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Consumer goods manufacturing

Leisure products manufacturer financial model, built free.

A three-statement Excel model for a leisure products manufacturer (boats, caravans, bikes, sporting goods), built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Makes boats, recreational vehicles and caravans, motorcycles and bicycles, golf, fitness and sporting equipment and toys, sold through dealers and retailers with seasonal demand, dealer inventory cycles and floorplan-financed stock.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Leisure products manufacturer sample model.xlsx
The Summary sheet of the sample leisure products manufacturer model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for a leisure products manufacturer.

  1. How it earns revenue2 formulas
    Pricing and pass-through · All product lines
    Product sales revenueUnits soldfrom sales volumes by productAverage selling price
    Pricing and pass-through · All product lines
    Average selling priceAverage selling price at the start datePrice index
  2. What drives its costs3 formulas
    Direct labour · All plants
    Direct labourFixed labourVariable labour (production × cost per unit)
    Plant fixed overheads · All plants
    Plant fixed overheadsBase overheadsStep costs (extra shifts and lines)
    Warranty provisions · Across the business
    Warranty expenseProduct sales revenuefrom all unitsWarranty expense as % of revenue
  3. What it invests in3 formulas
    Plant capex and depreciation · All plants
    Plant capital expenditureSustaining capexGrowth capex
    Plant capex and depreciation · All plants
    Plant depreciationDepreciation of existing assetsDepreciation of sustaining additionsProject 1 depreciation (from commissioning)from from commissioningProject 2 depreciation (from commissioning)from from commissioningProject 3 depreciation (from commissioning)from from commissioning
    Plant capex and depreciation · All plants
    Closing net book valueOpening net book valuePlant capital expenditurePlant depreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

25 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Exchange rate (US dollar)Exchange rate by financial year
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • LeasesLease register
  • InventoryWeighted average costRaw materials, work-in-progress and finished goods held to support production and sales (used in place of the inventory part of working capital), and the cost-of-sales effect of the costing method and stock provisions.
  • Warranty provisionsWarranty as % of revenueThe cost of repairing or replacing faulty products sold, and the provision held for future claims.
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Discount rate (WACC)CAPM at target gearing
  • Terminal valuePerpetuity growth on normalised cash flow
  • Interest-rate forecastMarket forward curve
  • Capacity and productionOperating days × daily rateHow much a plant can make and how much it does make, from capacity, operating time, utilisation and yield.
  • Direct labourFixed plus variable labourWages and on-costs of the production workforce at each plant.
  • Plant fixed overheadsStep-fixed with shifts and linesSite costs that do not vary with output: site management and supervision, quality, site services, insurance, rates and other production overheads of each plant.
  • Plant capex and depreciationSustaining capex plus growth projectsSustaining and expansion capital expenditure on plant, and the depreciation and book value that follow.
  • Sales volumes by productEnd-market production × content per unitUnits sold of each product line.
  • Pricing and pass-throughPrice with annual increasesSelling price of each product line and the revenue it earns (units × price).
  • Bill of materials and input costsStandard cost per unitRaw materials, components and bought-in parts consumed by each product line.
Key numbers

The numbers it tracks.

  1. 01retail units
  2. 02wholesale shipments
  3. 03dealer inventory
  4. 04average selling price
  5. 05gross margin
  6. 06EBITDA margin
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
Related models

More in consumer goods manufacturing.

Every manufacturing and construction model

Looking for a leisure products manufacturer financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.