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What is the average revenue of an Enterprise business in the United States, in the United Kingdom, in Europe and in Asia?
Hello! Thank you for your question about the average revenue of an Enterprise business in the United States, in the United Kingdom, in Europe and in Asia. The two sources that were the most useful in researching this question were provided by U.S. Census Bureau and Forbes. The short answer is that the average revenue of an Enterprise business is $3.93 billion in the United States, $ 2.34 million in the United Kingdom, $ 82 million in Europe and $5.242 billion in Asia. Please see below for an explanation of my research.
METHODOLOGY
In order to begin this research, I started by searching about the average revenue generated by Enterprise in the United States, in the United Kingdom, in Europe and in Asia. Since such information was not available publicly, an indirect approach using back of the envelope calculations was required. I started by finding the total number of Enterprise businesses for each of the areas in question. Next, I found the total revenue generated by the Enterprise businesses in each of these areas. Using this information, the average revenue generated by Enterprise businesses in US, UK, Europe and Asia could be calculated.
KEY POINTS
1) US
The U.S. Census Bureau has compiled a list of enterprises and their turnovers categorised according to their employee size. Thus, the average revenue can be calculated as follows:
Average revenue = Total revenue / Number of Enterprise Businesses
Average revenue of Enterprise Businesses with 1001-2499
=$474,955,461
Average revenue of Enterprise Businesses with 2500-4999
=$1,201,148,721
Average revenue of Enterprise Businesses with 5000-9999
=$ 2,764,552,631
Average revenue of Enterprise Businesses with 10000 and above
=$11,292,986,184
Average revenue = Total average revenue / 4 = ($474,955,461 + $1,201,148,721 + $ 2,764,552,631 + $11,292,986,184) / 4
=$ 3,933,410,749
Average revenue of Enterprise Business = $3,933,410,749
=$3.93 billion
2) UK
The Office of National Statistics has compiled a list of enterprises and their turnovers categorised according to their employee size. Thus, the average revenue can be calculated as follows:
Average revenue = Total revenue / Number of Enterprise Businesses
=£355697.9725
Average revenue of Enterprise Businesses with 2001-5000
=£615763.916
Average revenue of Enterprise Businesses with 5001-10000
=£ 1021926.783
Average revenue of Enterprise Businesses with 10000-25000
=£1954576.925
=£5141324.225
Average revenue = Total average revenue / 5 = (£355697.9725 + £615763.916 + £ 1021926.783 + £1954576.925 + £5141324.225) / 5 =£1817857.96 = $ 2,340,110
Average revenue of Enterprise Business = $ 2,340,110
= $ 2.34 million
3) Europe
The annual report on SMEs by the European Commission states that large enterprises make up 0.2% of all businesses in the European Union. Their categorization only takes into account enterprises with more than 250 employees. There is no separate category for Enterprise Businesses with more than 1000 employees. Thus, the average revenue can be calculated as follows:
= 23046092
Number of Enterprise businesses
= Total number of businesses - Number of SME
= 23,046,092 - 23,000,000
=46,092
= $ 8.89 trillion
Total revenue of Enterprise businesses
= Total revenue of businesses - Total revenue of SME
= $ 8.89 trillion - $5.1 trillion
= $ 3.79 trillion
Average revenue of Enterprise Businesses = Total Revenue / Number of Enterprise Businesses
=$ 3.79 trillion / 46,092
=$ 82,226,850
= $82.22 million
4) Asia
Forbes compiles a list of the Asia's biggest companies titled Asia's Fab 50. The total revenue generated by the Asian Enterprise businesses on the list is $ 262.1 billion . The number of Asian Enterprise businesses included on the list are 50.
Total revenue = $ 262.1 billion
Number of Asian Enterprise Businesses = 50
Average revenue per Enterprise business = Total revenue/Number of Asian Enterprise Businesses =$ 262.1 billion / 50
Average revenue per Enterprise business = $5.242 billion
CONCLUSIONS
Based on my research, I can conclude by saying that the average revenue of an Enterprise business is $3.93 billion in the United States, $ 2.34 million in the United Kingdom, $ 82 million in Europe and $5.242 billion in Asia.
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