Analytical support for managing the efficiency of fixed assets utilization at industrial enterprises of Ukraine

Semenova Kateryna
PhD in Economics, Associate professor of the Department of accounting, analysis and auditing, Odesa National Economic University, Odesa, E-mail: ka_sta@ukr.net, ORCID ID: https://orcid.org/0000-0002-1613-7218

Matviychuk Julia
student, Odesa National Economic University, Odesa, E-mail:julijamjuli13@gmail.com, ORCID ID: https://orcid.org/0000-0003-2345-098X

Cite this article:

Semenova K., Matviychuk J. (2023) Analytical support for managing the efficiency of fixed assets utilization at industrial enterprises of Ukraine. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Analitychne zabezpechennia upravlinnia osnovnymy zasobamy promyslovykh pidpryiemstv Ukrainy; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 3-4 (304-305), pp. 49-55.

Abstract

The profitable activity of an enterprise should be constantly accompanied by thorough economic research of issues related to the management and analysis of business activities. In this case, special attention is paid to the analysis of fixed assets, since their effective use affects the development processes not only of an individual enterprise but also of the state economy as a whole. And in conditions of limited resources, an increase in production is possible only through the improved use of existing fixed assets. Rational use of fixed assets also plays an important role in reducing production costs. Therefore, in order to maintain a sustainable pace of development and increase the efficiency of Ukrainian industrial enterprises, it is necessary to intensify the reproduction and improve the use of existing fixed assets and production facilities. These processes have a twofold positive effect: firstly, they help to maintain the proper technical level of each enterprise's assets, and secondly, they allow increasing production volumes without additional attraction of investment resources, reducing production costs by reducing the share of depreciation and equipment maintenance costs, and increasing returns and profitability. The article substantiates theoretical approaches to the interpretation of the concept of "fixed assets", determines the current state of fixed assets of domestic industrial enterprises; highlights the problematic issues of analyzing their condition and efficiency of use in the current business environment. To achieve this goal, the author analyzes the dynamics of the index of industrial production, the cost of fixed assets of Ukrainian industrial enterprises and the level of their depreciation, presents the structure of fixed assets and characterizes their changes; analyzes the dynamics of indicators of efficiency of use of fixed assets, and develops measures to improve their use. Based on the results of the study, it is concluded that optimization of the use of fixed assets plays a key role in the long-term functioning of any industrial enterprise and increase of its profitability.

Keywords

fixed assets, assets, industry, analysis, management, efficiency.

JEL classification: L600, M410; DOI: 10.32680/2409-9260-2023-3-4-304-305-49-55

UD classification: 688.2:005

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