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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: knighttof3   😊 😞
Number: of 22989 
Subject: Re: Buffett interview 2019. BRK vs SPY
Date: 07/21/23 6:17 PM
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No. of Recommendations: 2
Profits can rise faster than sales if RoS keeps rising.
Intuitively, more modern firms have a higher net margin than the older firms.
Historically, also true. I took data from multpl.com P/E (by month) and P/S (by quarter); and massaged it align dates (add a day to P/S date to get the corresponding P/E date).
Although it is quite bumpy, RoS does seem to be rising steadily for the last 22 years:

Date P/S P/E RoS
07/01/2023 2.54 25.8 9.85%
04/01/2023 2.34 23.9 9.81%
01/01/2023 2.19 22.9 9.55%
10/01/2022 2.09 20.4 10.20%
07/01/2022 2.28 20.5 11.10%
04/01/2022 2.8 22.4 12.50%
01/01/2022 3.04 23.1 13.20%
10/01/2021 2.85 24.4 11.70%
07/01/2021 2.94 26.6 11.10%
04/01/2021 2.85 29.9 9.53%
01/01/2021 2.76 36 7.68%
10/01/2020 2.47 35.3 7.00%
07/01/2020 2.26 32.4 6.97%
04/01/2020 1.83 25 7.33%
01/01/2020 2.28 24.9 9.16%
10/01/2019 2.14 22 9.71%
07/01/2019 2.13 22.3 9.56%
04/01/2019 2.08 21.6 9.65%
01/01/2019 1.87 19.6 9.54%
10/01/2018 2.2 21.2 10.40%
07/01/2018 2.1 22.3 9.40%
04/01/2018 2.1 22.5 9.32%
01/01/2018 2.17 25 8.69%
10/01/2017 2.09 23.7 8.83%
07/01/2017 2.04 23.4 8.73%
04/01/2017 2.02 23.2 8.69%
01/01/2017 1.95 23.6 8.27%
10/01/2016 1.9 23.6 8.06%
07/01/2016 1.86 24.5 7.59%
04/01/2016 1.83 24 7.63%
01/01/2016 1.81 22.2 8.16%
10/01/2015 1.69 22.7 7.45%
07/01/2015 1.8 22.4 8.04%
04/01/2015 1.79 21.4 8.36%
01/01/2015 1.77 20 8.84%
10/01/2014 1.71 18.5 9.24%
07/01/2014 1.72 19 9.07%
04/01/2014 1.66 18.4 9.05%
01/01/2014 1.66 18.1 9.15%
10/01/2013 1.51 17.9 8.45%
07/01/2013 1.45 18.1 8.00%
04/01/2013 1.43 17.7 8.08%
01/01/2013 1.31 17 7.69%
10/01/2012 1.34 16.6 8.06%
07/01/2012 1.27 15.6 8.17%
04/01/2012 1.32 15.7 8.41%
01/01/2012 1.19 14.9 8.00%
10/01/2011 1.1 13.9 7.93%
07/01/2011 1.31 15.6 8.39%
04/01/2011 1.35 16.2 8.33%
01/01/2011 1.31 16.3 8.04%
10/01/2010 1.21 15.9 7.61%
07/01/2010 1.11 15.7 7.06%
04/01/2010 1.27 19 6.68%
01/01/2010 1.23 20.7 5.94%
10/01/2009 1.17 42.1 2.78%
07/01/2009 0.97 102 0.95%
04/01/2009 0.8 120 0.67%
01/01/2009 0.87 70.9 1.23%
10/01/2008 1.08 27.2 3.97%
07/01/2008 1.19 25.4 4.69%
04/01/2008 1.26 23.9 5.28%
01/01/2008 1.43 21.5 6.66%
10/01/2007 1.52 20.7 7.35%
07/01/2007 1.52 18.4 8.28%
04/01/2007 1.47 17.5 8.41%
01/01/2007 1.49 17.4 8.58%
10/01/2006 1.43 17.1 8.34%
07/01/2006 1.38 16.6 8.31%
04/01/2006 1.44 17.8 8.10%
01/01/2006 1.43 18.1 7.91%
10/01/2005 1.44 17.6 8.16%
07/01/2005 1.44 19 7.58%
04/01/2005 1.46 19 7.68%
01/01/2005 1.54 20 7.70%
10/01/2004 1.47 19.2 7.64%
07/01/2004 1.54 19.5 7.89%
04/01/2004 1.55 21.2 7.30%
01/01/2004 1.56 22.7 6.86%
10/01/2003 1.43 24.8 5.78%
07/01/2003 1.42 27.6 5.14%
04/01/2003 1.25 28.1 4.46%
01/01/2003 1.3 31.4 4.14%
10/01/2002 1.17 29.2 4.00%
07/01/2002 1.39 32.5 4.28%
04/01/2002 1.6 43.8 3.65%
01/01/2002 1.56 46.2 3.38%
10/01/2001 1.41 39.7 3.55%
07/01/2001 1.64 35.5 4.62%
04/01/2001 1.54 28 5.51%
01/01/2001 1.77 27.6 6.42%
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Members reply directly to knighttof3 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 22,499 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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