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首页> 外文期刊>The International Journal of Productivity and performance management >Modifying the cash conversion cycle: revealing concealed advance payments
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Modifying the cash conversion cycle: revealing concealed advance payments

机译：修改现金转换周期：显示隐藏的预付款

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Purpose-The cash conversion cycle (CCC) is widely used in the academic studies of working capital management and supply chain efficiency. The purpose of this paper is to introduce a modification of this measure that takes into account advance payments as a component of operational working capital. Design/methodology/approach-A new measure, the modified cash conversion cycle (mCCC) is introduced and tested with empirical data of companies in Helsinki Stock Exchange. Findings-The mCCC reveals the real efficiency of operational working capital in companies that receive advance payments to a remarkable extent. Research limitations/implications-The mCCC can be used in empirical analysis in academic studies. In this paper, the empirical data are used only for testing the mCCC. The paper concerns received advance payments, but the mCCC can also be extended also to other components of operational working capital ignored by the traditional CCC. Practical implications-The paper offers insights into the variations of CCC for class teachers, and business practitioners, particularly financiers, who deal with operational working capital, cash flow predictions and calculations. Originality/value-There are current items that may have a remarkable effect on operational working capital, but traditionally only inventories, accounts receivable and accounts payable are discussed. The authors argue that also other current items should be taken into account, if they affect the efficiency of operational working capital. The new mCCC is encouraged to be used instead of the CCC when observing working capital management.
机译：目的-现金转换周期（CCC）被广泛用于营运资本管理和供应链效率的学术研究。本文的目的是介绍该措施的一种修改，其中将预付款作为运营营运资金的一部分。设计/方法/方法-引入了一种新方法，即修改后的现金转换周期（mCCC），并使用赫尔辛基证券交易所公司的经验数据进行了测试。调查结果-mCCC揭示了在收到预付款的公司中，营运资金的真正效率。研究局限性/含义-mCCC可用于学术研究中的经验分析。在本文中，经验数据仅用于测试mCCC。该文件涉及已收到的预付款，但移动支付中心也可以扩展到传统的CCC忽略的运营周转资金的其他组成部分。实际意义-本文为班级教师和商业从业人员，特别是金融家，处理营运资金，现金流量预测和计算提供了有关CCC变化的见解。创意/价值-当前的项目可能会对运营流动资金产生重大影响，但传统上只讨论库存，应收账款和应付账款。作者认为，如果其他当前项目影响运营营运资金的效率，则也应考虑在内。在观察营运资金管理时，鼓励使用新的mCCC代替CCC。

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