The experts identified nine indicators they considered the most appropriate for evaluating the efficiency of separate Lithuanian economic sectors, namely 1) gross profit margin, 2) profitability ratio, 3) return on assets ratio, 4) debt ratio, 5) leverage ratio, 6) current ratio, 7) receivables turnover ratio, 8) fixed assets turnover ratio, 9) equity turnover ratio.
The receivables turnover ratio indicates how rapidly an enterprise receives payments for goods and services delivered (sales / amounts receivable in one year).
That may be caused by relatively high values of gross profit margin, current ratio, and receivables turnover ratio.
Furthermore, both construction and real estate sectors experienced rather low values receivables turnover ratio suggesting delay in settlements peculiar for these sectors.
In accordance with expert evaluation and correlation analysis, the following financial ratios were chosen for analysis: 1) gross profit margin, 2) return on assets ratio, 3) leverage ratio, 4) current ratio, 5) receivables turnover ratio, 6) equity turnover ratio.