The Turnover Estimate figures utilised in Katalyst data are calculated using the methodology outlined below. It is a calculated guess and real turnovers could differ by large amounts but the guess is based on sound statistics. According to one of our regular users who is a merchant banker (a specialist in business analysis and modelling) this number performs very satisfactorily.
Using a custom report based upon the Statistics New Zealand Annual Enterprise Survey we obtain the annual income per employee for NZ businesses broken down by ANZSIC industrial classification and employee range.
By combining this with our knowledge of the business employee range and the ANZSIC industrial classification we can generate the Turnover Estimate figure for each business.
If you have any queries or suggestions on how to improve our calculations, please let us know.