Industry Financials
How to evaluate financials of a company in the Heating, ventilation, air conditioning and refrigeration industry?
1. Revenue and Growth: The first step in evaluating a company's financials in the HVACR industry is to look at their revenue and revenue growth over the last few years. This will give an idea about the company's performance and how it compares to its competitors. A consistently growing revenue shows a healthy and profitable business.
2. Profit Margins: HVACR companies typically have low profit margins due to high competition and costs. Therefore, it is important to analyze the company's profit margins and see if they are stable or declining. A company with declining profit margins may indicate inefficiencies in their operations or pricing strategies.
3. Costs and Expenses: It is important to examine the company's costs and expenses, as these can significantly impact their profitability. Look at the breakdown of their expenses, including materials, labor, and overhead costs. High material costs can indicate a reliance on specific suppliers or potential supply chain issues.
4. Debt and Liquidity: Analyzing a company's debt and liquidity position is crucial in determining its financial health. Look at the company's total debt, debt-to-equity ratio, and interest coverage ratio. A high level of debt can be a cause for concern, especially if the company has a weak cash position.
5. Cash Flow: Cash flow is the lifeline of any business, and it is essential to evaluate a company's cash flow to understand its financial stability. Look at the company's operating, investing, and financing cash flows to see if they are positive or negative. A company with positive cash flows can reinvest in its business and fund its debt obligations.
6. Efficiency and Productivity: Efficiency and productivity metrics, such as return on assets (ROA) and return on equity (ROE), can provide insights into a company's management and operational performance. A company with high ROA and ROE may indicate effective management and strong operational performance.
7. Industry Trends: It is important to stay updated with the latest trends and developments in the HVACR industry. Look at how the company is adapting to new technologies, regulations, and industry standards. A company that is responsive to industry changes is more likely to be successful in the long run.
8. Competition: Analyzing the competition in the HVACR industry is crucial when evaluating a company's financials. Look at their market share, pricing strategies, and product offerings to understand how the company differentiates itself from its competitors.
9. Management and Leadership: The management team and their track record are essential factors to consider when evaluating a company's financials. Look at their experience, reputation, and decision-making skills to assess their ability to guide the company towards sustained success.
10. Future Prospects: Finally, consider the company's future growth prospects, including expansion plans, strategic partnerships, and new product development. A company with a clear growth strategy and strong potential for future growth can be a good investment opportunity.
What are the cost structures and profit margins in the Heating, ventilation, air conditioning and refrigeration industry?
The cost structure in the Heating, ventilation, air conditioning and refrigeration (HVAC&R) industry can vary depending on the specific type of product or service being offered. Generally, it can be broken down into the following components:
1. Material costs: This includes the cost of components such as compressors, condensers, evaporators, thermostats, and other parts used in HVAC&R systems.
2. Labor costs: HVAC&R systems require skilled labor for installation, maintenance, and repair. Labor costs can include wages, benefits, and training expenses.
3. Overhead costs: This includes the cost of operating and maintaining facilities, equipment, and other indirect expenses such as insurance, taxes, and utilities.
4. Marketing and advertising costs: To attract customers, HVAC&R companies may incur expenses for advertising, promotions, and marketing materials.
5. Research and development costs: With advancing technology and the need for energy-efficient solutions, HVAC&R companies may need to invest in research and development to stay competitive.
Profit margins in the HVAC&R industry can also vary depending on factors such as market demand, competition, and the type of product or service being offered. In general, profit margins for manufacturers and contractors in the industry can range from 5-10%, with some segments such as refrigeration and commercial HVAC having higher margins.
Factors that can impact profit margins in the HVAC&R industry include the cost of raw materials, labor costs, overhead expenses, pricing strategies, and the level of competition in the market. Additionally, companies that offer maintenance and repair services may have higher margins due to recurring revenues from service contracts.
What is the size of the Heating, ventilation, air conditioning and refrigeration industry in terms of revenue and market share?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
How do fluctuations in input costs or external factors impact the Heating, ventilation, air conditioning and refrigeration industry economics?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What are the big costs in the Heating, ventilation, air conditioning and refrigeration industry?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average P/E ratio at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Dividend Payout Ratio ratio at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Return on Sales ratio at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Return on Assets ratio at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Return on Equity ratio at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Gross Margin at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
What was the average Operating Margin at the Heating, ventilation, air conditioning and refrigeration industry in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9PbThvQk9y SWZhV05MVGtEYmNnSy53 ZWJwIiBhbHQ9IlRyYW5l IFRlY2hub2xvZ2llcyIg dGl0bGU9IlRyYW5lIFRl Y2hub2xvZ2llcyIgY2xh c3M9ImltZy1mbHVpZCIg aGVpZ2h0PTkwIHdpZHRo PTkwIGxvYWRpbmc9J2xh enknPgoKICAgICAgICAg ICAgICAgICAgICA8ZGl2 IHN0eWxlPSdmbGV4OiAx OyB0ZXh0LWFsaWduOiBj ZW50ZXI7IG1hcmdpbi1s ZWZ0OiA1cHg7Jz4KICAg ICAgICAgICAgICAgICAg ICAgICAgPHAgc3R5bGU9 J2ZvbnQtc2l6ZTogMjZw eDsgY29sb3I6ICMzMzM7 IG1hcmdpbi1ib3R0b206 IDE1cHg7Jz4KICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIFdhbnQgdG8g cmVhZCBtb3JlIGFib3V0 IFRyYW5lIFRlY2hub2xv Z2llcz8KICAgICAgICAg ICAgICAgICAgICAgICAg PC9wPgoKICAgICAgICAg ICAgICAgICAgICAgICAg PGEgaHJlZj0naW5kZXgu cGhwP3BhZ2U9c2lnbnVw JyBzdHlsZT0nCiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBiYWNrZ3Jv dW5kLWNvbG9yOiAjMDA3 QkZGOwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICNmZmY7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBw YWRkaW5nOiAxMHB4IDIw cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICBib3JkZXItcmFkaXVz OiA1cHg7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IG5vbmU7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBmb250 LXdlaWdodDogYm9sZDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG1h cmdpbi1yaWdodDogMTBw eDsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IHRyYW5zaXRpb246IGJh Y2tncm91bmQtY29sb3Ig MC4zcyBlYXNlOycKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdmVyPSd0aGlzLnN0 eWxlLmJhY2tncm91bmRD b2xvcj0iIzAwNTZiMyIK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIG9u bW91c2VvdXQ9J3RoaXMu c3R5bGUuYmFja2dyb3Vu ZENvbG9yPSIjMDA3QkZG Ij4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IFNpZ24gdXAgZm9yIGZy ZWUKICAgICAgICAgICAg ICAgICAgICAgICAgPC9h PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPHNw YW4gc3R5bGU9J21hcmdp bjogMCA4cHg7IGNvbG9y OiAjNTU1Oyc+b3I8L3Nw YW4+CgogICAgICAgICAg ICAgICAgICAgICAgICA8 YSBocmVmPSdpbmRleC5w aHA/cGFnZT1sb2dpbicg c3R5bGU9JwogICAgICAg ICAgICAgICAgICAgICAg ICAgICAgY29sb3I6ICMw MDdCRkY7CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICB0ZXh0LWRlY29y YXRpb246IHVuZGVybGlu ZTsKICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGZvbnQtd2VpZ2h0OiA1 MDA7Jz4KICAgICAgICAg ICAgICAgICAgICAgICAg ICAgIGxvZyBpbgogICAg ICAgICAgICAgICAgICAg ICAgICA8L2E+CiAgICAg ICAgICAgICAgICAgICAg PC9kaXY+CiAgICAgICAg ICAgICAgICA8L2Rpdj4K ICAgICAgICAgICAgPC9k aXY+CgogICAgICAgICAg ICA=
