“There’s no shortage of financial yardsticks to show Apple’s remarkable performance lately,” Rolfe Winkler reports for The Wall Street Journal. “One example: Despite being the largest S&P 500 company by market value, Apple’s 2011 sales growth outpaced all other index constituents, excluding acquisitions.”
“Yet Apple has another performance measure that few appreciate, its judicious use of capital employed,” Winkler reports. “To boost profits, most companies have to invest more capital. Yet even as Apple increased operating income 84% in the year ending September 2011, capital employed fell.”
Winkler reports, “Moreover, thanks to the efficiency with which Apple manages much of its balance sheet, the capital invested in its business is actually negative. In other words, Apple gets paid for its products faster than it pays to make them.”
Read more in the full article here.
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Sunday’s suck
typical Apple.
too efficient for normal humanity or standards-based societies & governments.
nazi-like efficiency minus the negativity.
tyrannical maybe, but at least things get done.
for that, thank goodness, it’s antiestablishment.
innovation, evolution, revolution requires tyranny or nada would change.
some people might say Ancient Aliens help Apple, but truth is they’re bloody efficient. good for them. good for us users.
Apple has to be the best or one of the best run companies on the planet, yet Wall Street is always looking for chinks in the armor. There is really something perverse in that. It makes absolutely no sense to me why Wall Street is continually trying to take down a company that most other companies on the planet would would give their eyeteeth to be like. The fact that Apple is practically outselling percentage-wise the rest of the computer industry and performing far better than most any other company around despite this poor economy should be more than enough the earn the respect of Wall Street. So, if Apple misses Street expectations of iPhone sales by a small amount, is that really enough to drop the share price down $10 or $20 on earnings call. I would hardly think it should be if iPads are selling exceptionally well.