ANALYSIS OF THE PROFITABILITY OF AGRICULTURAL ENTERPRISES OF UKRAINE AS A FACTOR OF BUILDING ECONOMIC POTENTIAL DURING MARTIAL LAW
Abstract
The article is devoted to the analysis of the level of profitability and the dynamics of financial results of agricultural enterprises of Ukraine, which were significantly affected by military and political events and restrictions on activities due to the coronavirus pandemic. The analysis of the financial results of agricultural enterprises provides additional confirmation of transformational changes in the economy, and also makes it possible to determine trends in the development of enterprises, which are the subject of interest of a wide range of interested parties (the state, owners, auditors, analysts). The positive financial result is not only a source of revenue, but also an appropriate resource to increase the capacity of enterprises, their growth and increase their economic potential. The purpose of the study is to analyze the composition, dynamics and structure of financial results and the level of profitability of agricultural enterprises of Ukraine as a factor of increasing economic potential during martial law. The article uses the methods of retrospective analysis of the dynamics and structure of performance indicators and the method of comparison of influencing factors on the financial results of agricultural enterprises. The article analyzes the financial results of agricultural enterprises of Ukraine for 2010-2021, and identifies the dynamics and trends of changes. It was determined that in the period 2010-2021 there are general positive trends in the indicators of net income from sales and net profit of agricultural enterprises of Ukraine, despite the destructive impact of the military and political events that began in Ukraine in 2014. Large agricultural enterprises demonstrate a high level of resistance to changes in the external environment and, even in the most difficult years, show a positive level of operational profitability. This is due, first of all, to the fact that large enterprises have more opportunities to resist negative factors (restrictions due to the coronavirus pandemic, martial law, loss of market share, changes in currency rates, restrictions on turnover, changes in market conditions, etc.) at the expense of own capacities and political support provided to large enterprises in Ukraine.
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