|
Rate of Return Rankings
The
objective for any company should be to achieve a rate of
return higher than its cost of capital.
thebigpicture has been
tracking these measures for several years to verify their continuing value
as a predictor of share price performance. See the
results of the analysis contained in thebigpicture
for 26 August 2002.
This table
shows rates of return on funds employed calculated in August 2002 for
the prior two completed financial years for each company.
In the case of banks, which use financial assets as
trading stock, the performance measure is a return on
equity.
Economic Return Analysis
for Larger Listed Companies
| Company Name |
Return
Year-1 |
Return
Year-2 |
Average
2-year return |
| Cochlear |
119.7 |
142.5 |
131.1 |
| Aristocrat Leisure |
67.7 |
56.5 |
62.1 |
| Flight Centre |
51.3 |
65.9 |
58.6 |
| Leighton Holdings |
71.9 |
37.7 |
54.8 |
| Coal & Allied
Industries |
34.7 |
27.3 |
31.0 |
| Woodside Petroleum |
30.2 |
31.0 |
30.6 |
| AXA Asia Pacific Holdings |
43.9 |
15.0 |
29.4 |
| Toll Holdings |
30.0 |
27.8 |
28.9 |
| Telstra Corporation |
22.2 |
24.9 |
23.6 |
| Macquarie Bank |
26.5 |
19.5 |
23.0 |
| Woolworths |
28.3 |
15.4 |
21.8 |
| Westpac Banking Corp. |
21.7 |
19.1 |
20.4 |
| ANZ Banking Group |
20.8 |
19.9 |
20.4 |
| Westfield Holdings |
18.4 |
20.8 |
19.6 |
| Harvey Norman Holdings |
16.2 |
21.7 |
18.9 |
| Rio Tinto |
16.5 |
20.5 |
18.5 |
| Amcor |
22.0 |
13.6 |
17.8 |
| Wesfarmers |
18.2 |
14.5 |
16.4 |
| National Australia Bank |
13.4 |
19.0 |
16.2 |
| Bank Of Western Australia |
16.3 |
16.1 |
16.2 |
| Santos |
15.4 |
16.3 |
15.9 |
| Patrick Corporation |
13.0 |
16.9 |
14.9 |
| Foster's Group |
16.5 |
12.8 |
14.6 |
| Commonwealth Bank |
14.9 |
13.7 |
14.3 |
| Suncorp- Metway |
12.8 |
14.6 |
13.7 |
| Tabcorp Holdings |
14.6 |
11.2 |
12.9 |
| Qantas Airways |
10.6 |
13.4 |
12.0 |
| Stockland Trust Group |
9.1 |
14.4 |
11.8 |
| CSL |
10.6 |
12.4 |
11.5 |
| CSR |
10.2 |
12.8 |
11.5 |
| BHP Billiton |
11.3 |
11.5 |
11.4 |
| John Fairfax Holdings |
9.4 |
12.8 |
11.1 |
| Coles Myer |
9.0 |
13.0 |
11.0 |
| WMC |
8.1 |
13.4 |
10.7 |
| Southcorp |
10.5 |
10.8 |
10.7 |
| Brambles Industries |
6.8 |
14.4 |
10.6 |
| St. George Bank |
12.5 |
8.6 |
10.6 |
| Macquarie Infrastructure |
12.1 |
7.4 |
9.8 |
| Mirvac Group |
9.0 |
9.2 |
9.1 |
| QBE Insurance Group |
0.9 |
15.5 |
8.2 |
| AMP |
6.0 |
9.8 |
7.9 |
| Boral |
8.3 |
7.4 |
7.9 |
| Goodman Fielder |
7.9 |
7.8 |
7.8 |
| Transurban Group |
3.9 |
11.7 |
7.8 |
| Publishing and
Broadcasting |
7.6 |
8.0 |
7.8 |
| General Property Trust |
7.6 |
7.8 |
7.7 |
| The News Corporation |
1.4 |
13.8 |
7.6 |
| Westfield Trust |
7.0 |
8.0 |
7.5 |
| Lion Nathan |
7.2 |
6.7 |
7.0 |
| Mayne Group |
7.6 |
5.4 |
6.5 |
| Orica |
4.7 |
8.2 |
6.4 |
| Australian Gas Light Co. |
6.7 |
5.9 |
6.3 |
| Lend Lease Corporation |
5.7 |
6.5 |
6.1 |
| Westfield America Trust |
6.1 |
5.9 |
6.0 |
| Origin Energy |
7.3 |
3.2 |
5.2 |
| MIM Holdings |
4.0 |
5.2 |
4.6 |
| Coca-Cola Amatil |
4.3 |
4.5 |
4.4 |
| Insurance Australia Group |
0.1 |
3.8 |
2.0 |
|
