Current Ratio
1.50
1.6
1.2
Should be >1.00
Quick Ratio
0.86
0.95
0.6
Good to see close to 1
Leverage
Debt to total asset ratio
0.19
0.19
0.26
Good to see less than 1
Debt to Equity ratio
1.003
1.03
1.35
Smaller is better
Activity
Inventory turnover
7.8
8.3
7
Higher turnover will be better --- Smaller inventory level will increase the turnover!
Fixed asset turnover
3.3
3.2
3.2
Higher turnover will be better --- Smaller fixed assets level will increase the turnover (Productivity of the fixed assets)!
Profitability
Gross profit margin
0.3
0.3
0.3
Higher is better (Lower cost of goods sold or Higher sales will increase the margin) --- Strategic directions (Ex. Focusing on sales quantity or Lean operations)
Operating profit margin
0.06
0.06
0.06
Higher is better – Operational efficiency will be indicated. Better cost structure might increase this margin.
Net profit margin
0.04
0.03
0.03
Higher is better. Total profitability (Corporate profitability). Check the interest expense and Discontinued operations.
Return on total Assets (ROA)
0.06
0.06
0.06
Higher is better. Consider EBIT and portion of total assets. The total sales for each $1 of total assets.
Your own financial assessment / Analyses / Suggestions:
Liquidity of Staples:
Liquidity ratios are used to measures the ability of the company to pay off its current liabilities.
Using current ratio it shows that staples can pay off its current liabilities more than 1.50, 1.6, 1.2 times respectively and still remain with enough. The company is stable in paying off its current liabilities
Using quick ratio Staples can pay off its liabilities 86 percent, 95 percent and 60 percent respectively of its current liabilities.
Leverage of Staples:
Leverage measures the risk level. But for staples, the company's assets are far more than its liabilities thus the company can be able to access loan application since its ability to pay is far better and stronger. The company is less risky.
Staples has a Debt to equity ratio of 1 which means that investors and creditors have an equal stake in the company's assets. Lower ratio shoes a more stable business. Creditors always views a higher debt to equity as risky and the investors have not funded the operations as the creditors have. The company should try and look for ways to reduce on the Debt to equity ratio.
Activity of Staples:
This measures efficiency on how Staples can control its stock. Staples has a very good inventory control system. This company can sell off its inventory more than 7 times in a single year.
T.
China Mobile Limited is a leading telecom service provider, operating in China and Hong Kong. It has the world’s largest mobile network and the world’s largest mobile customer base of 837m as of June 2016. The company is also the No. 1 mobile operator in China, with 63% mobile subscribers and 69% revenue market share.
World Class Benchmarking: Zhejiang Expressway Company Limited (576 HK)Andrew Stotz, PhD, CFA
The Zhejiang provincial government owns two-thirds of Zhejiang Expressway Company Limited, a public corporation that invests in and operates toll roads within this prosperous province of eastern China.
Under Jianhu Luo’s leadership, Zhejiang Expressway’s Profitable Growth rank has fallen to below average.
Learn more at: http://becomeabetterinvestor.net/blog/the-road-to-riches-isnt-always-straight/
WH Group Limited is the world’s top pork processor by volume. Profitable Growth has improved since the company went public in 2014, after a really poor performance in 2013.
Learn more at: http://becomeabetterinvestor.net/blog/get-piggy-with-it/
World Class Benchmarking: Vista Land & Lifescapes Incorporated (VLL PM)Andrew Stotz, PhD, CFA
Manuel Paolo Villar has kept Profitable Growth at a stable ranking of #4 for the company.
Vista Land & Lifescapes Incorporated is a Philippine-based home builder and property developer. With more than 300,000 homes built and a land bank of over 2,400 hectares, 76% of which is in Mega Manila.
Learn more at: http://becomeabetterinvestor.net/blog/family-run-philippine-home-builder-remains-consistent/
World Class Benchmarking: PT Waskita Karya (Persero) TBK (WSKT IJ)Andrew Stotz, PhD, CFA
As a general contractor, Waskita Karya both builds and operates toll roads. It is also the second largest Indonesian manufacturer by volume of precast concrete, which is mainly used in domestic toll road construction. Muhammad Choliq has been the President Director of WSKT since 2008, a period when the company’s profitable growth metric improved steadily.
Learn more at: http://becomeabetterinvestor.net/blog/targeting-indonesian-infrastructure-with-waskita-karya/
PLDT Incorporated (TEL) provides Filipinos with telecommunications services, fiber-optic backbones, fixed-line and cellular networks operating in three business groups: fixed-line, wireless and others.
Profitable Growth has fallen to #7 from #3 over the last five years. TEL now only ranks better than 42 of 140 large Telecom companies.
Learn more at: http://becomeabetterinvestor.net/blog/a-telecom-in-tough-waters/
Asia Aviation Public Company Limited, incorporated in 2006, is a low-cost airline business investing in Thai AirAsia Company Limited. AAV owns 55% of Thai AirAsia and 45% is owned by AirAsia Berhad (AIRA MK). AAV is currently the leader among low-cost carriers in Thailand, with its fleet currently totaling 49 aircraft as of July 2016.
AirAsia earns revenues via seven business segments. Its main contributor is scheduled flights, comprising 55% of total sales. CEO Anthony Fernandez has served in his capacity since 2001, when he and several partners bought AirAsia from its former owners. AirAsia’s financial metrics have improved greatly in the last two years.
Learn more at: http://becomeabetterinvestor.net/blog/flying-high-with-airasia/
High Profitable Growth Companies Saw Value Gains of ~10x the MarketAndrew Stotz, PhD, CFA
A portfolio of high Profitable Growth companies outperformed the general stock market by 9x over the past 20 years. A portfolio of high Profitable Growth companies yielded the highest coincident return of 19% per year on average.
Learn more at: http://becomeabetterinvestor.net/blog/high-profitable-growth-companies-saw-value-gains-of-10x-the-market/
In this study, we decided to see whether profitability or growth had a greater effect on the value increase of a business.
We found that “High profitability” companies generated more than 2x the market return, and “high growth” companies returned more than 3x the market over the past 20 years.
Learn more at: http://becomeabetterinvestor.net/blog/what-is-more-important-profitability-or-growth/
Bloomberry Resorts Corp is a holding company that focuses on managing and operating high-end hotel & casino complexes in the Philippines and South Korea.
While 2014 was a fantastic year for BLOOM, the company has fallen to the lowest ranking for profitable growth the last two years under Razon’s leadership.
Learn more at: http://becomeabetterinvestor.net/blog/placing-your-bets-on-bloomberry-resorts/
DMCI Holdings Incorporated is a major Philippines-based conglomerate. In the past, its core business was construction, but power, mining and property development have recently become its main profit sources.
Isidro Consunji took full control of the company from his father, founder David Consunji, at the end of 2014. The younger Consunji’s leadership has shown successful thus far.
Learn more at: http://becomeabetterinvestor.net/blog/fat-margins-remain-norm-at-dmci-holdings/
First Gen Corporation, set up in 1998, is the Philippines’ third-largest electricity generator.
Frederico Lopez is the Chairman and CEO, and Profitable Growth has improved to average rank in the past 12 months under his leadership.
Learn more at: http://becomeabetterinvestor.net/blog/megawatts-margins-and-growth-improvement/
Meralco remains profitable but growth losing steam.
Founded in 1903, Manila Electric Company is the largest distributor of electricity in the Philippines generating and distributing power to more than 5.5m commercial, industrial and residential customers.
Learn more at: http://becomeabetterinvestor.net/blog/a-legacy-utility-looks-for-growth/
Megaworld Corporation is the Philippines’s top residential condo developer by unit sales, and supplies mainly mid-range high-rise blocks.
The company has built a wide range of mixed-use real estate developments in Metro Manila. It is also the largest office leasing company for BPO locations.
Learn more at: http://becomeabetterinvestor.net/blog/riding-the-real-estate-wave-of-business-process-outsourcing/
Nickel Asia Corporation is one of the world’s top suppliers of lateritic nickel ore. Profitable Growth has been falling with nickel prices since 2014.
As nickel prices have recovered in 2016, up 25% YTD, it’s now up to CEO Gerard Brimo to show that he can improve the company’s rank.
Learn more at: http://becomeabetterinvestor.net/blog/financial-recovery-is-possible-after-nickel-price-rebound/
World Class Benchmarking: Puregold Price Club Incorporated (PGOLD PM)Andrew Stotz, PhD, CFA
Puregold Price Club Incorporated is the second-largest food retailer in the Philippines, catering to both end consumers and resellers. The company sells consumer goods through its 291 stores.
Leonardo Dayao has been the president of the company since 1998. In the last five-year period, both profitability and sales growth have remained high.
Learn more at: http://becomeabetterinvestor.net/blog/profitability-is-key-at-puregold-price-club/
World Class Benchmarking: Shenzhou International Group Holdings Limited (2313...Andrew Stotz, PhD, CFA
Shenzhou International Group Holdings Limited is the largest vertically integrated knitwear manufacturer in China, producing high-end apparel for brands such as Adidas, Puma, Uniqlo on an OEM basis.
Shenzhou’s Profitable Growth metric is the best in the world and has been for five years in a row.
Learn more at: http://becomeabetterinvestor.net/blog/clothing-the-world-with-shenzhou-international/
Universal Robina Corporation (URC) is a Philippines-based food producer with a more than 40% share of the domestic market. Profitable Growth has remained World Class since 2013, when Gokongwei took over. URC ranks among the best 59 large consumer staples companies globally.
Learn more at: http://becomeabetterinvestor.net/blog/cornering-the-filipino-food-market/
We can see that the bottom-up country relative consensus recommendation is currently a maximum level “Buy” for the Philippines. The consensus EPS growth estimates have been stable over the last five years at about 11% on average.
Learn more about how to benefit from our Watching the Street charts: http://becomeabetterinvestor.net/blog/how-to-benefit-from-our-watching-the-street-charts/
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. 215 June 2016
'11 '12 '13 '14 PTM
5 4 5 4 2
'11 '12 '13 '14 PTM '11 '12 '13 '14 PTM
4 4 4 4 2 6 5 8 4 2
'11 '12 '13 '14 PTM '11 '12 '13 '14 PTM '11 '12 '13 '14 PTM '11 '12 '13 '14 PTM
2 2 3 5 4 6 6 5 4 4 9 7 10 10 4 4 4 4 2 2
Benchmarked against 1,130 Info Tech companies worldwide.
Profitable Growth
Asset utilization Profit margin Sales growth Margin change
Profitability Growth
Source: A. Stotz Investment Research
Notes: 1 = top ranking and 10 = worst. *Past 12 months of published data.
This is what you need to know about financial performance
3. 315 June 2016
Global universe of about 27,000 companies in 10 sectors
Rank the company on Profitable Growth from 1 (best) to
10 (worst), against all sector peers of similar size
Share price performance of superior Profitable Growth
companies has beaten peers
Companies with large improvements in Profitable
Growth rank yielded outstanding share price returns
The bottom of the triangle shows the strengths and
weaknesses of the company and builds up to the
Profitable Growth ranking
Source: A. Stotz Investment Research
Executive summary
4. 415 June 2016
Profitable Growth is what matters
Why Profitable Growth matters
Classifying peer group
How to read the Triangle
5. 515 June 2016
Why Profitable Growth matters
Superior Profitable Growth companies beat
their peers
Companies with large improvements in
Profitable Growth rank yield outstanding
returns
Here is an academic-style study we did
6. 615 June 2016
We started this study with 93,500 companies that were
listed at any point in time, anywhere in the world from
March 1995 to March 2015
This left us with about 19,500 stocks listed on different markets across
the world
19,500 companies across the world
We removed 4,000 stocks that did not have the fundamental data
needed to calculate A. Stotz Profitable Growth metrics
We then removed financial companies and companies with
a market capitalization of less than US$50m which left us
with 23,500 nonfinancial companies worldwide
7. 715 June 2016
Methodology
We grouped all companies by size within the 10 different sectors:
Large: Companies with either assets or sales of more than US$700m
Small: Companies with either assets or sales of less than or equal to US$130m
Medium: Companies that are not large or small
If the sales and assets for a company showed conflicting results we let the size of the
sales determine the group
A company that had sales of a large company, but assets of a medium one we classified
as large and a company with medium sales and large assets we classified as medium
The remaining one percent of all companies, either had large sales and small assets or
small sales and large assets, were classified as medium companies
8. 815 June 2016
Methodology (cont.)
First we calculated the two components of our A. Stotz Profitable Growth measure:
We ranked the companies in deciles on our combined Profitable Growth score relative
to all their sector peers of similar size across the world in each year from 1995 to 2015
𝑃𝑟𝑜𝑓𝑖𝑡𝑎𝑏𝑖𝑙𝑖𝑡𝑦 =
𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒
(𝐵𝑒𝑔𝑖𝑛𝑛𝑖𝑛𝑔 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠 + 𝐸𝑛𝑑𝑖𝑛𝑔 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠)/2
𝐺𝑟𝑜𝑤𝑡ℎ =
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑦𝑒𝑎𝑟′ 𝑠 𝑒𝑎𝑟𝑛𝑖𝑛𝑔𝑠 𝑝𝑒𝑟 𝑠ℎ𝑎𝑟𝑒 𝐸𝑃𝑆 − 𝑃𝑟𝑖𝑜𝑟 𝑦𝑒𝑎𝑟′ 𝑠 𝐸𝑃𝑆
𝐴𝑏𝑠𝑜𝑙𝑢𝑡𝑒 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑝𝑟𝑖𝑜𝑟 𝑦𝑒𝑎𝑟′ 𝑠 𝐸𝑃𝑆
9. 915 June 2016
Methodology (cont.)
We calculated the one-year stock price return from the prior year’s reporting date, for
example for Dec 2013 results, if we assume that the company announced its financial
results by Mar 2014 then its one-year price return was from Mar 2013-Mar 2014
Then we calculated the simple average price return for each Profitable Growth decile
and the compound annual price return during Mar 1995-Mar 2015
To eliminate outliers, we excluded 1% of the observations, which meant stocks that had
a price change of more than 500% or less than -85% in any one year
We repeated this process for each size group; large, medium and small and look at the
results separately
10. 1015 June 2016
Methodology (cont.)
The final number of companies included in each size group after excluding all
companies that didn’t have year-end in December and adjusting for outliers:
Large: 3,600 companies
Medium: 4,400 companies
Small: 4,000 companies
Total: 12,000 companies
11. 1115 June 2016
The higher deciles
yielded higher returns
versus the lower
deciles
Over the time period
studied, even the worst
decile showed an
average annual return
that was positive
But the decile with
the best Profitable
Growth returned 15x
higher annual return
than the worst
Large: Superior Profitable Growth companies beat their
peers
Sources: A. Stotz Investment Research, Thomson Reuters
31
24
21
18
17 16
12
10
6
2
16
-
5
10
15
20
25
30
35
Best 2 3 4 5 6 7 8 9 Worst
Simple average
Average of all groups
Price return from Mar 1995 - Mar 2015 (%, p.a.)
12. 1215 June 2016
The higher ranked
deciles yielded higher
returns
For medium sized
companies the
difference between
best and worst were
even more significant
than for large
The two worst
deciles showed a
negative average
annual return
Medium: Superior Profitable Growth companies beat their
peers
Sources: A. Stotz Investment Research, Thomson Reuters
34
26
19
15
12
8
5
2
(1)
(7)
12
(10)
(5)
-
5
10
15
20
25
30
35
40
Best 2 3 4 5 6 7 8 9 Worst
Simple average
Average of all groups
Price return from Mar 1995 - Mar 2015 (%, p.a.)
13. 1315 June 2016
Again, the higher
ranked deciles yielded
higher returns
The Profitable
Growth rank shows a
clear relationship with
share price
A high rank means a
high share price, i.e. a
higher Profitable
Growth rank means a
higher value of the
business
This holds true for
large, medium and
small companies
Small: Superior Profitable Growth companies beat their
peers
Sources: A. Stotz Investment Research, Thomson Reuters
33
22
18
14
9
5 4
2
(5)
(12)
9
(15)
(10)
(5)
-
5
10
15
20
25
30
35
40
Best 2 3 4 5 6 7 8 9 Worst
Simple average
Average of all groups
Price return from Mar 1995 - Mar 2015 (%, p.a.)
14. 1415 June 2016
Methodology part 2
We analyzed the share price performance of the companies that changed their
Profitable Growth rankings in each size group
We calculated the change in decile ranking from the prior year in each group, for
example, if the company was ranked in the 3rd decile this year versus the 4th decile last
year, the company improved by one step
Then we grouped the companies that showed no change in decile rank as the starting
point. After that we grouped every company that showed an incremental one, two or
three step improvement into another group. From this we ended up with seven
groups, each containing a different number of companies
Then we calculated the simple average price change of each group each year, assuming
that we started to invest in each group every year in March, from Mar 1995-Mar 2015
and compounded the annual returns of each group
15. 1515 June 2016
The Profitable
Growth group that
improved by 7-9 steps,
returned 33% p.a.,
more than a double
return compared to the
group that showed no
improvement
The Profitable
Growth group that fell
7-9 steps in decile rank
displayed a slightly
negative price
performance
Large: Companies with large improvements in Profitable
Growth rank yield outstanding returns
Sources: A. Stotz Investment Research, Thomson Reuters
33
28
23
16
8
3
(0)
(5)
-
5
10
15
20
25
30
35
+7-9 +4-6 +1-3 Same -1-3 -4-6 -7-9
Simple average
Price return from Mar 1996 - Mar 2015 (%, p.a.)
16. 1615 June 2016
It looks similar for
medium sized
companies as for large
The Profitable
Growth groups that
improved by 4-9 steps,
returned 31%
The Profitable
Growth groups that fell
4-9 steps in decile rank
displayed a negative
price performance,
losing on average 4-5%
The market is less
discerning, strong
improvement means
almost equally strong
share price
performance
Medium: Companies with large improvements in Profitable
Growth rank yield outstanding returns
Sources: A. Stotz Investment Research, Thomson Reuters
31 31
21
13
4
(5) (4)
(10)
(5)
-
5
10
15
20
25
30
35
+7-9 +4-6 +1-3 Same -1-3 -4-6 -7-9
Simple average
Price return from Mar 1996 - Mar 2015 (%, p.a.)
17. 1715 June 2016
For small companies
the group that
improved 4-6 steps
returned more than
the group that improve
7-9 steps
It seemed like the
market was more
skeptical to extreme
improvements for
small companies
The market rewards
improvements in
Profitable Growth and
this holds true for
large, medium and
small companies
Small: Companies with large improvements in Profitable
Growth rank yield outstanding returns
Sources: A. Stotz Investment Research, Thomson Reuters
24
27
17
11
3
(3)
(10)
(15)
(10)
(5)
-
5
10
15
20
25
30
+7-9 +4-6 +1-3 Same -1-3 -4-6 -7-9
Simple average
Price return from Mar 1996 - Mar 2015 (%, p.a.)
18. 1815 June 2016
Results from our research looking at 12,000 companies across the
world
Share price performance of superior Profitable Growth companies
beat their peers
Companies with large improvements in Profitable Growth rank
yield outstanding share price returns
This holds true for large, medium and small companies
Source: A. Stotz Investment Research
What you have learned about why Profitable Growth matters
19. 1915 June 2016
Classifying the peer group
What is the size of the business?
What sector does the company operate in?
20. 2015 June 2016
• Size does matter
• Because small companies tend to grow faster than large
• First we group the company into one of the following three
size categories:
• Small, medium or large
What is the size of the business?
21. 2115 June 2016
• Large firms
• Either asset or revenue more than US$700m
• Small firms
• Either asset or revenue less than US$130m
• Medium firms
• Either assets or revenue between large and small
Large, medium or small?
22. 2215 June 2016
• No two companies are alike, but some are more alike
than others
• We use The Global Industry Classification Standard
(GICS®) developed by MSCI & Standard & Poor's
• Currently there are 10 Sectors and 24 Industry Groups
• We rank the company within one of the ten major
sectors
There are ten major sectors in the world
23. 2315 June 2016
1. Consumer discretionary (Cons. Disc.) – Ford
2. Consumer Staples (Cons. Staples) – Wal-Mart
3. Energy – Exxon Mobil
4. Health Care – Johnson & Johnson
5. Industrials – General Electric
6. Information Technology (Info. Tech.) – Google
7. Materials – Monsanto
8. Real Estate – Simon Property Group
9. Telecom – AT&T
10.Utilities – Duke Energy
What sector does the company operate in?
24. 2415 June 2016
• We first classify the business based on it size (Small,
medium, large)
• A large company should not be compared against a small
company and vice versa
• We then classify the company into a Global sector
• A consumer company should not be compared against an
energy company
• The company is then assigned a 1 (best) to 10 (worst)
ranking within its size category of its sector
What you have learned about classifying the peer group
25. 2515 June 2016
How to read the Triangle
The top of the triangle is what matters
The results at the top of the triangle are
explained by the results below
Level two and three explain what is driving
Profitable Growth
26. 2615 June 2016
Source: A. Stotz Investment Research
The top of the triangle is what matters: Profitable Growth
27. 2715 June 2016
Source: A. Stotz Investment Research
Notes: 1 = top ranking and 10 = worst. PTM = Past 12 months of published data.
We rank the company from 1 (best) to 10 (worst)
Best
'11 '12 '13 '14 PTM
1 1
2 1 2 1
3 2 3 2
4 3 4 3 1
5 4 5 4 2
6 5 6 5 3
7 6 7 6 4
8 7 8 7 5
9 8 9 8 6
10 9 10 9 7
10 10 8
9
10
Profitable Growth
Worst
Subject company
The company is
grouped into deciles
based on financial
performance
28. 2815 June 2016
Source: A. Stotz Investment Research
Notes: 1 = top ranking and 10 = worst. PTM = Past 12 months of published data.
We track the company for 5 periods, updated quarterly
Five periods of ranking
In the past 12
months the
company’s decile
ranking among its
peers improved to
No. 2 from No. 4
Company was ranked
in the 4th decile in 2014
Best
'11 '12 '13 '14 PTM
1 1
2 1 2 1
3 2 3 2
4 3 4 3 1
5 4 5 4 2
6 5 6 5 3
7 6 7 6 4
8 7 8 7 5
9 8 9 8 6
10 9 10 9 7
10 10 8
9
10
Profitable Growth
Worst
Subject company
30. 3015 June 2016
Source: A. Stotz Investment Research
Profitable Growth comes from a combination of the
company’s score on profitability and growth
Profitable growth
is explained by
the two measures
below it
31. 3115 June 2016
Source: A. Stotz Investment Research
Strong profit growth with minimum asset use is great
This Profitable Growth
drives truly sustainable
long-run value in the
business
Reduced asset driven
earnings growth is great,
because this decreases the
need for new capital
injections
32. 3215 June 2016
Source: A. Stotz Investment Research
Let’s review the first driver of Profitable Growth: Profitability
33. 3315 June 2016
Source: A. Stotz Investment Research
Profitability – Strong profitability means generating more
profit from assets in place
Profit divided by assets =
Return on Assets
Getting more out of
assets means the company
needs less capital
BEWARE: Very high
profitability, with no
growth, is not sustainable
34. 3415 June 2016
Source: A. Stotz Investment Research
Let’s review the second driver of Profitable Growth:
EPS growth
35. 3515 June 2016
Source: A. Stotz Investment Research
Growth – Earnings per share growth, the market values it
and so should you
Annual percent change
in profit per share
This shows that
customers want the
company’s product and
that it can be produced
profitably
BEWARE: High growth,
but low profitability is
often waste of money
37. 3715 June 2016
Source: A. Stotz Investment Research
The results at the top of the triangle are explained by the
results below
Each measure is
explained by the
two measures
below it
38. 3815 June 2016
Source: A. Stotz Investment Research
Let’s review the two measures that drive profitability
39. 3915 June 2016
Source: A. Stotz Investment Research
Asset utilization is the amount of revenue the company
generates from the assets in place
Sales divided by assets
Getting more revenue
from the assets is one way
to increase profitability
Careful asset growth
preserves capital
BEWARE: Too-tight asset
growth policy prevents
sales growth
40. 4015 June 2016
Source: A. Stotz Investment Research
Profit margin shows how good the company is at cost control
Profit divided by sales
A strong profit margin
shows that products that
customers want is
delivered profitably
This is one measure of
the strength of the
management team
BEWARE: Too-tight cost
control can constrict
growth
41. 4115 June 2016
Source: A. Stotz Investment Research
Let’s review the two measures that drive EPS growth
42. 4215 June 2016
Source: A. Stotz Investment Research
Sales growth proves that customers want the product
Annual change in sales
This is the part of EPS
growth that is externally
driven
Essential to grow
the business, no sales
growth means no
customer demand
BEWARE: Growth
without profit ends
painfully
43. 4315 June 2016
Source: A. Stotz Investment Research
Improving the profit margin is one of the fastest routes to
strong EPS growth
Annual change in net
profit margin
Margin improvement
comes from management
team’s focused effort
It means the company is
getting more profit from
every sale
BEWARE: Too high prices,
or low costs could hurt
sales growth
44. 4415 June 2016
'11 '12 '13 '14 PTM
5 4 5 4 2
'11 '12 '13 '14 PTM '11 '12 '13 '14 PTM
4 4 4 4 2 6 5 8 4 2
'11 '12 '13 '14 PTM '11 '12 '13 '14 PTM '11 '12 '13 '14 PTM '11 '12 '13 '14 PTM
2 2 3 5 4 6 6 5 4 4 9 7 10 10 4 4 4 4 2 2
Benchmarked against 1,130 Info Tech companies worldwide.
Profitable Growth
Asset utilization Profit margin Sales growth Margin change
Profitability Growth
Source: A. Stotz Investment Research
Notes: 1 = top ranking and 10 = worst. *Past 12 months of published data.
Level two and three explain what is driving Profitable Growth
45. 4515 June 2016
Results at the top of the triangle are explained by results below
The company is ranked against peers on six different measures,
four of them on the bottom of the triangle
1. Asset utilization is the revenue generated from assets in place
2. Profit margin shows how good the company is at cost control
3. Sales growth proves that customers want the product
4. A rising profit margin is an internal driver of EPS growth
Level two and three explain what is driving Profitable Growth
Source: A. Stotz Investment Research
What you have learned about how to read the Triangle
46. 4615 June 2016
Global universe of about 27,000 companies in 10 sectors
Rank the company on Profitable Growth from 1 (best) to
10 (worst), against all sector peers of similar size
Share price performance of superior Profitable Growth
companies beat their peers
Companies with large improvements in Profitable
Growth rank yield outstanding share price returns
The bottom of the triangle shows the strengths and
weaknesses of the company and builds up to the
Profitable Growth ranking
Source: A. Stotz Investment Research
What you have learned about World Class Benchmarking
47. 15 June 2016 47
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