Browsing by Subject "Cash flow"

Now showing 1 - 3 of 3

Open Access
Factoring as a complement to modern banking system: Turkish case
(1993) Muratoğlu, Cem
This study is to present factoring as a financing technique and to search its contributions to the bankiiig industry. For this reason a detailed research is done by analyzing the implementation of factoring all around the world. In addition, a real life case is studied in order to show that firms which have working capital deficits can overcome their problems when they cooperate with factoring firms and banks together. FACTORING IS A COMPLEMENT TO MODERN BANKING SYSTEM : The firm's (which incurred the problem of working capital in the real life case) financial structure and ongoing projects were analyzed in terms of liquidity, profitability, and eff iciency. Finally, it is concluded that the utilization of factoring only, may not be sufficient to solve the financial problems of the firms but instead it is a complemantary to the banking system as a valuable instrument.
Open Access
Factoring as a financing alternative: Turkish case
(1991) Ataman, Sedef
This study attempts to find out the common aspects of the firms that have preferred factoring as a financing alternative, checking out their financial structures and performances together with an overview of factoring. The financial statements of the companies were analyzed from the perspectives of liquidity, financial stability, profitability, efficiency and financial structure. Comparisons were made over time and with industry averages. The analysis showed that the majority of the firms are smal1-to-medium sized firms that are growing fast, are in need of cash due to overtrading with an inadequate financial base and have undertaken high liabilities with high financial risks- Their sales are mostly on credit and receivables collection periods and cash conversion periods are quite long for the majority of the firms. As a result, the majority of the sample are possible beneficiaries of factoring to improve their cash flows, liquidity and profitability levels.
Open Access
Investments viewed as growth processes
(Taylor & Francis, 1995) Doğrusöz, H.; Karabakal, N.
For modeling investment decision situations, we present a mathematical basis that views the cash flow sequences as growth processes. We first emphasize the pedagogical value of the basic model by showing that all traditionally established measures of worth (profitability) as well as the compound interest formulas of financial mathematics can actually be derived from it by simple algebraic manipulations. Then, we argue that the traditional measures fail to recognize the particularities of certain decision situations and point out the need for developing tailor made measures for each specific problem. We demonstrate, using real life examples, our approach for developing new measures and, by incorporating decision variables, practical optimization models from this mathematical basis. © 1995 Taylor & Francis Group, LLC.