An empirical analysis of cash flow, working capital, and the stability of financial ratio groups in the hospital industry

Performance indicators of banks in a total Islamic banking system: the case of Sudan

“…On the other hand, a study by Chu et al (1991) across the three industries of hospitals, manufacturing and retail, found that five factors were able to emerge as common factors between the three industries. However, other unique factors were needed for firms within the hospitals sector.…”

Performance indicators of banks in a total Islamic banking system: the case of Sudan

“…On the other hand, a study by Chu et al (1991) across the three industries of hospitals, manufacturing and retail, found that five factors were able to emerge as common factors between the three industries. However, other unique factors were needed for firms within the hospitals sector.…”

Auditing models for the detection of qualified audit opinions in the UK public services sector

“…Hence maximisation of profits is not a key objective and consequently the employment of profitability ratios in the analysis is of limited use. However, profitability ratios (e.g., operating margin, return on assets, return on equity) have been traditionally used in past studies that examined the performance of organisations in the US hospital industry (Chu et al, 1991;Zeller et al, 1996;Watkins, 2000;Eldenburg and Krishnan, 2003;Eldenburg et al, 2004). Basioudis and Ellwood (2005) also examined whether the generation of profits or losses had an impact on audit fees in the UK NHS sector.…”

Financial Management in the Healthcare Industry of the Slovak Republic

“…Financial credibility in the field of healthcare in Slovakia was evaluated by Petruška et al (2019), Štefko et al (2017). Grigoli (2012), Jourmard (2010), Luigi et al (2014), Gavurová & Kočišová (2018) dealed with the analysis of healthcare performance and the development of inefficiency in healthcare in OECD countries using the DEA method.…”

“…A study by Chu et al (1991) provided evidence to suggest that analysts should pay more attention to the two aspects of hospital financial performance: a) the hospital's equity in relation to total assets, net income, working capital flow and cash flow; b) the flow of working capital in the hospital as a separate aspect of the flow of hospital assets, and not just cash flow and/or net income plus depreciation. In fact, hospitals' cash flow did not differ from net income adjusted for depreciation.…”

Performance indicators of banks in a total Islamic banking system: the case of Sudan

“…On the other hand, a study by Chu et al (1991) across the three industries of hospitals, manufacturing and retail, found that five factors were able to emerge as common factors between the three industries. However, other unique factors were needed for firms within the hospitals sector.…”

Auditing models for the detection of qualified audit opinions in the UK public services sector

“…Hence maximisation of profits is not a key objective and consequently the employment of profitability ratios in the analysis is of limited use. However, profitability ratios (e.g., operating margin, return on assets, return on equity) have been traditionally used in past studies that examined the performance of organisations in the US hospital industry (Chu et al, 1991;Zeller et al, 1996;Watkins, 2000;Eldenburg and Krishnan, 2003;Eldenburg et al, 2004). Basioudis and Ellwood (2005) also examined whether the generation of profits or losses had an impact on audit fees in the UK NHS sector.…”

Financial Management in the Healthcare Industry of the Slovak Republic

“…Financial credibility in the field of healthcare in Slovakia was evaluated by Petruška et al (2019), Štefko et al (2017). Grigoli (2012), Jourmard (2010), Luigi et al (2014), Gavurová & Kočišová (2018) dealed with the analysis of healthcare performance and the development of inefficiency in healthcare in OECD countries using the DEA method.…”

“…A study by Chu et al (1991) provided evidence to suggest that analysts should pay more attention to the two aspects of hospital financial performance: a) the hospital's equity in relation to total assets, net income, working capital flow and cash flow; b) the flow of working capital in the hospital as a separate aspect of the flow of hospital assets, and not just cash flow and/or net income plus depreciation. In fact, hospitals' cash flow did not differ from net income adjusted for depreciation.…”

Performance indicators of banks in a total Islamic banking system: the case of Sudan

“…On the other hand, a study by Chu et al (1991) across the three industries of hospitals, manufacturing and retail, found that five factors were able to emerge as common factors between the three industries. However, other unique factors were needed for firms within the hospitals sector.…”

Auditing models for the detection of qualified audit opinions in the UK public services sector

“…Hence maximisation of profits is not a key objective and consequently the employment of profitability ratios in the analysis is of limited use. However, profitability ratios (e.g., operating margin, return on assets, return on equity) have been traditionally used in past studies that examined the performance of organisations in the US hospital industry (Chu et al, 1991;Zeller et al, 1996;Watkins, 2000;Eldenburg and Krishnan, 2003;Eldenburg et al, 2004). Basioudis and Ellwood (2005) also examined whether the generation of profits or losses had an impact on audit fees in the UK NHS sector.…”

Financial Management in the Healthcare Industry of the Slovak Republic

“…Financial credibility in the field of healthcare in Slovakia was evaluated by Petruška et al (2019), Štefko et al (2017). Grigoli (2012), Jourmard (2010), Luigi et al (2014), Gavurová & Kočišová (2018) dealed with the analysis of healthcare performance and the development of inefficiency in healthcare in OECD countries using the DEA method.…”

“…A study by Chu et al (1991) provided evidence to suggest that analysts should pay more attention to the two aspects of hospital financial performance: a) the hospital's equity in relation to total assets, net income, working capital flow and cash flow; b) the flow of working capital in the hospital as a separate aspect of the flow of hospital assets, and not just cash flow and/or net income plus depreciation. In fact, hospitals' cash flow did not differ from net income adjusted for depreciation.…”