Who Optimizes SG&A Costs Better? Taiwan Semiconductor Manufacturing Company Limited or Salesforce, Inc.

TSMC vs. Salesforce: Who Manages SG&A Costs Better?

__timestampSalesforce, Inc.Taiwan Semiconductor Manufacturing Company Limited
Wednesday, January 1, 2014276485100024020800000
Thursday, January 1, 2015343703200022921900000
Friday, January 1, 2016395144500025696400000
Sunday, January 1, 2017477700000027169200000
Monday, January 1, 2018576000000026253700000
Tuesday, January 1, 2019741000000028085800000
Wednesday, January 1, 2020963400000035570400000
Friday, January 1, 20211176100000044488200000
Saturday, January 1, 20221445300000063445300000
Sunday, January 1, 20231607900000071464000000
Monday, January 1, 20241541100000096889000000
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Optimizing SG&A Costs: A Tale of Two Giants

In the ever-evolving landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This analysis pits two industry titans against each other: Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Salesforce, Inc. Over the past decade, TSMC has consistently outperformed Salesforce in optimizing SG&A costs. From 2014 to 2023, TSMC's SG&A expenses grew by approximately 197%, while Salesforce's expenses surged by around 481%.

A Decade of Financial Strategy

TSMC's strategic approach has kept its SG&A expenses relatively stable, with a compound annual growth rate (CAGR) of about 8%. In contrast, Salesforce's expenses have grown at a CAGR of nearly 20%, reflecting its aggressive expansion strategy. As we look to 2024, TSMC's SG&A expenses are projected to reach nearly 9.7 times those of Salesforce, highlighting the stark differences in their financial management strategies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025