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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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|
| Credit Institutions |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| WFS FINANCIAL |
NA |
NA |
41 |
44 |
-889 |
32 |
| COUNTRYWIDE FINANCIAL |
NA |
NA |
52 |
60 |
-1965 |
57 |
| SLM |
NA |
NA |
48 |
64 |
-3539 |
0 |
| CAPITAL ONE FINL |
NA |
NA |
71 |
79 |
521 |
21 |
| FANNIE MAE |
NA |
NA |
81 |
85 |
-572 |
7 |
| Industry Median |
NA |
NA |
62 |
71 |
-730 |
14 |
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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