Analysis of the business performance of PFE „Šume Republike Srpske“ JSC Sokolac in the period from 2013 to 2022
DOI:
https://doi.org/10.63356/gsf.2025.010Keywords:
biological investments, business efficiency, business performance indicators, net profit, Public forestry enterpriseAbstract
Forestry in the Republic of Srpska plays a significant economic, ecological, and social role within the framework of sustainable management of natural resources. Based on the fact that forests cover more than half of the territory of the Republic of Srpska, the subject of this paper is the analysis of the economic and financial performance of the Public Forestry Enterprise „Šume Republike Srpske” JSC Sokolac in the period 2013–2022. The aim of the research was to assess the level of cost-effectiveness, liquidity, indebtedness, and profitability of the enterprise, as well as to identify the main factors influencing business efficiency. The research is based on the analysis of production and financial plans and their implementation reports, using a combination of descriptive, comparative, and analytical methods. Special attention was given to the analysis of the structure of revenues and expenditures, as well as to indicators of cost-effectiveness and profitability that reflect the financial condition and development potential of the enterprise.
The results indicate that the Public Forestry Enterprise „Šume Republike Srpske” JSC Sokolac operated stably but with limited profitability and increasing operating costs. The largest share of revenue is generated from the sale of forest assortments, while additional sources of income, such as the sale of non-wood forest products and the implementation of biological investments, remain underdeveloped. The analysis of expenditures shows that labor costs and wood assortment extraction costs have a dominant share in total expenses, highlighting the need for greater rationalization and efficiency.
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