Deliverable 7 - Analyzing and summarizing a Company’s Operations
christian Minoue
MODULE7DeliverableTemplate_v2.xlsxIBM 2016-2018 Financials
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| International Business Machines Corp (NYS: IBM) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Income Statement | |||||
| Report Date | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
| Currency | USD | USD | USD | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Thousands | Thousands | Thousands | ||
| Services revenue | 51,350,000 | 50,709,000 | 51,268,000 | ||
| Sales revenue | 26,641,000 | 26,715,000 | 26,942,000 | ||
| Financing revenue | 1,599,000 | 1,715,000 | 1,710,000 | ||
| Total revenue | 79,591,000 | 79,139,000 | 79,919,000 | ||
| Cost of services | 34,059,000 | 34,447,000 | 34,021,000 | ||
| Cost of sales | 7,464,000 | 7,256,000 | 6,559,000 | ||
| Cost of financing | 1,132,000 | 1,210,000 | 1,044,000 | ||
| Total cost | 42,655,000 | 42,913,000 | 41,625,000 | ||
| Gross profit | 36,936,000 | 36,227,000 | 38,294,000 | ||
| Selling, general & administrative expense - other | 16,438,000 | 16,568,000 | 16,971,000 | ||
| Advertising & promotional expense | 1,466,000 | 1,445,000 | 1,327,000 | ||
| Workforce rebalancing charges | 598,000 | 199,000 | 1,038,000 | ||
| Retirement-related costs | - | 959,000 | 742,000 | ||
| Amortization of acquired intangible assets | 435,000 | 496,000 | 503,000 | ||
| Stock-based compensation | 361,000 | 384,000 | 401,000 | ||
| Bad debt expense | 67,000 | 55,000 | 87,000 | ||
| Selling, general & administrative expense | 19,366,000 | 20,107,000 | 21,069,000 | ||
| Research, development & engineering expense | 5,379,000 | 5,787,000 | 5,751,000 | ||
| Intellectual property & custom development income | 1,026,000 | 1,466,000 | 1,631,000 | ||
| Foreign currency transaction gains (losses) | 427,000 | (405,000) | 116,000 | ||
| Gains (losses) on derivative instruments | (434,000) | 341,000 | (260,000) | ||
| Interest income | 264,000 | 144,000 | 108,000 | ||
| Net gains (losses) from securities & investment assets | 101,000 | 20,000 | (23,000) | ||
| Retirement-related income (costs) | (1,572,000) | - | - | ||
| Other income | 63,000 | 116,000 | (85,000) | ||
| Other income & expense | 1,152 | (216,000) | 145,000 | ||
| Interest expense | 723,000 | 615,000 | 630,000 | ||
| Total expense & other income | (25,594,000) | 24,827,000 | 25,964,000 | ||
| Income from continuing operations before income taxes - U.S. operations | 627,000 | 560,000 | 3,650,000 | ||
| Income from continuing operations before income taxes - non-U.S. operations | 10,715,000 | 10,840,000 | 8,680,000 | ||
| Income from continuing operations before income taxes | 11,342,000 | 11,400,000 | 12,330,000 | ||
| Provision for (benefit from) U.S. federal income taxes - current | (342,000) | 2,388,000 | 186,000 | ||
| Provision for (benefit from) U.S. federal income taxes - deferred | 1,377,000 | 77,000 | (746,000) | ||
| Total provision for (benefit from) U.S. federal income taxes | 1,035,000 | 2,465,000 | (560,000) | ||
| Provision for (benefit from) U.S. state & local income taxes - current | 127,000 | 55,000 | 244,000 | ||
| Provision for (benefit from) U.S. state & local income taxes - deferred | (292,000) | 28,000 | (44,000) | ||
| Total provision for (benefit from) U.S. state & local income taxes | (165,000) | 83,000 | 200,000 | ||
| Provision for (benefit from) nopn-U.S. income taxes - current | 2,135,000 | 3,891,000 | 988,000 | ||
| Provision for (benefit from) nopn-U.S. income taxes - deferred | (386,000) | (797,000) | (179,000) | ||
| Total provision for (benefit from) nopn-U.S. income taxes | 1,749,000 | 3,094,000 | 809,000 | ||
| Provision for (benefit from) income taxes | 2,619,000 | 5,642,000 | 449,000 | ||
| Income (loss) from continuing operations | 8,723,000 | 5,758,000 | 11,881,000 | ||
| Income (loss) from discontinued operations, net of tax | 5,000 | (5,000) | (9,000) | ||
| Net income (loss) | 8,728,000 | 5,753,000 | 11,872,000 | ||
| Weighted average shares outstanding - basic | 912,048 | 932,828 | 955,423 | ||
| Weighted average shares outstanding - diluted | 916,316 | 937,386 | 958,714 | ||
| Year end shares outstanding | 892,479 | 922,179 | 945,867 | ||
| Earnings (loss) per share from continuing operations - basic | 10 | 6 | 12 | ||
| Earnings (loss) per share from discontinued operations - basic | 0 | - 0 | (0) | ||
| Net earnings (loss) per share - basic | 10 | 6 | 12 | ||
| Earnings (loss) per share from continuing operations - diluted | 10 | 6 | 12 | ||
| Earnings (loss) per share from discontinued operations - diluted | 0 | - 0 | (0) | ||
| Net earnings (loss) per share - diluted | 10 | 6 | 12 | ||
| Dividends per share of common stock | 6 | - | - | ||
| Total number of employees | 350,600 | 366,600 | 380,300 | ||
| Number of common stockholders | 395,480 | 408,697 | 425,272 | ||
| Foreign currency translation adjustments | (730,000) | 152,000 | (20,000) |
Competitor Financials 2016-2018
| IBM | 2018 | 2017 | 2016 |
| Operating Income | 19,177,000 | 19,459,000 | 20,383,000 |
| Net Sales | 26,641,000 | 26,715,000 | 26,942,000 |
| COGS | 7,464,000 | 7,256,000 | 6,559,000 |
| Net Income | 8,728,000 | 5,753,000 | 11,872,000 |
| R & D Costs | 5,379,000 | 5,787,000 | 5,751,000 |
| Total Revenue | 79,591,000 | 79,139,000 | 79,919,000 |
| SG&A | 16,438,000 | 16,568,000 | 16,971,000 |
| PPE, Net | 10,792,000 | 11,116,000 | 10,830,000 |
| Inventory | 1,682,000 | 1,583,000 | 1,553,000 |
| Total Assets | 123,382,000 | 125,356,000 | 117,470,000 |
| Microsoft | 2018 | 2017 | 2016 |
| Operating Income | 35,058,000 | 22,326,000 | 20,182,000 |
| Net Sales | 64,497,000 | 57,190,000 | 61,502,000 |
| COGS | 15,420,000 | 15,175,000 | 17,880,000 |
| Net Income | 16,571,000 | 21,204,000 | 16,798,000 |
| R & D Costs | 14,726,000 | 13,037,000 | 11,988,000 |
| Total Revenue | 110,360,000 | 89,950,000 | 85,320,000 |
| SG&A | 22,223,000 | 20,020,000 | 19,260,000 |
| PPE, Net | 29,460,000 | 23,734,000 | 18,356,000 |
| Inventory | 2,662,000 | 2,181,000 | 2,251,000 |
| Total Assets | 258,848,000 | 241,086,000 | 193,694,000 |
| Dell | 2018 | 2017 | 2016 |
| Operating Income | -191000 | -3,333,000 | -3,252,000 |
| Net Sales | 58,801,000 | 48,706,000 | 42,742,000 |
| COGS | 50,215,000 | 42,169,000 | 37,563,000 |
| Net Income (loss) | (3,855,000) | (1,718,000) | -1,104,000 |
| R & D Costs | 4,384,000 | 2,636,000 | 1,051,000 |
| Total Revenue | 78,660,000 | 61,642,000 | 50,911,000 |
| SG&A | 19,003,000 | 13,575,000 | 7,850,000 |
| PPE, Net | 5,390,000 | 5,653,000 | 1,649,000 |
| Inventory | 2,678,000 | 2,538,000 | 1,619,000 |
| Total Assets | 122,281,000 | 118,206,000 | 45,122,000 |
| Intel | 2018 | 2017 | 2016 |
| Operating Income | 23,316,000 | 17,936,000 | 12,874,000 |
| Gross Margin | 43,737,000 | 39,069,000 | 36,191,000 |
| COGS | 27,111,000 | 23,692,000 | 23,196,000 |
| Net Income | 21,053,000 | 9,601,000 | 10,316,000 |
| R & D Costs | 13,543,000 | 13,098,000 | 12,740,000 |
| Total Revenue | 70,848,000 | 62,761,000 | 59,387,000 |
| SG&A | 6,750,000 | 7,474,000 | 8,397,000 |
| PPE, Net | 48,976,000 | 41,109,000 | 36,171,000 |
| Inventory | 7,253,000 | 6,983,000 | 5,553,000 |
| Total Assets | 127,963,000 | 123,249,000 | 113,327,000 |
| General Dynamic | 2018 | 2017 | 2016 |
| Operating Income | 4,457,000 | 4,177,000 | 4,309,000 |
| Net Sales | 20,149,000 | 19,016,000 | 19,885,000 |
| COGS | 15,894,000 | 14,799,000 | 15,443,000 |
| Net Income | 3,345,000 | 2,912,000 | 2,955,000 |
| R & D Costs | - | - | - |
| Total Revenue | 36,193,000 | 30,973,000 | 31,353,000 |
| SG&A | 2,258,000 | 2,010,000 | 1,940,000 |
| PPE, Net | 4,348,000 | 3,517,000 | 3,467,000 |
| Inventory | 5,977,000 | 5,303,000 | 3,523,000 |
| Total Assets | 45,408,000 | 35,046,000 | 32,872,000 |
Horizontal Analysis
| International Business Machine Corp (IBM) | International Business Machine Corp (IBM) 2017-2018 | International Business Machine Corp (IBM) 2016-2017 | ||||||
| Dollar Change 2017-2018 | Percent Change 2017-2018 | Dollar Change 2016-2017 | Percent Change 2016-2017 | |||||
| Year | 2018 | 2017 | Formula: 2018-2017 | Formula: 2018-2017/2017 | 2017 | 2016 | Formula: 2017-2016 | Formula: 2017-2016/2016 |
| Services revenue | $ 51,350,000.00 | $ 50,709,000.00 | $ 50,709,000.00 | $ 51,268,000.00 | ||||
| Sales revenue | $ 26,641,000.00 | $ 26,715,000.00 | $ 26,715,000.00 | $ 26,942,000.00 | ||||
| Financing revenue | $ 1,599,000.00 | $ 1,715,000.00 | $ 1,715,000.00 | $ 1,710,000.00 | ||||
| Total revenue | $ 79,591,000.00 | $ 79,139,000.00 | $ 79,139,000.00 | $ 79,919,000.00 | ||||
| Cost of services | $ 34,059,000.00 | $ 34,447,000.00 | $ 34,447,000.00 | $ 34,021,000.00 | ||||
| Cost of sales | $ 7,464,000.00 | $ 7,256,000.00 | $ 7,256,000.00 | $ 6,559,000.00 | ||||
| Cost of financing | $ 1,132,000.00 | $ 1,210,000.00 | $ 1,210,000.00 | $ 1,044,000.00 | ||||
| Total cost | $ 42,655,000.00 | $ 42,913,000.00 | $ 42,913,000.00 | $ 41,625,000.00 | ||||
| Gross profit | $ 36,936,000.00 | $ 36,227,000.00 | $ 36,227,000.00 | $ 38,294,000.00 | ||||
| Selling, general & administrative expense - other | $ 16,438,000.00 | $ 16,568,000.00 | $ 16,568,000.00 | $ 16,971,000.00 | ||||
| Advertising & promotional expense | $ 1,466,000.00 | $ 1,445,000.00 | $ 1,445,000.00 | $ 1,327,000.00 | ||||
| Workforce rebalancing charges | $ 598,000.00 | $ 199,000.00 | $ 199,000.00 | $ 1,038,000.00 | ||||
| Retirement-related costs | - | $ 959,000.00 | $ 959,000.00 | $ 742,000.00 | ||||
| Amortization of acquired intangible assets | $ 435,000.00 | $ 496,000.00 | $ 496,000.00 | $ 503,000.00 | ||||
| Stock-based compensation | $ 361,000.00 | $ 384,000.00 | $ 384,000.00 | $ 401,000.00 | ||||
| Bad debt expense | $ 67,000.00 | $ 55,000.00 | $ 55,000.00 | $ 87,000.00 | ||||
| Selling, general & administrative expense | $ 19,366,000.00 | $ 20,107,000.00 | $ 20,107,000.00 | $ 21,069,000.00 | ||||
| Research, development & engineering expense | $ 5,379,000.00 | $ 5,787,000.00 | $ 5,787,000.00 | $ 5,751,000.00 | ||||
| Intellectual property & custom development income | $ 1,026,000.00 | $ 1,466,000.00 | $ 1,466,000.00 | $ 1,631,000.00 | ||||
| Foreign currency transaction gains (losses) | $ 427,000.00 | $ (405,000.00) | $ (405,000.00) | $ 116,000.00 | ||||
| Gains (losses) on derivative instruments | $ (434,000.00) | $ 341,000.00 | $ 341,000.00 | $ (260,000.00) | ||||
| Interest income | $ 264,000.00 | $ 144,000.00 | $ 144,000.00 | $ 108,000.00 | ||||
| Net gains (losses) from securities & investment assets | $ 101,000.00 | $ 20,000.00 | $ 20,000.00 | $ (23,000.00) | ||||
| Retirement-related income (costs) | $ (1,572,000.00) | - | - | - | ||||
| Other income | $ 63,000.00 | $ 116,000.00 | $ 116,000.00 | $ (85,000.00) | ||||
| Other income & expense | $ 1,152.00 | $ (216,000.00) | $ (216,000.00) | $ 145,000.00 | ||||
| Interest expense | $ 723,000.00 | $ 615,000.00 | $ 615,000.00 | $ 630,000.00 | ||||
| Total expense & other income | $ (25,594,000.00) | $ 24,827,000.00 | $ 24,827,000.00 | $ 25,964,000.00 | ||||
| Income from continuing operations before income taxes - U.S. operations | $ 627,000.00 | $ 560,000.00 | $ 560,000.00 | $ 3,650,000.00 | ||||
| Income from continuing operations before income taxes - non-U.S. operations | $ 10,715,000.00 | $ 10,840,000.00 | $ 10,840,000.00 | $ 8,680,000.00 | ||||
| Income from continuing operations before income taxes | $ 11,342,000.00 | $ 11,400,000.00 | $ 11,400,000.00 | $ 12,330,000.00 | ||||
| Provision for (benefit from) U.S. federal income taxes - current | $ (342,000.00) | $ 2,388,000.00 | $ 2,388,000.00 | $ 186,000.00 | ||||
| Provision for (benefit from) U.S. federal income taxes - deferred | $ 1,377,000.00 | $ 77,000.00 | $ 77,000.00 | $ (746,000.00) | ||||
| Total provision for (benefit from) U.S. federal income taxes | $ 1,035,000.00 | $ 2,465,000.00 | $ 2,465,000.00 | $ (560,000.00) | ||||
| Provision for (benefit from) U.S. state & local income taxes - current | $ 127,000.00 | $ 55,000.00 | $ 55,000.00 | $ 244,000.00 | ||||
| Provision for (benefit from) U.S. state & local income taxes - deferred | $ (292,000.00) | $ 28,000.00 | $ 28,000.00 | $ (44,000.00) | ||||
| Total provision for (benefit from) U.S. state & local income taxes | $ (165,000.00) | $ 83,000.00 | $ 83,000.00 | $ 200,000.00 | ||||
| Provision for (benefit from) nopn-U.S. income taxes - current | $ 2,135,000.00 | $ 3,891,000.00 | $ 3,891,000.00 | $ 988,000.00 | ||||
| Provision for (benefit from) nopn-U.S. income taxes - deferred | $ (386,000.00) | $ (797,000.00) | $ (797,000.00) | $ (179,000.00) | ||||
| Total provision for (benefit from) nopn-U.S. income taxes | $ 1,749,000.00 | $ 3,094,000.00 | $ 3,094,000.00 | $ 809,000.00 | ||||
| Provision for (benefit from) income taxes | $ 2,619,000.00 | $ 5,642,000.00 | $ 5,642,000.00 | $ 449,000.00 | ||||
| Income (loss) from continuing operations | $ 8,723,000.00 | $ 5,758,000.00 | $ 5,758,000.00 | $ 11,881,000.00 | ||||
| Income (loss) from discontinued operations, net of tax | $ 5,000.00 | $ (5,000.00) | $ (5,000.00) | $ (9,000.00) | ||||
| Net income (loss) | $ 8,728,000.00 | $ 5,753,000.00 | $ 5,753,000.00 | $ 11,872,000.00 | ||||
| Weighted average shares outstanding - basic | $ 912,048.07 | $ 932,828.30 | $ 932,828.30 | $ 955,422.53 | ||||
| Weighted average shares outstanding - diluted | $ 916,315.71 | $ 937,385.63 | $ 937,385.63 | $ 958,714.10 | ||||
| Year end shares outstanding | $ 892,479.41 | $ 922,179.23 | $ 922,179.23 | $ 945,867.40 | ||||
| Earnings (loss) per share from continuing operations - basic | $ 9.56 | $ 6.17 | $ 6.17 | $ 12.44 | ||||
| Earnings (loss) per share from discontinued operations - basic | $ 0.01 | $ - 0 | $ - 0 | $ (0.01) | ||||
| Net earnings (loss) per share - basic | $ 9.57 | $ 6.17 | $ 6.17 | $ 12.43 | ||||
| Earnings (loss) per share from continuing operations - diluted | $ 9.51 | $ 6.14 | $ 6.14 | $ 12.39 | ||||
| Earnings (loss) per share from discontinued operations - diluted | $ 0.01 | $ - 0 | $ - 0 | $ (0.01) | ||||
| Net earnings (loss) per share - diluted | $ 9.52 | $ 6.14 | $ 6.14 | $ 12.38 | ||||
| Dividends per share of common stock | $ 6.21 | - | - | - | ||||
| Total number of employees | $ 350,600.00 | $ 366,600.00 | $ 366,600.00 | $ 380,300.00 | ||||
| Number of common stockholders | $ 395,480.00 | $ 408,697.00 | $ 408,697.00 | $ 425,272.00 | ||||
| Foreign currency translation adjustments | $ (730,000.00) | $ 152,000.00 | $ 152,000.00 | $ (20,000.00) |
Vertical Analysis
| Income Statement Vertical Analysis | ||||||
| International Business Machine Corp (IBM) | Formula =number / total revenue | |||||
| Year | 2018 | 2018 | 2017 | 2017 | 2016 | 2016 |
| Services revenue | 51,350,000 | 50,709,000 | 51,268,000 | |||
| Sales revenue | 26,641,000 | 26,715,000 | 26,942,000 | |||
| Financing revenue | 1,599,000 | 1,715,000 | 1,710,000 | |||
| Total revenue | 79,591,000 | 100.00% | 79,139,000 | 100.00% | 79,919,000 | 100.00% |
| Cost of services | 34,059,000 | 34,447,000 | 34,021,000 | |||
| Cost of sales | 7,464,000 | 7,256,000 | 6,559,000 | |||
| Cost of financing | 1,132,000 | 1,210,000 | 1,044,000 | |||
| Total cost | 42,655,000 | 42,913,000 | 41,625,000 | |||
| Gross profit | 36,936,000 | 36,227,000 | 38,294,000 | |||
| Selling, general & administrative expense - other | 16,438,000 | 16,568,000 | 16,971,000 | |||
| Advertising & promotional expense | 1,466,000 | 1,445,000 | 1,327,000 | |||
| Workforce rebalancing charges | 598,000 | 199,000 | 1,038,000 | |||
| Retirement-related costs | - | 959,000 | 742,000 | |||
| Amortization of acquired intangible assets | 435,000 | 496,000 | 503,000 | |||
| Stock-based compensation | 361,000 | 384,000 | 401,000 | |||
| Bad debt expense | 67,000 | 55,000 | 87,000 | |||
| Selling, general & administrative expense | 19,366,000 | 20,107,000 | 21,069,000 | |||
| Research, development & engineering expense | 5,379,000 | 5,787,000 | 5,751,000 | |||
| Intellectual property & custom development income | 1,026,000 | 1,466,000 | 1,631,000 | |||
| Foreign currency transaction gains (losses) | 427,000 | (405,000) | 116,000 | |||
| Gains (losses) on derivative instruments | (434,000) | 341,000 | (260,000) | |||
| Interest income | 264,000 | 144,000 | 108,000 | |||
| Net gains (losses) from securities & investment assets | 101,000 | 20,000 | (23,000) | |||
| Retirement-related income (costs) | (1,572,000) | - | - | |||
| Other income | 63,000 | 116,000 | (85,000) | |||
| Other income & expense | 1,152 | (216,000) | 145,000 | |||
| Interest expense | 723,000 | 615,000 | 630,000 | |||
| Total expense & other income | (25,594,000) | 24,827,000 | 25,964,000 | |||
| Income from continuing operations before income taxes - U.S. operations | 627,000 | 560,000 | 3,650,000 | |||
| Income from continuing operations before income taxes - non-U.S. operations | 10,715,000 | 10,840,000 | 8,680,000 | |||
| Income from continuing operations before income taxes | 11,342,000 | 11,400,000 | 12,330,000 | |||
| Provision for (benefit from) U.S. federal income taxes - current | (342,000) | 2,388,000 | 186,000 | |||
| Provision for (benefit from) U.S. federal income taxes - deferred | 1,377,000 | 77,000 | (746,000) | |||
| Total provision for (benefit from) U.S. federal income taxes | 1,035,000 | 2,465,000 | (560,000) | |||
| Provision for (benefit from) U.S. state & local income taxes - current | 127,000 | 55,000 | 244,000 | |||
| Provision for (benefit from) U.S. state & local income taxes - deferred | (292,000) | 28,000 | (44,000) | |||
| Total provision for (benefit from) U.S. state & local income taxes | (165,000) | 83,000 | 200,000 | |||
| Provision for (benefit from) nopn-U.S. income taxes - current | 2,135,000 | 3,891,000 | 988,000 | |||
| Provision for (benefit from) nopn-U.S. income taxes - deferred | (386,000) | (797,000) | (179,000) | |||
| Total provision for (benefit from) nopn-U.S. income taxes | 1,749,000 | 3,094,000 | 809,000 | |||
| Provision for (benefit from) income taxes | 2,619,000 | 5,642,000 | 449,000 | |||
| Income (loss) from continuing operations | 8,723,000 | 5,758,000 | 11,881,000 | |||
| Income (loss) from discontinued operations, net of tax | 5,000 | (5,000) | (9,000) | |||
| Net income (loss) | 8,728,000 | 5,753,000 | 11,872,000 | |||
| Weighted average shares outstanding - basic | 912,048 | 932,828 | 955,423 | |||
| Weighted average shares outstanding - diluted | 916,316 | 937,386 | 958,714 | |||
| Year end shares outstanding | 892,479 | 922,179 | 945,867 | |||
| Earnings (loss) per share from continuing operations - basic | 10 | 6 | 12 | |||
| Earnings (loss) per share from discontinued operations - basic | 0 | - 0 | (0) | |||
| Net earnings (loss) per share - basic | 10 | 6 | 12 | |||
| Earnings (loss) per share from continuing operations - diluted | 10 | 6 | 12 | |||
| Earnings (loss) per share from discontinued operations - diluted | 0 | - 0 | (0) | |||
| Net earnings (loss) per share - diluted | 10 | 6 | 12 | |||
| Dividends per share of common stock | 6 | - | - | |||
| Total number of employees | 350,600 | 366,600 | 380,300 | |||
| Number of common stockholders | 395,480 | 408,697 | 425,272 | |||
| Foreign currency translation adjustments | (730,000) | 152,000 | (20,000) |
Expense Behavior
| Expenses | Fixed or Variable | Product or Period |
| Selling, general & administrative expense - other | ||
| Advertising & promotional expense | ||
| Workforce rebalancing charges | ||
| Retirement-related costs | ||
| Amortization of acquired intangible assets | ||
| Bad debt expense | ||
| Selling, general & administrative expense | ||
| Research, development & engineering expense | ||
| Interest expense | ||
Ratio Calculations_Analysis
| International Business Machines Corp (NYS: IBM) | 12/31/2018 | 12/31/2017 | 12/31/2016 |
| Current Ratio | 1.29 | 1.33 | 1.21 |
| Gross Margin | |||
| Inventory Percent of Total Assets | |||
| Inventory Turnover | 26.13 | 27.37 | 26.82 |
| Total Debt to Equity | 2.73 | 2.66 | 2.31 |
| Net Current Assets % Total Assets | 8.85 | 9.87 | 6.48 |
| Net Property, Plant and Equipment Percent of Total Assets | |||
| Net Profit Margin | |||
| Operating Margin | 49.5 | 49.5 | |
| Research and Development percentage of Total Revenue | |||
| ROA % (Net) | 7.02 | 4.74 | 10.39 |
| ROE % (Net) | 50.76 | 32.1 | 72.84 |
| ROI % (Operating) | 19.2 | 16.56 | 19.98 |
| Selling and General Administrative Percentage of Total Revenue | |||
| Total Asset Turnover | 0.64 | 0.65 | 0.7 |
| Competitor #1:Microsoft Corporation | 2018 | 2017 | 2016 |
| Current Ratio | 2.53 | 2.9 | 2.48 |
| Gross Margin | |||
| Inventory Percent of Total Assets | |||
| Inventory Turnover | 18.16 | 15.84 | 15.46 |
| Total Debt to Equity | 0.71 | 0.92 | 1.19 |
| Net Current Assets % Total Assets | 37.04 | 42.95 | 39.54 |
| Net Property, Plant and Equipment Percent of Total Assets | |||
| Net Profit Margin | |||
| Operating Margin | |||
| Research and Development percentage of Total Revenue | |||
| ROA % (Net) | 14.39 | 6.63 | 9.75 |
| ROE % (Net) | 42.41 | 21.37 | 29.37 |
| ROI % (Operating) | 25.77 | 22.08 | 15.71 |
| Selling and General Administrative Percentage of Total Revenue | |||
| Total Asset Turnover | 0.46 | 0.44 | 0.41 |
| Competitor #2: Dell Technologies | 2018 | 2017 | 2016 |
| Current Ratio | 0.8 | 0.85 | 0.81 |
| Gross Margin | |||
| Inventory Percent of Total Assets | |||
| Inventory Turnover | 20.73 | 22.47 | 23.42 |
| Total Debt to Equity | 0 | 5.34 | 3.67 |
| Net Current Assets % Total Assets | -7.9 | -5.67 | -6.23 |
| Net Property, Plant and Equipment Percent of Total Assets | |||
| Net Profit Margin | |||
| Operating Margin | |||
| Research and Development percentage of Total Revenue | |||
| ROA % (Net) | -1.98 | -3.11 | -2.01 |
| ROE % (Net) | -90.11 | -32.25 | -21.87 |
| ROI % (Operating) | -0.35 | -5.37 | -8.2 |
| Selling and General Administrative Percentage of Total Revenue | |||
| Total Asset Turnover | 0.78 | 0.66 | 0.74 |
| Competitor #3: Intel Corporation | 2018 | 2017 | 2016 |
| Current Ratio | 1.4 | 1.73 | 1.69 |
| Gross Margin | |||
| Inventory Percent of Total Assets | |||
| Inventory Turnover | 3.73 | 3.81 | 3.78 |
| Total Debt to Equity | 0.37 | 0.35 | 0.38 |
| Net Current Assets % Total Assets | 6.54 | 9.5 | 9.8 |
| Net Property, Plant and Equipment Percent of Total Assets | |||
| Net Profit Margin | |||
| Operating Margin | |||
| Research and Development percentage of Total Revenue | |||
| ROA % (Net) | 15.96 | 16.81 | 8.14 |
| ROE % (Net) | 27.65 | 29.15 | 14.06 |
| ROI % (Operating) | 21.25 | 23.61 | 19.02 |
| Selling and General Administrative Percentage of Total Revenue | |||
| Total Asset Turnover | 0.55 | 0.57 | 0.53 |
| Competitor #4: General Dynamic | |||
| Current Ratio | 1.18 | 1.23 | 1.4 |
| Gross Margin | |||
| Inventory Percent of Total Assets | |||
| Inventory Turnover | 5.26 | 5.23 | 5.62 |
| Total Debt to Equity | 0.88 | 1.06 | 0.35 |
| Net Current Assets % Total Assets | 6.1 | 7.6 | 14.92 |
| Net Property, Plant and Equipment Percent of Total Assets | |||
| Net Profit Margin | |||
| Operating Margin | |||
| Research and Development percentage of Total Revenue | |||
| ROA % (Net) | 7.39 | 8.32 | 8.58 |
| ROE % (Net) | 27.53 | 28.88 | 25.99 |
| ROI % (Operating) | 18.72 | 22.53 | 27.59 |
| Selling and General Administrative Percentage of Total Revenue | |||
| Total Asset Turnover | 0.84 | 0.9 | 0.91 |
