Methodological aspects of analyzing the composition, structure and efficiency of use of non–current assets of trade enterprises

Relevance of the research topic. The issue of studying the condition and sufficiency of non–current assets, especially their tangible part, is relevant in the context of Russia’s full–scale invasionof Ukraine, since a significant number of fixed assets can (and do) suffer significant damage anddestruction as a result of bombing, even in regions remote from active hostilities.The subject of the study methodological framework for the financial analysis of non–currentassets in the trade sector.The purpose of the study is to substantiate and test the appropriate tools for analyzing thecomposition, structure and efficiency of the use of non–current assets of trade enterprises, takinginto account the specifics of doing business during the period of intensified hostilities.Research methods. A set of general scientific and special methods was used: observation,description, analysis, synthesis, comparison and generalization of data.Results of the study. The article considers methodological aspects of analyzing the composition,structure and efficiency of use of non–current assets of a trade enterprise. The proposed methods ofanalysis are tested on the materials of ATB–Market LLC, in particular, a factor analysis of the influenceof the factors of capital productivity and profitability of sales on the effective indicator of the return onfixed assets is carried out, and a model of efficiency of use of intangible assets is applied. An analysis ofstatistical data on the industry in terms of assessing the status, sufficiency, and efficiency of the use ofnon–current assets by enterprises in the field of trade is carried out, as well as a comparative analysisof the data of the object of study ATB–Market LLC. Specific indicators of efficiency of the use of retailspace by enterprises, which represent an important component of fixed assets of trade enterprises,have been outlined. An algorithm for analyzing the composition, structure and efficiency of use of non–current assets of trade enterprises in the current conditions of martial law is proposed.Field of research. Empirical corporate finance, enterprise finance, financial analysis, budgeting.Conclusions. It is established that a factor analysis of the efficiency of use of fixed assets shouldbe carried out in the context of the influence of the factors of capital productivity and profitability ofsales on the resulting indicator of profitability; and the efficiency of use of intangible assets using the model of Additional Return on Intangible Assets Invested, as well as the model, which, in the absenceof information on the profit received from the use of an intellectual product, is proposed for use byexternal financial analysts. It is noted that specific indicators characterizing the efficiency of use ofretail space and warehouses are of particular value in a comprehensive study of non–current assetsof trade enterprises. As a result of the sectoral analysis of non–current assets, it is found that thestructural share has increased in investment property and capital investments in progress, whichindicates a reorientation of enterprises in the industry to receive rental payments, as opposed to theproduction of goods and services. There is also a negative trend toward an increase in the depreciationrate and a decrease in the serviceability rate, which may affect the quality of business.