Efficiency of using working capital. Economic essence, coefficients

Any enterprise has a certain stock of working capital. They consist of (SOE in a warehouse, shipped products, etc.) and circulating production assets (materials, both basic and auxiliary, raw materials, objects of labor, which are consumed in one and therefore their value is transferred to the goods and services produced at once) ...

The effectiveness of the use of working capital is due to a variety of factors. If the internal ones are directly dependent on the activities of the organization itself, then the external ones exert their influence regardless of the interests of the company, its activities. These include:

The economy of the country as a whole;

Features of legislation, in particular, tax;

Interest rates on loan products and conditions for their receipt;

Taking into account these features, the management of the enterprise can draw up the most optimal plan for the rational use of its own resources.

The effectiveness of the use of working capital is characterized using special indicators-coefficients:

Turnover (Cob).

Duration of 1 turnover in days (Kob / day).

Loading funds in 1 turnover (Kzag / rev).
use is as follows: the more actively the company involves working capital in the production process, the less costs must be incurred for the production of products. This frees up reserves for increasing production volumes, modernizing equipment, introducing new equipment, technologies and other things.

Any enterprise has significant opportunities to increase the efficiency of the use of working capital. If we talk about the sphere of production, then most of the reserves are in stocks. Of course, they are necessary to ensure the continuity of the production process, but at the same time, they are temporarily not involved in production. To organize the effective use of the company's stocks and their reduction, it is necessary to use them rationally. The following activities are also appropriate:

Effective organization of storage facilities,

Improvement of rationing,

Improving the supply policy of the enterprise.

If the management of the enterprise sets itself the goal of significantly improving the efficiency of the use of working capital and is closely engaged in the improvement of technology and production technologies, it will be possible to achieve a reduction in the period of stay of working capital in the stage, which will have a positive impact on all areas of the organization.

Also, for such an indicator as the efficiency of using working capital, it is important not to allow excessive financing of the circulation sphere, since here working capital only helps to bring goods, works or services to the population. To do this, it is necessary to rationally organize a sales service, apply modern calculation methods, and maintain discipline. As the rate of turnover increases, resources will inevitably be freed up that can be used to meet the current needs of the organization.