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

Kropivšek, Jože (author), Grošelj, Petra (author)

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.

• Language: English
• Keywords: financial analysis, financial indicators, wood industry, Slovenia, DEA, t-test
• Typology: 1.01 - Original Scientific Article
• Organization: BF - Biotechnical Faculty
• Publication version: Version of Record
• Year: 2019
• Number of pages: Str. 61-70
• Numbering: Vol. 70, iss. 1
• PID: 20.500.12556/RUL-114193
• UDC: 630*7
• ISSN on article: 0012-6772
• DOI: 0.5552/drvind.2019.1810
• COBISS.SI-ID: 5367462
• Publication date in RUL: 19.02.2020

Record is a part of a journal

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

Secondary language

• Language: Croatian
• Title: Dugoročna financijska analiza slovenske drvne industrije primjenom metode DEA
• Keywords: finančna analiza, finančni indikatorji, lesna industrija, Slovenija, analiza podatkovne ovojnice, DEA