cash conversion cycle

The main purpose of this study is to investigate the effect of the business cycle and operational efficiency of the cash flow cycle on performance appraisal criteria in the Tehran Stock Exchange. In order to reach this purpose, we were using the data of 120 manufacturing companies active in the Tehran Stock Exchange during the period 1392 to 1397, using the independent variables of cash flow cycle and net business cycle of the company by multivariate regression method, with the help of Eviews software, economic value added indices, return on assets, return on equity as a dependent variable of role-playing performance indicators to achieve the objectives of the study.The results indicated that the cash cycle and the business cycle had a positive and significant effect on the return on equity. Finally, the results indicate that the cash cycle and the business cycle have an inverse and significant effect on value-added and return on assets, and the research hypothesis has been confirmed.

Working capital management is one of the most important issues in financial management and corporate finance that focuses on current liabilities and current assets. The aim of this research is to investigate the relationship between working capital management and profitability of listed firms in Tehran stock exchange. The research in class of the field study and with the use of techniques of panel data Includes 3120 observations (company/season) is done. Therefore the seasonal information of 156 firms of listed firms in Tehran stock exchange during the period of 1389-1393 has been investigated. In this research¡ in order to not false regression, stationary test on the Research variables used and to specify the type of a hybrid model (Panel model vs pooled model) F limer-test used¡ and to specify the type of the Panel model (fixed effects vs random effects) The hausman test has been used.ultimately in this Research the Panel data with fixed effects model and by EGLS method has been used. Eviews software to test assumptions and The estimate of research models and analysis of the results of the research models is used Research findings indicates that between all of the elements of working capital with profitability of companies significant inverse relationship exists.

This study aims at exploring relationship between Working Capital Management with criterions for value-based performance. Therefore, the information of 107 companies listed in Tehran Stock Exchange between 2007-2011 (1386-1390) was studied and the effect of various variables for Working Capital Management (including Days Sales Outstanding, Days Sales of Inventory, Days Payable Outstanding, and Cash Conversion Cycle) on criterions for value-based performance (including Economic Value-Added (EVA), Market Value-Added (MVA), and Q Tobin index) was tested through employing 3 hypotheses and 9 sub-hypotheses all along with the main research question. Test of hypothesis was carried out by multiple regression analysis by Estimated generalized least square (EGLS). Findings of the study show that the increase of Days Sales Outstanding results in the increase of both Economic Value-Added (EVA) and Market Value-Added (MVA), and the increase of Days Sales of Inventory also results in the decrease of criterion for value-based performance of both Economic Value-Added (EVA) and Market Value-Added (MVA).

This study examines the relationship between the cash conversion cycle and return on assets in this company from (1382) through (1390).in this research we study the effect of different variables of cash conversion cycle on profitability in this company. these variables consist of: Account Payable period,Inventory Turnover Period,Account Receipt Period. Current ratio, debt ratio, sales growth was considered as a control variable. For analyzing datas and accepting or rejecting each hypothesis we use from pearson and regresun correlation coefficient also we use that for normality. The conclusion of this study shows an inverse relationship between variables of cash conversion cycle and return on assets. it means if account receipt, cash conversion cycle and period of debt payment increase ,the profitability of this company will decrease so managers can create the positive value for shareholders with decreasing period of debt payment, period of inventory turnover, period of demand collection and…

The main purpose of this paper,is The survey a comparison between The traditional of liguidity indices and the new of liquidity indices in the Company adopted the Tehran Stock Exchange (Automotive Industry) are hereby to users of financial statements in order to help obtain optimal decisions. The study population of this study, listed companies in Tehran Stock Exchange (Automotive Industry) during the years 1383 to 1387 and is omissive sampling method has been used and information necessary to implement this research with the financial statements and notes have been collected. For analysis of descriptive and analytical statistics have been used. The result indicate that between traditional of liquidity indices and the new of liquidity indices is positive correlation and all the proposed criteria for measuring liquidity within the range of assumptions that are specific to their place are suitable for each of these indicators, however after a liquidity problem have been considered and some other aspects are ignored.