지방도시개발공사의 자산회전율 분석

Abstract

The government is proposing to promote structural reform, strengthen financial soundness, strengthen public-private cooperation, and reorganize the management system in the direction of innovation of local public institutions. In order to strengthen financial soundness, this study analyzed the asset turnover rate over the past 10 years for local development corporations, which account for the largest proportion among local public enterprises, and the analysis results are as follows. First, the asset turnover rate of the urban development corporation is relatively low compared to that of domestic private companies or foreign similar companies. Second, the performance of asset turnover by type is the highest return on equity, followed by non-current asset turnover, current asset turnover, and total asset turnover ratio. Third, as a result of dividing metropolitan cities and metropolitan provinces, it was analyzed that the level of turnover ratios in metropolitan provinces was relatively higher than that of metropolitan cities in all asset turnover indicators. Therefore, it is necessary to develop and apply an indicator to determine whether equity capital is undevervalued in relation to equity capital turnover ratio, and consider increasing the weight of management evaluation on the total asset turnover index. It is necessary to strengthen measures to utilize cashable assets in various ways, and to verify whether asset turnover indicators are efficiently managed in mid-to long-term financial management plans in management evaluation indicators.