Introduction
An executive dashboard is a powerful visual tool designed to provide high-level executives with a consolidated view of key performance indicators (KPIs) and essential business metrics. An executive dashboard aggregates data from various sources, enabling swift and informed decision-making – hence its a valuable tool for tracking company's performance and identifying areas for improvement.
Who is this dashboard for?
This dashboard is designed to help executive teams track yearly performance of nine metrics namely, income, gross profit, net profit, operating profit, net profit margin (%), taxes, expenses, total operating expenses, and cost of goods sold – enabling them to measure performance as well as see the trend of metrics year-over-year.
About the data
The data is simulated to mirror the kind you will find in a normal business setup. The data ranges between January 2020 and December 2021 for the nine KPI’s. Enabling you to create an executive dashboard that tracks at a glance yearly performance – flagging KPIs that recorded improvements or deteriorations in performance when compared to the previous year’s performance.
What can you accomplish with this dashboard?
Each of the nine KPIs in this dashboard shows the following.
Recent year performance metrics (performance in 2021)
Year-over-year performance (comparing 2021 performance with that of the prior year).
Monthly performance for the two years in comparison.
Other notable objects in this dashboard include.
Options for exporting the dashboard as either a PDF, PNG, or Power point presentation.
A legend to guide you in interpreting the dashboard.
So, how do you interpret this dashboard.
From the above dashboard view, the following insights can be picked up at a glance.
Four KPI’s namely, Income, Gross Profit, Taxes, and Cost of Goods Sold recorded a drop in performance in the year 2021 when compared to the prior year performance. (information that can be drawn from the color legend).
The total expenses recorded in the year 2021 were 3,523,280 - this was a 1.63% drop in expenses when compared to the prior year. This is an improvement as indicated by the legend – as minimizing unnecessary expenses in a business is a good initiative to improve cash flow and increase profitability.
Note, you can hover on to the charts for more details on monthly performance between the two years.
Conclusion
The value of executive dashboards lies in their ability to facilitate data-driven decision-making. With the capacity to identify trends, assess risks, and uncover opportunities - they enable executive teams to make strategic data-backed decisions quickly and easily - maximizing return on investments
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