Cycle time in days between completion of annual consolidated financial statements and the release of earnings

This measure calculates the number of calendar days (including weekends) that elapse between the completion of the annual consolidated business entity financial statements and the release of the earnings per share. Consolidated financial statements are combined financial reports for all of a single legal entity's business units for reporting purposes. This Cycle Time measure is intended to help companies analyze this duration related to the process "perform financial reporting".

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100552
Total Sample Size:
1,729 All Companies
Performers:
25th
-
Median
-
75th
-
Key Performance
Indicator:
No

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Compute this Measure

Units for this measure are days.

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Cycle time in days between completion of consolidated financial statements and the release of earnings

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Measure Scope

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Cross Industry (7.3.1)

  • 9.3.4.1 - Prepare business unit financial statements (10837)
  • 9.3.4.2 - Prepare consolidated financial statements (10838)
  • 9.3.4.3 - Perform business unit reporting/review management reports (10839)
  • 9.3.4.4 - Perform consolidated reporting/review of cost management reports (10840)
  • 9.3.4.5 - Prepare statements for board review (10841)
  • 9.3.4.6 - Produce quarterly/annual filings and shareholder reports (10842)
  • 9.3.4.7 - Produce regulatory reports (10843)
  • 9.3.4.8 - Perform legal and management consolidation (14074)