Uses of Common-size Statements

1. For Inter Firm/Inter Company Comparisons: Common-size statements are especially useful for inter company comparisons because financial statements of different companies are recast in common size format. Comparison of a company's common size statements with competitor's statistics alerts our attention to differences in account structure or distribution.

2. For Industry Analysis: A comparison of company's performance with the statistics of the industry is useful for exploring the reasons for difference.

3. For Comparisons over a Time Period: Comparisons of changing compositions of various elements within the income statement or balance sheet of a company also provides valuable information. Interpretation can be drawn depending on the changes in the composition. Such analysis is referred to as time series analysis

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