Almanac of Business and Industrial Financiar Ratios

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TABLE I
Corporations with and without Net Income
Agricultural Production		 Agriculture, Forestry, and Fishing
  0400
Money amounts and size of assets in thousands of dolars
Item Description for:
Accounting Period through 6/93 Total Zero Assets Under 100 100 to 250 251 to 500 501 to 1,000 1,001 to 5,000 5,001 to 10,000 10,001 to 25,000 25,001 to 50,000 50,001 to 100,000 100,001 to 250,000 250,0017/92 and over
Number of   Enterprises 1 81725 2466 23113 15653 17126 14091 8431 424 261 91 40 21 9
Revenues ($ in Thousands)
Net Sales 2 57657688 614304 2326104 3165284 5641046 7651928 12967562 3691471 4816381 3861088 3693241 3889584 5339695
Portfolio Income 3 1454035 6126 53023 100340 152212 256006 369829 99195 127137 32041 59885 87635 110603
Other Revenues 4 3511760 18968 524672 355347 461733 551930 945230 102181 159805 96626 81983 88569 124722
Total Revenues 5 62623483 639398 2903799 3620971 6254991 8459864 14282621 3892847 5103323 3989755 3835109 4065788 5575020
Average Total
  Revenues 6 766 259 126 231 365 600 1694 9181 19553 43843 95878 193609 619447
Operating Costs/Operating Income (%)
Cost of Operations 7 57.9 66.2 37.8 32.9 39.9 46.5 49.9 71.4 71.8 79.8 81.2 82.1 63.3
Rent 8 3.9 2.0 13.4 10.3 7.2 6.0 3.8 1.0 1.2 1.2 0.3 0.8 0.9
Taxes Paid 9 2.5 3.5 5.5 3.2 3.4 3.3 2.7 1.8 1.7 1.5 1.3 1.5 1.7
Interest Paid 10 3.3 3.8 3.4 4.7 3.9 4.1 4.4 3.0 2.4 1.8 1.8 2.5 1.6
Depreciation, Depletion,  
 Amortization 11 4.8 8.2 3.6 7.8 6.5 6.2 5.8 3.0 3.5 2.9 3.2 2.8 3.3
Pensions and  Other Benefits 12 1.1 0.2 0.6 1.0 1.4 1.0 1.0 0.7 0.8 0.9 0.9 1.6 2.7
Other 13 30.1 20.3 45.9 48.5 43.6 36.8 37.1 21.0 22.8 12.2 12.5 11.3 24.6
Officers Compensation 14 2.9 1.3 14.4 5.1 3.8 3.9 3.4 1.4 1.1 1.2 0.6 0.8 0.5
Operating Margin 15 • • • • • • • • • • • • 1.6
Oper. Margin Before Officers Compensation 16 • • • • • • • • • • • 2.1
Selected Average Balance Sheet ($ in Thousands)
Net Receivables 17 53 • 1 6 18 26 104 757 1751 5351 10566 24721 51950
Inventories 18 80 • 1 8 22 52 183 843 2189 8578 12102 32458 95785
Net Property, Plant  and Equipment 19 366 • 18 110 221 436 1141 3499 7225 12385 30743 52823 153081
Total Assets 20 682 • 38 172 358 714 1857 6884 15137 34417 70124 155158 470957
Notes and Loans Payable 21 335 • 33 129 202 315 1038 3572 7394 12115 26285 65615 110171
All Other Liabilities 22 94 • 8 15 23 44 174 1142 2611 10449 19177 41290 117681
Net Worth 23 252 • –3 28 133 354 645 2170 5133 1853 24663 48253 243105
Selected Financial Ratios (Times to 1)
Current Ratio 24 1.3 • 0.7 1.2 1.4 1.5 1.1 1.2 1.2 1.7 1.2 1.3 1.7
Quick Ratio 25 0.7 • 0.5 0.9 0.9 0.8 0.6 0.6 0.6 0.7 0.6 0.6 0.6
Net Sales to Working  Capital 26 16.1 • • 35.2 14.5 11.4 30.2 29.3 22.2 6.2 19.2 13.6 7.8
Coverage Ratio 27 1.7 0.7 1.1 1.2 1.3 1.7 1.4 1.8 1.3 2.1 2.1 1.5 5.7
Total Asset Turnover 28 1.0 • 2.7 1.2 0.9 0.8 0.8 1.3 1.2 1.2 1.3 1.2 1.3
Inventory Turnover 29 5.1 • • 8.3 6.0 4.9 4.2 7.4 6.1 4.0 6.2 4.7 3.9
Receivables Turnover 30 • • • • • • • • • 7.9 8.7 7.5 •
Total Liabilities to  Net Worth 31 1.7 • • 5.2 1.7 1.0 1.9 2.2 2.0 1.9 1.9 2.2 0.9
Selected Financial Factors (in Percentages)
Debt Ratio 32 63.0 • • 83.7 63.0 50.4 65.3 68.5 66.1 65.6 64.8 68.9 48.4
Return on Assets 33 5.7 • 10.1 6.7 4.7 5.3 5.2 6.7 3.8 4.6 5.0 4.5 11.5
Return on Equity 34 4.1 • • 3.7 2.0 3.5 3.2 7.3 0.1 3.9 4.5 3.0 11.7
Return Before Interest on Equity 35 15.4 • • • 12.6 10.6 15.0 21.2 11.1 13.4 14.2 14.4 22.2
Profit Margin, Before Income Tax 36 2.2 • 0.4 1.0 1.2 2.8 1.9 2.3 0.7 2.0 2.0 1.3 7.5
Profit Margin, After Income Tax 37 1.5 • • 0.5 0.8 2.3 1.3 1.8 • 1.1 1.2 0.8 4.8


Trends in Selected Ratios and Factors, 1987–1996
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
Cost of Labor (%) 38 4.1 5.4 4.6 4.1 4.3 4.2 4.5 4.4 4.8 4.9
Operating Margin (%) 39 • • • • • • • • • •
Oper. Margin Before Officers Comp. (%) 40 • • • • • • • • • •
Average Net Receivables ($) 41 43 45 47 46 40 48 51 51 47 53
Average Inventories ($) 42 57 56 53 55 67 73 75 80 74 80
Average Net Worth ($) 43 171 178 176 190 193 209 226 234 231 252
Current Ratio (x1) 44 1.0 1.0 1.0 1.1 1.1 1.2 1.3 1.2 1.2 1.3
Quick Ratio (x1) 45 0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.6 0.6 0.7
Coverage Ratio (x1) 46 1.0 1.1 1.0 1.5 1.5 1.5 1.6 1.4 1.3 1.7
Asset Turnover (x1) 47 1.0 1.1 1.1 1.1 1.0 1.0 1.1 1.0 1.0 1.0
Total Liabilities/Net Worth (x1) 48 2.7 2.5 2.5 2.2 2.0 2.0 1.9 1.8 1.8 1.7
Return on Assets (x1) 49 5.69 6.2 5.3 7.5 6.5 6.3 7.1 5.8 4.9 5.7
Return on Equity (%) 50 • • • 4.5 4.1 3.6 4.9 2.2 0.9 4.1



Almanac of Business and Industrial Financiar Ratios