The paper deals with the analysis of selected profitability indicators of Czech agricultural businesses of legal entities and their subcomponents, based on DuPont analysis. The effect of asset turnover ratio, net profit margin ratio and equity multiplier on the value of return on equity (ROE) and return on assets (ROA) is studied in relation to the legal form and size group. The analysis of the effect of sub-indicators is performed by way of a correlation analysis. Furthermore, the assumption about the influence of sub-components indicators on synthetic profitability ratios is verified. The panel data set we used was obtained from the Amadeus database. The analytical section is based upon accounting statements of agricultural businesses of legal entities in the Czech Republic within the period of 2011-2015. The analysis is based on the calculated values of ROA and ROE, including partial values of the sub-components indicator, by using DuPont analysis. The differences between the groups of businesses are tested through correlation analysis and subsequently evaluated with respect to the specifics of each group. The object of examination was more than 3000 companies annually, on average. The evaluated companies were divided, in terms of legal form, into joint-stock companies, cooperatives and limited liability companies, and in terms of size structure into small, medium and large businesses.
Agricultural holdings select goals in various areas when setting their strategic objectives. Economic objectives tend to be viewed as strategic because of the requirement to maximise economic profit for the owners. Since there is significant interaction between agricultural holdings and the environment, it is also important to monitor the environmental aspects of farming. The article seeks to draw on unique multicriteria assessment to compare the compatibility of economic and environmental objectives at 1 189 agricultural holdings in the Czech Republic, broken down by farming specialisation and economic size on the basis of figures from the Farm Accountancy Data Network (FADN). A trade-off between environmental sustainability and economic performance occurs primarily among farming specialisation categories, where we found two extremes – intensive field cropping with high economic performance and low environmental sustainability, and, at the other end of the scale, extensive cattle farming with lower economic performance and high environmental sustainability. Within the farming specialisation categories, however, there was no significant correlation, with the exception of milk production, where the use of soil organic matter, a higher proportion of soil improving crops (for fodder) and greening made a positive contribution to the higher economic performance of farms.
The paper deals with an economic assessment of impacts of precision agriculture (PA) on crop production economy. Based on a questionnaire survey and a FADN agricultural product expense-to-revenue ratio survey, it analyses a set of agricultural businesses the structure of which essentially copies the composition of business forms in the Czech Republic's agricultural sector. The economic assessment applies economic analysis methods based on cost calculations and a calculation formula that considers the commodity and species production structure. Based on an analysis of a number of scientific studies, it determines specific cost savings and makes a quantification of the effect of precision agriculture techniques on costs. In all the production areas, the greatest effect caused by application of precision agriculture techniques was quantified for winter wheat. Conversely, the lowest financial effects are shown in the analysed production areas for spring wheat. We also identified differences in the cost savings between spring and winter barley; the greater savings occur for winter barley. Financial effects in the form of reduced production costs were also found for other analysed crops cultivated by the businesses studied. The financial savings for the pea plant are almost comparable to those for winter barley. The greatest financial savings were achieved for sugar beet.
AULOVÁ RENATA, RUMÁNKOVÁ LENKA, ULMAN MILOŠ: Determinants of the result of economic activity of agricultural businesses of legal entities in the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, LXI, No. 4, pp. 849-859 Address
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.