Importance The article considers operating and financial cycles being the key indicators of efficient management of working capital. There are differences in opinions on how to define and calculate them. Objectives The study aims to perform a comprehensive analysis of the areas of concern in the methodology for calculating the duration of operating and financial cycle, and to substantiate an original position on the problems under consideration. Methods Works of domestic and international economists on financial analysis create the theoretical and methodological basis of the research. I apply a historical approach involving general and special methods of analysis, synthesis and analogies. Results The paper redefined economic essence and calculation techniques of operating and financial cycles duration and their components. Conclusions The proposed approach may serve as a basis for further development of the financial analysis methodology, and as a methodological guide for business entities to monitor and make business decisions in the process of working capital management.
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