Multi-Industry KPI Guide
Helping you compare metrics across sectors
Metric Name | Explanation | Stakeholder | Situation/Use Case | Formula (simplified) |
FFO (Funds From Operations) | Earnings measure for REITs, adds back property depreciation | Investors, Analysts | Compare profitability across real estate trusts | NPAT + Depreciation – Gains on Sales |
AFFO (Adjusted FFO) | FFO adjusted for recurring capex/maintenance | Investors, Creditors | Assess sustainability of distributions | FFO – Maintenance Capex |
Operating Profit (OPAT) | Core profit excluding one-offs | Boards, Analysts | Benchmark integrated developers (e.g. Mirvac) | Adjusted NPAT |
Underwriting Profit | Insurance profitability before investment income | Regulators, Investors | Track insurance efficiency | Premiums – Claims – Expenses |
Combined Ratio | Insurance efficiency ratio | Regulators | >100% = loss; <100% = profit | (Claims + Expenses) ÷ Premiums |
NIM (Net Interest Margin) | Banking margin on loans vs deposits | Bank Mgmt, Regulators | Assess bank profitability | (Interest Income – Interest Expense) ÷ Avg Assets |
CET1 Ratio | Core equity capital to risk-weighted assets | Regulators, Boards | Bank stability test | CET1 ÷ Risk-Weighted Assets |
RevPAR (Revenue per Available Room) | Hotel revenue per room | Operators, Investors | Benchmark hotel performance | ADR × Occupancy % |
EBITDA Margin | Operating cash margin | All industries | Quick profitability check | EBITDA ÷ Revenue |
Same-Store Growth | Healthcare/hospitality measure of growth in existing units | Investors | Strips out new projects | Same-store sales ÷ Prior Year |
Occupancy Rate | Retirement villages, hospitals, hotels | Managers, Investors | Benchmark demand/supply | Occupied Units ÷ Total Units |
Gross Margin | FMCG/retail profitability | Managers | Pricing/efficiency measure | (Sales – COGS) ÷ Sales |
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