ECONOMIC PROFITABILITY OF AGRICULTURE IN BULGARIA
ECONOMIC PROFITABILITY OF AGRICULTURE IN BULGARIA

Author(s): Oleg Milev
Subject(s): Economy, Agriculture, Accounting - Business Administration
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: profitability; assets; return on assets; agriculture
Summary/Abstract: This article aims to make an analysis and evaluate the factors that influence economic profitability, which could lead to improvement of the financial state of the enterprises in the agricultural sector. The object of study is the return on assets. Known in literature as economic profitability, this factor is important because it provides information about the degree of efficiency by which enterprises exploit their resources. Focusing on the agrarian sector on the basis of selected and summarized statistical data over a period of five years we have opted for a method of studying the direct factors determining economic profitability. To define the strength and direction of change of return on assets we have measured the impact of the efficiency from using non-current assets, turnover of current assets and the influence on the changes of revenue profitability. In conclusion, we describe the main moments and results from the realized studies in this article, by outlining the inferences drawn on the basis of an analysis of the agricultural sector in Bulgaria.

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