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  • Meat and poultry retailing – fresh

    Businesses in this industry sell fresh meat and poultry products such as beef, pork, lamb and chicken.

    These benchmarks do not apply to meat processing businesses.

    Performance benchmarks

    These benchmarks use information reported on tax returns and activity statements for the 2014–15 financial year, and are updated each year. This is the most current data.

    The benchmarks show ranges of business income to business expenses that you can use to compare your performance against similar businesses in your industry.

    Key benchmark range

    Cost of sales to turnover is the key benchmark range for this industry – it is likely to be the most accurate when predicting business turnover. If you don't report cost of sales, or only report a small amount, use total expenses to turnover as your key benchmark range instead.

    Generally, you should fall within the key benchmark range for your particular annual turnover.

    Falling outside the key benchmarks for your industry may indicate your business has room for improvement.

    It may also be worthwhile checking you reported all income and accounted for any trading stock you may have used for private purposes, as these can affect your results. Certain businesses can use amounts we accept as estimates, check if they are available for you.

    See also:

    2014–15 financial year

    Tax return – key benchmarks for 2014–15

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Cost of sales/turnover

    62% – 68%

    62% – 68%

    63% – 69%

    Average cost of sales

    65%

    65%

    66%

    Total expenses/turnover

    86% – 92%

    89% – 93%

    91% – 95%

    Average total expenses

    89%

    91%

    93%

    Activity statement – key benchmarks for 2014–15

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Non-capital purchases/
    total sales

    70% – 83%

    74% – 82%

    74% – 82%

    GST-free sales/total sales

    70% – 94%

    76% – 96%

    80% – 98%

    Other benchmark information that may assist your business

    Not all expenses, such as those below, are reported by every business.

    Because there are fewer businesses in your industry that report this information, only use this information as a guide if it applies to your business.

    Tax return – other benchmarks for 2014–15

    Benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Labour/turnover

    9% – 13%

    9% – 13%

    10% – 15%

    Rent/turnover

    5% – 9%

    4% – 8%

    3% – 7%

    Motor vehicle expenses/turnover

    1% – 2%

    1%

    1%

    Performance benchmarks – previous years

    Note: this information does not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    2013–14 financial year

    These performance benchmarks were developed using information reported on tax returns and activity statements for the 2013–14 year.

    Tax return – key benchmarks for 2013–14

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Cost of sales/turnover

    61% – 67%

    61% – 67%

    62% – 69%

    Average cost of sales

    64%

    64%

    65%

    Total expenses/turnover

    85% – 91%

    88%  – 93%

    90% – 95%

    Average total expenses

    88%

    90%

    92%

    Activity statement – key benchmarks for 2013–14

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Non-capital purchases/
    total sales

    70% – 82%

    72% – 80%

    73% – 81%

    GST-free sales/total sales

    74% – 95%

    75% – 97%

    79% – 98%

    Tax return – other benchmarks for 2013–14

    Benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Labour/turnover

    9% – 13%

    9% – 14%

    10% – 15%

    Rent/turnover

    5% – 9%

    4% – 8%

    4% – 7%

    Motor vehicle expenses/turnover

    1% – 3%

    1% – 2%

    1%

    2012–13 financial year

    These performance benchmarks were developed using information reported on tax returns and activity statements for the 2012–13 year.

    Tax return – key benchmarks for 2012–13

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Cost of sales/turnover

    61% – 68%

    60% – 67%

    61% – 68%

    Average cost of sales

    65%

    64%

    65%

    Total expenses/turnover

    86% – 91%

    88% – 92%

    90% – 94%

    Average total expenses

    88%

    90%

    92%

    Activity statement – key benchmarks for 2012–13

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Non-capital purchases/
    total sales

    70% – 82%

    71% – 80%

    72% – 80%

    GST-free sales/total sales

    74% – 94%

    80% – 98%

    83% – 98%

    Tax return – other benchmarks for 2012–13

    Benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Labour/turnover

    8% – 13%

    9% – 13%

    10% – 14%

    Rent/turnover

    5% – 9%

    4% – 8%

    3% – 7%

    Motor vehicle expenses/turnover

    1% – 2%

    1%

    1%

    2011–12 financial year

    These performance benchmarks were developed using information reported on tax returns and activity statements for the 2011–12 year.

    Tax return – key benchmarks for 2011–12

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Cost of sales/turnover

    61% – 69%

    62% – 69%

    63% – 70%

    Average cost of sales

    65%

    65%

    66%

    Total expenses/turnover

    86% – 91%

    88% – 93%

    90% – 95%

    Average total expenses

    88%

    91%

    92%

    Activity statement – key benchmarks for 2011–12

    Key benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Non-capital purchases/
    total sales

    59% – 82%

    64% – 79%

    64% – 78%

    GST-free sales/total sales

    86% – 100%

    88% – 100%

    86% – 99%

    Tax return – other benchmarks for 2011–12

    Benchmark range

    Annual turnover range

    $65,000 – $450,000

    $450,001 – $850,000

    More than $850,000

    Labour/turnover

    9% – 13%

    8% – 13%

    10% – 14%

    Rent/turnover

    5% – 9%

    4% – 7%

    3% – 6%

    Motor vehicle expenses/turnover

    1% – 2%

    1%

    1%

      Last modified: 28 Mar 2017QC 43741