J&J's Financials and CEOs
Posted by Robin Helweg-Larsen on Wed, Feb 22, 2012 @ 09:49 AM
Johnson & Johnson is the butt of jokes because of the announcement about their new CEO. As David Shaywitz says, writing in Forbes: "J&J is replacing their current CEO William Weldon (athletic white male and former sales rep who rose through the commercial organization) with Alex Gorsky (athletic white male and former sales rep who rose through the commercial organization)." Shaywitz wonders if innovation can come from people like this, but notes that it's not unusual in the industry.
J&J's financials are not bad, though. Nothing for the outgoing CEO to be ashamed of. Here they are in Visual Finance:
Approx $13bn in profit, on $60-something bn in sales. Not bad. No real debt. Fairly slow-paying customers, but cash flow doesn't look like a problem at all. Add the basic ratios in, and it confirms it:
Good job, Mr. Weldon!
Robin Helweg-Larsen, President, Andromeda Training, Inc.
'Visual Finance' is available as a free app for iPad; a $7.99 upgrade gives you access to many years of the financial statements of 450 publicly traded companies.
Andromeda Training provides classroom training in business acumen, using the same visual methodology in its Income/Outcome boardgame format.