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| Leading cost containers in 40 industries, 1998-2002. |
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Lori Calabro,
CFO Magazine
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For a fuller discussion of cost management, return to the article "Everything in Moderation."
Leading Cost Containers in 40 Industries
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| Utilities |
| COMPANY |
2002 COGS |
2002 SG&A |
2002 CMI1 |
1998-2002 CMI Avg.2 |
1998-2002 CMI Change3 |
1998-2002 Revenue Growth4 |
| Sempra Energy |
40 |
0 |
40 |
38 |
515 |
2 |
| Great Plains Energy |
47 |
5 |
52 |
40 |
560 |
19 |
| Louisville Gas & Electric |
45 |
0 |
45 |
42 |
605 |
5 |
| Dominion Resources |
33 |
21 |
54 |
45 |
1,576 |
14 |
| Dayton Power And Light |
40 |
0 |
40 |
45 |
(970) |
-2 |
| Industry Median |
50 |
6 |
62 |
64 |
168 |
6 |
All values are a percentage of operating revenue except for 1998-2002 CMI Change, which is expressed in basis points.
1 CMI = (COGS+SG&A) / revenue. For the Financial Services sector and the Insurance sector, CMI = total operating expenses / revenue. (Total operating expenses = SG&A + COGS without interest expense adjustments.) For the Banking sector, CMI = (noninterest expense) / (net interest expense income + noninterest income.)
2 Average CMI for 1998-2002.
3 Nominal change in CMI for 1998-2002.
4 Compound annual growth in revenue.
Analysis performed by Gunn Partners, an Exult company.
Data source: Thomson Financial
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