In 2020, the emergence of the pandemic led to the implementation of measures to mitigate the spread of the virus, which ultimately affected all economic actors. The primary objective was to put the protection of lives first and foremost, which led to the unforeseen circumstances that are still visible today. In this study, we examine the changes in the asset turnover rates of the largest companies operating in the V4 countries. While some market players in the study have not experienced a negative shift in this indicator, others have been significantly affected by closures and precautionary measures. It is important to consider the perspective of the war in Ukraine, which adds another layer of complexity to the economic landscape. The ongoing conflict has contributed to regional instability and economic challenges, thus affecting the performance of businesses in the V4 countries. The combined impact of the pandemic and the war in Ukraine has created unprecedented circumstances that will require careful analysis in the future, but the scope of this publication did not allow for this.
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