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The industry benchmark figures on this site are provided by Statistics New Zealand.
One of our key functions is to support our customers to manage their tax obligations by providing information, self-assessment tools and online services.
Industry benchmarks are a tool to enable small to medium enterprises to do this.
A benchmark is a standard or reference that allows comparisons to be made. The ranges have been chosen so that most businesses in an industry are within or close to the published benchmark range. Industry benchmarks have been developed to help you assess your business performance by comparing your business with others in your industry. They also provide guidance on what figures we expect to see reported for the majority of businesses in your industry.
Industry benchmarks are available for 45 industries, based on 2013/2014 financial data.
Statistics New Zealand has calculated the industry benchmarks using information provided on financial statements and tax returns. All businesses supplying financial statements and tax returns are included in the calculation of standard performance range, where the turnover for those businesses is between $60,000 and $10 million inclusive.
Turnover bands have been calculated to produce four even quarters of the industry population. This allows you to find the most comparable indicators for your size of business (ie. micro, small, medium, or large based on turnover).
For some industries, changes in indicators are not consistent with the change in business turnover/size. This may happen because business turnover is not the only factor influencing values of particular indicators (ie. operating structure, and geographic location can also influence indicator values).
Inland Revenue supplies each business's financial returns and attachments to Statistics New Zealand, who use this information to calculate the industry benchmarks. Statistics New Zealand does not return any information about any specific business data to Inland Revenue, nor anything that could be used to identify any individual to Inland Revenue.
You can find the formulae that Statistics New Zealand used by going to:
Currently industry benchmarks are available for 45 industries, based on data from the 2013/2014 financial data.
If the industry benchmarks have been published for your industry, you can find the formulas used and definitions of terms with your industry-specific information by going to:
The methodology to determine turnover bands is based on a simple quartile approach unique to each industry.
The bands are now divided into four quartiles based on numbers of participants in each industry:
Turnover bands will be different for each industry.
Performance benchmarks are a type of industry benchmark. These benchmarks provide key financial ratios for your industry to help you work out if your business performance:
Performance benchmarks have been developed using information provided on financial statements and tax returns.
There are eight benchmarks that can help you compare and check your own business performance:
Small to medium enterprises, especially new businesses, can use industry benchmarks as a tool to assist with planning and budgeting.
Industry benchmarks can help you to:
The benchmarks will give you a better picture of your competitive position.