| Farm business financial ratios, located in the
Southern Seaboard region, 1996-2000 |
| Economic Class=$1,000,000 or
more |
| |
1996 |
1997 |
1998 |
1999 |
2000 |
| ITEM |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
| Number of farms |
2,327 |
24.2 |
2,335 |
19.4 |
3,916 |
5.8 |
3,910 |
13.9 |
3,325 |
20.8 |
| Current ratio (:1) |
5.36 |
58.3 |
2.87 |
34.8 |
2.86 |
20.9 |
3.70 |
34.3 |
2.37 |
13.4 |
| Working caital-to-expense ratio (%) |
76.72 |
63.5 |
32.15 |
45.6 |
29.50 |
31.5 |
41.56 |
41.8 |
15.65 |
23.2 |
| Debt/asset ratio (%) |
16.95 |
22.6 |
22.02 |
18.7 |
17.78 |
22.4 |
22.65 |
6.6 |
19.84 |
17.7 |
| Rate of return on assets (%) |
12.20 |
55.5 |
15.64 |
57.7 |
11.13 |
28.6 |
7.67 |
15.8 |
7.79 |
27.6 |
| Rate of return on equity (%) |
12.40 |
68.4 |
17.08 |
67.4 |
10.98 |
35.8 |
6.54 |
28.2 |
7.27 |
36.9 |
| Operating profit margin (%) |
24.69 |
50.7 |
31.06 |
40.8 |
26.33 |
17.1 |
22.56 |
11.6 |
16.07 |
18.6 |
| Term debt coverage ratio (times) |
6.94 |
53.2 |
6.43 |
51.6 |
5.55 |
18.2 |
3.57 |
15.0 |
5.07 |
24.9 |
| Asset turnover ratio (times) |
0.49 |
11.0 |
0.50 |
25.3 |
0.42 |
18.9 |
0.34 |
8.6 |
0.48 |
16.2 |
| Operating expense ratio (%) |
71.26 |
11.6 |
66.73 |
13.0 |
63.65 |
6.2 |
65.06 |
4.2 |
72.92 |
5.5 |
| Economic cost-to-output ratio (%) |
67.20 |
10.8 |
74.72 |
10.4 |
88.62 |
2.5 |
75.19 |
3.5 |
91.25 |
8.3 |
The
Relative Standard Error (RSE) is defined as the standard error of the
estimate divided by the estimate. The larger the RSE, the less reliable
the estimate.
Source: Agricultural Resource Management Study,
USDA. |