Financial performance of the pharmaceutical manufacturers: 2020 interim results

2020 ◽  
pp. 64-69
Author(s):  
Svetlana Romanova ◽  
Keyword(s):  
Financial Performance ◽  
Economic Activity ◽  
Financial Resources ◽  
Financial Status ◽  
Data Form ◽  
Pharmaceutical Manufacturers

Financial status is the most important characteristic of the economic activity of the industry enterprises, which determines its economic attractiveness. Let us consider a set of indicators reflecting the availability, placement and use of financial resources of enterprises in the industry. Financial status of the industry enterprises is analysed using the data form State Statistical Reporting Form No. P-3 Information on Company Financial Status.

Financial results of pharmaceutical industry: 2020

2021 ◽  
pp. 81-86
Author(s):  
Svetlana Romanova
Keyword(s):  
Pharmaceutical Industry ◽  
Economic Activity ◽  
Financial Resources ◽  
Pharmaceutical Companies ◽  
Financial Status ◽  
Data Form

Financial status is the most important characteristic of the economic activity of the industry enterprises, which determines its economic attractiveness. Let us consider a set of indicators reflecting the availability, placement and use of financial resources of enterprises in the industry.Financial status of pharmaceutical companies is analysed using the data form State Statistical Reporting Form No. P-3 – Information on Company Financial Status.

Profit as a key motive and the resulting indicator of the activity of state corporations

2021 ◽  
pp. 42-49
Author(s):  
M.V. Dubrova
Keyword(s):  
Economic Activity ◽  
The State ◽  
Financial Resources ◽  
Project Financing ◽  
State Development ◽  
Non Profit ◽  
Priority Areas ◽  
The World ◽  
Development Institutions ◽  
State Corporation

Development institutions are becoming the most important tools for regulating economic activity both in Russia and in the world, through the implementation of social projects, the accumulation of financial resources and their direction to the priority areas of state development. The purpose of the study is to study the financial results of state corporations, in particular development institutions, and their role in providing project financing. The proposed article provides an assessment of the profit of the state corporation «Bank for Development and Foreign Economic Activity» (GC «Vnesheconombank»), emphasizes the specifics of the state corporation as a non-profit organization, and provides recommendations for improving the efficiency of the financial activities of the GC «Bank for Development and Foreign Economic Activity».

Factors of Influence on the Financial Performance of Agricultural Enterprises

2020 ◽  
pp. 220-227
Author(s):  
Mariia Petrova ◽  
Keyword(s):  
Financial Performance ◽  
Economic Activity ◽  
Complex Problem ◽  
Economic Stability ◽  
Agricultural Enterprises ◽  
Technical Innovations ◽  
Factors Of Influence ◽  
Definition Of ◽  
High Level ◽  
The Cost

The article is devoted to the analysis of factors of influence on the increase in financial performance of agricultural enterprises. The approaches of scientists to determine the essence of the concept of profit are analyzed, their own definition of the concept is formed. The system of proof that the company's task is to make a profit, which is the main stimulus of economic activity is provided. Profit ensures the economic stability of the company, guarantees its financial independence. In order to improve financial results, the company is interested in looking for untapped opportunities and reserves, more efficient ways of using resources, producing products for which there is demand, applying organizational and technical innovations that ensure the efficiency of production, etc. Therefore, the study of factors that affect the level of profitability of the company is a very topical topic that requires further research. It has been established that profit is the main financial result and an incentive for the economic activity of enterprises, the main source of its functioning and development. In today's environment, improving financial results is a complex problem. For their continued growth, the company is interested in updating methods of mobilizing hidden opportunities and reserves, preserving existing and attracting additional resources, upgrading production facilities, focusing on the production of goods of constant and high demand, introducing organizational and technical innovations, and constantly improving the efficiency of production. The need for continuous creative analysis of factors that affect the size of the profit is emphasized. Ways to ensure the growth of financial results of agricultural enterprises by reducing the cost of production, adjusting the prices of products, increasing the technological level of production, changing the structure and volume of products, increasing soil fertility, the level of productivity, the most rational use of labor, material and financial potential are explored. All this, combined with the effect, is able to provide the company with a high level of profitability of operation, increase its level of competitiveness, increase the demand for products, develop export potential, attract new investors, update the fixed capital, improve the fertility of the soil, eventually improve the environment.

scholarly journals Avoided emissions and conservation of scrub mangroves: potential for a Blue Carbon project in the Gulf of California, Mexico

2018 ◽  
Vol 14 (12) ◽  
pp. 20180400 ◽  
Author(s):  
M. F. Adame ◽  
E. Najera ◽  
C. E. Lovelock ◽  
C. J. Brown
Keyword(s):  
Short Stature ◽  
Emission Reduction ◽  
Gulf Of California ◽  
Blue Carbon ◽  
Financial Resources ◽  
Dominant Form ◽  
Financial Status ◽  
Avoided Emissions ◽  
Carbon Project ◽  
Definition Of

Mangroves are considered ideal ecosystems for Blue Carbon projects. However, because of their short stature, some mangroves (‘scrub’ mangroves, less than 2 m) do not fulfil the current definition of ‘forests’, which makes them ineligible for emission reduction programmes such as REDD+. Short stature mangroves can be the dominant form of mangroves in arid and nutrient-poor landscapes, and emissions from their deforestation and degradation could be substantial. Here, we describe a Blue Carbon project in the Gulf of California, Mexico, to illustrate that projects that avoid emissions from deforestation and degradation could provide financial resources to protect mangroves that cannot be included in other emission reduction programmes. The goal of the project is to protect 16 058 ha of mangroves through conservation concessions from the Mexican Federal Government. The cumulative avoided emissions of the project are 2.84 million Mg CO 2 over 100 years, valued at $US 426 000 per year (US$15 per Mg CO 2 in the California market). The funds could be used for community-based projects that will improve mangrove management, such as surveillance, eradication of invasive species, rehabilitation after tropical storms and environmental education. The strong institutional support, secure financial status, community engagement and clear project boundaries provide favourable conditions to implement this Blue Carbon project. Financial resources from Blue Carbon projects, even in mangroves of short stature, can provide substantial resources to enhance community resilience and mangrove protection.

scholarly journals Desempenho Econômico-Financeiro e os Investimentos Socioambientais de Empresas do Sul do Brasil ## Economic-Financial Performance and Socio-Environmental Investments of Companies in Southern Brazil

2020 ◽  
Vol 9 (2) ◽  
pp. 273
Author(s):  
Camila Peripolli Sanfelice ◽  
Milena Silva de Oliveira ◽  
Marivane Vestena Rossato ◽  
Larissa Degenhart
Keyword(s):  
Corporate Social Responsibility ◽  
Financial Performance ◽  
Negative Impact ◽  
Financial Resources ◽  
Environmental Responsibility ◽  
Net Income ◽  
Southern Brazil ◽  
The Social ◽  
Net Revenue ◽  
Corporate Social

ResumoA sociedade vem exigindo que organizações mantenham uma postura de responsabilidade socioambiental. A partir destas exigências estas têm se preocupado em investir em ações que minimizam o impacto negativo gerado, pois seus resultados são obtidos a partir do uso de recursos naturais, humanos e financeiros. Nesse contexto, o objetivo deste estudo consiste em analisar se o desempenho econômico-financeiro influencia os investimentos socioambientais de empresas do Sul do Brasil. A pesquisa classifica-se como descritiva, documental e quantitativa, por meio da regressão linear múltipla. O período de análise compreendeu 2014 a 2017.Aamostra correspondeu as empresas listadas no ranking das 500 Maiores Empresas do Sul do Brasil, conforme a Revista Amanhã e que comercializam ações na B3 (Brasil, Bolsa, Balcão). Os resultados revelaram que a quantidade de funcionários e o lucro líquido influenciam os ISI. A quantidade de funcionários, tamanho, ISE e receita líquida defasada, lucro líquido e o EBITDA impactam nos ISE. Exercem influência sobre os IA, o tamanho, IA e receita líquida defasados e o lucro líquido. No geral, tais resultados revelam que as maiores empresas do Sul do Brasil, consideram seus resultados econômico-financeiros para investirem na área socioambiental, contribuindo para com os resultados da empresa e gerando benefícios também para a sociedade e meio ambiente. Esta pesquisa contribui para com a gestão das empresas, pois os resultados demonstram que por meio de ações voltadas a responsabilidade social corporativa é possível desenvolver estratégias que contribuem para a competitividade das empresas do Sul do Brasil e o desempenho econômico-financeiro consequentemente potencializa tais ações. AbstractSociety has been demanding that organizations maintain a posture of social and environmental responsibility. From these requirements they have been concerned with investing in actions that minimize the negative impact generated, since their results are obtained from the use of natural, human and financial resources. In this context, the objective of this study is to analyze whether the economic and financial performance influences the social and environmental investments of companies in southern Brazil. The research is classified as descriptive, documentary and quantitative through multiple linear regression. The analysis period comprised 2014 to 2017.The sample corresponded to the companies listed in the ranking of the 500 Largest Companies in Southern Brazil, according to Amanhã Magazine and that sell shares in B3 (Brazil, Bag, Counter). The results revealed that the number of employees and net income influence the ISI. Number of employees, size, ISE and lagged net revenue, net income and EBITDA impact on ISE. They influence lagged AI, size, AI and net revenue, and net income. Overall, these results reveal that the largest companies in southern Brazil consider their economic and financial results to invest in the social and environmental area, contributing to the company's results and generating benefits for society and the environment. This research contributes to the management of companies, because the results show that through actions aimed at corporate social responsibility, it is possible to develop strategies that contribute to the competitiveness of companies in southern Brazil and the economic and financial performance consequently enhances such actions.

scholarly journals CANONICAL VARIATE ANALYSIS APPLIED TO DETERMINE FACTORS INFLUENCING THE FINANCIAL SITUATION OF FEED ENTERPRISES

2020 ◽  
Vol XXII (2) ◽  
pp. 21-31
Author(s):  
Dorota Czerwińska-Kayzer ◽  
Joanna Florek ◽  
Dariusz Kayzer
Keyword(s):  
Financial Performance ◽  
Economic Activity ◽  
Animal Feed ◽  
Canonical Variate ◽  
Economic Downturn ◽  
Financial Situation ◽  
Managerial Efficiency ◽  
Cash Conversion Cycle ◽  
Financial Characteristics ◽  
Economic Upturn

The purpose of this study was to present the factors that determine the financial situation of feed enterprises under different economic conditions. In the pursuit of its main objective, this paper also identifies enterprises which share similar financial characteristics. The goals defined above were sought with the use of canonical analysis. The variables used in the analysis were calculated based on the financial performance figures of feed enterprises carrying out economic activity in 2008-2013 on a continuous basis and delivering complete financial statements throughout that period. Their financial standing was assessed with indicators that allow to describe corporate operations in all areas of economic activity, i.e. liquidity, financial support, managerial efficiency and financial efficiency. This research found that while the group of feed enterprises is relatively homogeneous in terms of financial standing, it includes outliers exhibiting clearly different characteristics of the cash conversion cycle. The conclusion from this study is that operators who stand apart in terms of their different financial situation are engaged in animal production in addition to their core business (which is animal feed production). This suggests they follow a multi-modal activity pattern. The study also confirmed that during the economic downturn (in 2009), the operators surveyed saw their financial performance deteriorate. Conversely, they recorded an improvement in the years of economic upturn (2012). Another conclusion is that liquidity ratios exhibited greater variation.

scholarly journals Widening the digital divide: A study on the possible impact of the convergence Bill of 2003 on the South African cybereconomy

2014 ◽  
Vol 8 (4) ◽  
pp. 490-497
Author(s):  
EM Da Silva ◽  
CJ Kruger
Keyword(s):  
South Africa ◽  
Digital Divide ◽  
South African ◽  
Developing Country ◽  
Economic Activity ◽  
External Environment ◽  
Present Form ◽  
Financial Resources ◽  
Business Growth ◽  
Long Run

Business does not exist in a vacuum. The external environment is either conducive to or stifles business growth. Van Rooyen (2004: 399) points out that ‘E-business has important implications for South Africa as an emerging economy, as it creates the possibility of better access to various financial resources and eventually increased economic activity. This will affect all sectors in the economy and may lead to generally improved business infrastructure for the country as a whole and for individual business, local authorities and government treasury departments. This is especially important for South Africa as a developing country, which in turn, will make an important contribution to rapid alleviation of private and more rapid reform in the long run’.  A major determinant of the external environment in which business operates is legislation and regulation. It therefore follows that any regulation or legislation pertaining to E-business must be conducive to growth.  The draft Convergence Bill of 2003 is to be tabled in Parliament during its next session.  In this paper it is argued that in its present form, the proposed Convergence Bill is in fact detrimental to organisational growth, a potential kiss of death for E-enabled organisations.

scholarly journals Pengaruh Sumber Daya Finansial, Aset Tidak Berwujud dan Keunggulan Bersaing yang Berimplikasi Terhadap Kinerja Usaha Mikro, Kecil dan Menengah di Lombok NTB

2017 ◽  
Vol 11 (2) ◽  
pp. 151-158
Author(s):  
Ahmad Fauzi ◽  
Budi Suharjo ◽  
Muhammad Syamsun
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Competitive Strategy ◽  
Financial Resource ◽  
Partial Least Square ◽  
Least Square ◽  
Financial Resources ◽  
Intangible Asset ◽  
Customer Capital ◽  
Innovation Capital

The research analyzes the financial resources, intangible assets (innovation capital, human capital, and customer capital), competitive advantage and financial performance, also analyzing its effect and analyzing business feasibility from the point view of Net Present Value (NPV), Profitability Index (PI), Payback Period (PP) and Internal Rate of Return (IRR) on cow commodities, corn and seaweed (PIJAR). The method used is qualitative and quantitative, the respondent are choose by purposive sampling with the criteria of SME which conduct their business on cow commodities, corn and seaweed at Lombok NTB Region. This research is using the Partial Least Square (PLS) analysis which is a statistical method on varian basis. The research results obtained by the Financial Resource Capacity has well sufficient capacity of (3.29), Intangible Asset have well sufficient capacity of (3.86), well good for Competitive Strategy Excellence Cost of (3.92) and quite good Financial Performance. The influence among variables on the seaweed commodities : (1) Financial Resource does not affect the financial performance and price competitive competition, so the financial resources capacity is well good, although its not yet able to contribute on the financial performance; (2) Innovation capital affect on financial performances but do not affect on competitive strategy; human capital affect on the financial performance and competitive strategy; customer capital affect on the financial performance and competitive strategy; and (3) The business feasibility for PIJAR commodities are very well based on the view point of NPV, PP, PI and IRR.

scholarly journals Analysis of risk and threats to financial performance of enterprises in agro-industrial complex

2021 ◽  
Vol 273 ◽  
pp. 08058
Author(s):  
Alexey Tabakov ◽  
Irina Fomina
Keyword(s):  
Risk Assessment ◽  
Financial Performance ◽  
Probabilistic Model ◽  
Economic Activity ◽  
Assessment Methods ◽  
Critical Values ◽  
Industrial Complex ◽  
Suggested Approach ◽  
Factors Affecting ◽  
Risk Probability

The article discusses the risk assessment methods of financial performance of an enterprise. The essence of the main risks typical in enterprises of agro-industrial complex is described, sources of risk and factors affecting the financial performance are identified. A logical and probabilistic model of the risk of financial performance of an enterprise is suggested; factors and events that initiate the loss of profit, a decrease in sales revenues and an increase in the costs of enterprises in the agro-industrial complex are revealed. A method for calculating the significant values of risk probability and security areas for the formation of the financial performance of an enterprise is presented. An algorithm for calculating the dependencies was developed and it makes it possible to assess the critical values of indicators of financial and economic activity of an enterprise and the level of risk and threats to financial performance. The expediency of use of the authors’ algorithm in order to optimize the amount and structure of costs and capital. It was stated that the suggested approach allows to monitor continuously the magnitude of risk and threats, to evaluate the effectiveness of measures which reduce the risk of having undesirable financial performance in an enterprise.

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