Efficiency of the use of working capital. Economic essence, coefficients

Any enterprise has a certain amount of working capital. They consist of circulation funds (SOEs in stock, shipped products, etc.) and circulating production assets (materials, both basic and auxiliary, raw materials, objects of labor that are consumed in one production cycle, and therefore their cost is transferred to manufactured goods And services at once entirely).

The effectiveness of the use of working capital is due to a variety of factors. If internal are directly dependent on the activities of the organization itself, the external ones exert their influence irrespective of the interests of the company, its activities. These include:

- the economy of the country as a whole;

- features of legislation, in particular, tax;

- interest rates on credit products and the conditions for obtaining them;

- Targeted financing ;

- Other.

Given these features, the company's management can make the most optimal plan for the rational use of its own resources.

The efficiency of using current assets is characterized with the help of special indicators-coefficients:

- turnover (Cob).

- duration of 1 revolution in days (Cob / dn).

- load of funds in 1 revolution (Kzag / ob). The economic efficiency of the use of current assets is this: the more actively the enterprise involves working capital in the production process, the less costs must be incurred to produce products. Thus, reserves are released to increase production volumes, upgrade equipment, introduce new equipment, technologies and other.

Any enterprise has significant opportunities to increase the efficiency of using current assets. If we talk about the sphere of production, the most reserves are in reserves. Of course, they are necessary to ensure the continuity of the production process, but at the same time they are temporarily not involved in production. To organize efficient use of the company's reserves and reduce them, their rational use is necessary. Also relevant are the following activities:

- effective organization of storage facilities,

- improvement of rationing,

- improvement of the supply policy of the enterprise.

If the company's management sets a goal to significantly improve the efficiency of the use of current assets and will closely deal with improving the organization of the production process, technology and production technologies, it will be possible to achieve a reduction in the period of working capital in the unfinished production stage , which will have a positive impact on all areas of the organization.

Also, for such an indicator as efficiency of using current assets, it is important not to allow excessive financing of the sphere of circulation, since here circulating assets only help to bring goods, works or services to the public. To do this, it is necessary to rationally organize the sales service, apply modern calculation methods, and observe discipline. If the turnover speed increases, you will certainly free up resources that can be used to meet the current needs of the organization.