Assessment of the financial standing of baby food manufacturing enterprise

Abstract

This article presents an assessment of the financial standing of a baby food manufacturing enterprise. In this research an assessment was given to the parameters like: dynamics of composition and structure of profit before tax; dynamics of structure of sales revenues; dynamics of composition and structure of profit from sales; changes in factors that influence the net income; calculation of the influence of factors on net profit; dynamics of parameters of return on production and economic activity. As a result of the assessment the following was revealed: for 2019 the considered enterprise has a decrease in efficiency of economic activity, which was caused by decrease in efficiency of using the fixed production assets, labor resources and current assets. Management should define and use the internal reserves to improve the financial competitiveness of the enterprise. At the same time, it is recommended to pay attention to reserves that require minimum cash costs due to limited availability of cash funds.