scholarly journals ON THE ANALYSIS OF TURNOVER OF ENTERPRISE’S SHORT-TERM ASSETS

2019 ◽  
Vol 30 (1) ◽  
pp. 107-113
Author(s):  
Rositsa Ivanova
Keyword(s):  
Information Provision ◽  
Comprehensive Analysis ◽  
The Other ◽  
Rate Of Return ◽  
Working Capital ◽  
Total Rate ◽  
Short Term ◽  
Analytical Information ◽  
Efficient Control ◽  
The Impact

Short-term assets are enterprise‘s resources that are involved in its business within the frames of one reporting period and their value is fully carried over to the finished product. In their nature, these are the working capital that can be classified as enterprise‘s liquid assets. The question of short-term assets‘ turnover is topical at all stages and phases of the enterprise‘s development due to the following more important reasons: 1) The acceleration of short-term assets‘ turnover results in the release of resources that can be used in accordance with the decisions made by the enterprise‘s management, and the deceleration of turnover results in difficulties for the business due to shortage of working capital. 2) The acceleration of the turnover of this working capital results in increasing the level of total rate of return of assets, and vice versa – the total rate of return of assets decreases as a result of the deceleration of short-term assets‘ turnover. 3) Turnover of working capital is a factor affecting the enterprise‘s liquidity. 4) The efficient control of the objective dependence between the rate of return and the liquidity suggests and requires analyzing and evaluating the turnover of enterprise‘s short-term assets. This publication studies the turnover of short-term assets, and its subject covers the methodology for analysis of the turnover of these resources of the enterprise. The aim of this study is to present a complex methodology for analysis of short-term assets‘ turnover, and the acceleration or decelerations of their turnover are analyzed from two perspectives. On one hand, they are analyzed as a resultative indicator by identifying the strength and direction of impact of direct factors. On the other hand, acceleration or deceleration of working capital‘s turnover is analyzed as a factor affecting the dynamics of other important business indicators – assets- and liquidity-based rate of return. For the purposes of achieving the aim of this publication the following tasks are defined: 1) The information provision of the analysis is clarified. 2) The indicators for analysis of short-term assets‘ turnover are determined. 3) It is identified whether the turnover of enterprise‘s short-term assets is accelerated or decelerated – as a whole, by groups and by types of assets. 4) The amount of released and the additionally involved short-term assets, respectively, as a result of acceleration, respectively, deceleration of their turnover, is determined. 5) The impact of direct factors on acceleration, respectively, deceleration of short-term assets‘ turnover is identified. 6) The methodologies for analysis of the impact of changes of short-term assets‘ turnover on the total rate of return of assets and on liquidity are determined. Methodologies for analysis of short-term assets‘ turnover are useful both for external and internal users of information. Based on the resultative analytical information, external users build their strategy to establish business contacts with the enterprise. Internal users are able to carry out comprehensive analysis of short-term assets‘ turnover and to make justified and proper decisions for the management of the working capital and the business of the enterprise in operative and strategic aspect.

Comprehensive Effects of Short-Term Rental Platforms Across Hotel Types in U.S. and International Destinations

2021 ◽  
pp. 193896552110335
Author(s):  
John W. O’Neill ◽  
Jihwan Yeon
Keyword(s):  
Service Providers ◽  
Comprehensive Analysis ◽  
Competitive Market ◽  
Substitution Effects ◽  
Short Term ◽  
Hotel Performance ◽  
The World ◽  
Different Types ◽  
Location Type ◽  
The Impact

In recent years, short-term rental platforms in the lodging sector, including Airbnb, VRBO, and HomeAway, have received extensive attention and emerged as potentially alternative suppliers of services traditionally provided by established commercial accommodation providers, that is, hotels. Short-term rentals have dramatically increased the available supply of rooms for visitors to multiple international destinations, potentially siphoning demand away from hotels to short-term rental businesses. In a competitive market, an increase in supply with constant demand would negatively influence incumbent service providers. In this article, we examine the substitution effects of short-term rental supply on hotel performance in different cities around the world. Specifically, we comprehensively investigate the substitution effects of short-term rental supply on hotel performance based on hotel class, location type, and region. Furthermore, we segment the short-term rental supply based on its types of accommodations, that is, shared rooms, private rooms, and entire homes, and both examine and quantify the differential effects of these types of short-term rentals on different types of hotels. This study offers a comprehensive analysis regarding the impact of multiple short-term rental platforms on hotel performance and offers both conceptual and practical insights regarding the nature and extent of the effects that were identified.

Working Capital Financing, Firm Performance and Financial Flexibility: Evidence from Indian Hospitality Firms

2020 ◽  
pp. 097215092096137
Author(s):  
Nufazil Altaf
Keyword(s):  
Firm Performance ◽  
Method Of Moment ◽  
Working Capital ◽  
Short Term ◽  
Financial Flexibility ◽  
Negative Effect ◽  
Capital Financing ◽  
Hospitality Firms ◽  
Break Even Point ◽  
The Impact

This article examines the relationship between working capital financing and firm performance for a sample of 185 Indian hospitality firms. In addition, this study examines the impact of financial flexibility on working capital financing performance relationship for a period of 10 years. This study employs two-step generalized method of moment (GMM) techniques to arrive at results. Results of the study confirm the inverted U-shaped relationship between working capital financing and firm performance with optimal break-even point, beyond which short-term debt financing has a negative effect on performance at 0.54. In addition, we found that firms likely to be more financially flexible can finance a greater proportion of working capital using short-term debt, since break-even point turns out to be high for firms likely to be more financially flexible. The study is expected to extend the existing debate on working capital management by using the sample of Indian Hospitality firms for analysing the above-mentioned relationships.

Effects of Associatively Significant Posttrial Stimuli on Learning and Memory

1985 ◽  
Vol 37 (2b) ◽  
pp. 101-119
Author(s):  
Ruth M. Colwill
Keyword(s):  
Conditional Discrimination ◽  
Neutral Stimulus ◽  
Food Sample ◽  
The Other ◽  
Short Term ◽  
Significant Stimulus ◽  
Term Retention ◽  
Sample Test ◽  
Delayed Conditional Discrimination ◽  
The Impact

Pigeons were trained on a delayed conditional discrimination in which the choice between two simultaneously presented stimuli depended on how the trial started. Choice of one of the stimuli was reinforced if the trial had been initiated by presentation of a food sample and choice of the other was reinforced if no sample had been presented. Subsequently, test trials were administered on which an associatively significant stimulus was presented during the retention interval. This manipulation was intended to modulate the short-term retention of information about the food sample. It was found that performance on food sample test trials was enhanced by presentation of an excitor for food, disrupted by presentation of an inhibitor for food and unaffected by presentation of an associatively neutral stimulus. The impact of these posttrial stimuli was also assessed on the ability of the food sample to serve as a reinforcer. This was done by recording the development of responding to a keylight that signalled the food sample on these test trials. Compared to the associatively neutral stimulus, both the excitor and the inhibitor interfered with the development of keypecking. These results are discussed with regard to the issue of how posttrial events modulate associative learning.

scholarly journals An Empirical Study on the Impact of Prior Information Provision Methods on Participants’ Perceptions in Tasting Marketing

2022 ◽  
pp. 455-460
Author(s):  
Hisashi Masuda ◽  
Kengo Matsumura
Keyword(s):  
Empirical Study ◽  
Prior Information ◽  
Word Of Mouth ◽  
Information Provision ◽  
The Other ◽  
Written Information ◽  
Tourism Experience ◽  
Written Form ◽  
The Usa ◽  
The Impact

AbstractTasting events are a typical example of a tourism experience that utilizes alcohol. However, it has not been sufficiently demonstrated how the prior information given to customers at tasting events affects their perception of the tasting and its marketing effects. In this study, we conducted a tasting experiment of a new Japanese sake product in California, the USA to clarify how information given to participants in advance can affect their perception of the tasting, satisfaction, and word-of-mouth intention related to the new sake product, and compared the effects of the following types of prior information: 1) no information, 2) written information, 3) video explained by a man, and 4) video explained by a woman. The results show that presenting information makes a difference in its impact as opposed to providing no information. When prior information was presented in written form, various perspectives significantly influenced the satisfaction and recommended intention more than in the cases of video. On the other hand, in the cases of video, the number of significant paths was reduced, but the influence on word-of-mouth intention was greater than in the case of written information. This study contributes to the development of a theory and empirical evidence that takes into account prior information in tasting marketing in tourism.

scholarly journals Incidencia del capital de trabajo en la rentabilidad de la industria de alimentos Tsáchila “El Gustador”

ECA Sinergia ◽  
2020 ◽  
Vol 11 (3) ◽  
pp. 50
Author(s):  
María Enélida Vera Saca ◽  
Evelyn Dayana Cedeño Holguín ◽  
Ximena Leticia García Zambrano
Keyword(s):  
Data Collection ◽  
Food Industry ◽  
Working Capital ◽  
Short Term ◽  
Accounts Receivable ◽  
Palabras Clave ◽  
The Future ◽  
Mixed Approach ◽  
The Impact

  La presente investigación tiene como objetivo analizar el capital de trabajo y el impacto en la rentabilidad de la industria de alimentos Tsáchila “El Gustador”. La metodología utilizada tuvo un enfoque mixto y es de carácter no experimental, descriptivo y explicativo, por lo que se implementaron técnicas como la encuesta, entrevista y observación para la recolección de datos, los mismos que después de haber sido analizados e interpretados mostraron que existen deficiencias respecto a la administración de las cuentas del activo y pasivo a corto plazo, situación que afecta directamente a la liquidez de la industria y la determinación de inversión en el capital de trabajo; identificando que este hecho tiene su origen por una deficiente gestión del inventario y de las cuentas por cobrar pudiendo afectar en un futuro a las ventas de la empresa y por ende a su rentabilidad.   Palabras clave: productividad; liquidez; activo corriente; pasivo corriente.   ABSTRACT The objective of this research is to analyze the working capital and the impact on the profitability of the Tsáchila “El Gustador” food industry. The methodology used had a mixed approach and is non-experimental, descriptive and explanatory, so techniques such as survey, interview and observation were implemented for data collection, which after being analyzed and interpreted showed that there are deficiencies regarding the administration of the short-term asset and liability accounts, a situation that directly affects the liquidity of the industry and the determination of investment in working capital; identifying that this fact originates from poor inventory and accounts receivable management, which may affect the company’s sales in the future and therefore its profitability.   Keywords: productivity; liquidity; current active; current liabilities.

scholarly journals OVERVIEW OF THE TEMPORARY MEASURES FOR REDUCING THE IMPACT OF CORONAVIRUS DISEASE 2019 (COVID-19) ACT 2020

2020 ◽  
Vol 5 (21) ◽  
pp. 220-227
Author(s):  
Rohana Abdul Rahman
Keyword(s):  
Well Being ◽  
The Other ◽  
Mediation Process ◽  
Short Term ◽  
Economic Sectors ◽  
Term Basis ◽  
Contractual Obligations ◽  
The Impact ◽  
Economic Well Being

The impact of Coronavirus disease has transcended beyond imaginable. Everyone is vulnerable and no one on this planet can safely say that he or she is protected against the deadly virus. All governments are taking immediate steps to address the ensuing repercussion of the pandemic, both on a short-term and long-term basis. Malaysia has passed a law that provides for temporary measures to reduce the impact of COVID-19 on the general economic sectors affecting the general economic well-being of the country. This paper explains the provisions of the COVID-19 Act 2020 and the specific other laws that it intends to modify therein. In particular, the paper highlights the establishment of a mediation process in respect of disputes arising from the inability to perform contractual obligations by parties during the pandemic. The paper concurs that COVID-19 Act 2020 attempts to cover quite comprehensive temporary measures to address issues relating to the pandemic and in the process provides validity to the actions taken by various parties before its commencement. On the other hand, the paper argues that several vague and uncertain provisions of the law led to questionable application and implication thus creating doubts as to its effectiveness.

scholarly journals Contraception in Person-Contraception Online (CiP-CO) cohort study

2021 ◽  
pp. bmjsrh-2021-201168
Author(s):  
Emma Rezel-Potts ◽  
Melissa J Palmer ◽  
Caroline J Free ◽  
Hannah McCulloch ◽  
Paula Baraitser
Keyword(s):  
Cohort Study ◽  
Service Use ◽  
Contraceptive Use ◽  
The Other ◽  
Service Users ◽  
Online Service ◽  
Short Term ◽  
Logistic Regression Models ◽  
Access Service ◽  
The Impact

BackgroundOnline contraception services increasingly provide information, clinical assessment and home-delivered oral contraceptives (OCs). Evidence is lacking on the effects of online contraceptive service use on short-term contraceptive continuation.MethodsCohort study comparing contraceptive continuation between new users of a free-to-access online OC service in South East London with those from other, face-to-face services in the same area. Online questionnaires collected data on participants’ sociodemographic characteristics, motivations for OC access, service ratings, OC knowledge and contraceptive use. Contraceptive use in the 4-month study period was measured using health service records. Unadjusted and multivariable logistic regression models compared outcomes between the online service group and those using other services.ResultsOnline service-users (n=138) were more likely to experience short-term continuation of OCs compared with participants using other services (n=98) after adjusting for sociodemographic and other characteristics (adjusted OR 2.94, 95% CI 1.52 to 5.70). Online service-users rated their service more highly (mean 25.22, SD 3.77) than the other services group (mean 22.70, SD 4.35; p<0.001), valuing convenience and speed of access. Among progestogen-only pill users, knowledge scores were higher for the online group (mean 4.83, SD 1.90) than the other services group (mean 3.87, SD 1.73; p=0.007). Among combined oral contraceptive users, knowledge scores were similar between groups.ConclusionsFree-to-access, online contraception has the potential to improve short-term continuation of OCs. Further research using a larger study population and analysis of longer-term outcomes are required to understand the impact of online services on unintended pregnancy.

Impact of Assimilating GOES-R Geostationary Lightning Mapper Flash Extent Density Data on Severe Convection Forecast in a Warn-on-Forecast System

2021 ◽  
Author(s):  
Yaping Wang ◽  
Nusrat Yussouf ◽  
Edward R. Mansell ◽  
Brian C. Matilla ◽  
Rong Kong ◽  
...  
Keyword(s):  
Detection Efficiency ◽  
Radar Data ◽  
Forecast Skill ◽  
The Other ◽  
Storm Events ◽  
Forecast System ◽  
Short Term ◽  
Isolated Cells ◽  
Total Lightning ◽  
The Impact

AbstractThe Geostationary Operational Environmental Satellite-R (GOES-R) Geostationary Lightning Mapper (GLM) instrument detects total lightning rate at high temporal and spatial resolution over the Americas and adjacent oceanic regions. The GLM observations provide detection and monitoring of deep electrified convection. This study explores the impact of assimilating the GLM derived flash extent density (FED) on the analyses and short-term forecasts of two severe weather events into an experimental Warn-on-Forecast system (WoFS) using the Ensemble Kalman Filter data assimilation technique. Sensitivity experiments are conducted using two tornadic severe storm events, one with a line of individual supercells and the other one with both isolated cells and a severe convective line. The control experiment (CTRL) assimilates conventional surface observations and geostationary satellite cloud water path into WoFS. Additional experiments also assimilate either GLM FED or radar data (RAD), or a combination of both (RAD+GLM). It is found that assimilating GLM data in the absence of radar data into the WoFS improves the short-term forecast skill over CTRL in one case, while in the other case degrades the forecast skill by generating weaker cold pools and overly suppressing convection, mainly owing to assimilating zero FED values in the trailing stratiform regions. Assimilating unexpectedly low FED values in some regions due to low GLM detection efficiency also accounts for the poorer forecasts. Although RAD provides superior forecasts over GLM, the combination RAD+GLM shows further gains in both cases. Additional observation operators should consider different storm types and GLM detection efficiency.

scholarly journals Wavelet based deseasonalization for modelling and forecasting of daily discharge series considering long range dependence

2014 ◽  
Vol 62 (1) ◽  
pp. 24-32 ◽  
Author(s):  
Elena Szolgayová ◽  
Josef Arlt ◽  
Günter Blöschl ◽  
Ján Szolgay
Keyword(s):  
Time Series ◽  
Long Range ◽  
Moving Average ◽  
The Other ◽  
Long Range Dependence ◽  
Short Term ◽  
Forecasting Performance ◽  
Daily Discharge ◽  
Arfima Model ◽  
The Impact

Abstract Short term streamflow forecasting is important for operational control and risk management in hydrology. Despite a wide range of models available, the impact of long range dependence is often neglected when considering short term forecasting. In this paper, the forecasting performance of a new model combining a long range dependent autoregressive fractionally integrated moving average (ARFIMA) model with a wavelet transform used as a method of deseasonalization is examined. It is analysed, whether applying wavelets in order to model the seasonal component in a hydrological time series, is an alternative to moving average deseasonalization in combination with an ARFIMA model. The one-to-ten-steps-ahead forecasting performance of this model is compared with two other models, an ARFIMA model with moving average deseasonalization, and a multiresolution wavelet based model. All models are applied to a time series of mean daily discharge exhibiting long range dependence. For one and two day forecasting horizons, the combined wavelet - ARFIMA approach shows a similar performance as the other models tested. However, for longer forecasting horizons, the wavelet deseasonalization - ARFIMA combination outperforms the other two models. The results show that the wavelets provide an attractive alternative to the moving average deseasonalization.

Do working capital management practices influence investment and financing patterns of firms?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahsan Akbar ◽  
Xinfeng Jiang ◽  
Minhas Akbar
Keyword(s):  
Capital Structure ◽  
Negative Relationship ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
Content Type ◽  
Investment And Financing ◽  
The Impact

PurposeThe present study aims to investigate the impact of working capital management (WCM) practices on the investment and financing patterns of listed nonfinancial companies in Pakistan for a span of 10 years.Design/methodology/approachThe study is based on secondary financial data of 354 listed nonfinancial Pakistani firms during the period of 2005–2014. The two-step generalized method of moment (GMM) regression estimation technique is employed to ensure the robustness of results.FindingsEmpirical testing reveals that: excessive funds tied up in working capital have a negative impact on the investment portfolio of sample firms. Besides, a negative relationship between change in fixed assets and excess net working capital posits that, eventually, firms use idle resources tied up in short-lived assets to boost their investment activities. Furthermore, larger working capital levels were associated with higher leverage ratio which indicates that firms with inefficient WCM policies have to rely heavily on long-term debt to meet their short-term financing requirements. Additional results indicate that firms that take more time to sell inventory and convert receivables to cash, make more use of debt. Results of cash management models illustrate that cash-rich firms have lower leverage levels which signal the strong financial health and internal revenue generation capability of such firms.Originality/valueThere is a dearth of empirical studies that examine the implications of WCM decisions on a firm's capital structure. Besides, these studies are only confined to how a WCM policy influences the long-term investment activities of a firm. The research contributes to the extant literature by empirically revealing a link between the WCM practices and the firm's long-range investment and financing patterns. Hence, financial managers shall account for the impact of their short-term financial management decisions on the capital structure of the firm.

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