 |
| Leading cost containers in 53 industries, 2000-2003. |
|
|
CFO Staff,
CFO Magazine
|
|
| Distributors |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| GRAINGER |
63 |
27 |
90 |
90 |
-133 |
-2 |
| SCP POOL |
72 |
20 |
92 |
92 |
-61 |
20 |
| HANDLEMAN |
79 |
14 |
94 |
93 |
106 |
1 |
| SYSCO |
79 |
15 |
94 |
94 |
-73 |
11 |
| WATSCO |
75 |
20 |
95 |
95 |
-40 |
-2 |
| Industry Median |
80 |
15 |
96 |
96 |
68 |
-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."
|
Video
