Open AccessThe Assessment of Financial Performance of the Lithuanian Dairy Sector’s Listed Companies
Author(s) -
Asta Kamandulienė,
Žilvinas Kulbokas
Publication year - 2020
Publication title -
organizacijų vadyba: sisteminiai tyrimai
Language(s) - English
Resource type - Journals
eISSN - 2335-8750
pISSN - 1392-1142
DOI - 10.1515/mosr-2020-0005
Subject(s) - gross margin , profit margin , lithuanian , revenue , gross profit , business , productivity , gross value added , margin (machine learning) , gross output , finance , financial ratio , earnings before interest, taxes, depreciation, and amortization , return on equity , debt ratio , economic value added , return on assets , profit (economics) , debt , economics , profitability index , macroeconomics , linguistics , philosophy , earnings , machine learning , production (economics) , computer science , microeconomics
The article analyses the Lithuanian dairy sector companies’ financial performance and its determinants. Economic value added (EVA) is employed in the paper as a measure of financial performance and labour productivity, revenue from exporting, gross profit margin and cost of debt are used as independent variables to identify determinants influencing performance. The results of the analysis show that EVA (as financial performance measure) fluctuates during the periods and has an opposite trend direction in some periods for some companies. The revenue from exporting and gross margin are found to have a significant positive impact on EVA (financial performance measure).