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Sales Analysis IBM
In the year ending in Jun 30,22, None sales were sharply up 10.1% from $14.11 billion last year to $15.54 billion. We predict None sales to go down 8.1% to around $14.28 billion during the next 12 months. The share price of None has little sensitivity to increases to sales with forecast sales alone decreasing the share price by 0.07%.
None currently has 282,100 employees and with sales of $15.54 billion this equates to sales of $55.07 thousand per employee.
Profitability
For Jun 30,22 Cost of goods sold was sharply up 8.5% to $7.25 billion from $6.68 billion last year. This cost represented 46.64% of overall sales down from 47.33% last year and is expected to rise to 46.71% next year. We predict Cost of goods sold to move down 7.9% to around $6.67 billion during the next 12 months.
Selling General and Administrative expenses have risen 9.0% from last year to $4.18 billion and we expect SGA to move down 11.1% to around $3.71 billion during the next 12 months.
This meant gross income was $8.29 billion making a gross profit margin of 53.36% of sales, which we expect to be 51.26% next year. The share price of None has little sensitivity to increases to gross profit margin.
With 282,100 employees, the gross income is $29.38 thousand per employee.
Earnings
EBIT was 12.53% of sales and turned positive and for this year was $1946.0 million, up -146.47% from -$4.19 billion last year and we expect EBIT to be $158.38 billion next year.
Pre-tax income was 11.08% of sales and turned positive and was up -138.26% from -$4.5 billion last year to $1722.0 million this year and we expect it to be $123.21 billion next year. None paid $257.0 million tax. Its effective tax rate was 14.92% from 28.59% last year and estimated as 13.62% next year.
Including discontinued income, after tax income was 8.96% of sales and turned positive and for this fiscal year was up -143.55% from the previous year, totaling $1392.0 million and we expect it to be $92.41 billion next year. Return on Equity turned positive and was sharply up to 0.02 from -0.05 last year and we expect it to be 92.41 billion next year.