دور إدارة رأس المال العامل في تعزيز سيولة المؤسسة الإقتصادية

Abstract

This study aimed to analyze the impact of working capital management efficiency on the financial liquidity of Sonelgaz Corporation during the period 2018-2023. Using quantitative analytical methodology, the results revealed a statistically significant positive relationship between working capital indicators (net working capital and quick ratio) and liquidity levels. The study also identified an inverse relationship between accounts receivable/payable turnover ratios and liquidity, attributable to the effects of the COVID-19 pandemic on cash collection processes.The study recommends strengthening monitoring mechanisms for working capital indicators, improving receivables management policies, and adopting predictive liquidity models. These findings contribute to the literature on liquidity management in the public utilities sector and provide a methodological framework for enhancing short-term financial management in similar enterprises.