This study examines how small and medium-sized manufacturing enterprises (SMEs) in the Czech Republic manage their working capital. Using the questionnaire, the investigators were able to collect the necessary information. The sample selection technique used probability sampling. To identify the largest enterprises, an economic predictor has been added to a reference group. A comprehensive assessment of 105 production companies was conducted over a five-year period, from 2014 to 2018. The study's control variable was leverage, while the other factors influencing working capital served as its independent variables. Profits were calculated using EBITDA as the dependent variable. These researchers designed and conducted the study using dynamic group data and a quantitative approach. The robustness investigation demonstrated that the data was correct. There is data that offering customers longer extensions has little influence on profits. The results for the other categories likewise demonstrated a negative relationship with the companies' earnings. This means that more money must be spent on things like adding new products and obtaining supplies from new vendors, which reduces profits.

Working Capital Management, Profitability, Cash, Leverage, SMEs