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5 killer facts about the fortune 500
Posted 16 May 2011
The fortune 500 is a really cool list to be in. It's the super list of heavyweights of the American economy.
Being an entrepreneur, I always keep hearing about issues faced by startups and what you should do to make sure that you don't go into the red. So today I thought about trying out a few of my number processing skills with the Fortune 500 list, and the results were really interesting!
Here are some of the interesting ones:
- 50 out of 498 which reported their profit/loss figures were in a loss. That's about 10.04%
- Among the profitable ones, the average profit margin was 8.00%
- 122 out of 498 (one fourth – 24.5%) had a profit margins of less than 2%
- The combined revenue of all 500 was 10,737,356.8 million USD. To put it in perspective, it's about 8 times India's GDP, a little over twice that of China's, 3 quarters of that of the US, and 2000 times that of Rwanda!
- Corning has the highest profit margin – 54%
Here's the complete list, do let me know what do you think?