2009 Connector Industry Yearbook

Abstract

Each year, Bishop & Associates prepares the Connector Industry Yearbook based on annual reports provided by publicly traded connector companies. Income statements and balance sheets are consolidated for the past ten (10) years, (5) years, and most current year, providing benchmarks on the industry and the overall performance of the public connector companies. Featured in each issue are:

Consolidated history of the public companies including:

• Key Financial Measurements (1998-2008)
• Balance Sheet $ (1998-2008)
• Income Statement $ (1998-2008)
• Balance Sheet percent (1998-2008)
• Income Statement percent (1998-2008)

Fifteen-year history of performance by company, with industry averages for the following financial measurements:

• Selected Connector Manufacturers
• Selling, General, & Administrative percent (1994-2008)
• Net Income percent (1994-2008)
• Return on Assets (1994-2008)
• Long Term Debt/Equity (1994-2008)
• Accounts Receivables Turnover (1994-2008)
• Inventory Turns (1994-2008)
• Cost of Goods Sold percent (1994-2008)
• COGS + SG&A percent (1994-2008)
• Current Ratio (1994-2008)
• Return on Equity (1994-2008)
• Liabilities to Equity (1994-2008)
• Average Collection Period (1994-2008)
• Days Inventory (1994-2008)

A chronological description of important 2008 industry events.

Organizational structure of the public companies included in the Yearbook, including profiles and photographs, when available, of the personnel managing these companies.

2009 Yearbook Company Consolidated Sales

The following table provides consolidated fiscal year sales for public companies included in the 2009 Connector Industry Yearbook.

Net Income

Profits for the Electronic Connector Industry increased in 2008 with average net income of 12.0 percent of sales, compared with 8.0 percent in 2007.

The lowest net income as a percent of sales occurred in 2002 at 3.2 percent. Between 1999 and 2003, net income decreased from 6.6 percent of sales in 1999 to 4.7 percent of sales in 2003. Between 2004 and 2008, net income increased from 6.7 percent of sales in 2004 to 9.5 percent of sales in 2008.

The following chart provides a history of net income for the Connector Industry from 1994-2008.

Cost-of-Goods Sold (COGS)

COGS increased in the five years between 1999 and 2003 from 65.4 percent of sales to 75.6 percent. Between 2004 and 2008, COGS increased from 73.2 percent to 75.1 percent.

In the fifteen-year period between 1994 and 2008, COGS was at its lowest in 1997 at 64.5 percent and reached its highest level in 2002 at 76.2 percent. Between 1999 and 2008, COGS increased from 65.4 percent to 75.1 percent.

Selling, General & Administrative (SG&A)

For the five-year period 2004 to 2008, SG&A decreased from 15.7 percent to 11.9 percent. Between 1999 and 2003 SG&A decreased from 20.2 percent in 1999 to 16.2 percent in 2003. SG&A dropped between 1994 and 2008 from 20.3 percent to 11.9 percent.

Average SG&A for the five-year period 2004 to 2008 was 14.2 percent and the average for the ten-year period 1999 to 2008 was 15.9 percent.

Return on Assets

Return on Assets increased for the five-year period between 2004 and 2008 from 6.6 percent in 2004 to 8.1 percent in 2008. Between 1999 and 2003, Return on Assets decreased from 5.7 percent in 1999 to 4.5 percent in 2003.

Return on Assets was the highest in 1996 at 7.9 percent and the lowest in 2002 at 2.9 percent.