Cash-Flow-to-Sales Ratio Increased in 2017. Profitability of the Austrian Manufacturing Sector

Klaus Friesenbichler, Werner Hölzl, Susanne Bärenthaler-Sieber and Kerstin Hölzl
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Susanne Bärenthaler-Sieber: WIFO
Kerstin Hölzl: Austrian Institute for SME Research

WIFO Bulletin, 2018, vol. 23, issue 11, 96-106

Abstract: In 2016, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 10.0 percent, a value higher than the previous year's ratio of 9.4 percent. The ratio should have further increased to 11.0 percent in 2017. The rising profit-ability ratio of manufacturing corresponds with sound economic growth performance of the sector. Its real value-added growth rate amounted to 1.3 percent in 2016 and 6.7 percent in 2017, respectively. According to additional estimates of a dynamic panel-econometric model at the industry level, the cash-flow-to-sales ratio in manufacturing will continue its up-ward trend in 2018.

Keywords: Austria; Cash flow; Equity; Profitability (search for similar items in EconPapers)
Date: 2018
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