Benchmarks are key financial ratios developed from information provided by businesses on activity statements and tax returns that can help you compare your business performance against similar businesses in an industry group.
Fortune Business Brokers offer you the opportunity to benchmark your business against similar businesses across Australia. Benchmarking can help you identify areas of your business that may need special attention.
Benchmarking can include:-
Annual Turnover Range
Average Cost of Sales
Total Expenses to Turnover
Average Total Expenses
Total Non-Capital Purchases to Total Sales
Labour to Turnover
Rent to Turnover
The key Benchmark for your industry may be Cost of Sales to Turnover or Total Expenses to Turnover?
Interested to find out? Email Fortune with your industry type and we will email your industry benchmark report.