Cost Accounting – After Hours http://after-hours.org/ Mon, 17 Jan 2022 02:40:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.3 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png Cost Accounting – After Hours http://after-hours.org/ 32 32 Electric vehicle ‘cost puzzle’ looms as lithium prices soar https://after-hours.org/electric-vehicle-cost-puzzle-looms-as-lithium-prices-soar/ Mon, 17 Jan 2022 02:01:13 +0000 https://after-hours.org/electric-vehicle-cost-puzzle-looms-as-lithium-prices-soar/ Electric vehicle affordability is poised to hit a speed bump on its descent down the cost curve, as global demand for battery-grade lithium begins to outstrip supply, driving up prices of the key ingredient in clean transport and clean energy transitions. After a decade of falling prices, battery-grade lithium costs are ‘on the verge of […]]]>

Electric vehicle affordability is poised to hit a speed bump on its descent down the cost curve, as global demand for battery-grade lithium begins to outstrip supply, driving up prices of the key ingredient in clean transport and clean energy transitions.

After a decade of falling prices, battery-grade lithium costs are ‘on the verge of skyrocketing’, Rystad Energy research says, posing the threat of a ‘major cost headache’ for builders of electric vehicles, just when the market is really starting to hit its braces.

According to Rystad Energy’s analysis from late last week, lithium prices are currently trading at an all-time high of US$35 per kilogram in Asia and are expected to continue climbing as high as US$50 per kilogram over the course of the second half of 2022 on the way to around US$52.5 per kg, this time next year.

Signs of turmoil were hitting the market towards the end of 2021, with a December report from S&P Global predicting that the meteoric growth in demand for electric vehicles in 2022 would lead to a deficit of lithium, as the use of the material exceeded production and was running out of stock.

According to Rystad Energy, the supply of lithium salts is expected to remain tight through the first half of 2022, at least, due to the backlog of production in China and South America.

Rystad says growers in these regions are reluctant to scale up operations, taking a cautious stance due to the continued logistical challenges posed by the global Covid-19 pandemic.

“Producers appear reluctant to sell significant volumes to the spot market as ongoing supply constraints and logistical issues caused by the pandemic create bottlenecks in the commercial lithium salts market,” the report said. .

This is likely to have a ripple effect on the price of EV batteries. According to Bloomberg NEF, lithium-ion battery prices — which have risen from more than $1,200 per kilowatt hour in 2010 to $132 by 2021 — could reach $135 per kilowatt hour in 2022.

As is the case with solar panels, the state of the market in China weighs heavily on the state of the global market for lithium, accounting for more than 65% of global battery production and more than half of the chemical production of lithium.

According to Rystad, the tight supply of lithium salts, combined with the demand outlook for LFP batteries that typically feed on lithium carbonate, should keep lithium carbonate prices high and support a noticeable premium per relative to the price of lithium hydroxide at the start of 2022.

Of course, this dynamic will not last forever. Rystad Energy believes the price premium will gradually reduce after seasonal bottlenecks in China ease and a ramp-up plan materializes in South America. Australian lithium resources could also help meet demand.

But don’t expect lithium prices to crash either. According to Wood Mackenzie’s research director for battery raw materials, Gavin Montgomery, quoted in FT.com last week, that outcome is unlikely.

“We are entering a kind of new era in terms of lithium prices over the next few years because the growth will be so strong,” he said.

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BWX Technologies: When the past repeats itself, are you listening to it? https://after-hours.org/bwx-technologies-when-the-past-repeats-itself-are-you-listening-to-it/ Thu, 13 Jan 2022 15:00:50 +0000 https://after-hours.org/bwx-technologies-when-the-past-repeats-itself-are-you-listening-to-it/ Jehoshaphat Research is the abbreviation for BWX Technologies Inc (NYSE: BWXT). Get the full Henry Singleton series in PDF Get the entire 4-part series on Henry Singleton as a PDF. Save it to your desktop, read it on your tablet or email it to your colleagues Letters, conferences and more on hedge funds in Q4 […]]]>

Jehoshaphat Research is the abbreviation for BWX Technologies Inc (NYSE: BWXT).

Get the full Henry Singleton series in PDF

Get the entire 4-part series on Henry Singleton as a PDF. Save it to your desktop, read it on your tablet or email it to your colleagues

Letters, conferences and more on hedge funds in Q4 2021

Odey’s Special Situations Fund strives for uncorrelated returns

Odey CrispinOdey’s special situations fund rose 1.6% in December, bringing its annual return for 2021 to 24.4%. The fund has enjoyed a compound annual growth rate of 35% since its inception in October 2019. Letters, conferences and more on hedge funds in the fourth quarter of 2021 The benchmark of the Special Situation Fund, the MSCI World index USD, posted a 4.3% return for Read more

With this report, we uncover the results of a multi-year investigation of BWX Technologies (BWXT). The decision to make these discoveries public is now based mainly on two convictions:

The CFO and the chairman of A. BWXT both unexpectedly gave notice of resignation during Q421. These two were also in leadership positions at the start of the disaster now known as Babcock & Wilcox (BW, derived from BWXT in 2015). BW’s stock today is around 90% less than the spin-off, thanks to projects that conveniently “started” to degrade almost immediately after BWXT split them up. The signs of trouble at BW looked a lot like what we discovered at BWXT. In other words, BWXT looks like the next BW, and the guys who’ve seen this movie before are leaving before the series ends.

B. We have discovered serious problems at BWXT regarding financial accounting practices. Some of the freedoms taken here include changing project estimates in a way that results in higher reported profits, changing cost accounting schedules, and constantly changing targets on capital expenditure inflation. We believe BWXT is hiding project losses, inflating profits, and distorting the cash power available throughout the company, all to the detriment of its shareholders.

If you’re reading this report, you’re probably smart enough to understand that a fact pattern like this doesn’t just happen by accident. We have alerted BWXT listeners, the press and others who will be interested in these findings. We are available at [email protected] for questions.

BWX Technologies

BWX Technologies

Summary

  1. BWXT plays a multitude of accounting games, especially around long-term projects. Its earnings are substantially overstated and its free cash flow will not rebound as investors think.
    • If you owned shares in a company with long-term, fixed-price projects, and you were told it had all of the following characteristics:
      • 27 consecutive quarters of positive project accounting revisions (no other company in the peer group comes close), increasing operating income by nearly $ 300 million
      • In 2018, management said high investments would fall back to baseline in 2 years. In 2019, they said 2 more years. In 2020, they said 2 more years. In 2021, they said 2 more years … all that goalpost move worth around $ 600 million in ‘unexpected’ capital expenditure
      • Likewise, moving goal posts for working capital as it drains cash worth around $ 200 million
      • A deliberate change in accounting policy that inflates EBIT by around $ 27 million per year
      • An explosion of unbilled DSOs from the 1930s to the 1970s
      • The CFO and the President both give notice of resignation when these issues arise. Would you be intellectually honest enough to ask, “What’s going on here?” “
  2. The BWXT situation today resembles the BW situation just before it imploded.
    • BWXT dumped BW on the market in a spin-off in 2015, and BW stock continued to fall by around 90%.
    • The cause of BW’s death spiral was a series of horribly mispriced projects – projects that seemed to be doing well until shortly after the spin-off.
    • Investors could have seen the implosion of BW coming if they had heeded the warning signs – warning signs that closely resemble BWXT’s today. BW presented the same constraints on the project’s working capital and oddly persistent positive accounting revisions.
    • The outgoing CFO and chairman held similar roles at BWXT when he held the BW portfolio and must have been involved in it prior to the split.
  3. BWXT’s balance sheet is more leveraged than investors realize.
    • Management and the seller side refer to BWXT as “2.7x leverage”. This calculation does not take into account an underfunded pension and environmental exposure obligations. The leverage is really ~ 3.5x.
    • Clawback payments for COVID relief are starting now, government cash refunds are declining to lower levels, and the company has toned down on previous promises of working capital clawback. A single customer late payment seems to have required a bank overdraft.
    • Given its dividend, BWXT has less room for pressure on balance sheets or weak cash flow.
    • The maintenance investments required by BWXT are likely significantly higher than the company claims, which means that the free cash flow forecast for the “dead years” is significantly overestimated.
  4. Some investors own BWXT because of the history of molybdenum. These investors are part of our short thesis.
    • If you are a bull on BWXT, you may mistakenly believe that BWXT will sell some medical imaging isotopes by the end of 2022 and make money for them in subsequent years due to chronic under-supply. .
    • BWXT’s timeline for FDA approval within months of submitting its application is unrealistic. It took years for a major competitor to go through this process. BWXT has already started moving those approval posts, of course.
    • The capacity picture for molybdenum-99 goes from under-supply to over-abundance. A competitor marketed and approved by the FDA is already adding about 50% to its total capacity. BWXT intends to join the fray and add more, as other newcomers are doing.
  5. Assessment: Suppose we are dead wrong about all of this. The stock is still a scam.
    • Assuming BWXT’s capital spending drops to around $ 100 million, as management has said, this impressive reversal would still only bring in around $ 160 million in free cash flow. Today’s price is a multiple of twenty of FCF’s ambitious number.
    • BWXT’s peer group is trading at a high multiple of this year’s FCF (not ambitious).
    • BWXT is also heavily in debt relative to its peers, so its EV / FCF is even more outlier.

Prologue: Some exhibitions

Here are some of the top charts and text snapshots in this report for those who want a quick analysis. They will take on more meaning as you find them in the relevant sections and they are described in context.

  • Accounting reviews of BWXT’s project against peers, using the peer group that BWXT uses in its proxy. This graph is a visualized and summary version of a table that we have in the section on the accounting revisions of the project. It shows the longest streak, at any time, of positive net project accounting revisions for each company since 2015:

BWX Technologies

In a world where all of BWXT’s peers periodically check their income statement when updating their project estimates, BWXT is the only one with an unblemished track record of exclusively positive “reviews” for seven years now. Each quarterly review of the final profitability of a project, like the initial estimate, reflects the judgment of the company’s management. This footage is too good to be true, and we will be spending considerable time explaining why later in this report.

  • BWXT’s story of moving the goalposts on capital spending. For this summary below, we’ve picked just a few of the clearest selections showing management’s ever-changing assessment of its ‘peak’ investment year. These are the words of management, not ours. To us, they say BWXT has minimized its ongoing maintenance investments and decided to admit it (and now that’s the new CFO’s problem):
    • Q118: “But the – to the extent that – this [2018] will be the top of our capital [expenditure], and I think it’s going to start to go down.
    • Q418: “So with regard to capital, at the moment, we are in a capital year of about [150], and we think this will probably be maintained in 19. “
    • Q220: “After 2020, capital spending should start on a downward trajectory …”
    • Q321: “And Peter, to answer the capital question, you asked about the capital for the rest of [2021]. We said about $ 250 million for the year. We said next year, which is ’22, would be less than that … [and continue declining from there]. “

We have a table later in this report noting every investment goal post moved over the past five years in much greater detail and explanation.

  • BWXT’s explosion in net unbilled DSOs, which are driven by revenue recognized in excess of billings. We note that the US Navy is BWXT’s biggest customer (by far) and therefore a rising DSO does not appear to be evidence of sheer slowness in collection. We adjust the net DSO to (remove) the minor impact of the missile reserve taken in Q318:

BWX Technologies

  • BWXT’s evolving timeline for FDA approval of its moly-99 / TC-99 medical isotope products. This refers to the fact that management repeatedly “updates” their expectations as to when FDA submission will take place and FDA approval is expected:

BWX Technologies

  • BWXT’s operating cash flow, adjusted for COVID grants and discretionary pension contributions, versus its Adjusted EBITDA:

BWX Technologies

  • BWXT’s multi-year transition from a cash-rich balance sheet to a high-leverage balance sheet:

BWX Technologies

  • The decreasing depreciation of BWXT as a percentage of gross property, plant and equipment, highlighting the quarter in which a change in the recognition of apparent depreciation was disclosed. We estimate this discretionary accounting change represents approximately $ 27 million in annual EBIT for BWXT:

BWX Technologies

Read the full report here by Josaphat Research

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Robbins Geller Rudman & Dowd LLP announces that https://after-hours.org/robbins-geller-rudman-dowd-llp-announces-that/ Sun, 09 Jan 2022 22:04:41 +0000 https://after-hours.org/robbins-geller-rudman-dowd-llp-announces-that/ SAN DIEGO, January 9, 2022 (GLOBE NEWSWIRE) – Robbins Geller Rudman & Dowd LLP announces that buyers of: (a) Bright Health Group, Inc. (NYSE: BHG) common shares in accordance with and / or traceable to offering documents issued in connection with Bright Health’s initial public offering conducted on or about June 24, 2021 (the “” […]]]>

SAN DIEGO, January 9, 2022 (GLOBE NEWSWIRE) – Robbins Geller Rudman & Dowd LLP announces that buyers of: (a) Bright Health Group, Inc. (NYSE: BHG) common shares in accordance with and / or traceable to offering documents issued in connection with Bright Health’s initial public offering conducted on or about June 24, 2021 (the “” IPO ”); and / or (b) Bright Health titles between June 24, 2021 and November 10, 2021, both dates inclusive (the “Recourse Period”) have until March 7, 2022 to seek appointment as lead applicant in Mark c. Bright Health Group, Inc., n ° 22-cv-00101 (EDNY). Started January 6, 2022, Luminous health The class action lawsuit accuses Bright Health and some of its senior executives and directors of violations of the Securities Act of 1933 and / or the Securities Exchange Act of 1934.

If you wish to serve as the principal applicant of the Luminous health class action, please fill in your information by clicking here. You can also contact the lawyer JC Sanchez from Robbins Geller by calling 800 / 449-4900 or emailing jsanchez@rgrdlaw.com. Principal applicant’s requests for Luminous health The class action must be filed with the court no later than March 7, 2022.

CASE ALLEGATIONS: Bright Health is an integrated healthcare delivery company providing and funding health insurance plans in the United States. As part of its IPO, Bright Health sold approximately 51 million common shares to the public at an offering price of $ 18.00 per share, for proceeds of approximately $ 887 million to Bright Health after rebates. and applicable subscription fees, and before expenses. On or about June 24, 2021, Bright Health common stock began trading on the New York Stock Exchange under the symbol BHG.

the Luminous health class action lawsuit alleges that the IPO offer documents were negligently prepared and, therefore, contained false statements of material fact or failed to state other facts necessary to make the statements made not misleading and did not not been prepared in accordance with the rules and regulations governing their preparation. the Luminous health The Class Action further alleges that the IPO Offer Documents and the Defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (i) Bright Health had overestimated its business and financial outlook after the IPO; (ii) Bright Health was ill-equipped to manage the impact of costs related to COVID-19; (iii) Bright Health was experiencing a decline in premium income due to a failure to capture the risk adjustment on newly added lives; (iv) all of the foregoing were reasonably likely to have a material adverse effect on the business and financial condition of Bright Health; and (v) accordingly, the IPO offering documents and the defendants’ public statements throughout the Class Period were materially false and / or misleading and did not indicate the information required to be included therein.

On November 11, 2021, Bright Health released its third quarter 2021 results. Among other results, Bright Health reported earnings per share of $ 0.48 as calculated under US generally accepted accounting principles, missing 0 , $ 31 consensus estimates. Bright Health also reported a sharp increase in Bright Health’s medical cost ratio (“MCR”), informing investors that its MCR “for the third quarter of 2021 was 103.0%, which includes an unfavorable impact of 540. basis points of COVID-19 costs and an unfavorable impact of 900 basis points mainly due to a cumulative reduction in premium income due to an inability to capture the risk adjustment on the new added lives. At this news, Bright Health’s share price has fallen more than 32%, hurting investors.

From the time on Luminous health a class action lawsuit has been filed, the price of Bright Health common shares continues to trade below the offering price of $ 18.00 per share.

THE MAIN COMPLAINANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who has purchased: (a) Bright Health common stock in accordance with and / or traceable to offering documents issued in connection with Bright Health’s IPO; and / or (b) Bright Health Securities during the Recourse Period to seek appointment as lead applicant in the Luminous health class action lawsuit. A principal plaintiff is generally the plaintiff with the greatest financial interest in the remedy sought by the putative class which is also typical and adequate of the putative class. A lead applicant acts on behalf of all other class members by ordering Luminous health class action lawsuit. The lead plaintiff can choose a law firm of their choice to litigate the case. Luminous health class action lawsuit. The ability of an investor to participate in any potential future recovery of the Luminous health the class action is not dependent on serving as the principal plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm representing investors in securities class actions. Robbins Geller lawyers have secured many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $ 7.2 billion – in In re Enron Corp. Dry. Litigation. The 2020 ISS Securities Class Action Services Top 50 report ranked Robbins Geller # 1 for recovering $ 1.6 billion for investors that year, more than double the amount recovered by any other company from securities claimants. Please visit http://www.rgrdlaw.com for more information.

Lawyer advertising.
Past results do not guarantee future results.
Services can be performed by lawyers in one of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
JC Sanchez, 800-449-4900
jsanchez@rgrdlaw.com

https://www.linkedin.com/company/rgrdlaw
https://twitter.com/rgrdlaw
https://www.facebook.com/rgrdlaw



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Mamaearth Revenues Jump 4X to Rs 461 Cr in FY21, Become Profitable https://after-hours.org/mamaearth-revenues-jump-4x-to-rs-461-cr-in-fy21-become-profitable/ Sat, 08 Jan 2022 05:58:55 +0000 https://after-hours.org/mamaearth-revenues-jump-4x-to-rs-461-cr-in-fy21-become-profitable/ Baby and mother care brand Mamaearth became this year’s first unicorn after raising $ 52 million in its Series F funding round led by its first funder Sequoia. The company has become a leader in the direct-to-consumer (D2C) space for beauty and skin care and was valued at around $ 1.07 billion in this latest […]]]>

Baby and mother care brand Mamaearth became this year’s first unicorn after raising $ 52 million in its Series F funding round led by its first funder Sequoia. The company has become a leader in the direct-to-consumer (D2C) space for beauty and skin care and was valued at around $ 1.07 billion in this latest cycle.

While Mamaearth is the first unicorn of 2022 and the 44th since January 2021, she is different from most unicorns as she is one of the few to go profitable in FY 21 with a quadrupling of her collection.

Mamaearth raised operating income of Rs 461 crore in FY21, a huge jump from the Rs 109.8 crore in fiscal year 20, according to its annual financial statements with the Ministry of Corporate Affairs (MCA). The company achieved a turnover of 98% of its domestic sales (India) while its global sales, which made up the remainder, increased 9.5 times in fiscal year 21.

The sales boom coupled with improved operational efficiency helped Mamaearth record an after-tax profit of Rs 24.6 crore in FY21, compared to the loss of Rs 5.92 crore in during the year 20.

Granny landThe five-year-old company focuses on digital marketing channels, primarily social media and influencer marketing to grow its product lines. As a result, its marketing costs were the largest cost center, accounting for 44.1% of annual FY21 costs. These expenses increased almost 4X to reach Rs 192.23 crore during the year. ‘year 21, compared to 49.2 base in year 20.

With increasing demand, the cost of raw materials consumed by Mamaearth also increased 3.5 times to reach Rs 133.1 crore in FY21, compared to Rs 38.3 crore in FY20. Transportation and secondary packaging costs have also increased in line with the overall scale, increasing 4.2 times to Rs 62.7 crore in FY21, from Rs 15.02 crore incurred during from the previous year.

Unlike most startups valued at over $ 1 billion where employee benefits spending is a significant percentage of the company’s spending, in Mamaearth’s case, it was just 6.4% of its costs. annual. This cost increased 3.3 times to Rs 27.8 crore in FY21, while IT and payment gateway costs also increased 3.1 times to Rs 6 crore during the same period.

mother
Vedansh Pratap | Coach



Overall, Mamaearth’s annual costs increased 3.7 times to reach Rs 435.6 crore in FY21, compared to nearly Rs 118 crore in FY20. At the level unit, he spent Rs 0.95 to earn a single rupee of operating income in FY 21. EBITDA margins also improved from nearly -5% during FY20 to 6.5% over FY21.

Granny land

Despite the pandemic affecting the financial statements of several companies, Mamaearth has grown at a breakneck pace and exceeded Rs 460 crore in sales in fiscal year 21. The company has also stood out from other unicorns and Internet companies in the phase. development programs aimed at consumers at a profit. Right now, it is one of the most successful D2C brands in India and the company’s financial numbers reflect the same.


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The Yojee logistics platform partners with Here Tech to create an operational intelligence solution https://after-hours.org/the-yojee-logistics-platform-partners-with-here-tech-to-create-an-operational-intelligence-solution/ Thu, 06 Jan 2022 07:02:51 +0000 https://after-hours.org/the-yojee-logistics-platform-partners-with-here-tech-to-create-an-operational-intelligence-solution/ Cloud-based logistics platform Yojee has partnered with Here Technologies to create a unique operational intelligence solution to transform warehouse management for global businesses, according to a statement released Thursday. Yojee facilitates the flow of freight movements in a single ecosystem. Combining Yojee’s logistics software expertise with Here’s location intelligence, the joint initiative will generate critical […]]]>

Cloud-based logistics platform Yojee has partnered with Here Technologies to create a unique operational intelligence solution to transform warehouse management for global businesses, according to a statement released Thursday.

Yojee facilitates the flow of freight movements in a single ecosystem.

Combining Yojee’s logistics software expertise with Here’s location intelligence, the joint initiative will generate critical data from the warehouse floor, enabling businesses to make more informed decisions about how they can streamline operations. operations and utilize the facility’s maximum capacity through infrastructure planning, asset tracking and workforce management, Here Technologies said in the release. These operational intelligence data points will help establish a warehouse health pulse system that will measure key metrics based on various location parameters regarding labor productivity, material handling equipment, the state of stocks, among others, according to the press release. Stating that the growth of supply chains and e-commerce trends have resulted in the need for more warehouses globally, experts predict that the number of warehouses worldwide will increase by 20% between 2018 and 2025 to reach about 1.80,000, of which more than half are in China, the United States, Japan, India and Germany.

At the same time, warehousing costs are rising and companies are spending around 300 billion euros or $ 346 billion per year on warehousing, with operational costs accounting for 85% of those expenses, the statement said. “We are building an invention that will transform the visibility and efficiency of supply chain and logistics around the world. We digitize warehouses where data can be consumed and analyzed through a single smart dashboard remotely at any time.

“This data intelligence is critical to improving overall warehouse productivity and efficiency. I have no doubts that with HERE it brings more than just a return on investment for the global logistics industry in the long term, ”said Ed Clarke, Managing Director of Yojee. With Here Asset Tracking, businesses can enjoy better real-time visibility that tracks the location, condition and condition of their warehouse assets. Jason Jameson, Senior Vice President and General Manager of Here the Asia Pacific, said, “The logistics industry in Asia Pacific shows no signs of slowing down due to digital transformation and exponential growth in the transportation industries. supply chain and e-commerce. Yet the cost of expansion continues to be one of the main obstacles for the Asia-Pacific logistics sector as it enters expansion mode ”.

Through this exciting partnership with Yojee, Here looks forward to providing businesses with substantial opportunities to unlock major improvements and capture value in global warehousing, he added. Warehouse operators are now able to remotely monitor the productivity levels of the warehouse workforce and track the movement of assets and material handling equipment both outdoors and outside. interior via networks already available, according to the press release. The Here Map Making platform also enables businesses to customize and maintain digital warehouse layouts (virtual representations) that will help them improve overall logistics planning and lower operational costs, he said.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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Distribution Accounting Software Market Future Growth Potential, Demand, Analysis by 2028 – Industrial IT https://after-hours.org/distribution-accounting-software-market-future-growth-potential-demand-analysis-by-2028-industrial-it/ Tue, 04 Jan 2022 07:05:32 +0000 https://after-hours.org/distribution-accounting-software-market-future-growth-potential-demand-analysis-by-2028-industrial-it/ Distribution Accounting Software Industry Overview 2022-2028: This resulted in several changes in This report also covers the impact of COVID-19[feminine sur le marché mondial. le Marché des logiciels de comptabilité de distribution Le résumé de l’analyse de Reports Insights est une étude approfondie des tendances actuelles conduisant à cette tendance verticale dans diverses régions. En […]]]>
Distribution Accounting Software Industry Overview 2022-2028:

This resulted in several changes in This report also covers the impact of COVID-19[feminine sur le marché mondial.

le Marché des logiciels de comptabilité de distribution Le résumé de l’analyse de Reports Insights est une étude approfondie des tendances actuelles conduisant à cette tendance verticale dans diverses régions. En outre, cette étude met l’accent sur une analyse approfondie de la concurrence sur les perspectives du marché, en particulier les stratégies de croissance revendiquées par les experts du marché.

Concurrence sur le marché des logiciels de comptabilité de distribution par les principaux fabricants comme suit : Noguska, Kenandy, SapphireOne, Kechie, Openbravo, DMSI, NECS, Infor, Sage, Agiliron, Fishbowl, SAP, Oracle, Macola, Microsoft, Exact, Epicor, TECSYS, Iptor, Focus

Obtenez un exemple de copie PDF du rapport @ https://www.reportsinsights.com/sample/627533

Le marché mondial Logiciel de comptabilité de distribution a été segmenté en fonction de la technologie, du type de produit, de l’application, du canal de distribution, de l’utilisateur final et de la verticale de l’industrie, ainsi que de la géographie, fournissant des informations précieuses.

La couverture de type sur le marché est :
Sur site
Basé sur le cloud
Basé sur le Web

La couverture des applications sur le marché est :
Mac
Gagner
Linux

Segment de marché par régions/pays, ce rapport couvre
Amérique du Nord
L’Europe 
Chine
Reste de l’Asie-Pacifique
Amérique centrale et du Sud
Moyen-Orient et Afrique

Principaux facteurs abordés dans le rapport :

  • Résumé du marché mondial des logiciels de comptabilité de distribution
  • Impact économique sur l’industrie
  • Concurrence sur le marché en termes de fabricants
  • Production, Chiffre d’affaires (Valeur) par segmentation géographique
  • Production, chiffre d’affaires (valeur), tendance des prix par type
  • Analyse de marché par application
  • Enquête sur les coûts
  • Chaîne industrielle, stratégie d’approvisionnement en matières premières et acheteurs en aval
  • Compréhension de la stratégie marketing, distributeurs et commerçants
  • Étude sur les facteurs d’étude de marché
  • Global Logiciel de comptabilité de distribution Marché Prévoir

Pour obtenir ce rapport à un taux avantageux : https://www.reportsinsights.com/discount/627533

Les objectifs d’analyse du rapport sont :

  • Pour connaître le Global Logiciel de comptabilité de distribution Marché taille en repérant ses sous-segments.
  • Étudier les acteurs importants et analyser leurs plans de croissance.
  • Analyser le montant et la valeur du marché mondial des logiciels de comptabilité de distribution, selon les régions clés
  • Pour analyser le Global Logiciel de comptabilité de distribution Marché concernant les tendances de croissance, les perspectives ainsi que leur participation à l’ensemble du secteur.
  • Pour examiner le Global Logiciel de comptabilité de distribution Marché taille (volume et valeur) de l’entreprise, régions/pays essentiels, produits et applications, informations générales.
  • Primaire mondial Global Logiciel de comptabilité de distribution Marché les entreprises manufacturières, pour spécifier, clarifier et analyser le montant des ventes de produits, la valeur et la part de marché, le paysage de rivalité du marché, l’analyse SWOT et les plans de développement pour l’avenir.
  • Examiner les progrès concurrentiels tels que les extensions, les arrangements, les lancements de nouveaux produits et les acquisitions sur le marché.

ôvotre rapport propose :

– Évaluations des parts de marché pour les segments régionaux et nationaux.
– Analyse des parts de marché des principaux acteurs de l’industrie.
– Recommandations stratégiques pour les nouveaux entrants.
– Prévisions de marché pour un minimum de 9 ans de tous les segments, sous-segments et marchés régionaux mentionnés.
– Tendances du marché (moteurs, contraintes, Opportunités, menaces, défis, opportunités d’investissement et recommandations).
– Recommandations stratégiques dans les segments d’activité clés sur la base des estimations du marché.
– Aménagement paysager compétitif cartographiant le clé tendances communes.
– Profilage de l’entreprise avec des stratégies détaillées, des données financières et récent développements.
– Les tendances de la chaîne d’approvisionnement cartographiant les dernières avancées technologiques.

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YSU dollars and athleticism – Business Journal Daily https://after-hours.org/ysu-dollars-and-athleticism-business-journal-daily/ Fri, 31 Dec 2021 17:47:11 +0000 https://after-hours.org/ysu-dollars-and-athleticism-business-journal-daily/ YOUNGSTOWN, Ohio – Youngstown State UniversityThe baseball team raises between $ 40,000 and $ 60,000 in additional income each year through four major fundraisers and other efforts on campus. Without these efforts and the support of the community, the baseball program would not be able to provide its athletes with the level of experience expected […]]]>

YOUNGSTOWN, Ohio – Youngstown State UniversityThe baseball team raises between $ 40,000 and $ 60,000 in additional income each year through four major fundraisers and other efforts on campus.

Without these efforts and the support of the community, the baseball program would not be able to provide its athletes with the level of experience expected in an NCAA Division I institution.

In fact, all of the 21 NCAA sanctioned sports on the YSU campus rely heavily on fundraising to support their programs.

The baseball team raises funds through a First Pitch breakfast, two golf outings and a 100-end intra-team Wiffleball game. To start the upcoming season, the team will travel to Florida, Texas, Louisiana and Tennessee.

The funds are in addition to what the sports department is budgeting to help with travel, equipment and new uniforms, YSU baseball head coach Dan Bertolini said.

“We’re trying to do our best to give our guys the best student-athlete experience possible,” says Bertolini, who had a budget of over $ 500,000 in fiscal year 2019-20.

“I think our sports department is doing a great job funding our program. We’re very fortunate to have the budget we have for our travel and equipment, but there are always things that arise that you need.

Ron Strollo, the university’s executive director of athletics, annually provides a variety of financial information to the institution’s board of directors, which oversees all departments on campus. Its report shows income and expenses as well as how the sports department compares to other league affiliated universities and the like.

The YSU Board of Directors approved a budget for the school’s sports department of $ 17,790,127 for the 2021-2022 fiscal year. This budget includes scholarship expenses, salaries for 80 to 90 employees, operations of the school’s 21 NCAA sanctioned sports for more than 500 student-athletes, and departmental administrative expenses. The budget has three equal categories: scholarships, salaries and operations.

There is a big change from the 2020-21 athletics budget of $ 15,483,627 – up from $ 2,306,500 – but the change more reflects the sharp reduction in spending due to the pandemic in 2020-21 than it does. an increase in athletics spending.

The sports department laid off or failed to fill vacant positions totaling 22 of its staff in the 2020-21 budget to deal with declining revenues in large part because few tickets were allowed to be sold for matches at the height of the pandemic. But revenue will grow 14.9% in the current fiscal year to reach a more normalized figure. As a result, most of these 22 posts have been reinstated.

Strollo says his ministry has made the self-imposed cuts to permanent and temporary employees, along with employee benefits of nearly $ 1.4 million due to uncertainty as fiscal year 2020-21 approaches .

However, total budgeted revenue increased by $ 1.4 million during the year.

Strollo is aware of the 26 academic programs and faculty positions that will be phased out by fall 2022 as part of YSU’s cost-cutting efforts.

“We are part of this institution and we play a variety of supporting roles,” says Strollo. “One of the most important is to attract students to YSU who would not have participated without the sports we offer. We take this role seriously. Hopefully, with the data we provide to the YSU Board of Directors, we show that we are getting there.

“There are always tough decisions to be made in any organization as well as here on campus and I have no doubts that these decisions are not made lightly or without data to back them up,” he continues. “Our role is to play our role to the best of our ability. “

Ticket revenues for football and basketball games increased by more than $ 430,000 with the lifting of fan restrictions, while $ 840,000 came from guarantee games – monies paid by major schools to get schools like YSU to play them to fill their stadiums and arenas and possibly lock in a victory for the biggest university.

YSU did not receive any money from the warranty sets during the COVID year.

These two factors, as well as program sales, royalty commissions, program advertising sales and recognition, marketing / exclusive rights to beverage and miscellaneous companies, football hatchbacks, and board advertising. boards for football and basketball all increased, accounting for $ 2.28 million of the $ 3.95 million in revenue.

Concession commissions remained at $ 45,000 as well as lodge rentals at Stambaugh Stadium at $ 519,973. Much of the income generated by athletics comes from the university’s corporate sponsorship programs.

“If you combine everything our corporate sponsorship team does, that equates to over $ 1 million in revenue per year to support our programs,” Strollo said.

The only budget cuts came from the fact that athletic coaches billed medical insurance companies for the treatment of student-athletes. [$50,000 to $45,000], NCAA Revenue Sharing [$1,150,000 to $1,050,000] and income from radio and television [$100,000 to $10,000].

YSU added men’s swimming in 2019-20 and women’s lacrosse in 2021, and doubled the size of the school’s cross-country team roster. Football, basketball, women’s volleyball and tennis offer the most comprehensive scholarships to its athletes.

Those who are non-scholarship athletes pay their own tuition fees. Only a small percentage of the over 500 student-athletes receive full scholarships, with most receiving a small athletic scholarship or no scholarship at all.

“We wouldn’t have added these sports if it hadn’t brought in a lot of new students and had a positive financial impact on campus,” Strollo says of men’s swimming and women’s lacrosse. .

Athletics has more than 60 on each of its men’s and women’s teams, making it the most profitable program with a combined net surplus of nearly $ 1.5 million in fiscal year 2019-2020.

Only basketball, tennis and women’s volleyball performed in the red due to the number of players with full athletic scholarships.

Football makes profit [$318,737 in 2019-20 fiscal year] due to the more than five dozen non-scholarship or partial scholarship recipients and the external income generated by the program.

The budget of $ 17,790,127 covers expenses arising in the sports department with transfers and the study of institutional work.

These expenses are: $ 5,868,461 (scholarships), $ 4,746,731 (operating), $ 4,616,175 (permanent staff), $ 2,046,550 (social benefits), $ 482,210 (temporary staff) and $ 30,000 ( transfers and institutional work for students).

“I think we’re unlike any other department on campus where our scholarship spending budget shows up in our results,” Strollo says. “The university as a whole has an entirely separate scholarship budget.

“So if the university increases tuition fees, you will see a corresponding increase in the budget for sports scholarships. The result is an increase in the overall sports department budget, as scholarships are such a large part of the overall department budget. This is why you will see athletic department budgets across the country increasing because tuition and fees are increasing at such a high rate nationwide.

Student-athlete scholarships show up in the budget as an expense for the athletic department – but also as income for the university, as it receives the tuition and fees of these student-athletes.

In fiscal year 2019-20, YSU’s sports spending was well below the average spending for other schools in the Missouri Valley Football Conference, Mid-American Conference, and Horizon League.

The YSU soccer team participates in the Missouri Valley Football Conference, while all other sports except women’s lacrosse and bowling are part of the Horizon League.

Sports expenses for YSU were $ 16,292,051, more than $ 13 million lower than the Mid-American Conference average and about $ 4 million lower than the Missouri Valley Football Conference.

Strollo says that even spending much less than its peers, YSU offers more sports and has more student-athletes than these other institutions.

“Financially, we want to run the most cost effective and efficient program in the country,” he says. “We also want to generate more income than the average of our peers, and we have been able to do so.

“We want our teams to be competitive, to win championships and to represent our city and the Mahoning Valley. This was backed up last year by our bowling team which made it to the NCAA Final Four only in its fifth year of existence and we won the school’s first All-Sports Horizon League Trophy. But more importantly, we want our kids – when they graduate – to feel confident that choosing YSU was the best decision they could ever make. “

Copyright 2021 The Business Journal, Youngstown, Ohio.


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America’s wars cost far more than the Pentagon admits – OpEd – Eurasia Review https://after-hours.org/americas-wars-cost-far-more-than-the-pentagon-admits-oped-eurasia-review/ Thu, 30 Dec 2021 01:20:13 +0000 https://after-hours.org/americas-wars-cost-far-more-than-the-pentagon-admits-oped-eurasia-review/ By Lipton Matthews * The United States’ decision to withdraw its troops from Afghanistan has been met with contempt in some quarters. But so far, most pundits have explored this debacle from a foreign affairs perspective, either bemoaning the decline in U.S. influence or hailing the move as a justified containment of aggressive foreign policy. […]]]>

By Lipton Matthews *

The United States’ decision to withdraw its troops from Afghanistan has been met with contempt in some quarters. But so far, most pundits have explored this debacle from a foreign affairs perspective, either bemoaning the decline in U.S. influence or hailing the move as a justified containment of aggressive foreign policy. Both points of view are worth considering. However, Afghanistan and other foreign policy failures should spark a broader debate on the economics of war.

America’s involvement in the war turned out to be quite costly. According to a major 2019 study, from 2001 to 2019, taxpayers incurred a cost of $ 6.4 trillion in US wars in Afghanistan, Iraq, Syria and Pakistan. A key finding from the report is that the total fiscal burden of the post-9/11 wars will continue to swell as the U.S. government remains committed to paying interest and funding the growing spending on veteran care.

Additionally, estimates compiled by the Pentagon suggest that U.S. military escapades have cost everyone taxpayer $ 7,623 Invariably, international bankers and defense contractors profit from wars, although in the long run war spills over into the entire economy. Yet despite the costs of war, the idea that wars spur innovation is still widely held. This argument has some merit because history shows that the demands of wartime spurred innovations like penicillin, electronic computers, and radar.

The innovations engendered by the throes of war can serve a useful commercial function; However, on the other hand, war diverts the attention of the sharpest minds from solving scientific and business problems to devising life-destroying solutions. According to Nathan Rosenberg, during the Industrial Revolution, the quest to solve trade problems led to the emergence of new products, so in the absence of war, the potential of scientists is deployed for more productive use.

While the war resulted in notable inventions, we will never know about industrial innovations that were never conceptualized because engineers and scientists were busy helping the military-industrial complex. Assuming that involvement in World War II stimulated scientific research, economists Daniel Gross and Bhaven Sampat conclude in a recent report that war-related efforts led to the emergence of technology clusters. Some might confuse this deduction with proof of the innovative inducing effects of war.

Doing so, however, is premature, as there is no guarantee that applications designed to wage war will be relevant to the industry. The construction of military technology is not motivated by the desire to improve the utility of consumers or to create scientific breakthroughs. Such developments are therefore fortuitous. Indeed, commercially viable inventions produced by war are to be celebrated, but it is possible that these innovations are poor substitutes for the actual products that would have been created if the inventors had worked to create commercial or scientific value.

In addition, the innovative effect of world wars could be time dependent. The wars of the twentieth century produced superior inventions due to institutional quality and access to a sophisticated body of scientific research. Likewise, because sectoral links were stronger, recognizing links between industries became a sound business strategy. Readers may argue that this thesis is marred by Geoffrey Packer’s bold text. The military revolution: military innovation and the rise of the West, but the two theses complement each other.

Packer’s landmark study is just one text in a series of studies aimed at responding to the rise of Western civilization. To reach his conclusion, Packer had to question multiple facets of European history and culture. Other regions duly engaged in fierce battles, but their conflicts did not lead to a profound transformation in the art of warfare and military technology. The Europeans built a project dedicated to maximizing the effectiveness of warfare by updating technology, while institutions of a similar caliber did not exist elsewhere. War-induced innovations are determined by the expertise and agenda of those who wage war. Always remember that gunpowder was invented in China, but its full potential was realized in the West.

Likewise, economic analysis challenges the narrative that the United States’ involvement in World War II laid the foundation for postwar economic growth. Instead, the evidence shows that America’s insertion into the war crippled the productivity of the manufacturing sector. Alexander J. Field Explain: “Between 1941 and 1948, total factor productivity in the manufacturing sector declined…. Taking into account the effects on TFP, the labor force, and the stock of physical capital, the impact of WWII on the level and trajectory of post-war US potential output was, on the whole, almost certainly negative. “

In addition, war leads to a decrease in the welfare of consumers. Taxes levied on hapless citizens to fund military spending could have been invested, saved, or spent on commodities to increase consumer utility. An economy is judged on its ability to improve the utility of consumers, and the war economy fails in this regard when taxes decrease utility by decreasing the resources available to citizens. Meanwhile, by applying the law of invisible costs to government, it becomes evident that war spending limits the availability of resources for critical sectors like health and education. By spending resources on unsuccessful wars, politicians indicate that their rhetoric of the poor is nothing but empty talk.

However, in documenting the effects of war, we must remind readers that trauma inflicted on the battlefield negatively affects the well-being of combatants. After returning home, many ex-soldiers suffer from post-traumatic stress disorder. Victims of post-traumatic stress disorder find it difficult to reintegrate into society and find it difficult to maintain social ties. Their inability to adapt to post-war life affects productivity and employability. Unfortunately, the damage suffered by some veterans prevents them from working.

The burden of post-traumatic stress disorder compounded by physical ailments creates a stressful environment for families. As a result, the effects of war reverberate throughout society because the depressed state of veterans can affect the well-being of family members. Caring for sick veterans is expensive, even when they receive philanthropic and government support. As such, it risks depleting scarce resources. Such circumstances depress the productivity of those associated with veterans and restrict the supply of labor when employees leave the workforce to take care of nurses. Finally, taking into account the effects of the war, it should be noted that the affected ex-combatants place additional pressure on the health sector, minimizing the quality of care that could be provided to other patients in their absence.

Politicians and intellectuals may project the rhetoric that wars are in our long-term interest, but the facts show that on average their results are detrimental to the utility and well-being of citizens.

* About the author: Lipton Matthews is a researcher, business analyst and contributor to Merion West, The Federalist, American thinker, Intellectual Takeout, mett.org, and Imaginative curator. Visit his YouTube channel, with numerous interviews with a variety of academics, here. He can be contacted at [email protected] or on Twitter (@matthewslipton).

Source: This article was published by the MISES Institute


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The triumph of capitalism – Stabroek News https://after-hours.org/the-triumph-of-capitalism-stabroek-news/ Tue, 28 Dec 2021 06:04:15 +0000 https://after-hours.org/the-triumph-of-capitalism-stabroek-news/ Mr. Editor, This month marks the 30th anniversary of the official end of the USSR and its disastrous experience of communism: a system with its internal contradictions that has miserably failed humanity. The winning philosophy, capitalism, a more economically efficient system that can better harness human creativity, ingenuity, which reinforces a socio-political arrangement that gives […]]]>

Mr. Editor,

This month marks the 30th anniversary of the official end of the USSR and its disastrous experience of communism: a system with its internal contradictions that has miserably failed humanity.

The winning philosophy, capitalism, a more economically efficient system that can better harness human creativity, ingenuity, which reinforces a socio-political arrangement that gives primacy to individual autonomy and expression, has triumphed.

Think about these visionary leaders and the technologies they introduced, all from a system that now defines the way we work and live: Bill Gates (Microsoft), Steve Jobs (Apple), Jeff Bezos (Amazon) , Tim Berners-Lee (Internet), Larry Page (Google) and Mark Zuckerberg (Facebook). Their uncompromising vision, including a passion for changing the world, a willingness to take risks and a keen business sense, now defines the company. Could you imagine a world without email, the internet, smartphones and social media? Here are some more glimpses of how capitalism has contributed to the greater good of mankind.

Capitalism has created the environment to produce a range of new technologies that are fundamentally changing the way we work, live, do business and relate to each other with revolutionary tools such as blockchain, digital transformation, 5-G networks, financial technology, artificial intelligence, cloud computing, robotics, Internet of Things, autonomous vehicles, 3D printing and biotechnology approaching critical mass in a constantly changing world evolution. Digital natives like Airbnb, Uber, and Spotify have all revolutionized the hospitality, taxi, and music industry through cutting costs and lowering customer expectations, all in a capitalist system.

Apart from the above, behemoths such as General Electric (GE), General Motors (GM), Ford, Proctor & Gamble, Deer, Caterpillar, Boeing, Shell, Exxon, Hewlett-Packard, AT&T, Pfizer, etc., and other large companies in industrial products, building materials, machinery, equipment, consumer products, agriculture, food production, information technology, finance, investment and commercial banking (including SWIFT – the global messaging system used by financial institutions which daily move billions around the world base), all have emerged from a capitalist system.

Capitalism laid the foundation for modern banking and finance, educational and industrial growth, the development of the arts, modern music, technological developments, advances in science and medicine – not to mention name a few. Non-traditional learning has played a central role in the history of continuing education. The system whereby any person, with stipulated prerequisite qualifications, could register as an external student of a university or professional body and, in due course, take an examination of an exactly parallel level to that of residential students, was certainly one of the notable educational inventions since its genesis in the 19th century under capitalism. It also offered the possibility of obtaining a degree or a title to thousands of people who had not had the opportunity to enter a university.

The fusion of three key factors, all from a capitalist environment, changed the world forever; the printing press, the Hindu-Arabic numerals from 0 to 9 (which gave birth to market capitalism and the creation of wealth) while creating double-entry accounting. The human concept of wealth, its measures, its creation and its distribution could not have been achieved without these factors.

The world owes India a great deal for these monumental changes triggered by the digits 0-9 which in turn were used to develop the current double-entry bookkeeping and ultimately led to human progress in many systems. Our lives are now interwoven with financial and non-financial numbers. When you examine a financial statement or report, you are essentially looking at the use of the numbers 0 through 9 in all their forms to measure financial health, growth, and performance. The death of Latin as the universal language of Europe and its gradual replacement by the language of science, whose foundation was mathematics, was made possible by the Hindu-Arabic numerals 0 to 9 which played a central role. Numbers made possible the triumph of science and the rise of mathematics as a universal language.

Double-entry accounting drove Europe’s new economic engine: industrialization which in turn gave birth to joint-stock companies and a new profession – accounting – the presentation and interpretation of accounting results in double entry to assess performance and financial position on a given date.

Double-entry bookkeeping has also played a key role in world history and the development of capitalism. Almost all requests for business information were met under double entry accounting. It allowed the recording and interpretation of commercial transactions; distinction between capital and income; private spending and differentiated business costs; and produces data for decision making. It gave rise to accounting and other subjects related to accounting: auditing, cost accounting, management accounting and financial management.

Capitalism has changed the world more than all of its wars, revolutions and revolts in history. It created more prosperity and progress for more people than any other system in the history of mankind. It lifted hundreds of millions of people out of poverty, reshaped the world time and time again with revolutionary technologies, and created a global middle class that enjoys a way of life unmatched in all of history. Indeed, capitalism has created more prosperity and progress for more people than any other system in human history.

Yours faithfully,

Lal Balkaran


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Daily COVID-19 case rates have now surpassed Delta’s US outbreak Hospitalizations have yet to measure up https://after-hours.org/daily-covid-19-case-rates-have-now-surpassed-deltas-us-outbreak-hospitalizations-have-yet-to-measure-up/ Sun, 26 Dec 2021 14:48:54 +0000 https://after-hours.org/daily-covid-19-case-rates-have-now-surpassed-deltas-us-outbreak-hospitalizations-have-yet-to-measure-up/ As the highly contagious variant of the Omicron coronavirus continues to spread across the United States. This holiday season, the rate of detected daily COVID-19 cases has eclipsed those fueled by the Delta variant over the summer. COVID-19 hospitalizations remain relatively lower than peaks at the start of the year, but the situation could worsen […]]]>

As the highly contagious variant of the Omicron coronavirus continues to spread across the United States. This holiday season, the rate of detected daily COVID-19 cases has eclipsed those fueled by the Delta variant over the summer.

COVID-19 hospitalizations remain relatively lower than peaks at the start of the year, but the situation could worsen as tens of millions of Americans remain unvaccinated, putting them at risk. higher risk for complications and death.

Health and government officials have warned that the Omicron variant threatens to overwhelm hospitals and healthcare workers.

“While there are fewer hospitalizations, that doesn’t mean zero. There are many places in the country where hospitalizations are increasing now,” Dr. William Schaffner, professor at Vanderbilt University Medical Center, told Poppy Harlow on Friday. from CNN.

More than 69,000 Americans were hospitalized with COVID-19 on Christmas Eve, according to the data from the US Department of Health and Human Services.

An increase of about 2% from last week, the figure remains below maximum hospitalizations during the delta outbreak and is half of January’s record.

But experts note that hospitalization figures tend to differ over time as some illnesses worsen, and researchers are still work to determine if Omicron is less likely to cause serious illness.

Twelve states have seen an increase of at least 10% in COVID-19-related hospitalizations in the past week compared to the previous one, according to HHS data.

This comes against the backdrop of a 48% increase in Covid-19 cases from last week, bringing the U.S. average of new daily cases to 182,682, according to Johns Hopkins University.

The number of cases exceeding the summer outbreak is a sobering indication of the spread of Omicron, as it quickly became the The most widespread variant in the United States this week.

And as COVID-19 testing shortages have led to long lines in many metropolitan areas before Christmas, some pockets of the country are reporting flare-ups.

COVID-19 cases in Los Angeles County have nearly tripled in the past week, reaching 9,998 new cases for its roughly 10 million people, according to public health data. Hospitalizations, however, remained stable.

New York state broke its own daily record for COVID-19 cases on Friday, when it reported 44,431 new cases, a 14% increase from Thursday.

“It’s no surprise,” said New York Governor Kathy Hochul. “It’s a very, very contagious variant.”

Hospitalizations in the state are also on the rise, but at a lower rate. Data on Friday showed that 4,744 New Yorkers were receiving COVID-19 treatment in hospitals, marking a 4.6% increase from Thursday.

THOUSANDS OF CANCELED CHRISTMAS FLIGHTS

The spread of the Omicron variant can also be partly blamed on thousands of flight cancellations across the world during the Christmas vacation when millions of Americans travel get together with family and friends.

At 11 a.m. ET on Christmas Day, Delta Air Lines canceled nearly 300 flights on Saturday and United Airlines recorded about 240 cancellations, according to the tracking website. FlightAware.

And while the weather may have been the reason for the cancellations, Delta and United have admitted struggling with staff due to the Omicron variant.

“Over 150 cancellations per day are expected Saturday and Sunday”, Delta said in a press release Friday.

JetBlue Airways on Christmas morning also canceled 120 flights, accounting for 12% of their scheduled trips, according to FlightAware.

SHORTENED ISOLATION PERIODS

The United States Centers for Disease Control and Prevention announced on Thursday a shortening of the isolation period for health workers who test positive for COVID-19. As long as they are asymptomatic and the test is negative later, the time limit can drop from ten days to seven.

“This isolation time can be further reduced in the event of a staff shortage,” the CDC said in a statement, noting an increase in COVID-19 cases due to Omicron.

The agency also recommended that healthcare workers do not need to quarantine “following high-risk exposures” to the virus if they are vaccinated and boosted.

Quarantine refers to those who have been exposed but have not been diagnosed with infection, while isolation refers to those who test positive.

Meanwhile, New York state launched a more extensive isolation policy on Friday, which allows essential workers fully vaccinated and tested positive for COVID-19 to return to work after five days if they have no symptoms and had no fever for 72 hours, the governor mentioned.

Hochul did not explicitly define who is considered an essential worker, but she explained that it includes those working in healthcare, sanitation, grocery stores, pharmacies and restaurants.

CNN medical analyst Dr Leana Wen said on Friday she supported the new isolation rules.

“I think it’s really important for us to do that, because at this point we are facing a potential collapse of our critical infrastructure,” Wen said. “This is why for healthcare workers it is so important that we preserve the ability of our hospitals to function – but also public transportation and grocery stores as this holiday season approaches. And so many other essential workplaces may in fact have a severe shortage of workers. “

AVOIDABLE HOSPITALIZATIONS COST BILLIONS, ESTIMATED TO FIND

As hospitals and health officials prepare for Omicron, more research is underway to analyze the early stages of the pandemic.

During the Delta wave that began over the summer, there were an estimated 690,000 preventable hospitalizations for COVID-19 in the United States that cost nearly US $ 14 billion, according to new estimates from the Kaiser Family Foundation.

About 1.2 million hospital admissions were recorded between June and November 2021, according to data from the U.S. Department of Health and Human Services.

For their analysis, KFF used data from the CDC to estimate that 85% of those hospitalizations were unvaccinated people.

Hospitalizations for which COVID-19 was not the main cause were excluded, as well as those which could not have been avoided by the vaccines because they are not 100% effective.

Using various studies, KFF estimated that the average hospitalization would cost around US $ 20,000, and preventable COVID-19 hospitalizations totaling US $ 13.8 billion over a six-month period.

“The monetary cost of treating people unvaccinated for COVID-19 is borne not only by patients but also by society in general, including public programs funded by taxpayers and private insurance premiums paid by workers, businesses and individual buyers, ”the analysts wrote.

“While there is of course a societal cost to developing and distributing vaccines, vaccines save the U.S. healthcare system money in the long run by avoiding costly hospital admissions.”


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