Statistical Analysis of Financial Results of Dairy Production Organizations of the Altai Territory

Currently observed significant differentiation of organizations involved in dairy products production in the Altai Territory in terms of financial results and the amount of property determines their development prospects, sources and cost of attracted financial resources and opportunities for formation of an optimal capital structure. Under these conditions it is important to identify the main trends in the formation and use of financial resources of dairy production organizations, taking into account market conditions in the dairy products market.

The purpose of the study is a statistical assessment of the formation of financial results of organizations specializing in the production of dairy products, considering the observed processes of capital concentration. The authors specify that the main contribution to the formation of the balanced financial result of the dairy industry organizations in the Altai Territory is made by entities specializing in the production of cheese and cheese products, drinking milk and cream. The results of the statistical grouping made it possible to determine that for all types of economic activity in the groups of organizations there were both profitable and unprofitable entities with a fairly high differentiation in terms of revenue level. At the same time decrease in profitability of all types of products is the main factor in reducing products profitability level in 2019–2021. The impact of the change of cost of sales structure by entities of various types of economic activity on profitability was positive but not significant. Entities differ significantly in terms of current assets turnover, and the general slowdown in the current assets turnover in 2019–2021 led to additional involvement of funds in turnover. The government bodies taking into account the results of the study in their activities will allow them to increase the effectiveness of monitoring the efficiency of the use of financial resources of economic entities, as well as to justify the feasibility of preferential lending to dairy industry enterprises depending on their specialization.

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