The quality of asset of chemical industry organizations in terms of risk and profitability (part 1).

Abstract

Introduction. Financial strategy is one of the fundamental documents for company management. Its foundation is traditionally the current and future structure of the assets of the company and sources of income. Although financial strategy typically focuses on the liability structure of the company, assets are equally important. These assets depend on a variety of factors, including the industry, stage of development, goals, and investment policy, thereby determining the nature and requirements of financial management for a particular entity. Goal. Development of a comprehensive approach to assessing the quality of the assets of the company using materials from Russian organizations, open data, and financial analysis methods. Materials and methods. The study is based on the analysis of open data: the Interfax SPARK database and reports from chemical industry companies. Statistical methods formed the methodological basis. Results and discussion. The study confirmed the a priori heterogeneity of the sample, characteristic of the industry; demonstrated the instability of the financial performance of large companies in the industry; showed that the majority of small businesses in the chemical industry remain low-profitable, and the financial results are generated by large companies; the industry is characterized by an improvement in the condition of individual companies, while the majority of enterprises continue to be characterized by low return on assets and their inefficient structure. Conclusion. The study yielded the following results: a consistent, comprehensive approach to assessing the state of companies' assets was developed; the first part of the analysis was completed based on the proposed approach; and the analysis revealed negative trends in the changing asset structure of companies in the analyzed industry.