Cash-Flow-to-Sales Ratio Unchanged in 2015. Profitability of Austrian Manufacturing
Klaus Friesenbichler (),
Werner Hölzl () and
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Kerstin Hölzl: Austrian Institute for SME Research
WIFO Bulletin, 2016, vol. 21, issue 14, 136-145
In 2015, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 8.5 percent, a value which is slightly below the previous year's ratio of 8.6 percent. This marginal decrease of the profitability of manufacturing reflects the moderate growth performance of the manufacturing sector, which attained by a mere +1.3 percent in both 2014 and 2015. According to further estimates of a dynamic, panel-econometric model at the industry level, the cash-flow-to-sales ratio in manufacturing continued its sideward movement in 2016.
Keywords: Cash flow; Profitability; Equity; Austria (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wblltn:y:2016:i:14:p:136-145
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