2024 edition of SG&A Benchmarks for Manufacturing Sector now available

VIRGINIA BEACH, Va. - July 22, 2024 - PRLog -- Schonfeld & Associates, a publisher of business information products for over 40 years, has just released the 2024 edition of SG&A Benchmarks – Manufacturing Sector. This report details SG&A spending information for over 2000 publicly traded companies in twenty manufacturing industries ranging from Food and Kindred Products to Commercial Machinery & Computer Equipment. The report is a convenient source of information for professional managers seeking benchmark information on Selling, General & Administrative spending by major public corporations within the manufacturing sector. Metrics for public companies provide important insight for other firms within the sector. SG&A expenses are all the direct and indirect selling expenses and all general and administrative expenses. SG&A expenses are also called Operating Expenses. Frequently, SG&A to Sales ratios are used to judge efficiency of management spending.

Benchmarks for SG&A spending are hard to find. Averages may be available but are generally too broad to be useful. Within SG&A Benchmarks, the sector summary charts provide side by side comparison of annual median values for each industry within the sector for 2021-2023. The detailed tables for each of the individual industries are presented with the companies in three groups as defined by fiscal 2023 sales of less than $100 million, sales between $100 million and $1 billion, and sales of more than $1 billion. The grouping helps to account for SG&A spending practices varying by size of revenues. The information presented for each company includes: fiscal 2022 and fiscal 2023 SG&A as a percentage of sales, annual percentage growth rate in SG&A spending and in sales, total sales for fiscal 2023 and headquarters location. Comparing the growth rate of SG&A expenses and sales gives a snapshot of where the profitability of the firm may be heading.

Two sets of industry tabulations are presented for each industry. Alphabetical order by company name aids in locating a firm. Order by SG&A to Sales ratio showcases the 'leaner and meaner' firms in each industry.

These reports will benefit anyone seeking competitive benchmark intelligence including corporate staff, financial analysts, investment professionals, lenders, M&A advisors, appraisers and industry consultants.

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