Original Article

The Financial Status Of Community Pharmacies: Çorum City


  • S. Öznur Sakınç
  • Emrah Bilgener

Received Date: 15.12.2020 Accepted Date: 06.03.2021 Turk J Pharm Sci 0;0(0):0-0 [e-Pub]


Community pharmacies have financial difficulties due to the reasons such as economic crises in recent years, increased competition, reimbursement cuts, decreasing drug prices and profit ratio, and increasing operation costs. The main purpose of this study is to evaluate the financial status of community pharmacies in Çorum and to guide future sectoral financial studies.

Materials and Methods:

One of the most commonly used method to evaulate about the financial status and performance of companies is “Ratio Analysis Method”. This Ratio Analysis has been conducted with the accounting data of 51 of the 93 community pharmacies operating in Çorum City.


Considering the results of the ratio analysis in general, the pharmacies in Çorum have liquidity problems. More than half of the pharmacies could not pay their short term debts with their current assets at the years mentioned in the study. Community pharmacies take more debt/credit to pay their short-term debts. The debt burden of pharmacies increased in the years mentioned in study. Pharmacies have a low stock turnover ratio and their inventory managements are insufficient.


It is seen that the main reason for the financial problems of community pharmacies is the low efficiency and productivity loss in resource management. It is thought that it would be beneficial to provide Finance Management training at the undergraduate level in the Faculties of Pharmacy and in vocational trainings within the Turkish Pharmacists’ Association (TEB). In addition, an effective accounting system for community pharmacies should be prepared and implemented together by TEB and relevant institutions.

Keywords: community pharmacy; çorum; financial ratios; pharmacy management; turkey