scholarly journals EVALUATION OF FINANCIAL INDICATORS OF COMPETITIVENESS OF AGRICULTURAL ENTERPRISES OF UKRAINE

2020 ◽  
pp. 176-180
Author(s):  
В. И. Глухова ◽  
◽  
К. В. Кравченко ◽  
Keyword(s):  
Financial Indicators ◽  
Agricultural Enterprises

scholarly journals Financial health of agricultural enterprises in the organic farming sector

2011 ◽  
Vol 59 (7) ◽  
pp. 91-96 ◽  
Author(s):  
Ivana Brožová
Keyword(s):  
Organic Farming ◽  
Financial Indicators ◽  
Financial Health ◽  
Organic Farms ◽  
Conventional Agriculture ◽  
Agricultural Enterprises ◽  
Average Value ◽  
Organic Farm ◽  
The Individual ◽  
Legal Entities

The present research was aimed at evaluating the economic performance of organic farm enterprises (legal entities) in the Czech Republic on the basis of their production base and financial health. The evaluation was carried out by means of specific financial indicators. The results recorded in the organic farming sector were confronted with those of the conventional agriculture. It stemmed from the analysis that conventionally farming legal entities, as opposed to the organically farming ones, tend to have higher average assets per hectare of farmland. Secondly, as for the structure of assets, fixed assets prevail substantially over current assets. Organic farms, on the contrary, have a significantly higher average value of external financial resources per hectare of farmland. In order to evaluate the financial health of organic farms, their economic results were used; firstly in absolute value (including per hectare calculation) and then within the individual ratios. The analysis showed that 84.4 % farms of the sample were profitable as long as subsidies were included in the yields. While excluding subsidies from the calculations, an overwhelming majority of enterprises (95.3 %) recorded a loss. Comparing the per hectare economic results, higher average profit rates were recorded for organic farms. Furthermore, financial health of the enterprises was analyzed by means of selected indicator ratios. Concrete results, including the respective commentaries, can be found in the present paper too.

scholarly journals Development of selected financial indicators for agricultural enterprises in the Slovak Republic

2012 ◽  
Vol 50 (No. 3) ◽  
pp. 120-124
Author(s):  
Z. Chrastinová
Keyword(s):  
Economic Reform ◽  
Slovak Republic ◽  
Early Years ◽  
Agricultural Products ◽  
Financial Indicators ◽  
Agricultural Enterprises ◽  
Entire Process ◽  
Financial Position ◽  
Fixed Assets ◽  
Restructuring Process

Except of 2001 and 2002, the agriculture has produced losses of SKK 38.8 billion over the entire process of transformation. The losses in agriculture were caused by major disparities between the price of supplies to agriculture and prices of agricultural products, plus the restrictive subsidy and loan policy adopted in the early years of the economic reform. The economic situation has improved over the last two years. This was caused by the increase in subsidies, as well as by the continuing restructuring process (sales and liquidation of dubious assets, optimised production), reduction in numbers of loss-making enterprises, by growth and increase in efficiency of production and due to a substantial increase in earnings of many partnerships. However, even despite the positive trends current financial position of most agricultural enterprises does not meet the requirements for development in agriculture, with the rate of TFA (tangible fixed assets) depreciation achieving 50% (of that, depreciation of machinery stands at 70%). The earnings are moderate even in profit making enterprises, with 75% of those enterprises making only up to SKK 1.5 million in earnings. 

scholarly journals Ensuring the financial safety of Ukrainian agricultural enterprises in the context of export products and the impact on macroeconomic indicators

VUZF Review ◽  
2021 ◽  
Vol 6 (3) ◽  
pp. 186-195
Author(s):  
Maksym Bezpartochnyi ◽  
Igor Britchenko ◽  
Olesia Bezpartochna
Keyword(s):  
Foreign Exchange ◽  
Economic Activity ◽  
Agricultural Products ◽  
Financial Indicators ◽  
Internal Environment ◽  
Agricultural Enterprises ◽  
Eu Countries ◽  
Macroeconomic Indicators ◽  
The Impact ◽  
The Eu

This article is devoted to the study of directions of financial safety of Ukrainian agricultural enterprises through the assessment of indicators economic activity and analysis of the export potential of agricultural products. The financial indicators of economic activity of Ukrainian agricultural enterprises, which affect the ensuring of financial safety, are determined. The activity of large Ukrainian agricultural enterprises in terms of their capitalization and formation of own capital are studied. Analyzed the commodity structure of exports agricultural products of Ukrainian agricultural enterprises and determined the amount of foreign exchange earnings from EU countries. Due to economic-statistical and mathematical tools, a study of the dependence of GDP and the euro on foreign exchange earnings from exports of agricultural products of Ukrainian agricultural enterprises to the EU countries. Offered the scheme of directions of maintenance of financial safety of the agricultural enterprises of Ukraine in the context of internal environment of activity of economic entities and stabilization of macroeconomic indicators of the country.

scholarly journals The analysis of financial situation of agricultural enterprises in productive and marginal conditions with the use of non-financial indicators

2012 ◽  
Vol 48 (No. 9) ◽  
pp. 417-424
Author(s):  
J. Jánský ◽  
P. Novák
Keyword(s):  
Financial Indicators ◽  
Financial Situation ◽  
Agricultural Enterprises

The paper is focused on the evaluation of the development of financial situation of agricultural co-operatives in the CzechRepublic in 1997–2000 operating in both productive and marginal regions. The comparison of financial situation in these two groups of agricultural firms comes from the classification of firms according to productive regions. Presented results cover firms from the sample of agricultural firms observed in the RIAE Praha. Development tendencies of agricultural co-operatives in these two regions are analysed by means of chosen debt, liquidity, activity and profitability indicators. Non-financial indicators enlarging the above mentioned characteristics of firms’ financial situation are suggested and analysed in the last part of this paper.

scholarly journals Evaluating the Financial Health of Agricultural Enterprises in the Conditions of the Slovak Republic Using Bankruptcy Models

Agriculture ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 242
Author(s):  
Roman Vavrek ◽  
Ivana Kravčáková Kravčáková Vozárová ◽  
Rastislav Kotulič
Keyword(s):  
Slovak Republic ◽  
Agricultural Cooperatives ◽  
Financial Indicators ◽  
Financial Health ◽  
Legal Form ◽  
Agricultural Enterprises ◽  
Proper Diagnosis ◽  
Levene Test ◽  
A Company ◽  
Territorial Division

Under the influence of the change in the overall economic environment, the problem of measuring the performance of a company and its financial health is also changing. At present, every agricultural company is exposed to a number of internal as well as external risks, the failure of which can lead to potential bankruptcy. It is a known fact that the risks in agriculture are significantly greater than those in other sectors of the national economy. Proper diagnosis of critical aspects and measuring the development of individual financial indicators of agricultural holdings are basic prerequisites for eliminating these risks and maintaining, as well as increasing, their competitiveness. Among the key tools for measuring the financial situation of a company are bankruptcy models, three of which have been used (Altman model, Taffler model, and Bonity index). The aim of this study was to identify the comprehensive financial health of 469 agricultural enterprises in the Slovak Republic using the three above-mentioned bankruptcy models in 2016. The obtained results were verified using the Kruskal–Wallis test, Levene test, or Moran index. Altman's model indicated potential future problems of businesses and agricultural cooperatives. Using the Bonity index, the neutral situation was assessed (the financial health could be regarded as neither insufficient nor optimal). Taffler model offered contradicted results and does not expect the occurrence of problems soon. In the study, we also verified the assumption of the dependence of financial health of companies on the legal form and territorial division, which was confirmed to be insignificant.

Forecasting the Financial Results of an Agricultural Organization, Taking into Account State Financial Support

2021 ◽  
pp. 63-71
Author(s):  
V. Timofeev ◽  
Natalya Timofeeva
Keyword(s):  
Agricultural Production ◽  
Financial Support ◽  
Financial Indicators ◽  
State Support ◽  
Financial Strategy ◽  
Agricultural Enterprises ◽  
Effective Use ◽  
The Impact ◽  
Agricultural Organization

Currently, the relevance of the effective use of state support for agricultural enterprises is considered both from the position of increasing the volume of agricultural production, and the impact of this support on the financial results of the company. The paper analyzes the production indicators of an agricultural organization, the dynamics of financial support for agricultural production, suggests approaches to forecasting financial indicators and developing a financial strategy for the enterprise.

scholarly journals Improving the efficiency of corporate management of agricultural enterprises

2021 ◽  
Vol 262 ◽  
pp. 03001
Author(s):  
Sergey Yekimov ◽  
Vladimir Purtov ◽  
Ievgen Buriak ◽  
Dmytro Kabachenko ◽  
Anastasiia Poltorak
Keyword(s):  
Financial Stability ◽  
Financial Analysis ◽  
Management Accounting ◽  
Analysis Data ◽  
External Factors ◽  
Corporate Management ◽  
Financial Indicators ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Strategic Goals

Financial indicators play an important role in the management of an agricultural enterprise. the tasks of the management of the agricultural enterprise are to control the efficiency of employees and maintain the financial stability of the enterprise. In this paper, the problem of ensuring effective management of an agricultural enterprise was investigated. The activity of an agricultural enterprise depends on the influence of external factors: political and legal, technical and economic, ecological and economic, demographic, socio-cultural. We studied the question of how to take into account the influence of variable external factors in the management of an agricultural enterprise. Traditional methods based on financial analysis data, in our opinion, do not fully reflect the situation in the agricultural enterprise. International management accounting standards are optional, but they allow for the use of more flexible indicators in management accounting that take into account the activities of a particular agricultural enterprise. This will facilitate short - and medium-term planning at the agricultural enterprise and facilitate the achievement of the enterprise’s tactical and strategic goals.

scholarly journals Possibilities of financial health indicators used for prediction of future development of agricultural enterprises

2009 ◽  
Vol 55 (No. 3) ◽  
pp. 111-125 ◽  
Author(s):  
D. Kopta
Keyword(s):  
Future Development ◽  
Extreme Values ◽  
Health Indicators ◽  
Debt Ratio ◽  
Financial Indicators ◽  
Financial Health ◽  
Agricultural Enterprises ◽  
Future Value ◽  
Index Value

The paper presents the possibilities how financial health indicators can be used both for the prediction of future value of agricultural holdings and for the prediction of the potential risk and dangers. The limited predicative ability of all indicators as compared to th recommended values is revealed in the first part of the paper. The second part of the article proves the hypothesis of the efficiency of indices in the inter-enterprise and time comparison. According to this hypothesis, holdings with a higher index value should be more successful in the following years. This part of investigation has shown the conditional efficiency of the Gurčík index and the IN99 index for the prediction of the increase in the value of a company. The relation between the calculated value of an index and the value of its future profit/loss has been proved for those indices. The possibilities how to predict a bankruptcy are limited. Agricultural holdings are threatened both with a long-term negative profitability and with a sudden fluctuation in the profit/loss from operations together with a high debt ratio. Each type of danger largely applies to a different kind of holding and each type of danger is indicated by a different kind of index. The possible problems with the long-term negative profitability have been indicated reliably by the OP index of financial health and by the Gurčík index. Problems with solvency have been partially predicted by the IN95 index and the Chrastinová index (these results were not statistically significant). The final part of the paper is aimed at the analysis of the advantages and disadvantaged of individual indices. A number of financial indicators for agricultural holdings correlate with the future development of a holding but the relation is non-linear (e.g. debt ratio indicators) or outweighed by another factor (e.g. activity indicators, where the development corresponds rather to the production specialization). Another reason for unsatisfactory results of the prediction are the frequent extreme values of the non-standardized indicators. The predicative ability of individual indicators is also reduced by the unsuitable setting of weights for indicators.

scholarly journals SOFTWARE COMPLEX "FORECASTING PRODUCTION AND ECONOMIC INDICATORS OF AGRICULTURAL PRODUCTION"

2021 ◽  
pp. 115-123
Author(s):  
Маргарита Николаевна Барсукова ◽  
Жанна Игоревна Вараница-Городовская ◽  
Ярослав Михайлович Иваньо ◽  
Алексей Александрович Ромме
Keyword(s):  
Agricultural Production ◽  
Software Package ◽  
Economic Indicators ◽  
Lead Times ◽  
Industrial Complex ◽  
Financial Indicators ◽  
Labor Costs ◽  
Software Complex ◽  
Agricultural Enterprises

Прогнозирование производственно-экономических показателей аграрного производства актуально для составления перспективных планов и программ по развитию агропромышленного комплекса на различных уровнях: регион, муниципальное образование, сельскохозяйственный товаропроизводитель. В статье описан разработанный авторами программный комплекс, позволяющий прогнозировать урожайность сельскохозяйственных культур, затраты труда на получение продукции, объемы производства, финансовые показатели на среднесрочную и долгосрочную перспективы. Для прогностических целей использованы функции роста с насыщением: асимптотическая и логистическая. Программный комплекс апробирован на данных муниципальных районов и сельскохозяйственных предприятий региона. С его помощью определяются значимые модели, позволяющие составлять прогнозы с различной заблаговременностью, а также оценивать прогностические значения с учетом различных условий деятельности сельскохозяйственных предприятий. Forecasting production and economic indicators of agricultural production is relevant for drawing up long-term plans and programs for the development of the agro-industrial complex at various levels: a region, a municipality, an agricultural producer. This paper describes the created software package that allows predicting the yield of agricultural crops, labor costs for obtaining products, production volumes, financial indicators for the medium and long term. For prognostic purposes, the functions of growth with saturation were used: asymptotic and logistic. The software package has been tested on data from municipal districts and agricultural enterprises of the region. With its help, significant models are determined that make it possible to make forecasts with different lead times, as well as to evaluate prognostic values, taking into account different conditions of agricultural enterprises.

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