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Title:The influence of working capital management on the food industry enterprises profitability PDF Logo
Authors:Bieniasz, Anna
Gołaś, Zbigniew
Issue Date:2011
Citation:[Journal:] Contemporary Economics [ISSN:] 1897-9254 [Volume:] 5 [Year:] 2011 [Issue:] 4 [Pages:] 68-81
Abstract:The article presents the results of working capital management efficiency in the food industry in Poland and selected countries of the Eurozone. The research was conducted on the basis of the unpublished data by the Polish Central Statistical Office in the trade structure and dimension of food industry enterprises in Poland in the period of 2005-2009, and comparatively, in respect of the food sector in selected Eurozone countries. The working capital management efficiency was assessed by means of the inventory, accounts receivables, current liabilities turnover cycles, cash conversion cycle, and in respect of the obtained rates of return from non-financial assets. The research proved that in the food industry sectors with the shortest working capital cycles, relatively higher rates of profitability were obtained. A favorable influence of working capital cycles reduction of the profitability was also verified by means of a multiple regression analysis.
Subjects:working capital
rate of return
food industry
JEL:F30
G30
G31
Persistent Identifier of the first edition:doi:10.5709/ce.1897-9254.29
Document Type:Article
Appears in Collections:Contemporary Economics, Volume 5 -

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