The mechanism for improving the financial condition of PJSC "Omega Plant"
Students Name: Shurdak Oleh Vasylovych
Qualification Level: magister
Speciality: Finance, Banking and Insurance
Institute: Institute of Economics and Management
Mode of Study: part
Academic Year: 2022-2023 н.р.
Language of Defence: ukrainian
Abstract: Determining and assessing the financial and economic condition of the enterprise is quite relevant for any business entity in Ukraine. In modern conditions, the independence of enterprises, their economic and legal responsibility is growing[1]. The processes of market transformation have attracted significant attention to the study of theoretical and practical problems of further development and improving the efficiency of enterprises in both public and private sectors of Ukraine’s economy[2;3]. Analysis of financial and economic condition is an important component of effective management of the formation, location and use of enterprise resources[4]. Financial condition is determined by the size, composition and structure of assets, equity and liabilities, certain ratios of which determine the financial stability, liquidity and solvency of economic entities[5;6]. In the first chapter, the essence, types and methods of analyzing the financial state of the enterprise are considered, the financial state of PJSC «OMEGA PLANT» and indicators of its financial and economic activity are evaluated. The results of the analysis of the financial condition of PJSC «OMEGA PLANT» for the years 2019-2021 allow us to draw the following conclusions: the currency of the balance sheet decreased negatively by 19.37% in 2020, but in 2021 it increased by 12.8% and amounted to 69,949 thousand UAH. The specific weight of non-current assets in the total asset structure of the balance sheet has a general tendency to increase and is 37.06% in 2019, 48.92% in 2020 and 44.84% in 2021, which include intangible assets, unfinished capital investments, main means (the share is 42.21% in the total asset structure of the balance sheet) and long-term financial investments. The share of current assets in the total asset structure of the balance sheet has a general tendency to decrease and amounted to 62.94% in 2019, 51.08% in 2020. and 55.15% in 2021. The most important items of current assets are stocks, which include all their types, which are growing rapidly in 2020. by 48.07% and in 2021 by another 133.78%, their share in 2021 makes up 36.14% of the total asset structure of the balance sheet and is the largest; and receivables for goods, works, services, the share of which in 2021 is 9.57% in the overall structure of the balance sheet. Analysis of the plant’s capital structure showed that it includes equity and current liabilities and provisions. According to the calculated structure of liabilities, PJSC «OMEGA PLANT» has a large share of equity, namely 86.2% in 2019, 96.58% in 2020. and 94.82% in 2021, which indicates the plant’s independence from external sources of financing, namely short-term bank loans and current debt for goods, works, and services. The results of the research report on the financial results of PJSC «OMEGA PLANT» for 2019-2021 showed the following: during 2019-2021, there was a rather sharp decrease in the amount of net income (revenue) from sales, namely by 69.46%, which is negative . A similar trend can be seen in the cost of sold products (goods, works, services). Changes in income and expenses also affected the formation of the net profit of PJSC «OMEGA PLANT» and, as a result, the plant in 2019. received a considerable profit in the amount of 14,352 thousand hryvnias, in 2020 it decreased to 6,403 thousand hryvnias, and in 2021 - up to 30 thousand hryvnias, which is a negative trend. The results of the coefficient analysis of the indicators of the property condition of PJSC «OMEGA PLANT» proved a negative increase in the physical and moral wear and tear of fixed assets and the lack of renewal of fixed assets. The business activity of the plant is low and continues to decrease negatively. Regarding liquidity, the company has enough working capital to pay off debts during the year in all years, but the company is ready to immediately liquidate short-term debt only in 2019 and 2021. As for the calculated profitability indicators, they are high in 2019 and 2020, and very low in 2021, because the plant made very little profit this year. The analyzed indicators of financial stability are very high during the analyzed period, and therefore the company is independent of loan sources, has a high level of financial stability and a small amount of loan capital per unit of aggregate sources, which is a very positive trend. In general, the financial condition of PJSC «OMEGA PLANT» during these years is satisfactory, although its deterioration is observed in 2021. according to certain indicators. According to the results of the SWOT analysis conducted in the research and forecasting part of the work for PJSC «OMEGA PLANT», it can be said that in order to improve the financial and economic condition of the enterprise, it is necessary to increase the amount of working capital, increase innovative activity, the increase of which contributes to the additional attraction of customers, due to which will increase the amount of profit, as well as increase the investment attractiveness for creditors. The proposed economic-mathematical model in the second section allows you to determine the moment of delivery of a new batch of finished products of a certain quantity with random demand, provided that total costs are minimized. The implementation of the proposed algorithm in the practical activities of PJSC «OMEGA PLANT» will ensure an increase in the efficiency of its financial and economic activities and will allow avoiding mistakes in choosing the optimal policy of inventory management. Forecasting the values of the residual value of fixed assets and stocks of PJSC «OMEGA PLANT» using the three-term moving average and trend methods showed that in the 1st, 2nd, 3rd and 4th quarters in 2022, an increase in both values is predicted. The implementation of the measures proposed in the recommendation part will allow PJSC «OMEGA PLANT» to optimize the balance sheet structure, improve financial results, indicators of property status, liquidity, profitability and business activity. References: 1. Danylchuk I.V. The essence of the financial state of the enterprise and the search for management solutions to ensure its effectiveness / I.V. 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