Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-05-157-22
DOI: https://dx.doi.org/10.15863/TAS.2026.05.157.22
Language: Russian
Citation: Otto, O.E., & Yetkareva, S.D. (2026). Factor assessment of the investment attractiveness of Uzbekneftegaz JSC in the context of changes in profitability and debt burden. ISJ Theoretical & Applied Science, 05 (157), 345-352. Soi: https://s-o-i.org/1.1/TAS-05-157-22 Doi: https://dx.doi.org/10.15863/TAS.2026.05.157.22 |
Pages: 345-352
Published: 30.05.2026
Abstract: The purpose of the article is to factor assess the investment attractiveness of Uzbekneftegaz JSC for 2019-2024. The methodological basis of the study is a seven-factor model of return on assets, supplemented by the method of chain substitutions, dynamic analysis of profits, assets and capital structure. According to the calculations, it was found that in 2024 the return on assets recovered to 0.0375 against 0.0044 in 2023, while the return on sales was 0.15, the turnover of current assets was 3.19, and the share of borrowed capital in assets was 0.51. The scientific novelty of the work lies in the application of the decomposed ROA model to a national oil and gas company, highlighting the contribution of profitability, liquidity, settlement structure and debt burden. The practical significance of the results is to identify ways to increase investment attractiveness through improving the quality of profits, managing current assets and controlling debt burden.
Key words: seven-factor ROA model, turnover of current assets, capital structure, chain substitution method, liquidity, accounts receivable, accounts payable, debt burden.
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