WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 17, 2020
Management Strategies of Working Capital in Polish Services Providing Companies
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Abstract: Net working capital aims at keeping companies in good financial condition and, above all, ensuring their financial security. It appears in micro, small, medium and large companies operating in every sector. In the case of services providing companies working capital management is very limited as in such businesses there is no inventory, which is the least liquid element of current assets. Therefore, in such companies working capital management strategies are based on the management of short-term receivables, short-term investments and short-term liabilities. In the paper services providing companies operating in the transport and tourism sectors have been presented. The research period covers the years 2016-2018. By means of selected statistical methods and appropriate financial indicators it was found that transport companies used different working capital management strategies compared to companies operating in the tourism sector.
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Pages: 225-230
DOI: 10.37394/23207.2020.17.24