Methods for Assessing the Economic Security of Enterprises: The Example of the Textile Industry in Uzbekistan

Abstract

This chapter assesses the economic security of enterprises on the example of the textile industry of Uzbekistan. The authors considered the ways to identify new textile enterprises in Uzbekistan and studied the issues related to the enterprises' financial security. The process of index formation and its dependence on the initial data is also of interest. Given that the level of receivables turnover is gradually decreasing, we can assume that the company's customers will accumulate late payments and return them near the end of the financial year. This situation can increase liquidity indicators, which shows the low efficiency of the system for managing accounts with customers and the lack of working money during the financial year. This hypothesis is also confirmed by the decrease in the capital ratio during the period analyzed. The proposed methodology was tested in the automated Microsoft Excel, which made it possible to quickly and efficiently form the final calculated indicator. In addition, this methodology allows users to expand the range of inputs and double-check other factors depending on market conditions.

Citation

Burkhanov, A.U., Tursunov, B.O. and Shamsitdinova, K.M. (2024), "Methods for Assessing the Economic Security of Enterprises: The Example of the Textile Industry in Uzbekistan", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 115-122. https://doi.org/10.1108/S1877-63612024000033B015