Analysis of profitability of production of enterprises in the field of transportation and storage of the Irkutsk region

The purpose of entrepreneurial activity is not only to make a profit, but also to ensure high profitability of economic activity. Unlike the absolute profit indicator, profitability is a relative indicator and reflects the degree of profitability of the company. Profitability acts as an economic category, an estimated performance indicator, a target, a tool for calculating the company’s net income, a source of formation of various funds. As an effective indicator, it characterizes the efficiency of the use of available resources, success or failure in business, growth or decline in the volume of activity. Profitability indicators characterize the financial results and efficiency of the company. They measure the profitability of a company from various positions and are systematized in accordance with the interests of participants in the economic process. In the article, the author has developed a 3-factor model to conduct a factor analysis of the profitability of production. In deterministic factor analysis, the author’s model of profitability of production (resulting a criterion indicator) is represented by the product of 3 factors, of which two are known and one is the author’s. The relationship of these three factors with the profitability of production is functional. The article reveals the influence of factors affecting the change in the profitability of production of enterprises in the field of transportation and storage of the Irkutsk region and gives the author’s methodological approaches for its calculation (methods of factor analysis developed by Filatov E.A.). The article presents the author’s analytical, systematized statistical material for the analysis of key indicators revealing the impact on the change in the profitability of production of enterprises in the field of transportation and storage of the Irkutsk region of the Russian Federation.