PROFITABILITY ANALYSIS OF APPLE PRODUCTION IN THE REPUBLIC OF SERBIA

Abstract

The subject of this paper is profitability analysis of apple production in the Republic of Serbia. The financial profitability analysis was performed in companies operating in the territory of Vojvodina, Central and Eastern Serbia. This analysis was performed through the calculation of liquidity and profitability ratios. In the Republic of Serbia, 26658 hectares have apple orchards, which indicates that the cultivation of this fruit is highly represented. The aim of this paper is to determine whether apple production is a profitable activity in the Republic of Serbia, selecting three companies based on the analysis of profitability ratios.

Downloads

Download data is not yet available.

References

1. Abbas, D. (2019). Activity Ratio influence on Profitability (At the Mining Company Listed in Indonesia Stock Exchange Period 2010-2013), 48-69. doi: https://doi.org/10.17605/OSF.IO/7G2VP
2. Serbia Business Register Agency, financial statements of companies “Ćirić Agro mđž doo“ „Greeny Aranđelovac“, „Terra Optima“, Retrieved from https://www.apr.gov.rs/%D0%BF%D0%BE%D1%87%D0%B5%D1%82%D0%BD%D0%B0.3.html (April 01, 2020).
3. Agroclub of the Republic of Serbia, Retrieved from https://www.agroklub.rs/vocarstvo/jabuka-zahteva-ulaganja-ali-ima-dobre-prinose-i-kvalitet-ploda/43786/ (May 25, 2020).
4. Adjirackor, T., Asare, D., Asare, F., Gagakuma, W., & Okogun Odompley, J. (2017). Financial Ratios as a Tool for Proftability in Aryton Drugs. Research Journal of Finance and Accounting, 8(1), 1-10.
5. Alshatti, S. (2015). The Effect of the Liquidity Management on Profitability in the Jordanian Commercial Banks. International Journal of Business and Management, 10(1), 62-71. doi: https://doi.org/10.5539/ijbm.v10n1p62
6. Crassweller, R.M., Kime, L.F., & Harper, J.K. (2017). Apple production, Agricultural Alternatives Series, Penn-State Extension, Pennsylvania State University, University Park, USA, 1-12, Retrieved from https://extension.psu.edu/appleproduction (August 24, 2020).
7. Draganac, D. (2016). Comparative analysis of functional producers’ Profitability in Serbia- a leader- follower relation. Economics of Agriculture, 63(2), 547-566. doi: https://doi.org/10.5937/ekoPolj1602547D
8. Grujić, B., Roljević Nikolić, S., & Subić, J. (2020). Tendencies of plant production in the Republic of Serbia and at the level NUTS 1. Journal of Agricultural Sciences, 65(1), 69-84. doi: https://doi.org/10.2298/JAS2001069G
9. Ivanović, L., & Jeločnik, M. (2009). Analysis and Planning of Apple Production As Factor of Rural Development Support. Economic Analysis, 42(3-4), 78-85.
10. Jeločnik, M., Subić, J., & Kovačević, V. (2019). Konkurentnost prerade jabuke. Ekonomika, 65(4), 41-51. doi: https://doi.org/10.5937/ekonomika1904041J
11. Keserović, Z. (2004). Savremene tendencije u proizvodnji jabuke i kruške, Zadružni savez Vojvodine, Novi Sad. (Contemporary tendencies in apple and pear production, Cooperative Association of Vojvodina, Novi Sad).
12. Kudová D., & Chládková, H. (2008). Barriers to the entry into the fruit producing industry in the Czech Republic. Agricultural Economics – Czech, 54, 413–418. doi: https://doi.org/10.17221/2700-AGRICECON
13. Khushboo, S. (2018). Top Apple Producing Countries in the World, Portal of Worldatlas, St. Laurent, Canada, Retrieved from https://www.worldatlas.com/articles/topapple-producing-countries-in-the-world.html (August 24, 2020).
14. Lukač Bulatović, M., Vukoje, V., & Milić, D. (2017). Economic indicators of the production of important fruit-specifc species in Vojvodina. Economics of Agriculture, 64(3), 973-985. doi: https://doi.org/10.5937/ekoPolj1703973L
15. Lukač Bulatović, M., Nikolić Đorić, E., & Đurić, K. (2019). Analysing and forecasting trends in the apple production in Serbia. Journal on Processing and Energy in Agriculture, 23(1), 27-31. doi: https://doi.org/10.5937/jpea1901027L
16. Maksimović, B. (2018). Proizvodnja i izvoz voća i prerađevina iz Srbije: stanje međunarodni faktori uspeha, Institut za ekonomiku poljoprivrede, Beograd.
17. Milić, D., & Lukač Bulatović, M. (2005). Stanje i tendencije proizvodnje voća u Srbiji, Poljoprivredni fakultet, Departman za ekonomiku poljoprivrede i sociologiju sela, Novi Sad.
18. Ministry of Agriculture, Forestry and Water Economy of the Republic of Serbia, Retrieved from http://www.minpolj.gov.rs/dokumenti/izvestaji-sa-trzista/ (April 11, 2020).
19. Mitrović, A., Knežević, S., & Veličković, M. (2015). Ratio analysis specifics of the family dairies’ fnancial statements. Economics of Agriculture, 62(4), 1061-1078. doi: https://doi.org/10.5937/ekoPolj1504061M
20. Statistical Office of the Republic of Serbia, Retrieved from https://www.stat.gov.rs/ (April 04, 2020).
21. Pešić, B. (2020). Analysis of organic livestock and crop production in Serbia. Ecologica, 27(98). 195-202.
22. Sojkova, Z., & Adamičkova, I. (2011). Evaluation of economic efficiency of the orchard’s investment project with respect to the risk. Agricultural Economics – Czech, 57(12), 600-608. doi: https://doi.org/10.17221/104/2011-AGRICECON
23. Stošić, I., & Domazet, I. (2014). Analiza konkurentnosti poslovanja i potencijali rasta privrede Srbije u periodu svetske krize. Teme: časopis za društvenu teoriju i praksu, 38(2), 491-506.
24. The Food and Agriculture Organization of the United Nations (FAO), Retrieved from http://www.fao.org/faostat/en/#data/QC (April 05, 2020).
25. The Association of Agricultural Journalists, Retrieved from http://www.agropress.org.rs/cir/rubri/biljn-pr-izv-dnj/v-c-rs-v-i-vin-gr-d-rs-v/item/5057-krediti-za-mlade-poljoprivrednikeevo-koja-proizvodnja-je-najisplativija?fbclid=IwAR1y4Egl-3bJk2bXnZHz6BZ_-GE3GQgyaByaTmFB5mX4_GrQyemPpWTTJPk (May 25, 2020).
26. Tomašević, S., Jović, Z., & Vlaović-Begović, S. (2019). Uticaj veličine preduzeća na proftabilnost poljoprivrednih preduzeća u Republici Srbiji. Journal of Agricultural Sciences Belgrade, 64(3), 293-302. doi: https://doi.org/10.2298/JAS1903293T
27. Vuković, B., & Jakšić, D. (2019). The effect of Working Capital Management on Proftability: Evidence from Southeast Europe. Economics of Agriculture, 66(1), 159-172. doi: https://doi.org/10.5937/ekoPolj1901159V
28. Vuković, B., Pjanić, M., & Kalaš, B. (2018). Analiza likvidnosti poljoprivrednih preduzeća AP Vojvodine. Anali Ekonomskog fakulteta u Subotici, 54(39), 205-217.
29. Šoškić, M. (2008). Savremeno voćarstvo, Beograd. (Contemporary fruit growing, Belgrade).
Published
2020-09-29
How to Cite
PAVLOVIĆ, Miloš; RADOIČIĆ, Jovana D; MILANOVIĆ, Miloš. PROFITABILITY ANALYSIS OF APPLE PRODUCTION IN THE REPUBLIC OF SERBIA. Economics of Agriculture, [S.l.], v. 67, n. 3, p. 817-830, sep. 2020. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/1770>. Date accessed: 30 oct. 2020. doi: https://doi.org/10.5937/ekoPolj2003817P.
Section
Original scientific papers