A Decade of SG&A: Accenture vs. Garmin

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. Over the past decade, Accenture plc and Garmin Ltd. have showcased contrasting trajectories in their SG&A expenditures.

Accenture's Ascendancy

From 2014 to 2023, Accenture's SG&A expenses have surged by approximately 100%, reflecting its aggressive expansion and strategic investments. By 2023, Accenture's SG&A costs reached a peak, nearly doubling from its 2014 figures. This growth underscores Accenture's commitment to scaling its operations and enhancing its market presence.

Garmin's Steady Course

Conversely, Garmin Ltd. has maintained a more conservative approach, with its SG&A expenses increasing by around 95% over the same period. Despite this steady rise, Garmin's expenses remain significantly lower than Accenture's, highlighting its focus on cost efficiency and targeted growth strategies.

The data for 2024 is incomplete, offering a glimpse into the future but leaving room for speculation.