scholarly journals Statistical and Financial Analysis of Georgian Railway`s Main Performance Indicators in 2006-2019

2019 ◽  
Vol 12 (10) ◽  
pp. 64
Author(s):  
Davit Gondauri ◽  
Manana Moistsrapishvili

Due to the geopolitical location, Georgia can become the center for Caucasus transport-logistics; partly it still performs this function. The purpose of this research paper is to study and analyze the financial-economic and statistical position of the main indicators of the Georgian Railway Holding. Based on all the above mentioned, we have set out the tasks of the research: Statistic analysis of the value added created by the Railway Industry in the Georgian economy years 2006-2019, Determination of correlation between the general indicators of JSC "Georgian Railway" and factors operating on it, Comparative analysis of the financial indicators of the Georgian railway in the post soviet space. Data was taken from the Georgian Railway Information Technology Agency. We observed the sensitivity of cargo movement in the region. The correlation between the general indicators of JSC "Georgian Railway" and its operating factors are also reflected in the study. Despite the small portion of the railway in the country's GDP, its role in the socio-economic development of the country is great. The average annual geometric growth of the EBITDA of regionals railways is decreasing. This reduction is caused by general economic shocks in region and slowing of economic growth. However, it is worth mentioning that the results of Georgian Railway compared with the other countries are only 4% reduction. This means that the reduction of shipping of oil and dry cargo by the Georgian Railways in recent times is caused by external factors.

1970 ◽  
Vol 2 (1) ◽  
pp. 39-47
Author(s):  
Anna Kartika Ngamel

The purpose of this study was to calculate the financial analysis of seaweed cultivation operation and count the number of value-added processing karaginan flour mill in the District of Southeast Maluku Regency Kei Kecil. The method used in this study is descriptive with qualitative and quantitative approaches. Determination of the location of the study was conducted purposively with its population was seaweed farmers from ten villages in Kei Kecil as the villages of seaweed production centers. The method of analysis used is the operation analysis of financial and added value analysis method Hayami. The results showed that the cultivation of seaweed and flour mills karaginan feasible to develop. The ratio of added value of 9.05% and in 1997 Hubeis magnitude of the ratio of value added is calculated in accordance with the criteria of low added value ratio <15%.Keywords: Financial Analysis, Added-value, Seaweed, Flour Caragenan


2021 ◽  
Vol 9 (2) ◽  
pp. 72-83
Author(s):  
Mihai Melintei

The last decade of the twentieth century was marked by a geopolitical event with long-lasting effects - the collapse of the Union of Soviet Socialist Republics. One of the „poles” of the bipolar system of international relations has completely disappeared, and its fragments have begun to move in different directions - the independent states of the post-Soviet space have begun to form. Thus, the adaptation of the independent states from the post-Soviet space to the new geopolitical realities and the determination of their own political and external development vector began. At the same time, nationalist forces intensified and political tensions increased, leading to regional conflicts, especially in the vast Black Sea basin.


2020 ◽  
Vol 12 (4) ◽  
pp. 49-69
Author(s):  
Fernando Acabado Romana

AbstractObjective: Understand how the increased competitiveness encourages industries to seek solutions in order to maintain or increase their market share, promoting the manufacturing of quality products at reduced costs.Methodology: In this study, an in-company analysis regarding the Lean performance evaluation methods present in the literature as well as already implemented in the industry was performed, focusing on the gaps of present models and needs for future.Findings: New philosophies arise such as the Lean Manufacturing, which is based on continuous improvement, aiming at optimizing the production system, eliminating waste and using fewer resources.Value Added: Based on the results, and with the objective of allowing comprehensive assessment of Lean performance independently by the companies, and the determination of improvement actions, a Lean performance evaluation method was developed in order to understand the impact in financial and economic figures of the case study.Recommendations: Take into account the main concepts of the social sciences, such as Organizational Culture, Leadership Style and Strategic Approach, considering the link with the financial economic performance.


2021 ◽  
Vol 92 ◽  
pp. 07047
Author(s):  
Jan Peta ◽  
Maria Reznakova

Research background: Mergers and acquisitions (M&As) have become a widespread tool for business growth strategy. Considering the developments after the previous financial crisis, a fresh wave of M&As is expected to appear in the near future. Investors will look for suitable businesses to consolidate their market position. Purpose of the article: The aim of this work is to assess the performance of completed mergers over a period of five years and compare the results with previous research in which we examined the success of mergers over a three-year period. Our goal was to find out if any differences in performance indicators occur and if these differences are significant. The results may offer potential indicators of merger success rate prediction. Methods: We focused our research on mergers of private companies (i.e. not publicly traded companies) in the Czech Republic. Our research sample contained 50 completed mergers. The mergers were divided into two groups – successful and unsuccessful – according to the sales and profit of the merged company. We calculated financial indicators for each group based on accounting data. We then used the Mann-Whitney U test to test the significance of the differences between the indicator values. Findings & value added: Several important performance indicators emerged. The most significant included production consumption to sales, the material cost to sales, receivables to sales, assets turnover and profitability ratios. The ratio labour cost to sales was replaced with the ratio value added to labour cost. Our research concludes that these indicators can be considered crucial.


Author(s):  
Inta Kotane

The total number of small and medium-sized enterprises signifies an essential share of the national economy; SMEs’ importance is evaluated by the value added and the new jobs created. Despite the growing research interest in the small and medium business performance measurement, there is no consistent opinion among researchers regarding small and medium business performance indicators, their measurement, and methods of assessment. The research study is based on an analysis of literature and scientific publications, the assessment of the financial indicators used by the Latvian institutions for the company’s financial analysis, and an expert survey. The general scientific research methods are used in the research study: information analysis and synthesis, logical construction, monographic, an expert survey, data grouping, and the graphical method. The aim of the research – to carry out an analysis of the performance evaluation practice for small and medium-sized enterprises in Latvia. A study of the small and medium sized business performance measurement and management is carried out and the analysis of the financial indicators used for the performance measurement of small and medium-sized enterprises is performed in the result.


2010 ◽  
pp. 94-107 ◽  
Author(s):  
E. Vinokurov ◽  
A. Libman

The paper applies a new dataset of the System of Indicators of Eurasian Integration to evaluate the changes of level and direction of economic interaction of the post-Soviet states in the last decade. It analyzes the integration dynamics in the area of trade and migration as well as on three functional markets of agricultural goods, electricity and educational services. The paper concludes that the level of trade integration on the post-Soviet space continues declining, while there is a rapid increase of the labor market integration. Three largest countries of the Eurasian Economic Community - Russia, Belarus and Kazakhstan - demonstrate positive integration dynamics, but small countries maintain the leading position in the area of post-Soviet integration.


Author(s):  
Alexandr S. Levchenkov ◽  

The article analyzes the influence of the concepts of the Intermarium and the Baltic-Black Sea Arc on the formation of Ukraine’s foreign policy in 1990 – early 2000. The use of these concepts in American, European and Ukrainian geopolitical thought, which historically included the idea of opposing Russian influence in the region, contributed to the increase in tension and was aimed at further disintegration of the Western flank of the post-Soviet space. The article proves that the design of the Euro-Atlantic vector of Ukraine’s foreign policy was already active under the first two Ukrainian presidents – Leonid Kravchuk (1991–1994) and Leonid Kuchma (1994–2005). One of the concrete attempts to implement the idea of forming a common political, economic, transport and logistics space of the Black Sea-Caspian region with a promising expansion of the cooperation zone to the whole of Eastern Europe and the Eastern Baltic during the presidency of Leonid Kuchma was the foundation and launch of a new regional organization, Organization for Democracy and Economic Development, better known as GUAM (composed by the initial letters of names of member states – Georgia, Ukraine, Azerbaijan, Moldova; when Uzbekistan was also a member of Organization for Democracy and Economic Development, the name of the organization was GUUAM), which is an alternative to Eurasian projects with the participation of Russia.


2018 ◽  
Vol 9 (17) ◽  
Author(s):  
Erika Onuferová ◽  
Veronika Čabinová

The aim of presented paper was to create and subsequently apply the Modified 3D Creditworthy Model (MCWM) of performance reflecting sectoral characteristics and financial specificities of the selected sample of Slovak tour operators over the years 2013 – 2017. The intention of this research study was to implement the key financial indicators and appropriate prediction models into both dimensions of the traditional 2D Creditworthy Model of performance and to supplement its third dimension applying the selected modern assessment methods – the Economic Value Added and the Return On Net Assets as we consider them to be one of the most important indicators of future success and company's financial growth. This modification will help to better identify the current financial position of tour operators and more accurately identify causes that hinder the development of financial performance of the selected sample of enterprises. However, after adjusting the upper and lower quartile averages of a particular industry, this methodology is applicable in the wider context of enterprises, not only those operating in the tourism sector.


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