Uman NUH | today: 05/18/2019

Aspects of increasing the efficiency of the use of current assets in agricultural enterprises

Author(s) Kolotukha S.M., Candidate of Economics, , Uman National University of Horticulture, Ukraine
Gvozdey N.I., Candidate of Economics Sciences, , Uman National University of Horticulture, Ukraine
Category Economics
year 2019 issue Випуск 94 Частина 2
pages 176-189 index UDK 631.11:658.153
DOI 10.31395/2415-8240-2019-94-2-176-189 (Link)
Abstract The article is devoted to the issues of improving the efficiency of use of current assets in agricultural enterprises. The study of the economic substance of current assets allowed to make proposals for improving their composition. Comparison of the actual availability of material circulating assets with their availability according to the plan makes it possible to determine the level of provision of enterprises with current assets, and changes in the structure qualitatively characterize the volume of current assets formed in market conditions. The study of the formation of current assets showed that at the present stage of economic development, most enterprises operate in the absence of working capital. The need to attract a short-term loan is related to the seasonality of production. In market conditions, attracting loans is caused not only by a significant deterioration in financial condition, but also by the need to diversify production and financial activities of enterprises. It is proposed to systematize the indicators of efficiency of use of current assets by supplementing the indicators of turnover for current assets in material form with indicators of material intensity, material performance, and the rhythm of investing in material circulating resources. For current assets in monetary form - indicators of liquidity and evaluation of the effectiveness of investing assets in a commodity loan. It has been proposed to determine the duration of one turnover for spheres of production in circulation, at certain stages of advancing assets, in the context of classification groups, of certain types of inventories. Analysis of the efficiency of use of current assets of agricultural enterprises showed a decrease in its level over the past five years. Improving the formation of current assets of agricultural enterprises in market conditions is associated with their effective management through the sources of their formation, based on the valuation of current assets, which makes it possible to determine the optimal investment in assets for each element of working capital, the need for own working capital, it is planned to attract loans, monitors the efficient use of current assets. Studied various methods of determining standards of inventory, selected the most optimal for agricultural enterprises. Specified methods for determining the standards of individual types of inventory, taking into account the processes of inflation. Set out ways to improve the efficiency of working capital by determining their optimal size for the production process, reducing their investments in the sphere of circulation, ensuring uniform attraction of funds into the circuit and their release, monitoring the rational use of tangible current assets, increasing profits.
Key words current assets, circulating assets turnover, efficiency of use of working assets.
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