Archive for February, 2009

“Sageworks 7″ Industries with Highest Accounts Receivable Days

Wednesday, February 25th, 2009

Below is Sageworks list of the 7 industries that took longest to collect payment for their services/products over the last 12 months (upwards of 48 days). You will see that 6 of the 7 industries are related to construction and real estate; perhaps to offset sluggish sales, the average company in these industries is allowing customers to pay more leniently. All of the industries saw their accounts receivable days increase from 2007.

“Sageworks 7″ Industries with the Highest Accounts
Receivable Days Over the Last 12 Months
Rank
Industry
Financial Metric
2008
2007
1
Architectural, Engineering, and Related Services
Accounts Receivable Days
50.5
43.5
2
Utility System Construction
Accounts Receivable Days
50.1
52.7
3
Coating, Engraving, Heat Treating & Allied Activities
Accounts Receivable Days
49.7
45.2
4
Architectural & Structural Metals Manufacturing
Accounts Receivable Days
49.3
47.6
5
Building Finishing Contractors
Accounts Receivable Days
49.1
46
6
Nonresidential Building Construction
Accounts Receivable Days
49.0
50.6
7
Building Equipment Contractors
Accounts Receivable Days
48.5
46.1

Dealerships Are Seeing Sales/Profits Per Employee Plummet

Wednesday, February 25th, 2009

Sageworks just released the following data which shows sales per employee at new car dealerships has decreased by over $150,000 in 2008. Profit per employee decreased to only $349 from $4,173 - these statistics are further evidence of how the crisis with the Big 3 is affecting Main Street.

Industry
Financial Metric
2008
2007
2006
New Car Dealers
Sales Per Employee
465,556.38
620,571.82
615,596.98
New Car Dealers
Profit Per Employee
349.2
4,173.40
4,323.95

The Sageworks 7: Worst Retail Industries of 2008

Tuesday, February 10th, 2009

“Sageworks 7″ Worst-Performing Retail Industries in 2008
Rank
Retailers
Financial Metric
2008
2007
1
Automobile Dealers
Sales % Change
-11.77%
3.18%
2
Furniture Stores
Sales % Change
-6.36%
-0.30%
3
Home Furnishings Stores
Sales % Change
-5.93%
1.42%
4
Other Motor Vehicle Dealers
Sales % Change
-5.08%
1.59%
5
Building Material and Supplies Dealers
Sales % Change
-4.97%
-2.00%
6
Clothing Stores
Sales % Change
-3.19%
4.07%
7
Automotive Parts, Accessories, and Tire Stores
Sales % Change
-0.42%
2.51%