What are your businesses Key Performance Indicators (KPI)? What do you use to measure your business?
Financial KPI is a measurable value that indicates how well a company is doing regarding generating revenue and profits. Monitoring KPIs comparisons shows whether a business is achieving its long-term goals, as well as growing or shrinking.
Regardless of the size, age, and industry, each and every business should be conscious of their financial performance. While accountants deal with all the expenses, income and budgets, the company’s leadership also needs to be informed about important financial measures.
What do you measure?
- Operating Cash Flow
- Current Ratio
- Quick Ratio
- Burn Rate
- Net Profit Margin
- Gross Profit Margin
- Working Capital
There are many other KPI’s and while some may be critical in assisting you run your business, other may be good tools to help you understand your business at a higher level.
For help in understanding your KPI’s better give us a call.