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 5000
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
The effect of desertification on farming communities in Iseyin Local Government Area, Oyo State.
Background of the study
Desertification, the degradation of land in arid, semi-arid, and dry sub-humid regions, significantly disrupts ag...
IMMUNOCYTOCHEMICAL AND MOLECULAR ANALYSIS OF LIQUID-BASED CERVICAL CYTOLOGY SPECIMENS IN AHMADU BELLO UNIVERSITY TEACHING HOSPITAL ZARIA, NORTHERN NIGERIA
ABSTRACT
Cervical cancer is a common and important public health problem for adult women in developing countries. Many industrialized cou...
IMPACT OF COMMUNITY LIBRARIES ON ADULT EDUCATION
Abstract: This research examines the impact of community libraries on adult education, focusing on how access to library resources and service...
EXPLORING THE ROLE OF ROBOTICS AND CODING IN EARLY CHILDHOOD STEM EDUCATION
ABSTRACT: This study explored the role of robotics and coding in early childhoo...
An appraisal of the role of corporate organizations in mitigating environmental degradation in Borno State
Background of the Study
Environmental degradation remains one of the most pressing issues in developing countries, where...
AN EVALUATION OF THE AVAILABILITY AND UTILIZATION OF DIGITAL RESOURCES IN SCHOOL LIBRARIES IN WAMAKKO LOCAL GOVERNMENT AREA, SOKOTO STATE
Background of the Study:
The shift from traditional to digital platforms in education has transformed school libraries into...
An investigation of gender inequality and its effects on access to economic opportunities in Nsukka Local Government Area, Enugu State
Background of the Study
Gender inequality remains a pervasive challenge affecting economic opportunities...
An Investigation of Morphological Richness in Nigerian Literature: A Case Study of Contemporary Nigerian Novels
Background of the Study
Contemporary Nigerian novels are celebrated for their linguistic creativity and morphological rich...
IMPACT OF MANAGEMENT ACCOUNTING ON FINANCIAL PERFORMANCE
ABSTRACT
The main thrust of this study is to examine the application of management accounting and its application to org...
The role of forensic anthropology in the analysis of skeletal trauma in suspected torture cases in Boki Local Government Area, Cross River State
Background of the Study
Forensic anthropology is pivotal in the investigation of suspected torture cases, where skeletal t...
