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Working Capital Management And Profitability: A Case Of Alba County Companies


  • Adina Elena Danuletiu

    (1 Decembrie 1918 University of Alba Iulia)


The purpose of this study is to analyze the efficiency of working capital management ofcompanies from Alba County. The relation between the efficiency of the working capital management andprofitability is examined using Pearson correlation analyses and using a sample of 20 annual financialstatements of companies covering period 2004-2008. The conclusion to our study is that there is a weaknegative liniar correlation between working capital management indicators and profitability rates.

Suggested Citation

  • Adina Elena Danuletiu, 2010. "Working Capital Management And Profitability: A Case Of Alba County Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-36.
  • Handle: RePEc:alu:journl:v:1:y:2010:i:12:p:36

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    Cited by:

    1. Mahdi Salehi & Reza Ghorbanzadeh, 2016. "The influence of firms' capital expenditure on firms' working capital management," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 11(3), pages 287-301.
    2. Hamza Aslam Butt, 2014. "Impact of Working Capital Management on Profitability of Chemical Sector of Pakistan," International Journal of Social Sciences and Management Studies (IJSSMS), The Economics and Social Development Organization (TESDO), vol. 1(2), pages 67-79, June.

    More about this item


    working capital; profitability; Days Sales Outstanding; Days Inventory Outstanding; DaysPayable Outstanding; Days Working Capital;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies


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