Retirement Communities

NAICS 623311

This U.S. industry comprises establishments primarily engaged in providing a range of residential and personal care services with on-site nursing care facilities for (1) the elderly and other persons who are unable to fully care for themselves and/or (2) the elderly and other persons who do not desire to live independently.  Individuals live in a variety of residential settings with meals, housekeeping, social, leisure, and other services available to assist residents in daily living.  Assisted living facilities with on-site nursing care facilities are included in this industry.

Five Year Trends, Benchmarks

click each chart to enlarge
  • Like 0
  • 11 JAN 2024

Accounts Receivable

Showing 0 Comment

© Copyright, Outcalt & Johnson: Retail Strategists, LLC and Business Strata:G® Financial Toolkits. Benchmark Trend Charts based on data from Risk Management Association Annual Statement Studies® Financial Ratio Benchmarks, 2023–2024

About

  • The Service Businesses verticals featured at the Business Strata:G® site reflect the definitions and designations of the North American Industrial Classification System (NAICS).
  • The top of each industry vertical page includes the NAICS code and the NAICS definition for that industry segment.
  • The source data is Risk Management Association's Annual Statement Studies. As you may know, RMA collects financial statements from banks, and aggregates the findings for all industries.
  • RMA presents their data in 3 sections: the Top Quartile, the Middle Quartiles, the Bottom Quartile. RMA data also is available by five different ranges of annual sales volume. 
  • We have identified five key ratios (from the dozens of ratios available) that are particularly important for Owners of Service Businesses to monitor, project, and manage:
    • OPERATING EXPENSES Percent
    • Pre-Tax PROFIT Percent
    • OFFICERS, OWNERS COMPENSATION Percent
    • CURRENT Ratio
    • DEBT-TO-WORTH Ratio
  • Our exclusive Benchmark Trend Charts show the median value reported by RMA for each of these key ratios each year. 

Industry Verticals