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

lower and upper limits for the Middle West are lower by one ratio- group of 4 per cent than the corresponding limit in the East. The data for the West and South on the other hand, show for both districts that a range of only 8 per cent is necessary to include approximately 50 per cent of their cases. So it may be said that a slightly greater degree of concentration of ratios exists in the West and South than in the East and Middle West. It will be observed that the upper limit (.12) of this 50 per cent group for the West is the same as the lower limit of the 50 per cent group for the East while the lower limit extends down to .04. The con- centrated 50 per cent of the cases in the West is therefore considerably lower in the scale than in the East; the Middle West is a little lower than the East and South, but above the West. There is thus some tendency for the Middle West and West to reach further into the lower ratios than the East or South. The ratio-group with the highest number of cases in each district is as follows: East Middle West West South { 04-07 Model group......... 16-19 12-15 108-11 12-15 Percentage included therein. ........» 11.8% 24.8% 26.9% 29.1% The high degree of concentration in three of the four districts is further evidenced by the above figures. Approximately one-fourth of the cases in three instances fall in one ratio-group of 4 per cent spread, but the fact will have been already observed from the chart that each of two ratio-groups in the West includes approximately one-fourth of the total. The modal average for each district is given below. It indicates the point where the greatest number of cases occur and expresses the typical case for the respective localities. East Middle West West South Modal Average...... .i8 14 .09 .14 According to these averages three of the districts are not far apart in number of cents of revenue per dollar of assets. But the difference is so great between the Western district and the others that it might lead one to wonder if plant expansion has not out-distanced demand for service. In this series of bulletins, however, the presentation of the facts claims all of the available space and “reasons why” must be left for other investigators. THE RATIOS BY SIZE OF COMPANY The size of the company as measured by total assets according to ‘Table Ic and Chart 1c does not materially affect the distribution of the [91]

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