Abstract
Enterprise performance assessment and analysis is a key part of business management. The quantification of the impact of the relevant analytical indicators, which determining the overall profitability of the business entity, is the basis for an appropriate interpretation of the financial indicators. The aim of this paper is to analyze the financial indicators of the Tesla, Inc. that is the company operating in the electrical engineering industry in Slovakia, during the period 2012-2016. The absolute and the relative impacts of the analytical factors on the economic criterion of efficiency, were compared by using the methods of quantifying the influence of determining factors. In addition, the development of company's indicators with indicators for the whole Slovak electrical engineering industry were compared. Company's data were obtained from the Register of Financial Statements of the Slovak Republic; data of the whole industry were obtained from the CRIBIS database. This case study provides information for the financial management of the analyzed company.
Highlights
Enterprise performance assessment and analysis is a key part of business management
The aim of this paper is to analyze the financial indicators of the Tesla, Inc. that is the company operating in the electrical engineering industry in Slovakia
Within the period 2012-2016, we present the development of the financial ratios of the selected items from the balance sheet and the profit and loss statement of this company; and in addition, we look at the impact of factors on the return on equity by applying logarithmic and functional method
Summary
The essence of the financial analysis is the effort to continually evaluate the financial situation of the company. Mentioned authors noted that taking into account the specifics of each of the three rates of return involved in the model, this pattern of factorial analysis provides the opportunity to highlight the factors, which exert a positive or negative influence on ROE. In Slovakia, it is possible to obtain from the CRIBIS database the average values of the financial ratios that can be used to assess the financial situation of the company using, for example, graphic analysis (Jenčová et al, 2016). Taking into account the SK NACE 26 (Manufacture of computer, electronic and optical products) classification, in 2014, based on the mentioned database, the financial indicators of Slovak electrical engineering industry enterprises reached average value of return on equity (ROE) equal to 6.57%, upper quartile was 35.24%, and lower quartile was -10.67%. According to the standardized variable method, this company occupied 19th place within the electrical engineering industry in Slovakia
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