WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE. A STUDY OF MANUFACTURING COMPANIES IN NIGERIA.
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study investigated the relationship between working capital management measured by account receivable period (ACRP), inventory period (INVP), cash conversion cycle (CCC) and sales Growth (SG) and profitability performance measured by returns on assets (ROA). The study utilized secondary data obtained from the annual financial statements of Nigerian Manufacturing companies listed on the Nigerian Stock Exchange (NSE) for period 2008 – 2012. Multiple regression model were adopted for testing all the hypotheses and the study result reveals that there was a negative significant relationship between the account receivable period and profitability of the Nigerian Manufacturing companies. It also reveals that the profit is significantly influenced by the number of days inventory were held (INVP) and that the profitability performance negatively and significantly related to the cash conversion cycle (CCC). These results suggest that effective policies must be formulated for the individual components of working capital. Furthermore, efficient management and financing of working capital (current assets and liabilities) can increase the operating profitability of manufacturing firms.
Related Project Materials
DESIGN AND IMPLEMENTATION OF STUDENT EVALUATION PROGRAM (A CASE STUDY OF DAUGHTERS OF DIVINE LOVE JUNIORATE)
ABSTRACT
Student achievement is profoundly influenced by the evaluation practice used by teachers in the classroom. Rese...
TEACHERS AND STUDENTS ATTITUDES TOWARDS TEACHING OF SEX EDUCATION IN SECONDARY SCHOOLS
ABSTRACT
This research is concerned with teachers and students attitude towards the teaching of sex education in seconda...
THE IMPACT OF EARLY CHILDHOOD EDUCATION (ECE) ON PHYSICAL HEALTH OUTCOMES IN ADULTHOOD
Abstract: This research explores the impact of early childhood education (ECE) on physical health outcomes i...
ANALYSIS OF THE EFFECT OF REINFORCED CONCRETE ON SAFETY OF RESIDENTIAL BUILDING IN OWERRI WEST LGA IMO STATE
ABSTRACT
This study was carried out on the analysis of the effect of reinforced concrete on safety of r...
ASSESSMENT OF THE FACTORS MITIGATING THE EFFECTIVE PREPARATION OF COST ESTIMATE AT THE DESIGN STAGE
ABSTRACT
This research assesses the factors mitigating the effective preparation of cost estimates at t...
THE EFFECTIVENESS OF MONETARY POLICY IN ACHIEVING PRICE STABILITY IN NIGERIAN ECONOMY
EXCERPT FROM THE STUDY
Monetary policy is the set of measures taken by the&...
CUSTOMER RELATIONSHIP MANAGEMENT (CRM) ON CUSTOMER’S LOYALTY
Background Of The Study
Organisations have a greater ability today to establish, nurture, and sustain l...
THE EFFECTS OF EMPLOYEE BENEFITS ON THE PERFORMANCE OF EMPLOYEES
ABSTRACT
Maintaining healthy employee relations in an organization is a pre-requisite for organizational success. One wa...
THE ART OF NATURAL FAMILY PLANNING IN THE LIGHT OF JOHN F. KIPPLEY
STATEMENT OF THE PROBLEM
There is this popular perception that population growth impedes economic devel...
FARMERS AND HERDSMEN CLASHES; BOLSTERING AGRICULTURAL DEVELOPMENT THROUGH THE INSTRUMENTALITY OF LAW
Abstract
Land is probably the most important resources needed by man for his day to day existence. All human livelihoods...
