FINANCIAL STATE COMPARATIVE DIAGNOSTICS OF THE CONFECTIONERY INDUSTRY ENTERPRISES

Анотація

The essence of the enterprise financial state diagnostics is investigated in the article. It is disclosed as an analysis and evaluation of certain indicators of an entity's activity based on the examination of reports in order to determine the current, future financial position, taking into account the complex consequences of management decisions. Diagnostics allows you to obtain reliable and complete information. The purpose of comparative diagnostics of enterprises is: detailing of the previously made diagnosis, research of violations and tendencies of their development, creation of a basis for making managerial decisions, formation of bases for adjusting the development’s strategy of the organization. The main indicators of financial condition of PrJSC “Kharkiv Biscuit Factory” and PJSC Lviv Confectionery Factory “Svitoch” for the period 2013-2018 years have been analyzed and identified. Some problems have been identified in the confectionery enterprises. Yes, the main assets of PrJSC “Kharkiv Biscuit Factory” are significantly worn out. PJSC Lviv Confectionery Factory “Svitoch” has low values of the absolute liquidity ratio, the terms of receivables and payables are rapidly increasing. Businesses are financially sound, business performance is quite high, profitability fluctuates significantly over time. Bankruptcy probabilities are estimated based on the bankruptcy models of Altman, Tuffler and Springgate. A low bankruptcy’s probability of PrJSC “Kharkiv Biscuit Factory” and PJSC Lviv Confectionery Factory “Svitoch” was established. The main recommendations for improving the financial condition of both enterprises are outlined. Emphasis is placed on increasing their profitability. This implies an increase in the price of products, an increase in sales of profitable products, a decrease in the cost of sales, the level of administrative and sales costs, optimization of the range of products sold in order to increase the proportion of its more profitable types. Both companies need to develop and implement an effective financial strategy for sustainable development.

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