1. Twenty Years of Corporate Earnings.
- Author
-
Cottle, Sidney and Whitman, Tate
- Subjects
CORPORATE profits ,LONG run (Economics) ,RATE of return ,CAPITAL ,INDUSTRIES ,PROFIT ,CORPORATE finance ,FINANCIAL performance ,AMERICAN business enterprises ,UNITED States economy, 1918-1945 ,CAPITAL gains ,WORLD War II & economics - Abstract
The article compares the long-run earnings performance of major industries in the U.S. from 1935 to 1955. Financial data evaluated in this study include common stock capital, total capital, sales, earnings available to total capital, and earnings available to common stock capital. It is stated that the earnings rate on capital is a function of the profit margin and capital turnover. Companies evaluated were listed on the New York Stock Exchange. Industries evaluated include the chemical industry, the aircraft industry, and the oil industry. Differences in earnings patterns of the industries are discussed. Differences in earnings levels and patterns before and after World War II are discussed.
- Published
- 1958