Long-term financial analysis of the Slovenian wood industry using DEA

Kropivšek, Jože (avtor), Grošelj, Petra (avtor)

Long-term fi nancial analysis is an important tool for assessing the fi nancial position of a company and/or sector. The aim of the research was to analyze selected fi nancial indicators of the Slovenian wood industry in sub-sectors C16 (wood processing - except furniture) and C31 (manufacture of furniture) for the last 10 years (from 2007-2016). The effi ciency evaluation was performed by DEA (Data Envelopment Analysis) window analysis. Other comparisons between two sub-sectors were performed by analysis of time series of fi nancial indicators and by t-test. We have analyzed 40 fi nancial indicators, 15 of which in more detail. Some models, analyzed by DEA method, show relative deterioration in effi ciency in the years 2007-2010, but in most cases effi ciency has increased in recent years. With this, we have proven that the effi ciency of both sub-sectors is improving. For all models, the performance of the sub-sector C16 is better than that of C31. It has been proven by t-test that the difference between these two sub-sectors is statistically signifi cant, as differences of more than half of the fi nancial indicators between the two sub-sectors are statistically signifi cant. Therefore, improvements in profi tability ratios at the company%s level should be done and appropriate measures within the sectoral economic policies should be taken to achieve the conditions needed for greater effi ciency and success.

• Jezik: Angleški jezik
• Ključne besede: financial analysis, financial indicators, wood industry, Slovenia, DEA, t-test
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: BF - Biotehniška fakulteta
• Različica publikacije: Objavljena publikacija
• Leto izida: 2019
• Št. strani: Str. 61-70
• Številčenje: Vol. 70, iss. 1
• PID: 20.500.12556/RUL-114193
• UDK: 630*7
• ISSN pri članku: 0012-6772
• DOI: 0.5552/drvind.2019.1810
• COBISS.SI-ID: 5367462
• Datum objave v RUL: 19.02.2020

Gradivo je del revije

• Naslov: Drvna industrija : scientific journal of wood technology = znanstveni časopis za pitanja drvne tehnologije
• Skrajšan naslov: Drv. ind.
• Založnik: University of Zagreb, Faculty of Forestry and Wood Technology
• ISSN: 0012-6772
• COBISS.SI-ID: 2858754

Sekundarni jezik

• Jezik: Hrvaški jezik
• Naslov: Dugoročna financijska analiza slovenske drvne industrije primjenom metode DEA
• Ključne besede: finančna analiza, finančni indikatorji, lesna industrija, Slovenija, analiza podatkovne ovojnice, DEA