The Comparative Analysis of the Companies From the TSL Sector Operating in Poland and Slovakia

Abstract

The article presents a comparative analysis of the companies operating in Transport-Shipping-Logistics sector in Poland and Slovakia. The statistical analyses included examination of logistic companies taking into consideration the size of the company, the type of business and its character. In particular, there had been presented a characteristic of the structure of logistic companies in Poland and Slovakia in terms of the region of the business, the business branch, its legal form and the size of the company. With the use of statistical methods, on the basis of the selected financial rates the comparison of financial condition of the companies operating in the TSL sector in Poland and Slovakia in the period of 2009-2012 had been made. For the companies operating in Slovakia, thanks to applying the taxonomic methods, comparative examinations had been made in order to isolate the accumulation of the companies similar to each other in terms of the selected rates describing their economic and financial condition. The rates characterizing the financial condition of the companies included the following groups of rates: liquidity (describing the liquidity of the companies), debt (the companies proclivity for repaying their liabilities), profitability (describing the companies proclivity for generating profits), the ability to act (describing the ability and efficiency of managing the company) and other rates describing the capital structure of companies and the effect of the financial leverage. On the basis of the selected rates and applying the methods of multidimensional comparative statistics (the ranking methodlinear ordering) with the use of generalized measure of distance GDM the examination of the ranking of the TSL sector companies operating in Slovakia in 2011 had been made. The analysis of the determined rankings allowed to distinguish the best companies in terms of their financial condition and the potential companies at risk of bankruptcy. The ranking results, as far as Slovak companies are concerned, had been referred to clusters of companies with similar financial conditions designed using taxonomic methods. The comparison of rankings within the clusters had been examined according to the size of the surveyed companies. The achieved results had been shown in the form of practical conclusions.

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