Question: The following information is a historical performance of a company. Discuss changes during four (4) years listed in the chart. Examine the productivity and profitability of the company.
|
In %
|
2005
|
2006
|
2007
|
2008
|
|
ROIC
|
23.8
|
45.7
|
48.6
|
24.9
|
|
Pre-Tax ROIC
|
40
|
71.7
|
76.2
|
38.6
|
|
AVG Tax Rate
|
40.5
|
36.3
|
36.3
|
35.6
|
|
Op. Margin
|
10
|
9.8
|
10.4
|
6.5
|
|
Capital Return
|
4.02
|
7.35
|
7.33
|
5.96
|
|
Gross Margin
|
26.5
|
24.6
|
25.5
|
23.8
|
|
SGA
|
15.5
|
14
|
14
|
16.1
|
|
Depreciation
|
1.00
|
0.9
|
1.1
|
1.2
|
|
Op WC/Sales
|
(0.16)
|
(0.14)
|
(0.12)
|
(0.12)
|
|
Fixed Assets/Sales
|
0.04
|
0.03
|
0.03
|
0.03
|
|
Other Assets/Sales
|
0.37
|
0.25
|
0.23
|
0.26
|