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re: For those of y'all who hate Walmart, read these facts and savor them
Posted on 6/13/17 at 9:59 pm to rocket31
Posted on 6/13/17 at 9:59 pm to rocket31
quote:ummmm, do you have any idea how large walmart is?
do you purposely play stupid? 1.3 billion per MONTH in profits
ive heard it all now "walmart is barely getting by, how can the company survived with billions of profits every month guys???" - just lol
1
Posted on 6/13/17 at 10:01 pm to HailHailtoMichigan!
of course, its the #1 employer in many states. also, sam walton has a net worth of 149 billion but according to you he cant afford to pay his employees a living wage?
just lol
just lol
Posted on 6/13/17 at 10:02 pm to rocket31
Sam Walton is dead.
Posted on 6/13/17 at 10:03 pm to Golfer
ya, the waltons/sam walton - same difference
they are the richest family in america but hailhail is saying walmart is barely getting by
just lol, this is amazing
they are the richest family in america but hailhail is saying walmart is barely getting by
just lol, this is amazing
This post was edited on 6/13/17 at 10:04 pm
Posted on 6/13/17 at 10:07 pm to rocket31
They're at the $120B combined wealth because of volume. Not because of margins. This isn't that hard of a concept to grasp.
Posted on 6/13/17 at 10:12 pm to HailHailtoMichigan!
quote:
I just presented you evidence that walmart's revenues are ridiculously close to equaling their costs
3.5% is actually pretty good for a store like Walmart. Grocers and retailers like Walmart don't survive on margin, they survive on volume. Customizable or highly developed products (like the Iphone) survive more on margin than volume.
This has been 9th grade economics. Return tomorrow for your next lesson.
Posted on 6/13/17 at 10:19 pm to BigPerm30
quote:
ust think. They'd never turn a profit if the government didn't subsidize their work force with benefits. frick Walmart. Pay your workers living wages and let them work more than 39 hours so tax payers don't have to pick up their insurance, etc.
I just left from Walmart and the guy that waited on me doesn't deserve a living wage. Doesn't deserve to have a job. The guy was ignorant as a third grader. Had no people skills and it was excruciating just having to deal with him.
So no, just because you have a job doesn't mean you should be paid any more than minimum wage.
This post was edited on 6/13/17 at 10:21 pm
Posted on 6/13/17 at 10:29 pm to Mingo Was His NameO
quote:My point is that walmart doesn't make some ridiculous amount of money over what the average employee provides to the store.
3.5% is actually pretty good for a store like Walmart. Grocers and retailers like Walmart don't survive on margin, they survive on volume. Customizable or highly developed products (like the Iphone) survive more on margin than volume.
Walmart sells goods very close to their costs, which is what economic theory tells us is the way to maximize economic welfare.
Apple could, theoretically, decrease their prices of their iphones by 15%+, still make a profit, but massively increase consumer surplus.
Posted on 6/13/17 at 10:36 pm to HailHailtoMichigan!
quote:
My point is that walmart doesn't make some ridiculous amount of money over what the average employee provides to the store.
Walmart sells goods very close to their costs, which is what economic theory tells us is the way to maximize economic welfare.
There is still a lot that you are not recognizing with their model, but ok you can at least argue this.
quote:
Apple could, theoretically, decrease their prices of their iphones by 15%+, still make a profit, but massively increase consumer surplus
This is wrong. It seems that Apple makes 25% on each Iphone, but they don't. Assembly and other product costs are not what drives a tech company like Apple. Like I said, they spend billions upon billions on research and development which are not directly tied to the sale of the product, therefor, do not affect their profit margin on each Iphone sold. That doesn't mean they didn't spend the money. They have to sell their products at a higher margin to cover for higher period and intangible costs that are not reflected in the margin you are refrencing.
Posted on 6/13/17 at 10:36 pm to Mingo Was His NameO
quote:
This is so simplistic. I'm not going to explain all of it to you, but that's not how any of this works. Apple puts years of research and development into their products that are not expensed at point of sale like a grocery item. Yes, Apple makes almost 25% on an iPhone, but they spent billions to develop the technology that's inside of it. Production and product costs are not their main expense like Walmart.
Of course you won't explain it all because you are totally wrong and don't know WTF you are talking about.
Posted on 6/13/17 at 10:41 pm to lsu480
quote:
Of course you won't explain it all because you are totally wrong and don't know WTF you are talking about.
That's actually pretty much exactly how it works. I'm not going to explain business models to you on the OT or try to explain high level intangible and R&D accounting on this board. Profit margins are tied to specific cost drivers of an item. If you are expensing R&D as it is incurred like Apple does because it lowers profits, therefor taxable income, at a faster pace freeing up cash flow then it is not accounted for when calculating profit margin on a specific product.
Posted on 6/13/17 at 10:41 pm to HailHailtoMichigan!
half of the population makes less than $30k per year.
wages have been stagnant for decades while the cost of everything has risen significantly.
but youre attempting to argue that walmart has it rough? cmon man
wages have been stagnant for decades while the cost of everything has risen significantly.
but youre attempting to argue that walmart has it rough? cmon man
Posted on 6/13/17 at 10:42 pm to Mingo Was His NameO
quote:
This is wrong. It seems that Apple makes 25% on each Iphone, but they don't. Assembly and other product costs are not what drives a tech company like Apple. Like I said, they spend billions upon billions on research and development which are not directly tied to the sale of the product, therefor, do not affect their profit margin on each Iphone sold. That doesn't mean they didn't spend the money. They have to sell their products at a higher margin to cover for higher period and intangible costs that are not reflected in the margin you are refrencing.
Ok what % of their revenue ends up as net profit? They make over 20% profit when everything is factored in, which is awesome!
Posted on 6/13/17 at 10:44 pm to Mingo Was His NameO
quote:
That's actually pretty much exactly how it works. I'm not going to explain business models to you on the OT or try to explain high level intangible and R&D accounting on this board. Profit margins are tied to specific cost drivers of an item. If you are expensing R&D as it is incurred like Apple does because it lowers profits, therefor taxable income, at a faster pace freeing up cash flow then it is not accounted for when calculating profit margin on a specific product.
They are a public company and their financials are available to anyone, retard!
Here you go
This post was edited on 6/13/17 at 10:46 pm
Posted on 6/13/17 at 10:45 pm to Mingo Was His NameO
quote:
This is wrong. It seems that Apple makes 25% on each Iphone, but they don't. Assembly and other product costs are not what drives a tech company like Apple. Like I said, they spend billions upon billions on research and development which are not directly tied to the sale of the product, therefor, do not affect their profit margin on each Iphone sold. That doesn't mean they didn't spend the money. They have to sell their products at a higher margin to cover for higher period and intangible costs that are not reflected in the margin you are refrencing.
This is straight up wrong.
That R&D is baked into Apple's income statement and balance sheet.
The marginal cost of an iPhone is just barely over $200.
They are making almost 150% margin on each individual iPhone.
The 20 - 25% income statement margins reflect the R&D.
ETA: Yea, they may be depreciating IP or goodwill in a funny way, but it's still embedded into the IS and BS, and they most certainly are making fabulous margins these days. I am far from some commie that thinks they should pay more, but let's be honest here.
This post was edited on 6/13/17 at 10:51 pm
Posted on 6/13/17 at 10:45 pm to rocket31
quote:The cost for everything has unambiguously NOT risen for everything. The cost for key things like healthcare and education and childcare have increased, but the real cost of most things you buy have fallen precipitously.
wages have been stagnant for decades while the cost of everything has risen significantly.
Posted on 6/13/17 at 10:46 pm to HailHailtoMichigan!
you dont go on the poli board anymore?
Posted on 6/13/17 at 10:48 pm to Tunasntigers92
quote:6 more days until I can go back on. (I am banned at the moment)
you dont go on the poli board anymore?
Posted on 6/13/17 at 10:48 pm to HailHailtoMichigan!
:lol
pls conveniently ignore that you could get a great house for ~75-100k "back in the day" instead of the ~250k it costs now
pls conveniently ignore that you could get a great house for ~75-100k "back in the day" instead of the ~250k it costs now
Posted on 6/13/17 at 10:49 pm to rocket31
quote:You claimed that "everything" is more expensive now than in the past. That statement is absolutely absurd.
pls conveniently ignore that you could get a great house for ~75-100k "back in the day" instead of the ~250k it costs now
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