December 24, 2021, 12:01 PM
nomadProfit Margins
I'm not a businessman so I don't know the answer to this but, I'll bet there's someone here that does.
With the equity firms and investment groups seemingly buying up all the performance manufacturers I wonder. When do the profit margins or ROI become not acceptable? Is 10% or 20%?
December 24, 2021, 12:23 PM
GoobWe finished fiscal '21 with around 16% retained earnings to distribute. Service labor is a major part of our total sales.
To say we're doing the happy dance is an understatement.
I don't think that really helps for your specific question though.
December 24, 2021, 03:08 PM
Toad1Our average increase for our basic supplies: Dexter Axles, Tires and wheels, Steel tubing and plasma cut parts and the powder coating service have increased an average of 31% since last January. We bumped the Trailer Toad price 11% last August. It will have to go up again sometime in January but the Net for our company took a 20% hit due to the Cost Side price increases and continually raising freight costs.