Wednesday, March 10, 2010

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

Fin Freedom - Partner
Convenience Stores
NAICS 45120: This industry comprises establishments known as convenience stores or food marts (except those with fuel pumps)
primarily engaged in retailing a limited line of goods that generally includes milk, bread, soda, and snacks. 
 
Convenience Stores
NAICS 45120: This industry comprises establishments known as convenience stores or food marts (except those with fuel pumps)
primarily engaged in retailing a limited line of goods that generally includes milk, bread, soda, and snacks. 
 
More Info for C-Store Retailers
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Compare Your Store
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See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.



Next Steps
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Current RatioGross MarginReturn on AssetsDebt to WorthProfitTurnover

convenience stores current ratio trends

See below for source for benchmark numbers.
About Benchmarks
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The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  Compare your store's performance to others in your particular retail niche. This can provide valuable perspective - and even peace of mind! - for retail owners.

The segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System. Retailers may need to examine the benchmark numbers in more than one segment to get perspective on their own store's performance, particularly if their store does not exactly fit the NAICS category.

The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  Compare your store's performance to others in your particular retail niche. This can provide valuable perspective - and even peace of mind! - for retail owners.

The segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System. Retailers may need to examine the benchmark numbers in more than one segment to get perspective on their own store's performance, particularly if their store does not exactly fit the NAICS category.

Retail Business Insights
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Cash Discounts
The tenth of each month, for most retailers, is a critical "payables day". Do not miss taking cash discounts, i.e., 2/10/EOM. Consider this: when a payable due on the 10th of the month is not paid until the 30th, it loses the 2/10/EOM cash discount, and "costs" the equivalent of a 36% annual interest rate. (The 20 days taken is 1/18th of a 360 day year, times 2%, equals 36% equivalent interest.) That's why bank loans are relatively cheap.
Find Out More

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org

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