2011 MIA Fabricator Financial Survey Set
CLEVELAND – The Marble Institute of America (MIA) will conduct its fourth annual Fabricator Performance Analysis Survey late this month for participating members.
The benchmark survey compares a stone-fabrication company with similar firms and provides suggestions for improving profitability. The report is customized to the particpant’s company, and used by many firms when working with lenders to discuss loans and lines of credit.
And, this year’s fee is only $25, thanks to sponsorship of Laser Products Industries and Moraware.
Participating companies – after submitting their own financial statements in confidence – will receive a 23-page report that includes an executive summary of study results, focusing on the difference between a typical firm and a high-profit company.
The report then delves into in-depth reporting of the company’s return-on investment, income statement, balance sheet, financial ratios and productivity ratios. Management commentary is provided to focus on the importance of these operating statistics. A report
appendix provides notes the survey’s methodology and the calculation of the financial ratios.
“The value of the MIA Performance Analysis Report to me and my organization at its basic level is two-fold,” said Paul Menniger of Capitol Granite LLC in Midlothian, Va. “One, it quantifies what it is we do at all levels in ways we never dreamed of, particularly when addressing financial institutions and; two, it historically tracks my key performance indicators and anonymously compares them to other fabricators of similar size. The value created for the investment cannot be compared anywhere else.”
Dick Laliberte of Ripano Stoneworks Ltd. in Nashua, N.H, agreed that, “the MIA Report provides a scorecard that allowed our company to improve in areas where we may not be doing as well as the industry as a whole. We have found that just looking at your own historical data does not uncover weaknesses that you may have in your company. By comparing yourself to your peers you can spot the areas that need attention.”
To obtain a free copy of the 2010 survey that provides an overview of the study results, with emphasis on the difference between typical/high-profit companies, go here or contact Mike Loflin.
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