Revenue Growth Rate is a great Key Performance Indicators (KPI) for measuring the rate that your business is growing in terms of sales.
Most of the businesses that we come across have some desire to improve and part of that is increasing their turnover.

Increasing your turnover will not necessarily improve your business or increase your profitability but it can be a key factor.

Revenue Growth Rate is calculated as -  This year’s sales – last year’s sales / last year’s sales

As with a lot of KPI the information is readily available in a business’s accounting data file.  As long as the underlying transactions have been classified, posted correctly and consistently the results should be easily determined and reliable.
 

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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