Efektywność gospodarowania zapasami w przemyśle spożywczym

The article attempts to verity the cause and effect relationships between the indicators of stock management and the financial performance of enterprises. The research was based on the CSO statistics for 2005-2010 divided into food industry sectors. Relaying on the estimated parameters of the return on sales, return on assets and return on equity models it was stated that improvement of stock management efficiency, measured with the length of stock cycle, is positively correlated with profitability.