Stage 2. Analysis of degree of implementation of obligations an enterprise is after contracts with foreign partners

Aim of the stage y to estimate the level of quality of implementation of obligations of an enterprise after contracts with foreign partners

1) Settling of coefficient of overdue obligations (on an

export-import, on the countries of export/ of import, on separate commodities):

5. Coefficient of overdue obligations = Sum So

Sum Si

where, So- sum of contracts overdue during a period;

Si- sum of contracts that is subject to implementation during a period

2) Settling of degree of implementation of contracts (on an export-import, on the countries of export/ of import, on separate commodities):

Coefficient of implementation of contracts = Sum Sa

Sum Si

where, S a - sum of contracts actual during a period;

S i -ft sum of contracts that is subject to implementation during a period

3) Settling of coefficient of the prepaid reclamations:

IS BE

1. Coefficient of the prepaid reclamations = Sum S pr

Cp

where, S pr - sum of the prepaid reclamations;

C p- cost of products (commodities).

3. Analysis of efficiency of external economic operations

Aim of the analysis - to estimate efficiency of separate export and import operations

1. Indexes of efficiency of foreign economic activity of enterprise.

1. Coefficient of efficiency of foreign economic activity of enterprise (K ef fea):

P exp-imp ,

K ef fea = CP exp-imp

where, P exp-imp - profit yield from export-import operations ;

CP exp-imp - complete prime price of export-import operations

2. Factor analysis of efficiency of foreign economic activity of enterprise (rice. 1).

E b/o - expenses on a barter operation

The purpose of the analysis m to estimate changes in a volume and structure of charges on export-import operations.

1. Settling of absolute and relative changes of indexes (sizes of charges on the whole, sizes of charges from export and imported operations):

General algorithms of settling:

1. Absolute increase = C i - C o

where, C i, o - charges from foreign economic activity (to the export/of import) accordingly current and base periods

01

2. Rates of height = Co

(C i - Co)

3. Growth Rates = Co

2. Settling of structural coefficients(general volume of charges, element structure of charges of export /of import) is settling of part of corresponding indexes (of charges of export/of import in the general volume of charges, separate elements of charges (on storage, on transportation, on crossing of border) in the volume of charges from the export/of import.

3. Factor analysis of charges of elements of charges for separate export and import operations.

4. Analysis of rationality of the use of money is during realization of foreign economic activity

The purpose of the stage - to estimate efficiency of the use of turnover means in foreign economic activity of enterprise and factors of influence

1. Settling of efficiency of the use of the turnover means inlaid in foreign economic activity of enterprise (an export/is an import).

General algorithms of settling :

Coefficient of efficiency TM m

of the use of turnover means == P

where, TM m ^middle Kits and pieces of turnover means in foreign economic activity of enterprise (an export/ an import)

P ~ profit yield from realization of corresponding products for period

2. Settling of indexes of circulating of the turnover means inlaid in foreign economic activity of enterprise (an export/an import):

(TMm x D)

1. Period of turnover = P

where, D - an amount of days in a period

P

2. Coefficient of turnover = TM m

1. Period of turnover of supplies:

(AS x D)

PT s = PPr

where* AS - average of supplies of enterprise;

PPr - prime price of realization of products.

2. Period of turnover of account receivable:

(AR x D)

PT ar = P

where, AR - average of account receivable of enterprise.

3. Middle duration of export operation:

(MR m x D)

MD exp/op = PP

£e MRm - middle remain of money on export;

PP - prime price of the realized commodities on foreign markets,

4. Lengths of operating cycle = FT i + PT ar

where, PT i, ar - period of turnover accordingly inventories, account receivable

5. Period of turnover of account payable:

(APxD)

PT ar = PPr

where, AP - average of account payable of enterprise

6. Lengths of financial cycle = PT i + PT ar - PT ap,

where, PT ap - period of turnover of account payable of enterprise

5. Analysis of financial results of foreign economic activity

Aim of the stage - to estimate the quantitative and quality changes of financial results of foreign economic activity of enterprise

1. Settling of absolute and relative changes of indexes (of financial result of activity on the whole, financial results of separate types of foreign economic activity of import, export and others like that):

General algorithms of settling:

1. Absolute increase = FRi - FR o

where, FR i, o - financial result from foreign economic activity (to the export/of import) accordingly current and base periods

FRi

2. Rates of height = FR o

(FRi-FRo)

3. Growth Rates = FR p

2. Settling of indexes of profitability (foreign economic activity on the whole, to the export/of import, capital):

General algorithms of settling:

FR

Coefficient of profitability = R

where, R ^ corresponding resources (charges, capital, and others like that)

1. Profitability offoreign economic activity of enterprise (Pfea)

FR fea x (1 - T i)

Pfea = CP exp-imp

where, FR fea - financial result (income) from foreign economic

activity to taxation;

T i - rate of taxation of income

CP exp-imp — complete prime price of export-import operations

2. Profitability of export operation (P exp):

FR exp x (1 -T i)

P exp = CP exp

where, FR exp - financial result (income) from an export operation to taxation;

T i - rate of taxation of income

CP.exp - complete prime price of export operation; f

i

3. Profitability of the imported operation (P imp):

FR imp x (l-Ti)

P imp = CP imp

where, FR imp - financial result (income) from an import operation to taxation ;

T i - rate of taxation of income

CP imp - complete prime price of the imported operation

4. Profitability of sale (P s):

Ps= Ni/Vr

where, NI - net income of enterprise;

Vr - volume of realization of products of enterprise.

5. Profitability of charges of enterprise (Pc):

Pc= Ni/CO

where, CO - sum of current outlays of enterprise.

9. ROA of enterprise (ROA):

ROA = Ni/A where, A - average of assets of enterprise.

9. Profitability ofproperty asset of enterprise (P pa):

Ppa = Ni/PA where, PA - average of property asset of enterprise.

6. Analysis of financial firmness of enterprise

Aim of the stage - to estimate current and long­term firmness of enterprise

1. Settling of indexes of liquidity and solvency:

1. General liquidity Ratio:

CA

R gl = CL

where, CA — sum of circulating assets of enterprise CL - sum of current liabilities of enterprise

2. Rapid liquidity Ratios:

(MA+CFI+AR)

R rl= CL

where, MA - sum of money assets and their equivalents CFI - cost of current financial investments AR - volume of account receivable

3. Absolute liquidity Ratios:

(MA+CFD R al= CL

Coefficient of distraction of; circulating assets in supplies:

S

Rd* CA where, S - sum of supplies of enterprise

2. Settling of indexes offinancial firmness:

1. Coefficient of financial autonomy (independences):

PA

Cfi = C

where, PA — sum of property asset of enterprise C - general volume of financial resources of enterprise

2. Coefficients of financing:

LC

Cf = PA where, LC — sum of loan capital of enterprise

3. Coefficient of coverage of debt:

PA

C cd = L

where, D - debt funds of enterprise.

4. Coefficient of manoeuvring of property asset:

PCA C f = PA

where, PCA - property circulating asset

5. Coefficient of provision of property asset:

PCA Cf = CA