From the course: Everyday Statistics, with Eddie Davila

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Measuring what's important in business

Measuring what's important in business

From the course: Everyday Statistics, with Eddie Davila

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Measuring what's important in business

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- [Narrator] What is the biggest US company? Well, it really depends on how you measure. First, let's look at some of the US companies that have the biggest revenues. That would be the amount of money they received during the year especially those from sales. Walmart, 500 billion dollars. Apple, 229 billion. Microsoft, 110 billion. Think about that. Walmart is at over 1.35 billion dollars in revenues per day but let's remember those are sales. That is not profit. So let's take a look at the companies with the largest reported profits in 2017. Only Apple and Berkshire Hathaway made both of the list of highest reported profits and highest reported revenues. If you divide Apple's profits by their revenue, you'll find that their profit margin was 21.1%. For every $100 they made in revenue, $21.10 were profit. On the other hand, Walmart's 500 billion dollars in revenues only provided 9.9 billion dollars in profits. For every $100 in revenue, they only had a profit of $1.98 and while…

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