Tytuł:

Kapitał pracujący a płynność finansowa i rentowność przedsiębiorstw rolniczych

Tytuł publikacji grupowej:

Prace Naukowe Akademii Ekonomicznej im. Oskara Langego we Wrocławiu

Tytuł odmienny:

Working Capital in Relation to Liquidity and Agricultural Enterprises' Profitability

Autor:

Wasilewski, Mirosław

Opis:

Prace Naukowe Akademii Ekonomicznej we Wrocławiu; 2007; nr 1152, s. 617-627

Abstrakt:

The paper presents the analysis of relations between a working capital level in agricultural enterprises and their situation concerning liquidity, profitability and assets-capital relations. Enterprises of the highest value of working capital were characterized by the best liquidity, the highest relation of working assets to fixed assets and domination of equity. However, too conservative financing strategy in these enterprises caused decrease of return on assets and sale. Enterprises of the lowest working capital were threatened by loss of liquidity and usually made losses. Involvement of loan capital was higher in enterprises of more than average level of working capital than in enterprises of the highest working capital. Moreover, relation of working assets to fixed assets was more advantageous in the enterprises, what resulted in gaining usually the highest profitability ratios while liquidity was kept.The paper presents the analysis of relations between a working capital level in agricultural enterprises and their situation concerning liquidity, profitability and assets-capital relations. Enterprises of the highest value of working capital were characterized by the best liquidity, the highest relation of working assets to fixed assets and domination of equity. However, too conservative financing strategy in these enterprises caused decrease of return on assets and sale. Enterprises of the lowest working capital were threatened by loss of liquidity and usually made losses. Involvement of loan capital was higher in enterprises of more than average level of working capital than in enterprises of the highest working capital. Moreover, relation of working assets to fixed assets was more advantageous in the enterprises, what resulted in gaining usually the highest profitability ratios while liquidity was kept.

Wydawca:

Wydawnictwo Akademii Ekonomicznej im. Oskara Langego we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2007

Typ zasobu:

artykuł

Język:

pol

Powiązania:

Prace Naukowe Akademii Ekonomicznej im. Oskara Langego we Wrocławiu; 2007; nr 1152 ; Zarządzanie finansami firm - teoria i praktyka

Prawa:

Wszystkie prawa zastrzeżone (Copyright)

Prawa dostępu:

Dla wszystkich w zakresie dozwolonego użytku

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu

Źródło finansowania:

Projekt dofinansowany ze środków budżetu państwa, przyznanych przez Ministra Nauki w ramach Programu Społeczna odpowiedzialność nauki II. Tytuł projektu: Nauka dla Społeczeństwa: Prace Naukowe AEW w otwartym dostępie (2005-2008)