scholarly journals Application financial analysis methods for the designing of innovative food enterprises, aimed at import substitution

2019 ◽  
Vol 81 (1) ◽  
pp. 397-401
Author(s):  
K. V. Chekudaev ◽  
G. A. Suyazova ◽  
E. A. Motina ◽  
N. A. Matvienko
Keyword(s):  
Financial Analysis ◽  
Import Substitution ◽  
Financial Statements ◽  
Bankruptcy Risk ◽  
Return On Equity ◽  
Voronezh Region ◽  
Membrane Processing ◽  
Asset Turnover ◽  
Probability Of Bankruptcy ◽  
Product Sales

The article formulates the problem of the lack of pectin production in the country, which affects the food security of Russia. The relevance and significance of this problem, as well as the feasibility of creating a pectin production line in the territory of the Voronezh Region are considered. Various technologies for the production of pectin are given, but the most progressive is the method of electro-membrane processing of technological media. Further, the work presents the production and financial plan of the projected enterprise for the production of pectin and based on its results, forward-looking financial statements are formed. To assess the probability of bankruptcy of an enterprise, it is necessary to create an adapted methodology for assessing the risk of bankruptcy. On the basis of a sample of enterprises whose activities are related to the production of thickeners and gelling agents, some of which are actual bankrupts, a modified Suyazova model is created. economic profitability indicators, current liquidity ratio, return on equity, stock turnover ratio, asset turnover and product sales profitability across all enterprises in the last three years of the company's activity were calculated. On the basis of the calculations made, a new method was obtained, defining 4 possible probabilities of bankruptcy: high, medium, low and minimal. The technique was tested on the same enterprises that were used to create it. Approbation of the methodology showed that in the year of bankruptcy all bankrupt enterprises were classified as bankrupt, and the existing ones were recognized as valid. The model also predicts the average and high probability of bankruptcy two years before the onset of insolvency. This allows us to conclude that the predictive power of the proposed methodology is high. The created model predicts minimal bankruptcy risk for the projected enterprise. Consequently, the creation of pectin production is recognized as expedient and the development of this enterprise must continue.

scholarly journals Evaluation of Pre and Post Demerger-Merger Performance: Using ABN AMRO Bank as an Example

2017 ◽  
Vol 9 (2) ◽  
pp. 196 ◽  
Author(s):  
Han Bao
Keyword(s):  
Significant Influence ◽  
Financial Analysis ◽  
Financial Ratios ◽  
Statistical Techniques ◽  
Return On Equity ◽  
Paired Sample ◽  
Merger Analysis ◽  
Net Profit ◽  
Asset Turnover ◽  
The Impact

This study attempts to measure the impact of simultaneously demerger and merger over the financial performance of ABN AMRO Bank for the period 2007-2013 by using the DuPont system of financial analysis. ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. The bank demerged from Royal Bank of Scotland Group (RBS) in the first quarter of 2010 and merged with Fortis Bank Nederland from July 1, 2010. Two statistical techniques are used in this study; first the analysis of pre and post Demerger-Merger financial ratios is drawn and second paired sample t-test is used. Based on the analysis of 3 years pre and post Demerger-Merger financial ratios and data of ABN AMRO Bank, the result shows that the event of merger-demerger has no significant influence on the bank’s Net profit margin, Total asset turnover, Return on equity and Equity multiplier. This research fills the gap of Demerger-Merger analysis in the bank industry by using DuPont system of financial analysis.

scholarly journals Pengukuran Kinerja Keuangan PT Bank Panin Dubai Syariah Tbk Menggunakan Model Analisis DuPont System

Telaah Bisnis ◽  
2021 ◽  
Vol 21 (1) ◽  
pp. 47
Author(s):  
Evan Stiawan ◽  
Vivi Esty Magfiroh
Keyword(s):  
Return On Investment ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Reports ◽  
Return On Equity ◽  
Analysis Techniques ◽  
Significant Difference ◽  
Net Profit ◽  
Asset Turnover ◽  
Secondary Data Sources

The purpose of this study is to study and compare financials for each financial period for three periods from PT Bank Panin Dubai Syariah Tbk. Period 2016-2018. The company’s financial performance uses Return on Equity (ROE), Return on Investment (ROI), Total Asset Turnover (TAT), and Net Profit Margin (NPM). This study uses a comparative quantitative method using secondary data sources, namely the source of PT Bank Panin Dubai Syariah Tbk’s financial reports since 2009. The research sample consisted of 12 financial statements selected by purposive sampling with a total of 48 data, and data analysis techniques using Two Ways ANOVA. The analysis showed a significant difference between finances based on the category of financial ratios over the three periods known from the significant value of 0,000<0.05.

scholarly journals ANALISIS RASIO KEUANGAN SEBAGAI ALAT UNTUK MENGEVALUASI KINERJA KEUANGAN PADA PT. KALBE FARMA Tbk DI BURSA EFEK INDONESIA

2017 ◽  
Vol 2 (02) ◽  
Author(s):  
Friska Maharani H. ◽  
Jianto B. Amiranto
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Financial Statements ◽  
Research Activity ◽  
Return On Equity ◽  
Financial Report ◽  
Calculation Results ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

ABSTRACTThe financial report is a very important tool to obtain information relating to the financial position and the results achieved by the company. So that the financial statements may mean for the parties concerned it is necessary to conduct the analysis of the relationship of financial statement items. Ratio analysis can be used to give a picture of the actual financial situation of the company and whether the company is doing a healthy business. Problems taken is how the company's financial performance at PT. Kalbe Farma Tbk in 2011-2014. This research uses descriptive method that uses quantitative data in the form of financial keuangan.Laporan reports obtained from the Indonesia Stock Exchange in Surabaya located at Jl. Manyar Pumpungan 30 Surabaya.Sedangkan an analytical tool used in this research is to use analysis ratios include the ratio of liquidity, solvency, activity and profitability. Results of the study analyzes the current ratio shows that PT. Kalbe Farma Tbk. able to pay off current debt with its current assets. Because every Rp.1 of current liabilities secured Rp 3.33 in current assets. Analysis of the quick ratio is able to meet its obligations due to any debt secured Rp 1 current liabilities secured Rp 2.18 in current assets. Research activity ratio, the ratio used no 4. First, the average age of the company's receivables exceeding the due payment agreement. While the average age of receivables generated approximately 2 months of payments. Inventory, supply turnaround occurs every 120 days in a year. Inventory turnover going pretty well. Fixed asset turnover calculation results PT. Kalbe Farm Tbk. capable of producing penjulan amounted to 4.40. Total asset turnover is high enough to generate sales for the year 2011-2014 in the amount of 1.40 of its assets. The solvency ratio, debt to equity ratio is increasing every year it can be concluded that the company is able to meet its obligations to the capital owned. Debt to asset ratio shows the ability of the asset whose value is higher than the value of the debt. Means the asset is able to meet the obligations of the company. Profitability ratios, results of calculation of the profit margin PT. Kalbe Farma Tbk in 2011 the value of the calculation of the resulting 14.1%, but in the year 2012 to 2014 has decreased. Results of calculation return on assets shows the assets owned by the company is able to generate a profit of 18% from 2011-2014. The calculation result shows the company's return on equity is high enough to generate profits from the capital of the company by 23% from 2011-2014. Keywords: Financial Statements, Financial Ratios, and Financial Performance

scholarly journals KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH AKUISISI PADA PT BUMI SERPONG DAMAI TBK

2018 ◽  
Vol 11 (1) ◽  
pp. 44
Author(s):  
Chandra Jaya Varana ◽  
Ellen Rusliati
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Research Data ◽  
Total Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
Financial Ratio ◽  
Before And After ◽  
Asset Turnover ◽  
Equity Ratio

This research aims to analyze financial performance before and after acquisition of PT Bumi Serpong Damai. Financial performance measured by using financial ratio: Current Ratio (CR), Total Asset Turnover (TATO), Debt Equity Ratio (DER). Methods of analysis using comparative descriptive with paired sample t-test, this research data used are the financial statements of PT Bumi Serpong Damai periodof 2008-2014. The result of this research indicate that there are no differences between the financial perfoermance before and afrter acquisition, as measured by current ratio, total asset turnover, debt equity ratio, and return on equity.

FINANCIAL ANALYSIS OF THE INVESTMENT ATTRACTIVENESS OF THE ENTERPRISE

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 270-273
Author(s):  
TETYANA RZAEVA ◽  
Keyword(s):  
Financial Reporting ◽  
Financial Stability ◽  
Financial Analysis ◽  
Cost Index ◽  
Return On Equity ◽  
Financial Condition ◽  
Standard Position ◽  
Theoretical Approaches ◽  
Asset Turnover ◽  
The Cost

The purpose of the article is to study the concept of investment attractiveness of the enterprise. Outline of existing methods and areas of research. Research of existing theoretical approaches to understanding the concept of “investment attractiveness”. Determining areas for assessing investment attractiveness according to the needs of financial analysis. It is advisable to study the company’s position in the market and its business reputation. It is important to calculate the integrated coefficient of investment attractiveness. It is important to calculate the ratio of borrowed and own funds, asset turnover ratio, current liquidity ratio, return on equity. It is important to set the parameters corresponding to the level of the standard position of the enterprise in the market. Emphasis is placed on assessing the level of the company’s dependence on competitors. It is important to study the profitability of products, return on investment. It is important to consider the strengths and weaknesses of the enterprise. It is appropriate to calculate the sales revenue index, the net profit index, the cost index, the long-term liability index. It is proposed to study the dynamics of the characteristics of financial stability, profitability, liquidity of assets and their turnover. The purpose of the article is achieved. Theoretical approaches to the concept are investigated. The directions of assessment are considered. The development of existing directions is offered. The needs of financial analysis are outlined. The directions of financial analysis of investment attractiveness are determined. Some results were obtained. It is proposed to assess the investment attractiveness of the enterprise based on the results of financial analysis. The basis of financial analysis is financial reporting. Analysis of financial condition is the basis for financial analysis. It is expedient to carry out the financial analysis in the following section: the analysis of liquidity of the enterprise, its solvency, financial stability, business and market activity, etc.

scholarly journals Identifying medium-sized agricultural enterprises with the greatest potential for innovation development

2021 ◽  
Vol 68 (1) ◽  
pp. 213-227
Author(s):  
Sonja Đuričin ◽  
Isidora Beraha
Keyword(s):  
Agricultural Sector ◽  
Financial Analysis ◽  
Financial Statements ◽  
Z Score ◽  
Innovation Development ◽  
Agricultural Enterprises ◽  
Negligible Probability ◽  
The Subject ◽  
Probability Of Bankruptcy ◽  
Score Model

The aim of the research is to identify medium-sized agricultural enterprises with the greatest potential for innovation development. The subject of the research is the key financial performance of the observed enterprises in 2017. Data were obtained from official financial statements publicly available on the website of the Serbian Business Registers Agency (SBRA). The aim of the research was realized by applying financial analysis methods and the Altman Z-score model. The purpose of the research is to improve the efficiency of limited funds for financing innovative activities in the agricultural sector. The research results are data on enterprises with negligible probability of bankruptcy and which thus have the greatest potential for innovation development.

scholarly journals Assessment and forecasting bankruptcy risk of mining companies

2018 ◽  
Vol 11 (3) ◽  
pp. 261-272
Author(s):  
N. A. Kazakova ◽  
A. F. Leshchinskaya ◽  
A. E. Sivkova
Keyword(s):  
Financial Statements ◽  
Probability Assessment ◽  
Basic Algorithm ◽  
Bankruptcy Risk ◽  
Financial Situation ◽  
Discriminant Model ◽  
Mining Companies ◽  
Probability Of Bankruptcy ◽  
Metallurgical Company ◽  
Processing Enterprise

Comparative analysis of domestic and foreign methods of bankruptcy diagnostics allowed to offer key determinants for modeling the probability of bankruptcy taking into account the industry specificity of mining and metallurgical companies. On the basis of a generalization of the results of the correlation analysis, a high interrelation between indices of industrial production and indices – indicators of the probability of bankruptcy of these companies was revealed. The possibilities of monitoring the evaluation of indicators obtained on the basis of financial statements. Monitoring of calculated coefficients is necessary to ensure the reliability and sustainability of companies’ work and is a forecasting mechanism that allows to predict changes in the financial situation in the future. The bankruptcy probability assessment was carried out for a group of enterprises including: Рublic Сompany Vysokogorsky ore mining and processing enterprise, Рublic Сompany Bashkir coppersulfur plant, Рublic Сompany Pechenganikel being a production unit of Kola Mining and Metallurgical Company OJSC and Рublic Сompany Severstal, RUSAL. As a result of the conducted research of the five largest companies of the mining and metallurgical complex, based on the indicators of the probability of bankruptcy, proposals have been developed for the system of indicators for inclusion in the discriminant model of forecasting bankruptcy, which will improve the accuracy of the results of diagnosing insolvency risks of companies. In addition, a basic algorithm is proposed that reflects the scenario of controlling the risk of bankruptcy for the companies of the mining and metallurgical complex.

scholarly journals Using Accounting Information For Financial Planning And Forecasting: An Application Of The Sustainable Growth Model Using Coca-Cola

2011 ◽  
Vol 7 (5) ◽  
pp. 9 ◽  
Author(s):  
John C. Gardner ◽  
Carl B. McGowan Jr ◽  
Susan E. Moeller
Keyword(s):  
Growth Model ◽  
Financial Planning ◽  
Financial Analysis ◽  
Retention Rate ◽  
Accounting Information ◽  
Sustainable Growth ◽  
Return On Equity ◽  
Net Profit ◽  
Asset Turnover ◽  
A Company

The purpose of this paper is to provide a case example to teach students how to estimate a companys sustainable growth by using an extension of the DuPont System of financial analysis on Coca-Cola Corporation. The DuPont system is based on a companys return on equity that is decomposed into three components: net profit margin, total asset turnover, and the equity multiplier. The extended DuPont system of financial analysis multiplies return on equity by the earnings retention rate to calculate sustainable growth. Sustainable growth is the highest level of growth in sales that a company can achieve using internally generated funds only.

scholarly journals ANALISIS KINERJA KEUANGAN LEMBAGA PERKREDITAN DESA ADAT BANGKANG BAKTISERAGA MENGGUNAKAN ANALISIS DU PONT

2019 ◽  
Vol 14 (2) ◽  
Author(s):  
Putri Anggreni
Keyword(s):  
Financial Performance ◽  
Performance Appraisal ◽  
Financial Analysis ◽  
Balance Sheet ◽  
Good Health ◽  
Financial Statements ◽  
Return On Equity ◽  
Future Performance ◽  
Income Statement ◽  
Credit Institutions

The management is required to always introspect condition of the company, especially in terms of financialnya, because it holds the key to life and death of the company. The condition that the  company should always be monitored, can be done by analyzing the financial statements themselves, which generally consist of a balance sheet and income statement. Through the analysis of the financial statements can be found successful achievement of achievement demonstrated by the absence of a healthy financial statements, which is the basis of performance appraisal or part of the existing work in the company.Used in this study to analyze the financial statements is Du Pont, aims to determine the state of Indigenous Village Credit Institutions Bangkang Baktiseraga which was done by measuring the financial performance. Analysis of Du Pont is one of the techniques that are thorough financial analysis, management can determine the level of efficiency of capital use. Financial performance results obtained from the calculation of Return on Assets and Return on Equity from year to year decline, but is still in good health as above average standard of Bank Indonesia. Village Credit Institutions should determine the condition of future performance in order to be a better performance than the previous year and the profit achieved will also be maximized. Key words: Financial Performance, LPD, ROA, ROE, Du Pont Analysis

DETERMINANTS OF FINANCIAL PROFITABILITY OF FEEDINGSTUFFS PRODUCERS

2019 ◽  
Vol XXI (1) ◽  
pp. 22-30
Author(s):  
Dorota Czerwińska-Kayzer ◽  
Joanna Florek
Keyword(s):  
Animal Feed ◽  
Financial Statements ◽  
Financing Structure ◽  
Return On Equity ◽  
Factors Affecting ◽  
Effect Model ◽  
Return On Capital ◽  
Asset Turnover ◽  
Profitability Ratios ◽  
Financial Profitability

Return on equity is among the basic ratio of economic benefit for enterprise owners. It must be generated as a fundamental condition for the continuous operation and development of an enterprise, regardless of the type of business. The main purpose of this paper was to identify the strength and direction of impact of selected determinants behind financial profitability of animal feed producers. The analysis was based on a six-factor cause-and-effect model linking the determinants of financial profitability to three areas of business activity: the operating, financial and fiscal area. This study relied on the financial data between the years 2011–2016 of individual financial statements of animal feed producers. Based on the results of multiple regression analysis, no factors could be identified that consistently affect the return on equity in the period considered. However, the following can be concluded to be the main factors affecting the variation in return on equity of animal feed producers: the ratio of cash from operating activities to net sales; the return on capital employed; and the financing structure. As shown by this study, in order to improve profitability ratios and, thus, to provide more value to owners and increase the value of the company, managers of establishments producing animal feed should focus their efforts on improving cash management efficiency and asset turnover as well as managing sources of funding.

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