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

VIRGINIA BEACH, Va. - July 30, 2024 - PRLog -- Schonfeld & Associates, a publisher of business information products for over 40 years, has just released the 2024 edition of SG&A Benchmarks –Services Sector. This report details SG&A spending information for over 1190 publicly traded companies in eleven services industries including Business Services (such as Alphabet, Microsoft, Visa, MasterCard), Health Services (such as HCA Healthcare, Quest Diagnostics) and Amusement & Recreation Services (such as Walt Disney, Netflix, Marriott). 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 services 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 as well as a chart of 10%ile, median and 90%ile values of SG&A to Sales ratio by industry to illustrate the range of values reported by firms within each industry. To account for SG&A spending practices varying by size of revenues, individual companies are grouped based on fiscal 2023 sales. The detailed tables for each of the individual industries are presented with the companies in three groups as defined by sales of less than $100 million, sales between $100 million and $1 billion, and sales of more than $1 billion. 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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