WORKING CAPITAL: CONCEPT, COMPOSITION AND STRUCTURE

Abstract

In the current economic conditions, the issues of working capital management have acquired a special significance for the sustainability and development of enterprises. Economic indicators related to the turnover of resources have a direct impact on market positions and the ability of organizations to maintain competitiveness. A significant obstacle is not only the shortage of working capital, which provokes disruptions in the implementation of production and commercial processes, reduces the level of asset liquidity and leads to a decrease in profitability; an excessive working capital stock can also form an inefficient structure of its sources, requiring unnecessary financing costs. Meanwhile, the existing methods of managing these resources often do not adequately address the issues of timely diagnostics and correction of critical points in the management system. Today, special attention is being paid to accelerating the turnover of capital resources, as this aspect is closely related to the formation of the cost of production and the ability to adapt to market conditions. Increasing the turnover of working capital is a key factor in improving the efficiency of an organization and can have a significant impact on its pricing strategy and overall competitiveness.