The financial productivity of public utility companies

Bibliographic data

Monograph

Identifikator:: 1729044344

URN:: urn:nbn:de:zbw-retromon-106690

Document type:: Monograph

Title:: The financial productivity of public utility companies

Place of publication:: Urbana

Publisher:: University of Illinois

Year of publication:: 1926

Scope:: 32 Seiten; Illustrationen

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. The revenue total assets ratio

Collection:: Economics Books

districts, and over half of them were in the size group 10-49 millions of assets. The remaining 1479 cases were sorted into ratio-groups with four per cent intervals, as, 04-07.9, 08-11.9, 12-15.9, etc. This sort of analysis permits the determination of the point of concentration, i. e., the group with the most cases, as well as the distribution or “spread” of the other cases about this highest frequency group. These data are graphically illustrated in Chart la; the details are presented in Tables Ia in the Appendix. The first thing in the chart which strikes the eye is its general outline. It rises rather abruptly in the second ratio-group, continues + at a fairly uniform high level through five groups and then drops off rapidly, but regularly to very short bars at the extreme right. Obviously a very large proportion of the total number of cases lies within relatively narrow limits. There are five groups which stand out above all the rest between ratios of .04 and .24. Some few cases showed less than four cents of revenue per dollar of assets and a few more showed more than twenty-four cents per dollar, but the greatest bulk of the cases (78.3 per cent) fell between these limits. Reducing the spread to the three largest groups, (the longest single bar in the chart and the next one on each side) shows 50.5 per cent of the cases concen- trated between .08 and .20. This indicates that slightly over half of the cases lie within the narrow range of 12 per cent. The group of highest frequency is 12-15. Here is found almost 20 per cent (19.5) of the total. The average used in this study (calculated mode) always falls in the most popular group and in this instance is 14. As far as it is possible for a single figure to be typical of many ratios in a large group this ratio of $.14 of revenue per $1 of assets may be said to be typical, or average, for these 1479 cases. THE GEOGRAPHICAL DISTRIBUTION The distributions of the ratios are compared for several geographical districts? in Table Ib. The characteristic distribution of the cases in each district is easily seen in Chart 1b. The total number of cases (1479) falls into districts as follows: East Middle West West South Number of cases.... 701 399 231 148 *See University of Illinois, Bureau of Business Research, Bulletin No. 9 for list of states included in each district. E72]

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