【正文】 by minimizing the amount of funds tied up in current assets. We provide insights into the performance of surveyed firms across key ponents of working capital management by using the CFO magazine’s annual Working Capital Management Survey. We discover that significant differences exist between industries in working capital measures across time. In addition. we discover that these measures for working capital change significantly within industries across time. Introduction The importance of efficient working capital management is indisputable. Working capital is the difference between resources in cash or readily convertible into cash (Current Assets) and anizational mitments for which cash will soon be required (Current Liabilities). The objective of working capital management is to maintain the optimum balance of each of the working capital ponents. Business viability relies on the ability to effectively manage receivables. inventory. and payables. Firms are able to reduce financing costs and/or increase the funds available for expansion by minimizing the amount of funds tied up in current assets. Much managerial effort is expended in bringing nonoptimal levels of current assets and liabilities back toward optimal levels. An optimal level would be one in which a balance is achieved between risk and efficiency. A recent example of business attempting to maximize working capital management is the recurrent attention being given to the application of Six Sigma174。 reduces Days Sales Outstanding (DSO). accelerates the payment cycle. improves customer satisfaction and reduces the necessary amount and cost of working capital needs. There appear to be many success stories. including Jennifer Towne’s (2021) report of a 15 percent decrease in days that sales are outstanding. resulting in an increased cash flow of approximately $2 million at Thibodaux Regional Medical Center. Furthermore. bad debts declined from $ million to $. However. Waxer’s (2021) study of multiple firms employing Six Sigma174。P Industrial index plete some form of a cash flow assessment. but did not present insights regarding accounts receivable and inventory management. or the variations of any current asset accounts or liability accounts across industries. Thus. mixed evidence exists concerning the use of working capital management techniques. Theoretical determination of optimal trade credit limits are the subject of many articles over the years (.. Schwartz 1974。我們提供了在調(diào)查公司時(shí)出具報(bào)告中的關(guān)鍵組成部分，調(diào)查公司營運(yùn)資金管理的報(bào)告是運(yùn)用首席財(cái)務(wù)官雜志的年度資金管理的調(diào)查報(bào)告。營運(yùn)資金是資源或隨時(shí)兌換成現(xiàn)金（流動(dòng)資產(chǎn)）和即將的現(xiàn)金需要（流動(dòng)負(fù)債）之間的差額。太多的管理工作是消耗在帶動(dòng)流動(dòng)資產(chǎn)和負(fù)債水平回到最佳水平。六西格瑪方法適用于企業(yè)涉及所有范圍，能幫助公司測量和保證質(zhì)量。造成的結(jié)果是在蒂博多萬區(qū)域醫(yī)療中心產(chǎn)生的現(xiàn)金流量增加了大約 200萬美元。行業(yè)因素可能會(huì)影響企業(yè)的信貸政策、庫存管理和賬單支付活動(dòng)。這聲稱是 “工具的來源和財(cái)務(wù)主管信息 ”即是本研究的主題。而來自其他行業(yè)的企業(yè)往往有較高的銷售水平。調(diào)查是再提出和結(jié)論。吉爾伯特和銳徹 (1995)發(fā)現(xiàn)應(yīng)收賬款的管理模式在使用后，有百分之五十九的公司提高營運(yùn)資金項(xiàng)目，而庫存管理模型應(yīng)用于百分之六十的公司。通過有限的樣本，溫勞布和菲斯海爾 (1998)觀察到的趨勢是目前比率低的公司也有低水平的流動(dòng)負(fù)債。收款人定義付款日期為收到貨款的日期，而付款人查看付款日期的郵戳，額外的協(xié)作平臺(tái)了解各企業(yè)、行業(yè)和時(shí)間能夠增加這方面的研究機(jī)構(gòu)?，斈崴己蜐商亓_談?wù)撘恍《萎a(chǎn)業(yè)影響包括那些 “一個(gè)工業(yè)公司可能有更多的財(cái)富 ”公司可能影響整體國民生產(chǎn)總值。隨著時(shí)間的推移，沒有什么能影響營運(yùn)資金管理穩(wěn)定性。 研究方法 第一次年度首席財(cái)務(wù)官營運(yùn)資金管理的調(diào)查。每家公司對(duì)其同行的排名是針對(duì)整個(gè)領(lǐng)域的 1000家公司 .REL繼續(xù)更新以前年度基礎(chǔ)上的原始資料。因 此，它反映了公司的核心融資業(yè)務(wù)能力與供應(yīng)商信用。在整個(gè)調(diào)查中近 1000家的經(jīng)營活動(dòng)產(chǎn)生現(xiàn)金流。在所有情況下，標(biāo)準(zhǔn)差相對(duì)較小，這表明這些營運(yùn)資金的管理工作的變量都是和首席財(cái)務(wù)官的報(bào)告是一致的。在典型的年份中，首席財(cái)務(wù)官雜志在此期間 970公司的排名。事實(shí)上，石油行業(yè)是排名第一的現(xiàn)金轉(zhuǎn)換效率和第三名的日營運(yùn)資金。這兩個(gè)行業(yè)最大的資金排行 8 是紡織品和服裝，紡織品排名第二十二的消費(fèi)支出和第二十六位營運(yùn)資金。然而，周轉(zhuǎn)措施本身不是靜態(tài)的（即平均流動(dòng)資金措施在所有的企業(yè)每年的變化）；我們的結(jié)果表明，隨著時(shí)間的推移我們整個(gè)樣本有著重要的運(yùn)動(dòng)。由于利率上升，將有較少的愿 望早日付款。我們的結(jié)果應(yīng)該小心謹(jǐn)慎的解釋。 進(jìn)一步研究可以采取方法兩種之一。 來自 :An Analysis of Working Capital Management Results Across Industries[J].Thomas M. ： 1018.