2023 Best Practices Study

In addition to the average results for each Study group, the BPS provides insights on how the "best of the best" are operating. This table will help you understand the terms used to report this information.

HEADING Average

REFERS TO

The average result achieved by all the firms in the Study group for a particular factor.

Low

The lowest result achieved in the peer group for a particular factor.

High

The highest result achieved in the peer group for a particular factor.

Top Quartile

The average results achieved by the Top 25% of the firms in the group for that particular factor or line item. The mid-point in a list of results achieved by all the firms in the Study group for a particular factor.

Median

Glossary

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