Report on Veterinary Compensation

Report on Veterinary Practice Business Measures

U.S. Pet Ownership & Demographics Sourcebook

AVMA membership

First year employment

U.S. pet ownership

U.S. veterinarians

Veterinary specialists

= AVMA/SAVMA  Members Only

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Summary | Tables | Ordering Information

Summary:

Detailed statistics on private practice revenue, expenses and other variables are presented along with important financial ratios. Helpful breakdowns such as quartiles and trends dating 10 years back are also provided.

Tables:

Financial return to practice

• Practice return to capital, labor, and management, 2007
• Median gross practice revenue, 1997-2007
• Practice return to capital, labor, and management per owner, 2007
• Median return to labor and management per owner, 1997-2007

Assets, liabilities, and financial ratios

• Veterinary practice assets, debt, net worth, drug and hospital supply expense and
• inventory, 2007
• Median veterinary practice financial ratios, 2007
• Gross margin ratio (Return to labor and management ÷ Gross revenue), 1997-2007
• Debt to asset ratio (Total debt ÷ Total assets), 1997-2007
• Debt to equity ratio (Total debt ÷ Equity), 1997-2007
• Current ratio (Current assets ÷ Current liabilities), 1997-2007
• Inventory turnover ratio (Drug and supply expense ÷ Inventory), 1997-2007

Practice revenue

• Gross practice revenue by size of practice, 2007
• Gross practice revenue per veterinarian by size of practice, 2007
• Net practice income by size of practice, 2007
• Net practice income per owner by size of practice, 2007
• Mean gross practice revenue per veterinarian, 1997-2007
• Gross practice revenue by region, 2007
• Gross practice revenue per veterinarian by region, 2007
• Gross practice revenue by community size, 2007
• Gross practice revenue per veterinarian by community size, 2007
• Percentage of gross practice revenue attributable to veterinary service and product
• categories, 2007
• Percentage of gross practice revenue by species, 2007

Practice expenses

• Mean practice cash expenses of practices that incurred specific expenses, 2007
• Mean practice cash expenses as a percentage of total practice expenses, 2007
• Mean practice cash expenses as a percentage of gross practice revenue, 2007

Transactions and client numbers

• Percent of practices reporting companion animal transactions by species, 2007
• Median number of animals examined per week by species, 2007

Ancillary staff numbers and wages

• Mean number of full-time equivalent (FTE) ancillary staff and veterinarians in private
• practice, 2007
• Hourly wages of ancillary staff in private practice, 2007
• Hourly wages of private practice ancillary staff by region, 2007
• Hourly wages of private practice ancillary staff by size of practice, 2007
• Hourly wages of private practice ancillary staff by community size, 2007

Practice characteristics

• Percent distribution by type of organization, 2007
• Percent distribution by type of facility, 2007
• Percent distribution by geographic location of practice, 2007
• Percent distribution by community size, 2007
• Percent distribution by number of years operating in community, 2007
• Percent distribution by real estate ownership status, 2007
• Percent distribution by number of veterinarians, 2007
• Professional income of veterinarians in private practice by ownership status, 2007
• Professional income percentiles of veterinarians in private practice by ownership
• status, 2007

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