Characteristics of the composition, structure and turnover of assets in the resource management model of a developer

Abstract

The research is devoted to the theoretical and methodological substantiation of the formation of the composition, structure, and turnover of assets within the resource management model of a developer. The assets of a development company determine the scale and dynamics of the implementation of investment and construction projects, form the financial basis of operational activities, and influence the level of the enterprise’s competitiveness. Industry-specific features predetermine high capital intensity, a significant share of construction in progress, a long production and commercial cycle, and increased sensitivity to fluctuations in market conditions.

Approaches to the classification of a developer’s assets are systematized according to their functional purpose, degree of liquidity, participation in the operating process, and level of risk. The necessity of ensuring a structural balance between non-current and current assets as a prerequisite for financial stability and sustainable enterprise development is substantiated. Key factors influencing the formation of the asset structure are identified, including the scale and diversification of the project portfolio, financing conditions, the stage of the construction object life cycle, the intensity of cash flows, and the parameters of the market environment.

Particular attention is paid to the analysis of asset turnover as an integral indicator of resource use efficiency. The relationship between the turnover rate of current assets, the duration of the operating cycle, and the need for external financing is established. An increase in turnover is considered a factor in reducing the cost of capital, optimizing the structure of financing sources, and improving the profitability of investment projects.

Conceptual provisions for integrating the parameters of asset composition and structure into the developer’s resource management model are formulated, providing for the coordination of financial, investment, and production decisions. The proposed approach is aimed at ensuring the enterprise’s adaptability to changes in the external environment, enhancing liquidity, and achieving strategic balance in development. The obtained provisions may be applied to improve the management system of the resource potential of development companies and to increase the efficiency of their activities under conditions of instability in the real estate market.