BARCLAYS-从库存会计角度看关税引发的通胀对盈利能力的初步影响
2025-04-23 10:46
Equity Research 20 April 2025 Capital Goods - Chart of the Week #65 Initial impact of tariff-led inflation on profitability from inventory accounting perspective Profitability is impacted differently under different inventory costing methods. FIFO inflates margins amid price increases; WAC (& more rapid turnaround of inventories) likely reveals cost inflation impact faster. ABB, Signify in the former group; Andritz, Kion, Elextrolux, Siemens in the latter. Adoption of FIFO inflates margins amid price increa ...