{"id":14870,"date":"2021-03-20T14:00:22","date_gmt":"2021-03-20T12:00:22","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=14870"},"modified":"2021-03-22T14:00:49","modified_gmt":"2021-03-22T12:00:49","slug":"profitability-of-enterprises-of-the","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/profitability-of-enterprises-of-the\/","title":{"rendered":"Dzhedzhula V., Yepifanova I, Humeniuk V. Profitability of enterprises of the machine-building industry of Ukraine as an indicator of efficiency of functioning"},"content":{"rendered":"

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JEL Classification<\/strong>: C12; C14; C18
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-09<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Dzhedzhula Viacheslav,<\/strong> Doctor of Economics, Professor, Professor of the Department of Finance and Innovative Management, Vinnytsia National Technical University, Vinnytsia, Ukraine<\/p>\n

ORCID:<\/strong> 0000-0002-2740-0771<\/a>
\ne-mail:<\/strong> djedjulavv@gmail.com<\/a><\/p>\n

Yepifanova Iryna,<\/strong> Doctor of Economics, Associate Professor, Professor of the Department of Finance and Innovative Management, Vinnytsia National Technical University, Vinnytsia, Ukraine<\/p>\n

ORCID:<\/strong> 0000-0002-0391-9026<\/a>
\ne-mail:<\/strong> epifanovairene@gmail.com<\/a><\/p>\n

Humeniuk Viktoriia,<\/strong> postgraduate (Economics), Department of Finance and Innovative Management, Vinnytsia National Technical University, Vinnytsia, Ukraine<\/p>\n

ORCID:<\/strong> 0000-0001-5062-9059<\/a>
\ne-mail:<\/strong> viktoriia.humeniuk1@gmail.com<\/a><\/p>\n

Profitability of the Machine-Building Industry Enterprises of Ukraine as an Indicator of Functioning Efficiency<\/h2>\n

 <\/p>\n

Abstract. Introduction.<\/strong> In modern economic researches, scientists emphasize that one of the priority factors that determine the quality of economic growth of any country is the advanced development of innovation sectors of economic activity and industries, and, above all, machine building. In Ukraine, machine building is traditionally called the driver of Ukrainian economy development. The structure of machine-building includes the production of machinery, the production of electrical, electronic and optical equipment, and the production of vehicles. Now, enterprises of the machine-building industry need to constantly monitor the state of profitability. After all, profit not only reflects the end result of the business, but also determining the efficiency of enterprises functioning.<\/p>\n

Purpose.<\/strong> The profitability trend analysis of machine-building enterprises in Ukraine is considered as the main objective of the current research.<\/p>\n

Results.<\/strong> The net profit received by machine-building enterprises increased almost 4 times. In 2019 the profit rate was 19852119.3 thousand UAH, which is 15647263.4 thousand UAH more than in 2010. Moreover, the share of enterprises that made a profit increased by 17% and amounted to 75.3%. The structure of financial results of machine-building enterprises show, that the largest share of profits came from the production of vehicles and equipment – 31% and 27%, respectively. Almost 20% of the industry’s profit comes from the production of vehicles, trailers and semi-trailers. Enterprises that produce electrical equipment produce 15% of the total profit of the machine-building complex. The smallest part is made up of business engaged in the production of computers, electronic and optical products – only 9%.<\/p>\n

Conclusions.<\/strong> In order to increase the efficiency of machine-building enterprises of Ukraine, it is advisable to implement the following measures: to form an effective functional structure of the organization of enterprises; to use economically effective levers of influence on functioning and management of a machine-building complex in the conditions of unstable social processes; to improve the territorial organization of the machine-building complex; to subsidize interest rates on loans obtained for the purpose of technical re-equipment of enterprises.<\/p>\n

Keywords:<\/strong> profit; profitability; machine-building industry; efficiency of activity.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Dzhedzhula, V., Yepifanova, I. & Humeniuk, V. (2020). State and prospects of development of the machine-building industry of ukraine, Visnyk Khmeljnycjkogho nacionaljnogho universytetu. Serija “Ekonomichni nauky”, 2, 270-275 [in Ukrainian].<\/li>\n
  2. Chernobrovkina, S. (2019). Analysis of the activity of the machine-building industry in Ukraine. Modern economics, 14, 290-295. DOI: https:\/\/doi.org\/10.31521\/modecon.v14(2019)-45 [in Ukrainian].<\/li>\n
  3. State Statistics Service of Ukraine (2019). Retrieved from: http:\/\/www.ukrstat.gov.ua [in Ukrainian].<\/li>\n
  4. Zyz, D. O. (2020). Main trends and prerequisites for the development of machine building enterprises. Ekonomichnyj visnyk, 2, 193-201 Retrieved from: https:\/\/doi.org\/10.33271\/ev\/70.193 [in Ukrainian].<\/li>\n
  5. Yepifanova, I. Yu. & Gumenyuk, V. S. (2016). Profitability of the enterprise: modern approaches to the definition of the essence. Ekonomika ta suspiljstvo, 3, 189-192. Retrieved from: http:\/\/economyandsociety.in.ua [in Ukrainian].<\/li>\n
  6. Yepifanova, I. Yu. & Gumenyuk, V. S. (2017). Methodology of estimating the profitability of an enterprise. Ekonomika ta suspiljstvo. 12. 251-254. Retrieved from: http:\/\/economyandsociety.in.ua [in Ukrainian].<\/li>\n
  7. Pihul’, N. H. & Pihul’, Ye. I. (2018). Current state and prospects of development of the machine-building complex of Ukraine. Ekonomika ta Suspilstvo, 15, 444\u2013449. Retrieved from: http:\/\/economyandsociety.in.ua [in Ukrainian].<\/li>\n
  8. Cherkas, D. M. (2017). Pest- and SWOT-analysis of industrial enterprises of Ukraine (on the example of mechanical engineering). Visnyk Odesjkogho nacionaljnogho universytetu. Serija: Ekonomika, 22, 103-106. Doi: http:\/\/nbuv.gov.ua\/UJRN\/Vonu_econ_2017_22_3_22. [in Ukrainian].<\/li>\n
  9. Luzhecjkyj, A. I. (2015) Diagnostic of the environmental of engineering enterprises of Ukraine. Naukovyj visnyk Mizhnarodnogho ghumanitarnogho universytetu. Serija : Ekonomika i menedzhment, 11, 121-123. [in Ukrainian].<\/li>\n
  10. Sak, T. V. (2018). Diagnostics of the causes of machine-building enterprises crisis in Ukraine. Ekonomika ta suspilstvo, 19, 604-611. Retrieved from: http:\/\/economyandsociety.in.ua [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 08 January 2021<\/p>\n

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    Dzhedzhula V., Yepifanova I, Humeniuk V. (2021). Profitability of enterprises of the machine-building industry of Ukraine as an indicator of efficiency of functioning. Modern Economics<\/em>, 25(2021), 58-63. DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-09.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: C12; C14; C18 DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-09 [\/vc_column_text][vc_column_text] Dzhedzhula Viacheslav, Doctor of Economics, Professor, Professor of the Department of Finance and Innovative Management, Vinnytsia National Technical University, Vinnytsia, Ukraine ORCID: 0000-0002-2740-0771 e-mail: djedjulavv@gmail.com Yepifanova Iryna, Doctor of Economics, Associate Professor, Professor of the Department of Finance and Innovative Management, Vinnytsia National Technical University, Vinnytsia,
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