Internal profitability determinants of organic production companies in Republika Srpska

  • Jovana Galić PhD student, University Novi Sad, Faculty of Economics in Subotica, Subotica, Republic of Serbia
Keywords: profitability, organic production, ROA, ratio, financial analysis

Abstract

The aim of this paper is to investigate the internal profitability determinants value and influence on profitability measured by return of assets of organic production companies in Republika Srpska. For this purpose, abbreviated balance sheets of 21 companies engaged in this type of agricultural production in period from 2014 to 2021 were provided. The results showed that the internal determinants of profitability age, liquidity ratio, debt measured by financial leverage, sales growth and capital turnover have a significant impact on profitability. While debt has negative correlation, other determinants have positive correlation.

Published
2024-05-20
How to Cite
Galić, J. (2024). Internal profitability determinants of organic production companies in Republika Srpska. Anali Ekonomskog Fakulteta U Subotici, 60(51), 139-152. https://doi.org/10.5937/AnEkSub2300030G
Section
Original scientific article