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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. Better Customer Access: Business aviation provided SME companies better with access to customers and markets not conveniently accessible by other means of transportation, improving customer retention and securing new sources of revenue. These findings were supported through analysis of key financial performance metrics (Figure 1), which clearly show that the SME companies using business aviation outperformed nonusers. . Business aviation users were more successful at returning value to shareholders, with Total Return (stock price appreciation + dividends that was 245 percent higher than that of nonusers. . Operationally, users generated more income based on productivity and efficiency, outperforming in both EBITDA3 and Earnings (230 percent and 219 percent higher, respectively). . By maximizing output from their resources, users were able to provide superior Return on Assets, Return on Equity, and Asset Turnover (70 percent, 40 percent, and 21 percent higher, respectively). . Users were able to tap more new business opportunities, with 22 percent higher average revenue growth. . Investors rewarded the users for their business success. Market capitalization growth for users was 11 percent higher than nonusers. In fact, two of the three companies that “graduated” directly from the S&P SmallCap 600 to the S&P 500 index used business aircraft. In comparing users versus nonusers of business aviation, individual performance varied (Figure 2); but when taken as a group, users achieved higher scores across the board. In fact, there was not a single measure in which the users of business aviation trailed nonusers. This was particularly significant because it validated the premise that business aviation is associated with the key drivers of enterprise value. 中国公务机网 www.gongwuji.com 公务机翻译 www.aviation.cn 本文链接地址：BUSINESS AVIATION AN ENTERPRISE VALUE PERSPECTIVE 2005 - 2010(3) |
