IDEAS home Printed from https://ideas.repec.org/p/boh/wpaper/01_2020.html
   My bibliography  Save this paper

Future perspectives of independent pharmacies in the Czech Republic – Comparative analysis of selected financial indicators of independent pharmacies

Author

Listed:
  • Jaroslav Písek

    (Department of Accounting and Finances, Faculty of Economics, University of South Bohemia In České Budějovice)

Abstract

Objectives: To evaluate the performance of independent pharmacies in the Czech Republic based on analysis of the latest available financial data of the sample of pharmacies. Methods: The comparative analysis of pharmacies and their financial indicators in the period from 2013 to 2017 in a randomly selected sample. Results: Randomly selected sample includes nine micro-enterprises; one pharmacy operated in the commercial centre; a polyclinic pharmacy and eight community pharmacies. The company-specific table contains nineteen figures, seven ratios and three growth rates. Conclusion: A review of performance in the independent pharmacy segment based on financial results shows good financial status in most pharmacies examined. Seven companies in the sample have performed very well. Reducing personnel costs in the other two can achieve a balanced or profitable economy. Only one of the pharmacies is over-indebted and threatened by insolvency. The perspectives of operating independent pharmacies seem to be positive based on historical results and expected changes in the near future.

Suggested Citation

  • Jaroslav Písek, 2020. "Future perspectives of independent pharmacies in the Czech Republic – Comparative analysis of selected financial indicators of independent pharmacies," Economics Working Papers 2020-01, University of South Bohemia in Ceske Budejovice, Faculty of Economics.
    • Handle: RePEc:boh:wpaper:01_2020
    as

    Download full text from publisher

    File URL: http://repec.ef.jcu.cz/RePEc/boh/wpaper/01_2020.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Pharmacies; Financial management; Economic competition.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boh:wpaper:01_2020. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Markéta Matějíčková (email available below). General contact details of provider: https://edirc.repec.org/data/efjcucz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.