Top 250 Guide 2002

Guide To The Hawaii Business Top 250 2002

August, 2002

There are more than 250 companies in Hawaii that had gross annual sales of more than $17 million in 2001. Some of those companies do not appear in this year’s Hawaii Business Top 250 list for three reasons: their Mainland or international parents do not provide data for Hawaii-based operations (Costco, CompUSA and IBM); the company is Hawaii-owned but lacks sufficient data; or the company is Hawaii-owned but refuses to disclose its annual gross sales (Zippy’s and Foodland Supermarkets).

Also excluded from the list were Hawaii-based operations with gross annual sales that traditionally are lumped together with the parent company’s total national or international sales.

Hawaii Business researchers, for the most part, 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 one 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 advises exercising extra caution with the Top 250 list. The magazine does not assume any liability for the absolute correctness of the information printed in these rankings.

Only parent companies are ranked. Subsidiary companies with annual gross sales high enough to rank in the Hawaii Business Top 250 list (e.g. Matson, a subsidiary of Alexander & Baldwin Inc.), appear in a separate chart in this issue (see “Largest Subsidiaries” page 109). 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 improvement over the previous year and by the number of employees.
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 people 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 state, on the mainland or overseas. For a company whose parent is located 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 $17 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 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 DBA’s, subsidiaries and divisions.

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