Taiwan Semiconductor Manufacturing Company Limited or Block, Inc.: Who Manages SG&A Costs Better?

TSMC vs. Block: A Decade of SG&A Cost Management

__timestampBlock, Inc.Taiwan Semiconductor Manufacturing Company Limited
Wednesday, January 1, 201420679700024020800000
Thursday, January 1, 201528908400022921900000
Friday, January 1, 201642586900025696400000
Sunday, January 1, 201750372300027169200000
Monday, January 1, 201875039600026253700000
Tuesday, January 1, 2019106108200028085800000
Wednesday, January 1, 2020168887300035570400000
Friday, January 1, 2021260051500044488200000
Saturday, January 1, 2022374480000063445300000
Sunday, January 1, 2023422819900071464000000
Monday, January 1, 202496889000000
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Cracking the code

Who Manages SG&A Costs Better: Taiwan Semiconductor vs. Block, Inc.

In the ever-evolving landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Block, Inc. (formerly Square) offer a fascinating study in contrasts. From 2014 to 2023, TSMC's SG&A expenses have surged by approximately 198%, reflecting its expansive growth and market dominance. In contrast, Block, Inc. has seen a staggering 1,944% increase in the same period, indicative of its aggressive expansion strategy.

While TSMC's SG&A expenses reached a peak of around $71 billion in 2023, Block, Inc. managed to keep its costs significantly lower, peaking at about $4.2 billion. This disparity highlights the different scales and operational strategies of these two giants. However, the absence of 2024 data for Block, Inc. leaves room for speculation on its future cost management strategies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025