Working capital management in Turkish clothing industry

Çalışma sermayesi yönetimi, üretim sanayi firmalarının performanslarının arttırılmasında önemli bir role sahiptir. Bu çalışmada, konfeksiyon sanayinin çalışma sermayesi yapısı, uygulanan çalışma sermayesi stratejileri ve çalışma sermayesinin karlılık üzerindeki etkisi analiz edilmiştir. Bunun için, TCMB tarafından yayınlanan, 1996-2011 dönem aralığına ait konfeksiyon sanayi finansal verileri, finansal oranlar, korelasyon ve regresyon analizleri yardımıyla incelenmiştir. Çalışmada, konfeksiyon işletmelerinin alacakların tahsil süresini ve nakit dönüşüm süresini kısaltarak, likidite ve karlılık arasında bir denge oluşturarak varlıklarını sürdürüp, karlılıklarını arttırabilecekleri sonucuna varılmıştır.

Türk konfeksiyon sanayinde çalışma sermayesi yönetimi

Working capital management plays an important role in increasing the performance of manufacturing firms. The profile of clothing sector in terms of, capital structure, the applied working capital management strategies and the impact of working capital on profitability were analyzed in this article. The analysis was performed on the basis of financial ratios, correlation and regression studies for period 1996-2011 by using clothing industry data, published by Turkish Central Bank. As a result, it has been concluded that, clothing companies should reduce the duration of the debt collection, the cash conversion cycle and establish a balance between liquidity and profitability in order to survive and to increase their profits.

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