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Profitable working capital management in industrial maintenance companies
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| Zeitschriftentitel: | Journal of Quality in Maintenance Engineering |
|---|---|
| Personen und Körperschaften: | , , |
| In: | Journal of Quality in Maintenance Engineering, 19, 2013, 4, S. 429-446 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Emerald
|
| Schlagwörter: |
| author_facet |
Marttonen, Salla Monto, Sari Kärri, Timo Marttonen, Salla Monto, Sari Kärri, Timo |
|---|---|
| author |
Marttonen, Salla Monto, Sari Kärri, Timo |
| spellingShingle |
Marttonen, Salla Monto, Sari Kärri, Timo Journal of Quality in Maintenance Engineering Profitable working capital management in industrial maintenance companies Industrial and Manufacturing Engineering Strategy and Management Safety, Risk, Reliability and Quality |
| author_sort |
marttonen, salla |
| spelling |
Marttonen, Salla Monto, Sari Kärri, Timo 1355-2511 Emerald Industrial and Manufacturing Engineering Strategy and Management Safety, Risk, Reliability and Quality http://dx.doi.org/10.1108/jqme-08-2013-0054 <jats:sec> <jats:title content-type="abstract-heading">Purpose</jats:title> <jats:p> – The purpose of this paper is to analyze the impact of working capital management on profitability. This connection is further studied in industrial maintenance service companies. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Design/methodology/approach</jats:title> <jats:p> – Analytical modeling has been used as the research method. The empirical analyses have been made on the basis of financial statements. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Findings</jats:title> <jats:p> – The paper presents an analytical flexible asset management (FAM) model, which reveals a significant negative correlation between the cycle times of operational working capital and the return on investment. The importance of working capital management is emphasized in the industrial maintenance service sector, because of light fixed assets and good profitability. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Research limitations/implications</jats:title> <jats:p> – There are some mathematical limitations in the applicability of the model introduced in this paper. These limitations should be addressed in further research. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Practical implications</jats:title> <jats:p> – The FAM model can be utilized as a tool in decision making in firms, both in the short term and in the long term. On the basis of this paper, the decision makers can consider how important working capital management is in their industry. In the industrial maintenance service business, more attention should be paid to active management of working capital. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Originality/value</jats:title> <jats:p> – The FAM model is a new decision-making tool. The paper also contributes to the unexplored perspective of industrial maintenance companies. The paper is valuable to service companies, as the research of working capital management has mostly focussed on manufacturing industries.</jats:p> </jats:sec> Profitable working capital management in industrial maintenance companies Journal of Quality in Maintenance Engineering |
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| title |
Profitable working capital management in industrial maintenance companies |
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Profitable working capital management in industrial maintenance companies |
| title_full |
Profitable working capital management in industrial maintenance companies |
| title_fullStr |
Profitable working capital management in industrial maintenance companies |
| title_full_unstemmed |
Profitable working capital management in industrial maintenance companies |
| title_short |
Profitable working capital management in industrial maintenance companies |
| title_sort |
profitable working capital management in industrial maintenance companies |
| topic |
Industrial and Manufacturing Engineering Strategy and Management Safety, Risk, Reliability and Quality |
| url |
http://dx.doi.org/10.1108/jqme-08-2013-0054 |
| publishDate |
2013 |
| physical |
429-446 |
| description |
<jats:sec>
<jats:title content-type="abstract-heading">Purpose</jats:title>
<jats:p> – The purpose of this paper is to analyze the impact of working capital management on profitability. This connection is further studied in industrial maintenance service companies. </jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-heading">Design/methodology/approach</jats:title>
<jats:p> – Analytical modeling has been used as the research method. The empirical analyses have been made on the basis of financial statements. </jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-heading">Findings</jats:title>
<jats:p> – The paper presents an analytical flexible asset management (FAM) model, which reveals a significant negative correlation between the cycle times of operational working capital and the return on investment. The importance of working capital management is emphasized in the industrial maintenance service sector, because of light fixed assets and good profitability. </jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-heading">Research limitations/implications</jats:title>
<jats:p> – There are some mathematical limitations in the applicability of the model introduced in this paper. These limitations should be addressed in further research. </jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-heading">Practical implications</jats:title>
<jats:p> – The FAM model can be utilized as a tool in decision making in firms, both in the short term and in the long term. On the basis of this paper, the decision makers can consider how important working capital management is in their industry. In the industrial maintenance service business, more attention should be paid to active management of working capital. </jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-heading">Originality/value</jats:title>
<jats:p> – The FAM model is a new decision-making tool. The paper also contributes to the unexplored perspective of industrial maintenance companies. The paper is valuable to service companies, as the research of working capital management has mostly focussed on manufacturing industries.</jats:p>
</jats:sec> |
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| description | <jats:sec> <jats:title content-type="abstract-heading">Purpose</jats:title> <jats:p> – The purpose of this paper is to analyze the impact of working capital management on profitability. This connection is further studied in industrial maintenance service companies. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Design/methodology/approach</jats:title> <jats:p> – Analytical modeling has been used as the research method. The empirical analyses have been made on the basis of financial statements. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Findings</jats:title> <jats:p> – The paper presents an analytical flexible asset management (FAM) model, which reveals a significant negative correlation between the cycle times of operational working capital and the return on investment. The importance of working capital management is emphasized in the industrial maintenance service sector, because of light fixed assets and good profitability. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Research limitations/implications</jats:title> <jats:p> – There are some mathematical limitations in the applicability of the model introduced in this paper. These limitations should be addressed in further research. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Practical implications</jats:title> <jats:p> – The FAM model can be utilized as a tool in decision making in firms, both in the short term and in the long term. On the basis of this paper, the decision makers can consider how important working capital management is in their industry. In the industrial maintenance service business, more attention should be paid to active management of working capital. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Originality/value</jats:title> <jats:p> – The FAM model is a new decision-making tool. The paper also contributes to the unexplored perspective of industrial maintenance companies. The paper is valuable to service companies, as the research of working capital management has mostly focussed on manufacturing industries.</jats:p> </jats:sec> |
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| spelling | Marttonen, Salla Monto, Sari Kärri, Timo 1355-2511 Emerald Industrial and Manufacturing Engineering Strategy and Management Safety, Risk, Reliability and Quality http://dx.doi.org/10.1108/jqme-08-2013-0054 <jats:sec> <jats:title content-type="abstract-heading">Purpose</jats:title> <jats:p> – The purpose of this paper is to analyze the impact of working capital management on profitability. This connection is further studied in industrial maintenance service companies. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Design/methodology/approach</jats:title> <jats:p> – Analytical modeling has been used as the research method. The empirical analyses have been made on the basis of financial statements. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Findings</jats:title> <jats:p> – The paper presents an analytical flexible asset management (FAM) model, which reveals a significant negative correlation between the cycle times of operational working capital and the return on investment. The importance of working capital management is emphasized in the industrial maintenance service sector, because of light fixed assets and good profitability. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Research limitations/implications</jats:title> <jats:p> – There are some mathematical limitations in the applicability of the model introduced in this paper. These limitations should be addressed in further research. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Practical implications</jats:title> <jats:p> – The FAM model can be utilized as a tool in decision making in firms, both in the short term and in the long term. On the basis of this paper, the decision makers can consider how important working capital management is in their industry. In the industrial maintenance service business, more attention should be paid to active management of working capital. </jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-heading">Originality/value</jats:title> <jats:p> – The FAM model is a new decision-making tool. The paper also contributes to the unexplored perspective of industrial maintenance companies. The paper is valuable to service companies, as the research of working capital management has mostly focussed on manufacturing industries.</jats:p> </jats:sec> Profitable working capital management in industrial maintenance companies Journal of Quality in Maintenance Engineering |
| spellingShingle | Marttonen, Salla, Monto, Sari, Kärri, Timo, Journal of Quality in Maintenance Engineering, Profitable working capital management in industrial maintenance companies, Industrial and Manufacturing Engineering, Strategy and Management, Safety, Risk, Reliability and Quality |
| title | Profitable working capital management in industrial maintenance companies |
| title_full | Profitable working capital management in industrial maintenance companies |
| title_fullStr | Profitable working capital management in industrial maintenance companies |
| title_full_unstemmed | Profitable working capital management in industrial maintenance companies |
| title_short | Profitable working capital management in industrial maintenance companies |
| title_sort | profitable working capital management in industrial maintenance companies |
| title_unstemmed | Profitable working capital management in industrial maintenance companies |
| topic | Industrial and Manufacturing Engineering, Strategy and Management, Safety, Risk, Reliability and Quality |
| url | http://dx.doi.org/10.1108/jqme-08-2013-0054 |