ФІНАНСУВАННЯ ОБОРОТНИХ АКТИВІВ ПІДПРИЄМСТВ ТОРГІВЛІ УКРАЇНИ: ТЕНДЕНЦІЇ РОЗВИТКУ ТА ФАКТОРИ ВПЛИВУ

Abstract

Current assets management is based on a dualistic approach that combines planning the required amount of current assets and finding sources of funding. The latter component plays an important role in the performance of the enterprise as a whole, because the financing of current assets is based on the financial structure of the capital of enterprise as a whole and its financial condition. Provision of the enterprise of trade with own financial resources for financing of current assets provides increase of its economic and financial safety. The study of this issue is relevant for trade enterprises, whose current assets are the main operating resource. The study of the state of financing of current assets will allow us to conclude on the effectiveness of the use of financial resources that provide the operational activities of trade enterprises. The article used a combination of methods and approaches that allow implementing system-conceptual integrity of the study: statistical, analysis and synthesis, comparison and generalization, induction and deduction. The purpose of the article is to identify current trends in the process of financing current assets of trade enterprises of Ukraine and the reasons for their occurrence. The analysis revealed a low level of provision of trade enterprises of Ukraine with working capital. The reasons for this state of financing current assets are the low level of use by large enterprises of their own financial resources to finance current assets. The level of ensuring the current activity of enterprises with trade in working capital is most affected by changes in sales, net profit, equity and changes in the discount rate of the NBU. As the results of the questionnaire showed, the level of providing their current activities with working capital is also influenced by the size of the enterprise, its specialization, and type of trade and so on. The identified trends and factors of influence will allow building a method of optimizing the structure of sources of financing current assets. Further research on this issue will concern the determination of the optimal policy of financing current assets taking into account certain factors of influence for trade enterprises of Ukraine.