000164518 001__ 164518
000164518 005__ 20210122073743.0
000164518 0247_ $$2doi$$a10.22004/ag.econ.164518
000164518 037__ $$a1639-2016-135195
000164518 041__ $$aeng
000164518 084__ $$aQ13
000164518 084__ $$aQ14
000164518 245__ $$aFinancial Performance of Publicly-Traded Agribusinesses
000164518 260__ $$c2013
000164518 269__ $$a2013
000164518 270__ $$makatchova@uky.edu$$pKatchova,   Ani L.
000164518 300__ $$a26
000164518 336__ $$aWorking or Discussion Paper
000164518 490__ $$aUniversity of Kentucky Ag Econ Staff Papers
000164518 490__ $$a478
000164518 520__ $$aAgribusinesses represent a fundamental link in connecting farmers with retailers and consumers, yet little research has been done to examine the historical financial performance of these food processing firms.  Our research examines how publicly-traded agribusinesses perform financially compared to all firms over the period from 1961 to 2011.  We utilize several indicators of company success, including financial ratios and balance sheet/income statement items, to compare agribusiness firms to all firms in the market.  We perform the analysis over time and also for companies with low-, median, and high-performance.  We also perform DuPont analysis to compare return on equity components between agribusinesses and all firms.  We find that agribusinesses outperform at the median the sample of all firms in terms financial ratios related to profitability, liquidity, and market ratios, but have slightly lower liquidity and debt ratios.  The DuPont analysis shows that the higher return on equity for agribusinesses is mostly due to higher asset turnover ratios, indicating higher operating efficiency of agribusinesses.  The strong financial performance of food manufacturing agribusinesses makes them valuable companies in an investment portfolio.  Our study provides a basic overview of financial ratios used to examine the financial performance of publicly-traded agribusinesses.  Our findings show that agribusinesses outperform all firms in terms of key financial indicators.
000164518 650__ $$aAgribusiness
000164518 650__ $$aAgricultural Finance
000164518 6531_ $$aagribusinesses
000164518 6531_ $$aCompustat
000164518 6531_ $$aDuPont analysis
000164518 6531_ $$afinancial performance
000164518 6531_ $$afinancial ratios
000164518 700__ $$aKatchova, Ani L.$$1https://orcid.org/0000-0002-7307-4073
000164518 700__ $$aEnlow, Sierra J.
000164518 8564_ $$90a550a3c-3203-4743-a008-efdfefb9e28d$$s180184$$uhttps://ageconsearch.umn.edu/record/164518/files/Agribusiness%20Financial%20Performance.pdf
000164518 887__ $$ahttp://purl.umn.edu/164518
000164518 909CO $$ooai:ageconsearch.umn.edu:164518$$pGLOBAL_SET
000164518 912__ $$nSubmitted by Ani Katchova (akatchova@uky.edu) on 2014-03-02T23:22:52Z
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  Previous issue date: 2013
000164518 913__ $$aLicense granted by Ani Katchova (akatchova@uky.edu) on 2014-03-02T23:15:38Z (GMT):

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000164518 980__ $$a1639
000164518 982__ $$gUniversity of Kentucky, Department of Agricultural Economics>Staff Papers