Turnover Analysis

 

Turnover analysis allows for analysis of practice growth in comparison to the market comparing the main areas;

 

o  Staff Payroll

o    Property

o   Overheads

o   Profit

 

On the left of the graph is the market benchmark that is the practice aims to meet.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Analysis of Graph

As you can see from the graph year two best matches the market benchmarks this suggests the correct inflow of projects to outgoings spent. Year one resulted in a loss of profit due to start-up costs of the business. In year four a severe loss was taken to profits, if we compare this year to the benchmark it is clear that we overspent on staff pay however this was when we introduced new staff members so this seems a reasonable loss. Year five begins to make up for this and will set up the business for the next five years.