Abstract Book of the 7th International Conference on Advanced Research in Management, Economics and Accounting
Year: 2025
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Methods for determining and forecasting the dynamics of working capital in construction enterprises
Dr. Bashar Shirinov, Namig Kazimov, Matanat Aliyeva
ABSTRACT:
The future activity of enterprises depends significantly on the extent to which they are provided with working capital. The lack of working capital hinders the course of secondary production, creates financial difficulties in the enterprise. An excess of working capital leads to a decrease in its turnover rate, diversion of funds from circulation and a decrease in profitability. Therefore, it is of particular importance to correctly determine the need for working capital in the production process and to ensure that production is adequately provided with these funds. In order to determine the dynamics of working capital in the activities of construction enterprises, the article calculates the absolute growth, growth rate, relative growth of completed works in the Ravan construction company for 2017-2023, and analyzes the average indicators that are important in determining the order of dynamics. The author, using the least squares method, established a relationship equation for the dynamics of accounts payable in the “Ravan” construction company for 2011-2023, and based on the development trend, a forecast of accounts payable for 2024 and 2025 was given. Changing levels over time leads to autocorrelation, and in order to detect autocorrelation using the correlation method, fuel and energy costs in the general classification of the “Ravan” construction company for 2014-2023 were compared based on comparative prices for 2010.
Keywords: working capital; correlation coefficient; autocorrelation coefficient; forecast; construction enterprises