Scientific journal NRU ITMO
Series "Economics and Environmental Management"
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ISSN:2310-1172

June 2017 (published: 30.06.2017)

Number 2(29)

Home > Issue > The development of methodical approach to process of current capital management on service enterprise oil and gas branches to industry

UDC 658.153.012.7

The development of methodical approach to process of current capital management on service enterprise oil and gas branches to industry

Vetrova E.N., Kamaliyev R.R.

On the basis of the conducted review of the opinions of leading experts in the field of working capital management developed a model of working capital management by constructing a three-dimensional matrix, the essence of which is to determine the company position in the coordinate system of "profitability current assets – current liquidity ratio – current assets turnover", allowing to visualize the current relationship between these indices. Proposed and substantiated the critical values of the indicators included in the model. The basis of criteria of profitability of current assets is based on the needs of the enterprise as on the economic capacity of the firm (Corporation, company) and the satisfaction of personal needs of the staff in the form of social benefits and the needs of shareholders in the form of dividends. Criterial values of the current liquidity determined on the basis of possible nominal cover short-term obligations. The definition of the criteria relative to the rate of turnover of current assets carried out in the framework of the logic of marginal analysis. For example, the oilfield services company the developed analytical algorithm for processes, working capital management, the use of which allows to get more detailed information for the efficient management of working capital. The identified position of the company in the proposed coordinate system, the possible events, the realization of which will allow the company to increase the efficiency of working capital management.
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Keywords: working capital, working capital management, profitability of current assets, current liquidity, the model of working capital management.

DOI 10.17586/2310-1172-2016-9-1-1-9

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