It is a numeric method of classifying/identifying companies by their main line of business for the purpose of monitoring industry performance. Standard Industrial Classification (SIC) is a 4-digit code in use until the signing of the NAFTA treaty. In 1997 a 6-digit system known as the North American Industrial Classication System (NAICS) replaced the SIC code. Canada and Mexico are included in NAICS system.
Why is this important?
Easy to identify specific companies with in an industry.
Many companies have more than one industry code.
Several print & electronic resources uses these codes for grouping related companies and industries.
Where can I find an industry code?
There are a variety of resources to use to locate an industry code for a specific industry. Tthe resources are listed below are good starting places.
SIC Manual search by keywords to access detailed information for a specified SIC, Division, or Major Group; and browse through the manual structure.
Finding Industry Ratios Using Mergent Online "Advanced Search" tab
Select the "Advanced Search" tab.
Uncheck the databases that are not relevant for your search. (USA Inactive, International Company Active, International Company Inactive.)
Select the "Industry Codes" tab located in the middle of the page (below the International Company Active & Inactive checkboxes.
Select "Primary NAIC*" - "enter" in the industry code in the search box.
Click ">>submit" button. (If you are not sure of the industry code use the Look-up NAICS option.)
Click "View" (far right) to see a list of companies with that NAIC code.
Use the "checkboxes" to select specific companies to compare or use the "All" option to compare all the companies.
Select "Add Currently Selected Companies" or "Add All Companies" from the pulldown menu located at the top left below the Mergent Online logo.
Next, go the "My Mergent Tools," gray box, Far right side of page. Click on the "+" (plus) and choose "Company Analysis List" link. A new window will open.
Select the "Company Comparison Report." top of page to the right of My Mergent Tools header.
Use the ">>" button to add all the companies.
Click "+" to expand Select Data Items (CorporateInformation, Financials, or Ratios.) Use the ">" button to add data to the "Report Items" box.
Industry Average - click the "checkbox"
Next, select a "Date range"for comparison. To compare multiple years, hold down the control key and click on the year or years to be included in the report.
Results Format: Select either "Years Across" or "Years Down" radio button for displaying the results.
Use the pulldown menu to Select a format: HTML, PDF, Word, or Excel, then click the "Create a Report" button.
25 years of company financial data on over 10,000 U.S. public companies and 15,000+ non-U.S. public companies. Use the advanced search for industry ratios. PDF files of corporate annual reports are available. Search EDGAR SEC filings also available.
Provides information on U.S. and non-companies including annual reports, financial data, Executive Search, Edgar searching, and Industry Reports. Detailed: U.S. Company Data provides a fully searchable database of 15,000 U.S. public companies (active and inactive) listed on the NYSE, AMEX and NASDAQ exchanges. Each company report incorporates up-to-the-minute news items. U.S. Company Archives Data holds the full business descriptions, histories and financial statements for companies that were acquired, went bankrupt, liquidated or merged out of existence from 1996 onward. International Universe provides data on 20,000 non-U.S. companies, while the International Archives provides the latest available financial information on non-U.S. companies that have merged, were acquired, went bankrupt, liquidated or otherwise disappeared from 1995 forward. Features include: 15 years of detailed financial statements, the ability to customize viewing and output to retrieve precisely the information you need, export company reports and financials into software applications such as Microsoft(r) Word, Microsoft(r) Excel or Adobe(r) Acrobat(r) Reader(r), execute accurate cross-border searches using a variety of financial and text variables, compare multiple companies' reports, view more than 115,000 images of company annual reports.
Covers approximately 30,000 firms in 70 industries. This is a good tool to help benchmark a company with industry peers.
Library Collections Depository / HD 2346 .U5 F55
D & B industry norms covers over 800 lines of business. Information is from public and private U.S. firms.
Central Library / Reference / Floor 2 / HF5681 .R25 I52
Provides financial norms for about 375 industry groups the book is arranged by SIC & NAICS numbers.
Central Library / Reference / Floor 2 / HF 5681 .B2 R6