ISSN: 2225-8329
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This study was conducted to evaluate the impact of working capital management on financial performance. The variables used in working capital management were determined as the Cash Conversion Cycle (CCC), Payable Payment Period (PPP), Receivable Collection Period (RCP), and Inventory Turnover Period (ITP), and three profitability variables (ROA, ROE, NPM) were used as financial performance indicators. The study was conducted on eighty companies listed on the BIST 100 index for which data was available between 2015 and 2023. Panel regression was used as the analysis method, and according to the results obtained, a negative significant relationship was found between CCC, PPP, and RCP and all profitability variables (ROA, ROE, and NPM), while although a positive relationship was found with the PPP variable, this relationship was not significant.
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