Selling, General, and Administrative Costs: Avery Dennison Corporation vs Allegion plc

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

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. This chart provides a fascinating comparison between Avery Dennison Corporation and Allegion plc from 2014 to 2023. Over this period, Avery Dennison consistently outpaced Allegion in SG&A expenses, with an average of approximately 1.15 billion USD annually, compared to Allegion's 643 million USD.

Interestingly, while Avery Dennison's SG&A expenses peaked in 2022 at 1.33 billion USD, Allegion saw its highest expenses in 2023, reaching 866 million USD. This trend suggests a strategic shift in Allegion's operational spending, possibly indicating expansion or restructuring efforts. Meanwhile, Avery Dennison's expenses show a more stable trajectory, reflecting consistent operational strategies.

These insights offer a window into the financial strategies of these two industry players, highlighting the dynamic nature of corporate financial management.