The Marble Institute of America (MIA) recently completed its second Performance Analysis Report for natural stone fabricators. The survey, conducted in 2009, contains an evaluation and interpretation of financial data solicited from fabricators. Like its 2007 predecessor, this report provides one of the most comprehensive sets of financial performance benchmarks in the natural stone fabrication industry, according to the MIA. The report is designed to provide fabrication shops with a tool to evaluate existing performance and identify new ways to create improvement.
The 17-page report contains the following sections, each designed to assist
managers in specific areas of inquiry:
• Executive Summary - provides an overview of the study results, with emphasis
on the difference between the typical firm and the high-profit company.
• Detailed Results - in-depth reporting of return on investment, income
statement, balance sheet and financial and productivity ratios. Management
commentary is provided to focus on the importance of these operating
• Appendix - provides an overview of the survey methodology and detailed
information on the calculation of the financial ratios used in the report.
As seen in 2007, the Profit Planning Group, the well-regarded association
profitability and compensation analysis firm, managed the survey. Members’
proprietary financial data was kept strictly confidential.
The survey results and final reports were provided at no cost to those firms
that participated in the study. The Performance Analysis Report is available to
non-participants through the MIA Bookstore. MIA Members price is $299.00 U.S.
(non-members $549.00). For further information, go to the MIA Bookstore Web
site and click on the “Business Management” tab.
New Literature: March 2010
March 1, 2010