| Summary: | Working capital management is a crucial pillar in corporate finance. The performance of transport companies can be improved by efficient working capital management through cash management, inventory management, and receivables management. This approach aims at sustainable growth of transport companies in international competition. The main aim of the article is to identify statistically significant variables from working capital management describing liquidity and activity, with a focus on corporate performance in the Visegrad Group countries. We designed models for small and medium-sized enterprises for each member state of the Visegrad Group and a universal model for the entire region. We applied a comprehensive model design process using multi-criteria linear regression, mainly on indicators from the Amadea financial statements in IBM SPSS 25. We described the overall sample using descriptive statistics, identify outliers, identify multicollinearity, and design models, and compared with other models describing return on assets. The added value is the explanation of the impact of working capital management on the performance of small and medium-sized transport companies in the Visegrad Group, which make up most companies in this sector. These findings help identify key aspects of working capital management that contribute to business performance. The paper presents a detailed output for future research into the role of working capital in corporate management.
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