CONCRETING SERVICES INDUSTRY BENCHMARKING

Knowing the concreting industry benchmark helps you gauge your  business’s performance, identify growth opportunities, and make informed strategic decisions.

The main activity for businesses in this industry is the provision of concrete services for the construction of buildings and other structures e.g. footpaths, foundations, driveways and single or multi-story buildings.

Performance Benchmark

These performance benchmarks are based on data from income tax and BAS statements filed with the Australian Tax Office.

The key benchmark ratio for this industry is total expenses to turnover. This ratio is likely to be the most accurate predictor of business turnover

Key Benchmark Ratio	Annual Turnover Range
	Low $50,000 – $200,000	Medium $200,001 – $500,000	High More than $500,000
Income Tax Return
Total expenses/turnover	42% - 63%	69% - 80%	79% - 89%
Average total expenses	53%	75%	84%
Activity Statement
Non-capital purchases / total sales	37% - 58%	49% - 65%	52% - 67%

The benchmarks are published as a range representing ratios reported by businesses grouped either side of the average. Publishing benchmarks as a range allows for variations across financial years, regions and business models.

The following benchmarks are available as a guide for businesses to review their performance and business practices against other similar businesses. The following expenses are not reported by every business, so one or more of these benchmarks may not apply to an individual business.

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		Benchmark Ratio	Annual Turnover Range
Income Tax Return	Low $50,000 – $200,000	Medium $200,001 – $500,000	High More than $500,000
Cost of Sales / Turnover	15% - 35%	25% - 41%	29% - 44%
Labour / Turnover	18% - 29%	19% - 30%	23% - 34%
Motor Vehicle expenses / turnover	6% - 10%	4% - 6%	3% - 5%