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Sales Analysis GAM
In the year ending in Dec 31,23, General American Investors Clo sales were sharply up 14.0% from $6.28 million last year to $7.16 million. We predict General American Investors Clo sales to go up 1.8% to around $7.28 million during the next 12 months. The share price of General American Investors Clo has a positive sensitivity to increases to sales with forecast sales alone increasing the share price by 0.07%.
General American Investors Clo currently has 0 employees and with sales of $7.16 million this equates to sales of $inf, per employee.
Profitability
For Dec 31,23 Cost of goods sold was not reported. This cost represented 0.0% of overall sales unchanged from 0.0% last year and is expected to remain unchanged to 0.0% next year. We predict Cost of goods sold to move to around $0.0 during the next 12 months.
Selling General and Administrative expenses, since last year, have risen by 40.42%, from $3.44 million to $4.83 million this year and we expect SGA to move down 16.0% to around $4.05 million during the next 12 months.
This meant gross income was $7.16 million making a gross profit margin of 100.0% of sales, which we expect to be 95.03% next year. The share price of General American Investors Clo has a positive sensitivity to increases to gross profit margin.
With 0 employees, the gross income is $inf, per employee.
Earnings
EBIT was a lot of sales and turned positive and for this fiscal year was up big negative% from the previous year, totaling $120.67 million and we expect EBIT to be $67.58 million next year.
Pre-tax income was a lot of sales and turned positive and was up big negative% from -$22.8 million last year to $123.5 million this year and we expect it to be $71.77 million next year. General American Investors Clo paid $121.49 million tax. Its effective tax rate was 98.37% from 111.18% last year and estimated as 71.85% next year.
Including discontinued income, after tax income was a lot of sales and turned positive and sharply increased by big negative% from last year's -$25.63 million to $120.67 million this year and we expect it to be $70.0 million next year. Return on Equity turned positive and was up to inf, from -inf, last year and we expect it to be 70.0 million next year.