Revenue per Employee

[xandman]

?
Ford rev/emp $745K
JPM rev/emp $483K

Thanks for the data. But, same sector would be better. Do you have TESLA?

 

[vanzandt]

Thanks for the data. But, same sector would be better. Do you have TESLA?

$542K/employee

 

[xandman]

There are more direct ways off understanding that.

Revenue per employee is a meaningless number. Manufacturing and retail have low revenues/employee but they pay employees poorly. Investment banks have high revenues per employee, but the employees get like 40% of the net.

Even profit per employee is meaningless. Who care if you earn $1 with 1 person (already paid for) or $1 with 2 people (already paid for). Your company is still worth the same.

Same sector. I don't compare companies from different sectors. Maybe vs an industry average. Not a method either but an exploration.

 

[xandman]

$542K/employee

Great. So inversely, we surmise that TSLA is getting more output from capital or fixed assets than Ford to get comparable sales .

Very rough. I admit.

 

[xandman]

Supports an idea that has been brewing: They will hand over the keys to Giga Shanghai in about a year. Operating Leverage will strike them down in a sales slowdown. From the 10K.

I asked a well regarded bond lady on Twitter to do the credit analysis on operating leverage since I am not professionally qualified.

Much better than hearing from equity analysts.

 

[newwurldmn]

I did look at GS too. They are $1.3M per employee.
I think that might be the highest I have ever seen.

blackstone, black rock and other investment managers might be more.

Some biotechs and tech startups might be higher too.

 

[vanzandt]

blackstone, black rock and other investment managers might be more.

Some biotechs and tech startups might be higher too.

Yeah look at Moderna. $6.8M
PFE $1M
ABT $381K
BX---> $5.8M

Interesting:
MCD $232K
WEN $155K
QSR (Burger King, Popeyes, Tim Horton) $1M
CMG $77K
SHAK $76K
BROS $45K
SBUX $75K
YUM $182K
YUMC $33K
EAT $56K
CAKE $63K

Too many ways to disect this metric to get an apples to apples I think.
Even in the same sector or even sub-sector

 

[newwurldmn]

Yeah look at Moderna. $6.8M
PFE $1M
ABT $381K
BX---> $5.8M

Interesting:
MCD $232K
WEN $155K
QSR (Burger King, Popeyes, Tim Horton) $1M
CMG $77K
SHAK $76K
BROS $45K
SBUX $75K
YUM $182K
YUMC $33K
EAT $56K
CAKE $63K

Too many ways to disect this metric to get an apples to apples I think.
Even in the same sector or even sub-sector

and bx is a scam because they own 20percent companies with hundreds of thousand employees.

 

[newwurldmn]

and bx is a scam because they own 20percent companies with hundreds of thousand employees.

McDonald’s is because of franchising which is essentially leasing employees off balance sheet compared to cmg which doesn’t franchise.