Icon Group Forecasts Financial Gaps for PIONEER ELECTRONIC CORP.
2 October 2000
Icon Group Forecasts Financial Gaps for PIONEER ELECTRONIC CORP.
SAN DIEGO--Oct. 2, 2000--Icon Group today released its quarterly financial benchmarks on PIONEER ELECTRONIC CORP. for the coming 12 months.According to Stephanie Winters, Icon Group Marketing Director, the uniqueness of these forecasts is that they involve comparisons across borders within the same competitive sector. She explains that "first, you need to find firms competing in the same sector, then you must control for exchange rate volatility. Finally, you need to use comparable financial standards."
Icon's Methodology
The methodology involves three steps. First, some 26,000 firms in over 50 countries are searched to reveal those producing similar products/services or which are in the same stage of the value chain within the same industrial classification. Then for each of these firms defined as competitors, Icon Group forecasts the financials and standardizes these into comparable categories for benchmarking. Finally, all currency effects are eliminated by standardization. In choosing the competitors, Icon Group considers only those firms with sound financial situations or those not undergoing radical restructuring, or where random volatility, mergers, or bankruptcy affects performance.
How does PIONEER ELECTRONIC CORP.'s asset structure vary compared to these competitors? Does PIONEER ELECTRONIC CORP. hold more cash and other short term assets, or does it concentrate its assets in physical plant and equipment? On the liability side, does PIONEER ELECTRONIC CORP. have a higher percent of payables compared to the benchmarks, or does it hold a higher concentration of long term debt? The structure of the income statement is more telling. Does PIONEER ELECTRONIC CORP. have a relatively higher cost of goods sold, operating costs, or income taxes compared to its competitors? Are their returns on equity higher? Are profit margins greater? Are inventories held longer? This report goes beyond traditional analyses by considering competitors at a global level and gives hundreds or statistics, over 100 benchmarks, and 40 graphs (ISBN: 0597107238). The largest gaps foreseen for PIONEER ELECTRONIC CORP. include: property plant and equipment - gross, retained earnings, selling, general & administrative expenses, tax rate (%). Link for more details: library.northernlight.com/JP20000926080000136.html?cb=0&sc=0#doc
About Icon Group
Icon Group International is the world's largest publisher of strategic research reports, databases, and downloadable spreadsheets covering 200 countries, 2000 product/industry categories and over 15,000 companies worldwide. For more information: Icon Group, 4370 La Jolla Village Drive, 4th Floor, San Diego, CA, 92122; Tel: 858/546-4340; Fax: 858/546-4341; www.icongroupedition.com