Supply Chains to Admire 2023

Average Revenue (M$)

Return on Invested Capital

Year-over- Year Growth

Inventory Turns

Operating Margin 2013-2022

Fundamental Score

Price to Book Value

Number of Companies

Discrete Aerospace & Defense

25 26 33 12 26 18

$ $ $ $ $ $ $ $ $ $ $

17,914 2.7% 10,464 6.7%

5.05 2.66 7.09 6.90 5.77 4.39 6.30 4.50 5.63 2.58

8.4%

9.5%

7.34 8.00 8.10 7.41 6.49 7.81 6.40 8.26 7.55 8.16 7.74 7.10

3.13 3.83 2.44 7.00 2.08 2.41 1.49 8.26 3.45 4.17 4.36 2.05 1.57 1.91

Apparel

10.5% 10.1%

12.6%

Automotive Aftermarket

12,369 97,798

4.4% 1.4%

8.4% 5.8% 5.9% 7.6% 5.6% 9.1% 14%

Automotive

6.7% 0.0% 9.4% 3.8% 13% 5.2%

Industry Summary

B2B Technologies Consumer Durables

41,822 3.2% 14,791 2.0% 8,953 3.8% 16,759 13.2% 2,119 6.86%

Contract Manufacturing Diversified Industries

9

28 14 26 28 17

Furniture

Medical Device Semiconductor

7,909

18.14% 16.3% 12.2%

18.1% 16.3% 12.2%

10.9% 11.5% 11.1%

16,220 19,190 $

11.48

Telecommunications

8.22 7.06 3.50

Tires

4

$ $

21,250 8.2% 23,442 8.1%

8.2% 8.1%

5.7% 6.9%

5.8

Trucks and Heavy Equipment

18

7.46

8% winners

Number of Companies

Improvement Score Cut off

Discrete Industry

Winners

Winners

3 Northrop Grumman, Huntington Ingalls Industries, Lockheed Martin,

A&D

25 26 30 12 26

17 17 22

Apparel Manufacturers Automotive Aftermarket

2 Deckers Outdoors, Nike

1 BorgWarner

Automotive

8

1 Toyota 1 Apple

B2B Technology Contract Packaging Consumer Durable Diversified Industries

17

9

6

0

18 28

12 19

2 Assa Abloy, Toro

Analysis Summary

2 Hubbell, Rockwell Automation 3 Intuitive Surgical, ResMed, West Pharmaceutical 2 Leggett & Platt, Tempur Sealy

Medical Device

26 14 28 17

17

Furniture

9

Semiconductor

19 11

2 NVIDIA, TSMC

Telecommunications

0 0

Tires

4

3

Trucks and Heavy Equipment

18

12

3 Cummins, Paccar, and United Tractors

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