1st ICAI 2020

International Conference on Automotive Industry 2020

Mladá Boleslav, Czech Republic

Figure 2: Automotive industry turnover to GDP and pre-tax operating profit margin in EU-27 countries

Source: Authors’ calculations using the data of Amadeus database

Table 2: Pearson’s correlation coefficient of turnover to GDP and pre-tax operating margin of automotive industry in EU-27 countries ρ ij 2018 2017 2016 2015 i Automotive industry EBIT / Turnover -0,223 -0,264 -0,294 -0,292 j Automotive industry Turnover to GDP i Automotive industry EBIT / Turnover 0,606 0,580 0,061 0,509 j GDP per capita i Automotive industry EBIT / Turnover -0,162 -0,217 -0,289 -0,278 j Automotive industry Turnover per capita Source: Authors’ calculations using the data of Amadeus database Another value driver we examined is capital employed (invested capital) and its structure. We get a basic idea of the importance of this generator by measuring its turnover – that is, how many monetary units of sales are generated from one monetary unit of capital employed. At the same time, it is advisable to monitor the structure of capital employed – what is the amount of fixed assets and what is the net working capital. The capital employed turnover shows considerable variation among the EU-27 countries. The lowest values are reached by Ireland (0.732 in 2018), followed by Germany (0.827 in 2018) and Lithuania (1.519 in 2018). Sales generating in these countries is the most demanding on investment. On the other hand, the highest turnover of capital employed has in the long run been achieved by France (5,785 in 2018), Slovakia (4,306

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