INCREASE IN PROFITABILITY OF THE ENTERPRISE OF THE AUTOMOBILE TRANSPORTATION INDUSTRY BY DIRECTIONS OF COMMERCIAL ACTIVITY
DOI:
https://doi.org/10.15802/stp2018/130535Keywords:
automobile transportations, profitability of the enterprise, transport services, sources of funding activitiesAbstract
Purpose. The study highlights the analysis of possible ways to increase the profitability of an enterprise that deals with road transport. The ways of increasing profitability are supposed to be justified on the lines of the commercial activity of the enterprise. The main purpose of the work is to calculate the cost of specific measures to improve profitability with the rationale for possible sources of their financing. Methodology. The authors analyzed the structure of the transport services market in Ukraine, established the freight transport structure of the enterprise under investigation. The share of expenses in the areas of commercial activity and the corresponding share of profit received by the enterprise from a specific direction were analyzed. Findings. The conducted analysis showed that two areas of commercial activity are the most significant and profitable: transportation and freight forwarding. Repair and maintenance of vehicles in the overall structure also occupies a significant place. The most costly part of the enterprise is the sale of spare parts for vehicles. Other areas of activity, such as renting, car washing, and insurance services occupy a small part, but have prospects for development. For each direction of the commercial activity of the enterprise, measures are proposed to improve their effectiveness. The authors suggest paying attention to the item «installation of modern control and monitoring facilities». At this stage, for all transport enterprises there is a problem of saving costs. The reason for this fact was the rapid and constant increase in the cost of fuel. The program for saving this expense item is very relevant for the road transport company. Originality. To date, the company under investigation does not use a GPS monitoring system. Therefore, in order to reduce fuel costs, establish order in the robot and coordinate in the enterprise, the article proposed and calculated the implementation of a GPS monitoring system. Practical value. The proposed introduction of a GPS monitoring system will reduce the cost of energy resources. This will positively affect the cost of the services provided. Decrease in the cost price of services will allow receiving more profit that will eventually lead to growth of indicators of profitability.
References
Berzhanir, I. A. (2015). Diahnostyka rentabelnosti diialnosti pidpryiemstva. In P. Y. Kurmaieva, M. A. Slatvinskoho (Eds.). Rozvytok na-tsionalnoi ekonomiky na innovatsiinii osnovi: tendentsii ta per-spektyvy : kolektyvna monohrafiia (pp. 27-31). Uman. (in Ukranian)
Boiko, O. V., & Koval, V. V. (2017). Derzhavna polityka rozvytku infrastruktury rynku avtomobilnoho transportu. Rozvytok torhivli ta pidpryiemnytstva v Ukraini: tendentsii ta perspektyvy : zbirnyk naukovykh prats za materialamy mizhnarodnoi naukovo-praktychnoi konferentsii (Odesa, 25–26 travnia 2017 r.), 33–36. (in Ukranian)
Havatiuk, L. S., & Perehiniak, N. M. (2017). Shliakhy pidvyshchennia rivnia prybutkovosti vitchyznianykh pidpryiemstv u suchasnykh umovakh hospodariuvannia. Ekonomika ta suspilstvo, 9, 363-367. Retrived from: http://economyandsociety.in.ua/journal-9/16-stati-9/867-gavatyuk-l-s-pereginyak-n-m (in Ukranian)
Yevtushenko, V. D. (2013). Problemy ta napriamy ratsionalnoho vykorystannia avtotransportu. Scientific Journal of National University of Life and Environmental Sciences of Ukraine. Series: Economy, Agrarian Management, Business, 181(4), 153-157. (in Ukranian)
Loiko, V. V., & Neseniuk, Y. S. (2015). Shliakhy zbilshennia obsiahu prybutku ta pidvyshchennia diievosti upravlinnia prybutkom promy-slovoho pidpryiemstva v suchasnykh umovakh hospodariuvannia. The International Scientific Journal, 7, 68-71. (in Ukranian)
Melen, O. B., & Garibyan, T. A. (2014). Actuality of issues development directions of increasing profitability of the enterprise. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia: Ekonomichni nauky, 8(3), 91-94 .(in Ukranian)
Mitchenko, H. V. (2015). Orhanizatsiino-ekonomichne zabezpechennia stratehichnoho marketynhu na pidpryiemstvakh avtomobilnoho transportu. (Dysertatsiia kandydata ekonomichnykh nauk). National Transport University. (in Ukranian)
Sviridova, S. S., & Tomashaytis, D. D. (2014). Capital formation of enterprises bread industry. Young Scientist, 8(11), 93-96. (in English)
Sobkevych, O. V, Mykhailychenko, K. M., & Yemelianova, O. Y. (2014). Mekhanizmy efektyvnoho vykorystannia ta rozvytku potentsialu transportno-dorozhnoho kompleksu Ukrainy: analitychna dopovid. Kyiv: NISD. (in Ukranian)
Statystychni dani po haluzi avtomobilnoho transportu (2017). Ministry of infrastrukture of Ukraine. Retrived from https://mtu.gov.ua/content/statistichni-dani-po-galuzi-avtomobilnogo-transportu.html (in Ukranian)
Strichak, G. V., Tsyupko, I. V., & Dyakovich, M. A. (2014). Profitability level increasing. Naukovyi visnyk NLTU Ukrainy, 24.10, 262-268. (in Ukranian)
Shliaha, O. V., & Shypulia, L. I. (2014). Prybutok ta rentabelnist yak pokaznyky efektyvnosti vyrobnytstva. Retrived from http://www.zgia.zp.ua/gazeta/evzdia_8_075.pdf (in Ukranian)
Kamar, K. (2017). Analysis of the Effect of Return on Equity (Roe) and Debt to Equity Ratio (Der) On Stock Price on Cement Industry Listed In Indonesia Stock Exchange (Idx) In the Year of 2011-2015. IOSR Journal of Business and Management, 19 (05), 66-76. doi: 10.9790/487X-1905036676 (in English)
Ichsani, S., & Suhardi, A. R. (2015). The Effect of Return on Equity (ROE) and Return on Investment (ROI) on Trading Volume. Procedia-Social and Behavioral Sciences, 211, 896-902. doi: 10.1016/j.sbspro.2015.11.118 (in English)
Mareček, J., & Rowland, Z. (2017). The importance of ROE for calculating EVA Equity: the case of Motor Jikov Strojírenská, a.s. SHS Web of Conferences, 39 (01017), 1-10. doi: 10.1051/shsconf/20173901017 (in English)
Downloads
Published
How to Cite
Issue
Section
License
Copyright and Licensing
This journal provides open access to all of its content.
As such, copyright for articles published in this journal is retained by the authors, under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0). The CC BY license permits commercial and non-commercial reuse. Such access is associated with increased readership and increased citation of an author's work. For more information on this approach, see the Public Knowledge Project, the Directory of Open Access Journals, or the Budapest Open Access Initiative.
The CC BY 4.0 license allows users to copy, distribute and adapt the work in any way, provided that they properly point to the author. Therefore, the editorial board of the journal does not prevent from placing published materials in third-party repositories. In order to protect manuscripts from misappropriation by unscrupulous authors, reference should be made to the original version of the work.