Any enterprise has a certain stock of working capital. They consist of circulation funds (GP in the warehouse, shipped products, etc.) and circulating production assets (materials, both basic and auxiliary, raw materials, objects of labor that are consumed in one production cycle, which means that their value is transferred to manufactured goods and all services at once).
The effectiveness of the use of working capital is due to various factors. If internal ones are directly dependent on the activities of the organization itself, then 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 credit products and conditions for obtaining them;
- targeted funding;
- others.
Given 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 by special indicators-coefficients:
- turnover (Cob).
- duration of 1 turnover in days (Kob/day).
- loading funds in 1 turnover (Kzag/rev).
Economic efficiency of the use of working capital is as follows: the more actively an enterprise involves working capital in the production process, the less expenses need to be incurred for the production of products. Thus, reserves are released to increase production volumes, modernize equipment, introduce 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 reserves and their reduction, it is necessary to use them rationally. The following activities are also appropriate:
- efficient organization of warehouse management, - improvement of rationing, -improvement of the supply policy of the enterprise.
scope of the organization.
Also for such an indicator as the efficiency of the use of working capital, it is important not to allow excessive financing of the sphere of circulation, since here working capital only helps to bring goods, works or services to the population. To do this, it is necessary to rationally organize the sales service, apply modern methods of calculation, and observe discipline. If the rate of turnover increases, resources will certainly be freed up that can be used to meet the current needs of the organization.
