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Financial Indicators Of The Cement Industry In Croatia

Author

Listed:
  • Sanda Rasic Jelavic

    (University of Zagreb)

  • Iva Brkic

    (PP Orahovica d.o.o.)

  • Antonija Kozul

    (University of Zagreb)

Abstract

This paper presents financial ratio analysis of the cement industry and its comparison to non-metal mineral product (NMP) industry and the Croatian economy. Activity, productivity, profitability and debt ratios are analyzed for 2013 and liquidity and performance ratios are analyzed for the period from 2009 - 2013. Profitability and productivity ratios show higher values in the cement industry as compared to the Croatian economy and NMP industry. Total asset turnover ratio is lower in the cement industry than that of the Croatian economy and NMP industry while other activity ratios show higher values. Debt level of cement industry is lower compared to the Croatian economy average but maturity structure of funding sources is inadequate. In the period from 2009 to 2012 liquidity of the cement industry was higher than the liquidity of the Croatian economy as a whole and in the period between 2010 and 2011 it was also higher than that of NPM industry. Performance ratios in cement industry are low.

Suggested Citation

  • Sanda Rasic Jelavic & Iva Brkic & Antonija Kozul, 2016. "Financial Indicators Of The Cement Industry In Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 25(2), pages 565-586, december.
    • Handle: RePEc:avo:emipdu:v:25:y:2016:i:2:p:565-586
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    File URL: https://hrcak.srce.hr/index.php/clanak/252986
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    Cited by:

    1. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Veronika Machova, 2022. "COVID-19 Pandemic and Its Impact on Challenges in the Construction Sector: A Case Study of Slovak Enterprises," Mathematics, MDPI, vol. 10(17), pages 1-20, September.

    More about this item

    Keywords

    cement industry; financial ratios; Croatia;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

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