Operational Costs Compared: SG&A Analysis of II-VI Incorporated and Nokia Oyj

A Comparative Analysis of SG&A Expenses: II-VI Incorporated vs. Nokia Oyj

In the ever-evolving landscape of global technology, operational efficiency is paramount. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: II-VI Incorporated and Nokia Oyj, from 2014 to 2023. Over this period, Nokia consistently outspent II-VI in SG&A, with expenses peaking in 2016 at nearly 3.8 billion USD, a staggering 130% more than II-VI's highest recorded expenses in 2023. However, II-VI's SG&A expenses have shown a remarkable upward trend, increasing by over 650% from 2014 to 2023. This growth reflects II-VI's aggressive expansion and strategic investments. Meanwhile, Nokia's expenses have stabilized, indicating a focus on optimizing operational costs. This comparative insight highlights the contrasting strategies of these tech titans in managing their operational expenditures.