Assessment of the Efficiency of Using Financial Resources

Abstract

This article examines the economic essence, significance, and main criteria for assessing the efficiency of using financial resources. The efficient use of financial resources is considered an important factor in ensuring the financial stability, solvency, profitability, and investment activity of business entities. The study analyzes the indicators used in assessing the efficiency of financial resource utilization, including profitability, liquidity, asset turnover, capital efficiency, and cost effectiveness. In addition, the article presents proposals for improving the efficiency of financial resource utilization through the improvement of financial planning, development of the internal control system, cost optimization, and the application of modern financial analysis methods.