Remove the oil companies and you mostly have a list of rent seekers ready for massive disruption.
What industry has the highest revenue per employee?
41–50 of 132 posts
Re: What industry has the highest revenue per employee?
#42Not a fan of Revenue Per Employee as a measure of operating efficiency. It would be much more telling to evaluate net earnings per employee: Net Earnings Per Employee: Valero: $365,452 [1][2] Apple: $766,800 [3][4] [1] https://www.statista.com/statistics/531676/valero-energy-cor... [2] https://finance.yahoo.com/quote/VLO/financials?p=VLO [3] https://www.apple.com/job-creation/ [4] https://finance.yahoo.com/quote/AAPL…
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee.
As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line.
Now, I assume what you are really arguing is that loads of Foxconn contractors should increase the denominator in the "per employee" part of the equation. But that's why profit is a better metric, because if you look at profit per employee of Foxconn, you'd see it is much, much lower than Apple.
Re: What industry has the highest revenue per employee?
#43So the _average_ energy company has twice as high RPE as Google? That's unexpected...
If Google disappeared tomorrow nothing would be tragically different after a year or so of adjustment.
Without the energy companies we'd be in Mad Max mode for decades...
Re: What industry has the highest revenue per employee?
#44Multiple HFT companies would be top 10 on that list.
Neither of the two major publicly traded HFT firms would have made the top 10 if they were in the S&P 500.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001592386/f7d31d31...
https://www.flowtraders.com/system/files/downloads/Flow%20Tr...
I can imagine some smaller firms making the list. Did you have any specific ones in mind?
Re: What industry has the highest revenue per employee?
#45Earlier quoted context omitted.
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee. As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line. Now, I assume what you…
Tbf, those are trivially not mathematically equivalent (even taking profit instead of revenue). Suppose each contracted worker cost $1/yr in salaries, and there were 1000 contractors/1000 in-house employees. Then without including contractors, the profit per employee is (X-1000)/1000 ~ X/1000, while including it is (X-1000)/2000 ~ X/2000, much lower. Including or not contractors does have a potentially large difference.
Re: What industry has the highest revenue per employee?
#46Earlier quoted context omitted.
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Ok, I'll bite. Care to name a hardware company that doesn't use parts from Foxconn?
That doesn't make it less true.
Re: What industry has the highest revenue per employee?
#47I'm guessing it would be one of the professional sports leagues.
Re: What industry has the highest revenue per employee?
#48Earlier quoted context omitted.
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee. As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line. Now, I assume what you…
Why should I believe that the statistic does include foxconn workers? I'm asking this sincerely.
Re: What industry has the highest revenue per employee?
#49Not a fan of Revenue Per Employee as a measure of operating efficiency. It would be much more telling to evaluate net earnings per employee: Net Earnings Per Employee: Valero: $365,452 [1][2] Apple: $766,800 [3][4] [1] https://www.statista.com/statistics/531676/valero-energy-cor... [2] https://finance.yahoo.com/quote/VLO/financials?p=VLO [3] https://www.apple.com/job-creation/ [4] https://finance.yahoo.com/quote/AAPL…
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Ooh, now make the same argument for Valero and all the externalities that come with the petrol market!
Re: What industry has the highest revenue per employee?
#50Earlier quoted context omitted.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee. As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line. Now, I assume what you…
Why should I believe that the statistic does include foxconn workers? I'm asking this sincerely.
They mean that what Apple pays to Foxconn reduces Apple's profit, but does not reduce Apple's revenue. Profit accounts for the cost of subcontracting.