Peculiarities of Interrelation of Receivables and Payables with Revenue and Profitability of Sales in Agricultural Organizations

Issue № 6, 2022, article № 7, pages 65-71

Section: Economic mechanism of managing

Language: Russian

Original language title: ОСОБЕННОСТИ ВЗАИМОСВЯЗИ ДЕБИТОРСКОЙ И КРЕДИТОРСКОЙ ЗАДОЛЖЕННОСТЕЙ С ВЫРУЧКОЙ И РЕНТАБЕЛЬНОСТЬЮ ПРОДАЖ В СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЯХ

Keywords: AGRICULTURAL ENTERPRISE, CURRENT ASSETS, RECEIVABLES, ACCOUNTS PAYABLE, PROFITABILITY, UNSTABLE CONDITIONS

Abstract: The article tests the hypothesis about the influence of the size of an agricultural enterprise on the use of accounts payable and receivable as instruments of financial policy. It is often found in the scientific literature that accounts payable and receivable should approximately match in size. This is what happens in normal business development. The situation changes in unstable conditions. To test the hypothesis, 3222 agricultural enterprises engaged in growing plants, breeding animals, etc. were selected in the SPARK-Interfax. The time horizon of the analyzed data is 5 years. Further, the profitability of agricultural products, the growth rate of accounts payable and receivable, as well as their ratio to revenue separately for micro, small, medium and large enterprises were calculated. It is shown that, despite the fact that receivables are a potential source of financing for large agricultural enterprises, there is also an accelerated growth in accounts payable. In this case, the share of borrowed funds provided as state support to such enterprises is directed to lending to other enterprises. According to the results obtained, the balance between both types of debts is not achieved for small and large enterprises. Lack of balance is a negative point in settlement relations; it leads to deterioration in financial relations with counterparties and a weakening of the financial and economic situation in agriculture as a whole.

Authors: Sofina Anastasiia Andreevna, Semenova Evgeniia Nikolaevna