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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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| Automotive Parts |
| COMPANY |
2003 COGS |
2003 SG&A |
2003 CMI1 |
'01-'03 CMI Avg. |
'00-'03 CMI Change2 |
'00-'03 Revenue Growth3 |
| ITT INDUSTRIES |
87 |
0 |
87 |
86 |
5 |
5 |
| BORGWARNER |
77 |
10 |
87 |
87 |
222 |
5 |
| AMERICAN AXLE |
81 |
5 |
86 |
87 |
-228 |
6 |
| EATON |
68 |
19 |
87 |
87 |
133 |
-1 |
| TRW AUTOMOTIVE HOLDINGS |
85 |
5 |
90 |
89 |
-44 |
1 |
| Industry Median |
82 |
8 |
91 |
91 |
158 |
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."
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