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Posted on 6/13/17 at 11:06 pm to CCTider
quote:
No. Real Americans love Costco. Great prices, great quality, and they pay their employees enough that they don't suck on the government's tit like Walmart.
If you love Walmart, you love welfare.
this ^
Posted on 6/13/17 at 11:06 pm to CCTider
quote:Costco operates under a completely different business model than walmart. They would go out of business in a heartbeat if they employed the same number of employees per store as walmart but continued to pay the higher wages
Great prices, great quality, and they pay their employees enough that they don't suck on the government's tit like Walmart.
Posted on 6/13/17 at 11:06 pm to HailHailtoMichigan!
What about housing, tuition, and overall cost of living? I'd love to see those graphs.
Posted on 6/13/17 at 11:08 pm to CCTider
Do walmart employees go to college lol
Posted on 6/13/17 at 11:09 pm to CCTider
quote:I'm not arguing that everything is cheaper. As abu already said, in general, consumer goods have decreased dramatically in price over the past 50 years or so, while many important services like a college education, healthcare, and childcare have seen a dramatic increase in price.
What about housing, tuition, and overall cost of living? I'd love to see those graphs.
I am not the one making blanket statements on the cost of living. Rocket31 is.
Posted on 6/13/17 at 11:09 pm to Mingo Was His NameO
quote:
Look, NPM is a useful ratio, but when you are talking about a heavily intangible company a large majority of the time NPM piblished using book value, especially on a product line basis, are not going to anywhere near the same as if they were done at fair value.
Well, maybe - I am not sure I would agree with that.
I think most IP economists don't believe that fair value is completely accurate, either, except in some circumstances (i.e., wine vintages or something that is pretty liquid). Taking away the Apple support system from the Apple IP portfolio strips the IP asset of a lot of its value. That's the approach that Ocean Tomo takes, for instance.
And in that case, if Apple is depreciating book value instead of FMV, then they aren't deducting as much 9 times out of 10, and their income statements look worse.
Also, yes, I know that expenses occurred don't match sales, but for a firm like Apple, their R&D is predictable enough YoY that you can have a pretty good idea of what an accurate margin is.
Posted on 6/13/17 at 11:10 pm to TigahJay
quote:
Grocery store selling cheap shite from China isn't as profitable as a tech company. Who knew?
What's funny is you probably had no clue how big of a dumbass this post would make you look.
Posted on 6/13/17 at 11:10 pm to lsu480
quote:
lsu480
Dude I'll I'm trying to say is comparing the profit margin of Walmart and Apple is stupid. Walmart's costs as a grocer are going to more directly going to reflect your revenue. You buy an orange then you sell the orange or you throw it away as spoilage. Apple on the other hand has a way more complicated structure and accounting that is going to affect their profit margin year to year. When Apple is developing a big new product and they spend more on R&D than usual they are going to have a lower NPM if sales where the same because they expensed all of that R&D before they even have the product to sell yet.
I'm wasn't trying to get in a pissing match about analyzing the financials of Apple, but you told me I didn't know what I was talking about but I have more experience in big accounting and finance than most of this board.
Posted on 6/13/17 at 11:11 pm to AbuTheMonkey
quote:
Also, yes, I know that expenses occurred don't match sales, but for a firm like Apple, their R&D is predictable enough YoY that you can have a pretty good idea of what an accurate margin is.
Exactly. They release new products on a fixed yearly schedule.
Posted on 6/13/17 at 11:11 pm to CCTider
quote:
Even at $10 an hour, do you really believe Walmart doesn't use the bare minimum number of employees to get things done? Have you seen their lines? If they could use less employees, they absolutely would. They've got box retail down to a science.
$10/hour implies a more efficient worker a little higher up the labor value chain, so yea, they would use the bare minimum number of employees (which would be fewer), or they'd start shutting down marginal stores.
Posted on 6/13/17 at 11:22 pm to AbuTheMonkey
What is the EBITDA of Walmart and Apple?
Posted on 6/13/17 at 11:23 pm to HailHailtoMichigan!
So they profit 10.4 billion per year, not bad
Posted on 6/13/17 at 11:31 pm to supatigah
quote:
What is the EBITDA of Walmart and Apple?
Looks like about $32.9B on $13.6B net income for WMT for FY16 and $73.3B on $45.7B net income (holy fricking shite) for AAPL for FY16.
Looks like AAPL paid about $15.7B in taxes and WMT paid about $6.2B.
Looks like very similar D&A - both right around $10B. I am guessing WMT has to depreciate a lot of facilities and other hard assets while AAPL is depreciating a lot of IP.
This post was edited on 6/13/17 at 11:33 pm
Posted on 6/13/17 at 11:32 pm to AbuTheMonkey
Thanks
Amazing
'Merica!
Amazing
'Merica!
Posted on 6/13/17 at 11:35 pm to Mingo Was His NameO
quote:
I have more experience in big accounting and finance than most of this board.
Let's hear those credentials then big shot
Posted on 6/13/17 at 11:38 pm to MusclesofBrussels
quote:
Let's hear those credentials then big shot
BS Accounting- also CFP eligible
MS Accounting
CPA
Big 4, Regional, and local accounting firm experience.
Posted on 6/13/17 at 11:40 pm to HailHailtoMichigan!
this is the best post I've ever seen on on the OT.
Posted on 6/13/17 at 11:43 pm to CCTider
quote:
No. Real Americans love Costco. Great prices, great quality, and they pay their employees enough that they don't suck on the government's tit like Walmart.
Starting pay at Walmart and Costco are similar. In fact, when Walmart was here it was equal. The local McDonald's pays a better starting wage than costco
Posted on 6/13/17 at 11:44 pm to rocket31
quote:
sam walton has a net worth of 149 billion but according to you he cant afford to pay his employees a living wage?
You have no understanding of econ
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