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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Labour Productivity
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output over period
---------------------------- number of employees or hours worked |
Level of output in relation to producing the cost or service.
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Efficiency %
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actual output
------------------------ x100 standard/expected output |
how are they doing against budget - over 100 = good, less than 100 under budget.
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Machine Productivity
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sales over period
------------------------- Machine hours over period |
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Capital Productivity or Asset Turnover (£)
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sales (£) over period
--------------------- capital employed |
sales revenue per £1 of capital employed (capital employed = financed by unless otherwise stated).
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Cost Per Unit
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cost of production
------------------ units produced |
can also be used for service industries - i.e. Police - offence delt with
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Resource Utilisation %
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actucal hours worked
------------------------ x100 hours available for work |
Closer to 100% the better
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Gross Profit Margin %
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Gross Profit
------------ Sales |
Gross profit = Sales - cost of goods sold
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Net Profit Margin %
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Net Profit
---------- Sales |
Net profit = gross profit - expenses
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ROCE
Return on Capital Employed |
Net Profit
---------- Capital Employed |
(capital employed = financed by unless otherwise stated).
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ROCE
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Net Profit margin % X Asset turnover
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