 |
| Leading cost containers in 53 industries, 2000-2003. |
|
|
CFO Staff,
CFO Magazine
|
|
| Commercial Banks |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| GOLDEN WEST FINANCIAL |
NA |
NA |
29 |
28 |
-381 |
-1 |
| NORTH FORK BANCORPORATION |
NA |
NA |
35 |
34 |
-9 |
3 |
| GREENPOINT FINANCIAL |
NA |
NA |
39 |
38 |
-1655 |
5 |
| ASTORIA FINL |
NA |
NA |
41 |
38 |
254 |
-9 |
| WESTCORP |
NA |
NA |
34 |
38 |
-1583 |
21 |
| Industry Median |
NA |
NA |
57% |
57% |
-28 |
0% |
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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