Comparison of Enterprises Extracting Building Materials in the Czech Republic

Martin Vaněk,Tomáš Kubica,Jakub Pitřík,Igor Černý

doi:10.35180/gse-2020-0034

Abstract

The article deals with the comparison of mining companies extracting building materials in the Czech Republic. First, the legal form of all companies operating in the selected raw material segment is analysed. Subsequently, the actual comparison of the enterprises is carried out, which includes the most important enterprises of the different raw material groups (brick raw material, dimension stone, building stone, gravel, and sand). Selected companies are compared in the period 2011-2018 using six indicators: ROA, inventory turnover, total debt, immediate liquidity, DHM productivity, net working capital turnover time. The weighted sum method is used for self-evaluation. Indicator weights are determined using the Fuller triangle. The comparison shows that the following companies are the best in the raw material groups: (i) Heluz s.r.o. (Ltd.) (brick clays), (ii) Granit Lipnice s.r.o. (Ltd.) (dimension stone), (iii) EUROVIA Kamenolomy, a.s. (Plc.) (building stone), (iv) Ceskomoravský stěrk, a.s. (Plc.) (gravel and sand). When comparing the companies in the whole building material segment, EUROVIA Kamenolomy, a.s. (Plc.) is the best company, followed by Kamenolomy CR, s. r. o. (Ltd.) and KAMEN Zbraslav (Plc.). The analysis also found that 54.24% of mining companies in the Czech Republic use the legal form of s.r.o. (Ltd.) and 26.69% are public or private limited companies – a.s. (Plc.). It was also found that the mining company with the highest production volume was not in first place in the group based on the comparisons made. Keywords: Building materials; Comparison; Mining company; Ratio indicators. DOI 10.35180/gse-2020-0034

Highlights

The economic development of each state is closely linked to the resources at its disposal
Economic geology, which focuses on mineral deposits, classifies mineral resources into ores, non-metallic minerals and energy raw materials [1]
If we look at the entire construction material segment, it is clear that companies with a large volume of construction stone and gravel and sand are at the forefront

Summary

Introduction

The economic development of each state is closely linked to the resources at its disposal. Economic geology, which focuses on mineral deposits, classifies mineral resources into ores, non-metallic minerals and energy raw materials [1]. The current exploitation of deposits in the Czech Republic focuses exclusively on minerals and energy raw materials. The data of the Czech Geological Survey [2] show that in 2017 energy raw materials accounted for 22.52 % of the total revenues of the branch. The non-metallic minerals occupy a portion of 77.48 %. Non-metallic minerals represent a very heterogeneous group of mineral resources with variable genesis, use, and economic importance in individual industries [3]

Methods

Results

Discussion

Conclusion