EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria
Authors:
ALU Chituru
Publication Type: Journal article
Journal: Economics And Finance Review
ISSN Number:
0
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Abstract
The existence of firms and ensuring the going concern gross depend on liquidity and working capital management of firms, to examine this, an Ex-post - facto research involving trend analysis of five years financial statements of five manufacturing companies was carried out using purposive sampling technique. Multivariate analyses were made to test the research hypotheses. The result however, indicated that each working capital component affected the company’s level of profitability at varying rates, but, these effects when pooled together are not significant. To facilitate the smooth running and/or effective management of working capital so as to enhance the level of profitability, it was recommended that the companies should adequately plan and control their operations, adjust the shortfalls as noted, consider the principles of finance in their decision making, employ the services of experts (analysts) in complex business areas, and conduct periodic stock taking if possible every two weeks.
ALU,C. .
(0000). EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria, 2
(), 55-55.
ALU,C. .
"EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria" 2, no (), (0000):
55-55.
ALU,C. and .
(0000). EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria, 2
(), pp55-55.
ALUC, .
EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria. 0000, 2
():55-55.
ALU,Chituru ,
.
"EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria", 2 . (0000) :
55-55.
A.Chituru ,
"EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A Study of Selected Quoted Manufacturing Companies in Nigeria"
vol.2,
no.,
pp. 55-55,
0000.