WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED PHARMACEUTICAL FIRMS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
Working capital managemt involves the management of the most liquid resources of the firm which includes cash and cash equivalents, inventories, trade debtors and other receivables. Most firms do not ensure optimal level of working capital and this has been a major obstacle to their overall profitabilty. The study examined the impact of working capital management and profitability of listed pharmaceutical firms in Nigeria. The study found that working capital management (account receivables collection management, accounts payables management, inventory management, cash conversion cycle management, operating cash flow management) has a significant impact on the profitability of listed pharmaceutical firms in Nigeria. It is therefore recommended among others that managers should focus on reducing inventory days, collect receivable as soon as possible because it is better to recieve inflows sooner than later, and delay payment of creditors inorder to invest the money in short-term securities which are profitable. Also, the cash conversion cycle should be elongated to the extent that it maximizes profit.
Related Project Materials
IMPACT OF NATIONAL DIRECTORATE OF EMPLOYMENT PROGRAMMES ON POVERTY ALLEVIATION IN GOMBE STATE
ABSTRACT
The severe nature of poverty in Nigeria has prompted the need for government to tackle this issue through programmes or projects...
EVALUATION OF COMPLIANCE WITH HEALTH AND SAFETY TRAINING BY CONSTRUCTION FIRMS IN ABUJA, NIGERIA
ABSTRACT
Health and Safety (H&S) training is one of the most widely adopted practices for improving workplace safety. Existing H&...
THE IMPACT OF RADIO ON POLITICAL PARTICIPATION
ABSTRACT
The study is on the impact of radio for political participation in Uyo metropol...
THE EFFECT OF ENVIRONMENTAL FACTORS ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE BUSINESS IN NIGERIA
BACKGROUND OF STUDY
There is controversy that small and medium scale business in any country where they...
A SURVEY OF THE IMPACT OF WOMEN’S EDUCATIONAL STATUS ON CHILDREN UPBRINGING IN YALA LOCAL GOVERNMENT AREA OF CROSS RIVER STATE
ABSTRACT
This project was carried out to find out the impact of women educational status o...
THE IMPACT OF EFFECTIVE CLASSROOM MANAGEMENT CONTROL ON THE ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL. CASE STUDY OF SELECTED SECONDARY SCHOOLS IN BARIGA LOCAL GOVERNMENT
BACKGROUND OF STUDY
To parents and society at large, the school is being held liable for every aspect of students&rsquo...
THE BENEFITS OF EARLY CHILDHOOD EDUCATION IN PROMOTING SUSTAINABLE URBAN DEVELOPMENT
ABSTRACT: The benefits of early childhood education in promoting sustainab...
THE IMPACT OF DOMESTIC INVESTMENT ON NIGERIA ECONOMIC GROWTH
ABSTRACT
Impact of Domestic Investment on Nigeria Economic Growth. Impact of domestic investment on Nigeria economic gr...
THE IMPACT OF CANDIDATE EXPERIENCE ON RECRUITMENT SUCCESS
Abstract: THE IMPACT OF CANDIDATE EXPERIENCE ON RECRUITMENT SUCCESS
This study aims to investigate the impact of candidate experience on...
JOB SATISFACTION AND EMPLOYEE COMMITMENT TO WORK: COMPARATIVE STUDY OF EDUCATION AND BANKING INSTITUTIONS
ABSTRACT:- Organizations effectiveness is enhanced due to their willingness to promote a sense of commitment and...
