India Ranks 4th With 24 Firms in ‘Forbes Asia Best Under A Billion
With 24 firms of Forbes latest list titled “Best Under A Billion”, India ranks fourth among Asian countries with best mid-sized companies in the Asia-Pacific region. Forbes Asia published its 2022 edition of the best 200 mid-sized companies in the Asia-Pacific region last week. These are publicly listed companies with annual revenue of below one billion dollars. Last year, the country had 26 firms on the list.
However, with 24 firms on the list, India on the fourth position remained one position ahead of China which has 22 companies on the list. Taiwan has the greatest number of companies listed at 30, followed by Japan with 29 and South Korea has 27.
The list which is unranked was compiled from a long list of over 20,000 publicly traded companies in the Asia-Pacific region with annual sales of above USD10 million but less than USD1 billion.
What Is Forbes’ Best Under A Billion list?
Forbes Asia says that the list is meant to identify companies with long-term sustainable performance across a variety of metrics. A composite score was created using data collected in such areas as debt, sales, and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one and five-year average return on equity. Forbes used full-year annual results, based on the latest publicly available figures as of July 11, 2022.