Drinking Places - Alcoholic Beverages

NAICS 722410: This industry comprises establishments known as bars, taverns, nightclubs, or drinking places primarily engaged in preparing and serving alcoholic beverages for immediate consumption. These establishments may also provide limited food services.

 




click each Key Ratio box below to view Benchmarks charts

Benchmarks

 

Have Questions? Get Answers Fast!

 See The ROI's Retail Benchmarks Resource Center.

Quick What, Why & How answers. All FREE!


Reminders

The segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System.

The ROI has selected 6 Key Ratios for retailers to monitor:

Pre-Tax Profit % • Gross Margin % • Inventory Turnover • Debt-to-Worth Ratio • Current Ratio • GMROI (Gross Margin Return on Inventory Investment)

And, The ROI has selected 6 Key Ratios for restaurant & food service operators to monitor:

Pre-Tax Profit % • Gross Margin % • Inventory Turnover • Debt-to-Worth Ratio • Current Ratio • Operating Expenses % of Sales

The ROI presents 5-Year Trend Charts of only the median value reported for each of these key ratios.

You may need to examine the benchmark numbers in more than one segment to get perspective on your own performance, particularly if your operation does not exactly fit the NAICS category.

see below for source for benchmark numbers

©Copyright, The Retail Owners Institute®. Benchmark Trend Charts based on data from Risk Management Association Annual Statement Studies, 2018/2019.  www.rmahq.org




Nagging Owner Issues


Find Your Ratios

"How and when can these benchmark numbers be used?"

For perspective 

• Calculate these ratios for your own business, and then see how you compare to your retail industry segment.

For goal setting 

• Use these benchmarks when you are setting your own target ratios for the next year.

For preparation 

• Seeking a bank loan for your business? The bankers will look at these industry benchmarks as they assess your store's performance. 

For understanding 

• The credit departments of your vendors and landlords will examine your ratios to assess your credit worthiness.

For saving time 

• Use The ROI's Key RATIOS Calculator to quickly calculate your own ratios. 

 

Have questions?

Get answers at The ROI's Retail Benchmarks Resource Center. Free to everyone to use

  1. See the how-to article: Go Figure! How to Calculate Your Key Ratios - in 12 Seconds Each!
  2. Watch and listen to the recorded webinar: The Retail OWNER'S DASHBOARD

Very quickly, you can see how and why to monitor the true "vital signs" of your business. 

 

About the Retail Segments

The segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System (NAICS).

The top of each Retail Segment Page on The ROI site includes the NAICS code and the NAICS definition for that industry segment.
 

About the Key Retail Ratios

The ROI has selected six key ratios (from the abundance of ratios available) that are particularly important for retailers to regularly monitor and manage. See The ROI's Benchmarks Resource Center to learn more about these key ratios for retailers.

The ROI's exclusive Retail Benchmark Trend Charts show the median value reported by Risk Management Association's Annual Statement Studies for each of these key ratios each year.

Remember, there also is a Top Quartile – and Bottom Quartile – of results for every segment. See your local library for those details.

Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"