Big companies will ever become truly global
RankingThese are the most profitable corporations in the world
The business magazine "Fortune" has been measuring the success of companies by their turnover since 1990. He decides on the order in the annual global ranking "Global 500". But even in 2020 it becomes clear that sales and profits are two completely different shoes.
Of the ten companies with the highest turnover in the world, only one makes it into the top 10 in terms of profit. In terms of profit, even a group in 58th place can outperform champions such as Walmart, Volkswagen and Amazon.
However, profit is partly of a very theoretical nature. Warren Buffett found that again in fiscal year 2019. According to "Fortune", these are the ten most profitable companies in the world.
# 10 Bank of America
Bank of America opens the top 10 Fortune Global 500 companies with the highest profit. According to the ranking, it generated a profit of $ 27.4 billion in fiscal year 2019, which ended in March 2020. That was 2.5 percent less than in the previous year. In terms of turnover, the financial institution was ranked 58th worldwide and thus also brought up the rear in these top 10.
# 9 Agricultural Bank of China
The Agricultural Bank of China only ranks 35th in terms of sales worldwide. In terms of profit, however, 30.1 billion dollars (plus 0.1 percent) are ninth in an international comparison.
# 8 alphabet
For a long time it was doubted whether Google would ever make money. In the 2019 financial year, however, the parent company Alphabet generated the world's eighth highest profit according to "Fortune": $ 34.3 billion, 11.7 percent more than in the previous year. Revenue increased 18.3 percent to $ 161.9 billion. That was by far the biggest increase in the profit ranking.
# 7 JP Morgan Chase
Profit margins are high in banking. Every second company in the top 10 is a bank. JP Morgan Chase is in seventh place. The financial institution increased profits according to "Fortune" by 12.2 percent to 36.4 billion dollars. In terms of sales, JPMorgan Chase was ranked 38th worldwide with 142.4 billion.
# 6 China Construction Bank
Three Chinese banks have made it into the top ten most profitable companies in the world. The China Construction Bank succeeded with a profit of 38.6 billion dollars (plus 0.3 percent). In terms of turnover, the financial institution was only 39th worldwide with 158.9 billion dollars.
# 5 Microsoft
Microsoft is the second lowest revenue company in this ranking. In the "Fortune Global 500", $ 125.8 billion was only enough for 47th place. In terms of profit, however, Microsoft advanced to fifth place. The software group increased its earnings in fiscal year 2019 by 136.8 percent to 39.2 billion dollars. That was the second highest increase in the top 10 behind Alphabet.
# 4 Industrial & Commercial Bank of China
The Industrial & Commercial Bank of China is the most profitable banking house in the world. "Fortune" put their profit at 45.2 billion dollars (plus 0.4 percent). In terms of sales, the state-owned company ranked 24th with $ 177.1 billion.
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