New Report: Small Businesses Experiencing Healthy Sales Growth And Profit Margins?

Sageworks a leading source of current industry data on privately held companies and they just released a surprisingly positive report on small businesses and private companies.

You can read the good news below. Comment and let us know what you think of it!

“Raleigh, N.C., April 28, 2014—Sageworks released its second Private Company Report of 2014 today. The report is a quarterly update on the health of American private companies and small businesses.

“The state of privately held companies appears to be relatively stable and strong, looking at their performance as shown in balance sheets and income statements. Statements ended in the past year show that businesses are growing sales at an annual rate of 8 percent, a rate that, despite being slightly lower than a year ago, indicates strong revenue growth. 

“Privately held businesses are also seeing higher net profit margins in the most recent period, at nearly 8 percent, than in previous years. A financial statement analysis of major sectors reveals similar trends of stability and strength for the retail, wholesale, construction and manufacturing industries.  Sageworks Chairman Brian Hamilton remarked that the report was, on the whole, ‘very positive.’

“The significance of Accounts Payable (AP) Days, as well as other measurements of a business’s cash conversion cycle, is explored in this quarter’s “In Focus” section. A list of sub-sectors with the lowest average AP Days, is also included in this section, with several health care and service industries leading the way.”

Click here to read the report.

Source: Sageworks.com

Photo from Search Engine People Blog

Related article