Features and Patterns of Functioning of Financial resources of Digital companies

Abstract

The relevance of the study is due to the monopolization of the markets for goods and services by transnational digital companies.The object of the study is the finances of the two world’s largest digital and oil companies — Meta Platforms Inc. and Saudi Arabian Oil Company.The subject of the study is economic relations in the functioning and regulation of the economic behavior of traditional and digital companies in the context of the digital transformation of existing markets and the creation of new markets for digital goods.The purpose of the study is to identify the features of development and patterns of functioning of the system of financial resources of digital companies. The methodological base of the study is based on the financial analysis of a digital and oil company, including a comparative analysis of market capitalization, financial results and balance sheets (revenue, net income, assets, liabilities), financial condition, liquidity, profitability, and a comprehensive assessment of performance. It has been established that five manufacturers of digital goods by capitalization in 2020–2022 were among the 12 world leaders and significantly strengthened their positions against the backdrop of traditional business during the pandemic. The size of the largest oil company in 2014–2020 was more significant than that of a digital company, but the gap in dynamics decreased from 7 times in 2017 to 3 times in 2020. At the same time, the liquidity of the balance sheet of a digital organization is 4–7 times higher than that of an oil company, the financial condition is absolutely stable, and independence from external creditors is the highest. The oil company’s cost-effectiveness indicators are still higher, as the digital one invests in network development and attracting new users. However, in dynamics, the oil company’s profitability has halved over the past four years.The author comes to the conclusion that in the medium term, a digital company is projected to outperform an oil company in terms of size and efficiency. For the first time in international and domestic science, it is proposed to increase normative values of liquidity and financial stability indicators of a digital company by 4–7 times higher compared to traditional organizations, which determines the scientific novelty of the study.