Özet:

The aim of this study is to reveal the impact of employment capital on business profitability through financial rates. In this direction, the financial rates of 160 companies in the manufacturing sector located in Borsa Istanbul were calculated between 2010 and 2018. In the study, independent variables were taken into account: the rate of currency, the rate of turnover to be received, the rate of transfer of the recipients, the rate of turnover of stocks, the rate of stay in stocks, the rate of time of conversion of cash. Dependent variables are the profitability of sales, active profitability and self-resource profitability. To identify the effects of these variables on each other, a model was set for each dependent variable and the study used panel data analysis, integration analysis and regression analysis. According to the results of the analysis, for the first model, independent variables are found to have a meaningful relationship between the profitability of sales, while the duration of stay in stock has a negative effect, while other independent variables have a positive effect. In the second model, independent variables have seen a meaningful relationship to active profitability, while the other variables have a positive impact on the active profitability of the receiving asset period and the duration of stock stay. In the third model, these 6 variables have a long-term relationship with the result of equalization on the profitability of their own source. But the model is not considered as meaningful as a whole and cannot be interpreted.