the inside public accounting financial and …
TRANSCRIPT
PREPARED FOR Revenue
ABCD Company $24,699,511
Average All
Participating
Firms
Average All
$20 - $30M Firms
Average
2020 Top 25
Best of the Best
NET REVENUE Your Data
Net Revenue Growth Rate (Organic Only) 4.8% 272 of 507 6.1% 37 of 68 6.2% 15.8%
Net Revenue per Charge Hour $169.67 215 of 478 $170.32 30 of 65 $179.60 $205.19
Net Revenue per Equity Partner $3,819,583 44 of 501 $2,132,756 6 of 67 $2,467,864 $3,932,743
Net Revenue per Employee $214,182 133 of 500 $192,209 21 of 67 $196,949 $245,787
NEW: Net Revenue Per Work Hour $105.47 112 of 471 $93.39 20 of 65 $96.90 $117.88
Charge Hours per Professional Staff (Excl. Equity Ptnrs.) 1,672 27 of 478 1,405 2 of 65 1,368 1,480
Utilization (All Professional Staff Incl. Equity Ptnrs.) 81.3% 11 of 471 65.8% 1 of 65 64.6% 68.9%
Utilization (All Professional Staff Excl. Equity Ptnrs.) 82.3% 21 of 471 68.9% 1 of 65 67.1% 71.0%
Percentage of All Charge Hours by Professional Staff (Excl. Equity Ptnrs.) 92.8% 91 of 478 86.7% 16 of 65 89.3% 91.4%
Personnel Costs as Percentage of Net Revenue 53.3% 340 of 484 48.7% 35 of 65 51.2% 47.6%
Professional Staff : Administrative Staff Ratio 3.1 460 of 493 6.0 63 of 67 6.0 7.3
Professional Staff : Equity Partner Ratio 13.5 74 of 500 9.2 13 of 67 10.6 13.7
A/R - Days of Production Locked Up 47.8 247 of 486 52.6 37 of 65 48.9 43.8
WIP - Days of Production Locked Up 40.5 396 of 486 25.0 53 of 65 22.8 20.7
Net Income as Percentage of Revenue 32.5% 135 of 482 28.4% 14 of 65 26.5% 34.0%
Fully Loaded Net Income as Percentage of Revenue 27.8% 68 of 460 18.8% 7 of 63 18.2% 27.8%
Net Income Growth Rate (Organic Only) 2.5% 287 of 477 8.6% 40 of 64 7.3% 16.6%
Net Income per Charge Hour $55.08 137 of 473 $48.89 20 of 65 $48.77 $68.89
Fully Loaded Net Income per Charge Hour $47.25 84 of 460 $32.85 12 of 63 $33.27 $56.35
Net Income per Equity Partner $1,239,883 22 of 482 $561,656 7 of 65 $637,471 $1,183,762
NEW: Net Income per Work Hour $34.24 101 of 467 $27.00 13 of 65 $26.29 $40.69
Average Equity Partner Compensation $1,115,063 21 of 464 $502,417 4 of 62 $563,135 $1,003,303
Average Non-Equity Partner Compensation $282,017 65 of 365 $219,507 11 of 58 $228,275 $280,632
Average Professional Staff Compensation $102,181 59 of 471 $83,014 8 of 63 $85,569 $97,685
KEY =
Ranking
Among All
$20M - $30M Firms
MIDDLE 50% of
Responses
BOTTOM 25% of
Responses
TOP 25% of
Responses
Total response numbers will change due to the fact that not all respondents provided the requested data. Averages exclude all Big 4 data.
Ranking Among
All Participating
Firms
The Platt Group LLC / INSIDE Public Accounting
4000 W. 106th St., Suite 125-197, Carmel, IN 46032
Phone: (317) 733-1920 Web: www.insidepublicaccounting.com
Source: INSIDE Public Accounting National Practice Management Benchmarking Report / Copyright ©2021 The Platt Group / INSIDE Public Accounting
OPERATIONS
NET INCOME
COMPENSATION
THE 2021 IPA FINANCIAL AND OPERATIONAL REPORT CARD
SAMPLE DATA
YOUR NUMBER: 4.8% $214,182
YOUR NUMBER: 53.3% 1,672YOUR NUMBER:
YOUR NUMBER:
Distribution Graphs of Key Metrics for Firms $20 Million to $30 Million(Each vertical line represents a firm)
Source: INSIDE Public Accounting National Practice Management Benchmarking Report / Copyright ©2021 The Platt Group / INSIDE Public Accounting
Phone: (317) 733-1920 / Email: [email protected] / Web: www.insidepublicaccounting.com
-5%
0%
5%
10%
15%
20%
Net Revenue Growth (Organic)
MEDIAN = 5.4%
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Net Revenue per Employee (Includes All Partners and Firm Personnel)
^
MEDIAN = $189,382
30%
35%
40%
45%
50%
55%
60%
65%
Personnel Costs as a Percentage of Net Revenue
MEDIAN = 51.7%
1,000
1,100
1,200
1,300
1,400
1,500
1,600
1,700
Charge Hours per Professional (Excluding Equity Partners)
MEDIAN = 1,377
SAMPLE DATA
27.8% $1,239,883YOUR NUMBER:
Distribution Graphs of Key Metrics for Firms $20 Million to $30 Million(Each vertical line represents a firm)
Source: INSIDE Public Accounting National Practice Management Benchmarking Report / Copyright ©2021 The Platt Group / INSIDE Public Accounting
Phone: (317) 733-1920 / Email: [email protected] / Web: www.insidepublicaccounting.com
YOUR NUMBER:
0%
5%
10%
15%
20%
25%
30%
35%
Fully Loaded Net Income as a Percentage of Net Revenue
MEDIAN = 17.8%MEDIAN = $727,273
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
$1,200,000
$1,300,000
$1,400,000
$1,500,000
Net Income per Equity Partner
^
MEDIAN = $570,762
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SAMPLE DATA
Name
Firm
Mailing Address
City State
Zip Phone
Association
Email Address
AmountDue:
Payment:Check Visa MasterCard Amex
Card #
Exp. Date Security Code
Name
Billing Address
City State
Zip
2021 NATIONAL PRACTICE MANAGEMENT BENCHMARKING REPORT
PDF Report $889
Print Report $1,099
PDF & Print Report $1,099
2021 INTERNAL OPERATIONAL REPORTS
Firm Administration (PDF) $579
Information Technology (PDF) $579
Human Resources (PDF) $579
Internal Operational Package* $1,499
*Internal Operational Package includes all three PDF reports(Firm Administration, Information Technology and Human
Resources).
Please make checks payable to:
The Platt Consulting Group 4000 W. 106th St., Ste. 125-197 - Carmel, IN 46032
P (317) 733-1920 F (317) 663-1030 Email: [email protected]
2021 FINANCIAL & OPERATIONAL REPORT CARD*
Financial Operational Report Card* $859
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