Who Optimizes SG&A Costs Better? Parker-Hannifin Corporation or Rentokil Initial plc

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of industrial and service sectors, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Parker-Hannifin Corporation and Rentokil Initial plc, two industry leaders, have shown distinct strategies over the past decade. From 2014 to 2023, Parker-Hannifin's SG&A expenses fluctuated, peaking in 2023 with a 105% increase from 2014. Meanwhile, Rentokil Initial's expenses saw a dramatic drop in 2019, reducing by 66% compared to 2018, before rising again in 2023. This suggests a strategic shift or operational efficiency. Notably, Parker-Hannifin's expenses in 2023 were nearly double their 2022 figures, indicating potential expansion or increased operational costs. In contrast, Rentokil's data for 2024 is missing, leaving room for speculation on their future strategy. These trends highlight the dynamic nature of cost management in global corporations.