Same sector. I don't compare companies from different sectors. Maybe vs an industry average. Not a method either but an exploration.
Great. So inversely, we surmise that TSLA is getting more output from capital or fixed assets than Ford to get comparable sales . Very rough. I admit.
Supports an idea that has been brewing: They will hand over the keys to Giga Shanghai in about a year. Operating Leverage will strike them down in a sales slowdown. From the 10K. I asked a well regarded bond lady on Twitter to do the credit analysis on operating leverage since I am not professionally qualified. Much better than hearing from equity analysts.
blackstone, black rock and other investment managers might be more. Some biotechs and tech startups might be higher too.
Yeah look at Moderna. $6.8M PFE $1M ABT $381K BX---> $5.8M Interesting: MCD $232K WEN $155K QSR (Burger King, Popeyes, Tim Horton) $1M CMG $77K SHAK $76K BROS $45K SBUX $75K YUM $182K YUMC $33K EAT $56K CAKE $63K Too many ways to disect this metric to get an apples to apples I think. Even in the same sector or even sub-sector
McDonald’s is because of franchising which is essentially leasing employees off balance sheet compared to cmg which doesn’t franchise.