Professional Accounting Blog

    Accounting For Your Prosperity

    Despite Expected Near-Term Revenue Increase, Chemical Manufacturing Industry Continues to Face Major Hurdles

    Posted by Lloyd Bell on Oct 3, 2017 3:59:17 PM

    Topics: Accounting & Auditing, Corporate Finance

    The following overview of the chemical manufacturing industry trends is part of a larger series of industry reports that will be published between August and October 2017 for the benefit of our subscribers. Data and information provided is cited from IBIS World, a global business intelligence leader specializing in industry market research.

    In 2016, Meaden & Moore clients in the chemical manufacturing industry experienced an average decrease in revenue of 1.2%, but due to a decrease in costs of sales, gross margins increased 1.1% and net margins by 1.2%. The chemical manufacturing industry as a whole has matched the decrease of 1.2% in revenue over the last five years. This downturn is expected to reverse and turn into an average increase of 1.7% over the next five years.

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    Publishing Industry Revenues Continue to Decrease Due to the Continued Growth of Digital Media

    Posted by Lloyd Bell on Aug 29, 2017 11:27:21 AM

    Topics: Accounting & Auditing, Corporate Finance

    The following overview of publishing industry trends is part of a larger series of industry reports that will be published between August and October 2017 for the benefit of our subscribers. Data and information provided is cited from IBIS World, a global business intelligence leader specializing in Industry Market Research.

    In 2016, the information industry for Meaden & Moore clients was comprised mostly of newspaper publishing companies. These clients experienced an average decrease of 4% in revenue in 2016. Although, due to a large decrease in operating expenses, Meaden & Moore clients in the information industry showed a 19% increase in net income. This decrease in revenue was experienced by the newspaper publishing industry as a whole, which has been declining at a rate of 6% for the past five years. 

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    Increased Number of Household Pets Gives Veterinary Services Industry Positive Outlook

    Posted by Lloyd Bell on Aug 23, 2017 8:59:14 AM

    Topics: Accounting & Auditing, Corporate Finance

    The following overview of veterinary industry trends is part of a larger series of industry reports that will be published between August and October 2017 for the benefit of our subscribers. Data and information provided is cited from IBIS World, a global business intelligence leader specializing in Industry Market Research.

    In 2016, Meaden & Moore clients in the veterinary services industry experienced an average increase in revenue of 9.7%. The veterinary services industry as a whole has experienced strong positive revenue growth, averaging 3.4% over the last five years, a trend tied closely to unemployment decline. This growth was largely caused by an increase in the number of pets that American households have, and the increasing age of those pets.

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    Reliance on Other Weakened Manufacturing Industries Leaves Metal Manufacturing Industry in Continued Decline – for Now

    Posted by Lloyd Bell on Aug 10, 2017 3:55:28 PM

    Topics: Accounting & Auditing, Corporate Finance

    The following overview of metal manufacturing industry trends is part of a larger series of industry reports that will be published between August and October 2017 for the benefit of our subscribers. Data and information provided is cited from IBIS World, a global business intelligence leader specializing in Industry Market Research.

    In 2016, Meaden & Moore clients in the metal manufacturing industry experienced a 16% decrease in revenue, causing a 46% decrease in net income. The metal manufacturing industry as a whole has experienced low negative growth over the past few years, largely due to decreased metal prices, decreased corporate profits, and decreased industrial production.

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    Steady Construction Industry Growth Expected in 2017 and Beyond, Despite Uncertainties

    Posted by Lloyd Bell on Aug 3, 2017 11:36:33 AM

    Topics: Construction, Corporate Finance

    The following overview of construction industry trends is part of a larger series of industry reports that will be published between August and October 2017 for the benefit of our subscribers. Data and information provided is cited from IBIS World, a global business intelligence leader specializing in Industry Market Research.

    In 2016, Meaden & Moore clients in the construction industry experienced a 4.8% decrease in revenue. This decrease was offset by a 6.3% decrease in cost of sales, allowing for a 17% increase in net income. The construction industry as a whole experienced unexpected revenue growth at 7% in 2016. Most of the industry growth in 2016 occurred during the fourth quarter as commercial, multifamily housing, and public work construction unexpectedly skyrocketed. In comparison, by October of 2016 the year’s growth was expected to be 1%. Revenue for the industry is expected to increase 5% in 2017 as conditions stabilize.

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    2017 Mid-Year Check-In: A Good Time to be a Buyer and Seller

    Posted by Lloyd Bell on Jul 18, 2017 2:42:09 PM

    Topics: Corporate Finance

    Like many of you, I recently uttered the phrase “I can’t believe it’s July already.” Well, it is. So I thought I’d make a list of the things that I’ve learned over the first six months of 2017:

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    Increase the Value by Reducing the Risks

    Posted by Lloyd Bell on Mar 21, 2017 9:00:00 AM

    Topics: Corporate Finance

    Assigning a realistic value for a private company is more subjective than for publicly traded companies. The latter’s value continually recalculates in real-time through the buying and selling of ownership shares in the marketplace.

    For private businesses, a perceived valuation eventually does occur when part or all the company is sold. However, if the owner is not ready to sell, certain internal assumptions must be made.

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    Financial Performance By Industry

    Posted by Lloyd Bell on Jul 26, 2016 11:58:35 AM

    Topics: Corporate Finance

    After outpacing the U.S. economy’s growth in 2014 by growing at 2.7%, the value of all goods and services provided by Meaden & Moore clients, what I refer to as the Gross Meaden & Moore Product or GMMP, increased at a much weaker 0.3% in 2015. It should be noted that 33% of Meaden & Moore clients are in various manufacturing sectors, therefore softness in manufacturing has an outsized impact on GMMP.

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    Private Capital Markets Report

    Posted by Lloyd Bell on Mar 30, 2016 8:26:07 AM

    Topics: Corporate Finance

    With the coming of spring also brings us the annual Private Capital Markets report from Pepperdine University’s Graziadio School of Business and Management. Hey…it’s not all about surf and sun in Malibu.

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    Never Underestimate the Importance of Working Capital

    Posted by Lloyd Bell on Mar 10, 2016 8:37:36 AM

    Topics: Corporate Finance

    Recently, I wrote an article for Crain’s Cleveland Business regarding the importance of working capital. Working capital is an integral part of most acquisition transactions that is quite often overlooked. One reason for this is that business owners expect to be discussing EBITDA and purchase price multiples during a transaction conversation. However, they often find that they are instead focusing on net working capital.

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