A Comprehensive Analysis of Efficiency of the Enterprise’s Assets Management

• Main Authors: Kremen Olha I., Mosiichuk Roman L., Kremen Viktoriia M.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-08-01
• Series: Bìznes Inform
• Subjects: assets; management of the enterprise’s assets; analysis of the efficiency of the enterprise’s assets management; integral indicator of the efficiency of assets management
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2019-8_0-pages-202_210.pdf
• ISSN: 2222-4459; 2311-116X

The article is aimed at a comprehensively evaluating the efficiency of the enterprise’s assets management using the instrumentarium of integral indicator and Harrington’s desirability function. Modern theoretic approaches to defining the essence of the enterprise’s assets are analyzed and a classification of assets by the following criteria is provided: forms of operation; nature of participation in the economic process; kind of activities; nature of ownership; grade of asset liquidity; risk and price of raising assets. The process of evaluating the efficiency of assets management in terms of enterprise is structured and carried out in six stages: analysis of the assets management; defining the efficiency of assets management; analysis of the results of calculation of the assets management performance indicators; analysis of the factors that influenced the outcome of analysis of the assets management performance; formation of recommendations as to improving the analysis and enhancing the efficiency of the enterprise’s assets management; control over implementation of the recommendations. The calculation of integral indicators for both the current and the non-current assets, as well as their assessment according to the standard Harrington’s scale in the case of one of the food processing enterprises, characterizes the efficiency of assets management at the lower boundary of the range «well». Prospect for future research in this direction is to improve scientific-methodical approaches to making financial and economic decisions on assets management, depending on the received quantitative assessments of the management efficiency.