Development of Tools for Factor Analysis of the Profitability of the Organization’s Assets

Return on assets is an integral indicator that characterizes the efficiency of using an organization’s property, which determines the need to identify reserves for its improvement, and this, among other things, is possible in the process of applying factor analysis. However, traditional models of return on assets do not reflect the specifics of organizations’ activities, which determines the conduct of factor modeling and the development of new factor models. The purpose of this work is to develop tools for factor analysis of the profitability of an organization’s assets and to develop a new model of profitability of assets that takes into account the specifics of the activities of power generating organizations. Quantitative and qualitative methods were used to achieve this goal. Qualitative methods included analogy and comparative analysis, which made it possible to identify the specifics of the activities of power generating organizations. Quantitative methods covered the methods of economic analysis: horizontal, vertical, factorial, coefficient. The use of modeling made it possible to form a new five factor asset profitability model. The use of tabular and graphical methods made it possible to visualize the results of the study. Among the identified specific factors for electric generating companies, it is worth noting the specific operating costs, capacity potential and capacity utilization factor. The results obtained can be used by power generating organizations in the process of managing the efficiency of their assets.