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Journal articles on the topic 'Components of working capital'

Author: Grafiati

Published: 3 June 2025

Last updated: 31 July 2025

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1

Rahman Shaik, Abdul. "Components of working capital and profitability in Saudi Arabian companies." Investment Management and Financial Innovations 18, no. 3 (2021): 52–62. http://dx.doi.org/10.21511/imfi.18(3).2021.05.

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The study examines the influence of the cash conversion cycle (one of the components of working capital) on the firm profitability measured in terms of return on equity (ROE), return on assets (ROA), Tobin’s q, and gross operating profit (GROP) in the manufacturing sector of Saudi Arabia. The study selects a sample of 100 companies from nine industrial sectors listed on the Tadawul Stock Exchange starting from 2008 to 2019. A pooled regression is estimated to report the empirical results. The results report a positive and significant association between the components of working capital in ter

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Ogutu, Duncan Odhiambo. "Working Capital Management Practices and Financial Performance in Kenya." African Journal of Commercial Studies 1, no. 2 (2023): 8–14. http://dx.doi.org/10.59413/ajocs/v1.i2.2.

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Gross working capital and net working capital are the two components that can be used to establish the working capital concept. Between current liabilities and current assets, there is a difference called net working capital. Accounts receivable, cash, and inventory are examples of current assets because they are easily convertible into cash; on the other hand, current liabilities are those that are owed to the company right away, such as accounts payable, bills payable, and other financial instruments. Thispaper appraises the interactions between working capital management in terms of cash, i

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Ogutu, Duncan Odhiambo. "Working Capital Management Practices and Financial Performance in Kenya." African Journal of Commercial Studies 1, no. 2 (2022): 8–14. https://doi.org/10.5281/zenodo.7315951.

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<em>Gross working capital and net working capital are the two components that can be used to establish the working capital concept. Between current liabilities and current assets, there is a difference called net working capital. Accounts receivable, cash, and inventory are examples of current assets because they are easily convertible into cash; on the other hand, current liabilities are those that are owed to the company right away, such as accounts payable, bills payable, and other financial instruments. This paper appraises the interactions between working capital management in terms of ca

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I, KARUNA. "A Study on Working Capital Management in Automotive chassis Manufacturing Pvt Ltd." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem34012.

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The effective management of working capital is crucial for all companies. Key elements of working capital management include days sales outstanding (DSO), days inventory outstanding (DIO), days payable outstanding (DPO), and cash conversion cycle (CCC). A study conducted on 332 Czech companies, 20 of which were certified by the EFQM (European Foundation for Quality Management) Model, investigated how these components of working capital management impact a company's profitability. Two regression models were utilized for testing - pooled regression and maximum likelihood estimation (MLE). The re

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B G, Srinivas, and Dr D. Jogish. "A STUDY ON WORKING CAPITAL MANAGEMENT” AT MUSASHI, AUTO PARTS INDIA PVT LTD, DODDABALLAPUR." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 07, no. 11 (2023): 1–11. http://dx.doi.org/10.55041/ijsrem26672.

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Working capital management is a critical aspect of financial, management for businesses of all sizes and industries. This paper provides an overview, of the concept, of working capital, its components, and its significance in ensuring the smooth operation and financial, stability of a company. The primary objective of working capital management is to strike a balance between the current assets, and current liabilities, confirming that a company has sufficient liquidity to meet its short-term obligations while optimizing its use of resources. This paper delves into the various components of wor

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Lestari, Beti Dwi, and Ani Wilujeng Suryani. "Firm's Value Exploration: The Impact Of Intellectual Capital and Net Working Capital." Jurnal Dinamika Akuntansi 12, no. 2 (2020): 152–64. http://dx.doi.org/10.15294/jda.v12i2.25932.

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Intellectual capital (IC) gains more importance nowadays, and hence, this study investigates the impact of IC and net working capital (NWC) on firms’ values creation. If IC has a greater impact than NWC, it indicates that automotive and components companies in Indonesia have paid attention to IC's contribution to increase company value. This study was conducted on 15 automotive and components companies from 2011 to 2018 as this industry utilises more IC and NWC than any other industries. We used panel data regression analysis with random effect model to test the hypothesis of 92 data, with IC

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Mazlan, Ahmad Rizal, and Choong Yuen Leng. "The Moderating Effect of Working Capital Management on the Relationship between Working Capital Determinants and Firm Performance." Indian-Pacific Journal of Accounting and Finance 2, no. 1 (2018): 38–48. http://dx.doi.org/10.52962/ipjaf.2018.2.1.39.

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This research examines working capital management moderating role on the relationship between the key determinants of working capital and firm performance among 282 public-listed manufacturing firms in Malaysia for the period of 2010 to 2014. In this study, working capital management components are categorized into working capital requirement and net liquid balance. The evidence suggests that the relationship between critical determinants of working capital and firm performance is moderated by both working capital requirement and net liquid balance. Further, the results show that the research

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Khan, Waqas, Muhammad Waqas, and Ali Raza Ellahi. "EMPIRICAL NEXUS BETWEEN WORKING AND FINANCIAL WORKING CAPITAL MANAGEMENT AND ITS ANALOGY TO CAPITAL STRUCTURE." International Journal of Business Reflections 3, no. 1 (2022): 57–75. http://dx.doi.org/10.56249/ijbr.03.01.27.

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Production-oriented firms need operational as well as financial working capital to sustain the business in a competitive environment. However, firms in underdeveloped countries face many issues in meeting the capital and revenue nature expenditure. Due to this issue these firms arrange capital from other sources like seed money. The financial working capital is linked with working capital components. Working capital is performing as an intermediary role between financial working capital and the capital structure of the firms. This study is proved that working capital is playing an intermediary

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Raghavalu Ramella. "A Critical Evaluation of Working Capital Management Strategies and Profitability." Journal of Information Systems Engineering and Management 10, no. 3 (2025): 50–59. https://doi.org/10.52783/jisem.v10i3.3588.

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The well-implemented working capital management strategies enhance profitability through various transmission mechanisms. On these theoretical grounds, this study analyses the association between working capital strategies and profitability in selected public limited companies in Trinidad and Tobago. We apply widely accepted gauges of working capital management strategies, including the average inventory turnover period, average receivables collection period, average payment period, and cash conversion cycle as the working capital management strategies. Applying statistical and non-statistical

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Islam, Rakibul, Mohammad Emdad Hossain, Mohammad Nazmul Hoq, and Md Morshedul Alam. "Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh." International Journal of Economics and Finance 10, no. 9 (2018): 136. http://dx.doi.org/10.5539/ijef.v10n9p136.

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Working capital management plays centric role in enhancing operational efficiency and their ultimate profitability. Globally financial managers have been searching the proper way on how to utilize working capital components which prolong profitability. The purpose of this study is to assess the impact of working capital components on profitability indicators of selected pharmaceutical firms in Bangladesh. The paper used financial data of 9 pharmaceutical firms listed in Dhaka stock exchange (DSE) covered 2011-2015. Two methods were used in this study for analysis data set. Firstly, to measure

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Eric, Tjandra. "Influence of Working Capital Management and Policy to Profitability of Retail Trading Sector in Indonesia." International Journal of Current Science Research and Review 04, no. 12 (2021): 1776–81. https://doi.org/10.47191/ijcsrr/V4-i12-22.

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Abstract : Working Capital (WC) is an important aspect of any firms because of its correlation to risk (liquidity) and return (profitability). This research examines the influence of WC Management and Policy (WCMP) to profitability of 21 listed retail trading sector firms in Indonesia from 2011-2020 using panel data regression. In this research, WC Management (WCM) is measured by Cash Conversion Cycle (CCC) and its components which are Days Sales Outstanding (DSO), Days Inventory Outstanding, and Days Payable Outstanding (DPO); WC Policy is measured current assets divided by total assets or re

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Malm, James, and Nilesh Sah. "Litigation risk and working capital." Managerial Finance 45, no. 1 (2019): 88–102. http://dx.doi.org/10.1108/mf-03-2018-0129.

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Purpose The purpose of this paper is to understand the association between litigation risk and working capital management. Design/methodology/approach The authors employ four different regression techniques (OLS regressions, regressions with industry and time controls, median regressions, and Fama Macbeth regressions) to study the relation between litigation risk (contemporaneous and lagged measures) and working capital management (cash conversion cycle (CCC) and its components). The authors also conduct numerous robustness tests. Findings The authors find that high-litigation risk firms tend

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Cumbie, Joseph Brian, and John Donnellan. "The Impact of Working Capital Components on Firm Value in US Firms." International Journal of Economics and Finance 9, no. 8 (2017): 138. http://dx.doi.org/10.5539/ijef.v9n8p138.

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Working capital is an important part of any businesses day-to-day operations. However, most businesses do not take into consideration that continuous investment into working capital does not maximize firm value. The specific problem addressed was firm managers that do not understand the optimal level for each component of working capital create sub-optimal value firm; leading to diminished investment returns for shareholders. For this study, 140 firms for the years 2003-2012 were selected from a stratified random sample of firms listed on the Russell 2000 index. Accounts receivable days outsta

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C. R., Sathyamoorthi, Christian J. Mbekomize, Mogotsinyana Mapharing, and Popo Selinkie. "The Impact of Corporate Governance on Working Capital Management Efficiency: Evidence from the Listed Companies in the Consumer Services Sector in Botswana." International Journal of Economics and Finance 10, no. 12 (2018): 135. http://dx.doi.org/10.5539/ijef.v10n12p135.

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The paper presents the findings of the analysis of the impact of corporate governance mechanisms on working capital management efficiency in the listed companies of the Consumer service sector in Botswana. Eight corporate governance elements and seven working capital components were extracted from the annual reports of a sample of six companies for the period 2012 to 2017 for the analysis. Thirty six observations were obtained. Pearson correlations were executed to determine the relationship between corporate governance elements and working capital components. OLS regression analysis was perfo

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Dadan, Nurhidayat, and Thamrin Hakiman. "The Impact of Working Capital Management on Financial Performance, Evidence from Automotive & Components Industry." JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES 06, no. 02 (2023): 993–1004. https://doi.org/10.5281/zenodo.7684246.

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This study aims to examine and analyze the impact of Working Capital Management by measuring the Days Inventory Oustanding (DIO), Days Sales Outstanding (DSO), and Days Payable Oustanding (DPO) on Return on Assets (ROA) in automotive and component sub-sector firms listed on the IDX from 2011 to 2021. The sampling technique employed was a purposive sample of 11 businesses with 121 observations for 2011-2021 in the IDX-listed automotive and component sub-sectors. Panel data regression using the Common Effect Model is the method of analysis used. The results of this study reveal that the DIO and

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Ravindra, Babu M., and Ramachandra Reddy B. "Size and Components of Working Capital in selected Spinning Mills in South India." RESEARCH REVIEW International Journal of Multidisciplinary 03, no. 11 (2018): 219–23. https://doi.org/10.5281/zenodo.1488096.

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In a wide ranging study of southern Indian spinning mills, it is identified that the growth and development of the industry has a importance bearing on the overall development of the Indian economy. There is high growth potential which is supported by statistics. The strengths of the textile industry and its commendable export performance in the last decade are distinguished. Profitability, however, has been very low, though greater opportunities are expected under the WTO regime. The potentially feasible mills need to be supported. Gross working capital represents the commitment of funds in v

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Motlíček, Zdeněk, Pavlína Matějová, and Dana Martinovičová. "Influence of Components of Net Working Capital on Costs of Companies Manufacturing Machinery and Equipment in the Czech Republic." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 1 (2015): 263–70. http://dx.doi.org/10.11118/actaun201563010263.

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The approach to working capital management significantly affects the performance of companies. Nevertheless, this effect varies depending on the observed industry and company’s size and it may be assumed that it is also dependent on territory differences. The paper presents an empirical research aiming to identify particular links between net working capital and costs of the company. The outcomes indicate a relatively strong positive correlation between the variables, especially in case of inventory. Furthermore he ratio of financial costs to ordinary costs is low, as well as the impact of net

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Diah, Widyanti, and Nolla Puspita. "Working Capital Management: A Policy for Company Performance." Zona Manajerial: Program Studi Manajemen (S1) Universitas Batam 14, no. 1 (2024): 12–17. https://doi.org/10.37776/zonamanajer.v14i1.1520.

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The aim of this research is to analyze the influence of working capital management components on profitability as measured by ROA (return on assets). The components of working capital management in this research include account receivable period, account payable period, inventory period, cash conversion cycle, firm size, sales growth, leverage, gross working capital turnover, current assets to total assets, and current liabilities to total assets. The research subjects were companies listed on the Indonesia Stock Exchange in 2017-2021. Through purposive sampling, 67 companies were selected tha

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Usman, Owolabi, and Halimah Nasiru. "Analysis of the Effect of Working Capital Components and Profitability of Selected Quoted Manufacturing Firms in Nigeria." Journal of Applied Mathematics and Statistical Analysis 2, no. 2 (2021): 1–10. https://doi.org/10.5281/zenodo.5195377.

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<em>This study examined the impact of working capital components on return on sales of the selected manufacturing companies. It specifically examines; the extent to which the components of working capital influence the Return on Sales. Secondary data was used for the study which was extracted from annual reports and accounts of twelve selected manufacturing firms listed on the Nigerian Stock Exchange. The study covered eleven years (2009-2019). Panel data was used to analyze the extent to which the components of working capital influence the return on sales. Findings from the study revealed th

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MAZUR, Dmytro, Oleksandr MAZUR, and Galina MAZUR. "FORMATION AND USE OF RETURNED FUNDS IN THE SYSTEM OF MANAGEMENT OF THE FINANCIAL STATE OF THE ENTERPRISE." Herald of Khmelnytskyi National University. Economic sciences 322, no. 5 (2023): 181–85. http://dx.doi.org/10.31891/2307-5740-2023-322-5-30.

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The article examines the current state of formation and use of working capital in the system of managing the company’s financial condition. The essence of the efficiency of the use of working capital is disclosed and how the company’s liquidity, its financial stability, solvency and profitability depend on them. The principled approaches to the formation of the company’s current assets are illustrated. Different ratios of the level of efficiency and the risk of using working capital are shown. The structure of current assets was determined by accelerating their activity. Ways of improving work

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M Naveen Reddy and Dr. S. Narender. "A STUDY ON WORKING CAPITAL OF MARUTI SUZUKI." International Journal of Engineering Research and Science & Technology 21, no. 3 (2025): 239–50. https://doi.org/10.62643/ijerst.2025.v21.i3.pp239-250.

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The efficient management of working capital is critical to the financial health and operational success of any business. This study aims to analyze the various components of working capital—including inventory, receivables, payables, and cash—and assess how their management influences overall organizational performance. The research investigates the relationship between working capital management and profitability, liquidity, and risk management within selected companies. Using both primary data (questionnaires and interviews with finance professionals) and secondary data (annual reports and f

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Kandukira, Percy. "Working Capital Management Policies for Managers to Improve Profitability." Management Consulting Journal 5, no. 2 (2022): 66–78. http://dx.doi.org/10.2478/mcj-2022-0008.

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Abstract Efficient working capital management is a requisite and is crucial for small firms’ profitability. The main reason for most SMEs’ failure is the incompetence of their managers to appropriately control and plan their current liabilities and current assets (Smith, 1973). Keeping in view the SMEs’ difficulties in proper working capital management and the significance of working capital management in profitability, survival and growth of SMEs, this research aims to analyse the association between individual working capital components, corporate governance characteristics and alternate pro

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Zimon, Grzegorz, and Dominik Zimon. "Quality Management Systems and Working Capital SMEs in GPO—A Case of Poland." Administrative Sciences 10, no. 4 (2020): 76. http://dx.doi.org/10.3390/admsci10040076.

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Working capital is designed to provide enterprises with financial security. Its level depends on the strategy of managing individual elements of working capital. An appropriate management strategy allows companies to obtain added working capital. Working capital management is a difficult process as it concerns both current assets and current liabilities. Therefore, company managers are constantly looking for solutions, methods and tools that will help them to manage their working capital. A quality management system is the one that facilitates control over the management of individual elements

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Abuzyarova, Zh. "EFFICIENCY OF USE OF WORKING CAPITAL - AS THE MAIN CONDITION FOR SUCCESSFUL ACTIVITIES OF THE ENTERPRISE." Sciences of Europe, no. 104 (November 7, 2022): 14–16. https://doi.org/10.5281/zenodo.7298612.

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Current assets are one of the components of the property of the enterprise. The condition and efficiency of their use is one of the main conditions for the successful operation of the enterprise. Inflation, non-payments and other crisis phenomena are forcing companies to change their policy in relation to current assets, look for new sources of replenishment, and study the problem of their efficient use.

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DEVI, S., and R. POORNIMA RANI. "A Study On Comparison About Working Capital Management Of State Bank Of India And Industrial Credit And Investement Corporation Of India." Think India 22, no. 2 (2019): 251–76. http://dx.doi.org/10.26643/think-india.v22i2.8726.

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Working capital management refers to a company's managerial accounting strategy designed to monitor and utilize the two components of working capital, current assets and current liabilities, to ensure the most financially efficient operation of the company. The goal of working capital management is to manage the firm’s current asset and current liabilities in such a way that satisfactory level of working capital is maintained. A study on comparison in working capital management with State Bank of India and Industrial Credit and Investment Corporation of India is analyzed to know the liquidity

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Sawarni, Kumar Sanjay, Sivasankaran Narayanasamy, and Kanagaraj Ayyalusamy. "Working capital management, firm performance and nature of business." International Journal of Productivity and Performance Management 70, no. 1 (2020): 179–200. http://dx.doi.org/10.1108/ijppm-10-2019-0468.

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PurposeThis paper aims to investigate the impact of the efficiency of working capital management (WCM) on the performance of a sample of Indian companies and explore how the nature of the firm's business influences the significance and direction of this impact.Design/methodology/approachThe data for this study were collected for the period of 2012–2018 for 414 non-financial firms listed on the Bombay Stock exchange. Fixed-effect regression models were run by taking Tobin's Q and return on equity (ROE) as dependent variables, and net trade cycle (NTC) and its components as explanatory variables

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Arbidane, Iluta. "Management of current assets in the context of increasing the Enterprise’s Profitability." Environment. Technology. Resources. Proceedings of the International Scientific and Practical Conference 2 (June 17, 2015): 27. http://dx.doi.org/10.17770/etr2015vol2.264.

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<p class="R-AbstractKeywords">In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company. Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until no

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Ath-Thahir, Lamya Varany, and Novia Wijaya. "PENGARUH INTELLECTUAL CAPITAL, ACCRUAL COMPONENT, DAN FAKTOR LAINNYA TERHADAP FINANCIAL DISTRESS." E-Jurnal Akuntansi TSM 3, no. 4 (2024): 427–40. http://dx.doi.org/10.34208/ejatsm.v3i4.2350.

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Financial distress is a condition where a company experiences a continuous decline in finances which can lead to bankruptcy, therefore financial distress is an important thing. The aim of this research is to obtain empirical evidence about the influence of intellectual capital, accrual components and other factors on financial distress in companies in the consumer cyclical and non-cyclical sectors listed on the Indonesia Stock Exchange (BEI). The variables used in this research are leverage, working capital, company size, cash flow from operations, profitability, sales growth, accrual componen

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Arvin, Reimizar Sini, and Anny Nainggolan Yunieta. "Do Firms Change the Working Capital Management Policy During The Covid-19 Pandemic? Case of Transportation & Logistics and Healthcare Industries in Indonesia." International Journal of Current Science Research and Review 06, no. 07 (2023): 4569–78. https://doi.org/10.5281/zenodo.8162275.

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Abstract : This study explores the crucial role of working capital management in balancing profitability and risk for companies. Economic conditions and sector-specific fluctuations in GDP influence working capital decisions. The transportation and logistics industry faced challenges with reduced demand, while the healthcare industry dealt with increased demand and longer payment collection periods during the pandemic. Using panel data regression on healthcare and transportation companies listed on the Indonesia Stock Exchange from 2017 to 2021, the study examines the impact of working capital

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Madhou, Ashwin, Imad Moosa, and Vikash Ramiah. "Working Capital as a Determinant of Corporate Profitability." Review of Pacific Basin Financial Markets and Policies 18, no. 04 (2015): 1550024. http://dx.doi.org/10.1142/s0219091515500241.

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This study examines the interaction of corporate profitability, working capital management and firm characteristics. Advanced quantitative techniques, such as dynamic panel estimation and median regression, are used to test the underlying relations. The findings indicate that both size and debt ratio are important determinants of corporate profitability and that profitable firms and losing firms tend to have different determinants of profitability. Several findings indicate that the effects of the components of working capital on profitability depend on firm characteristics such as the state o

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Al Fauri, Maysa, and Ritab Al Khouri. "Article Detalis The Impact of Working Capital Management on the Profitability of Jordanian Companies Listed on the Amman Stock Exchange." Al-Balqa Journal for Research and Studies 26, no. 2 (2023): 77–97. http://dx.doi.org/10.35875/1105-026-002-005.

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Background & Statement of the problem: Working capital management focuses on maintaining an optimal balance between short-term investments and liquidity, being a key factor impacting a company’s performance and profitability. Increasing profitability requires riskier investments, yet holding large amounts of liquidity may lead to missed investment opportunities. Effective working capital management aims to strike a balance between short-term assets and liabilities to ensure desired returns at an acceptable level of risk. Objectives: This research examines the effect of working capital mana

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Tsangari, Haritini. "Decision-Making on Working Capital Management, Based on Industry Differences." International Journal of Business, Economics and Management 6, no. 2 (2019): 99–110. http://dx.doi.org/10.18488/journal.62.2019.62.99.110.

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The effect of working capital components on profitability has conflicting empirical evidence, which is mostly data-driven. This paper aims to provide additional insight to this end, especially focusing on the neglected aspect of industry differentiation. The analysis implements a panel regression methodology on a dataset of 300 observations from firms in Cyprus, adjusting for control variables and considering industry differences. Overall, the present study illustrates that industry differences warrant in-depth examination for decision-making regarding working capital management policies. The

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Idris, Adamu, Musa Musa Muhammad, and Abdulraheed Bashir Dauda. "Exploring the dynamics of firm attributes on the management of working capital." Impressive Journal of Management and Social Sciences 1, no. 1 (2025): 98–105. https://doi.org/10.33003/ijmass-2025.v1i1.11.98-105.

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Working capital (WCM) is an important components of financial management which focuses both on short-term assets and liabilities of a company. This study explores how profitability, company growth, and age of the company influences the level of working capital. The study uses data from agricultural companies listed on the Nigerian Exchange Group (NGX). Using pooled logit regression, with robust standard error, the result indicates that the three explanatory variables positively and significantly influence working capital level of the sample companies. Hence, these variables are important deter

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Talat Afza. "Working Capital Management Efficiency of Cement Sector of Pakistan." Journal of Economics and Behavioral Studies 2, no. 5 (2011): 223–35. http://dx.doi.org/10.22610/jebs.v2i5.240.

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The corporate finance literature has traditionally focused on the study of long-term financial decisions. Researchers have particularly examined investments, capital structure, dividends or company valuation decisions, among other topics. However, short-term assets and liabilities are important components of total assets and needs to be carefully analyzed. Management of these short-term assets and liabilities warrants a careful investigation since the working capital management plays an important role for the firmâ€™s profitability and risk as well as its value. It requires continuous manageme

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Abdussalam, Abdalla Geth, and Mohd Ridzuan Darun. "Exploring the Relationship between Working Capital Management, Profitability and Capital Structure." Accounting and Finance Review (AFR) Vol.2(1) Jan-Mar 2017 2, no. 1 (2017): 38–45. http://dx.doi.org/10.35609/afr.2017.2.1(6).

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Objective - This paper explores the relationship between working capital management (WCM), profitability and capital structure. A preliminary framework provides an understanding of the role of WCM components with capital structure and profitability. Methodology/Technique - From the review of empirical studies it is confirmed that WCM is a main component in the financial aspects of the firms as even though WCM is targeted for the short-term decisions it has effect on the firm for the long-run. Findings - Companies need to use working capital policy and procedures in order to navigate performanc

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Masum, Abdullah Al, and Mst Momena Akhter. "Working Capital Management and Its Impact on Profitability of Fuel & Power Industry in Bangladesh." Asian Accounting and Auditing Advancement 6, no. 1 (2015): 14–25. http://dx.doi.org/10.18034/4ajournal.v6i1.33.

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Working capital management plays a vital role in the financial decision-making process as it is a part of investment in assets and the liquidity position as well as the profitability of the corporation irrespective of its nature. The main objective of this research is to study the impact of working capital management on company profitability in the context of the fuel and power industry in Bangladesh. For this purpose, the researchers have tried to investigate the relationship among the components of working capital management and then analyzed the impact of these components on the profitabili

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Dato-on, Dutchque Van E., Ruby P. Monto, Neresita M. Calaylay, Genard B. Villanueva, Jam Kathleen F. Velez, and Earl Nathaniel O. Temanel. "Working capital management of small and medium enterprises in Cebu." University of the Visayas - Journal of Research 8, no. 1 (2014): 173–90. https://doi.org/10.5281/zenodo.1966673.

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This paper aims to assess the necessity to have an efficient working capital management within SMEs. In reality, SMEs practically focus only on its cash receipts together with its bank account position. Majority of SMEs lack an established standard credit policy, many of it also have a least concern for working capital and financial position. It was revealed that various components in working capital management like cash flow and accounts receivable management, accounts payable and inventory management greatly affect the liquidity and profitability of SMEs. Due to the mismanagement of its work

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Bellouma, Meryem. "The Impact of Working Capital Management on Profitability: The Case of Small and Medium-Sized Export Companies in Tunisia." Management international 15, no. 3 (2011): 71–88. http://dx.doi.org/10.7202/1005434ar.

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Working capital is an important component in the financial decision of the company. An optimal working capital management is reached through a trade off between profitability and liquidity. This study aims to provide empirical evidence about the effects of working capital management on the profitability of 386 Tunisian export SMEs observed from 2001 to 2008. The results of fixed and random effects models show a negative relationship between corporate profitability and the different working capital components. This reveals that Tunisian export SMEs should shorten their cash conversion cycle by

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sakınç, ilker. "A Comparison of Working Capital Components of Turkish And Indian Cement Firms." Ekonomik Teori ve Analiz Dergisi 3, no. 4 (2018): 261–72. http://dx.doi.org/10.25229/beta.487437.

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Adediran, Adedeji S., and John H. Padgett Jr. "Strategic Management of Working Capital Components to Firm Profitability: Dual-Model Approach." Research Journal of Business Management 18, no. 1 (2024): 1–11. http://dx.doi.org/10.3923/rjbm.2024.1.11.

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Gupta, Virendra Kumar. "Analysis of Working Capital Management: Case Study of Tehri Hydro Development Corporation of India Ltd." Shodh Samarth- Research Journal of Commerce, Management & Economics 01, no. 01 (2024): 87–97. https://doi.org/10.5281/zenodo.11100699.

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Working capital is sometimes referred to as a company's "lifeblood." This research investigates the efficacy of the management of working capital at Tehri Hydro Development Corporation India Limited. The main aim of working capital management is to ensure that a company has sufficient funds to operate smoothly and can pay off its short-term debt obligations as they come due and anticipated operating needs. The primary components of the working capital of THDC India Ltd., including cash management and inventories have been analyzed from the accounts for the five years from 2018-19 to 2022-2023.

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Ram, Pankajkumar Raj Narayan. "A Study on Working Capital Management of R.C.F Ltd." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem35064.

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This study examines the working capital management practices of R.C.F Ltd., a mid-sized manufacturing firm. The research aims to evaluate the efficiency of the company’s working capital components—accounts receivable, accounts payable, inventory, and cash management—and their impact on overall financial performance. By analyzing financial data from the past five years, the study identifies trends and key performance indicators related to working capital. The findings reveal that R.C.F Ltd. maintains a moderate level of liquidity but faces challenges in optimizing its inventory turnover and man

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Ahmad, Putri, Angelya Ningsih, Natalia Sitorus, and Tia Sucipto. "Analysis of The Effect of Working Capital Management on Profitability In Manufacturing Companies In Indonesia." Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan 6, no. 2 (2025): 7. https://doi.org/10.53697/emak.v6i2.2312.

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This study aims to analyze the effect of working capital management on profitability in manufacturing companies in Indonesia. The method employed is a literature review by examining five related scientific journals. The findings indicate that efficient working capital management, particularly through the management of the Cash Conversion Cycle (CCC), has a positive impact on company profitability. Components such as receivables, inventory, and payables management play a crucial role in enhancing operational efficiency and liquidity, ultimately leading to improved profitability. Optimal working

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Salma, Nur, Meita Sekar Sari, Dewi Silvia, and Ismawati Ismawati. "The Effect of Working Capital and Operational Costs on Net Income in Automotive Companies and Components Listed on the Indonesia Stock Exchange (IDX)." Bina Bangsa International Journal of Business and Management 2, no. 3 (2022): 227–41. http://dx.doi.org/10.46306/bbijbm.v2i3.31.

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The purpose of this study was to determine the effect of working capital variables and operational costs on net income. The independent variable used in this study is working capital and operational costs while the dependent variable used in this study is net income. The population in this study are automotive sector and component companies listed on the IDX. The number of samples is 30 financial report data. The method of determining the sample used is purpose sampling. The analytical tool used in this study is the multicollinearity test, and heteroscedasticity test. The statistical analysis

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R, Shruthi ,. "An Analysis of Working Capital Management with Reference to Wheels India Limited." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem31561.

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Exploring the intricacies of working capital management is pivotal due to its fundamental significance in the realm of corporate finance and business operations. Effective management of working capital is crucial for ensuring the financial health, operational efficiency, and long-term sustainability of organizations across industries. This research paper aims to provide a comprehensive analysis of working capital management, with a specific focus on its implications for company performance and success, The rationale behind this topic lies in the recognition of working capital as a critical asp

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Ojha, Puspa Raj. "Working Capital Management and Its Impact on the Profitability of Pukar International Co.Ltd." NCC Journal 4, no. 1 (2019): 141–47. http://dx.doi.org/10.3126/nccj.v4i1.24747.

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This paper aims to report the results of an investigation of the relative importance of working capital management, measured by the Return on Assets (ROA), and its components (Current ratio, average collection period and average payment period) to the profitability of Pukar International Trading. This paper analyzes the effect of working capital Management on firm’s profitability in Nepal for the period 2071 to 2072. For this Purpose, financial data of four year is used. Pearson’s correlation and Descriptive analysis were used to establish the relationship between working capital management an

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De, Petrus Emanuel, Rina Indiastuti ., and Erie Febrian . "The Integrated Measuring of Working Capital Management Efficiency on Financial Performance in Indonesia Stock Exchange." Information Management and Business Review 7, no. 3 (2015): 26–33. http://dx.doi.org/10.22610/imbr.v7i3.1150.

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The purpose of this study is to determine the differences effect of working capital efficiency on financial performance during periods of crisis. The measurement is made during the crisis compared to the entire period of observation by using cash conversion cycle (CCC) and working capital policy (both investment policy and financing policy) on the profitability (by return on assets) and market value (by Tobinâ€™s Q). Using all annual financial data of 104 manufacturing firms listed in Indonesia Stock Exchange (IDX) over the period 2005-2013. These periods include the global financial crisis. T

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Bhuyan, Rafiqul, Mohammad Sogir Hossain Khandoker, Noshin Tasneem, and Mahjuja Taznin. "Working Capital Management (WCM) and Firm Performance in Emerging Markets: A Case of Bangladesh." Accounting and Finance Research 10, no. 1 (2021): 36. http://dx.doi.org/10.5430/afr.v10n1p36.

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We examine the impact of efficient working capital management on market value and profitability. Using secondary data on selected firms from Dhaka Stock Exchange we explore the effects of various working capital components (i.e. cash conversion cycle (CCC), current ratio (CR), current asset to total asset ratio (CATAR), current liabilities to total asset ratio (CLTAR), debt to asset ratio (DTAR), siz,e and growth) to the firm’s performance by looking firm’s value i.e. Tobin’s Q (TQ) and profitability i.e. return on asset (ROA) and return on invested capital (ROIC). Our results show that, for b

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Tauringana, Venancio, and Godfred Adjapong Afrifa. "The relative importance of working capital management and its components to SMEs' profitability." Journal of Small Business and Enterprise Development 20, no. 3 (2013): 453–69. http://dx.doi.org/10.1108/jsbed-12-2011-0029.

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Kiymaz, Halil. "Working Capital Management and Firm Performance: Evidence from Kazakhstan." Central Asia Business Journal 24, no. 1 (2024): 1–26. https://doi.org/10.55861/cabj.24.01.01.

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The literature on working capital management (WCM) provides mixed evidence on the effect of working capital on firm profitability and performance. Using firms from the Kazakhstan Stock Exchange (KASE), we examine the relationship between WCM and firms’ performance. Particularly, we look at how working capital components relate to firms’ performance while controlling for firm-specific and macroeconomic factors. Our findings show that the cash conversion cycle (CCC) is inversely related to firm performance—a shorter cash conversion cycle is associated with higher firm performance measured by ROA

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