Guide To The 2003 Hawaii Business Top 250
Although we call it the Top 250 list, we are aware that there are more than 250 companies in Hawaii that generated gross annual sales of more than $16 million in 2002. Some of those companies do not appear in this year’s list for three reasons: their U.S. mainland or international parents do not provide data for Hawaii-based operations (Costco, CompUSA and IBM, for example); the company is Hawaii-owned but lacks sufficient data; the company is Hawaii-owned but refuses to disclose its annual gross sales (Zippy’s and Foodland Supermarkets, for example).
Also excluded from the list are Hawaii-based operations with gross annual sales that traditionally are lumped together with the parent company’s total national or international sales.
For the most part, Hawaii Business researchers were able to find information this year, using national databases, annual reports and other methods. Estimates produced by national data-collection services remain open to error, but the level of confidence is high, given the extensive research and analysis.
No single information source (Hawaii Business uses several separate databases) is perfect. Whether computerized or printed, the databases may all reflect some degree of human error, and undoubtedly, some companies that should have been included do not appear on this list.
Since most of the information found in national print and online databases are at least 1 year old, they are used only as a starting point. Honolulu-based Mattson-Sunderland Research & Planning Associates Inc., on behalf of Hawaii Business, contacts companies to verify or update information. Once the information is confirmed, then the company is ranked.
Hawaii Business does not assume any liability for the absolute correctness of the information printed in these rankings.
Only parent companies are ranked. If the parent itself was a subsidiary, researchers identified and reported the ultimate parent.
OVER THE YEARS, HAWAII BUSINESS HAS DEVELOPED A NUMBER OF DEFINITIONS WHEN CLASSIFYING DATA:
Rank: A company’s placement on the list. If annual gross sales were equal, companies were ranked according to sales drops and gains compared with the previous year.
Gross Annual Sales: The latest available annual company revenues for the local operations and its subsidiaries. Revenues may be for the calendar year or for the fiscal year.
Employees: In most cases, the figure reflects persons working 20 hours or more per week.
Parent Company: This refers to the parent of the ranked company.
For companies with headquarters in Hawaii, “sales” reflect the revenues of the company and all of its subsidiaries in the state, on the Mainland or overseas. For a company with headquarters outside of Hawaii, revenues reflect Hawaii sales only.
“Sales” figures for banks include total interest income plus total non-interest income.
“Sales” for life-insurance companies are reported on a consolidated basis and reflect the total of premiums and annuity considerations; commissions; allowances on reinsurance ceded; and miscellaneous income.
AN INVITATION TO UNRANKED COMPANIES
If your company has gross annual sales in excess of $16 million, you are encouraged to submit information directly to Hawaii Business for consideration in next year’s Top 250 list.
THE REQUIREMENTS ARE:
• A sales volume that is high enough to qualify. For definition of “sales” by industry, see above explanation.
• A cover letter from a certified public accountant attesting to those submitted figures.
• A completed information sheet on your company: key executives, number of employees, parent company and a list of operating DBAs, subsidiaries and divisions.