Navigating SG&A Expenses: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding Selling, General, and Administrative (SG&A) expenses is crucial for assessing a company's operational efficiency. This analysis delves into the SG&A expenses of Accenture plc and ON Semiconductor Corporation from 2014 to 2023.

Accenture plc: A Steady Climb

Accenture's SG&A expenses have shown a consistent upward trend, growing by approximately 106% over the decade. Starting at around $5.4 billion in 2014, they reached a peak of $11.1 billion in 2023. This growth reflects Accenture's strategic investments in expanding its global footprint and enhancing service offerings.

ON Semiconductor: A Different Path

In contrast, ON Semiconductor's SG&A expenses have remained relatively stable, with a modest increase of about 68% from 2014 to 2023. This stability suggests a focus on cost control and operational efficiency, crucial for maintaining competitive advantage in the semiconductor industry.

The data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting and the need for continuous monitoring.