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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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| Aerospace and Defense |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| ROCKWELL COLLINS |
61 |
22 |
83 |
83 |
221 |
0 |
| GOODRICH |
72 |
16 |
88 |
84 |
591 |
0 |
| UNITED TECHNOLOGIES |
70 |
15 |
85 |
85 |
-132 |
5 |
| ALLIANT TECHSYSTEMS |
76 |
9 |
86 |
85 |
72 |
27 |
| HONEYWELL INTERNATIONAL |
75 |
13 |
88 |
86 |
612 |
-3 |
| Industry Median |
79 |
9 |
88 |
88 |
247 |
5 |
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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