Who Optimizes SG&A Costs Better? Fiserv, Inc. or ASE Technology Holding Co., Ltd.

Optimizing SG&A Costs: A Comparative Analysis

In the competitive landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This analysis delves into the SG&A cost optimization strategies of two industry giants: Fiserv, Inc. and ASE Technology Holding Co., Ltd., over the past decade.

A Decade of Financial Strategy

From 2014 to 2023, ASE Technology Holding Co., Ltd. consistently reported higher SG&A expenses compared to Fiserv, Inc. However, the trend reveals a strategic shift. ASE's SG&A expenses grew by approximately 90%, peaking in 2022, while Fiserv's expenses increased by about 575%, indicating aggressive expansion or investment strategies.

Strategic Insights

Despite ASE's larger absolute expenses, Fiserv's rapid growth in SG&A costs suggests a focus on scaling operations. Investors and analysts should consider these trends when evaluating the companies' financial health and strategic priorities.