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Sales Analysis IBM

In the year ending in Dec 31,23, International Business Machine sales were sharply up 20.2% from $14.46 billion last year to $17.38 billion. We predict International Business Machine sales to go down 6.1% to around $16.32 billion during the next 12 months. The share price of International Business Machine has little sensitivity to increases to sales with forecast sales alone increasing the share price by 0.07%.

International Business Machine 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 1.8% to $6.94 billion from $6.82 billion last year. This cost represented 39.94% of overall sales down from 47.15% last year and is expected to rise to 41.1% next year. We predict Cost of goods sold to move down 3.4% to around $6.71 billion during the next 12 months.

Selling General and Administrative expenses sharply decreased by 4.1% from last year's $4.46 billion to $4.28 billion this year and we expect SGA to move down 18.3% to around $3.49 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 58.39% next year. The share price of International Business Machine has little 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 144.06% from $1709.0 million last year and we expect EBIT to be $3.74 billion next year.

Pre-tax income was 21.63% of sales and in this year, was up big% from $1074.0 million last year to $3.76 billion and we expect it to be $2.85 billion next year. International Business Machine paid $474.0 million tax. Its effective tax rate was 12.61% from -46.74% last year and estimated as a lot next year.

Including discontinued income, after tax income was 18.92% of sales and sharply increased by 104.86% from last year's $1605.0 million to $3.29 billion this year and we expect it to be $2.25 billion next year. Return on Equity was unchanged since last year at inf, and we expect it to be 2.25 billion next year.

Sales and income

date totalRevenue ... netIncome commonStockTotalEquity 0 Dec 31,23 1.7381e+10 ... 3.288e+09 None 1 Mar 31,24 1.4462e+10 ... 1.605e+09 None [2 rows x 14 columns]