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Sales Analysis IBM
In the financial year Dec 31,23, None sales were sharply up 17.8% from $14.75 billion last year to $17.38 billion. We predict None sales to go down 0.3% to around $17.32 billion during the next 12 months. The share price of None has a positive sensitivity to increases to sales with forecast sales alone decreasing the share price by 0.01%.
None currently has 282,200 employees and with sales of $17.38 billion this equates to sales of $61.59 thousand per employee.
Profitability
For Dec 31,23 Cost of goods sold was sharply up 3.2% from $6.73 billion last year to $6.94 billion. This cost represented 39.94% of overall sales down from 45.61% last year and is expected to rise to 41.38% next year. We predict Cost of goods sold to move up 3.3% to around $7.17 billion during the next 12 months.
Selling General and Administrative expenses are up 9.36% from last year, totaling $4.28 billion and we expect SGA to move down 11.1% to around $3.8 billion during the next 12 months.
This meant gross income was $10.44 billion making a gross profit margin of 60.06% of sales, which we expect to be 54.63% next year. The share price of None has a positive sensitivity to increases to gross profit margin.
With 282,200 employees, the gross income is $36.99 thousand per employee.
Earnings
EBIT was 24.0% of sales and for this year was $4.17 billion, up 82.54% from $2.29 billion last year and we expect EBIT to be $4.02 billion next year.
Pre-tax income was 21.63% of sales and in this year, was up 100.69% from $1873.0 million last year to $3.76 billion and we expect it to be $3.13 billion next year. None paid $474.0 million tax. Its effective tax rate was 12.61% from 8.49% last year and estimated as 14.91% next year.
Including discontinued income, after tax income was 18.92% of sales and sharply increased by 92.96% from last year's $1704.0 million to $3.29 billion this year and we expect it to be $2.69 billion next year. Return on Equity was unchanged since last year at inf, and we expect it to be 2.69 billion next year.