I understand the flaws in the numbers. That is why I only say that it is something in very rough terms. But one of the things about averages is that the things you talk about "averge" out. Many expenses relative to running a business are related to the head count, like health insurance, social security, rent, computers, phones, and utilities, 401(k)'s, etc. Some more than others of course. Other expenses like the ranges in salaries and the mix, make for greater "lumpiness". The more the number of employees, it is likely more meaningful, though.
If I were to look at those ratio's, without knowing anything about the business, I would guess that there are either a great percentage of unskilled workers, or they only worked part time. On a revenue per employee basis, they are seemingly not very productive. $40K revenue per employee in the most recent year 1995 does not indicate to me that they would likely be a higher p/e company.
But it probably is all irrelevant as I doubt the connection to PRWT is that strong. Even if it were, Executive Mortgage Bankers doesn't look like very deep pockets for the kinds of businesses PRWT is saying they are starting. Which I guess is my real point in all of this. |
