THE DEVELOPMENT OF A MODEL FOR FACTOR ANALYSIS OF THE CASH FLOW EFFICIENCY OF AN ENTERPRISE

The paper deals with the issue of improving the methodology to analyze the activity of enterprises. The author justifies the usefulness of studying the company cash flows. The study proves that one of the key performance indicators of the company activity is the cash flow parameter. Based on the application of direct deterministic analysis, a model of factor analysis of cash flow efficiency has been developed. The cash flow efficiency model is based on the indicators of author’s matrix of ratio analysis of the company cash flow, including the amount of total cash inflow, the amount of cumulative cash outflow, the amount of net cash flow, the balance of the company cash, the amount of short-term debt of debtors, the amount of current credit debt, and the amount of the company working assets. By expanding the factor system, the author developed the model of cash flow factor analysis in the multiplicative form. Successive iterations have resulted in a five-factor model, which allowed evaluating the impact of the ratio of net replenishment cash assets, cash inflow ratio, the rate of debts receivable collection, the liquidity ratio of prospective cash flow, and the ratio of current cash payments on the efficiency of the company cash flow. The application of the factor system extension method allowed evaluating the influence of the net cash flow structure on the cash flow efficiency. The proposed model was tested on the materials of the Crimea Soda Plant. The authors checked the impact of factors on the efficiency of the cash flow of the Crimea Soda Plant, which ensured the formation of the information base for the development of management decisions.

cash flow of an enterprise, cash flow efficiency, factor analysis, current transactions, investment activities, financial activity, JSC Crimea Soda Plant, JSC CSP