The working capital management in hospital organizations: To investigate to the effectiveness of working capital management and current status of ministry of health hospitals which have revolving founds in the province of Antalya

Such as all companies, at public hospitals to be active of working capital management is important to financial profitability as well as to meet liabilities (solvency) and carry on activities. In this study, to investigate to the effectiveness of working capital management and current status of Ministry of Health Hospitals which have revolving founds in the province of Antalya is intended.In order to reach these objective, financial statements of years of 2005, 2006, 2007 and 2008 of 14 Ministry of Health Hospitals which have revolving founds in the province of Antalya were used. By using basic ratios and profitability ratios, ratio analyze was performed to this financial data which had been designed as ready to use. Additionally, relationships and direction of relations between the ratios were evaluated by Pearson Correlation Analyze.At the result of the study; generally, hospitals have not any risk to meet short term liabilities was observed.As the years, that the hospitals strengthened to their receivable collection abilities were observed. At the result of the correlation analyze, by determining to receivables turnover has positive direction relationship with cash ratio and short term debt turnover, short term debts were payed by courtesy of collected accounts receivable convert to cash was observed. Because of the debt turnover increasing was higher than receivables turnover, collected receivables will not cover to meet debts and to need additional working capital was determined..The working capital within assets of hospitals is level of average of 0, 83 were determined so, importance of the working capital management on the hospitals financial performance was displayed. The big part of the working capital , other words current assets is constituted by accounts receivable was determined and result of this , to have an efficient working capital management , must to give special attach importance to receivables is needed was concluded.Equity profitability and assets profitability of the hospitals progressed parallel was observed and they have been found very low level in comparison with sector averages which were found by the result of the studies which were done before in this area. As a result of correlation analyze, any significant relationships has been found between the profitability ratios and other indicators.