Prosperity amid adversity
The Philippine Daily Inquirer, the country’s most influential news and information organization, and international market research company Statista present the Philippines’ Growth Champions 2021.
Methodology The Philippines’ Growth Champions 2021
The Philippines’ Growth Champions 2021s is a list of the Top 25 companies in the Philippines that have achieved the highest percentage growth in revenues between 2016 and 2019.
The project was advertised online and in print, allowing all eligible companies to register via the websites created by Statista and the Philippine Daily Inquirer. In addition, through research in company databases and other public sources Statista has identified hundres of companies in the Philippines as potential candidates for the growth ranking. These companies were invited to participate in the competition by email, Linkedin and telephone.
The application phase ran from 1st December 2020 to 6th February 2021. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.
Criteria for inclusion in the list
To be included in the list of the Philippines’ Growth Champions, a company had to meet the following criteria:
– Revenue of at least ₱5,000,000 generated in 2016
– Revenue of at least ₱50,000,000 generated in 2019
– The company is independent (acts largely independently in its business decisions and does not receive significant sales from parent or related companies)
– The company is headquartered in the Philippines
– The revenue growth between 2016 and 2019 was primarily organic (i.e. “internally” stimulated)
Calculation of CAGR
The calculation of company growth rates is based on the revenue figures submitted by the companies.
The compound annual growth rate (CAGR) was calculated as follows:
Evaluation and quality assurance
All data reported by the companies was processed and checked by Statista. Missing data entries (employee numbers, address data, etc.) were researched in detail. Companies that did not fulfill the criteria for inclusion in the ranking were deleted.
The ranking of the Philippines’ Growth Champions was created through a complex procedure. Although the search was very extensive, the ranking does not claim to be complete, as some companies did not want to make their figures public or did not participate for other reasons.
Special Report released in Philippine Daily Inquirer
Below are the images from the 6-pager supplement of Philippine Daily Inquirer, released on March 29, 2021:
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