Current assets (OS) - these are the means of the enterprise or company that may be renewed at specified intervals and serve to ensure that activities at the current time.The minimum at this turnover is a turnover of at least.They can be used, and other indicators of turnaround time.It can be a calendar year, fiscal year, or the production cycle of the enterprise.Critical analysis of the structure of working capital for the understanding of their role in the economic process.
According to the traditional classification in their composition identified two categories: assets and current treatment.The composition of the first category includes inventories, work in progress and semi-finished products, as well as funds to be used, in future periods.
Inventories include spare parts, raw materials, manufacturing a variety of additional materials and more.Their size set of considerations to ensure smooth operation of the enterprise.
Work in progress - are materials, components and products that are still in the production process.
development costs of advanced technologies and marketing make up the group of prepaid expenses.
Produced analyzes the sources of working capital to fund classifies treatment:
- finished products;
- have goods shipped to the consumer;
- all the funds in the accounts;
- means of ranking in settlements with customers and supplier.
This structure shows the share of some of the specific components of the operating system in a common set of tools.
OS management issues are quite topical issue.Analysis of turnover of working capital is increasingly becoming the subject of research in economic science.This is due to the fact that the business practices are most in demand unique solutions, the most advanced concepts and technologies of financial management.It is the analysis of turnover of working capital is adequate definition of the financial condition of the company or companies the possibility to properly assess the liquidity that increasingly depend on business and use the operating system.
Since they participate in the formation of a significant proportion of liquid assets, the effective value of the operating system should ensure stable operation of the company.At the same time the criteria of effectiveness indicators are the minimum time period of treatment and its speed.During this period, the conversion should take place in a real working capital funds.
Need for investments directly proportional to the rate of turnover.Therefore, the lower the turnover rate, the greater the need for a business or organization to leverage resources.And this, in turn, reduces the stability of the enterprise in an uncertain market and its attractiveness to foreign investors.
Effective management of the operating system is achieved when the analysis of the working capital turnover shows that their values are at the level of 58-75% of the total assets.
In addition, since the operating system designed primarily to maintain and ensure the continuity of the current production, the analysis of turnover of working capital makes it possible to quickly restructure the entire system of the OS in order to make it more perfect configuration corresponding to modern requirements of financial management.
In short, the role and importance of professional analysis of the operating system becomes an essential tool of management strategies and rapid response to process changes dynamically changing market conditions.
