Petroska Angelovska, Neda and Takovska, Marija and Serafimova, Mimoza (2017) Possibilities for improvement of profitability of enterprises in tourism industry in the Republic of Macedonia. Economic Development, Journal of the Institute of Economics - Skopje, 19 (3/2017). pp. 51-60. ISSN 1857-7741
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POSSIBILITIES FOR IMPROVEMENT OF PROFITABILITY OF ENTERPRISES IN TOURISM INDUSTRY IN THE REPUBLIC OF MACEDONIA.pdf Download (790kB) | Preview |
Abstract
This paper treats issues related to profitability of enterprises in tourism
industry in the Republic of Macedonia. The aim is to calculate financial ratios
for assessment of profitability level in tourism industry and to analyze them.
Profitability is very important in determining the success or failure of
a business for enterprises at whole, as well as for the enterprises in tourism
industry. Higher values of profitability ratios indicates that operation of the
enterprise is more efficient. It is obvious that profitability depends on many
factors as: size of the enterprise, experience in the business, it’s debts, leverage
level, working capital utilization, inventory etc. The trend of these factors
can serve as a guideline for planning of the increased workload or additional
capital investment.
Financial analyze from theoretical and practical aspect identifies
many indicators for measurement of enterprise profitability. In that context,
for the aim of this paper key ratios of profitability are estimated for enterprises
in Macedonian tourism industry.Key words: profitability, tourism industry, financial statements,
enterprises, Republic of Macedonia.
JEL Classification: M21; G32;Z3
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Mimoza Serafimova |
| Date Deposited: | 07 Feb 2018 14:48 |
| Last Modified: | 07 Feb 2018 14:48 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/19388 |
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