Science – Future of Lithuania / Mokslas – Lietuvos Ateitis, Vol 8, No 2 (2016)

The Company‘s Liquidity as Instrument for Value Creation of the Company

Ieva Bartkauskaitė (Vilnius Gediminas Technical University, Lithuania)
Jelena Stankevičienė (Vilnius Gediminas Technical University, Lithuania)
Algita Miečinskienė (Vilnius Gediminas Technical University, Lithuania)


The liquidity indicators in the financial analysis are considered to be one of the most important parameters that characterise the state of the company. Since the liquidity is an integral part of the company’s value, the question is, whether it is possible to affect the company’s value by controlling the liquidity of the assets of the company, and to which variables the attention should be paid seeking to increase company‘s value. The model of the de-pendence of liquidity variables, according to the DuPont analysis and working capital, which affects the the value of the company EVA, is presented as well as the practical operation of the model and the conclusions. The results achieved by research are useful to the managers and shareholders of the company, evaluating the opportunity to increase the value of the company, searching for additional arguments for company’s liquidity management.

Article in: Lithuanian

Article published: 2016-06-08

Keyword(s): company‘s value; dependence; DuPont scheme; EVA; liquidity; working capital.

DOI: 10.3846/mla.2016.923

Full Text: PDF pdf

Science – Future of Lithuania / Mokslas – Lietuvos Ateitis ISSN 2029-2341, eISSN 2029-2252
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 License.