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Electronic Systems Technology, Inc., doing business as ESTeem Wireless Modems, designs, develops, manufactures, and markets industrial wireless products and accessories in the United States and intern...
The following section summarizes insights on Electronic Systems Technology Inc's Cost of Revenue CAGR (7y):
We've identified the following companies as similar to Electronic Systems Technology Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Cost of Revenue CAGR (7y) in the growth category include:
Seven-year compound annual growth rate in cost of revenue.
Cost of Revenue CAGR (7y) measures the seven-year compound annual growth rate in Cost of Goods Sold.
Compound annual growth rate (CAGR) is a commonly used business and investing term that measures the growth of a metric over multiple periods. CAGRs are useful since they reduce the effect of volatility in specific periods, unlike arithmetic means.
You can find the calculation details for Electronic Systems Technology’s Cost of Goods Sold CAGR outlined below. The calculation starts by listing values for Cost of Goods Sold for the last eight fiscal years that are required to calculate CAGR:
| Fiscal Year | Cost of Goods Sold | YoY Growth |
|---|---|---|
| 2016-12-31T00:00:00.000Z | 702.745 T | |
| 2017-12-31T00:00:00.000Z | 654.673 T | −6.8% |
| 2018-12-31T00:00:00.000Z | 685.777 T | 4.8% |
| 2019-12-31T00:00:00.000Z | 685.544 T | 0.0% |
| 2020-12-31T00:00:00.000Z | 627.927 T | −8.4% |
| 2021-12-31T00:00:00.000Z | 765.01 T | 21.8% |
| 2022-12-31T00:00:00.000Z | 896.038 T | 17.1% |
| 2023-12-31T00:00:00.000Z | 758.871 T | −15.3% |
Using the values for Cost of Goods Sold listed in the table above, we can calculate three-year Cost of Goods Sold CAGR as follows:
Number of years = 7
Multiplier = $758.871 T / $702.745 T = 1.08
7 Year CAGR = 1.08 ^ (1/7) - 1 = 1.1%
Growth calculations are always made in the company’s reporting currency to ensure currency fluctuations do not impact the calculation. Electronic Systems Technology’s reports in the USD currency. You can read more about Cost of Goods Sold here and compound annual growth rate on Wikipedia. You may also find variants three-year Cost of Goods Sold CAGR, and five-year Cost of Goods Sold CAGR useful.
The chart above depicts the distribution of cost of revenue cagr (7y) for companies operating in the Information Technology sector in the Developed economic region. Over 3,350 companies were considered in this analysis, and 1,535 had meaningful values. The average cost of revenue cagr (7y) of companies in the sector is 5.1% with a standard deviation of 10.2%.
Electronic Systems Technology Inc's Cost of Revenue CAGR (7y) of 1.1% ranks in the 34.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,355 |
| Included Constituents | 1,535 |
| Min | -21.8% |
| Max | 33.4% |
| Median | 4.1% |
| Mean | 5.1% |
| Standard Deviation | 10.2% |
You can find companies with similar cost of revenue cagr (7y) using this stock screener.