Abstract
Historically, construction has always been one of the key sectors for state economic production. It has undergone developments over the years closely related to the world economic situation. The Czech Statistical Office, which processes annual analyses of construction production and describes market development resulting from the analysis of the construction industry deals with the development of economic sectors in the Czech Republic. A set of financial indicators which provide information on the overall market situation is annually published as a part of the research of the Ministry of Industry and Trade of the Czech Republic in the form of a corporate sector financial analysis. The performance of construction companies can be measured by various indicators. The most important performance indicator is the return on sales. This financial analysis ratio is quarterly published as a statistic within the construction sector in the national statistics published by the Ministry of Industry and Trade. The aim of the research described in the article is to compare the performance development of construction companies operating in the South Moravian Region of the Czech Republic. 12 samples of construction companies (4 samples representing the category of small, medium-sized, and large companies) were chosen for comparison. Their return on sales was calculated on the basis of financial statements in the 2013 – 2019 period. This value was plotted in the development trend, which was subsequently compared with the national statistics. The overall comparison of the performance development of construction companies, which was quantified using macroeconomic indicators, was carried out in the South Moravian Region. The macroeconomic indicators of the South Moravian Region were also compared with the national indicators provided by the Czech Statistical Office.
Highlights
The construction industry represents one of the basic building blocks of the state economy
These outputs are updated quarterly. These statistics include the construction industry field with a classification in building construction, civil engineering, and specialized construction activities, it no longer respects the classification of input data, which is taken from the financial statements of construction companies, according to the size categories
Return on sales was determined on the basis of the above-stated formula for each construction company included in the analysis
Summary
The construction industry represents one of the basic building blocks of the state economy. It contributes to the territory development by expanding the infrastructure, creating conditions for economic development, an increasing number of job positions during construction activities in the region. The construction industry in the Czech Republic employs 8% of the total number of employed persons. It provides jobs for foreign minorities, whose employment in the Czech construction industry is currently crucial for the smooth and efficient operation of the construction companies due to the lack of domestic workers. This reflects how the construction industry normally functions in the world. This reflects how the construction industry normally functions in the world. [2]
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