“…When the literature examining the relationship between cash conversion time and profitability is examined, studies that find a positive relationship between cash conversion cycle and profitability (Aytekin & Güler, 2014;Topaloğlu & Nur, 2016;Zakari & Saidu, 2016); on the other hand, some studies find negative relationships between cash conversion cycle and profitability (Garanina and Petrova, 2015;Chang, 2018;Şahin and Vergili, 2019). In the empirical analysis made within the scope of this study, there is evidence that there exists a positive relationship between cash conversion cycle and profitability.…”