Operational Costs Compared: SG&A Analysis of Shopify Inc. and ASE Technology Holding Co., Ltd.

A Tale of Two Companies: SG&A Expenses Over Time

In the ever-evolving landscape of global commerce, operational efficiency is paramount. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Shopify Inc. and ASE Technology Holding Co., Ltd., from 2014 to 2023.

Shopify Inc.: A Growth Story

Shopify, a leader in e-commerce solutions, has seen its SG&A expenses grow from a modest $57 million in 2014 to nearly $1.9 billion in 2022, reflecting its rapid expansion and increased market presence. This represents a staggering 3,300% increase over the period, underscoring Shopify's aggressive growth strategy.

ASE Technology: Steady and Strong

Conversely, ASE Technology, a titan in semiconductor manufacturing, has maintained a more stable trajectory. Its SG&A expenses rose from $13.7 billion in 2014 to a peak of $30.4 billion in 2022, a 122% increase, highlighting its consistent operational scale.

This comparative analysis offers a fascinating glimpse into how two distinct business models manage their operational costs over time.