Current asset management in the enterprise

Turnover ratio	Calculation	2005	2006	2007	2008
2009
Revenues from sales	R	174 518	224 694	231 177	300 786	273 712
Rate of turnover of current assets	d3=R/CA	4,77	3,27	2,3	2,78	3,12
Rate of turnover in inventories	d4=Сosts/Reserves	12,13	19,54	9,74	16,13	14,03
The average time of turnover of accounts receivable	d5=365/d6	35,64	84,69	89,02	99,46	96,82
Accounts receivable turnover	d6 = В/(LTAR+STAR)	10,24	4,31	4,1	3,67	3,77
The average time of turnover of material resources	d7=365/d4	30,09	18,68	37,47	22,63	26,02
Duration of turnover of accounts payable	d9=365/d8	74,19	120,07	82,77	142,58	97,07

Turnover ratio reflects the turnover rate of the material resources of the company during the analyzed period (how many rubles of turnover (revenue) account for every ruble of this type of asset).

Turnover of current assets or rate of turnover is a key indicator of the effectiveness of management, business activities and organization. Ratio characterizes the efficiency of use of all current assets, regardless of the source of their involvement, shows how much money units of products sold brought each monetary unit of current assets. In 2007-2008, the company increased revenue, but nonetheless turnover ratio of current assets has not increased. This is due to an increase in the average period of accounts receivable turnover. In 2008-2009, it was more than 3 months.
Inventory turnover ratio shows number of turns of reserves and expenses for the period analyzed. Ratio indicates the rate at which stocks move into the category of receivables resulting from the sale of finished products. Slow inventory turnover indicates the presence of obsolete stocks. Over the period 2007-2009 average period of turnover in inventories tended to decline, despite the fact that in 2009 supply of raw materials and increased.
Accounts receivable turnover indicates its rate of turnover. The term of receivables turnover indicates how many days on average takes debt repayment. At the end of 2009 term of turnover of receivables was 97 days. This figure increased by 2.7 times compared with 2005 despite the fact that revenues from sales for the period increased by only 1.6 times. This negatively characterizes the activities of the company.
Capital in process of production include: work in progress, semi-proper development and deferred expenses. Consider future expenditures:
Table 2.3.2. Proportion of future expenditures