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Abstract
Information is presented on sales, production,
costs, assets and liabilities, and efficiency
indicators for 12 cut foliage businesses in
Florida for the year of 1997, and changes in
business performance from the previous year.
The average firm had annual sales of $902
thousand (K), used 45 acres of production
area, employed 23 full-time equivalent (FTE)
persons, and managed $1.158 million (M) in
owned and leased capital. Value produced per
acre of growing area averaged $15.3K. Total
sales per FTE person averaged $38.9K. Total
capital managed per FTE and per acre of
growing space averaged $50.0K and $25.8K,
respectively. Managed capital turnover
averaged 0.78. Total costs averaged $892K
and total costs per acre of production area
averaged $14.4K. As a share of total sales,
expenses averaged 41 percent for employee
labor, 13 percent for materials, 18 percent for
finished products brokered, 3 percent for
equipment/facilities, 12 percent for
administrative overhead, 7 percent for capital,
and 5 percent for management/owners. Net
income, including owner/management
compensation, averaged $166K and net profit
margin averaged 16 percent. Rate of return
on assets and rate of return on net worth were
18.8 and 34.7 percent, respectively. Overall
business profitability was markedly improved in
1997 over the previous year for the same firms
sampled. Similar information is presented for
large-, medium-, and small-sized firms, as well
as highly profitable firms.