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Oil & Gas – SG&A Expense Reduction

VCFO

Oil & Gas Business Focus – Planning for Rapid SG&A Expense Reduction Oil & Gas vets can likely recall where they were in 2015 when oil prices plummeted from $125 to $40 and in 2020 when prices went negative, dropping from $40 all the way down to -$40. SG&A expenses must be reduced immediately. Payroll must be cut.

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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations in 2020. Figure 1: Which SG&A functions will likely have their budget cut by more than 10% in 2020?

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10 KPIs to Track Business Performance

The Finance Weekly

SG&A Ratio If you want to reduce expenses, consider analyzing your Selling, General, and Administrative (SG&A) Ratio. In general, a lower SG&A ratio is preferable, indicating more efficient cost management. Calculation: Divide total SG&A expenses by total sales to get the SG&A ratio 10.

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Telcos may go slow on capex from next fiscal

CFO News

The telecom operators could be moving towards a slowdown in capital expenditure, after the selling, general and administration (SG&A) costs tapered in the fourth quarter of fiscal 2023, analysts said.

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Training Module: CS Lucas Cash Forecasting (SEA) – Register here

CS Lucas

In this webinar, Tsen Siew, our senior application specialist, will cover the following topics using the CS Lucas system: Cash forecasting How to view cash projection How to maintain cash positions How to maintain cash forecasting Rolling forecast Scenario planning 13th April, Thursday @ 3PM (SG/ PH) on Zoom The post Training Module: CS Lucas Cash (..)

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Google Closes Stadia Game Studios To Focus On Tech, Partnerships

PYMNTS

Google will be winding down new content from its Stadia game studio, Stadia Games and Entertainment (SG&E), according to a blog post from the tech giant, in order to help the Stadia platform on other goals. Google said in the post that much of the SG&E team will be moved to other projects in the coming months.

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CFOs to face EBITDA margins challenges, Gartner says

Future CFO

Small or midsize margin-tight companies may struggle to cover interest expenses and become “zombie” companies confronting the prospect of bankruptcy or acquisition.