 |
| Leading cost containers in 53 industries, 2000-2003. |
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|
CFO Staff,
CFO Magazine
|
|
| Computer Systems and Peripherals |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003 CMI Change2 |
2000-2003 Revenue Growth3 |
| CISCO SYSTEMS |
24 |
42 |
65 |
76 |
-562 |
0 |
| NETWORK APPLIANCE |
35 |
46 |
81 |
85 |
-141 |
5 |
| LEXMARK INTERNATIONAL |
64 |
20 |
84 |
86 |
-121 |
8 |
| SYMBOL TECHNOLOGIES |
52 |
37 |
88 |
89 |
606 |
2 |
| IMATION |
68 |
19 |
88 |
89 |
-439 |
-2 |
| Industry Median |
68% |
22% |
91% |
92% |
-48 |
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." |