International Journal of Academic Research in Business and Social Sciences

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The Analysis of The Economic-Financial Indicators of An Economic Entity in The Food Industry

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Through this study, the author aims to reveal the importance of the analysis of economic and financial indicators within an economic entity in the food industry, they practically indicate both the company’s current financial situation and its weak or strong points, depending on which will make the best decisions regarding the company’s activity. The study was carried out during 2020-2022. Also, the economic-financial indicators contribute to the comparison of the company’s situation, with that of other similar companies in the same field of activity or in the entire national economy and reporting to the direct, internal and external competition through the prism of sales, profitability, financial health or the company’s position within the national economy. At the same time, the analysis of economic and financial indicators contributes to the control of the company’s stability and the choice of an optimal commercial strategy, as well as to the measurement of the efficiency of the company’s activity. Any indicator analysed in isolation conveys a small amount of information, and in order for an analysis based on indicators to be relevant and effective, it must be carried out by comparison with the previous evolution, with the established target as well as with the market on which the company operates. The paper ends with the author’s conclusions regarding the significance of the analysis of economic-financial indicators within the company and all economic entities at the level of the entire economy.
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