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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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| Chemicals |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| PRAXAIR |
59 |
15 |
74 |
74 |
-19 |
4 |
| 3M |
46 |
28 |
74 |
75 |
-188 |
3 |
| AIR PRODUCTS & CHEMICALS |
63 |
15 |
78 |
76 |
450 |
5 |
| MONSANTO |
44 |
33 |
77 |
77 |
157 |
-4 |
| INTERNATIONAL FLAVORS & FRAGRANCES |
54 |
25 |
78 |
78 |
20 |
9 |
| Industry Median |
71 |
16 |
89 |
88 |
359 |
1 |
All values are % of operating revenue except for 2000-2003 CMI change, which is expressed in basis points.
1CMI = (COGS + SG&A) / operating revenue.
For banking, CMI = (noninterest expense) / (net interest expense income + noninterest income).
2 Nominal change in CMI 2000-2003, expressed in basis points.
3 Compound annual growth in revenue.
Analysis performed by Archstone Consulting, based on data from Compustat and other sources.
Return to the article "Controlling the Flow."
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