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Many businesses have successfully reduced costs and optimised operations, leading to improved profitability in the face of inflationary pressures. This shows the sector's ability to weather external pressures and capitalise on opportunities for sustainable growth.
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7.7% industry growth, with significant growth in companies up to $40m revenue |
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32% gross margin, indicating effective cost management |
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20% employee costs as a % of revenue managed effectively |
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10% EBITDA, declined compared to 2022 due to inflation |
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0.9% impairments, decreased as a % of revenue |
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56 debtor days, a slight increase, but below pre-COVID levels |
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8.5 inventory turnover, an increase in ratio reflecting better inventory management |
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3.3% CAPEX investment, remaining consistent, reflecting continued investment in growth areas |
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2% dividends, a slight increase as a % of revenues, with consistent payout ratios |
Our 2024 Manufacturing Benchmarking report provides a unique view of the industry by analysing the financial data of 100 mid-sized manufacturing companies across Australia. This comprehensive analysis allows you to compare your businesses performance against competitors, identify risks, seize opportunities, assess operations, and influence your strategic decisions to foster sustainable growth.
For a more in-depth analysis tailored to the unique context of your business, don’t hesitate to get in touch.
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PODCAST Manufacturing and A Future Made in Australia |
What Australia’s Carbon Leakage Review means for trade, imports and business costs
Unlock ATT accreditation to boost trade compliance, speed, and global market access.
In the latest episode of Beyond the Numbers with Grant Thornton, Innovation Incentives Director Simone Barker and Michael Climpson, National Head of Manufacturing and a Partner in our Audit & Assurance team discuss what the mid-sized manufacturing sector currently looks like in Australia, how inflation has impacted the sector and what the Future Made in Australia initiative will look like in practice.
