Is your Business in the Superior Returns Sector?
Ever wonder how your industry scores in the returns sector? Well, if you are in the Business Services Industry, you get the green light for superior returns.
Where did I get this insight? From the SmartSamantha Industry Insight SmartCard, which premieres this week.
For example, it shows that most industries in Services – Business sector:
- Have revenue growth and asset utilization scores in the top 25% (the same or better than the 1st quartile) as indicated by the green arrows. Not bad!
- However, profitability is a mid-range performer (between the 1st and 4th quartile) as indicated by the yellow arrow.
- But there is an all-important balancing act where profitability combined with asset utilization determines return (read more in tomorrow’s Bizdom.) The Services - Business sector provides superior returns – they all have green arrows – because better asset utilization more than compensates for its mid-range profitability!
If you consider that one of the fastest growing sectors in the US is services, it makes a lot of financial sense. Why? The SmartCard shows green arrows for overall performance.
What is your industry’s return score and how does your business compare?
So take on the balancing act of superior returns in tomorrow’s Bizdom: Keeping Score (Part 1).