Cash-Flow-to-Sales Ratio 2016 Remains Stable at a High Level. Profitability of Austrian Manufacturing Sector

Klaus Friesenbichler, Werner Hölzl and Kerstin Hölzl
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Kerstin Hölzl: Austrian Institute for SME Research

WIFO Bulletin, 2017, vol. 22, issue 13, 123-132

Abstract: In 2015, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.2 percent, exceeding the previous year's ratio of 8.4 percent. The ratio is likely to have remained at that level in 2016. This increase in manufacturing profitability is due to the sector's sound economic growth performance. The sector's value added growth rate amounted to 1.7 percent in 2016 and 1.8 percent in 2015. According to further estimates of a dynamic, panel-econometric model at industry level, the cash-flow-to-sales ratio in manufacturing will continue its upward movement in 2017.

Keywords: Austria; Cash flow; Equity; Profitability (search for similar items in EconPapers)
Date: 2017
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