Cash-Flow-to-Sales Ratio Increased in 2017. Profitability of the Austrian Manufacturing Sector
Klaus Friesenbichler (),
Werner Hölzl (),
Susanne Bärenthaler-Sieber and
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Susanne Bärenthaler-Sieber: Austrian Institute of Economic Research
Kerstin Hölzl: Austrian Institute for SME Research
WIFO Bulletin, 2018, vol. 23, issue 11, 96-106
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: Cash flow; Profitability; Equity; Austria (search for similar items in EconPapers)
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