Assessing the Profitability of the Transport Industry of Ukraine and Ways to Increase It by Intensifying Investment Activities
The article is aimed at assessing the profitability of the transport industry of Ukraine, studying the factors that affect its level, and outlining ways to increase this profitability through the intensification of investment activity. The article explores issues that relate to improving profitabili...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2022-01-01
|
| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2022-1_0-pages-205_210.pdf |
| Summary: | The article is aimed at assessing the profitability of the transport industry of Ukraine, studying the factors that affect its level, and outlining ways to increase this profitability through the intensification of investment activity. The article explores issues that relate to improving profitability and always be relevant to any economic entity. It is noted that carrying out the assessment of the profitability of the transport industry of Ukraine is an urgent issue, because on the basis of the results obtained, it is possible to develop and introduce effective mechanisms to increase its level and development. The factors that affect the level of profitability of transport industry enterprises are specified. Problematic issues for the transport industry are considered, which include: lack of effective investment policy; acute shortage of financial resources for having updated the material and technical base and rolling stock; insufficient level of implementation of innovative methods and technologies in activities. An assessment of the profitability of the transport industry of Ukraine in recent years is carried out, which indicates the presence of destructive occurrences in the industry, which is caused by a number of problems, namely: economic and geopolitical crises in the country; high level of physical and moral wear of main assets. According to the results of the study, ways to improve the development of transport and transport infrastructure of Ukraine and increase its profitability are proposed. It is concluded that in the holistic system of analysis of the efficiency of enterprises in the transport industry, the profitability indicator belongs to a leading place due to the complexity and informativeness of this economic category. And for the intensive development of the industry, investments and innovations are needed to help bring transport services to a new level. |
|---|---|
| ISSN: | 2222-4459 2311-116X |