Open AccessAnalysis of profitability of production in the construction industry of the Irkutsk region
Author(s) -
Evgeniy Filatov
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/945/1/012005
Subject(s) - profitability index , production (economics) , profit (economics) , industrial organization , business , process (computing) , factors of production , environmental economics , economics , computer science , finance , microeconomics , operating system
In economic practice, many specific indicators of profitability are used. They may differ in the complexity of the calculation, the availability of necessary information, and the usefulness of the analytical conclusions process. To measure the size of profit and the amount of funds used to achieve it in the industry economy, the indicator profitability of production is used. Profitability of production is an important parameter for determining the efficiency of the economy. Profitability of production is the most general, qualitative indicator of economic efficiency of production, efficiency of functioning of companies in the industry. This indicator is very important for making current and strategic decisions. The article presents the author’s model for analyzing the profitability of production. The article reveals the influence of factors affecting the change in profitability and are more methodical approaches to its calculation (methods of factor analysis developed by Filatov E. A.). The article presents the author’s analytic, systematic statistical material for the analysis of key indicators revealing the impact on the change of profitability of the construction industry in Irkutsk region of the Russian Federation.