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INDUSTRY COMPARISON

INDUSTRY COMPARISON
There are many times when it is necessary to analyse and compare companies and industries and to create an industry comparison containing all of the relevant details. Comparing companies and drawing up industry reports involves considering numerous elements whether comparing a single company to an entire industry, investigating a company, or comparing one company with another, there are some questions which must be asked.

INDUSTRY COMPARISON - WHAT TO LOOK FOR

The main question to ask about a company when comparing or investigating it is whether it is a private or public company? Private companies have no obligations to reveal a lot of information unlike public companies and are therefore it is more complicated to look into their affairs.

Obtaining Financial And Non-Financial Data : Data is the key factor when analysing an industry or company. Both financial and non-financial information is important in finding out key details including:

  • The company’s annual report which is released to the company’s stock holders.¬†
  • Biographies of the company’s executive officers
  • A full company history
  • Subsidiary companies owned by the company
  • Competitors in the market
  • Industry reports¬†
  • Industry codes
  • Market share of the industry
  • Averages, norms and ratios
  • Import and Export data
  • News reports about the company

By looking at all of this information it is possible to draw comparisons between industries and companies and to compile a report which compares these factors.

Advice for Industry Comparison

As skilled and qualified accountants, we have the experience and know-how to be able to effectively compare companies and industries to inform your business needs. We can complete this onerous task on your behalf, freeing up your time to focus on other elements of your company.

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