WERE WE
PROFITABLE?
Yes.
We generated substan-tial profit when most of our competitors did
not. |
 |
DID WE GAIN
SHARE?
Yes.
Staring into 2001 with 3.8% share, we made major progress toward our targeted
share objective of 5%. |
WAS CASH FLOW
POSITIVE?
Yes.
Our fundamentals showed strength amidst a difficult environment, as we
generated significant positive net operating cash flow. |
WAS OUR NET FINANCIAL DEBT
CORRECTLY MANAGED?
Yes. With our debt-to-equity ratio
below 0.1, we contin-ued to prudently manage our debt levels as a positive
strategic tool. |
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FOUR CRITERIA FOR A WELL-MANAGED
BUSINESS |
|
| |
Many companies succeed in boom
times, but a difficult environment always shines an exposing light on its true
fundamentals. No matter what the economic circumstances, well-managed companies
should be able to point to these four criteria as evidence of the strength of
their business strategies. In other words, at the end of a tough year, they can
answer these four questions with a clear "yes." Were we profitable? Did we gain
share? Is net operating cash flow positive? Was our net financial debt
correctly managed?
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