Per citar aquest document: http://ddd.uab.cat/record/145598
Accounting turnover ratios and cash conversion cycle
Ortín Ángel, Pedro (Universitat Autònoma de Barcelona. Departament d’Economia de l’Empresa)
Prior Jiménez, Diego (Universitat Autònoma de Barcelona. Departament d’Economia de l’Empresa)

Data: 2004
Resum: Financial statements, and especially accounting ratios, are usually used to evaluate actual managerial performance and predict the consequences of their decisions (firm value or financial distress). For a better understanding of the empirical results, and to improve the correct evaluation of managerial decisions, it is necessary to establish a link between accounting ratios and concrete managerial decisions. This paper analyses the relationship established between accounting turnover ratios and the period of time spent concluding and operational process. In order to achieve this purpose, not only a set of possible averages of real conversion periods are defined, but also the conditions that guarantee that accounting turnover ratios offer a good approach to them are established. In general, the conditions which enable to approach accounting turnover ratios on good terms are difficult to accept in firms operating in growing or declining markets, with seasonal demand or with long operating cycles. On the other hand, some possible alternatives which, without needing more information, can help to measure real conversion periods of time in a more accurate way are also proposed and illustrated.
Drets: Tots els drets reservats
Llengua: Anglès
Document: article ; recerca ; publishedVersion
Matèria: Estats financers ; Anàlisi ; Accounting ; Information ; Measurement ; Inventory control
Publicat a: Problems and perspectives of management, Núm. 1 (2004) , ISSN 1727-7051

Adreça alternativa: http://businessperspectives.org/component/option,com_journals/task,issue/id,24/jid,3/Itemid,74/


19 p, 316.7 KB

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