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Good News from Private Companies: Healthy Sales Growth and Profit Margins

 

Raleigh, N.C., April 28, 2014—Sageworks released its second Private Company Report of 2014 today. The report, which can be found in full here, 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.

 

 

About the Report

 

Sageworks releases a quarterly update on the health of privately held companies in the United States. It includes metrics on the average U.S. privately held company, as well as the performance of notable sectors and industries.

 

Private companies drive nearly 50 percent of private nonfarm GDP and 65 percent of new job creation in the United States; private-company financial performance as measured in this report is an essential gauge of the overall U.S. economy.

 

About our data

 

Sageworks possesses a proprietary database of privately held company financial statements aggregated by industry. Sageworks aggregates private-company financial statements from accounting firms, banks, and credit unions through a cooperative data model with their clients. The data is segmented and can be queried by 1,400 industry codes, 70 financial metrics, company size and geographic location.

 

About Sageworks

 

Raleigh, N.C.,-based Sageworks is a financial information company that provides financial analysis and industry benchmarking solutions to accounting firms and financial institutions. Sageworks’ data and applications are used by thousands of banks and accounting firms across North America. The company has been named to the Inc. 500 list of the fastest growing privately held companies in the U.S. and to the Deloitte Technology Fast 500.

 

Media Contact

 

Media Relations / Email: pr@sageworks.com / Phone: 919.851.7474 ext. 590 / Twitter: @sageworks