Comparative analysis of performance indicators of the entities from wood processing field

Abstract

One way of making as efficiently as possible the historical data from accounting is the comparative analysis, the comparative computation, also conducting a study of the dynamics of the researched problem. From this point of view, we distinguish two types of approaches: in time and in space. Thus, the comparative analysis over time aims to investigate the dynamics of the phenomenon, process or of the researched sizes at the level of the enterprise or at a hierarchically superior level, and the comparative analysis in space addresses the evolution of two or more economic entities operating in the same field of activity, this type of analysis having the role of generalizing the achievements achieved in one field of activity. Starting from these aspects, only with the help of these can be highlighted the influences related to: the geographical position of the economic entities, the technical endowment and the technological processes, the volume and the range of production. Regarding the performance of an economic entity, we can say that it is performing, if it is profitable, liquid or able to pay its due debts in the short-term and solvent, which makes it able to pay its due debts long term. The applicative approach of the paper is based on a comparative study that will highlight the analysis of the financial performance of two economic entities in the field of wood processing through the following pertinent indicators in assessing the performance of economic entities: profitability, liquidity and solvency. JEL:M 41