scholarly journals Comparative analysis of liquidity ratios of bankrupt manufacturing companies

2014 ◽  
Vol 10 (3) ◽  
pp. 151-164 ◽  
Author(s):  
Sebastian Tomczak
Author(s):  
L.E. Yasinskaya ◽  

Introduction. Earlier, the comparative analysis of the commercial and investment activities of the companies that play the key roles in the investment processes in the Russian pharmaceutical industry and operate within the four main business models (biotechnological, generic, specialized pharmaceutical companies, active pharmaceutical ingredient (API) manufacturers) has been conducted. No full assessment of the companies’ activitiesis conceivable without a financial analysis of their activities to identify the risks of investment activities. Objective of the study. A detailed comparative analysis of the financial standing of domestic pharmaceutical manufacturers operating within the selected business models for further identification of potential financial risks for investors. Research procedure and article structure. Analysis of RAS statements (forms 1 and 2) of 72 over 500 million revenue companies grouped together as selected business models for the period from 2015 to 2019. Results. The researchers provided a detailed description of the commercial activities of domestic pharmaceutical companies within the business models under consideration. The companies within various business models showed positive revenue growth rates over the past five years. All business models demonstrate consistently high business profitability and a significant share of own capital in the asset profile. Conclusion. The results of the study show the stable financial standing of the pharmaceutical companies within various business models. The biotechnology sector companies that are the most attractive for investments have the highest quality financial standing. The specialized and generic companies show similar consistently strong performance. API manufacturers that the companies with relatively small revenues are actively developing and are attractive to restrained budget investors.


2020 ◽  
Vol 4 (2) ◽  
pp. 25-33
Author(s):  
Milica Jovanović ◽  
Aleksandar Đorđević

Market size in many ways determines the national competitiveness of an economy. If there is a large national market, it is a source of demand for manufacturing companies. There are cases where the national economy has a large market and a weak industry, e.g. Russia, while on the other hand, Switzerland, which has a small market size, compensates that with productivity and exports to other markets. Market size and foreign trade complement each other in influencing the sustainability of national competitiveness. If there is a large market and insufficient industry to meet the demand in that market, it is necessary to import the products and satisfy the needs of the domestic market. However, the small national market and the production of a large quantity of products that it cannot absorb requires export to other markets. The paper presents a comparative analysis of the competitiveness of Serbia and countries in the region, and their indices of market sizes, which include, but are not limited to, foreign market percentages and exports. Certainly, both determinants significantly affect national competitiveness and its sustainability.


2018 ◽  
Vol 66 (2) ◽  
pp. 166-171
Author(s):  
Luciana Vigorito MAGALHÃES ◽  
Tamara Soledad Frontanilla RECALDE ◽  
Marcos Vinícius COLTRI ◽  
Hermes de Freitas BARBOSA ◽  
Marco Aurelio GUIMARÃES ◽  
...  

ABSTRACT In health care professional activities, advertising is an issue that raises serious discussions and is the cause of some ethical suits in professional entities, since every advertising should follow the provisions of the Code of Professional Responsibility. Therefore, this research study aimed at analyzing, comparing and discussing articles related to advertising and marketing, considering the current regulations from dental and medical entities. In Dentistry, this subject is ruled by the Code of Professional Conduct, Chapter XVI, ‘From advertising and marketing’. In Medicine, information is found in two regulations and in several chapters of the Code of Medical Ethics and in Resolution No. 1.974/2011 of the Federal Council of Medicine, which establishes the guiding criteria for medical advertising. The three regulations present articles that refers to participation in mass media, required information in advertisements, use of sensationalism and self-promotion, and publishing of unproven specialties and titles, highlighting the importance of these topics. The medical regulation also includes participation in publishing ads of manufacturing companies and an exclusive committee to deal with advertising and marketing issues, topics that are not considered in the dental regulation.


2019 ◽  
Vol 7 (2) ◽  
pp. 63-72
Author(s):  
Raid Ayasy Shalih ◽  
Fariyana Kusumawati

This research aims to analyze the differences in financial distress predictions between the Springate model and the Fulmer model. The method used in this research is quantitative. The type of data used in this research is secondary data in the form BEI of company financial statements for 2014-2016. The data analysis technique uses the One Way ANOVA test. The results showed that there are significant differences between the Springate model and the Fulmer model in predicting financial distress in manufacturing companies listed on the Indonesia stock exchange during 2014-2016. The most relevant model in predicting financial distress in this study is the Springate model.


2018 ◽  
Author(s):  
Nurlaela

This study aims to determine which companies are more efficient use of working capital between PT. Mayora Indah Tbk. and PT. Siantar Top Tbk. Method analysis is descriptive with the analysis of financial ratios used are the ratio of activities of asset turnover, inventory turnover, and working capital turnover. Results of research that PT. Mayora Indah Tbk. activity ratio of the asset turnover is 6.59 times, inventory turnover is 23.87 times, and the working capital turnover is 18.07 times and PT. Siantar Top Tbk. asset turnover ratio of 5.9 times, inventory turnover 27.78 times, and turnover of working capital -910.71 times. Both companies are then PT. Mayora Indah Tbk. more efficient use of working capital than PT. Siantar Top Tbk. which is listed on the Indonesia Stock Exchange.


1989 ◽  
Vol 21 (9) ◽  
pp. 1241-1263 ◽  
Author(s):  
P N O'Farrell ◽  
D M W N Hitchens

In this paper we present a comparative analysis of the competitiveness and performance of matched pairs of small manufacturing companies in Scotland and the south of England. Several aspects of performance are investigated, and evaluations of the price and quality competitiveness of the product samples are made. One-third of Scottish products were judged to be of an unacceptable quality by the matched English companies. English companies are manufacturing to a higher quality but at a similar price to the Scottish ones. English firms displayed higher levels of skill and were more aware of the need to train. The empirical evidence provides confirmation of the conceptual framework, namely that production-related issues lie at the core of the problem of competitiveness for small companies. The findings suggest that government assistance should shift away from fixed assets to soft assets, and especially towards training and advisory systems.


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