NATIONAL COMMUNITY PHARMACISTS ASSOCIATION

More documents

Recommendations

Info

Table 5 • 2008 Common-Sized (Average) Income Statement, Percentage of Total Sales—By Sales VolumeUnder $2.5M $2.5M to $3.5M $3.5M to $6.5M Over $6.5MSalesPrescription sales 92.8% 93.9% 93.1% 93.4%All other sales 7.2% 6.1% 6.9% 6.6%Total Sales 100% 100% 100% 100%Cost of Goods SoldPrescriptions costs 73% 72.1% 72.5% 71.6%All other costs 4.9% 3.8% 4.4% 5.3%Total Cost of Goods Sold 77.9% 75.9% 76.9% 76.9%Gross Profit 22.1% 24.1% 23.1% 23.1%Operating ExpensesPayroll expensesSalaries, wages 11.2% 12% 11.6% 12.9%Payroll taxes, workers’ comp, employee benefits 1.6% 1.8% 1.8% 1.9%Payroll Expenses 12.8% 13.8% 13.4% 14.8%Other Operating ExpensesAdvertising 0.5% 0.4% 0.5% 0.5%Insurance 0.5% 0.3% 0.4% 0.3%Store supplies, containers, labels 0.5% 0.4% 0.5% 0.5%Office postage 0.1% 0.1% 0.1% 0.2%Delivery service 0.2% 0.2% 0.2% 0.4%Pharmacy computer expense 0.5% 0.3% 0.4% 0.4%Rent 1.4% 1.3% 1.1% 1.2%Utilities, telephone 0.6% 0.5% 0.4% 0.3%All other operating expenses 2.7% 2.8% 3.1% 2.8%Total Other Operating Expenses 7.0% 6.3% 6.7% 6.6%Total Operating Expenses 19.8% 20.1% 20.1% 21.4%Net Operating Income 2.3% 4.0% 3.0% 1.7%222009 NCPA Digest, sponsored by Cardinal Health
Table 6 • 2008 Median Financial Benchmarks—By Sales VolumeUnder $2.5M $2.5M to $3.5M $3.5M to $6.5M Over $6.5MProfitability RatiosNet operating income percentage 3.10% 3.80% 2.36% 2.34%Net operating income dollars before tax $53,473 $107,727 $99,916 $215,164Productivity RatiosSales per employee $363,048 $405,172 $423,564 $419,344Staff costs per employee $36,552 $42,875 $44,945 $52,158Prescription sales per square foot $2,687 $3,709 $4,543 $6,759All other sales per square foot $66 $81 $103 $143Total sales per square foot $821 $1,138 $1,395 $1,838Median sales $1,913,036 $2,968,396 $4,321,317 $8,253,056Financial Position RatiosSales to assets 5.16 5.57 5.38 6.89Return on investment 23% 25.9% 23.3% 25.9%Debt to worth 0.37 0.46 0.48 0.58Cash Flow RatiosCurrent ratio 4.09 3.45 3.89 2.79Quick ratio 1.50 1.41 1.76 1.30Inventory turnover (annual) 9.2 10.4 10.8 12.9Inventory turnover (days) 40 days 35 days 34 days 28 daysPrescription inventory turnover (annual) 10.2 10.8 12.7 13.5Prescription inventory turnover (days) 36 days 34 days 29 days 27 daysAccounts receivable turnover (annual) 24 25.9 23.1 20.0Accounts receivable collection (days) 15 days 14 days 16 days 18 daysAccounts payable turnover (annual) 24.5 26.3 22.6 26.6Accounts payable turnover (days) 15 days 14 days 16 days 14 daysSales Volume Summary23
Page 1 and 2: National Community Pharmacists Asso
Page 3 and 4: [October 2009]Dear Valued NCPA Memb
Page 5 and 6: Figures1. Average annual sales (in
Page 7 and 8: Figure 1 • Average Annual Sales (
Page 10 and 11: Operating Results To determine how
Page 12 and 13: Operating Expense ManagementWe eval
Page 14 and 15: Financial PositionManaging Assets a
Page 16 and 17: Table 2 • 2008 Common-Sized (Aver
Page 20 and 21: ProfitabilityExpense ManagementThe
Page 26 and 27: If a pharmacy is to make a profit,
Page 28 and 29: TABLE 9 • 2008 Common-Sized (Aver
Page 30 and 31: AssetsTABLE 11 • 2008 Common-Size
Page 32 and 33: TABLE 13 • 2008 Median Financial
Page 34 and 35: Geographic SummaryConditions of the
Page 36 and 37: TABLE 16 • 2008 Median Financial
Page 38 and 39: Rural/Metro Pharmacy LocationPharma
Page 40 and 41: AssetsTABLE 20 • 2008 Common Size
Page 42: Common-Sized Balance SheetThe balan

NATIONAL COMMUNITY PHARMACISTS ASSOCIATION

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?