An Application On The Relationship Between Working Capital And Profitability in Public Hospital Enterprises

Sefa Murat Tülük; Öznur Arslan

Makale detayları

An Application On The Relationship Between Working Capital And Profitability in Public Hospital Enterprises

Yazarlar:

Sefa Murat Tülük | Öznur Arslan

Yayıncı:

Kahramanmaras Sutcu Imam University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Ekonometri (Diğer)

Dergi:

Kahramanmaraş Sütçü İmam Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 2, pp.1005-1020

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001326346

pISSN:

1304-8120

Anahtar kelimeler:

Özet:

 Considering the hospital enterprises achieving their goals, working capital plays an important role in efficient and full-capacity operations, the uninterrupted delivery of healthcare services, the reduction of the risk of unmet obligations, and the prevention of financial distress, as well as effective, efficient, and profitable execution of hospital activities. This study aims to determine the effect of working capital efficiency on the profitability of public hospitals providing healthcare services in the city center and districts of Sivas. For this purpose, three years of financial data, including balance sheets and income statements, from 11 hospitals operating in Sivas city center and districts were utilized. Ratio analysis was employed to investigate whether there is a linear relationship between these data. Asset Profitability Ratio was considered the dependent variable, whereas Inventory Turnover Period, Accounts Receivable Turnover, Accounts Payable Turnover, and Cash Conversion Period were taken as independent variables. Regression and correlation analyses were conducted using the EViews 10 econometric analysis package program. The results of the regression analysis with three years of data for hospitals indicated that the Inventory Turnover Period significantly features in all three models, emphasizing the importance of inventory management for hospitals. Moreover, the Inventory Turnover Period positively influences profitability in all models. Given the correlation results for the years 2020 and 2022, there is a significant positive relationship between asset profitability ratio and the Inventory Turnover Period, while there is no significant relationship between the Accounts Receivable Turnover Period, Debt Turnover Period, Cash Conversion Period, and asset profitability ratio. In the 2021 correlation results, there is no significant relationship between asset profitability ratio and the Inventory Turnover Period, Accounts Receivable Turnover Period, Debt Turnover Period, or Cash Conversion Period.

 Considering the hospital enterprises achieving their goals, working capital plays an important role in efficient and full-capacity operations, the uninterrupted delivery of healthcare services, the reduction of the risk of unmet obligations, and the prevention of financial distress, as well as effective, efficient, and profitable execution of hospital activities. This study aims to determine the effect of working capital efficiency on the profitability of public hospitals providing healthcare services in the city center and districts of Sivas. For this purpose, three years of financial data, including balance sheets and income statements, from 11 hospitals operating in Sivas city center and districts were utilized. Ratio analysis was employed to investigate whether there is a linear relationship between these data. Asset Profitability Ratio was considered the dependent variable, whereas Inventory Turnover Period, Accounts Receivable Turnover, Accounts Payable Turnover, and Cash Conversion Period were taken as independent variables. Regression and correlation analyses were conducted using the EViews 10 econometric analysis package program. The results of the regression analysis with three years of data for hospitals indicated that the Inventory Turnover Period significantly features in all three models, emphasizing the importance of inventory management for hospitals. Moreover, the Inventory Turnover Period positively influences profitability in all models. Given the correlation results for the years 2020 and 2022, there is a significant positive relationship between asset profitability ratio and the Inventory Turnover Period, while there is no significant relationship between the Accounts Receivable Turnover Period, Debt Turnover Period, Cash Conversion Period, and asset profitability ratio. In the 2021 correlation results, there is no significant relationship between asset profitability ratio and the Inventory Turnover Period, Accounts Receivable Turnover Period, Debt Turnover Period, or Cash Conversion Period.

 Considering the hospital enterprises achieving their goals, working capital plays an important role in efficient and full-capacity operations, the uninterrupted delivery of healthcare services, the reduction of the risk of unmet obligations, and the prevention of financial distress, as well as effective, efficient, and profitable execution of hospital activities. This study aims to determine the effect of working capital efficiency on the profitability of public hospitals providing healthcare services in the city center and districts of Sivas. For this purpose, three years of financial data, including balance sheets and income statements, from 11 hospitals operating in Sivas city center and districts were utilized. Ratio analysis was employed to investigate whether there is a linear relationship between these data. Asset Profitability Ratio was considered the dependent variable, whereas Inventory Turnover Period, Accounts Receivable Turnover, Accounts Payable Turnover, and Cash Conversion Period were taken as independent variables. Regression and correlation analyses were conducted using the EViews 10 econometric analysis package program. The results of the regression analysis with three years of data for hospitals indicated that the Inventory Turnover Period significantly features in all three models, emphasizing the importance of inventory management for hospitals. Moreover, the Inventory Turnover Period positively influences profitability in all models. Given the correlation results for the years 2020 and 2022, there is a significant positive relationship between asset profitability ratio and the Inventory Turnover Period, while there is no significant relationship between the Accounts Receivable Turnover Period, Debt Turnover Period, Cash Conversion Period, and asset profitability ratio. In the 2021 correlation results, there is no significant relationship between asset profitability ratio and the Inventory Turnover Period, Accounts Receivable Turnover Period, Debt Turnover Period, or Cash Conversion Period.

 Çalışma sermayesi, hastane işletmelerinin amaçlarına ulaşma sürecinde; verimli ve tam kapasite ile çalışılabilmesinde, sağlık hizmetlerinin kesintisiz bir şekilde yürütülebilmesinde, yükümlülüklerin karşılanamama riskinin azaltılarak mali yönden zor durama düşülmesinin önlenmesinde, faaliyetlerin etkin, verimli ve karlı bir şekilde yürütülmesinde büyük önem taşımaktadır. Araştırma, Sivas il merkezi ve ilçelerinde sağlık hizmeti veren kamu hastanelerinin çalışma sermayesi etkinliğinin, hastane işletme karlılıklarına olan etkisini tespit etmeyi amaçlamaktadır. Belirlenen amaç doğrultusunda, Sivas il merkezi ve ilçelerinden faaliyet gösteren 11 hastaneye ait üç yıllık bilanço ve gelir tablosu verileri kullanılmıştır. Söz konusu verilere oran analizi uygulanarak doğrusal bir ilişki olup olmadığının incelenmesi için Varlık Karlılığı Oranı bağımlı değişken, Stok Devir Süresi, Alacak Devir Süresi Borç Devir Süresi ve Nakit Dönüşüm Süresi bağımsız değişken olarak alınmış EViews 10 ekonometrik analiz paket programı yardımıyla regresyon ve korelasyon analizi yapılmıştır. Hastaneler için üç yıllık verilerle yapılan regresyon analizi sonuçlarında stok devir süresinin anlamlı olarak üç modelde de yer alması hastaneler için stok yönetimimin oldukça önemli olduğunu göstermektedir. Ayrıca stok devir süresi her modelde de karlılığı pozitif yönde etkilemektedir. 2020 ve 2022 yılı korelasyon sonuçlarına göre; varlık karlılığı oranı ile stok devir süresi, arasında pozitif yönlü anlamlı bir ilişki söz konusu iken; alacak devir süresi, borç devir süresi ve nakit dönüşüm süresi arasında anlamlı bir ilişki söz konusu değildir.2021 yılı korelasyon sonuçlarına göre; varlık karlılığı oranı ile stok devir süresi, alacak devir süresi, borç devir süresi ve nakit dönüşüm süresi arasında anlamlı bir ilişki söz konusu değildir.

Makale detayları

An Application On The Relationship Between Working Capital And Profitability in Public Hospital Enterprises

Yazarlar:

Sefa Murat Tülük | Öznur Arslan

Yayıncı:

Kahramanmaras Sutcu Imam University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Ekonometri (Diğer)

Dergi:

Kahramanmaraş Sütçü İmam Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 2, pp.1005-1020

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001326346

pISSN:

1304-8120

Ratio Analysis

Working CapitalOran Analizi

: Çalışma Sermayesi (İşletme Sermayesi)

Kamu Hastane İşletmeleri

Sayı

Makale detayları

An Application On The Relationship Between Working Capital And Profitability in Public Hospital Enterprises

Yazarlar: Sefa Murat Tülük | Öznur Arslan

Yayıncı: Kahramanmaras Sutcu Imam University

Ana Başlıklar: Ekonometrik ve İstatistiksel Yöntemler | Ekonometri (Diğer)

Dergi: Kahramanmaraş Sütçü İmam Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 2, pp.1005-1020

Belge Tipi: Makale

Yayın Tarihi: 8/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001326346

pISSN: 1304-8120

Ratio Analysis

Working CapitalOran Analizi

: Çalışma Sermayesi (İşletme Sermayesi)

Kamu Hastane İşletmeleri

Sayı

Yazarlar:

Sefa Murat Tülük | Öznur Arslan

Yayıncı:

Kahramanmaras Sutcu Imam University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Ekonometri (Diğer)

Dergi:

Kahramanmaraş Sütçü İmam Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 2, pp.1005-1020

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001326346

pISSN:

1304-8120