its success. These percentages should be carefully monitored over the next several periods to ensure that the company is able to halt the severe decline in its profits as compared to its dropping sales revenue.
Income as a percentage of total production stood at 2.7 percent in 1993. This is down from 4.5 percent in 1992, 5.7 percent in 1991 and 6.0 percent in 1990. Taken as a whole, this progression suggests that the company needs to sharpen its internal management, a view which is supported by the company's nominal performance, as well.
Earnings per share is another common measurement of interest to current and potential investors. Earnings per share in 1993 were 28.66 DM, down from 40.45 DM in 1992 and 43.77 DM in 1991. This represents a decrease of 30 percent from 1992 to 1993, and of 35 percent from 1991 to 1993. This is a significant loss to stockholders, although total stockholder equity increased over the same period.
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