2016, vol. 13, br. 4, str. 379-386
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Analiza profitabilnosti mesne industrije u Srbiji
Profitability analysis of meat industry in Serbia
Sažetak
U radu je sprovedena analiza profitabinosti mesne prerađivačke industrije u Srbiji u periodu 2011-2015. godina. Mesna prerađivačka industrija je profitabilna, uz ostvarivanje prosečne stope profitabilnosti od 5.29. I pored konstantnog poslovanja sa dobitkom, preduzeća u okviru ovog sektora ne uspevaju da ostvare referentni nivo profitabilnosti. U cilju ispitivanja koji interni faktori utiču na profitabilnost preduzeća u mesnoj prerađivačkoj industriji, sprovedena je regresiona analiza na bazi panel podataka. Rezultati ukazuju da preduzeća sa visokim raciom likvidnosti i pozitivnom stopom rasta prodaje ostvaruju bolju profitabilnost. Sa druge strane, visok stepen zaduženosti je negativno povezan sa stepenom profitabilnosti preduzeća. Dalje, rezultati su ukazali da veličina preduzeća, racio fiksne imovine i nivo investija ne predstavljau značajne faktore koji utiču na smer i intenzitet profiabilnosti mesne industrije u Srbiji.
Abstract
In this paper, profitability analysis of meat processing industry in Serbia was carried out for the period 2011-2015. Meat processing industry is one of the profitable sectors in the Republic of Serbia, with an average rate of ROA of 5.29. Even though companies in meat processing industry achieve positive net income, profitability is below referent value. In order to investigate which internal factors have a significant influence on the profitability of meat processing industry, a panel data regression was realized. The results show that companies with high liquidity ratio and growth in sales achieve better ROA. On the other hand, high debt ratio negatively influences the level of ROA. Furthermore, the results show that the size of the company, fixed assets ratio and rate of investment, do not have much influence on the profitability of meat processing industry.
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