Enterprise growth capability refers to the future development trend and development speed of an enterprise, including the expansion of enterprise scale, increase in profits and owner’s equity. Enterprise growth capability is the ability of an enterprise to continue to grow in asset size, profitability, and market share as the market environment changes, reflecting the enterprise’s future development prospects.
Ranking of growth capabilities of 19 listed men’s clothing companies
Core data
▪The top three companies in terms of growth capabilities: Shanshan Brand, Shinur, and George White
▪The top three companies in terms of compound revenue growth Enterprises: Shanshan Brand, Shanshan Brand, Modern Avenue
▪ Top three enterprises in terms of compound gross profit growth: Shanshan Brand, Shinur Brand, George White
▪The top three companies with compound growth in net profit: Melya, Shinur, and George Bai
▪The top three companies with compound growth in non-net profit: George Bai, Hongdou Shares, Septwolves
Operating income refers to the monetary income obtained by commercial enterprises from selling goods or providing services within a certain period of time. As the source of funds for enterprises to compensate for production and operation expenses, it is the main operating results, an important guarantee for profits, and an important part of cash inflow. Strengthening operating income management can prompt companies to conduct in-depth research and understand changes in market demand in order to make correct business decisions and avoid blind production.
▲Tabulation of revenue of 19 listed men’s clothing companies in the past five years: Data on Business
From Looking at the compound growth rate of revenue in the past five years, 11 companies have achieved positive growth, and four companies including Shinur, Shanshan Brand, Modern Avenue, and George White have achieved double-digit growth. Shinur’s revenue in the past five years has been as high as 3.585 billion yuan in 2019 and as low as 696 million yuan in 2016, with a compound annual growth rate of 37.16%. Shanshan brand’s revenue in 2018 and 2019 was more than 1 billion yuan, with a compound annual growth rate of 18.47%. George Bai’s revenue in 2018 and 2019 was both above 1 billion yuan, with a compound annual growth rate of 13.65%.
The remaining eight companies all experienced negative growth, with Evergreen International and Tiger both declining to double digits. Hudu’s highest revenue in the past five years was 1.874 billion yuan in 2015, only 581 million yuan and 359 million yuan in 2018 and 2019, with a compound annual growth rate of -33.84%. Youngor’s revenue in 2017 and 2018 was less than 10 billion yuan, with a compound annual growth rate of -3.84%. Melya’s revenue in the past five years has been around 400 million yuan, with a compound annual growth rate of -1.30%.
Gross profit refers to the balance of a commercial enterprise’s commodity sales revenue (selling price) minus the original purchase price of the commodity, also known as the difference between the purchase and sale of the commodity. There are many factors that affect the final profit, which vary greatly for different companies under different circumstances. Gross profit considers the main expenses of the business. The significance is that if you do not do this business, some resources will be wasted or still consumed, and the profit will become negative; if you do this business, you may make a profit or reduce your losses.
▲Tabulation of gross profits of 19 listed men’s clothing companies in the past five years: Data on Business
From Looking at the compound growth rate of gross profit in the past five years, 12 companies have achieved positive growth, and 5 companies including Shanshan Brand, Shinur, George Bai, Septwolves, and Angel Bird have achieved double-digit growth. Shanshan brand’s gross profit was only 252 million yuan in 2015, reaching 582 million yuan in 2019, with a compound annual growth rate of 23.28%. The gross profit of Septwolves in 2015 was 1.040 billion yuan, reaching 1.670 billion yuan in 2019, with a compound annual growth rate of 12.57%. Baoxiniao’s gross profit in 2019 reached 1.99 billion yuan, a new high in the past five years, with a compound annual growth rate of 11.88%.
The remaining seven companies all experienced negative growth, with Evergreen International and Tiger both falling by double digits. Melya’s gross profit in the past five years has been as high as 208 million yuan in 2015 and as low as 153 million yuan in 2019, with a compound annual growth rate of -7.39%. Busen’s gross profit in the past five years has been as high as 154 million yuan in 2015 and as low as 111 million yuan in 2018, with a compound annual growth rate of -5.66%. Carbine’s gross profit in the past four years has been around 500 million yuan, with a compound annual growth rate of -2.75%.
Net profit refers to the amount of the company’s current total profit minus income tax, that is, the company’s after-tax profit. The amount of net profit depends on two factors, one is the total profit, and the other is income tax expenses. Net profit is the final result of an enterprise’s operation. If the net profit is large, the enterprise’s operating efficiency will be good; if the net profit is small, the enterprise’s operating efficiency will be poor. It is the main indicator to measure the operating efficiency of an enterprise.
▲Tabulation of net profits of 19 listed men’s clothing companies in the past five years: Data on Business
From Looking at the compound growth rate of net profit in the past five years, 7 companies have achieved positive growth, and 4 companies including Melya, Shinur, George White and Hongdou have achieved double-digit growth. Melya’s net profit in 2015 was only 30 million yuan, and reached 39 million yuan in 2019, with a compound annual growth rate of 89.88%. Shinur’s net profit in the past five years has been as high as 129 million yuan in 2018 and as low as 70 million yuan in 2016, with a compound annual growth rate of 42.18%. George Bai’s net profit in 2018 and 2019 was both above 100 million yuan, with a compound annual growth rate of 23.74%.
Five companies including Jiumuwang, Youngor, Mulsanne Group, Cabin, and China Apparel.The balance after deducting the original purchase price of the commodity is also called the difference between the purchase and sale price of the commodity. There are many factors that affect the final profit, which vary greatly for different companies under different circumstances. Gross profit considers the main expenses of the business. The significance is that if you do not do this business, some resources will be wasted or still consumed, and the profit will become negative; if you do this business, you may make a profit or reduce your losses.
▲Tabulation of gross profits of 16 listed sports and leisure apparel companies in the past five years: Data on Business
Judging from the compound growth rate of gross profit in the past five years, 12 companies have achieved positive growth, and 6 companies including Anta Sports, Biyinlefen, Semir Clothing, Li Ning, Baibaolong, and Xtep International have achieved double-digit growth.
Anta Sports’ gross profit exceeded 10 billion yuan for the first time in 2018, reaching a new high of 18.659 billion yuan in the past five years in 2019, with a compound annual growth rate of 37.73%. Biyinlefen’s gross profit exceeded 1 billion yuan for the first time in 2019, with a compound annual growth rate of 27.34%. Four companies including Mugaodi, Meibang Apparel, Guirenniao and Pathfinder all experienced negative growth. Guireniao’s gross profit in the past five years was as high as 1.09 billion yuan in 2017 and as low as 544 million yuan in 2019. Meibang Apparel’s gross profit was more than 3 billion yuan in both 2017 and 2018, with a compound annual growth rate of -6.71%.
Net profit refers to the amount of the company’s current total profit minus income tax, that is, the company’s after-tax profit. The amount of net profit depends on two factors, one is the total profit, and the other is income tax expenses. Net profit is the final result of an enterprise’s operation. If the net profit is large, the enterprise’s operating efficiency will be good; if the net profit is small, the enterprise’s operating efficiency will be poor. It is the main indicator to measure the operating efficiency of an enterprise.
▲Tabulation of gross profits of 16 listed sports and leisure apparel companies in the past five years: Data on Business
Judging from the compound growth rate of net profit in the past five years, 8 companies have achieved positive growth, and 3 companies including Li Ning, Biyinlefen, and Anta Sports have achieved double-digit growth. Li Ning’s net profit exceeded 1 billion yuan for the first time in 2019, with a compound annual growth rate of 221.68%. Biyinlefen’s net profit in 2015 was only 123 million yuan, and it exceeded 400 million yuan in 2019, with a compound annual growth rate of 34.87%. Anta Sports’ net profit in 2015 was 2.041 billion yuan, and it exceeded 5 billion yuan in 2019, with a compound annual growth rate of 27.21%.
Four companies including 361 Degrees, Mu Gaodi, Zhongqian Holdings, and China Dongxiang all experienced negative growth. The highest net profit of 361 Degrees in the past five years was 518 million yuan in 2015, and the lowest It was 304 million yuan in 2018, with a compound annual growth rate of -4.44%. Pathfinder suffered losses of 85 million yuan and 182 million yuan in 2017 and 2018 respectively.
The deduction of non-net profits means that in the process of accounting for the company’s profits, not only the amounts related to the company’s operating expenses are deducted, but also all the expenses that have nothing to do with the operation during the operation are deducted. expenses incurred. After accounting for non-net profits, each company can intuitively see its profit status for a quarter or a year. The company’s expenses in the business process and expenses unrelated to the business process are deducted, so that a company’s operating status can be seen more objectively.
▲Tabulation of 16 listed sports and leisure apparel companies with deductions of non-net profits in the past five years: Data on Business
Judging from the compound growth rate of non-net profit in the past five years, three companies including Biyinlefen, Semir Clothing, and Baibaolong have all experienced positive growth. Biyinlefen’s net profit after non-profit exceeded 300 million for the first time in 2019 yuan, with a compound annual growth rate of 33.90%. Semir Apparel’s non-net profit in the past five years has been as high as 1.484 billion yuan in 2019 and as low as 1.025 billion yuan in 2017, with a compound annual growth rate of 4.03%.
Four companies including Souyute, Peacebird, Zhongdian Holdings, and Mugaodi all experienced negative growth. Souyute’s highest non-net profit deduction in the past five years was 559 million in 2017. Yuan, the lowest was 166 million Yuan in 2019, with a compound annual growth rate of -2.41%. Meibang Apparel has suffered losses after deducting non-net profits in four of the past five years, with the highest loss being 823 million yuan in 2019.
Ranking of growth capabilities of 16 listed sports and leisure apparel companies
▲Tabulation of the growth ability ranking list of 16 listed sports and leisure apparel companies: Shushuo Business
Tips:
1. The growth capability indicators selected in this article include the compound growth rate of operating income, the compound growth rate of gross profit, the compound growth rate of net profit and the compound growth rate of non-net profit.
2. In the calculation of the compound growth rate of net profit and the compound growth rate of non-net profit, the years in which net profit and non-net profit are negative are excluded.
3. In the growth ability ranking list, the scores of each indicator are converted according to the ratio of 10/10, and the comprehensive score is the average of each indicator.
4. Each indicator is just a parameter and cannot comprehensively and accurately reflect the future of an enterprise. The content of this article is for reference only and does not constitute any investment advice.
5. This article refers to the three-level industry classification. Due to changes in the main business of individual companies, the industry classification may be different.
Changes, industry classification may be different.
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