Formation of normative values of receivables due to coke industry facilities

Unlike other elements of the working capital of a commercial organization, accounts receivable often show significant changes, both during the analyzed period also in dynamics. Its size is significantly affected by the microenvironment of the enterprise, and the financial policy adopted by the company regarding partners when selling products. At its core, receivables represent the immobilization of the organization’s financial resources. As a result, the company’s management is faced with the task of reducing it, on the other hand, when switching to full prepayment, you can lose customers and get a negative impact on the competitiveness of the organization. In the presented work, the authors made an attempt, using the methods of financial calculations, to substantiate the normative values of receivables of a commercial enterprise, taking into account industry specifics. The analysis was carried out for the largest enterprises of the coke industry. The fundamental idea of the study is the following: the effectiveness of the use of financial resources invested in the formation of receivables should be achieved by minimizing the advanced capital, while achieving maximum financial results in the activities of a commercial enterprise...