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{"references": ["G. Say\u0131lgan, Soru ve Yan\u0131tlarla \u0130\u015fletme Finansman\u0131 (2. Bask\u0131). Ankara: Turhan Kitabevi, 2006.", "H. Sar\u0131aslan and C.Erol, Finansal Y\u00f6netim Kavramlar, Kurumlar ve \u0130lkeler. Ankara: Siyasal Bas\u0131n Yay\u0131n Da\u011f\u0131t\u0131m, 2008.", "A. Aksoy and K. Yal\u00e7\u0131ner, \u0130\u015fletme Sermayesi Y\u00f6netimi.. Ankara: Gazi Kitabevi, 2005.", "M. Kirac\u0131, Stok Y\u00f6netimi ve Karl\u0131l\u0131k \u0130li\u015fkisinin Finansal Oranlar Arac\u0131l\u0131\u011f\u0131yla \u0130ncelenmesi: \u0130MKB \u0130malat Sekt\u00f6r\u00fcnde Bir Ara\u015ft\u0131rma. ODT\u00dc Geli\u015fme Dergisi, 36(Haziran), 2009, pp.161-195.", "J. Lazaridis and D. Tryfonidis. Relationship Between Working Capital Management and Profitability of Listed Companies The Athens \u0130nventory Exchange. Journal of Financial Management and Analysis, 19", ", 2006, pp. 26-35.", "M. Deloof. Does Working Capital Management Affect Profitability of Belgian Firms?. Journal of Business Finance & Accounting, 30 (3-4), 2003, pp. 573-587.", "P.J. Garcia-Teruel and P. Martinez-Solano. Effects Of Working Capital Management On Sme Profitability. International Journal of Managerial Finance, 3", ", 2007, pp. 164-177.", "A. Raheman and M. Nasr. Working Capital Management And Profitability\u2013Case Of Pakistani Firms. International Review of Business Research Papers, 3", ", 2007, pp. 279 \u2013 300.", "B. Kobu, \u00dcretim Y\u00f6netimi (8. Bask\u0131). Avc\u0131ol Bas\u0131m Yay\u0131n, \u0130stanbul, 1994.\n[10]\tO. K\u00fc\u00e7\u00fck, Stok Y\u00f6netimi..Ankara:Se\u00e7kin Kitabevi, 2009.\n[11]\tM. Muller, Essentials of Inventory Management (1th Edition). New York: American Management Association (AMACOM), 2003.\n[12]\tO. Okka, Finansal Y\u00f6netim Teori ve \u00c7\u00f6z\u00fcml\u00fc Problemler (4. Bask\u0131). Ankara: Nobel Yay\u0131nevi, 2010."]}
Working capital is identified as firm’s all current assets. Inventories which are one of the working capital elements are very important among current assets for firms. Because, profitability is an indicator for firms’ financial success is provided with minimum cost and optimum inventory quantity. So in this study, it is investigated as comparatively that the effect of inventory management on the profitability of Turkish firms which operated in weaving industry, eatables industry, wholesale and retail industry in between 2003 – 2012 years. Research data consist of profitability ratios and inventory turnovers ratio calculated by using balance sheets and income statements of firms which operated in Borsa Istanbul (BIST). In this research, the relationship between inventories and profitability is investigated by using SPSS-20 software with regression and correlation analysis. The results achieved from three industry departments which exist in study interpreted as comparatively. Accordingly, it is determined that there is a positive relationship between inventory management and profitability in eatables industry. However, it was founded that there is no relationship between inventory management and profitability in weaving industry and wholesale and retail industry.
inventory management, working capital., Profitability, regression analysis
inventory management, working capital., Profitability, regression analysis
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