We have many world best practice companies
Phil Ruthven |
30 June 2019
Overall, Australia’s businesses are way below world best practice (WBP) when it comes to profitability and have been for decades. Average returns on shareholder funds after tax (ROSF or Return on Investment, ROI) across the nation’s 2.3 million businesses have averaged just 3.7% over the past three decades (compared with the 10-year government bond rate averaging 5.5% over that period), although with a better 4.2% in 2018. Our largest 2,000 corporations averaged 6.9% ROI, and our Best 100 did a little better at 8%. The WBP level is 22%.
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