Assessment of the company's performance based on financial analysis
Financial analysis is an effective way to determine the efficiency of an enterprise and identify possible shortcomings in the management of a company in order to identify reserves and make adjustments to its economic activities. It can be carried out by different methods that analyze a specific part of the organization's activities. The relevance offinancial analysis in a market economy lies in the fact that the activities of any enterprise are aimed at rhythmic and efficient activities, as well as ensuring solvency and financial stability. The stability ofthe financial position ofan enterprise is largely due to its business activity, which depends on the breadth of markets for its products, business reputation, the degree of implementation ofthe plan for the main indicators of economic activity, the efficiency ofresource use and the sustainability of economic growth. A harmoniously adjusted process of financial and economic activity, as a component ofthe successful activity of the enterprise, is the key to maximizing profits and increasing the competitiveness ofthe enterprise. As one ofthe management functions, financial analysis has an impact on all aspects of the enterprise. Each stage of the production process contributes to the formation of the balance sheet, namely the information system of strictly documentary, continuous, accurate monitoring ofthe financial and economic condition ofthe enterprise. The article analyzes the financial and economic indicators of OJSC Kavkazcement for 2017-2019, calculates the coefficients of financial stability, profitability, business activity.