scholarly journals Relationship between the Financial Indicators and the Implementation of Telework

2019 ◽  
Vol 10 (1) ◽  
pp. 45-66
Author(s):  
Miroslava Vlčková ◽  
Zuzana Frantíková ◽  
Jaroslav Vrchota
Keyword(s):  
Labour Productivity ◽  
Value Added ◽  
Legal Regulation ◽  
Financial Indicators ◽  
Return On Equity ◽  
Personnel Costs ◽  
Fixed Assets ◽  
The Difference ◽  
Lower Ratio ◽  
A Company

Abstract In most European countries, teleworking or homeworking is used in various forms that differ from one another by its legal regulation. The paper examines the SME’s in the Czech Republic from the perspective what makes them to adopt telework using the financial indicators. We hypothesized that employer adoption of telework would depend on some economic factors. The empirical evidence showed that a typical company that uses telework is a company with higher ratio of liabilities and therefore lower ratio of equity, a lower ratio of fixed assets, higher sales, lower inventory, higher labour productivity and higher value added per employee, higher return on equity, higher personnel costs, higher average wages. Within the analysed enterprises, 16 indicators were assessed; the 9 indicators showed the difference between companies that use telework and companies that do not use telework. The research shows a typical company that uses telework.

scholarly journals Assessing impact of determinants on enterprise value in producing and processing industries

2021 ◽  
Vol 2021 (3) ◽  
pp. 117-124
Author(s):  
Tatyana Vladimirovna Kotova ◽  
Elena Vladimirovna Chernikina ◽  
Yulia Aleksandrovna Gladysheva
Keyword(s):  
Financial Indicators ◽  
Return On Assets ◽  
Return On Equity ◽  
Enterprise Value ◽  
Earnings Per Share ◽  
Fixed Assets ◽  
State Participation ◽  
Industry Affiliation ◽  
Relationship Of ◽  
The Relationship

The article is devoted to studying the evaluation of the determinant factors of the value of state-owned companies, which present the competitive and investment-attractive segment of the economy with high export potential. There are considered the applied aspects of the problem and the influence of financial and non-financial factors on the value of companies, such as: return on assets, return on equity, return on invested capital, leverage, earnings per share, dividends per share, company size, company age, share of fixed assets. The research hypothesis that the selected determinants are significant and affect the value of companies with state participation are examined. The analysis is based on data from public reports of Russian producing and processing companies. The sample includes the data for 2010-2019. Companies with state participation and industry affiliation were selected; a database of indicators of financial statements of selected companies was formed; the financial indicators-factors have been calculated; the relationship of factors with the resulting indicator is determined. It has been inferred that the determinants “earnings per share” and “net working capital” are statistically significant and have an impact on the enterprise value in the industry under study

scholarly journals European benchmarking of determinants of profitability for companies with accrual accounting in the agricultural sector

2020 ◽  
Vol 66 (No. 11) ◽  
pp. 477-488
Author(s):  
Dirk Beyer ◽  
Jana Hinke
Keyword(s):  
Best Practice ◽  
Agricultural Sector ◽  
Labour Productivity ◽  
Affecting Factors ◽  
Accrual Accounting ◽  
Return On Equity ◽  
Fixed Assets ◽  
Return On Capital ◽  
Return On Sales ◽  
Insight Into

In this study, differences in common measures of profitability, such as return on sales, return on capital employed and return on equity, are analysed in agricultural firms with accrual accounting in 10 European countries. The resulting differences in profitability are broken down using an additive decomposition method, which addresses the quantified impact of several affecting factors. This approach is based on a ratio system, which follows the principles of the DuPont identity. According to the general intention of benchmarking, the leading country within the sample for each measure of profitability provides the relevant reference point, representing best practice. This approach provides insight into the specific comparative strengths and weaknesses of the agribusinesses in the countries within the sample and indicates useful starting points for effective improvements. In addition to the value-creating operations, this involves, in particular, labour productivity, the efficient use of fixed assets and the degree of debt financing.

A New Cost Accounting Model and New Indicators for Hospital Management Based on Personnel Cost

2011 ◽  
pp. 419-434
Author(s):  
Yoshiaki Nakagawa ◽  
Hiroyuki Yoshihara ◽  
Yoshinobu Nakagawa
Keyword(s):  
Indirect Cost ◽  
Cost Accounting ◽  
Personnel Cost ◽  
Accounting System ◽  
Financial Indicators ◽  
Personnel Costs ◽  
Accounting Model ◽  
The Difference ◽  
Cost Accounting System ◽  
Break Even Point

New financial indicators were developed based on personnel costs which were calculated using this new cost accounting system. Indicator 1: The ratio of the marginal profit after personnel cost per personnel cost (RMP). Indicator 2: The ratio of investment (=indirect cost) per personnel cost (RIP). Operation profit per one dollar of personnel cost (OPP) was demonstrated to be the difference between the RMP and RIP. The break-even point (BEP) and break-even ratio (BER) could be determined by combining the indicators. RMP demonstrates not only the medical efficiency, but also the medical productivity in the case of DPC/DRG groups. OPP can be utilized to compare the medical efficiency of each department in either one hospital or multiple hospitals. It also makes it possible to evaluate the management efficiency of multiple hospitals.

scholarly journals Effectiveness of Yield Measures on Performance and Profitability of Selected Banks in India

2019 ◽  
Vol 9 (1) ◽  
pp. 4150-4155
Keyword(s):  
Correlation Analysis ◽  
Private Sector ◽  
Value Added ◽  
Return On Assets ◽  
Public And Private ◽  
Return On Equity ◽  
Independent Variables ◽  
Fixed Assets ◽  
Public And Private Sector ◽  
The Relationship

Productivity is one of the important measures which helps for growth and development of economy of the country. The productivity plays a crucial part in organizational achievement of excellence which is essential for dynamic society. Optimum productivity of a company depends on coordination between all inputs that yield maximum profitability with minimum effort. Hence the present study is focus on an objective of identify and compare the factors influencing the Productivity as well as Profitability Performance of select Public and Private sector banks in India. The sample consists of 20 Banks which were operating in India. The study period considered for the study is ten years from 2008-09 to 2017- 18. The methodology which is used in the present study is Correlation analysis which helps to know the relationship between the select variables and Regression analysis is used to analyse the impact of select independent variables such as Sales Per employee, value added per employee, Profit before tax per employee, employee cost to sales and employee cost to value added on dependent variables like Return on Assets, Return on Equity and Value added per fixed assets. Further Independent sample test is used to assess the relationship between Productivity and Performance measures of select Public and Private sector Banks in India. Thus, the results from correlation analysis indicate that almost all the independent variables except Sales per employee and employee cost to sales have significant relationship with dependant variables in both Public sector and private sector banks. The Regression result shows that Sales per employee is having significant negative impact on Return on Assets, return on equity and Value added per fixed assets. Independent samples test reveals that the Private sector banks are showing superior performance than Public sector banks.

scholarly journals Use of the cluster analysis for assessment of economic situation of an enterprise

2013 ◽  
Vol 61 (2) ◽  
pp. 405-410 ◽  
Author(s):  
Martin Maršík ◽  
Daniel Kopta
Keyword(s):  
Cluster Analysis ◽  
Labour Productivity ◽  
Second Step ◽  
Technical Equipment ◽  
Return On Assets ◽  
Mean Values ◽  
Financial Conditions ◽  
Fixed Assets ◽  
Production Area ◽  
The Difference

The aim of the paper was to discuss the disadvantages of enterprises in dry areas compared to enterprises farming in similar production area outside a rain shadow. The analysis was based on the sample of 45 enterprises; twelve of which farming in the area of a rain shadow. In the first step, enterprises were sorted by the cluster analysis into groups farming in the same area, at a similar altitude, with the same structure in a similar manner, and under comparable financial conditions – (such as debt ratio, liquidity and activity ratio). The results of this step showed a different method of farming within enterprises in disadvantaged areas. Such enterprises have created two distinct, separate clusters differing from the average in the use of fixed assets, technical equipment of labour, labour productivity and income structure. In the second step, the way how the return on assets of such enterprises is different from the average profitability of the enterprise was assessed. Testing differences in mean values of profitability was performed using the Student t–test. Due to the high variability of the Return on assets (ROA), the difference between standard and disadvantaged enterprises has not been proved.

scholarly journals The use of neural networks to determine value based drivers for SMEs operating in the rural areas of the Czech Republic

2020 ◽  
Vol 11 (2) ◽  
pp. 325-346 ◽  
Author(s):  
Jaromír Vrbka
Keyword(s):  
Neural Networks ◽  
Czech Republic ◽  
Rural Areas ◽  
Economic Value ◽  
Value Added ◽  
Value Drivers ◽  
Data Set ◽  
The Czech Republic ◽  
The Difference ◽  
A Company

Research background: In the past, the main objective of a company was to generate sufficient profit. Nowadays, a company must seek to achieve much broader objectives. To be successful in this pursuit, it must not only measure financial performance, but also monitor internal and external developments, increase shareholders’ wealth and protect the interests of other stakeholders, i.e. to analyze and act on those factors that affect company value. Purpose of the article: The objective of the contribution is to determine through the use of artificial neural networks the relationship between business value drivers, or value based drivers (VBD), and EVA Equity, which is economic value added (EVA), of small and medium-sized enterprises operating in the rural areas of the Czech Republic. Methods: The data was obtained from the Bisnode´s Albertina database. The data set consists of the profit and loss accounts for 2013 to 2017 of small and medium-sized enterprises operating in rural areas of the Czech Republic. Two scenarios are analyzed. In the first, the independent variables are only the value drivers, whereas in the second, company location (region) is included. The objective is to find the dependence of EVA Equity on individual VBD and company location. A sensitivity analysis is conducted, on the basis of which the importance of individual value drivers and company location is determined. Findings & Value added: The output is a set of value drivers, which could be used by company managers to regulate the growth of EVA Equity, i.e. value for shareholders. The findings reveal that the difference between successful and unsuccessful companies is determined by the level of involvement of human capital; companies use a large number of substitutes for factors of production, whereby the involvement of borrowed capital is likely to cause a positive financial leverage effect.

scholarly journals ANALISIS PENYAJIAN LAPORAN KEUANGAN BERDASARKAN PENERAPAN STANDAR AKUNTANSI KEUANGAN ENTITAS TANPA AKUNTABILITAS PUBLIK PADA PT. FORTUNA INTI ALAM

2017 ◽  
Vol 12 (01) ◽  
Author(s):  
Pricilia R. E. Tangkau ◽  
Jullie J. Sondakh ◽  
I Gede Suwetja
Keyword(s):  
Value Added ◽  
Secondary Data ◽  
Value Added Tax ◽  
Literature Study ◽  
Article 9 ◽  
Qualitative Descriptive ◽  
The Difference ◽  
A Company ◽  
Descriptive Method ◽  
Output Tax

VAT is one part of the tax applicable in Indonesia. CV. Salber Marine & Mining as a company engaged in the trade of goods subject to VAT, as in general make a purchase with Input Tax which may be credited and not credited. The purpose of this study is to know whether  the application of VAT and VAT underpayment or over payment in accordance with Law of VAT  No. 42 Tahun 2009 article 9. This study used a qualitative descriptive method. The type of data used is the qualitative and quantitative data, while the source of the data used is secondary data. Methods of data collection is done with documentation and literature study. The Company will record, calculation payment and report the delivery of value added tax in the Notice Period of Value Added Tax (VAT Period SPT). Conclusion is that the application of VAT in the recording does not record all the activities of the company completely and appropriately but in the  calculation payment and reporting of CV. Salber Marine & Mining was almost in accordance with the VAT Act applied and through the application of VAT, namely the purchase and sale of taxable goods so that the sum of the difference by the number of Input Tax to Output Tax generate VAT Less / More Pay at the end of each month, it is in accordance with the Law of VAT No. 42 of 2009 article 9.Key Words: Value Added Tax (VAT), Input Tax, Output Tax.

scholarly journals The Effect of Selected Financial Indicators on Liquidity of Companies in Selected Sectors in the Czech Republic

2017 ◽  
Vol 65 (6) ◽  
pp. 2095-2104
Author(s):  
Markéta Šeligová
Keyword(s):  
Czech Republic ◽  
Service Sector ◽  
Negative Impact ◽  
Energy Sector ◽  
Financial Indicators ◽  
The Czech Republic ◽  
Return On Equity ◽  
Funding Sources ◽  
Fixed Assets ◽  
Equity Ratio

The aim of this paper is to determine the effect of selected financial indicators related to the structure of funding sources on liquidity of companies in selected sectors in the Czech Republic from 2000 to 2015. With the purpose to fulfill the aim, we examine existence and character of relationship between selected financial factors related to the structure of funding sources (debt equity ratio, return on equity, share of fixed assets to total assets, share of earnings before interest and taxes to total assets) and liquidity of the companies in sectors such as mining and quarrying, manufacturing, construction, service sector and energy sector. The existence of relationship between financial indicators related to the structure of funding sources and liquidity of companies is tested by correlation analysis and regression analysis. The results show that there is the negative impact of share of fixed assets to total assets on liquidity of companies in service sector in the Czech Republic. The liquidity of companies was positively influenced by the return on equity and negatively influenced by debt equity ratio in energy sector in the Czech Republic.

scholarly journals Efecto de la convergencia a normas internacionales de información financiera en empresas cotizantes de la bolsa de valores de Colombia

AD-minister ◽  
2019 ◽  
pp. 77-92
Author(s):  
Liliana Elizabeth Ruiz Acosta ◽  
David Andrés Camargo Mayorga ◽  
Octavio Cardona García
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Financial Indicators ◽  
Return On Equity ◽  
Operating Income ◽  
Financial Reporting Standards ◽  
Operating Profit ◽  
Two Samples ◽  
Before And After ◽  
The Difference

The purpose of this document is to analyze the effect of adopting the International Financial Reporting Standards (IFRS), which is a compulsorily requirement to be complied with as of 2015, for companies listed on the Colombian Stock Exchange (BVC by its acronym in Spanish). For the purposes of this study, two samples were used. The first one, with 52 Colombian companies whose financial indicators such as Return on Equity (ROE), Operating Profit Margin (OPM) and Return on Invested Capital (ROIC) were obtained from the accounting information, and where the mean difference was applied, (These companies corresponded to the year 2014 before and after the IFRS.) The second sample had 32 companies. Their level of leverage, ordinary income, operating income, and profit and loss for the year were analyzed to determine the effects of these variables on their market capitalization, using the difference in differences method, taking 2014 as the control year without IFRS and 2015 as the year of treatment with IFRS. The findings show, that in the 52 companies studied, adopting the standards did not signal changes in financial indicators before and after IFRS, as does the stock market value in the sample of 32 companies.

scholarly journals An analysis of the Return on Assets of HoReCa Companies in Constanta County in the Context of the Recovery Pursuits after the Shock Produced by the COVID-19 Pandemic

2021 ◽  
Vol 25 ◽  
pp. 289-303
Author(s):  
Kamer-Ainur Aivaz ◽  
Alexandru Căpățână
Keyword(s):  
Intrinsic Value ◽  
Economic Benefits ◽  
The Black Sea ◽  
Financial Indicators ◽  
Food Services ◽  
Return On Assets ◽  
Fixed Assets ◽  
Net Profit ◽  
The Many ◽  
A Company

From a microeconomic perspective, if we refer to a company as an economic agent, its organizational resilience/flexibility, in the unprecedented global economic context generated by COVID-19, is in the limelight, given that a resilient company would design and implement effective actions in order to increase the probability of its own survival. Assuming that a company's assets are those means by which a company can secure an income for a period of several years, since they are economic resources that can generate economic benefits in the future for the company that owns them, we have considered it appropriate to analyse the return on assets at the level of the companies in the HORECA sector. The comprehensive research undertaken is an empirical study in which we have analysed all the companies in the HORECA sector on the territory of Constanta County, located in the coastal area of the Black Sea, for a period of 3 years, 2018-2020, a period which includes the year of the onset of the SARS-COVID-19 pandemic. The selected economic and financial indicators have been fixed assets, current assets, prepaid expenses and net profit, with the help of which we have calculated and analysed the return on total assets. Of the many subgroups of the HORECA sector, the "Other Food Services" subgroup, which had the highest return on assets (ROA), proved to be the most flexible and creative subgroup. Catering specialists, exploiting the context generated by the closing of hotels and restaurants, have modified their business so as to amplify the intrinsic value of their products and to become a psychological and social connection for their consumers.

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