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Erschienen in:
Development of Industrial Internet-Related Asset Management Services with Customers Kapitel lesen Erstes Kapitel lesen

2016 | OriginalPaper | Buchkapitel

Circulate Your Idling Assets

verfasst von : Anna-Maria Talonpoika, Timo Kärri, Miia Pirttilä

Erschienen in: Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)

Verlag: Springer International Publishing

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Abstract

This paper aims to study how financial working capital affects profitability. Financial working capital can be defined as current assets and liabilities that are not tied in operational working capital and it therefore presents the liquidity situation of the company. The research in this paper has been conducted using simulation with flexible asset management (FAM) model. The simulations indicate that profitability can be improved by decreasing the cycle time of financial working capital. The effect of the reduction can be intensified by increasing earnings or average depreciation time or decreasing relative amount of fixed assets or the cycle time of operational working capital. The results imply that profitability can be improved with strategic decisions on fixed and current assets. The paper also encourages to use models such as FAM model in the strategic decision making.

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Metadaten
Titel
Circulate Your Idling Assets
verfasst von
Anna-Maria Talonpoika
Timo Kärri
Miia Pirttilä
Copyright-Jahr
2016
Buch
Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)

Print ISBN: 978-3-319-27062-3

Electronic ISBN: 978-3-319-27064-7

Copyright-Jahr: 2016

DOI
https://doi.org/10.1007/978-3-319-27064-7_57

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