By Suzy Strutner, Managing Editor at Grow Wire
- In WD, the time it takes to close the books is a marker of a company’s overall health.
- The chart below shows industry benchmarks for book-closing and other metrics so you can compare your company’s performance to others.
- If you want to improve your performance, then it may be time to make some changes in your organization.
In WD, the time it takes to close the books is a marker of a company’s overall health and success. It’s helpful to compare your company’s book-closing timeline with those of others, to understand if you have potential for improvement.
The team behind Grow Wire routinely measures the financial health of media and entertainment companies worldwide with help from Finlistics, a sales insights company. Their most recent research can help you analyze exactly how your business competes with others from a financials standpoint.
Take a look at your financials, then use the chart below to determine if you’re performing at a “Marginal,” “Competitive,” “Best In Class” or “Transformative” level.
If you want to improve your standing, then you may want to make some changes. Of course, reading stories on Grow Wire can help too.