Industry Benchmarking Tool
The Industry Benchmarking Tool is a joint initiative between Statistics NZ and Inland Revenue to provide information on the financial performance of businesses in 45 industries.
Features of the Industry Benchmarking Tool
- provides data on the financial performance of small and medium enterprises (SMEs) grouped by the Australia and NZ Industrial Standard Classification (ANZSIC) categories
- includes performance benchmarks represented by key financial ratios such as: gross profit ratio; stock turnover ratio; salaries and wages to turnover ratio; return on total assets; return on equity; current ratio; quick ratio; and liability structure
- is updated annually and data is currently available for the 2010, 2011 and 2012 financial years
- makes data available for re-use in Excel and HTML formats.
The joint release ensures a common understanding of the data and its potential uses between Statistics NZ and Inland Revenue.
Access the Industry Benchmarks at www.ird.govt.nz/industry-benchmarks/. For more information see www.stats.govt.nz/tools_and_services/business-toolbox/industry-benchmarks.aspx.
Sources of data
The data is sourced from Inland Revenue, using the IR10 return provided annually by businesses to Inland Revenue. Statistics NZ edits the data to ensure that it is fit for industry benchmarking.
Where necessary, Statistics NZ adjusts the data to make sure no individual or business can be identified using techniques such as random rounding, collapsing categories and suppressing cells.
Extract from the tool
This tool enables businesses to:
- compare themselves with other like businesses and use the benchmarks to understand the competitive position of their business compared with similar sized businesses in their sector
- identify trouble spots or areas for improvement
- make operational, planning or budgeting decisions.
Businesses can get the information directly from the Inland Revenue website without having to contact Statistics NZ or Inland Revenue. Data downloads averaged 320 a month since the tool became available in April 2012.
Inland Revenue uses industry benchmarks, amongst other indicators, to identify where businesses may not be returning all their income or overstating their expenses.
30 April 2014 firstname.lastname@example.org
Re-use of this case study is licensed under a Creative Commons Attribution 3.0 New Zealand License.