A FINANCIAL ANALYSIS OF AGRICULTURAL COMPANIES IN IRAQ FOR THE PERIOD (2005-2016)

Abstract

Agricultural companies could push investment forward and help in production base variation and developing production techniques. They also play a significant role in organizing and providing requirements of market economy. This work aimed at studying economic efficiency of the six agricultural companies that are registered at Iraqi stock market for the period 2005-2016. Capital of these companies was between (300 million-7.5 billion IQD). Several financial analysis indicators were applied such as activity percentages. Average of capital circulation was 0.91 for private company of agricultural production، and lowest share was for Iraqi company for producing and marketing field crops. Assets average circulation was highest for the private company at 6.1، and lowest for the modern company of agricultural and animal production. For profitability percentages، pure profit was lowest for Iraqi company at 21.5 and highest for Middle East Company of producing and marketing fish at 59.3. Holder’s revenue was between (-10 and -16.2)، revenue of assets was between (- 5.7 and -11.6). Other indicators were also applied such as percentage of share circulation and annual average price. In general، the work concluded that there is a clear variation on the financial percentages and indicators within companies and this shows that investment is not about to be expanded. The recommendations were to put successful agricultural policies that address losses and why profits were decreased to find solutions even if that leads companies to be integrated or even shut down.