Comparing SG&A Expenses: Avery Dennison Corporation vs ZTO Express (Cayman) Inc. Trends and Insights

SG&A Expenses: A Tale of Two Companies

In the ever-evolving landscape of global business, understanding the financial health of companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Avery Dennison Corporation and ZTO Express (Cayman) Inc., from 2014 to 2023.

Avery Dennison Corporation

Avery Dennison, a leader in labeling and packaging materials, has shown a relatively stable trend in SG&A expenses over the years. Despite a slight dip in 2019 and 2020, the company rebounded with a 25% increase by 2022, reaching its peak in this period.

ZTO Express (Cayman) Inc.

ZTO Express, a major player in the logistics sector, has experienced a dramatic rise in SG&A expenses, with a staggering 354% increase from 2014 to 2023. This growth reflects the company's aggressive expansion and adaptation to the booming e-commerce market in China.

Insights

While Avery Dennison maintains a steady course, ZTO Express's rapid growth highlights the dynamic nature of the logistics industry. Investors and analysts should consider these trends when evaluating potential opportunities in these sectors.