EFFECTIVE TANGIBLE FIXED ASSETS MANAGEMENT

In this paper, the author investigates some conventional tools and criteria-indicators belonging to business analysis as an empirically oriented scientific discipline, by means of which firms should monitor and assess the effective use of their fixed assets. As fixed assets are an element of the business process - and since, according to resource-based theory, they are among the most relevant and biggest resources in terms of value - the author asks how to handle fixed assets in the most economical way possible and how to manage them well. Within this context fall their rational use and optimal exploitation. These questions can be answered by means of indicators such as operating leverage (OL), the rate of return of total assets (ROA), depreciation as an average fixed cost (AFC), and overall equipment effectiveness (OEE). The answers are additionally clarified and supported by calculations of these criteria-indicators on the examples of several concrete cases from the real economic sector. Finally, the author suggests raising awareness among managers and educating them so they may view fixed assets differently than before and increase control over their exploitation in order to manage them properly and use them effectively.