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
Hardware Stores
NAICS 444130: This industry comprises establishments known as hardware stores primarily engaged in
retailing a general line of new hardware items, such as tools and builders hardware.
 
Hardware Stores
NAICS 444130: This industry comprises establishments known as hardware stores primarily engaged in
retailing a general line of new hardware items, such as tools and builders hardware.
 
Hardware Retailers - More Business Info
Minimize
Compare Your Store
Minimize
See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.



Next Steps
Minimize
Current RatioGross MarginReturn on AssetsDebt to WorthProfitTurnover

hardware stores current ratio trends

See below for source for benchmark numbers.
About Benchmarks
Minimize

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
Minimize
Costs of "Excess" Inventory
Get this: "Excess" inventory can cost up to 30% per year. That's right. If you paid $10 for a $20 retail item on January 1, and had it all year, studies have shown that the "creeper" costs (handling, advertising, interest, etc) bring the true cost to $13.... And the retail for that year-old item will have fallen to what?
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

Privacy Statement  |  Terms Of Use
Copyright 1999–2010 by The Retail Owners Institute®