Strengthening Financial Stability based on the Factor Forecast of Profitability of the Enterprise

Natalia Voronina, Elena Zhulina, Natalia Sadchenko, Elena Yurmanova

2021

Abstract

The article presents the materials of theoretical and empirical studies of the influence of factors on such a significant indicator of the activities of enterprises and organizations as profitability. In the theoretical part of the work, the types of factor analysis are considered; the importance and necessity of using correlation and regression analysis in the study of the influence of factors on the profitability of the organization's activities are justified; the conditions and tasks of using this type of analysis are described. In the practical part of the work, the described methodology for analyzing the influence of factors on the profitability indicator was tested on the example of BioVitrum M LLC, which sells medical laboratory and diagnostic equipment. The assessment of the degree of influence of factors on the change in the profitability of the analyzed enterprise was carried out on the basis of data for 2014-2019. For the purposes of evaluation, the method of stochastic modeling, such as correlation and regression analysis, was used. On the basis of the constructed regression model, the forecast level of profitability of the activities of LLC "BioVitrum M" was determined, which was formed under the influence of the growth of equity capital, and contributes to the strengthening of the financial stability of the enterprise.

Paper Citation

in Harvard Style

Voronina N., Zhulina E., Sadchenko N. and Yurmanova E. (2021). Strengthening Financial Stability based on the Factor Forecast of Profitability of the Enterprise. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 253-258. DOI: 10.5220/0010698000003169

in Bibtex Style

@conference{ses21,
author={Natalia Voronina and Elena Zhulina and Natalia Sadchenko and Elena Yurmanova},
title={Strengthening Financial Stability based on the Factor Forecast of Profitability of the Enterprise},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={253-258},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010698000003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Strengthening Financial Stability based on the Factor Forecast of Profitability of the Enterprise
SN - 978-989-758-546-3
AU - Voronina N.
AU - Zhulina E.
AU - Sadchenko N.
AU - Yurmanova E.
PY - 2021
SP - 253
EP - 258
DO - 10.5220/0010698000003169