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Competitor Comparisons Crucial to Pinpointing Areas for Improvement Chicago, IL – The National Automatic Merchandising Association’s (NAMA) Key Indicators to Success: 2006 Operating Report is now available, Patrick P. Caffarelli, NAMA’s Chief Financial Officer, Assistant Secretary-Treasurer announced today.Compiled by Profit Planning Group, the report provides detailed financial results of vending, manual foodservice and office coffee service firms, and is based on 2005 income statement, balance sheet and operating data provided by over 100 participating firms. “The tables and graphics in this report will allow Vending, Coffee Service and Foodservice Management operators to compare their performance against industry data in important categories including sales and gross profit by product, ROI and inventory turnover,” said Caffarelli. “It is particularly valuable for small companies because it provides critical insights about profitability as experienced by the industry’s most successful firms,” he added. Almost all of the figures provided in the report are medians, the middle number of all values reported from lowest to highest. The report is organized into sections: • Executive Summary – Financial reports varied widely within the industry last year. The typical firm had sales of $4,475,512 and a pre-tax profit of 1.5 percent, while the high profit firm had sales of $3,982,975 and a profit of 3.6. percent. The typical firm had a pre-tax return on assets (profit before taxes expressed as a percentage of total assets) of 5.1 percent. For the high profit firm the number was 14.8 percent. The report includes the factors which led to the differences in results. • Management Discussion – An overview of the performance of NAMA members in 2005 are presented by both level of profitability and size of firm. It is based on over 100 firms generating an aggregate sales volume of $8,149,137,456. • Detailed Results – In-depth reporting of return on investment, income statement, balance sheet, financial ratios and productivity rations is provided with commentary and graphs to show the importance of these statistics. • Comparison of Results for 2005 and 2004 – This section gives a complete review of the typical firm’s results compared to last year. • Regional Analysis – To evaluate regional differences, the reporting firms were grouped by NAMA areas. Firms operating in more than one region were classified in the “multi-region” category. • Vending Trend Analysis – This section shows how performance has changed over time on important measures for firms with vending operations. • Appendix – An overview of the survey methodology, the participation profile and detailed information on the calculation of the financial ratios for this report are listed. NAMA participants in the study received a copy of the 2006 Operating Ratio Report, a personalized Performance Analysis Report and access to Profit Toolkit Online, a Microsoft-Excel based application designed to help the firm in its financial planning process. “NAMA members may think they are doing fine, but when compared to others they may find out there are areas that could be improved,” concluded Caffarelli. Key Indicators to Success: 2006 Operating Ration Report is available for purchase. Cost is $200 for NAMA members, $350 for non-member. For more information call 312-346-0370 or visit www.vending.org/store/. NAMA is the national trade association of the merchandise vending, office coffee service and contract food service industries. Its membership is comprised of service companies, equipment manufacturers and suppliers of products and services to operating service companies. The basic mission of the association, to collectively advance and promote the automatic merchandising and Coffee Service industries, still guides NAMA today as it did in 1936, the year of the organization’s founding. The organization relies solely on membership dues, Expo revenues and the generous donation of its sponsors. July 10, 2006 |
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