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Performance Measurement and Characterization of Financial Indicators of Agricultural Companies in Romania

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  • Maria Petronela Aron

    (West University of Timisoara)

Abstract

The performance consists of the efficiency and effectiveness with which the resources are consumed. The results are generated to ensure the development of the sphere of interest of the organization. The financial indicators provide a fundamental basis for analyzing the performance and evaluating the company's financial health. The paper's objective is to identify the characteristics of agricultural companies in terms of financial indicators. The indicators used in this paper are Accounting Value and financial indicators: Return on Assets (ROA), Return on Equity (ROE) and Return on Sales (ROS). We conducted qualitative research using descriptive analysis, correlation matrix and covariance analysis. The sample consists of 203 agriculture companies with more than 5,000,000 lei turnover in 2018-2020. The data were analyzed from the financial reports. The predominant activity was cultivation of cereals (excluding rice), leguminous plants and oilseed plants, with 181 companies. There was a positive correlation between all the analyzed indicators. The closest correlation was between ROA with ROE and ROS, and ROE with ROS, and the lowest coefficients were between AV and financial performance indicators.

Suggested Citation

  • Maria Petronela Aron, 2021. "Performance Measurement and Characterization of Financial Indicators of Agricultural Companies in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 928-934, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:928-934
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    More about this item

    Keywords

    Accounting value; Agriculture; financial indicators; performance;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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