E3S Web Conf.
Volume 124, 2019International Scientific and Technical Conference Smart Energy Systems 2019 (SES-2019)
|Number of page(s)||5|
|Published online||10 February 2020|
Key performance indicators of major companies: a study on Russian metallurgical industry
Russian Presidential Academy of National Economy and Public Administration, North-West Institute of Management, 199178 Saint Petersburg, Russia
2 Baltic State Technical University “VOENMEH” named after D.F. Ustinov, Philosophy Department, 190015 Saint Petersburg, Russia
3 Baltic State Technical University “VOENMEH” named after D.F. Ustinov, Organization Management Department, 190015 Saint Petersburg, Russia
* Corresponding author: firstname.lastname@example.org
The development of the metallurgical industry requires investing in the environmental safety of processes and technologies of metal processing, as well as to the measures aimed at energy costs reduction. We will look at the economic impact of reducing production costs by saving resources and improving the efficiency of the energy complex. The financial effect of reducing energy consumption per unit of production can be achieved by optimizing the purchase of energy resources, modes of operation of technological and support equipment, improving the management of the company’s energy complex. The article examines the most important indicators of the operating and financial activities of the three companies in the steel industry—Novolipetsk and Magnitogorsk Metallurgical Plants, as well as Severstal PJSC. The financial stability of these companies and the agility of their capital are quite high, and their fixed assets are financed by their own funds. Companies are also financially stable in the short term, as evidenced by the high current liquidity ratios (2 and above), and their own capital exceeds borrowing by 1.5 to 2 times. Thus, we can conclude that they are operationally efficient and have good financial sustainability in the short and long term.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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