Financial Benchmarking of Small and Medium Agro - Processing and Value Addition Agribusiness Enterprises in Kenya
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 9
Abstract
Financial benchmarking in volves financial analysis of an enterprise and comparing the findings to other enterprises in order to assess the competiti veness, productivity and efficiency of such enterprises. The goal is to establish the deviations from average norms and identify entry point for improving an enterprise performance. The study sought to compile some financial ratios that can be used in benc hmarking different categories of small and medium agro - enterprises (SMAEs) and value addition agribusinesses in Kenya. The ratios documented include; variable input, paid labour, power and machinery, rent and finance, sundry overheads and net income Twenty enterprises from different sub - sectors were analysed. The sub - sectors analysed included dairy, fruits and vegetables, cereals, other livestock products, and edible nuts and oils. The data used was from an earlier findings of appraisal of SMAEs activities by the Ministry of Agriculture in Kenya. The study also has compiled findings on assessment of the improvement in performance of some of the thirteen enterprises that were benchmarked using some earlier given ratios and which were capacity build based on t he deviations identified during benchmarking. The study shows some variations in the ratios across the different sectors and the level of operation. It also indicates that financial benchmarking can provide an entry point to upscaling the performance of S MAEs. The data acquired in the study can be used to benchmark both small and medium agro - processing and value addition agribuiness enterprises.
Authors and Affiliations
S. Njuguna Ndirangu
Keywords
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