أثر إدارة رأس المال العامل على مردودية الشركات: دراسة حالة شركة "NCA" رويبة

Abstract EN

The study aims to highlight the impact of working capital management on the profitability of "NCA" company, measured by the return on equity.

to achieve this objective, the auto-regressive distributed lag (ARDL) model was used to determine whether there is a short-term effect of working capital cycle on company profitability.

based on quarterly data available for both variables during the period from 2012 to 2019.

the estimation results indicate that the financial profitability of the company is negatively affected at a significant level of 5%, by an increase in both the average inventory holding period and the average accounts receivable period.

on the other hand.

the financial profitability of the company is positively affected at a significant level of 5%, by an increase in both the cash conversion cycle and the average accounts payable period.