Current Relative Profitability

The quantitative business analysis begins with determining the relative sales revenues and corresponding profitabilities of the products and/or services that comprise your business. Professor Peter Drucker in his book. Managing for Results, recommends drawing up a table, in which the company s products (or services—for purposes of this chapter, we will assume that the two are interchangeable)—are as follows  

Individual product sales revenues, net of the cost of raw materials. Each product s percentage of the company s total net sales revenues. 

Each product s cost burden (more on how to determine this in a moment). 

Percentage of this individual product s burden of the company s total costs. 

Each product s net earnings (net sales revenues—per the first item above—minus manufacturing and overhead costs). 

---

There is, therefore, a rationale behind the yield spread differential witnessed between two like issues occupying the same maturity band, and the above points must be factored in when assessing the fair value of a particular Pfandbrief. As of early 2003, it is generally felt that the market has found its echelon in regard to curve spread and that current relative valuations should remain to a large extent intact in the near term. In this context, any short-term deviations from fair value could represent profitable trading opportunities for investors. 

At sufficiently high frequency, the electromagnetic skin depth is several times smaller than a typical defect and induced currents flow in a thin skin at the conductor surface and the crack faces. It is profitable to develop a theoretical model dedicated to this regime. Making certain assumptions, a boundary value problem can be defined and solved relatively simply leading to rapid numerical calculation of eddy-current probe impedance changes due to a variety of surface cracks. 

This book was conceived also to answer the readership needs in the area of Analytical Chemistry, whether it be for study within this discipline or as a tool used in other experimental sciences and diverse areas. The background knowledge required to profit from this book is essentially that possessed by students in their first years of university. Thus, the authors have limited themselves to fundamental principles and have considered that students already have basic training in mathematics and in the approach to studying physical phenomena. Throughout this book, in-depth studies of phenomena have been avoided in order not to put off the majority of readers at whom this book is targeted. Those interested will, if necessary, be able to consult specialised works without any major difficulties, after having acquired from this book a relatively complete overview of the most currently used methods. 

It should be noted that EXAFS and ASAXS are relatively new techniques, however, having emerged only within the last fifteen years. Therefore, it is reasonable to assume that their full potential is largely unexplored. Moreover, it is certain that with current and future synchrotron sources[47], new techniques will be developed, and that some of these will be profitably applied to the study of ionomers. 

Currently the bulk of the world s vanadium is recovered as a by-product from deposits that are relatively low in vanadium resources in deposits of this kind are large. Deposits that can be mined profitably for vanadium alone must contain at least 1% V2O5, but not many deposits of this kind are known. 

---