Farm business financial ratios, ,
1996-2000 |
Resource Region=Fruitful
Rim |
|
1996 |
1997 |
1998 |
1999 |
2000 |
ITEM |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Number of farms |
110,129 |
10.6 |
75,970 |
7.8 |
85,736 |
6.7 |
99,165 |
7.7 |
102,261 |
8.4 |
Current ratio (:1) |
2.18 |
9.9 |
2.55 |
18.6 |
3.20 |
7.3 |
2.81 |
10.2 |
4.68 |
46.2 |
Working caital-to-expense ratio (%) |
27.04 |
6.6 |
30.03 |
26.8 |
42.68 |
7.4 |
33.01 |
10.8 |
81.00 |
60.8 |
Debt/asset ratio (%) |
15.13 |
8.2 |
15.40 |
10.8 |
10.55 |
13.0 |
10.46 |
11.1 |
12.02 |
15.7 |
Rate of return on assets (%) |
3.56 |
32.4 |
6.76 |
28.2 |
3.69 |
22.2 |
2.64 |
14.6 |
2.82 |
34.7 |
Rate of return on equity (%) |
2.49 |
53.8 |
6.20 |
36.0 |
3.04 |
27.7 |
1.77 |
24.2 |
2.06 |
55.9 |
Operating profit margin (%) |
10.58 |
28.4 |
16.87 |
23.7 |
14.79 |
12.8 |
9.68 |
13.1 |
11.90 |
26.8 |
Term debt coverage ratio (times) |
4.19 |
16.8 |
5.64 |
17.6 |
4.79 |
9.5 |
5.23 |
9.1 |
4.38 |
23.8 |
Asset turnover ratio (times) |
0.34 |
7.4 |
0.40 |
9.7 |
0.25 |
13.5 |
0.27 |
8.3 |
0.24 |
20.5 |
Operating expense ratio (%) |
82.21 |
2.8 |
78.29 |
4.8 |
77.00 |
2.6 |
82.00 |
1.7 |
80.77 |
3.4 |
Economic cost-to-output ratio (%) |
91.58 |
6.0 |
98.17 |
8.2 |
94.84 |
2.5 |
102.70 |
3.6 |
100.83 |
2.4 |
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. |