ANALYTICAL EVALUATION OF OPERATING EFFICIENCY OF THE LIGHT INDUSTRY ENTERPRISES IN UKRAINE
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 2, Issue 64
Abstract
The article analyses the state of the light industry of Ukraine by statistical information. It establishes the fact that during 2010–2016 in Ukraine, there was a steady tendency to reduce the number of enterprises in this sector. It underlines that in 2016, despite an insignificant increase in the volume and proportion of capital investment in the light industry, the investment attractiveness of the sector remains insignificant. In the structure of assets of enterprises in this sector, the most significant share belongs to current assets, and in the construction of liabilities, it pertains to current liabilities and collateral. During 2010–2016, the share of profitable light industry enterprises in Ukraine exceeded the percentage of unprofitable enterprises in this sector. However, in 2010 and 2014, the total net profit was less than the total damage to light industry enterprises in Ukraine. In general, in Ukraine, enterprises of light industry during 2010–2016 gained an advantage from operating activities. However, from all operations of the enterprise in this area incurred losses in 2010 and 2014. The highest level of loss-making from all events was observed in 2014. In the same year, the level of operating efficiency of enterprises in this industry was the smallest in the whole analysed period and amounted to 2.2%. It is due to political instability and sharp depreciation of the national currency, as a result of which the growth rate of enterprises exceeded the growth rate of their income. The highest level of profitability, both from the operational and from the entire activity of light industry enterprises of Ukraine, was observed in 2016 and amounted respectively to 8.3% and 5.5%. Consequently, the efficiency of light industry enterprises in Ukraine is quite low now. The work determines the underlying causes of the problematic situation of enterprises of the investigated branch. It also considers peculiarities of the operation of enterprises according to tolling schemes. The necessity of forming own raw material base is substantiated. The work offers the ways to increase the efficiency of activity of domestic enterprises of light industry.
Authors and Affiliations
N. M. Oliinyk, S. M. Makarenko, А. О. Nichyporuk
Keywords
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