今天, the 澳博官方网站app 研究所 released new research that explores the 美国小企业的财务状况 and reveals the cash flow challenges they face on a monthly basis. “现金为王:流量、余额和缓冲日” reports that the median small business is barely living month to month with enough cash to only withstand 27 days without cash inflows to their business.

This study leverages a new 澳博官方网站app 研究所 small business data asset that is constructed from over 470 million anonymized and aggregated transactions conducted by 597,000 small 企业 from February to October 2015.

“It is well known that small 企业 are a critical driver of economic growth, but the consistency of their growth is in question if they’re living month-to-month.  在今天之前, we had an incomplete view of the health of the small business sector,戴安娜·法雷尔说, 澳博官方网站app研究所总裁兼首席执行官. “Our data provides a new and more complete picture of small 企业 and helps advocates develop the correct policies to support their long-term growth.”

使用新的数据资产, this report also explores key industry characteristics that help explain the drivers of cash buffers and offers new publicly available data that help provide a comprehensive view of the small business sector.

Key Findings - 现金为王:流量、余额和缓冲日
Finding One: The median small business has average daily cash outflows of $374 and average daily cash inflows of $381, 不同行业和不同行业之间存在很大差异.

• Average daily cash outflows and inflows vary substantially across small 企业.
• Individual small business average daily inflows and outflows are highly correlated, 也就是说，当现金流入企业时, roughly the same amount of cash is paid out by a business.

Finding Two: The median small business holds an average daily cash balance of $12,100, 不同行业和不同行业之间存在很大差异.

• 在下限, small 企业 in the Personal Services industry had a median average daily balance of $5,300.
• 与此形成鲜明对比的是, the High-Tech Manufacturing industry had a median average daily balance of $34,200.

Finding Three: The median small business holds 27 cash buffer days in reserve.

• Small restaurants hold the fewest cash buffer days on average (16 days), while small 企业 in the real estate industry hold the most (47 days).
• 此外, 25 percent of small 企业 seem especially vulnerable, in that they hold a reserve of 13 cash buffer days or fewer.
• 与此形成鲜明对比的是, the top 25 percent of 企业 appear substantially more resilient, in that they hold a reserve of 62 cash buffer days or more.

Finding Four: Small 企业 in labor-intensive or low-wage industries hold fewer cash buffer days than those in capital-intensive or high-wage industries.

• The median business in a labor-intensive industry like Personal Services or Repair & 维修有23个现金缓冲日, while the median business in a capital-intensive industry like High-Tech Manufacturing or Real Estate carries 38 cash buffer days.
• The median small business in a low-wage industry like Restaurants or Retail holds 19 cash buffer days, while the median small business in a high-wage industry like Professional Services or High-Tech Services holds 31 cash buffer days.

Finding Five: Small business cash buffer days vary across metropolitan areas, 但这种差异并没有明确的模式.

• Average cash buffer days in the 24 selected cities vary from 21 days in Orlando to 34 days in San Jose, 60%的差价.
• Differences in industry mix and population between metropolitan areas do not explain this variation.

“A small 企业 cash buffer can serve as a benchmark for the vitality of the US small business community. We hope it will spark new policy ideas and conversations about how these 企业 can better manage their liquidity, 增加获得信贷的机会, diversify their offerings and improve their financial resilience,法雷尔补充道.

阅读更多关于 美国小企业的财务状况 在这里.