By Urs Dür
Every year the Rankings issuecauses as much controversy as applause and, hence, every year we at Marine Money try to make it better and more inclusive. The controversy arises from different interpretations of balance sheet and income (P&L) statement line items and the relevance of each of the tests to the public companies analyzed. This marks the third year that Rankings has been based on ratio analysis tests. 2000 Rankings, published in June/July 2001, had five tests over for 41 companies, with Coflexip Stena Offshore deemed the best performer. 2001 Rankings, published in July/August 2002, had 53 companies and eight tests, with D/S Torm the winner. This year, 2002 Rankings – with the dutiful assistance of Daniel Ahmad, our intern from The Yale School of Management and many years solving the world’s problems at the United Nations – consists of 60 companies – 18 having never before appeared – tested in nine ways to yield the best overall performer of 2002: Oceaneering International (NYSE: OII).
lic, traded for the full year of 2002 and had to have, by time of ranking in May 2003, printed and available income (P&L) and balance sheet statements for 2002.
This is only an excerpt of Rankings 2003 : Marking 2002 Performance
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Tags: · Carnival, Carnival Corporation, Farstad Shipping ASA, IM Skaugen, Leif Hoegh, Maritrans, Oceanering International, Rederei AB Gotland, Samundra, Seacor Smit, Torm
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