Mapping Strategies of Net Working Capital in the Energy Sector in Poland – Transformation Perspective

• Authors: Monika Walicka

Title variants

PL

Mapowanie strategii kapitału obrotowego netto w sektorze energetycznym w Polsce – perspektywa transformacji

Abstracts

EN

The aim of the article is to identify net working capital management strategies used in the energy sector. The analysis covered all companies listed on the Warsaw Stock Exchange under the WIG-Energy industry index. The study was conducted on the basis of financial reports for 2022-2023, with data from the latest reported quarters, i.e. Q1 and Q2 of year 2023, used in strategy mapping. The ratio analysis method was used with reference to industry indicators, and the dynamics of changes in the examined indicators was taken into account. The research results indicate that currently energy entities mainly use agressive strategies (64%). The sector's net working capital forecast indicates that the strong growth trend that has been seen since 2020 will gradually begin to slow down from 2023. As a result of using the indicator mapping technique, significant concentration of indictors can be noted in the sector, with only two entities differing from the rest of the sector in this regard.

PL

Celem artykułu jest identyfikacja strategii zarządzania kapitałem obrotowym netto stosowanych w sektorze energetycznym. Analizą objęto wszystkie spółki notowane na Giełdzie Papierów Wartościowych w Warszawie w ramach indeksu branżowego WIG-Energia. Badanie zostało przeprowadzone na podstawie raportów finansowych za lata 2022-2023, przy czym w mapowaniu strategii wykorzystano dane z ostatnich raportowanych kwartałów, tj. Q1 i Q2 roku 2023. Zastosowano metodę analizy wskaźnikowej w odniesieniu do wskaźników branżowych oraz uwzględniono dynamikę zmian badanych wskaźników. Wyniki badań wskazują, że obecnie podmioty energetyczne stosują głównie strategie agresywne (64%). Prognoza kapitału obrotowego netto sektora wskazuje, że silny trend wzrostowy, który obserwujemy od 2020 r., od 2023 r. zacznie stopniowo zwalniać. W wyniku zastosowania techniki mapowania wskaźnikowego można zauważyć znaczną koncentrację wskaźników w sektorze, przy czym tylko dwa podmioty różnią się pod tym względem od reszty sektora.

Keywords

PL

kapitał obrotowy netto; strategie zarządzania kapitałem obrotowym netto; transformacja sektora; energia; transformacja sektora energetycznego; cykl konwersji środków pieniężnych

EN

net working capital; net working capital management strategies; energy; cash conversion cycle; energy sector transformation

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Year: 2024
• Volume: 68
• Issue: 2
• Pages: 51-61

Dates

published

2024

Contributors

author

Monika Walicka

• Bialystok Univesity of Technology

• https://orcid.org/0000000244992318

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Identifiers

DOI

10.15611/pn.2024.2.05

Biblioteka Nauki

32336717