Sageworks Inc., which makes ProfitCents financial analysis software for private companies, has been getting a lot of ink lately for the benchmarking reports it produces from aggregated user data.
A spokesperson sent this to us, with this note: “I thought that Sagework’s table below on total debt in the private sector may be interesting to you in light of Geithner’s speech. Accounting professionals may have an interest in this since their clients are the small and large business owners.”
|
Year |
Liabilities To Sales |
Liabilities To Assets |
Sales To Assets |
|
2003 |
1.04 |
0.7113 |
9.08 |
|
2004 |
1.46 |
0.7447 |
5.70 |
|
2005 |
2.18 |
0.7653 |
8.10 |
|
2006 |
2.22 |
0.7794 |
7.29 |
|
2007 |
2.10 |
0.7920 |
5.04 |
|
2008 |
3.51 |
0.7462 |
2.44 |
Clearly, leverage has been building for years.
And the company has been generating data about accounting firms, too. Last year, for instance, SageWorks reports that accounting firms were the second most profitable business in the country, with 12% margins. Only dentists had better margins.
Accounting firms make the list of sales-growth leaders, as well. Here’s a SageWork clip from Newsweek:
PS: It’s good to see the company finally using the data this way — good PR, but also good information.
