Rethinking Liquidity Ratios: The Case of Manufacturing in the Czech Republic

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POKORA Jindřich

Rok publikování 2014
Druh Článek ve sborníku
Konference The International Conference Hradec Economic Days 2014, Peer-Reviewed Conference Proceedings, Part V.
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Řízení, správa a administrativa
Klíčová slova financial performance; liquidity ratios; current ratio; optimal values; manufacturing
Popis Similar optimal or recommended values of liquidity ratios are commonly appearing in the Czech literature. The purpose of this paper is to calculate a recommended value of current ratio for large firms in the manufacturing sector based on the data in three consecutive years, from 2009 to 2011. The analysis of the best-performing firms showed that current ratio frequency distribution matches a gamma distribution function, where its peak determines the recommended value at 1.4 or as an interval (1.2, 1.6), which denotes the most common value of current ratio.
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