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Item Factors

Operating 1.MultipleBusinesses
Income 2.Onetimeincomeandexpenses
3.Incomefromunspecifiedsources
4.Itemsinincomestatementthatare
volatile
TaxRate 1.Incomefrommultiplelocales
2.Differenttaxandreportingbooks
3.Headquartersintaxhavens
4.Volatileeffectivetaxrate
Capital 1.Volatilecapitalexpenditures
Expenditures 2.Frequentandlargeacquisitions
3.Stockpaymentforacquisitionsand
investments
Working 1.Unspecifiedcurrentassetsand
capital currentliabilities
2.Volatileworkingcapitalitems
Expected 1.Offbalancesheetassetsand
Growthrate liabilities(operatingleasesand
2.Substantialstockbuybacks
3.Changingreturnoncapitalover
4.Unsustainablyhighreturn
Costof 1.Multiplebusinesses
capital 2.Operationsinemergingmarkets
3.Isthedebtmarkettraded?
4.Doesthecompanyhavearating?
5.Doesthecompanyhaveoff
balancesheetdebt?
Your inputs
FollowupQuestion Answer Complexityscore
Numberofbusinesses(withmorethan10%ofreve 2 4
Percentofoperatingincome= 20% 1
Percentofoperatingincome= 15% 0.75

Percentofoperatingincome= 5% 0.25
Percentofrevenuesfromnondomesticlocales= 100% 3
YesorNo Yes 3
YesorNo Yes 3
YesorNo Yes 2
YesorNo Yes 2
YesorNo Yes 4

YesorNo Yes 4
YesorNo Yes 3
YesorNo Yes 2

YesorNo Yes 3
YesorNo Yes 3
Isyourreturnoncapitalvolatile? Yes 5
Isyourfirm'sROCmuchhigherthanindustryaver Yes 5
Numberofbusinesses(morethan10%ofrevenues) 2 2
Percentofrevenues= 30% 1.5
YesorNo Yes 0
YesorNo Yes 0

YesorNo No 0
ComplexityScore= 51.5