Profitworks launches Industry Benchmarking Report Service

Top Quote This press release is to indicate that Profitworks has launched a new industry benchmarking service for Canadian companies that can be purchased online. End Quote
  • (1888PressRelease) October 25, 2010 - Today Profitworks has launched a new industry benchmarking report service for Canadian small businesses. The reporting service provides reports that can be purchased for $199.99 and provides various key financial metric information for the chosen industry.

    The financial benchmarking can be completed by industry, business type (all businesses, incorporated or unincorporated), % of revenue and absolute dollar amounts.

    The reports include the following financial measures by total industry, top 50%, lower 50%, upper quartile, mid upper quartile, mid lower quartile and lower quartile.
    - revenue range
    - a complete income statement (including the below detailed reporting lines)
    - total revenue
    - cost of goods
    - wages and benefits
    - materials and sub-contracts
    - opening inventory
    - closing inventory
    - expenses
    - labour and commissions
    - amortization and depletion
    - repairs and maintenance
    - utilities
    - rent
    - interest and bank charges
    - professional and business fees
    - advertising
    - delivery, shipping and warehousing
    - insurance
    - other
    - net income
    - income statement presented as a % of revenue
    - interest coverage ratio
    - gross margin %

    The reports also include the following financial measures for profitable vs non profitable firms with a cross sectional split to display by total industry, top 50%, lower 50%, upper quartile, mid upper quartile, mid lower quartile and lower quartile
    - total revenue
    - total expenses
    - net profit

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