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Thursday, December 15, 2011

We decided to look at the profitability of US corporations that reported results in the third quarter of 2011.  To summarize the results, we took the total profits and divided it total revenues.  We grouped the results by A/D* office (a US government classification) in order to summarize our results.  There are about 1250 companies in our sample, and we filtered out A/D groups with less than 25 firms.  The two highest groups include SIC codes like Metal Mining (9), Beverages (9), Semiconductors (10), Electronic Components (10). 

Looking for firms that are above or below the average of their peer group could be valuable. 

* These codes are also used in the Division of Corporation Finance as a basis for assigning review responsibility for the company’s filings. For example, a company whose business was Metal Mining (SIC 1000) would have its filings reviewed by staffers in A/D Office 9.

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