GET THE MOST OUT OF YOUR INDUSTRY FINANCIAL REPORT
This special summary version of Bizminer's industry Financial report is tailored to small business owners. It displays the same values as our complete Industry Financial series but with more limited years and line items.
The Bizminer Industry Financial Report presents detailed information to help you understand any firm’s position relative to the financial performance of similar firms in the industry. If you input your firm financials, comparison of dollar, percentage and financial ratio performance become an even more powerful benchmark of firm performance against industry standards. The results can help you understand your industry and become an important part of your toolkit that helps to guide management decisions. If you aren’t already, consider working with a qualified advisor to obtain personalized guidance.
To assist you, the report includes definitions of most line items and ratios; and (if you take advantage of the inputs tool) a simple scoring interface that compares your firm and the industry peer group you selected.
YOUR INDUSTRY PEER GROUP
When you accessed your Industry Financial Report, you selected a comparison peer group that most closely represents the character of your firm.
Your peers are determined through a series of criteria and can include your selections of:
- Industry Segment (of 5000 classifications)
- Market Area (US- State-Metro)
- Sales Class (of 15 available)
- Time Series (1-5 year display options)
YOUR INDUSTRY IN CONTEXT: THE NAICS CLASSIFICATION SYSTEM
The industry your selected fits within the official NAICS (North American Industry Classification System) and Bizminer’s proprietary taxonomy, which breaks out more detailed industries classifications than NAICS by adding up to eight decimal digits after the NAICS-6 code. The industry you selected fits into this industry hierarchy:
- NAICS 23: Construction
- NAICS 238: Specialty Trade Contractors
- NAICS 2382: Building Equipment Contractors
- NAICS 238220: Plumbing, Heating, and Air-Conditioning Contractors
The Bizminer Industry Financial Report is based on selected financial ratios that are typically considered to be Key Performance Indicators (KPIs) which includes:
Cash Flow/Solvency: Cash Flow ratios indicate a company’s ability to meet various levels of demand on cash and easily obtainable cash resources against current and anticipated near-term payments due.
Profitability: Profitability ratios compare levels of return against various expense and balance sheet components to measure your performance against reasonable industry peer group standards, indicating bottom line performance,
Efficiency: Efficiency ratios measure your success in marshalling resources at hand to effectively manage various components of your business operations. These indicators often point most specifically toward actions that could enhance your bottom line.
Debt-Risk: Debt-Risk ratios assess the appropriateness of a firm’s level of debt against the ability to pay, as well as the risk of insolvency.
If you submit corresponding inputs, ratios will be scored against industry values for the most recent three calendar years.
CUSTOMIZE YOUR REPORT
Customize any Bizminer Industry Financial Report with these options: Co-brand with your name and logo (and/or your client’s); input and benchmark firm financials; specify tables, ratios and years you want to display. Display options are On by default.