Final USITC Report on Chinese Quartz Imports June 2019 | Page 195

SG&A expenses and operating income or (loss)
As shown in table VI-7, the SG&A expense ratio (i.e., total SG&A expenses divided by
total net sales value) for integrated operations and independent fabricators ranged from ***
percent (in 2015) to *** percent (in 2017), and from *** percent (in 2015) to *** percent (in
interim 2018), respectively. The average unit SG&A expenses for integrated operations and
independent fabricators increased from 2015 to 2017. The average unit SG&A expenses for
integrated operations were lower between the comparable interim periods while the average
unit SG&A expenses for independent fabricators were higher. Independent fabricators reported
higher average unit SG&A expenses compared to integrated operations throughout the
reporting period.
On a company-specific basis, ***. 17
17
***. Emails from ***, April 9 and 11, 2019. ***. ***’s posthearing brief, pp. 10-11.
VI-21