Optimal Turnover of Companies in Road Freight Transport as a Tool of Efficiency and Competitive Advantage

Abstract

The transport sector plays a significant role in ensuring the competitiveness and sustainable economic growth in Europe. There are several methods designed to assess competitiveness in the transport sector i. e Lazausias et al. (2012), Moster and Limbourg (2016), Moroz (2020), Mendoza and Roman (2017), Krasnyanskiy and Penshin (2016), Sandal et al. (2021). This paper examines the relationship between turnover and efficiency related to competitiveness by focusing on Czech companies in road freight transport. Many firms face financial problems. The aim of the paper is to determine whether turnover affects companies’ efficiency and what level of turnover related to competitiveness achieves the maximum efficiency. Efficiency is measured by synthetic indicator IN05. The relationship between turnover and efficiency is tested by Chi-square test of independence, and the Kruskal-Wallis test measures any differences between the different groups in enterprise turnovers. This knowledge should help set the optimal turnover for businesses to achieve a competitive advantage. Research of a sample of 2,536 companies confirmed that the turnover of the company influences its financial results. The results of the calculations show that the best efficiency was achieved by companies with an annual turnover of €194 – €388 thousand.