Searching for the Best Financial Ratios Evaluating Companies Operating in Different Lithuanian Sectors

Dzikevičius, Audrius; Jonaitienė, Brigita

doi:10.3846/btp.2015.533

Cited by 3 publications

(1 citation statement)

References 16 publications

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“…Mackevičius, 2008 (Lithuania). Current Lithuanian researchers A. Dziekevičius and B. Jonatiene in their study (Dziekevičius and Jonatiene, 2015) have carried out analysis of the most appropriate financial indicators that could be used to characterise operation of the Lithuanian companies in different sectors. The researches by these and other authors (Mackevičius, 2008;Garskaite-Milvydiene, 2012;Berzkalne, 2016) demonstrate that issues of the company's insolvency, financial status, potential and their assessment possibilities are upto-date issues nowadays.…”

Section: Insolvency Aspectmentioning

confidence: 99%

Diagnostic of Company's Financial Crisis as an Insolvency Prevention Measure

Mietule¹,

Klodāne²

2016

Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)

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Currently, the issues of insolvency and optimal financial situation of companies become increasingly topical. Simultaneously the company's crisis management with all its elements, including crisis diagnostics, have not been sufficiently studied yet. The object of the research is company's financial crisis diagnostics, the subject-methods of company's financial crisis diagnostics. The aim of the study-to carry out theoretical analysis of the company's financial crisis diagnostics in the view of insolvency prevention-is achieved applying monographic or descriptive research method, comparative analysis methods, as well as employing qualitative, grouping, and graphical methods. As a result of the research, the authors have concluded that a status of company's insolvency, which can be characterized by the company's inability to perform its commitments and by predominance of the company's liabilities over its assets, is the last and the most severe stage of financial crises, mostly deriving from a long-term reluctance by the management to react to the current financial crisis in the company. Thus, one of the company's insolvency prevention options shall be timely detecting of symptoms of the company's financial crisis in its early stages-that is a priority objective of the crisis diagnostics. Crisis diagnostics is a systematic application of a several different (usually financial) models to assess the company's status and to identify possible symptoms of the crisis. Early detection of the crisis indications significantly increases possibilities of saving the company's assets.

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Section: Insolvency Aspectmentioning

confidence: 99%

Diagnostic of Company's Financial Crisis as an Insolvency Prevention Measure

Mietule¹,

Klodāne²

2016

Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)

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Statistinio lyginimo būdo naudojimas atliekant įmonės finansinės būklės analizę

Mackevičius

Tamulevičienė

Valkauskas

2019

BATP

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General economic, mathematical and heuristic study methods were used when analyzing the financial status of companies. In practice, the comparison method is the most widely applied one of all the general economic research methods. When it is applied, the actual indicators (absolute and relative) are compared to the ones planned inside the company; the indicators of the company are compared with the average ones of the industry or the best ones of other companies; indicators of different periods are compared. However, until now, the comparison method has barely been applied in practice using the averages of certain indicators and especially the multidimensional ones. The aim of the article is to develop a methodology for applying the statistical comparison method based on the calculation and evaluation of the multidimensional average. For achievement of the aim were used research methods: analysis of scientific literature, information collection, aggregation, detailing and summarizing. The article analyzes the significance, advantages and disadvantages of the traditional comparison method. The methodology for the comparison method based on the calculation of the multidimensional average and their comparison is proposed in the article. A concrete example of how to apply the comparison method using the multidimensional average calculation method to assess the financial position of companies is provided.

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Developing a Unified Model for Indicators for the Financial Analysis of Public Sector Entities

Kamarauskienė

2021

BATP

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Financial analysis is an analysis of an entity’s financial performance and position to assess its achievements and prospects, as well as, to provide the financial managers with quality up-to-date information that will help them make the right decisions in the future. The financial analysis concerns the forecasting, accounting, planning and control of certain economic activities. However, financial analysis is mainly linked to private sector entities. The issues of financial analysis of public sector entities in scientific work are addressed in a fragmented way. There is still a lack of not only scientific but also practical work to analyse the issues of financial analysis in the public sector. The article presents a modified model for the financial analysis system, the analysis indicators to be applied and their combinations. In addition to traditional indicators, the presented system includes indicators of public interest and development. The system may be used for analysing the state of public sector entities. Its results may be useful for different users of information in making appropriate decisions. Research object: the financial analysis of public sector entities. The purpose of the research is to establish a unified and modified model of the system for conducting the financial analysis of the public sector entities. Tasks: to describe the logical sequence of financial analysis after analysing and summarising the theoretical and practical aspects of the analysis of the financial position of public sector entities; to identify and group indicators for analysing the financial position of the public sector. Research methods: analysis of scientific works, methods of information grouping, comparing, detailing, generalizing.

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Searching for the Best Financial Ratios Evaluating Companies Operating in Different Lithuanian Sectors

Cited by 3 publications

References 16 publications

Diagnostic of Company's Financial Crisis as an Insolvency Prevention Measure

Diagnostic of Company's Financial Crisis as an Insolvency Prevention Measure

Statistinio lyginimo būdo naudojimas atliekant įmonės finansinės būklės analizę

Developing a Unified Model for Indicators for the Financial Analysis of Public Sector Entities

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