Sunvox

Assuming the following -

2019 revenue $43.000 billion
2019 profit estimate $3.884 billion
2019 payroll $7.774 billion x 1.054% = $8.194 bil
2018 PS $0.334 billion
Other Est. $0.250 billion


Step 1: total profit plus other plus last years PS : $3.884 +.250 + .334 =$4.468 billion
step 2 what is 6.9% of 43 billion : $43.000 billion x 0.069 = $2.97 billion
step 3 10% of that number is what : $2.97 x 10% = $297 million
step 4 what percentage of payroll is that : $297 million / $8.194 million = 3.62%
step 5 then how much at the 20% level : $4.468 billion - $2.97 billion = $1.498 bil
step 6 what is 20% of that number : $1.498 x 20% = $300 million
step 7 what percentage of payroll is that : $300 / $8194 = 3.66%

low estimate : 3.62% + 3.66% = 7.28%



Another pilot estimated profit would be $400 mil higher so -

Step 1 total profit plus other plus last years PS $3.884 + .650 + .334 = $4.868 billion
Step 2 what is 6.9% of 43 billion : $43.00 billion x 0.069 = $2.97 billion
step 3 10% of that number is what : $2.97 x 10% = $297 million
step 4 what percentage of payroll is that : $297 million / $8.194 million = 3.62%
step 5 then how much at the 20% level : $4.868 billion - $2.97 billion = $1.898 B
step 6 what is 20% of that number : $1.898 x 20% = $380 million
step 7 what percentage of payroll is that : $380 / 8194 = 4.63%

high estimate: 3.62% + 4.63 = 8.25%



Every $100 million increase in net profit is about a 0.25% increase in PS.

The company said PS is about 30% higher than last year: 5.5571% x 1.3 = 7.2242%.