Jonathan Henrich

The Economic Cycle and Sector Rotation

Payables Turnover

DuPont Analysis

Earnings Yield > 2× AAA Bond Yield

Terminal Value:

Fixed Asset Turnover

Inventory Turnover

Growth Metrics

Days Inventory Outstanding (DIO)

Long-Term Debt-to-Capitalization Ratio

Book Value Growth Rate > 10%

Dividend Discount Model