The Efficiency of the Financial-Economic Activity of Ukrainian Enterprises

Abstract

The article analyzes the approaches to the definition of «efficiency». It has been noted that it is associated with the effect, considered as the ratio of results and costs or equated with the concept of «effectiveness». The approaches to formation of the system of indicators of efficiency of the financial and economic activity of enterprises have been characterized. The methods of factor analysis of profitability indicators (three- and five-factor DuPont models) have been considered, which helps to identify the reserves of profitability growth and is the basis for making decisions on improving the efficiency of the financial and economic activity of enterprise. An analysis of efficiency of the financial-economic activity of enterprises of Ukraine was carried out, determining profitability of sales, assets and own capital. It has been indicated that enterprises of Ukraine are characterized by increase of efficiency of financial-economic activity during 2014-2016.

Keywords

• financial-economic activity of enterprise
• efficiency
• profitability
• factor analysis