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Farmer Producer Companies are emerging as an innovative model to transform agriculture into a profitable business venture by leveraging the collectives of small and marginal farmers through economies of scale with better bargaining power, better value addition facilities, better access to farming technologies, better input supply, and better market accessibility. Financial performance indicates the financial health and resource utilization efficiency of a business organization or a company over a certain period. In the present study, a comparative analysis of balance sheets and income statements was made for five different Farmer Producer Companies of Eastern Uttar Pradesh to identify the pattern of change in various financial components from 2019-20 to 2020-21. Based on the analysis, the important findings were that reserve and surpluses were significantly increased for most of the FPCs for future business expansion, three FPCs reported increased total liabilities, and all of the FPCs managed to grow their total assets compared to the previous year. The revenue growth rate for three FPCs was below par. The performance of the FPCs in respective to net profit after tax was asymmetric. Out of five, only four FPCs were able to meet all the operational expenses from the revenue generated out of business activities and hence, considered profit-making. Moreover, the overall financial performance of the FPCs was disrupted due to the wrath of the Covid-19 pandemic. © Economic Affairs (New Delhi).All rights reserved
ABSTRACT
Electricity is currently one of the most popular sources of energy. Considering such widespread use of electric energy, we may ask, what is the economic cost of producing and supplying it? The climate crisis and the social pressure associated with it have triggered the necessity to make further investments in renewable and low-emission energy sources, while the COVID-19 pandemic has abruptly limited electricity consumption in industry. All these factors can have an impact on disruptions or loss in the liquidity of companies responsible for supplying electricity to end users. Guaranteeing cash flow for energy sector entities is a prerequisite for energy supply continuity. In this context, the selection and application of reliable sources of information are vital for the management of the financial liquidity of energy sector entities. The aim of this article is to prove the value of the financial information of individual (IFR) and consolidated financial statements (CFR) essential for the indicative liquidity assessment of Polish energy groups in 2018–2021. The hypothesis of this study is that individual and consolidated statements do not offer coincident analytical data due to the diversified role of their parent undertakings. We have applied indicative liquidity assessment analysis from a static and dynamic perspective to 2018–2021, on the basis of individual and consolidated financial statements. The results clearly show high dysfunction in the application of indicative liquidity assessment in the case of the individual financial statement of the parent company. This is mainly due to the role parent companies play in Polish energy sector groups, as they are mainly responsible for support processes. [ FROM AUTHOR] Copyright of Energies (19961073) is the property of MDPI and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)
ABSTRACT
The paper showcases the analysis of the financial statements on Jindal Steel & Power Ltd which gives the inputs about the performance of the company. To support the study, Ratio analysis is used to focus on the financials of the company. As the financial analysis of any firm helps to understand the health of the company for this accounting ratios are studied to demonstrate the changes in the financials of the company because it is the useful tool for management, shareholders, financiers etc. Data was collected and used from Annual Reports of Jindal Steel & Power Ltd from the period of 2016-17 to 2020-21. The findings of the paper's financial study of Jindal Steel & Power Ltd. show that the company's financial performance increased after 2016-17 without taking the COVID-19 pandemic condition into account.
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Purpose: This study aims to focus on the impact of COVID-19 on the Spanish wine sector and the financial resilience of Spanish wineries in the period 2019–2020. Design/methodology/approach: The data set contains 355 limited companies of the Spanish wine sector which were active in the period 2019–2020. The explanatory variables used are size and age of the company, exports, subsidies and gender distribution in the workforce. The financial statements of the companies are treated as compositional data, using log-ratios for asset structure, leverage, margin, turnover and debt maturity. The first-difference estimator is used for the panel-data model relating the differences in the log-ratios between 2020 and 2019 to the explanatory variables. Findings: In average terms, margin and turnover have significantly worsened between 2019 and 2020, while debt maturity has increased. A larger firm size, a greater age, a higher share of women in the workforce and subsidies have made wineries more resilient between 2019 and 2020. Originality/value: To the best of the authors' knowledge, this is the first financial statement analysis of the impact of COVID-19 in the winery sector. © 2023, Emerald Publishing Limited.
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We provide theoretical and empirical insights into the impact of COVID-19 on Amazon's financial position. A longitudinal case study of Amazon's financial situation during the 2016-2020 period, and time-series analysis, ratio analysis, and DuPont analysis, are employed as a quantitative methodology to explore Amazon's financial situation changes before and after the COVID-19 pandemic. As for the robustness of the in-depth analysis, we compare Amazon's financial performance and position with Walmart. The result shows that the COVID-19 pandemic did not have a huge negative impact on the companies' financial performance because of its promotion of their development. However, this study provides an in-depth analysis of the influence of COVID-19 on Amazon's financial situation, which financial aspects are most affected by COVID-19, which are not, and the company's response to COVID-19. Therefore, this study sheds light on the accounting literature to demonstrate the impact of COVID-19 on Internet companies' financial performance and provides some reference values for subsequent academic research.
ABSTRACT
: Analysis applied in this research aimed to analyze the commercial transactions passed by the pandemic to prevent the future, the methodology started from the positivist research paradigm, type of research, non-experimental and crosssectional field design with documentary support, research level descriptive, the population was 77,289 and the sample of 471, within which 35 industrial companies from the region 6 of the Austro were focused, controlled by the super companies, the questionnaire instrument was validated through the judgment of three experts with experience in the area of accounting, entrepreneurship and methodology, qualifying clarity, coherence and relevance. Regarding the cash conversion cycle for 2020, it was 150 days late to generate cash in the generation of money in companies, likewise the profit margin for the same year was 13.35%, this ratio Financial was lower compared to the previous years 2019 and 2018, that is to say, the profit that the company achieves after deducting the operating costs were reduced, Conclusion. Keywords: Self-sustainability, COVID-19, Industry, Financial Ratios, Financial Information. 1.Introducción El COVID-19, ha tenido un impacto devastador en el Ecuador, la pandemia y la fuerte caída de los precios del petróleo han planteado un gran desafío para la economía ecuatoriana y han generado significativas limitaciones financieras, ante esto, el gobierno nacional toma medidas decisivas para contener la propagación del virus y mitigar el impacto socioeconómico generado por la crisis de salud en los hogares y las empresas, al tiempo que prioriza financiar los sistemas de asistencia social y de salud, de ahí que la información financiera es vital en la administración y conocimiento de las empresas. Las inversiones de uso de los activos, se determinan a partir análisis del balance general, de tal manera, que se calculan las variaciones de aumentos y disminuciones de los activos, pasivos y el patrimonio de un periodo anterior;y por otra parte, los pasivos y patrimonio, que implica el financiamiento, es decir;la fuente u orígenes de recursos cuando disminuyen los activos o aumentan los pasivos y el patrimonio, así por ejemplo, recoger una inversión, el recaudo de cartera de clientes, la venta de inventarios o propiedad planta y equipo, adquirir nuevas obligaciones financieras, tener un mayor nivel de endeudamiento o emitir acciones.
ABSTRACT
The COVID-19 pandemic has affected social order and people's health and has also caused a heavy blow to the livestock industry, affecting animal management and welfare. The livestock industry is one of the main contributors to economic growth in many regions, and it is of great significance to people's lives and regional economic growth. COVID-19 has reduced the livestock industry's market as well as consumers' opportunities to purchase livestock products, resulting in no sales or low sales of livestock or their products. The main purpose of this study is to consider the impact of the pandemic on the revenue of the livestock industry, and to study the challenges arising from the pandemic to the livestock industry. Based on the perspective of financial statements, we estimate the impact of COVID-19 through the translog revenue function of listed Chinese livestock companies from 2015 to 2020, and the study results show that the COVID-19 pandemic has reduced the revenue of the livestock industry, but the decline in revenue of large livestock enterprises is lower than that of small and medium-sized livestock enterprises. In the last two parts of this study, we make policy recommendations to livestock enterprises and the authorities.
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The COVID-19 pandemic created enormous uncertainty for achieving the sustainable development goals in waste management. China implemented a number of new policies recently to encourage waste-to-energy (WTE) and waste-to-material (WTM) industry, which was also impacted by the spread of COVID-19, while the impact on the solid waste industry was merely discussed. In this work, the quarter-level financial statement data of thirty listed companies in Chinese Stock Market were analyzed by applying ARIMA intervention analysis, moreover, a system dynamic model was established for examining the impacting pathway of the pandemic. Main results are: (1) the total annual turnover of total solid waste industry increased by 28.2 times in recent 14 years, however, the estimated turnover of solid waste industry in 2020 dropped around 55.8 billion CNY; (2) the WTE industry kept growing (+21%), the WTM industry dropped significantly (-28%), while the waste disposal industry and other solid waste industry varied slightly (-10% and +9%), comparing their turnovers in 2019 and 2020; (3) the average trade-prices of the secondary materials during the COVID-19 pandemic were only 43.4%-85.8% of the maximum price from 2017 to 2019, resulting in the decline of the WTM industry. Considering a possible sluggish growth of the solid waste industry, the waste separation and zero waste programs in China may meet non-trivial challenges in the future. Policy implications are put forward, such as quantitative simulating the long-term impact, increasing investment and incentive on waste recycling, and building an internal circulation system for waste management.