At Tuthill we have an annual goal of growing revenue by 20% year over year while being a Top 1% manufacturer. What does this mean? Simply stated, we want to grow profitably.
20% year-over-year growth is not about the number, but how we use our healthy marketing bridge to generate outstanding and sustainable growth.
Top 1% operation uses Earns and Turns (E&T) as a measuring stick of our profitability against other manufacturers. We gather readily available information to calculate the E&T ratio, which is defined as EBITDA divided by Operating Working Capital. This internal benchmark allows us to focus on whether we are improving compared to our Top 1% Company peers.
This combination of 20% growth and Top 1% operations is a simple strategy for creating sustainable, profitable growth.
Whether it is your own organization or one that you know of that would like to be part of Tuthill's like-hearted legion, please contact Dave Groeber.